Britain-based airlines seek industry tax breaks in coronavirus battle
A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive...
Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer...
Asian stocks scratch gains but lose steam on U.S. job jitters
Asian stocks eked out gains on Thursday, but the week’s rally lost steam as investors seemed torn between relief at the agreement of a huge...
Newly jobless Americans worry about making ends meet
Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread...
Oil prices slip as demand shrinks, but stimulus supports
Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting...
U.S. Senate votes to grants struggling aviation sector big bailout
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of grants earmarked to...
China, U.S. to set aside differences in G20 coronavirus summit: SCMP
China and the United States are expected to call a timeout on their coronavirus blame game and focus on the challenges of the pandemic when...
Stocks run out of steam on U.S. job jitters, yen gains
A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a...
Airbnb says U.S. coronavirus stimulus bill could offer its hosts some relief
Airbnb Inc hosts in the United States could get some relief from a $2 trillion coronavirus stimulus bill that is nearing a vote in Congress,...
McDonald’s to trim U.S. menu during coronavirus pandemic
McDonald’s Corp said on Wednesday it would temporarily remove some items from its U.S. menu as it focuses on simplifying operations in the face of...