Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission, a move that was followed by several U.S. retailers on Saturday.
Delta Air Lines plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was moving toward its first flight cuts as the spreading coronavirus saps demand.
Britain told manufacturers to ramp up the country’s production of ventilators and ordered private hospitals to prepare for an overspill of patients from the public health service as the death toll from coronavirus grew on Saturday.
Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission.
Virgin Atlantic’s chairman Peter Norris will write to British Prime Minister Boris Johnson on Monday saying the country’s airline industry needs emergency government support worth 7.5 billion pounds ($9.20 billion) or risks the loss of tens of thousands of jobs, Sky News reported on Saturday.
Major sports events around the world that have been hit by the coronavirus outbreak:
Southwest Airlines , one of the few U.S. airlines still flying a full schedule even as the spreading coronavirus has sapped demand, said on Saturday it was “seriously considering” cutting flights in the short term.
Southwest Airlines , one of the few U.S. airlines still flying a full schedule even as the spreading coronavirus has sapped demand, said on Saturday it was “seriously considering” cutting flights in the short term. Southwest spokeswoman Michelle Agnew said the company would monitor demand for additional reductions after a first round of cuts, which one source familiar with the matter said could be announced by Wednesday. …read more […]
With one of Wall Street’s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.
Overwhelmingly, caution remains the watchword for investors and analysts reeling from a week that saw all three U.S. exchanges confirm bear markets, oil prices plummet to multiyear lows and wild fluctuations in bond yields and currencies. Investors still have little clarity on the possible trajectory of the coronavirus outbreak in the United States, the effectiveness of the government response and the eventual damage the virus will cause to the nation’s economy and individual companies. The White House on Saturday said it would extend a travel ban to include the United Kingdom and Ireland, a move that could further …read more […]
(Bloomberg) — Airlines in the U.S. and Europe cut flights, idled planes and drafted plans to eliminate jobs, while seeking government support to weather the roughest downturn in the industry’s history, caused by the spread of the coronavirus.American Airlines Group Inc., Delta Air Lines Inc., United Airlines Holdings Inc. and Southwest Airlines Co. said they’re discussing potential aid from the government, without providing details.The governments of Germany and France are weighing financial aid to help get Deutsche Lufthansa AG and Air France-KLM through the crisis. The head of Norwegian Air Shuttle ASA acknowledged that the discount carrier is at the …read more […]
Financial markets have been in focus as the novel coronavirus continues to spread through the U.S. but what exactly are the economic stakes of the health crisis? …read more […]
U.S. President Donald Trump confirmed in a Saturday afternoon press conference he has been tested for the novel coronavirus (COVID-19). This comes less than a day after Trump declared a national emergency over the outbreak.”I had my temperature taken coming into the room, I also took the test last night,” Trump told reporters.Trump recently hosted a Brazilian delegation at his Mar-a-Lago resort in Florida, where he came into contact with multiple people who have tested positive for the coronavirus. On Friday, Brazilian President Jair Bolsonaro said he tested negative for the coronavirus; Reuters has reported he will be retested early …read more […]
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