Airbus slashes jet output to tackle coronavirus crisis
Airbus announced plans on Wednesday to cut jetliner production across the board after the coronavirus epidemic triggered aviation’s worst industrial crisis and drastically reduced deliveries...
Hundreds of U.S. lenders get access to small business rescue program with new system launch
The government’s $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a new system that will...
Google bans Zoom desktop app from employee laptops
Alphabet Inc’s Google said on Wednesday it had banned Zoom video conferencing desktop application from its employees’ work laptops, citing security concerns....
Wall Street climbs on hopeful coronavirus signs, healthcare lift
U.S. stock markets climbed on Wednesday as investors were encouraged by hopeful signs about the coronavirus outbreak in the United States, with health insurers getting...
Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs – sources
U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on...
Lufthansa CEO says it’s seeking state aid in Germany, other countries
Lufthansa will seek state aid in Germany, Switzerland, Belgium and Austria as the coronavirus crisis that forced it to ground almost all of its planes...
VIX futures point to coronavirus worries for months to come
Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the...
Coming next from the Fed: How much for Main Street?
The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash...
U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by...
Fed’s Barkin: coronavirus blow to U.S. economy will be deep
The economic downturn from the coronavirus outbreak in the United States will be deep and any recovery will depend on consumers feeling safe enough to...