French carmaker PSA closes European factories due to virus spread
French carmaker PSA said on Monday the company will close its European factories until March 27 due to the coronavirus outbreak spread....
Exclusive: Airbus eyes contingency plan to slow or halt output – sources
Airbus has drawn up contingency plans to slow or stop production if France is placed under a further lockdown due to coronavirus, two people familiar...
Some European banks shut branches to limit coronavirus spread
Two of Germany’s largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as they grapple with staff shortages and...
White House drafting financial package for U.S. airlines: sources
The White House is drafting a financial assistance package is expected to include direct assistance, loans and tax relief in the wake of the steep...
Coronavirus: First test of a U.S. financial system 10 years in repair
A health emergency dismissed at first as a fleeting risk to the U.S. economy has turned into a full-on test of whether a decade of...
White House drafting financial package for U.S. airlines battered by coronavirus: sources
The White House is drafting a financial assistance package is expected to include direct assistance, loans and tax relief in the wake of the steep...
Boeing stock wipes out gains made during ousted CEO Muilenburg’s tenure
Boeing Co’s shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg’s tenure, as the mounting economic fallout of the...
Near-zero U.S. rates may not sink the dollar
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning...
Airlines count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have scrapped flights and ditched financial forecasts....
Big UK airlines ground most of their fleets to survive coronavirus
Britain’s big airlines said on Monday they would have to ground most of their fleets to survive the coronavirus crisis, with easyJet and Virgin –...