European airlines plead for rescue package as coronavirus crisis intensifies
European airlines on Tuesday called on governments to draw up a package of measures including deferring taxes to rescue the struggling industry as the crisis caused by the coronavirus pandemic deepens.
Factbox: Airlines count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have scrapped flights and ditched financial forecasts.
Wall Street set for slight bounce after ‘Black Monday’ carnage
Wall Street’s main indexes looked set for a bounce on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly-spreading coronavirus upended parts of the economy and dampened business sentiment.
Southwest suspends beverage, snack service on short flights
(This March 16 story corrects spelling error in headline and first paragraph)
Facebook to award $100 million in grants, ad credits to small businesses
Facebook Inc said Tuesday it plans to award $100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus outbreak.
Global airlines running out of cash, need government support: IATA
Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on Tuesday.
Senate weighs emergency spending amid outbreak; administration urges more
The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering some economic relief from the coronavirus outbreak as the Trump administration pressed for billions more.
Ventas sees slowdown in move-ins to senior centers amid coronavirus pandemic
Ventas Inc said on Tuesday it was experiencing a slowdown in move-ins at its senior housing business and withdrew its 2020 financial forecasts, as the coronavirus pandemic raises the risk of tenants moving out.
Fiat Chrysler’s only open Italian plant running at reduced capacity
Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker’s only open assembly plant, having halted operations at most of its European factories, a spokesman said on Tuesday.
Oil near $30 as recession fears, pump war weigh
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
