Bloomberg If Ford Motor Co.’s new Chief Operating Officer Jim Farley doesn’t rise to become the company’s top executive, it will be a soft landing. In an unusual move, Ford’s board of directors this week granted Farley $2.5 million in unrestricted company stock if he is not named the next chief executive officer, succeeding Jim Hackett, it said in a ...

Bloomberg Austria is setting aside 4 billion euros ($4.4 billion) in liquidity and subsidies to support the economy against the impact of the coronavirus, Chancellor Sebastian Kurz told journalists. The measures will offer liquidity by way of loans and loan guarantees as well as tax deferrals, a new model for labour subsidies for companies that have to reduce working hours, ...

Bloomberg The Swiss government may provide additional economic support on top of its $10 billion Covid-19 aid package if the crisis worsens, Switzerland’s President Simonetta Sommaruga said in an interview with SonntagsZeitung. “Switzerland is a rich country,” she told the newspaper. “We don’t let people down.” Sommaruga’s comments come two days after Swiss government unveiled an emergency economic package of ...