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Tag: Worst

China’s battered Tesla rival Nio brushes off coronavirus impact, says the worst is over

China’s battered Tesla rival Nio brushes off coronavirus impact, says the worst is over

Finance
The NIO Inc. ES6 electric sport utility vehicle (SUV) stands on display at the Auto Shanghai 2019 show in Shanghai, China, on Tuesday, April 16, 2019.Qilai Shen | Bloomberg | Getty ImagesFor Chinese electric vehicle company Nio, the worst of the coronavirus impact is pretty much over, CEO William Li said Wednesday."Nio hasn't lowered its annual forecast as a result of the virus," Li said in a call with reporters, according to a CNBC translation of his Mandarin-language remarks. "There was certainly some impact in the first quarter, but for the second quarter, right now we don't think there is much of an impact to the original plan."He said the virus had primarily affected Nio's supply chain, which has been fine since the second half of March. The company's product release schedule and...
FTSE 100 marks worst quarter since 1987 amid coronavirus turmoil

FTSE 100 marks worst quarter since 1987 amid coronavirus turmoil

Business
The coronavirus pandemic has resulted in the FTSE 100 marking its worst quarter since 1987.Britain's top share index was up by 1.95% at the close of trading on Tuesday, a small upturn after weeks of volatility. But it has lost a quarter of its value this year, despite a recovery of more than 15% from the lows seen in mid-March, when many countries ordered residents to stay home to stop the spread of the coronavirus.Tuesday saw tentative gains for world markets on hopes the economic disruption from the pandemic would be weaker than some estimates fear. ...
Coronavirus: FTSE 100, Dow, S&P 500 in worst day since 1987

Coronavirus: FTSE 100, Dow, S&P 500 in worst day since 1987

Business
Shares around the world have plunged as investors fear the spread of the coronavirus will destroy economic growth with government action insufficient to arrest the decline. The main UK index dropped more than 10% in its worst day since 1987. In the US, the Dow and S&P 500 were also hit by their steepest daily falls since 1987.The declines came despite actions by the Federal Reserve and European Central Bank to ease financial strains.At the start of US trading, plummeting shares triggered an unusual automatic suspension in trading for the second time this week.When trade resumed 15 minutes later, shares continued to fall, taking cues from the slide in European markets.The S&P 500 fell 9.5% and the Nasdaq ended 9.4% lower, while losses on the UK's F...
Global shares plunge in worst day since financial crisis

Global shares plunge in worst day since financial crisis

Business
Shares around the world had their worst day since the financial crisis with the dramatic falls leading to the day being dubbed "Black Monday".The main financial indexes in the US closed down by more than 7%, while London's index of top shares ended the day nearly 8% lower.Similar drops took place across Europe and Asia as a row between Russia and Saudi Arabia saw oil prices plunge.Shares were already reeling from fears of the impact of coronavirus.Analysts described the market reaction as "utter carnage".In the US, the major stock indexes fell so sharply at the start of trading, that the buying and selling of shares was halted for 15 minutes, as a so-called "circuit breaker" aimed at curbing panicky selling came into effect.The Dow Jones Industrial Averag...
‘Winning Premier League title behind closed doors is our worst fear’ – Liverpool supporters’ union reveal coronavirus worries

‘Winning Premier League title behind closed doors is our worst fear’ – Liverpool supporters’ union reveal coronavirus worries

Sports
Liverpool officials and fans have genuine fears their celebrations of a landmark Premier League title will be completely ruined by the coronavirus outbreak. There are reports the Reds could lift the trophy in an empty stadium, as the top flight considers how to tackle to the virus in the coming weeks after the first stage of precautionary measures this weekend. Behind the scenes at Anfield, and across the Premier League, a number of measures were put in place to help prevent the spread of COVID-19. Getty Images - Getty A number of face masks were spotted in the Anfield stands during Liverpool’s clash with Bournemouth Scrap handshakes permanently, not just for coronavirus, says Ally McCoist - It's a meaningless gimmick According t