British Airways owner IAG sees coronavirus having only marginal impact on global travel
The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown in China, the chief executive of British Airways parent IAG said on Wednesday.
Trading house Mitsubishi voices concern over coronavirus impact
Japan’s Mitsubishi Corp is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after the trading house reported a drop in net profit
Malaysia’s AirAsia X forms committee to review Airbus bribery allegations
Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain’s Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday.
Argentina’s ‘little trees’ blossom as forex controls fuel black market
On the streets of Buenos Aires, money changers known as “arbolitos” or “little trees” are taking advantage of Argentina’s capital controls to take a slice of a booming black market trade in U.S. dollars.
With Tesla stock envy, GM hopes to sell investors on its EV, tech future
General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to about two and a half times GM’s size, but on Wednesday the Detroit automaker made the case that its EV and self-driving techno…
Adidas closes ‘considerable’ number of shops in China due to coronavirus
German sportswear company Adidas on Wednesday said it was closing a “considerable” number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.
Airbus halts output at Tianjin assembly plant due to coronavirus
Airbus has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on Wednesday, adding it was monitoring for any signs of impact on deliveries.
Foxconn sees full China production resuming late-February: source
Taiwan’s Foxconn aims to gradually restart operations at factories in China next week but it could take one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said.
China’s Zhejiang to prioritize restarts at key exporters, manufacturers after virus lockdown
China’s eastern province of Zhejiang, the second worst-hit by the coronavirus epidemic, will push major exporters, listed companies and key manufacturers to be the first to return to work after the extended Lunar New Year holiday.
Trump touts stock market’s record run, but who benefits?
Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on that front during Tuesday night’s State of the Union address.
