Southwest Airline sees hit to first-quarter revenue from coronavirus outbreak
Southwest Airlines Co on Thursday warned its first-quarter operating revenue would take a hit of up to $300 million from the coronavirus outbreak, prompting it to cut its quarterly revenue outlook.
OPEC agrees large oil output cut amid virus outbreak if Russia joins: sources
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said.
Europe stocks, U.S. futures sink as coronavirus quashes rebound
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
Oil rises as OPEC backs deeper supply cuts
Oil rose on Thursday after major producers agreed on deeper output cuts to bolster prices as worries intensify over the fast-spreading coronavirus outbreak and its impact on the global economy and crude consumption.
UK ready to support regional airports after Flybe collapse: minister
Britain “stands ready” to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament.
PetroChina suspends some gas contracts as coronavirus hits demand: sources
PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.
Facebook closes Seattle office after contractor catches coronavirus
Facebook Inc said on Thursday a contractor at its Seattle office has been diagnosed with the coronavirus and that it would shut the location through March 9.
Oil falls, OPEC seeks Russian backing for deeper supply cuts
Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.
ProSieben’s $500 million dating bet a turn-off for investors
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying U.S. dating app developer Meet Group Inc , but the deal was a turn-off for investors who sent the German broadcaster’s shares down as much as 10% to a decade low.
OPEC seen backing big oil output cut, but awaits Russian support
OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move…
