Norsk Hydro will close its loss-making Hydro Precision Tubing plant in the German city of Remscheid by the end of the year, putting 129 jobs at stake, the Norwegian metals maker said in a statement on Monday.
Costco Wholesale Corp said on Monday it had limited the number of beef, pork and poultry products customers can buy, as grocery stores prepare for massive shortages of meat supplies following coronavirus-induced supply disruptions.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett's Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Tyson Foods Inc on Monday it would temporarily close plants as needed in the battle with the coronavirus outbreak, and expects meat sales to fall in the second half of this year as shutdowns hammer restaurants and other food outlets.
Brazil's largest airline Gol Linhas Aereas Inteligentes said on Monday it has enough cash to keep the airline afloat until the end of the year and still have significant reserves leftover, despite the coronavirus crisis.
Tyson Foods Inc said on Monday it expects meat sales volume to fall in the second half of this year, as restaurants are being forced to operate at a limited capacity due to the COVID-19 pandemic.
Air Canada on Monday posted a bigger-than-expected quarterly loss and warned of an about 75% drop in third-quarter capacity, as the COVID-19 pandemic-triggered lockdowns kept people at home.
IRGiT, a commodity clearinghouse providing clearing and settlement activities for transactions conducted on the Polish Power Exchange and an important part of our Nasdaq Market Technology community, is today celebrating its tenth anniversary
Optimism over the re-opening of economies and the slowing of COVID-19 infections rates has been strangled by Donald Trump. Secretary of State Mike Pompeo added his voice to that of his boss in saying the novel coronavirus was likely manufactured in a lab in Wuhan. President Trump said tariffs would be "the ultimate punishment" for China, threatening to rekindle an 18-month long trade war that ended only in January.
1/MAY DAY FOR CHINA China has headed off on Labour Day holidays but its leaders won't be resting easy. U.S. President Donald Trump has ratcheted up anti-China rhetoric again. He is threatening trade tariffs to punish Beijing for its alleged failure to contain the coronavirus, even accusing a Chinese lab of manufacturing the pathogen.
French Finance Minister Bruno Le Maire said on Monday that further talks would take place from this week regarding ways to help the aeronautics industry.
Norwegian Air has won "strong support" from aircraft lessors for its plan to convert debt into equity, the carrier said on Monday, as shareholders prepared to cast their vote on the scheme in a meeting set to begin at 0630 GMT.
Norwegian Air has won "strong support" from lessors for its plan to convert debt to equity, the carrier said on Monday, as shareholders prepared to cast their vote on the scheme in a meeting set to begin at 0630 GMT.
For more than a decade Kuala Lumpur street vendor Abu Zahrim Ismail has seen brisk sales of daging dendeng, a spicy buffalo meat jerky, during the Muslim holy month of Ramadan.
China's most populous cities saw a spike in outbound travellers, tourists and day-trippers on May 1, first day of a long holiday weekend, led by Wuhan, epicentre of the coronavirus epidemic that first struck the country late last year.
South African Airways could start shedding its 5,000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
The Chinese unit of Germany's TUI, the world's biggest tourism group, said on Sunday it has resumed offering holiday packages in China and urged the European Union (EU) to lift travel restrictions in place to curb the coronavirus.
Reuters
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