The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95%.
Sports fans and players across the world frustrated by canceled matches because of the coronavirus epidemic are turning to e-sports, with professional real-world athletes joining virtual game tournaments of football, auto racing and basketball.
Canada's privately held WestJet Airlines is laying off 1,700 pilots amid travel bans to curb the COVID-19 pandemic, according to a company memo seen by Reuters on Thursday.
The union representing factory-line workers at planemaker Embraer's main Brazilian plant approved on Thursday a plan to keep the factory open, while slashing salaries and keeping some 1,000 employees working.
State-owned Saudi Arabian Airlines does not expect flight operations to return to normal until the end of the year and is asking some cabin crew employees to suspend their contracts until then, according to internal emails seen by Reuters.
Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter the hedge fund sent the luxury retailer on Thursday, setting the heavily indebted chain on a path toward bankruptcy.
Ontario's health ministry has asked hospitals to temporarily stop transferring patients to long-term care and retirement homes, according to a memo obtained by Reuters, as coronavirus infections and deaths mount in the homes and thousands of hospital beds sit empty.
Pot producer Canopy Growth Corp said on Thursday it plans to shut down its Canadian indoor facility in Yorkton, Saskatchewan, and also cut about 85 full-time positions.
Despite a record second-corn crop area of 13.2 million hectares in the current planting season, Brazil's production potential could be reduced by weather issues in coming weeks, INTL FCStone said in a presentation on Thursday.
European planemaker Airbus is examining multiple customer requests to defer deliveries after travel demand collapsed because of the coronavirus epidemic, it said on Thursday.
OPEC on Thursday again cut its forecast for 2020 global oil demand due to the "historic shock" delivered by the coronavirus outbreak, and said the reduction may not be the last.
The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose, with the loonie paring some of the previous day's decline when the Bank of Canada added to measures to cushion the economic impact of the new coronavirus outbreak.
Infrastructure group Stobart is considering buying back regional airline Stobart Air and its leasing firm Propius from the administrators of Connect Airways, it said on Thursday.
For at least the last decade, renewable energy seems to have been accelerating at a ferocious pace. Every other day you can read about a new technological breakthrough or another incredible milestone being achieved.
Airbus said on Thursday it had received multiple requests from customers to defer deliveries after travel demand collapsed due to the coronavirus epidemic.
Vietjet Aviation has reached agreements with its lenders to delay repayments on loans it used to buy aircraft, the Vietnamese budget airline said on Thursday.
The Thai government expects to conclude a capital injection plan for flagship carrier Thai Airways International Pcl next week, a government minister said on Thursday.
China's HNA Group criticised its finance department for failing to properly arrange a bondholder meeting to discuss delaying the repayment of a $163 million bond, as it again sought to placate investors angry about a late notice.
Abu Dhabi’s Etihad Airways has the full support of its state shareholder as it plans a partial resumption of passenger flights from May 1, its chief executive Tony Douglas said on Thursday.
Reuters
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