Costco Wholesale Corp., an American club warehouse operator, reported a 12.1% increase in comparable sales in February and a shortage of certain products. The company associated this with the decision of buyers to stock up in bulk in case of coronavirus quarantine. In February, demand intensified on fears of an increase in the number of people infected in the United States. Sales could grow...

Uber will pay compensation to those taxi drivers and couriers who have been infected with the new coronavirus, CNN reported citing the company’s senior vice president Andrew MacDonald. “We support drivers and couriers who are diagnosed with COVID-19 or who are quarantined by health authorities. Drivers and couriers who find themselves in these situations will receive compensation for up to 14...

Japanese automaker Toyota has expanded recall of cars due to problems with the fuel pump to 1.8 million cars of Toyota and Lexus brands, the company said in its release. At the beginning of the year, on January 13, the company announced recall of 696 thousand cars produced in 2018-2019 for some models of Lexus, Toyota 4Runner, Camry, Highlander, Land Cruiser, Sequoia, Sienna, Tacoma, Tundra,...

Founded 11 years ago as one of Google’s small projects, Waymo is increasingly separating from its parent company. The developer of technologies for unmanned vehicles announced that it had invested $ 2.25 billion within the first round of attracting foreign investment. The independent Alphabet division announced that it does not intend to stop there and will continue to attract funds from outside...

Global stock markets have lost $ 6 trillion over the past six trading days, CNBC reports citing S&P Dow Jones Indices. Stock markets around the world are plunging into the correction zone, as investors fear that the outbreak of the coronavirus COVID-19 will develop into a pandemic. The US stock market has lost about $ 4 trillion in value over the past six trading days, said Howard Silverblatt,...

Dubai-based Emirates Group, managing one of the world's largest airlines, asked employees to go on vacation amid falling demand for flights. Due to the outbreak of coronavirus, the company suspended most flights to China and Iran, and also canceled flights to Saudi Arabia from more than 20 countries. Dubai Emirates Group employees are asked to go on leave due to the consequences of an outbreak of...

The Norwegian State Pension Fund (also known as the Oil Fund), the largest national wealth fund in the world, earned a record amount in 2019 thanks to a rally in the stock markets. According to the fund’s financial statements, revenue amounted to NOK 1.692 trillion ($ 180 billion), or 19.9%. In nominal terms, the indicator was maximum, in percentage terms - the second largest during the existence...

Net profit of the German chemical-pharmaceutical concern Bayer AG over the past year jumped 2.4 times compared to 2018, and reached €4.091 billion, the company said. Earnings per share were €4.17 compared to €1.8 a year earlier. Sales rose 18.5% to €43.545 billion. In particular, the revenue of Bayer pharmaceutical division in 2019 increased by 7.3% to €17.962 billion, revenue of the Consumer...

American Corporation Mondelez International Inc. is buying baking maker Give & Go, the company said in a press release. "Today, Mondelez International announced a signed agreement to acquire a significant majority stake in Give & Go from Thomas H. Lee Partners, L.P. (THL)," the statement said. According to Bloomberg, the deal is worth $ 1.2 billion. The transaction is expected to be...