Air Canada's proposed C$720 million acquisition of tour operator Transat A.T. Inc will result in a substantial lessening or prevention of competition, the Canadian Competition Bureau said on Friday.
The Canadian Competition Bureau said on Friday that the proposed sale of tour operator Transat A.T. Inc to Air Canada would likely result in a substantial lessening or prevention of competition in the sale of air travel or vacation packages to Canadians.
Brazil's Agriculture Ministry issued an order on Friday deeming truck stops, gas stations and highway diners as essential services, seeking to ensure cargo haulers keep moving grains, feed and meat to markets at home and abroad despite the coronavirus pandemic.
Lebanon has expressed interest in receiving emergency financing from the International Monetary Fund to combat the rapidly spreading coronavirus pandemic, but has not filed a formal request for funds, IMF officials said on Friday.
United Airlines Holdings Inc and Delta Air Lines pledged to maintain staff until Sept. 30 thanks to a government relief package passed on Friday, but warned of continued challenges and depressed demand facing the industry.
The Canadian Food Inspection Agency (CFIA) has shut production at Harmony Beef, an Alberta packing plant, due to concerns about the spread of COVID-19, an industry group said on Friday.
Ratings agency Standard & Poors placed Airbus on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and advance payments from airlines battered by the coronavirus crisis.
Diversified miner Vedanta Ltd said on Friday Chief Executive Officer S Venkatakrishnan has resigned due to personal reasons, less than two years after he took the helm.
Bolivia's San Cristóbal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its operator Minera San Cristóbal said in a statement on Friday.
London's second-busiest airport, Gatwick, said on Friday it would shut one of its two terminals next week following a collapse in flight numbers and government restrictions on unnecessary trips.
In trading on Friday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $6.05 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.
Britain is working as quickly as it can to get ventilators, a spokesman for Prime Minister Boris Johnson said on Friday, after London was criticised for not taking part in an EU scheme to try to buy the breathing machines in the coronavirus outbreak.
The sundecks on Dubai's beaches lie empty, and red flags warn visitors away from the waterfront to protect the Middle East's tourism hub against coronavirus.
Canada's main stock index futures dropped on Friday as concerns over the fast-spreading coronavirus outweighed stimulus measures undertaken by policymakers.
Rolls-Royce will significantly reduce all non-essential activity at its civil aerospace sites in Britain for one week starting from midnight on March 27, due to the coronavirus pandemic, the company said on Friday.
With fewer planes flying and more security and traffic control officers testing positive for the coronavirus, airports are closing terminals, concessions and checkpoints, even while trying to retain jobs with the hope of a post-crisis pickup.
Aluminium stocks monitored by the Shanghai Futures Exchange (ShFE) have fallen for the first time in three months, data showed on Friday, although experts say this does not necessarily mean China's coronavirus-hit demand is catching up with supply.
Reuters
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