The United States supports changing a landmark aviation emissions scheme now under review by a UN agency, after airlines said the current deal could leave them with higher carbon offsetting costs when air travel recovers from coronavirus, sources familiar with the matter said.
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Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said on Monday, citing the coronavirus pandemic.
India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production with the help of tax revenues, two government and two industry officials told Reuters.
Below average rainfall in most of Ivory Coast's cocoa-growing regions last week meant more downpours were needed to strengthen the crop, farmers said on Monday.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Austria is granting Lufthansa's Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard "the bulk" of the flag carrier's 7,000 jobs, the government said on Monday.
CrossFit founder Greg Glassman has apologized for a tweet that equated the police killing of a black man in the United States to the COVID-19 pandemic, after it drew widespread criticism and resulted in footwear brand Reebok breaking its ties with the fitness regimen.
British luxury brand Mulberry said on Monday it plans to cut 25% of its global workforce of about 1,500, seeking to reduce its cost base after demand was hit by the coronavirus pandemic.
Swissport Belgium SA/NV, a loss-making unit of Swissport International AG which provides ground services at Brussels airport, will file for bankruptcy after attempts to turn around the business failed, Swissport said on Monday.
Administrators at state-owned South African Airways (SAA) have asked creditors to delay the publication of a rescue plan for the cash-strapped airline until next week, after trade unions objected to the plan being published on Monday.
From pricing U.S. interest rates going negative a few weeks ago, the focus has shifted to the rise in Treasury yields, with 10-year borrowing costs at 0.9%, the highest since March 20. And the spread between two- and 10-year yields -- an indicator of economic expectations – hit its steepest since February 2018.
Administrators at state-owned South African Airways asked creditors on Monday to approve another delay until June 15 for the publication of a business rescue plan for the cash-strapped airline.
Hundreds of thousands of jobs, if not millions, could be lost in Britain if aviation is not able to resume quickly, the chief executive of London's Heathrow Airport said on Monday.
Asian companies are at a higher risk of default in the coming quarters than last year, a Reuters analysis of their credit ratios showed, as the coronavirus pandemic has squeezed revenue and made it harder to refinance debt.
Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits.
Ryanair will not cancel flights to and from the United Kingdom despite the introduction of a 14-day quarantine for international travellers because thousands of Britons are still booking holidays, boss Michael O'Leary said on Monday.
Reuters
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