Dana Gas has announced that natural gas currently constitutes 75 per cent of the company’s production, which is sold under long term gas sale contracts with host governments at prices which are unaffected by falling oil prices.
Carmaker Ford Motor jumped into the emergency push by major US manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named ‘Project Apollo’.
Airbus is stopping production and assembly activities at its plants in France and Spain for the next four days as governments there implement new measures to restrict movements and fight the coronavirus outbreak, the planemaker said on Tuesday.
Auto production in Mexico and Brazil, Latin America’s top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.
Boeing said on Monday it would temporarily suspend production of its globally grounded 737 Max jets next month as safety regulators delay the aircraft’s return to the skies after two crashes.
Television personality and music mogul Simon Cowell will buy Sony music Entertainment's stake in their joint venture, Syco.