Big and mid-cap firms globally are expected to slash capital spending by an average 12% this year as they reel from the fallout of lockdowns and other measures imposed to rein in the coronavirus pandemic, analysts' estimates show.
South African chemicals and fertiliser maker Omnia Holdings swung into a full-year profit in the year to end March, it said on Tuesday, after restructuring measures helped strengthen its balance sheet and boost earnings.
Omnia Holdings, a South African chemicals and fertiliser maker, on Tuesday reported a full-year profit with its chemicals division earnings benefiting from the company's restructuring process.
Brazilian airline Azul SA has laid off nearly 1,000 employees, or about 7% of its staff, as it contends with the economic fallout from measures to curb the coronavirus pandemic, a person with direct knowledge of the matter told Reuters on Monday.
Mexico's Aeromexico on Monday scheduled meetings with investors to discuss debt restructuring after becoming the third large Latin American carrier to file for Chapter 11 bankruptcy protection last week.
Indian airline Vistara is in talks with planemakers and leasing companies to delay taking delivery of some aircraft, the carrier's chief strategy officer said on Monday, as COVID-19 hits demand for air travel.
United Airlines said on Monday it was further expanding its international schedule in September by bringing back service between Chicago and Hong Kong and Los Angeles and Sydney, and adding new nonstop flights between Chicago and Tel Aviv.
China has approved its largest scrap metal import quotas since April, a government notice showed on Monday, after failing to clarify its new system for bringing in high-quality scrap material by the scheduled date.
The New Zealand government said on Tuesday it agreed with Air New Zealand Ltd to put a short-term hold on new bookings of inbound international flights, in a bid to restrict passenger numbers because of limited quarantine facilities.
Brazilian meatpacker JBS SA said 2.2% of workers at its Goiania beef plant have been placed on leave after testing positive for the COVID-19 respiratory disease caused by the novel coronavirus, a statement sent to Reuters on Monday showed.
Former Ghana President John Mahama said on Monday that he had chosen Jane Naana Opoku-Agyeman as his running mate for this year's election, making her the first woman on a major Ghanaian party's presidential ticket.
Indian airline Vistara is in talks with planemakers and leasing companies to delay taking delivery of some aircraft, the carrier's chief strategy officer said on Monday, as COVID-19 hits demand for air travel.
The board of Israel's El Al Airlines has agreed to a bailout package that will likely put the flag carrier back under state ownership, the company said on Monday.
The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top U.S. and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by the world's two largest economies in January despite pandemic-related strains.
The board of Israel's El Al Airlines has agreed to a bailout package that will likely put the flag carrier back under state ownership, Israeli news website Calcalist reported on Monday.
China has approved its largest scrap metal import quotas since April, a government notice showed on Monday, after failing to clarify its new system for bringing in high-quality scrap material by the scheduled date.
Rainfall was above average over most of Ivory Coast's cocoa growing regions last week, increasing the chances of a strong start to the next main crop in October, farmers said on Monday,
Gol Linhas Aereas Inteligents will tap its loyalty program to get a cash advance of 1.2 billion reais ($225.81 million), the company said on Monday, as airlines worldwide continue to struggle financially due to the pandemic.