Business & Finance News
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period.
The top body of China’s parliament will meet in the capital city of Beijing from April 26 to April 29, the official Xinhua news agency reported on Friday.
World stock markets made a super-charged sprint towards an 11% weekly gain on Friday – their second best of all time – after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
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.
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.
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.
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.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
