British airline Virgin Atlantic is close to securing a 1.2 billion pound ($1.5 billion) rescue deal, Sky News reported on Tuesday, removing the medium-term chance of administration as a result of the coronavirus crisis.
BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.
At a centuries-old vineyard overlooked by South Africa's Drakenstein mountain, the country's biggest single wine exporter Distell is battling a problem of plenty.
Britain's FTSE 100 index is seen opening 80 points lower at 6,096 on Tuesday, according to financial bookmakers, with futures down 1% ahead of cash markets open.
Flag carrier Vietnam Airlines may face a liquidity shortage from late next month due to the coronavirus pandemic impact, the government said on Tuesday, as it explores measures to help the firm.
Russian aluminium giant Rusal said on Tuesday it had requested Norilsk Nickel's board of directors make management changes, relocate its headquarters to Norilsk in Russia's Arctic and overhaul its environmental and safety policies.
Flag carrier Garuda Indonesia is in talks with Airbus to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel and dampens demand.
Australian states tightened borders and restricted pub visits on Tuesday, while Disney prepared to close its Hong Kong theme park and Japan stepped up tracing as a jump in novel coronavirus cases across Asia fanned fears of a second wave of infections.
Flag carrier Garuda Indonesia is in talks with Airbus to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel.
France on Monday started restricting Chinese airlines to one passenger flight per week, saying it was acting in response to curbs imposed by Beijing on French carriers.
Brazilian green coffee exporters shipped 2.47 million 60-kg bags abroad in June, 9.8% less than in the same month a year earlier, exporters association Cecafé said on Monday, without blaming the coronavirus pandemic for the fall.
American Airlines is preparing to send notices of potential furloughs, as well as early retirement packages to encourage voluntary departures, to its workers later this week, two people familiar with the matter said.
Southwest Airlines Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing.
EasyJet's new chief operating officer, Peter Bellew, will face a vote of confidence from pilots this week, the British Airline Pilots Association (BALPA) said on Monday.
Canada and the United States are still in talks on the future of a ban on non-essential travel between the two nations and will have more to say later this week, Prime Minister Justin Trudeau said on Monday.
Britain's government is looking at several sites in southern England for sites to process post-Brexit checks on lorries ferrying goods to the European Union, cabinet office minister Michael Gove said on Monday.
Southwest Airlines Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing.
Canada and the United States are still in talks on the future of a ban on non-essential travel between the two nations and will have more to say in the coming days, Prime Minister Justin Trudeau said on Monday.
Reuters
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