Emirates airline said on Sunday it had made some staff redundant due to the impact of the coronavirus pandemic, with two company sources saying trainee pilots and cabin crew had been affected.
Italian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report.
China announced on Sunday two new confirmed cases of coronavirus and four new asymptomatic cases, including one person without symptoms of COVID-19 on a chartered flight from Germany.
A Brazilian labor court on Saturday ruled that JBS SA can reopen its chicken processing plant in the southern state of Santa Catarina, according to a copy of the decision seen by Reuters.
South Africa will allow domestic air travel for business purposes only from June 1 as the country further eases coronavirus lockdown regulations, the transport minister said on Saturday.
LATAM Airlines, the largest Latin American air transport group, had losses of $2.12 billion in the first quarter after an accounting adjustment of its assets amid the coronavirus pandemic, the company said in a statement late on Friday.
Cathay Pacific Airways Ltd said on Saturday that the reopening of transit services for passengers at Hong Kong International Airport from June 1 will not include those travelling to and from mainland China.
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa, two people familiar with the matter said.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa, two people familiar with the matter said.
United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the severe financial impact of the coronavirus crisis on its business.
It took just three days to sell shares in JDE Peet's as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world's No. 2 maker of packaged coffee.
Belgium's Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities trader Trafigura, the regulator said on Friday.
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said.
Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said.
India's economy grew at its slowest pace in at least eight years in the January-March quarter as the coronavirus pandemic weakened already sluggish consumer demand and investments.
Reuters
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