A town in the heart of Brazil's farm country, Rondonópolis in Mato Grosso state, closed down all non-essential services and ordered suspension of industrial sites in response to the coronavirus crisis, according to a municipal decree.
The pandemic of disease caused by the coronavirus is accelerating, the World Health Organization (WHO) said on Monday, with more than 300,000 cases now recorded and infections reported from nearly every country worldwide.
A clearly unhappy Canadian Prime Minister Justin Trudeau on Monday said people defying advice to isolate themselves to fight a coronavirus outbreak should "go home and stay home" or face sanctions.
Canada's CAE has temporarily closed three commercial aviation training centers and is laying off 465 manufacturing workers, amid broader industry sector turmoil because of the coronavirus outbreak, the company's chief executive said on Monday.
The coronavirus pandemic is "accelerating", with more than 300,000 cases now recorded worldwide and from nearly every country, the head of the World Health Organization (WHO) said on Monday.
Brazilian mills are expected to make a sharp switch from ethanol to sugar production in the new season kicking off in the world's largest sugarcane producer, as falling gasoline prices and a weak currency reduce the biofuel's appeal, analysts said.
General Electric Co's aviation unit plans to cut its total U.S. workforce by about 10%, Chief Executive Officer Larry Culp said on Monday, as airlines delay purchases and ground planes amid the coronavirus pandemic.
South Africa reported a sharp jump in confirmed coronavirus cases on Monday to 402, from less than 50 just over a week ago, as the army prepared to deploy in each of the country's nine provinces, according to an official document seen by Reuters.
Abu Dhabi's Etihad Airways told staff on Monday it was temporarily cutting management wages by 50% and other staff salaries by 25% due to the impact on its business by the coronavirus, two sources familiar with the matter told Reuters.
Only a few weeks ago, Turkey seemed a better bet than many other emerging markets to withstand a global economic slowdown over the coronavirus. Its economy was roaring back from a recession on the strength of surging domestic lending and state support for the lira, able to shrug off market mayhem abroad and even benefit from tumbling prices for imports.
German aircraft engine maker MTU Aero Engines on Monday said it would temporarily suspend work at several of its European factories in response to the coronavirus pandemic.
The Indian government has asked all state-owned lenders to extend emergency credit lines to corporate borrowers, three government and banking sources said, as it rushes to tackle the fallout from the coronavirus outbreak that has grounded business across the globe.
The Indian government has asked all state-owned lenders to extend emergency credit lines to corporate borrowers, three government and banking sources said, as it rushes to tackle the fallout from the coronavirus outbreak that has grounded business across the globe.
China's soymeal futures rose to hit their trading limit on Monday as many crushers suspended operation because of a soybean shortage and coronavirus outbreaks in South America further disrupted exports of the oilseed.
Britain is still working to develop a package of government support for its airlines, with the most likely outcome a range of measures to suit the carriers' different needs, the head of the country's pilots union BALPA said on Monday.
Plus-sized fashion retailer N Brown has maxed out its main credit facilities and may need further funds under a downside scenario for the coronavirus shutdown, the company said on Monday.
Russian state-controlled VTB bank, which has been expanding its grain business, has bought a half of the Taman grain terminal in the Russian part of the Black Sea from Ukraine's Kernel, it said on Monday.
Reuters
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