Honda will halt all North American production for six days
Honda Motor Co said Wednesday it is temporarily halting production in North America for six days because of the anticipated decline in auto sales due to the coronavirus outbreak and will reduce production by about 40,000 vehicles.
Emirates asks pilots and cabin crew to take unpaid leave
Emirates is asking pilots and cabin crew to take unpaid leave and rival Qatar Airways laid off about 200 staff in Doha this week as the coronavirus outbreak hammers demand for travel.
JPMorgan commits $50 million to businesses, people affected by coronavirus
JPMorgan Chase & Co said on Wednesday that it committed $50 million to funds and community groups that are providing food, support and medical supplies for people hurt by the coronavirus in the United States, Europe and Asia.
Blindsided by bear market, stock-pickers struggle to stay relevant
The carnage in stock markets is getting uglier by the day. Should you “buy”, “sell” or “hold” on tight?
Boeing leads Wall Street slump as corporate damage grows
Wall Street’s main indexes sank again on Wednesday, as growing signs of coronavirus damage to corporate America overshadowed a burst of optimism about sweeping official moves to protect the economy.
Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites – source
One of Noel Quinn’s first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.
EU underscores desire to settle aircraft subsidy issue with U.S
The European Union on Wednesday emphasized its desire to negotiate an end to a longstanding dispute with the United States over aircraft subsidies even as Washington raised duties on Airbus aircraft by 50%.
BAT says no material impact yet from COVID-19 outbreak
British American Tobacco , the world’s No.2 tobacco maker, said on Wednesday the coronavirus outbreak has not had any material impact on it as consumers continue to make purchases even in harder hit countries.
Investor Ackman tweets to Trump: Close down the country
Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks would “soar” if such restrictions were imposed.
Ryanair to ground most if not all flights from March 24
Ryanair expects to ground most if not all of its flights from March 24 except a very small number mostly between Britain and Ireland to maintain essential connectivity, the airline said on Wednesday.
