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.
(Bloomberg) — Investors in China have found an unlikely new hiding place from the chaos engulfing financial markets.The price of steel reinforcement bar, the somewhat unglamorous but ubiquitous commodity used to strengthen concrete, has risen almost 5% over the past month in Shanghai. Over the same period, gold — the traditional haven amid turmoil — has dropped more than 5% as investors sell to cover losses in other markets.Rebar’s unexpected ascent as a financial sanctuary comes as Chinese investors bet that Beijing is going to embark on a massive bout of stimulus to help prop up the country’s economy in …read more […]
Airbus announced it would stop 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.
Tesla’s sole U.S. auto factory in Alameda county employs more than 10,000 workers and had annualized production of slightly over 415,000 units by the fourth quarter. The county is one of six covered by a ‘shelter in place’ order from regional authorities that limits activity, travel and business functions to only the most essential, and advises people to stay home except for the most crucial reasons. Tesla and Alameda County officials did not immediately respond to Reuters requests for comment. …read more […]
U.S. electric vehicle maker Tesla Inc plans to operate its Fremont factory on Tuesday, when San Francisco’s Bay Area begins a three-week lockdown to rein in the spread of a coronavirus, the Electrek online media said.
Asian shares held their ground on Tuesday in a volatile session following one of Wall Street’s biggest one-day routs in history as headlines about the coronavirus outbreak and its global economic impact whiplashed investor sentiment.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
