Russia’s airlines could lose 100 billion roubles ($1.4 billion) due to the coronavirus outbreak and risk going bankrupt, the head of Russia’s Federal Air Transport Agency, also known as Rosaviatsiya, told the Interfax news agency.
U.S. stock index futures turned higher in volatile trading on Tuesday, following Wall Street’s steepest fall since 1987 in the previous session, as drastic efforts to contain the coronavirus pandemic paralyzed supply chains and crushed business sentiment.
Top news and what to watch in the markets on Monday, March 16, 2020. …read more […]
U.S. stock index futures were lower on Tuesday following Wall Street’s steepest fall since 1987 in the previous session, as rising business disruptions in an effort to contain the coronavirus pandemic fanned worries over its economic damage.
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday.
Abu Dhabi’s Etihad Airways said on Tuesday it was expanding its cargo network to markets where passenger operations have decreased due to the coronavirus epidemic.
The stock market’s swift downturn in recent weeks has probably left you with more questions than answers. How bad is this? Are we headed for a recession? Here are some answers. …read more […]
Boeing and other U.S. aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while Airbus is pausing production at two sites to bolster health and safety measures.
Airbus announced plans to halt operations at its plants in France and Spain for four days as the coronavirus crisis spread from battered airlines to the manufacturing sector.
Credit Suisse will be giving employees needing to care for children and family members affected by the coronavirus outbreak a month of paid leave through mid-April, its chairman and CEO told staff in a memo late on Monday.
Abu Dhabi’s Etihad Airways said on Tuesday it was expanding its cargo network to markets where passenger operations have decreased due to the coronavirus epidemic.
Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus.
Oil rose more than $1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession still dragged on the market.
French carmaker Renault said on Tuesday that it was halting operations in Spain following the declaration of a state of emergency there in light of the coronavirus crisis.
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.
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