China asks airlines to cut international flights, redirects some due to virus
China’s aviation regulator has asked airlines to cut international flights and ordered some Beijing ones to be rerouted, as the country grapples with a rising number of imported coronavirus cases, especially in the capital.
U.S. conglomerates see borrowing costs spike
Walt Disney Co , JPMorgan Chase & Co and United Parcel Service Inc were among seven major U.S. companies that accepted a big rise in their borrowing costs to issue bonds on Thursday, as the coronavirus outbreak roiled credit markets.
Asia shares seek calm, dollar rush causing stress
Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
Latin American airlines slash flights, salaries in response to coronavirus
Latin America’s major airlines sharply curtailed international flights on Thursday because of the coronavirus outbreak as Panama and Colombia imposed month-long travel bans and the largest carrier cut the salaries of 43,000 employees.
JLR to suspend production at UK manufacturing facilities from next week
Luxury automaker Jaguar Land Rover said late on Thursday it would temporarily suspend production at its UK manufacturing facilities from next week to curb the coronavirus’ spread.
Brazil coronavirus cases top 600, diplomatic spat with China bubbles
Confirmed coronavirus cases in Brazil surged past 600 on Thursday, more than doubling in two days, as a diplomatic spat over the disease’s origins between President Jair Bolsonaro’s son and the Chinese ambassador threatened relations with Brazil’s top …
Dollar rampage spurs FX interventions, talk of big G7 move
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world’s biggest central banks may be in the offing.
Carmaker Bentley to suspend production for four weeks over coronavirus
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce such plans.
Governments offer financial lifelines to airlines, at a price
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
For U.S. small restaurants, coronavirus impact is swift and brutal
On St. Patrick’s Day last year, Amy and Chris Hillyard marked the 30th anniversary of Farley’s, their pair of cafes in San Francisco and Oakland, California, with live bagpipes and noisy crowds.
