U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.
Brazil's power industry has balked at a request from Argentina to release water at the giant Itaipu hydroelectric dam, said people familiar with the matter, which would lower scarce reserves to help Argentine farmers load more soy at river ports.
Airbus will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the planemaker said on Friday, in its latest effort to cope with the coronavirus crisis.
Government loans for Brazilian airlines battered by the coronavirus crisis would only be ready in May, and not later this month as some had hoped, two sources familiar with the matter told Reuters on Friday.
The Canadian government is set on Friday to announce long-awaited measures to help the oil and gas industry, which has been hard hit by low prices and the coronavirus outbreak, the Canadian Broadcasting Corp. said.
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.
General Electric Co's aircraft leasing subsidiary canceled 69 orders for Boeing Co's grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.
Chile´s export-driven economy, once the envy of Latin America, will see a painfully slow recovery after being battered by the one-two punch of mass protests in late 2019 and the slow-moving coronavirus crisis, market watchers said.
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest estimates.
Canada's main stock index futures rose on Friday on U.S. President Donald Trump's plan to gradually reopen the country's economy and as reports of a potential drug to treat COVID-19 boosted investor sentiment, lifting stock markets across the world.
The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty, the U.N. Economic Commission for Africa (UNECA) said on Friday, calling for a $100 billion safety net for the continent.
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
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.
Merging money-losing state carrier Malaysia Airlines Bhd (MAB) with budget airline AirAsia Group Bhd is one of the options to "save" them as the COVID-19 crisis batters the industry, Malaysia's second-most senior minister told Reuters on Friday.
Japan's top airlines are operating at nearly half their domestic capacity even though the coronavirus outbreak has left seats on flights mostly empty, amid a lack of clear government directives on the functioning of transport infrastructure in the crisis.
China has confirmed a new case of African swine fever in the eastern province of Jiangsu, the agriculture ministry said on Friday. The outbreak, detected in Muyang county in Jiangsu, was founded in 17 hogs illegally transported from outside the province.
Hong Kong's Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.
Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.
Reuters
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