Coronavirus shutdown to cause Ford $600 million quarterly loss

Ford Motor Co has said that it expects to post a pre-tax loss of $600 million for the first quarter due to the coronavirus outbreak. This time last year, it had reported a $2.4 billion profit. COVID-19 has forced its assembly plants in North America and Europe to temporarily close and the pandemic has resulted […]

Dubai 3D printing startup switches manufacturing to support global PPE supply

Dubai’s 3D printing strategy is helping local businesses respond quickly to shifting demand due to the current crisis. Companies like Immensa are using their 3D printing facilities to supply much needed PPE to customers at home and aborad, signaling the growth potential of the sector as a whole.

COVID-19: Volkswagen to resume production on April 20

The world is grappling with the coronavirus pandemic with governments implementing strict lockdown measures in a bid to halt the spread, and it appears to be working as Volkswagen says several of its vehicle producing factories in Europe will resume production from April 20. The factories are in Germany, Bratislava and Slovakia, while a week […]

US jobless claims drop slightly, to 5.25 million

New York: The number of Americans applying for unemployment benefits fell last week to a still-massive 5.25 million, capping four weeks of coronavirus-related shutdowns that erased more than 10 years of job creation. Initial jobless claims in the week ended April 11 followed 6.62 million the prior week, according to Labor Department figures. The median […]