Yelitza Morles was in Florida with her 13-year-old daughter when she heard on Saturday that her flight home to Venezuela had been cancelled due to her country's ban on international flights to prevent the spread of the coronavirus.
Australia on Wednesday joined a growing list of countries offering financial aid to its ailing aviation sector as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.
U.S. House Speaker Nancy Pelosi told the CEOs of U.S. airlines on Tuesday that Democrats agree on the need for "big immediate action" to boost the sagging U.S. aviation industry but have not reached agreement on what a bailout would look like.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand due to the coronavirus.
Molecular testing company Qiagen NV said on Tuesday it would ramp up its global capacity to produce certain chemical kits used to test COVID-19, aiming to support more than 6.5 million tests a month by April end.
The Trump administration on Tuesday told Congress it plans to negotiate a comprehensive trade agreement with the East African country of Kenya, pledging to engage in ongoing consultations with U.S. lawmakers.
Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic fallout of the coronavirus outbreak, people familiar with the matter said on Tuesday.
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Flights to Guatemala of Guatemalans and other nationalities deported from the United States under a deal with Washington have been temporarily suspended, Guatemala's government said on Tuesday, amid concerns over the spread of coronavirus.
The most amazing record broken was not in the stock market, however. It was the long-standing record in what’s perhaps the longest-running price series in financial history: the gold/silver ratio.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of coronavirus.
U.S. President Donald Trump said the government would provide financial assistance to Boeing Co as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
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European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday. The Airlines for Europe group called for widespread tax deferrals "to ensure that as many airlines as
possible survive" the crisis.
Boeing Co shares tumbled as much as 22% to a more-than-six-year low on Tuesday following a rating downgrade that reflected its worsening cash flow due to the extended grounding of its 737 MAX jet and the blow from the coronavirus pandemic.
European airlines demanded urgent tax relief to avoid multiple bankruptcies, as coronavirus disruption continued to spread around the global industry on Tuesday. The Airlines for Europe group called for widespread tax deferrals "to ensure that as many airlines as
possible survive" the crisis.
Airlines in Latin America will need prompt government aid or many of them could go out of business due to widespread flight cancellations amid the global coronavirus outbreak, the head of regional airline association ALTA told Reuters on Tuesday.