Panama's Copa Airlines says it is possible it will have a "complete, temporary shutdown of its operations," the carrier said late on Tuesday in an update on the impact of the global coronavirus outbreak on its operations.
Brazil on Wednesday closed its border to Venezuelans for an initial 15 days, citing strains on the public health system from a worsening global coronavirus outbreak and what its president described as Venezuela's inability to respond to the epidemic.
The carnage in stock markets is getting uglier by the day. Should you "buy", "sell" or "hold" on tight?Research houses at big investment banks who provide these recommendations on stocks are dumbfounded. Their ratings on share prices of many companies have become obsolete as markets have skidded at a record pace from bull to bear.
China's three biggest airlines reduced about 70% of their capacity in February, data showed on Wednesday, as they grappled with the plummeting demand caused by the coronavirus epidemic.
Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to battle the coronavirus crisis that is not only killing the old and vulnerable but also threatening prolonged economic misery.
The ILA Berlin Air Show, a major international gathering for the aerospace, air and defence industries scheduled to take place in the German capital from May 13-17 has been cancelled due to the coronavirus, Berlin Messe said on Wednesday.
EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier's planes.
The coronavirus pandemic has virtually eliminated shaking hands. Its economic impact now has investors doubting whether many companies who shook on mergers and acquisitions will see them completed.
A family feud-fueled proxy fight in Korean Air's parent firm Hanjin Kal escalated this week, as an activist fund offered to buy Delta Air's $300 million Hanjin stake.
The World Health Organization (WHO) said on Wednesday that Middle East states need to offer more information about coronavirus cases to help bolster the fight against the disease across the region.
Bazooka time! After coming under fire for being slow to respond to what is an effectively a simultaneous demand and supply shock to the global economy, governments across the world are rushing to roll out massive stimulus, adding to the monetary firepower their central banks have already deployed.
Japan's Mitsubishi Aircraft Corp said on Wednesday that it completed the first certification test flight of its SpaceJet, bringing the regional aircraft a step closer to commercial operations.
French unions are urging Airbus to keep its French factories closed beyond March 23, when it plans to resume production after a four-day shutdown, raising questions over the knock-on impact on plants elsewhere in Europe.
Industrial and Commercial Bank of China (ICBC) said on Wednesday it will adjust the bid-ask spread for trading on global crude oil and precious metals amid market fluctuations.
French Finance Minister Bruno Le Maire said he will meet the heads of French carmarkers Renault and PSA on Wednesday to discuss how to help the sector after a sudden drop in production due to the coronavirus.
British fashion brand Superdry said on Wednesday it would miss its 2020 targets because of the "unprecedented challenges" of the coronavirus outbreak, but added it had a strong capital position and was in talks with lenders about additional flexibility and liquidity.
British fashion brand Superdry said on Wednesday it would miss its 2020 targets due to the "unprecedented challenges" of the coronavirus outbreak, but had a strong capital position and was in talks with lenders about additional flexibility and liquidity.
Saudi Arabia on Wednesday suspended work in most of the private sector for 15 days and directed businesses to implement work-from-home policies to stop the spread of the coronavirus that has infected 171 people in the kingdom.
U.S. clothing retailer Gap Inc and luxury department store operator Neiman Marcus [NMRCUS.UL] will close their stores for two weeks, joining other retailers in a vast effort to stem the spread of the novel coronavirus.