March 26, 2020

U.S. Senate passes $2 trillion bill for ‘strange and evil’ coronavirus crisis

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as […]
March 26, 2020

Oil prices fall as demand shrinks but limited by stimulus

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes […]
March 26, 2020

Britain-based airlines seek industry tax breaks in coronavirus battle

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a […]
March 26, 2020

Ten signs the oil industry is bent out of shape

The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi […]
March 26, 2020

‘Apocalypse now’: Airlines turn to cargo for revenue as U.S. Senate approves aid package

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate […]
March 26, 2020

Airbnb says U.S. coronavirus stimulus bill could offer its hosts some relief

Airbnb Inc hosts in the United States could get some relief from a $2 trillion coronavirus stimulus bill that is nearing a vote in Congress, the […]
March 26, 2020

Airbnb holds meeting with bankers to extend $1 billion debt facility: source

Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility as the home rental start-up grapples with […]
March 26, 2020

SoftBank Group’s share rally ends after Moody’s downgrade

SoftBank Group Corp’s shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody’s downgraded the tech conglomerate’s debt rating […]
March 26, 2020

AMC Theatres furloughs CEO, corporate employees due to virus

AMC Entertainment Holdings Inc , the world’s largest theater operator, has placed its chief executive and all of its corporate employees on furlough to preserve cash […]
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