Hong Kong’s Cathay Pacific Airways Ltd will lay off 286 cabin crew based in the United States and furlough 201 pilots based in Australia and Britain, it said on Friday, as the coronavirus pandemic has virtually halted global travel.
China’s current account was kept basically balanced and within a reasonable range in the first quarter of this year despite the coronavirus pandemic, and the outbreak will not affect the current account in the medium-to-long term, the foreign exchange regulator said on Friday.
Peugeot’s British brand Vauxhall, which operates two factories, is planning several safety measures including temperature checks, face mask-wearing and shift rescheduling to allow it to reopen sites amid the coronavirus outbreak.
Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.
Gilead Sciences (GILD) shares popped over 16% in after-hours trading on Thursday following encouraging anecdotal data from Gilead’s remdesivir COVID-19 trials.News source STAT reported on a video presentation within a single site, the University of Chicago, which recruited 125 COVID-19 patients into GILD’s phase III trials.According to the presentation, only 2 of the 113 severe patients died, fever curves for those presenting with fever reportedly fell after receiving remdesivir, and the investigator reportedly noted some ventilated patients coming off ventilators shortly after treatment.Moreover, investigators also reportedly noted that most patients were discharged within 6 days.RBC Capital’s Brian Abrahams admitted that …read more […]
Air fares have fallen as much as 30% since the start of the year in North America and Europe, according to the first of a new series of industry data, while stabilising on a smaller decline in Asia where some coronavirus lockdowns are being eased.
Today we’ll take a closer look at Bayer Aktiengesellschaft (ETR:BAYN) from a dividend investor’s perspective. Owning a… …read more […]
Biopharma Moderna Inc (MRNA) has announced a $483 million government award to fund manufacturing scale-up and the development of the company’s SARS-CoV-2 vaccine mRNA-1273 to FDA licensure.The NIH-led Phase 1 study of mRNA-1273 has already completed enrollment of 3 dose cohorts (25 µg, 100 µg and 250 µg) and is now expanding to an additional 6 cohorts of older adults and elderly adultsLooking ahead, the company expects the Phase 2 study to begin in Q2 2020, following safety data from the ongoing Phase 1 study.In addition, Moderna will now hire up to 150 new team members to support efforts following …read more […]
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy.
Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.
Amazon does not know when its warehouses in France might reopen but hopes it can be soon, the head of its French business said on Friday.
“Our industry will need the government’s support, which will be critical to ensuring access to credit markets and likely take the form of loans versus outright grants,” Boeing Chief Executive Dave Calhoun told employees in a letter seen by Reuters. About 27,000 Boeing workers in the Puget Sound area will return to production of the 747, 767, 777 and 787 jet programs. In January, Boeing halted production of the 737 MAX after two fatal crashes in five months. …read more […]
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm’s warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.
(Bloomberg) — The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.Producers typically rely on regular airline services to ferry mined metal — called dore — from remote operations to the specialist plants that separate out the precious metals and craft them into bars or coins.That’s becoming more difficult with a large swathe of global aircraft grounded, including about two-thirds of the passenger jet fleet, according to Cirium, an airline industry data provider.“Where we’ve had to be doing more work is getting dore — the metal …read more […]
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