There is a growing push within the Trump administration to craft a list of retaliatory measures against China over its role in the coronavirus outbreak, two sources familiar with the matter said, but cautioned the efforts were in early stages.
Middle East state carriers Emirates and Etihad Airways believe it could take three years for air travel demand to return to levels seen just before the COVID-19 pandemic broke out, according to the U.S. - UAE business council.
OPEC members are negotiating with several big oil producers to take part in the group's coordinated efforts to reduce global oil supplies, according to a report by The Wall Street Journal. They're asking these companies to shoulder some of the supply reduction
Boeing Co's recently aborted $4.2 billion agreement to buy the commercial jet-making operations of Brazil's Embraer specifically forbade either party from calling it off because of a pandemic or a global economic recession, Reuters has found.
LATAM Airlines, Latin America's largest, predicts a longer and slower recovery than expected following the coronavirus pandemic, forcing it to defer much of its planned investment, CEO Roberto Alvo said on Thursday.
The Trump administration has tightened restrictions on the use of ethanol in hand sanitizer, citing safety concerns and forcing some suppliers to halt sales at a time of soaring demand, according to sources and documents seen by Reuters.
LATAM Airlines, Latin America's largest, predicts a longer and slower recovery than initially expected following the coronavirus pandemic, forcing it to defer the vast majority of its investments, CEO Roberto Alvo said on Thursday.
British Airways is seeking to lay off a quarter of its pilots as it slashes costs to weather the coronavirus crisis, according to a letter sent to their union and seen by Reuters.
Egyptian farmers have begun to harvest their wheat without the coronavirus disruptions hitting other growers globally, and with a plea from President Abdel Fattah al-Sisi to sell the government as much of their crop as possible.
American Airlines on Thursday posted a $1.1 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a cash burn of about $70 million a day in the second quarter, as the COVID-19 pandemic brought travel to a near standstill.
American Airlines on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be about $70 million per day, as the COVID-19 pandemic brought travel to a near standstill.
Coach handbag maker Tapestry Inc said on Thursday it would begin reopening some stores in North America, as the company tries to recover from the sales damage caused by the coronavirus pandemic.
The Trump administration has tightened restrictions on the use of ethanol in hand sanitizer, forcing suppliers of the corn-based alcohol to halt their sales at a time of soaring demand, according to sources and documents seen by Reuters.
Tapestry Inc reported a 19.4% fall in quarterly net sales and scrapped its full-year forecast on Thursday, as the coronavirus pandemic forced store closures and hurt demand for the company's Coach and Kate Spade handbags.
Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker.
Flight bookings surged by up to 15 times after Beijing relaxed quarantine rules, raising hope that a release of pent-up demand ahead of a major holiday will breathe life into China's battered tourism industry.
U.S. agribusiness giant Cargill [CARG.UL] said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum China Holdings Inc's KFC.
Thai Airways International PCL aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.