Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic.
A collapse in oil prices to levels last seen more than two decades ago has markets on edge on Monday, serving as a potent reminder that there is still a lot of pain to come from the economic fallout of the coronavirus pandemic and raising questions over just how sustainable recent stock market gains might be. And U.S. crude futures tumbling more than 20% in early Monday trade wasn’t the only dark cloud. Japanese data showed exports slumped by 11.7% in March, falling at their fastest pace since July 2016, as shipments to destinations from the United States to China all suffered sharp declines. Safe-haven bids are sought this morning with yields on U.S. Treasuries easing while the dollar resumed its gains after Friday’s dip.
Aston Martin's immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker's new boss, Formula 1 team owner Lawrence Stroll, said on Monday.
Virgin Australia Holdings is preparing to enter voluntary administration, the Sydney Morning Herald reported on Monday, citing unnamed sources, with the cash-strapped carrier unable to weather the coronavirus crisis because of its debt.
Thousands of Britons have answered the call for backbreaking work on the country's fruit and vegetable farms this summer as the coronavirus crisis keeps Eastern European workers away but it may still not be enough to secure the harvest.
China's farm production and market operations face grave challenges this year as it grapples with the double threats of imported coronavirus cases and African swine fever, an official of the agriculture ministry said on Monday.
China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of other recent cancellations.
Fonterra Co-operative Group Ltd stood by its forecast milk payment to farmers for the 2019-2020 season, but urged them to exercise caution with on-farm decisions due to coronavirus-led uncertainty.
South Africa will pursue talks to restore calm in Lesotho on Monday after Prime Minister Thomas Thabane sent soldiers and armoured vehicles onto the streets of Maseru on Saturday to restore order against "rogue national elements".
India's aviation regulator has told airlines not to take bookings as the government has not yet decided when to recommence flights after a lockdown scheduled to end on May 3.
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
Dwindling supplies of carbon dioxide from ethanol plants are sparking concern about shortages of beer, soda and seltzer water - essentials for many quarantined Americans.
Canada and the United States have agreed to extend border restrictions for another 30 days to help control the spread of coronavirus, Prime Minister Justin Trudeau said on Saturday.
Transport Canada said on Friday that all airline passengers would be required to wear a non-medical mask or face covering during travel to curb the spread of coronavirus.
Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after the UK government was left unimpressed with its initial bid, Financial Times reported https://on.ft.com/2xD3Ee5 on Friday.
A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks' to deploy a low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines, two government officials told Reuters.
Boeing Co said on Friday it would resume operations at production facilities in Philadelphia next week after a two week suspension due to the spread of the coronavirus.
As the U.S. quarterly earnings season picks up steam next week, investors will get an early glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
Norwegian Air, which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday.
Namibia on Friday suspended imports and the in-transit movement of poultry and poultry products from South Carolina and the Ukraine following the outbreak of highly pathogenic avian influenza.