A worker observes a container being placed on top of

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FILE PHOTO: A worker observes a container being placed on top of a truck at the Port of Santos in Santos, Brazil September 23, 2019. Picture taken September 23, 2019. REUTERS/Amanda Perobelli

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(Reuters) – Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday. It was the second such deal announced in recent weeks by Hyundai and sister company Kia Motors Corp, which in mid-January said they would invest $110 […]
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Coronavirus stockpiling drives best Nestle sales growth in years

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By Siddharth Cavale (Reuters) – Swiss food giant Nestle <NESN.S> reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled everything from Purina pet food to Nescafe coffee to frozen meals to prepare for coronavirus lockdowns. Sales in North America and Europe were particularly strong in March, helping to drive […]
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Japan services sector activity shrinks on coronavirus hit: PMI

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TOKYO (Reuters) – Japan’s services sector shrank at the fastest pace in nearly six years in February as a jolt from the coronavirus threatens to push the economy into recession, dashing hopes of a domestic-led recovery. Pressure on the world’s third-largest economy has built rapidly during the past weeks as consumer and business sentiment are […]