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Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms.

South African state-owned airline SA Express said it would suspend operations from Wednesday until further notice because of recent developments, including the impact of a rapidly spreading coronavirus pandemic.

Packed onto a plane full of fellow Chinese students heading home from the United States, 20-year-old Harvard University undergraduate Roger Zhang wore goggles to ward off the coronavirus for hours until they became just too uncomfortable.

Canada and the United States will announce a deal to partially close their borders on Wednesday, which will allow trade and commerce to go on, the Globe and Mail reported, citing sources.

Canada and the United States will announce a deal to partially close their borders on Wednesday, which will allow trade and commerce to go on, the Globe and Mail reported https://www.theglobeandmail.com/canada/article-canada-us-to-close-border-to-non-essential-travel on Tuesday, citing sources.

Roadblocks across Venezuela snarled the transportation of goods on Tuesday and businesses in the capital Caracas reported that food deliveries failed to arrive, in signs that a national coronavirus quarantine could worsen a humanitarian crisis.

South Korea said on Wednesday it would inject more dollars into its banking system to ensure businesses have enough funding, amid concerns about the deepening global economic impact of the coronavirus pandemic.

Malaysia's palm oil plantations will stop operations for the next two weeks to comply with government orders to contain the spread of the coronavirus, a producer group said on Wednesday, raising concerns over global edible oil supplies.

U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in an effort to cut costs as the rapid spread of the coronavirus keeps people from flying.

China's aluminium smelters lifted production by 2.4% over the first two months of this year.

Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus.

Australian Prime Minister Scott Morrison on Wednesday declared a "human biosecurity emergency" and said the country's citizens should abandon all overseas travel because of the coronavirus epidemic that he warned could last at least six months.

Yelitza Morles was in Florida with her 13-year-old daughter when she heard on Saturday that her flight home to Venezuela had been cancelled due to her country's ban on international flights to prevent the spread of the coronavirus.

Australia on Wednesday joined a growing list of countries offering financial aid to its ailing aviation sector as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus.

Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.

U.S. House Speaker Nancy Pelosi told the CEOs of U.S. airlines on Tuesday that Democrats agree on the need for "big immediate action" to boost the sagging U.S. aviation industry but have not reached agreement on what a bailout would look like.

Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand due to the coronavirus.

Molecular testing company Qiagen NV said on Tuesday it would ramp up its global capacity to produce certain chemical kits used to test COVID-19, aiming to support more than 6.5 million tests a month by April end.

The Trump administration on Tuesday told Congress it plans to negotiate a comprehensive trade agreement with the East African country of Kenya, pledging to engage in ongoing consultations with U.S. lawmakers.

Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic fallout of the coronavirus outbreak, people familiar with the matter said on Tuesday.