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Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued on Monday as it prepares to quickly hand out $25 billion.

Round-up of South Korean financial markets:

Rio Tinto Ltd will close one of the aluminium production lines at its smelter in Tiwai, New Zealand, to comply with government restrictions to contain the coronavirus, its New Zealand's Aluminium Smelters (NZAS) venture said on Tuesday.

U.S. Trade Representative Robert Lighthizer on Monday said the United States would seek to promote more domestic manufacturing of key medical supplies in light of the strategic vulnerabilities laid bare by the coronavirus pandemic.

Rio Tinto Ltd said on Tuesday its Tiwai smelter in New Zealand will scale back some operations to ensure the health and safety of its workers and comply with government restrictions on containing the coronavirus.

JBS USA will reduce beef production for two weeks at a Pennsylvania facility after managers displayed flu-like symptoms, the company said on Monday, making it the first U.S. meat plant to cut operations due to worries over the coronavirus pandemic.

Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.

American Airlines Holdings Inc intends to apply for up to $12 billion in government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.

Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller than it is now, due to the coronavirus pandemic.

Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.

American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.

Air Canada said on Monday it will cut second quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers as the coronavirus pandemic takes a toll on global travel and aviation.

Air New Zealand said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has forced it to cancel nearly all flights.

Two of Brazil's largest fuel distributors said on Monday they are cutting the amount of ethanol they will buy from local suppliers to adjust to a slump in demand amid the coronavirus lockdown in Latin America's largest economy.

It's watermelon season in Florida. But as the top U.S. watermelon-producing state prepares for harvest, many of the workers needed to collect the crop are stuck in Mexico, unable to secure visas.

Brazil's President Jair Bolsonaro stepped up his stand-off with state governments on Monday by suggesting that democracy could be at risk if the coronavirus crisis leads to social chaos.

Europe's Airbus is grappling with labour and supply chain shortages and may only be able to restore aircraft production to some 10-20% of normal levels for now because of partial shutdowns, industry and union sources said.

Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all stores of the department chain operator have been temporarily shut due to the coronavirus pandemic.

Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company's stores have been temporarily shut due to the coronavirus pandemic.

Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming cargo ships to ensure crew members were free of coronavirus, industry sources said on Monday.