UK faces ‘massive shortage’ of ventilators – Swiss manufacturer
Britain faces a “massive shortage” of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday.
GM, Mercedes to furlough all workers in Brazil, suggesting production stop
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America’s main auto center will be heavily impacted by the coronavirus outbreak.
Government borrowing costs jump as virus-related support costs climb
Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus.
Brazil’s antitrust watchdog again approves Boeing-Embraer deal
Brazil’s antitrust watchdog on Wednesday dismissed allegations against a proposed takeover by Boeing Co of Embraer SA’s commercial plane division, maintaining its approval of the deal.
Exclusive: U.S. may give banks bonus points for low-income lending amid coronavirus crisis – source
U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the economic impact of the pandemic, an official within a banking agency told Reuter…
Delta parks 600 jets and scales back flights as revenue tanks
Delta Air Lines said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying by more than 70% until demand begins to recover from the coronavirus epidemic hit.
Audi says will temporarily suspend Mexican car production due to coronavirus
German carmaker Audi AG said on Wednesday that it will suspend production at its plant in Mexico’s Puebla state from March 23 through April 13 as the coronavirus hits global supply chains.
Textron Aviation furloughs thousands of U.S workers
Textron Aviation, a unit of Textron Inc , announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to the spreading coronavirus ripples through global aviation.
Last of Dow’s gains during Trump presidency disappear
As Wall Street extended its deep sell-off on Friday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.
S&P 500 earnings expected to decline 0.2% in first quarter from year earlier
S&P 500 companies’ earnings are expected to decline in the first quarter from the year-earlier period, reversing a forecast for profit gains, according to IBES data from Refinitiv, as companies face the toll from the coronavirus outbreak.
