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Italy tightening workplace rules in coronavirus crisis

Bloomberg Italian unions and business representatives signed an accord to protect workers nationwide from the spread of the coronavirus in a bid to keep at least some production up and running. “It is a primary objective to combine the continuation of production activities with the guarantee of conditions of health and safety in the workplace and working methods,” according to ...

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Jim Farley poised to be next CEO of Ford

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 ...

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Austria’s $4.4bn crisis fund to fuel virus-hit economy

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, ...

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