The online reservation service Airbnb plans to allocate $ 250 million for payments to those homeowners who have lost their reservation due to the coronavirus pandemic, follows from a letter of the company’s head Brian Chesky. Earlier this month, the company said that hosts receiving guests from regions affected by the virus, guests traveling to or from seriously affected regions, as well as any...

The resumption of production and the return of people to work in China in recent weeks has been quite active amid successes in combating the coronavirus epidemic. Business entities in China have resumed work by 97.6%, said Wang Bin of the Ministry of Commerce of the PRC on Saturday. "As of March 27, wholesale agricultural markets resumed operations by 99.4%, business entities resumed operations...

Japanese electronics company Sony, due to the spread of a new type of coronavirus, is transferring 20,000 employees to remote jobs, Kyodo said. The regime will be valid until the end of April. It extends to 20 thousand employees across the country engaged in the production of television sets and semiconductors. New employees of the company, who were supposed to start work in the beginning of the...

S&P Global Ratings (S&P) international rating agency has lowered forecasts for the ratings of Equinor, Total, Eni and BP due to the situation in the energy industry and amid the coronavirus outbreak, the agency announced in its release. The outlook on the long-term Equinor rating at “AA-” was downgraded to negative from stable, Total’s “A +” was revised down to negative from positive. For the...

Results of the first three quarters of the 2019-2020 financial year ending February 29 showed that the American manufacturer of sportswear Nike increased its net profit by 10% in annual terms to $ 3.33 billion, the company said in its financial statements. Diluted earnings per share in the reporting period rose to $ 2.09 from $ 1.87 a year earlier. The company's revenue for these nine months...

The French pharmaceutical developer AB Science recently published results of a phase 3 study for the novel drug masitinib in the treatment of progressive forms of multiple sclerosis (MS). A web conference dedicated to medical professionals and the media was held on the 6th of March. The panel of MS specialists outlined the findings and highlighted aspects of the research through expert...

The hotel chain Marriott International and others began to send tens of thousands of workers on forced leave to survive the crisis, writes The Wall Street Journal. Marriott’s spokeswoman confirmed that approximately two-thirds of the 4,000 employees at Bethesda, Maryland, were offered to go on vacation at their own expense. In addition, approximately two-thirds of workers abroad were sent on...

The outbreak of coronavirus COVID-19 could provoke a wave of bankruptcies among companies in the Asia-Pacific region (APR), which have increased their debt over the years of low interest rates, writes the Financial Times, citing analysts. According to Moody's, from the time of the global financial crisis of 2008 to 2019, the amount of outstanding debt of companies in the region has doubled and...

The Norwegian oil and gas group Equinor (formerly Statoil) has suspended the buyback program due to coronavirus, the company said in a press release. “We are now taking action to remain stable during a period of low prices, volatility and market uncertainty, in accordance with our contingency plans. In this situation, due to the spread of Covid-19 and low commodity prices, we suspend the buyback...