Ban on European travel to U.S. will batter airlines, already roiled by coronavirus
The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said.
Kuroda says BOJ ready to act to support economy, after meeting PM Abe
Bank of Japan Governor Haruhiko Kuroda said the central bank was ready to respond with further steps to support the economy, after a meeting with Prime Minister Shinzo Abe on Thursday.
Financial markets reel, stocks plunge as Trump stuns with Europe travel ban
Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to reduce the impact of the coronavirus, threatening more disruptions to trade and the world eco…
China airlines report $3 billion loss in Feb as virus erodes travel demand: regulator
Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday.
Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break
Washington state’s House of Representatives passed a measure on Wednesday night that removes a key tax break for Boeing Co and other aerospace firms, in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute o…
Oil slumps as U.S. bans travel from Europe over pandemic
Oil prices sank again on Thursday along with the broader market after the United States banned travel from Europe following a World Health Organization declaration that the coronavirus outbreak is now a pandemic.
Travel curbs on European travelers to U.S. to hit airlines: trade body
A United States travel ban on European visitors will hit U.S. airlines, their employees, and travelers “extremely hard”, trade group Airlines for America said on Wednesday.
Bombardier CEO Alain Bellemare to step down
Canada’s Bombardier Inc said late Wednesday Chief Executive Officer Alain Bellemare would step down and be replaced by former company executive and Hydro-Quebec CEO Eric Martel.
U.S. will loan $50 billion to small businesses, defer taxes to fight coronavirus, Trump says
The United States will give individuals, and small and mid-sized businesses a three-month tax holiday to try to fight the economic impact of the novel coronavirus, President Donald Trump said Wednesday night.
Rio Tinto to pay ex-CEO’s deferred bonus with interest
Rio Tinto Ltd will pay out part of a delayed bonus to former Chief Executive Sam Walsh after a dispute resolution process found that the payments should not be held up, both parties said on Thursday.
