Airlines mull empty seats and masks for coronavirus recovery
Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns...
Fauci: May 1 target for reopening U.S. economy ‘overly optimistic’ – AP
The top U.S. infectious disease expert Anthony Fauci said on Tuesday that a May 1 target date for reopening the economy was “a bit overly...
Honda extends Mexico plant suspensions to April 30 due to coronavirus
The Mexican unit of Japanese automaker Honda Motor Co said on Tuesday it would extend a suspenion of operations at its plants in the states...
Renault quits its main China venture after weak sales
French automaker Renault SA is ditching its main passenger car business in China following poor sales at the loss-making venture with Dongfeng Motor Group ....
Barclays delays incentive payments to CEO, CFO due to coronavirus
Barclays is delaying the release of portions of Chief Executive Jes Staley and Chief Financial Officer Tushar Morzaria’s bonuses in light of the new coronavirus...
JPMorgan profit dives as banks brace for coronavirus-led loan defaults
JPMorgan Chase & Co’s profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in...
Global economy in 2020 on track for sharpest downturn since 1930s: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since...
Boeing 737 MAX cancellations pile up during production halt
Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of...
Texas hearing on oil production curbs stirs hornet’s nest
Texas energy regulators on Tuesday morning started to hear from dozens of energy executives on an initiative calling for the state to mandate an output...
Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion – sources
Saudi Aramco, the world’s largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition...