Airline SAS said on Thursday it was in intensive talks with major shareholders to tap more funding to help it ride out a pandemic-induced collapse in global air travel that saw it run a deep loss in its fiscal second quarter.
British low cost airline easyJet said it planned to cut up to 30% of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market it expects to emerge from the collapse in air travel due to COVID-19.
Airline SAS said on Thursday it was in intensive talks with major shareholders to tap more funding to help it ride out a pandemic-induced collapse in global air travel that saw it run a deep loss in its fiscal second quarter.
China's biggest hog producer Wens Foodstuffs Group Co Ltd built nine new pig farms in the first quarter and has dozens more under construction, the company's honorary chairman said, as it aims to triple output over the next four years.
American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.
American Airlines Group Inc must reduce its management and support staff by about 30% as it moves to run a smaller airline due to the coronavirus pandemic, according to a letter to employees made public on Wednesday.
Synlait Milk revised downward its milk price forecast for the current season on Thursday, citing lower dairy prices in tandem with a global slump in commodity prices during the new coronavirus pandemic.
Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, CEO Doug Parker said in response to a question at a conference on Wednesday, but said he does expect the overall U.S. airline industry to be 10% to 20% smaller in the summer of 2021.
Secretary of State Mike Pompeo said he had certified on Wednesday to Congress that Hong Kong no longer warranted special treatment under U.S. law in the same way that applied when the territory was still under British law before July 1997.
U.S. logistics company FedEx is on the point of taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
Brazilian meatpacker BRF SA said on Wednesday it would find it "mathematically impossible" to keep current output levels if slaughterhouses are ordered to close due to the novel coronavirus.
In trading on Wednesday, shares of Osisko Gold Royalties Ltd (Symbol: OR) crossed below their 200 day moving average of $9.56, changing hands as low as $9.45 per share. Osisko Gold Royalties Ltd shares are currently trading off about 1.9% on the day. The chart below shows th
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Boeing Co said Wednesday it will notify 6,770 U.S. workers they are being laid off with "several thousand remaining layoffs" planned in the next few months, chief executive Dave Calhoun told workers in an email.
Protesters calling for jobs have brought Tunisia’s phosphate output to a halt by staging sit-ins at state-run Gafsa Phosphate (CPG), the country's sole producer, a company official said on Wednesday.