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Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders.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miner Norilsk Nickel (Nornickel) said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture.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.
South African Airways (SAA) said on Friday that it would immediately suspend all intercontinental flights until the end of May in response to a government travel ban aimed at stopping the spread of the coronavirus.
After another week of central banks displaying their firepower, things seem a bit calmer. Hopefully, it is a plumbing issue and the dollars the Fed injected will slowly make their way through a gummed-up financial system. World shares are up 1%, Europe is up 4% and U.S. equity futures are up around 3%, extending the rebound in New York trade last night.
U.S. senators from both parties were expected to meet on Friday along with Trump administration officials to try to devise a rescue plan for an economy reeling from the coronavirus, after Republicans made a $1 trillion opening bid.
AirAsia Group Bhd on Friday said an independent probe into corruption allegations from Britain's Serious Fraud Office (SFO) has found the Malaysian airline's procurement process with European planemaker Airbus SE robust and justifiable.
Reuters
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