Unions urge Airbus to extend output freeze due to virus fears
French unions are urging Airbus to keep its French factories closed beyond March 23, when it plans to resume production after a four-day shutdown, raising...
Governments offer aid as airlines forced to deepen cuts to flights, staffing
Australia and Taiwan joined governments offering financial aid to airlines as coronavirus and stricter travel controls forced carriers to deepen cuts to capacity and staffing....
U.S. crude prices fall to 17-year low as coronavirus spreads
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened...
Barclays says it is ‘very unlikely’ to meet profit goal amid virus outbreak
Barclays is ‘very very unlikely’ to meet its goal of a 10% return on equity this year given the impact on its business of the...
Oil falls for third day as coronavirus travel bans escalate
Oil prices fell for a third session on Wednesday to be down about 17% so far this week as the outlook for fuel demand darkened...
Coronavirus empties airlines’ cash drawers, knocks $157 billion off share values
Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to...
Tesla plant can’t run normally in coronavirus shutdown: California county
Tesla Inc cannot continue to operate its main U.S. vehicle plant normally as its San Francisco Bay Area home began a three-week lockdown on Tuesday...
Global stocks drop as investors shun risk on coronavirus fears
U.S. stock futures and several Asian shares fell in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would...
Oil steadies after testing new lows as coronavirus chaos intensifies
Oil prices steadied on Wednesday after slipping to new four-year lows, sapped by fears for fuel demand and the global economy amid travel and social...
Fujifilm shares jump 15% on China coronavirus drug trial boost
Shares in Japan’s Fujifilm Holdings Corp surged 15% on Wednesday morning after a Chinese official said the company’s Avigan anti-flu drug appeared to help coronavirus...