EasyJet to cancel flights as coronavirus hits demand
British budget airline easyJet said on Friday it would cancel flights and cut costs across its business after the coronavirus outbreak hit demand for travel to Italy and other European markets.
Volkswagen reaches deal with consumer group over diesel scandal: court
Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker’s rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.
Coronavirus crash wipes $5 trillion off world stocks
Coronavirus panic sent world share markets skidding again on Friday, compounding their worst crash since the 2008 global financial crisis and pushing the week’s wipeout in value terms to $5 trillion.
Airlines at center of storm as coronavirus spreads
European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in Italy.
British Airways owner says earnings bets are off as coronavirus hits
British Airways-owner IAG said on Friday that coronavirus would hit its earnings this year but it wasn’t sure by how much, becoming the latest airline to warn about the impact of the rapidly evolving outbreak.
Malaysia’s AirAsia X defers A330neo deliveries as virus pressures frail finances
Malaysian long-haul budget airline AirAsia X said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet, as the coronavirus outbreak adds pressure on the loss-making carrier.
Oil prices on track for biggest weekly fall in four years
Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in four years as the global spread of the coronavirus stokes demand fears.
Powered by hydrogen, Hyundai’s trucks aim to conquer the Swiss Alps
Hyundai’s hydrogen-powered 18-tonne trucks are set to hit the roads in Switzerland next month as the South Korean automaker looks to establish a case for its zero-emissions technology in a low carbon world.
Tokyo Disneyland to close through mid-March on coronavirus concerns
Tokyo Disneyland will be closed from Saturday to March 15 due to concerns about coronavirus infections spreading in Japan, its operator said on Friday, leaving all of Walt Disney Co’s theme parks in Asia temporarily shut.
British Airways-owner IAG says coronavirus will hit earnings
British Airways-owner IAG said coronavirus would hit earnings this year but the rapidly evolving nature of the outbreak means it cannot say by how much.
