Southwest Airlines to seek aid from U.S. Treasury as demand craters
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
U.S. weekly jobless claims hit record once again
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row – topping 6 million – as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say…
‘Dear Elon’: Ukraine takes up Tesla’s ventilator offer via Twitter
Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.
Aerospace suppliers face bailout dilemma over job cuts
Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances – but bailout conditions and fears of losing critical skilled labor are forcing managements to juggle survival and future growth.
Lights, camera, audit: accountants grapple with remote company check-ups
As audit season begins for British companies, some auditors stuck at home in coronavirus lockdown are turning to cameras to check clients’ inventories, plant and equipment for compiling annual accounts.
Exclusive: Germany in talks to inject billions into Lufthansa – sources
Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95% of its fleet due to the coronavirus pandemic, people close to the matter said.
BlackRock, Schroders suspend UK real estate funds
Investment managers BlackRock and Schroders said they have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets.
Boeing CEO sees lasting impact of coronavirus pandemic on aerospace industry: memo
Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.
Southwest Airlines to apply for aid with U.S. Treasury after demand craters
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid related to the disruption caused by the coronavirus pandemic.
In blow to Airbnb, EU court adviser says solving housing shortage is priority
European cities cracking down on short-term rentals of private homes like those on Airbnb got a boost on Thursday after an adviser to Europe’s top court said they have the right to vet such rentals to tackle the shortage of long-term housing.
