Canada's Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives and analysts said.
Netflix said on Thursday it would reduce its bit rates across all its streams in Europe, in effect cutting traffic on its European networks by 25% to preserve the smooth functioning of the internet during the coronavirus crisis.
U.S. President Donald Trump on Thursday opened the door to a sweeping shift in the government's relation to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.
U.S. lawmakers were rushing on Thursday to forge a massive economic stimulus package to counter the destructive impact of the coronavirus outbreak, with the Senate's Republican leader vowing not to let the chamber adjourn until it was done.
It's been roughly two weeks since Amazon encouraged most employees at its Seattle headquarters to work remotely after one tested positive for coronavirus.
The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
U.S. Treasury Secretary Steven Mnuchin on Thursday urged Congress to move quickly to pass a $1 trillion economic relief measure by early next week, saying he expects bipartisan support for the bill to get cash payments to Americans during the coronavirus crisis.
North American aluminium recyclers and producers are using import tariffs to boost revenue at the expense of local beer and beverage firms, even though most of the metal used in their cans is not subject to the levy, industry data seen by Reuters show.
China's aviation regulator has asked airlines to cut international flights and ordered some Beijing ones to be rerouted, as the country grapples with a rising number of imported coronavirus cases, especially in the capital.
Restrictions imposed by some European Union countries at their borders with other members of the bloc in response to the coronavirus outbreak are disrupting food supplies, representatives of the industry and farmers said on Thursday.
India banned incoming international flights on Thursday, restricted public gatherings and blocked roads to seal Kashmir after the insurgency-torn region reported its first coronavirus infection.
India's biggest airline IndiGo has cut the salaries of most employees by between 5% and 20% in response to the coronavirus outbreak, which has paralysed air travel and dented its revenues, an internal memo seen by Reuters said.
African airlines have lost $4.4 billion in lost revenues as of March 11 due to the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday as carriers on the continent are scrambling to respond to the economic effects of the outbreak.
U.S. lawmakers were rushing ahead on Thursday with forging a massive economic stimulus measure to counter the destructive impact of the coronavirus, with the Senate's leader vowing not to let the chamber adjourn until the mission is accomplished.
Argentina's recession- and debt-wracked economy was ill prepared for the closed borders and long-distance travel ban prompted by the coronavirus pandemic, which has slammed businesses like that of local hotelier Patricia Durán.
Middle East airlines are facing a liquidity crisis and hundreds of thousands of jobs are at risk because of the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday, urging governments to provide state aid.
Reuters
Checked
17 minutes 13 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities