IATA pleads for more help for airlines after U.S. offers $58 billion aid
The International Air Transport Association (IATA) on Thursday urged the world’s major economies to act quickly to prevent irreversible damage to an airline industry that...
Deutsche Bank studies state aid for staff in coronavirus crisis
Deutsche Bank is for the first time considering asking its German staff to cut their hours and take government money instead as it tries to...
Oil prices sink as crippled demand outweighs stimulus hopes
Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4%...
German airline Condor applies for 200 million euro in state aid: sources
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with...
IMF asks G20 to back doubling of its emergency financing to fight coronavirus
The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly...
Geely’s Volvo Cars warns virus outbreak to hit 2020 earnings
Sweden’s Volvo Car Group, owned by China’s Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the...
‘Most photographed’ NYSE trader contracts coronavirus
Peter Tuchman, dubbed the “most photographed trader on Wall Street”, took to Instagram on Thursday to tell his 10,000-odd followers that he had tested positive...
Nestle staff to get full salary for three months where COVID-19 halts work
Nestle , the world’s biggest food company, said it would pay full salaries to employees affected by work stoppages for a minimum of three months,...
WeWork has enough cash to meet coronavirus challenges: letter
WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its...
Wall Street gains as job losses stir talk of more stimulus
Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors’ worst fears, but added to the case for...