Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion euros amid the "gravest crisis the aerospace industry has ever known".
Planemaker Airbus posted on Wednesday a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenues fell 15% to 10.631 billion amid the "gravest crisis the aerospace industry has ever known".
The coronavirus outbreak is causing a rare stir in the usually staid global tea market, with labour lockdowns stifling supplies just as millions in lockdown drive up demand for the beverage known for its immunity-boosting properties.
British retailers cut the prices of non-food items by the most since at least 2006 this month as they try to shift stock that they are struggling to sell due to the coronavirus, industry data showed on Wednesday.
Argentina's two low-cost airlines on Tuesday accused its Peronist government of lying about whether the implementation of an air travel ban to combat the coronavirus had been discussed with the industry beforehand.
U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections.
Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a "very grave" negative shock.
A South African court placed state-owned SA Express under "provisional liquidation" on Tuesday after the airline's administrators said rescue efforts weren't likely to succeed.
U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections.
British Airways plans to cut as many as 12,000 jobs in response to the coronavirus crisis that means that passenger numbers will take years to recover, its owner International Consolidated Airlines Group said on Tuesday.
President Donald Trump plans to use the Defense Production Act to mandate that meat processing plants owned by Tyson Foods Inc and other companies remain open to protect the U.S. food supply during the coronavirus outbreak, a senior administration official said.
President Donald Trump plans to order U.S. meat processing plants facing concerns about coronavirus outbreaks to stay open to protect the country's food supply, a senior administration official said on Tuesday.
Argentine farmers have suspended soy and corn harvesting in the country's central grains belt due to heavy rains, while the extra moisture was expected to help wheat planting scheduled to start in May, growers and analysts said on Tuesday.
As mining heavyweights South Africa and Peru move to lift coronavirus lockdowns, workers in deep mines are resisting going back to work without adequate protective gear and information about cases at sites, with one major union filing legal action against restart plans.
Delta Air Lines, JetBlue Airways Corp and Spirit Airlines on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports.
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as it sought to raise another $2.6 billion to help weather the coronavirus pandemic.
South Africa's landlords have increased and extended temporary rent reductions for retailers whose shops have been closed by the country's lockdown to tackle the coronavirus pandemic.
Reuters
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