April 17, 2020

Volkswagen China boss sees sales in China on recovery course

Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful […]
April 17, 2020

Portugal’s car parts makers resume production as coronavirus spread slows

Portuguese car component manufacturers, among the country’s top exporters, are calling thousands of employees back to work even before a nationwide COVID-19 lockdown is lifted as […]
April 17, 2020

Fares show declines as airlines brace for tough recovery: Skytra

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 […]
April 17, 2020

Super-charged stocks race toward second best week ever

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 […]
April 17, 2020

Cathay Pacific to lay off overseas cabin crew, furlough pilots

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, […]
April 17, 2020

Hobbled by coronavirus, China’s first-quarter GDP shrinks for first time on record

China’s economy shrank for the first time in almost three decades of records in the first quarter, as the coronavirus paralysed production and spending, raising pressure […]
April 17, 2020

Instant View: China’s first-quarter GDP posts first decline on record as virus shuts down economy

China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross […]
April 17, 2020

China crude oil runs hit 15-month low as virus cripples demand

China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but […]
April 17, 2020

Oil mixed as shrinking China economy overshadows Trump plan to ease U.S. coronavirus lockdown

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 […]
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