Gap Inc is considering closing stores in some European countries, as the apparel retailer looks to save cash while dealing with a sales slump brought on by the COVID-19 pandemic and competition from fast-fashion companies.
The prospect of China buying copper for its stockpiles is filtering through the market ahead of a meeting of the country's leaders to discuss its next five-year economic and social development plan. [nL4N2GP2AX]
Japanese airline operator ANA Holdings is expected to suffer a net loss of around 530 billion yen ($5 billion) for the fiscal year ending in March after the COVID-19 pandemic battered demand for travel, Kyodo News reported on Wednesday.
Britain has sovereign choices to make on Brexit and they will determine its future access to the EU's internal market, the chairman of the bloc's leaders said on Wednesday, stressing it was now up to London to break an impasse in trade negotiations.
United Airlines is set on Wednesday to test a digital health pass under a global pilot program seeking to establish a common international standard for COVID-19 test results and eventually vaccine records that could help reopen borders.
The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday.
Pork supplies during the upcoming Lunar New Year holiday in China, the world's top consumer, will be 30% higher than a year ago, an agriculture official said on Wednesday, after significant efforts to rebuild a depleted hog herd.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
Argentine soymeal exports were subject to a 24-hour strike by the main oilseed workers union, but local operations at Chinese export company COFCO were spared thanks to a special COVID-19 bonus it paid to employees, the union said on Tuesday.
The Canadian government is very aware of the challenges facing airlines and the travel sector during the coronavirus pandemic and is working on possible aid, Finance Minister Chrystia Freeland said on Tuesday.
When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war.
U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month.
The Canadian government is very aware of the challenges facing the travel sector during the coronavirus pandemic and is working on possible aid, Finance Minister Chrystia Freeland said on Tuesday.
The world will have a smaller airline industry as a result of the coronavirus crisis with many privately funded carriers set to go under and governments throwing "good money after bad" to keep national champions afloat, Wizz Air's CEO said.
Oman's return to the international bond market this week will be a test of its ability to convince investors that long-awaited fiscal reforms have started to put it on a sustainable financial footing.
Rapid outbound COVID-19 testing for passengers has been launched at London's Heathrow Airport, designed to return results in an hour, in an effort to re-open restricted routes and boost traffic for airlines.
Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday, citing sources.