Leading Indian carmakers had zero sales in April

Mumbai: India’s top carmakers couldn’t ship a single vehicle to dealers in April as they shut production after Prime Minister Narendra Modi announced the world’s biggest stay-at-home restrictions to stop the coronavirus from spreading. Maruti Suzuki India Ltd., which produces about half the cars on India’s roads, and Mahindra & Mahindra Ltd., the nation’s biggest […]

Saudi Arabia to take ‘strict, painful’ measures to deal with coronavirus impact

Riyadh: Saudi Arabia will take strict and painful measures to deal with the economic impact of the coronavirus pandemic, finance minister Mohammed Al Jadaan said in an interview with Al Arabiya TV, adding that “all options for dealing with the crisis are open”. “We must reduce budget expenditures sharply”, Jadaan said in comments published on […]