Coronavirus: Uber plunges to $2.9 bn loss but ‘urged’ as lockdowns ease

Uber has actually reported a loss of $2.9 bn (₤ 2.3 bn) for the first quarter as the coronavirus took its toll, but stated it saw motivating check in markets starting to open after lockdowns. The Silicon Valley company stated its ride-hailing business had actually been “hit hard by the ongoing pandemic”, though its smaller […]

The post Coronavirus: Uber plunges to $2.9 bn loss but ‘urged’ as lockdowns ease appeared first on World Weekly News.

Read more →

Coronavirus: US oil price plunges below zero for first time in history as pandemic hits demand

Oil costs in the US have actually crashed below zero for the first time in history as demand for energy dropped due to the coronavirus pandemic. The historical fall was sustained by traders not wishing to get stuck owning crude oil with no place to keep it. The remarkable decline in demand due to the […]

The post Coronavirus: US oil price plunges below zero for first time in history as pandemic hits demand appeared first on World Weekly News.

Read more →