Indian rice traders have stopped signing new export contracts amid the nationwide lockdown to curb the spread of coronavirus, as labour shortages and logistics disruptions have hampered the delivery of even existing contracts, industry officials said.
In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows.
British aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the world ground planes due to the coronavirus outbreak, the Financial Times reported late on Sunday.
Stelios Haji-Ioannou, the founder of easyJet Plc, has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE for 4.5 billion pounds ($5.50 billion), according to a letter https://easy.com/wp/wp-content/uploads/2020-04-05-stelios-media-statement-on-easyjet-and-airbus-for-release-6april20-final.pdf posted on EasyGroup's website.
Top Democrats in Congress on Sunday urged the U.S. Treasury not to set "unreasonable conditions" in awarding $32 billion in cash assistance to airlines and airport contractors and warned that they could be forced to file for bankruptcy if the requirements are too onerous.
Most Brazilians do not favor President Jair Bolsonaro resigning despite mounting criticism of his handling of the coronavirus outbreak, according to a poll published by newspaper Folha de S.Paulo on Sunday.
Egypt, the world's largest wheat importer, is considering changes to the way it buys the grain ahead of an anticipated purchase to boost strategic reserves, aiming to reduce trade risks arising from any possible export curbs by suppliers.
Hungarian low-cost airline Wizz Air is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off charter traffic with savvy government relations amid the coronavirus crisis.
Russia's vegetable and fruit union has asked for a two-month ban on tomato imports from Azerbaijan, China, Morocco and Turkey, RIA news agency reported, citing a letter sent to the agriculture ministry.
Canadian Prime Minister Justin Trudeau said he would not retaliate for U.S. President Donald Trump blocking 3M Co's exports of N95 respirator masks that protect doctors and nurses from the spread of coronavirus.
A Malaysian company has proposed a fresh capital injection and to assume the debts of Malaysia Airlines (MAS), in a formal takeover bid of the ailing national carrier, according to a report by The Edge Malaysia.
Warren Buffett's Berkshire Hathaway Inc said on Friday it sold about 18% of its stake in Delta Air Lines Inc and 4% of its holdings in Southwest Airlines Co this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest crisis ever.
Bottlenecks recently hobbling Argentine agricultural exports started to clear on Friday, despite measures by some mayors defying an order exempting overland freight and other trade activities from a nationwide lockdown to slow the coronavirus.
Upmarket restaurants are delivering free meals to the elderly, while a fashion firm donates face masks. A business consultancy calls on its clients to donate hygiene products and artisanal soap shops gift their wares to low income households.
The pace of Argentine agricultural exports picked up on Friday despite heavy-handed measures by some municipalities in defiance of an order exempting trade activities from a nationwide lockdown aimed at slowing the coronavirus pandemic.
U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus on their business.
Bankers are preparing for a dire second quarter in Latin America as M&A deals and share offerings grind to a halt with the drastic drop in economic activity during the COVID-19 pandemic.