On Friday, Europe’s biggest low cost carrier Ryanair announced, it will be grounding more than 99% of its flights until July. It has also commenced negotiations with Boeing for cutting the number of aircraft deliveries over the next 24 months…. Read More ›
In a statement, Europe’s busiest airport, London’s Heathrow Airport said, passenger numbers are expected to be down by nearly 97% in April; it went on to add, they are likely to remain weak until governments fighting the coronavirus outbreak deem… Read More ›
On Friday, Malaysian Prime Minister Muhyiddin Yassin announced that business operations can resume from May 4. The development partially eases lockdown restrictions that were imposed to contain the spread of the Wuhan coronavirus. During a televised address, Muhyiddin said Malaysia… Read More ›
Three-fourth of its budgeted production in China has been restored by the Tata Motors Ltd-owned British luxury carmaker Jaguar Land Rover (JLR), said reports quoting sources with knowledge of the matter. Reports stated that amid a revival of demand in… Read More ›
On Tuesday, the world’s largest spirits maker, Diageo, launched a $2.5 billion bond offering weeks after suspending its share buyback programme in response to the coronavirus crisis. Diageo, whose brand of whiskey includes Johnnie Walker, said, the offering will be… Read More ›
According to a report from the Wall Street Journal, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are slated to to resume some production at their U.S. factories from May 18. Their U.S. plants were shutdown in… Read More ›
In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return… Read More ›
Italian Prime Minister Giuseppe Conte stated, starting from May 4, factories and building sites will re-open on May 4 and in the weeks to come more businesses will be allowed to conduct business. The development comes as Italy prepares to… Read More ›
According to a source familiar with the matter at hand, European Union companies that have been impacted by the coronavirus will be eligible for a government loan of up to 5% of their 2019 turnover. With several countries asking for… Read More ›
For reviving the U.S. economy, investors are pinning their hopes for wider availability of testing for COVID-19 along with drug trials; until there is some concrete progress in these areas stock market gains are likely to be limited. The S&P… Read More ›
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