Aramco to cut capital spending over coronavirus; 2019 profits plunge
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company.
Factbox: Aramco 2019 profit drops, a week after shares fell below IPO
Saudi Arabia’s state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts’ expectations just three months after selling shares to the public in a record-setting IPO.
Israel to use anti-terror tech to counter coronavirus ‘invisible enemy’
Israel plans to use anti-terrorism tracking technology and a partial shutdown of its economy to minimize the risk of coronavirus transmission, Prime Minister Benjamin Netanyahu said on Saturday.
American Airlines cutting international flights by 75% amid demand collapse
American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic.
American Airlines to suspend nearly all long-haul international flights starting March 16
American Airlines Group Inc on Saturday said it will implement a phased suspension of nearly all long-haul international flights starting March 16, amid reduced demand and travel restrictions due to the ongoing coronavirus outbreak.
U.S. airlines start cutting flights due to UK, Ireland restrictions
United Airlines Co said late Saturday it would begin cutting flights to the United Kingdom after Washington expanded travel restrictions to Britain and Ireland, and Southwest Airlines moved toward flight cuts as the coronavirus outbreak sapped demand…
Apple, some U.S. retailers close stores to contain virus
Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission, a move that was followed by several U.S. retailers on Saturday.
U.S. airlines prepare new flight cuts after new UK, Ireland restrictions
Delta Air Lines plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was moving toward its first flight cuts as the spreading coronavirus saps demand.
UK wants more ventilators, hospital beds as coronavirus spreads
Britain told manufacturers to ramp up the country’s production of ventilators and ordered private hospitals to prepare for an overspill of patients from the public health service as the death toll from coronavirus grew on Saturday.
Apple to close retail stores worldwide, except Greater China, Verizon to close some U.S. stores
Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission.
