Futures turn negative as Fed’s Powell warns of prolonged recession
Dow and S&P futures turned negative on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged U.S. recession due to the coronavirus outbreak...
Fed’s Powell says economy may face ‘extended period’ of weak growth
Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the...
Tesla can prepare to reopen U.S. plant in California as early as next week
Tesla Inc can take additional steps ahead of a potential reopening of its California assembly plant as soon as Monday after Chief Executive Elon Musk...
Futures climb ahead of Fed Chair Powell’s address
U.S. stock index futures rose on Wednesday, after Wall Street’s main indexes fell sharply in the previous session, with markets also awaiting comments from Federal...
Airline SAS to require face masks on all flights
Swedish-Danish airline SAS said on Wednesday wearing a face mask would be compulsory on all its flights through to the end of August to reduce...
Qatar Airways in talks to defer Airbus, Boeing orders: SCMP
Qatar Airways, one of the Middle East’s biggest airlines, is in talks with Airbus and Boeing to defer aircraft orders for several years, its chief...
CMA CGM taps French loan scheme to boost cash in coronavirus crisis
Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to...
Mitsubishi slashes SpaceJet budget, drops variant
Mitsubishi Heavy Industries (MHI) said it was more than halving the annual development budget for its SpaceJet regional jet as the coronavirus pandemic squeezes profit,...
EasyJet, Germanwings lose legal fight against EU’s Italian airport ruling
Easyjet and Lufthansa’s Germanwings on Wednesday lost their challenge against an EU ruling ordering Italy to recover illegal state aid granted to airlines serving Sardinia....
Maersk sees drop in global ship container demand this year
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car...