Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goes into a partial shutdown.
British retailer Marks & Spencer said on Friday trading over the next 9-12 months in its clothing and homewares and international businesses was likely to be "severely impacted" by the coronavirus.
Abu Dhabi's Etihad Airways will survive the coronavirus epidemic, it's chief executive said in a video released on Friday, a day after the industry's largest body warned that Middle East airlines were in crisis.
Air Canada will temporarily lay off more than 5,100 employees as it attempts to check the impact of the coronavirus pandemic, the union representing the Canadian airline's flight attendants said on Friday.
Chinese shares edged higher on Friday as wider Asian equities bounced back from a rout set off by coronavirus fears, but sentiment was relatively subdued after the country left its lending benchmark unchanged.
Australian banks said on Friday they will defer loan repayments for small businesses impacted by coronavirus for six months, as the government prepared to dramatically expand its stimulus package to shelter the economy from the impact of the pandemic.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
British Airways pilots will face a 50% pay cut to their basic salary for April and May, as the airline seeks to reduce its cost to try survive the coronavirus crisis, the Financial Times reported https://on.ft.com/2xdsAYR on Thursday.
Australia will within days unveil a second stimulus package designed to shelter its economy from the impact of the coronavirus, two sources familiar with the government's plan told Reuters on Friday.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
LATAM Airlines Group, South America's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.
LATAM Airlines Group, the continent's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months, a source close to the situation told Reuters on Thursday, due to the coronavirus outbreak.
Italian information and communications technology group Almaviva said it has expressed interest, along with a group of other IT service companies, in struggling airline Alitalia.
Canada's Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives and analysts said.
Netflix said on Thursday it would reduce its bit rates across all its streams in Europe, in effect cutting traffic on its European networks by 25% to preserve the smooth functioning of the internet during the coronavirus crisis.
U.S. President Donald Trump on Thursday opened the door to a sweeping shift in the government's relation to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.
U.S. lawmakers were rushing on Thursday to forge a massive economic stimulus package to counter the destructive impact of the coronavirus outbreak, with the Senate's Republican leader vowing not to let the chamber adjourn until it was done.