Spirit AeroSystems halts production for Boeing jets indefinitely
Spirit AeroSystems Holdings Inc , Boeing’s top supplier, said on Wednesday it had stopped production for the planemaker for an indefinite period and would furlough workers supporting Boeing programs in Kansas and Oklahoma.
Tiffany says Australian regulators seek more time to review LVMH deal
Tiffany & Co said on Wednesday Australian regulators have sought more time to review LVMH’s multi-billion dollar purchase of the U.S. jeweler due to the coronavirus outbreak, potentially delaying closure of the deal.
H&M borrows 980 million euros to boost liquidity buffer amid pandemic
H&M , the world’s second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic.
Dollar firms on rising coronavirus crisis worries
The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.
SoftBank-backed Oyo furloughs some U.S. workers as coronavirus hits revenue
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.
EasyJet founder continues battle over $5.5 billion Airbus order
EasyJet founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus planes, making a new demand on Wednesday for a shareholder vote and threatening to sue its directors.
Oil holds near $32 ahead of OPEC-led talks on output cuts
Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.
Britain’s Tesco warns coronavirus costs could top $1 billion
Britain’s biggest retailer Tesco estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn’t give profit guidance for the current financial year.
Honda back to work in China’s Wuhan with temperature checks and masks
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co’s reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.
BMW to start producing face masks
German carmaker BMW will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver Zipse said on Wednesday.
