EasyJet grounds entire fleet as coronavirus pushes airlines to brink
British low cost airline easyJet said it had grounded its entire fleet of over 330 aircraft and had no visibility on when it could restart...
EasyJet grounds fleet, furloughs cabin crew for two months
British low cost airline easyJet said it had grounded its entire fleet and reached a deal with its cabin crew for employees to be furloughed...
China unexpectedly cuts reverse repo rate by most in five years to support virus-hit economy
China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities...
U.S. stimulus package is biggest ever, but may not be big enough
The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing...
Asia shares suffer virus chills, central banks offer cold comfort
Asian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months,...
Major airlines urge U.S. Treasury to disburse assistance quickly
Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula...
Trump’s attack on GM over ventilators quickly turns to praise
President Donald Trump, who excoriated General Motors Co on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the...
Toyota says most Europe plants won’t restart until April 20 at earliest
Toyota Motor Corp said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until...
Asia shares under threat as futures fall early
Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for...
Coronavirus worries and strife: Investors fear markets not out of woods despite big rally
After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads...