Airline SAS sees double-digit percentage fall in bookings
Airline SAS has seen a double-digit percentage fall in bookings due to the coronavirus outbreak, its chief executive told Danish daily Berlingske in an interview on Thursday.
JPMorgan to ask New York staff to work from home to stem virus spread: Bloomberg News
JPMorgan Chase & Co is planning to ask New York-area employees to work from home to stem the spread of the coronavirus, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-03-12/jpmorgan-tells-new-york-employees-to-work-from-home-due-to-virus on Thursday.
U.S. weekly jobless claims unexpectedly fall
The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and se…
U.S. lawmakers seek to curb Huawei’s access to U.S. banks: document
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions …
United Airlines borrows $2 billion as coronavirus slams industry
United Airlines said on Thursday it had borrowed $2 billion to cope with an unprecedented disruption to the travel industry as the coronavirus pandemic leads to widescale flight cancellations and global travel bans.
Oil falls more than 5% after Trump surprises with travel ban
Oil prices fell more than 5% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe, in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandem…
Stocks plunge into bear market as Trump’s Europe travel ban adds to economic headwinds
Global stocks plunged into a bear market and oil slumped on Thursday after U.S. President Donald Trump banned travel from Europe to stem the spread of coronavirus, threatening more disruption to the world economy.
Italian businesses count heavy cost of coronavirus lockdown
Even if Italy’s draconian measures to stop the spread of coronavirus prove successful, they will leave an economy in tatters, with small and medium-sized businesses the hardest hit.
Oil falls 7% as Trump surprises with travel ban
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Blackstone says no blanket policy to tap credit lines
Private equity firm Blackstone Group Inc does not have a sweeping directive in place to encourage companies in its portfolio to draw down credit lines in a bid to ride out the coronavirus pandemic, the company said in a statement.
