GM, Ford say employees have tested positive for Covid-19
General Motors Co and Ford Motor Co said on Tuesday they each have had one employee, both working at U.S. engineering centers, test positive for coronavirus.
Daimler suspends most of its production in Europe
Daimler , which owns the Mercedes-Benz luxury car brand, on Tuesday said it will suspend most of its production in Europe for two weeks in an effort to contain the spread of the new coronavirus.
Boeing shares plunge 22% to six-year low on S&P downgrade
Boeing Co shares tumbled as much as 22% to a more-than-six-year low on Tuesday following a rating downgrade that reflected its worsening cash flow due to the extended grounding of its 737 MAX jet and the blow from the coronavirus pandemic.
UK working with airlines to offer support: minister
British foreign minister Dominic Raab said on Tuesday the government was working with airlines to come up with the ways to support an industry badly hurt by travel restrictions put in place to combat a growing outbreak of coronavirus.
Brent crude sinks below $30/bbl as recession fears weigh
Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share.
U.S. Fed revives commercial paper facility to boost lending
The U.S. Federal Reserve said on Tuesday it would reinstate a funding facility used during the 2008 financial crisis to get credit directly to businesses and households as fears over a liquidity crunch due to the coronavirus have grown in recent days.
Swedish IKEA store finds 50,000 forgotten face masks, gives them to local hospital
Staff at an IKEA furniture store on Sweden’s west coast stumbled across a pile of around 50,000 face masks gathering dust in a warehouse and donated them to a nearby hospital this weekend.
Senate mulls second coronavirus emergency bill, Trump pushes for new $850 billion measure
The U.S. Senate on Tuesday was weighing a multibillion-dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic as the Trump administration pressed for $850 billion more.
Global airlines need up to $200 billion of state support: IATA
Global airlines need to up to $200 billion of government support to help them survive the coronavirus crisis, the International Air Transport Association said on Tuesday.
Wall St. dips again after biggest rout since 1987
Wall Street’s main indexes slipped on Tuesday, a day after recording their biggest tumble since the crash of 1987, as efforts to contain the rapidly spreading coronavirus wreak havoc on the global economy.
