Wendy’s to ease payments for franchisees to stem coronavirus fallout
Fast-food chain Wendy’s Co said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant industry due to coronavirus-related outlet closures.
World stocks slip as U.S. jobs angst outweighs $2 trillion stimulus
Share markets across the world fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion U.S. stimulus package.
Pilots’ union criticises UK’s coronavirus job retention scheme
The union representing British pilots has described the government’s scheme to retain jobs through the coronavirus outbreak as confusing, lacking detail and taking too long to help those who are being laid off now.
Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals.
‘Apocalypse now’: Airlines turn to cargo for revenue as U.S. Senate approves aid package
Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support.
Asian stocks scratch gains but lose steam on U.S. job jitters
Asian stocks eked out gains on Thursday, but the week’s rally lost steam as investors seemed torn between relief at the agreement of a huge U.S. stimulus package and dread over a likely spike in jobless claims and coronavirus cases.
Newly jobless Americans worry about making ends meet
Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread of the coronavirus.
Airbus says reducing wing production for three weeks
Airbus SE is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday.
Factbox: Latest on the spread of the coronavirus around the world
Leaders of the Group of 20 major economies pledged to inject $5 trillion in fiscal spending into the global economy to blunt the economic impact of the coronavirus and “do whatever it takes to overcome the pandemic.”
U.S. Senate passes $2 trillion bill for ‘strange and evil’ coronavirus crisis
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
