UK banks scramble to protect customers from wave of coronavirus scams
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new...
Norwegian Air gets small cash infusion, starts talks with creditors
Norwegian Air received a small government cash injection on Tuesday as part of the state coronavirus rescue package, and began talks with creditors complaining of...
Occidental names former CEO Stephen Chazen as non-executive chair
Occidental Petroleum Corp on Tuesday named its former chief executive officer, Stephen Chazen, as non-executive chairman of its board in a bid to end a...
Exclusive: Citadel turns 2020 profit after spotting virus risk early
Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in...
Chevron cuts 2020 spending, Permian production forecasts
Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face...
General Motors suspends 2020 outlook, to draw down $16 billion in credit
General Motors on Tuesday suspended its 2020 outlook and said it plans to draw down about $16 billion from its credit facilities in a bid...
Coronavirus crisis rocks airlines and planemakers
The grounding of virtually all flights by Europe’s largest budget airline and European air traffic data on Tuesday highlighted the enormity of the shock to...
Japan Airlines to slash international flights by 64% as coronavirus dents demand
Japan Airlines said on Tuesday it will cut flights on international routes from the country by about 64% between March 29 and April 30, as...
Coronavirus redraws battle lines on airline emissions
European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes – in a move that pits their immediate survival against longer-term emissions...
Spirit AeroSystems temporarily suspends Boeing-related production
Spirit Aerosystems , Boeing’s largest supplier, is temporarily suspending production of parts for the airline at many of its facilities across the United States, the...