Turkish Airlines extends flight cancellations until May 20
Turkish Airlines has extended the cancellation of international flights to May 20 from May 1 over the coronavirus outbreak, the airline said on Tuesday, adding that domestic flights would remain suspended until April 20.
Explainer: Trump has little power to restart U.S. economy
President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, which has been largely shut down to slow the spread of the novel coronavirus.
Futures rise on China trade data; focus on corporate results
U.S. stock index futures gained on Tuesday as better-than-expected trade data from China and signs some economies might be preparing to ease sweeping lockdowns lifted the mood ahead of the first batch of quarterly earnings reports.
Tobacco giant BAT slides on report of U.S. criminal investigation
British American Tobacco (BAT) is the subject of a U.S. criminal investigation over suspected sanctions-busting, The Times reported https://bit.ly/2ydR5Wm on Tuesday, sending the company’s shares down more than 5%.
Toyota plans limited operations in France, Poland from April 22
Toyota Motor Corp on Monday said it plans to restart limited production at vehicle plants in France and Poland from April 22 after closing them due to the coronavirus pandemic.
Norwegian Air shares plummet as survival depends on rescue plan
The shares of Norwegian Air plummeted on Tuesday, and have now eroded almost their entire value from a 2015 peak, as the airline’s survival depends on creditors accepting a rescue plan proposed last week.
Next’s reopened website closed to new orders by 0730 GMT
British clothing retailer Next has closed its re-opened website to orders until Wednesday after reaching a self-imposed daily order limit.
J.C. Penney to hire advisors as it mulls options for debt: Bloomberg News
J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
Pandemic shows investment fund vulnerabilities, G20 watchdog says
Non-bank financial firms such as investment funds have exhibited vulnerabilities during the coronavirus crisis that may need fixing to help economies recover, a global regulatory watchdog said on Tuesday.
Renault withdraws from Dongfeng venture, its main China business, as sales slump
Renault SA said on Tuesday it is pulling out of a loss-making business with Dongfeng Motor Group due to poor sales, becoming only the second global automaker to exit a major venture in China in recent years.
