March 16, 2020

U.S. airlines seek $50 billion government bailout after coronavirus outbreak

Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake […]
March 16, 2020

Planemakers grapple with delivery delays as airline crisis grows

Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday. Powered by […]
March 16, 2020

Powell’s whatever-it-takes pledge puts limits of Fed’s reach in spotlight

Federal Reserve Chair Jerome Powell’s message in announcing a barrage of monetary policy and liquidity actions was clear: The U.S. central bank will use all the […]
March 16, 2020

LATAM Airlines to cancel 90% of its international flights

LATAM Airlines Group, the continent’s largest carrier, said on Monday it is canceling 90% of its international flights, in light of the coronavirus outbreak. Powered by […]
March 16, 2020

Exclusive: Airbus eyes contingency plan to slow or halt output – sources

Airbus has drawn up contingency plans to slow or stop production if France is placed under a further lockdown due to coronavirus, two people familiar with […]
March 16, 2020

Wall Street pounded as Fed’s shock move raises virus impact alarm

U.S. stock indexes plunged about 8% on Monday, as investors dumped risky assets for cash after the Federal Reserve’s drastic move to cut interest rates to […]
March 16, 2020

French carmaker PSA closes European factories due to virus spread

French carmaker PSA said on Monday the company will close its European factories until March 27 due to the coronavirus outbreak spread. Powered by WPeMatico
March 16, 2020

Uber Eats waives off delivery fee for independent restaurants amid virus outbreak

Uber Technologies Inc’s food delivery business, Uber Eats, said on Monday it would waive off delivery fee for independent restaurants across the United States and Canada. […]
March 16, 2020

Exclusive: UK supermarkets may cut services to stay open as coronavirus spreads – sources

Britain’s major supermarkets are working on plans to streamline their operations by cutting cafes, counters and other services to enable a depleted workforce to maintain basic […]
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