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Tesla's sales of its increasingly popular electric cars got off to fast start this year, even though the company had to slam the brakes along with other major automakers last month because of worldwide efforts to contain the worst pandemic in a century.
Saudi Arabia’s state-run oil giant Saudi Aramco said on Tuesday, March 10, 2020, it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
Anxiety over the new coronavirus epidemic sent global stock markets and oil prices plunging on Monday, March 9, 2020, touched off prison riots in Italy and caused a cascading shutdown of sites and events ranging from Saudi schools to a Holocaust march.
The economic affects of the coronavirus have preceded the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees work from home in affected areas, and throttling air travel across the globe.
Exxon Mobil said on Thursday, March 5, 2020, it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand.
Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year.
A leaked recording of an exchange between an Iranian air-traffic controller and an Iranian pilot purports to show that authorities immediately knew a missile had downed a Ukrainian jetliner after takeoff from Tehran, killing all 176 people aboard, despite days of denials by the Islamic Republic.
Teenage climate activist Greta Thunberg has brushed off criticism and mockery from the U.S. Treasury chief, saying on Friday, January 24, 2020, his comments have “of course no effect” on her and fellow campaigners.
