Canada will allow temporary foreign workers with valid visas to enter the country, officials said on Friday, offering possible salvation to the agriculture industry even as Ottawa moves to limit the spread of a coronavirus outbreak.
United Airlines Holdings Inc warned on Friday it will begin taking steps to reduce its payroll to match a 60% schedule reduction planned for April "if Congress does not act on sufficient government support by the end of March."
U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman Sachs boss, Hank Paulson, played over a decade ago.
The Farnborough Airshow - this year's largest aerospace expo and a showcase for tens of billions of dollars of business deals - has become the latest major event to be cancelled because of the coronavirus crisis, organisers said on Friday.
Airbus said on Friday it is in regular dialogue with European governments, but declined to comment on a report that the European planemaker may seek government support to tackle the coronavirus crisis.
Uber Taxi suspended its operations in Saudi Arabia until further notice due to measures announced by interior ministry, a company statement said on Friday.
South African retailer Steinhoff said on Friday turnover had fallen, particularly in general merchandise, as a result of the partial or full closure of stores in a number of European markets due to restrictions on movement.
Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders.
British Airways pilots will be required to take two weeks' unpaid leave in both April and May while rival easyJet is reported to have asked staff to take three months' unpaid leave as the battered aviation sector frantically seeks to cut costs.
Luxury jeweler Tiffany & Co forecast a significant results hit this year as it temporarily shut stores and said Friday it had lost about half of its operating days in mainland China since the coronavirus outbreak.
Brazilian President Jair Bolsonaro slammed state governors on Friday for taking "extreme measures" against the coronavirus pandemic, as he tried to juggle mounting public health concerns with protecting an economy he had vowed to revive.
July's Farnborough Airshow - the largest event planned for 2020 in the aerospace industry and a showcase for tens of billions of dollars of business deals - has been cancelled because of the coronavirus crisis, two sources familiar with the plans said.
Russian miner Norilsk Nickel (Nornickel) said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture. The decision was made because Rusal did not issue required corporate approvals for Nornickel to participate in the proposed venture.
China Hongqiao Group, the world's biggest aluminium producer, said on Friday lower costs boosted net profit by 12.7% in 2019 despite a sharp drop in output, as it announced its intention to boost production from scrap metal.
It feels like 2014 for the oil industry all over again, except this time, things could get even worse. Most U.S. shale wells have a breakeven well above today’s current oil prices.
Luxury jeweler Tiffany & Co on Friday pointed to a significant hit to results this year as it temporarily closed stores around the world, and said it had lost about half of its operating days in mainland China since the coronavirus outbreak.