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Amazon on hiring spree as coronavirus spurs demand

2020-03-17 06:32:12| BBC News | Business | UK Edition

The online retail giant is taking on 100,000 workers in the US to deal with a surge in online orders.

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Broadcom reports Q1 in line with guidance, sees sharp demand uncertainty ahead

2020-03-13 09:37:00| Telecompaper Headlines

(Telecompaper) Broadcom said results for its fiscal first quarter to 2 February were in line with expectations, with steady growth from its networking storage and broadband businesses, CEO Hock Tan said. Nevertheless, even though the semiconductor market is doing better and that the covid-19 outbreak did not have a material impact on the company's figures in Q1, visibility is still lacking looking forward, with demand uncertainty getting more intense. As a result, Tan said the company is withdrawing its previous forecast for the year, and that it will not present any annual guidance until visibility returns to pre covid-19 levels. 

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US Natgas Output, Demand To Fall In 2021 After Hitting Records

2020-03-11 21:00:00| OGI

U.S. natural gas production and demand will decline in 2021 after hitting record highs this year, the Energy Information Administration (EIA) said in its Short Term Energy Outlook on March 11.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

2020-03-10 10:55:37| Green Car Congress

Tags: on global oil demand

 

IEA: Global Oil Demand Set For First Contraction Since 2009

2020-03-09 13:45:00| OGI

The downward revision came as oil prices dropped as much as third in their biggest one-day fall since the 1991 Gulf War.

Tags: set since global oil

 

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