March 6, 2020

Airlines suspend flights due to coronavirus outbreak

Airlines have been suspending flights or modifying services in response to the coronavirus outbreak. Powered by WPeMatico
March 6, 2020

Trump says U.S. economy could take hit from coronavirus

President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but predicted the challenge would eventually pass and defended […]
March 6, 2020

Wall Street drops over 3% on virus fears, travel shares slammed

U.S. stocks tumbled on Thursday, with shares of banks and travel companies taking a beating, as a new wave of fear about the spread of the […]
March 6, 2020

Former UAW President Gary Jones charged in U.S. corruption probe

Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe […]
March 5, 2020

Old Navy boss to take the helm at Gap

Apparel retailer Gap Inc on Thursday named long-time executive Sonia Syngal as its new chief executive officer, nearly four months after the surprise exit of its […]
March 5, 2020

U.S. financial companies prep for new normal amid coronavirus outbreak

U.S. financial companies are doubling down on travel restrictions to include domestic trips, replacing meetings with video calls, and webcasting events as the coronavirus outbreak starts […]
March 5, 2020

Airlines face $100 billion-plus virus hit, discounts ‘wouldn’t do any good’

The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, while the head of […]
March 5, 2020

Portugal’s TAP cancels 1,000 flights in March-April as coronavirus hits demand

Portugal’s flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall in […]
March 5, 2020

OPEC backs biggest oil cut since 2008 crisis, awaits Russia

OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices […]
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