FILE PHOTO: An attendee exits the Bombardier Global 6500 business

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FILE PHOTO: An attendee exits the Bombardier Global 6500 business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker/File Photo

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MUNICH (Reuters) – German sportswear maker Adidas <ADSGn.DE> on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic. Adidas and Reebok-owned stores in Europe, North America and Canada will be closed temporarily, the company said in an emailed statement. Stores will be closed March 18-29 in Europe. In the United States […]
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BMW sees demand falling further after first quarter sales plunge due to coronavirus

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BERLIN (Reuters) – BMW <BMWG.DE> is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles. BMW said it had seen sales growth at the start of the year. Since then, […]
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U.S. House passes $500 billion coronavirus bill in latest relief package

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By Patricia Zengerle and Susan Cornwell WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near $3 trillion. The measure passed the Democratic-led House by a vote of 388-5, […]