United Arab Emirates carrier flydubai will reduce pay for its employees for three months from April due to the impact of the global coronavirus crisis on its business, a spokeswoman said on Monday.
Brazilian development bank BNDES is working to line up emergency financing for airlines in April and could extend a lifeline to other companies needing both capital and liquidity as they weather the impact of the coronavirus pandemic.
Brazil's farmers had planted 99% of the second-corn crop area in the center-south region through last Thursday, with scarce rains a concern in the states of Mato Grosso do Sul, São Paulo and Paraná, agribusiness consultancy AgRural said on Monday.
Ukrainian lawmakers voted on Tuesday to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.
The president of the United Arab Emirates has approved a law organising strategic stocks of food commodities in emergencies, the state news agency WAM said on Monday, amidst rising global fears for food supplies due to the coronavirus pandemic.
Vedanta Zinc International, a unit of diversified miner Vedanta Resources, said on Monday it would suspend operations at its Skorpion Zinc mine and refinery in Namibia by the end of April.
Brazilian development bank BNDES is working to line up emergency financing for the country's airlines in April and could extend a lifeline to other companies needing both capital and liquidity.
South African clothing and homeware retailer TFG said on Monday it will suspend store rental payments for April due to a country-wide coronavirus 21-day lockdown that has forced all its stores to temporarily close.
SAS said on Monday it was eyeing more cargo flights using regular passenger aircraft after its first such journey, from Stockholm to Chicago, in co-operation with a Danish logistics firm.
Canada's main stock index futures rose on Monday after the Canadian government said on Friday it would cover 75% of wages for small businesses and the central bank cut its key interest rate to stem the economic impact of the coronavirus pandemic.
Virgin Atlantic has asked the UK government for emergency financial help in addition to the coronavirus package made available to all British companies, said a source familiar with the situation.
Japanese trading company Marubeni Corp said on Monday it had completed the acquisition of a U.S. aircraft lessor Aircastle Ltd, making the purchase when the airline industry is in crisis due to the global coronavirus pandemic.
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
The coronavirus pandemic is increasingly affecting supply chains of German engineering companies, a poll by industry association VDMA showed on Monday.
Thai Airways International Pcl may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official on Monday.
British low cost airline easyJet said it had grounded its entire fleet of over 330 aircraft and had no visibility on when it could restart flights, highlighting the heavy strain on airlines trying to survive to fly again after coronavirus.
Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and technology companies, with production to begin this week.
British low cost airline easyJet said it had grounded its entire fleet and reached a deal with its cabin crew for employees to be furloughed for two months under a government job retention scheme.
The Turkish lira weakened 0.7% against the dollar on Monday as the number of coronavirus cases continued to surge in Turkey and markets globally tumbled on worries over the length of a global shutdown.