U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill set to soon pass the House of Representatives is not an airline bailout and that taxpayers will need to be compenstated for relief given to the companies badly hobbled by the global pandemic.
MILAN: Alitalia's administrator has asked Italy's government to raise to nearly 7,000 the number of its employees under a temporary lay-off scheme, with most of its aircraft standing idle during the coronavirus outbreak. The request for 2,900 more workers to join the scheme came on Thursday in a ......
SINGAPORE: Around 88,000 people will automatically benefit from a new income relief scheme introduced to tide self-employed workers over the current period of uncertainty, said the Ministry of Manpower (MOM) on Friday (Mar 27). Earlier on Friday, Prime Minister Lee Hsien Loong said the ...
Dallas Fed President Robert Kaplan on Friday said small businesses can expect to be able to borrow money backstopped by the Fed "very quickly" under a new program the U.S. central bank is readying to bolster firms hurt by the coronavirus epidemic.
Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at "maximum bearish" could signal a big rally ahead.
Nestle, the world's biggest food company, says it has made significant progress removing cocoa produced in protected forests in West Africa from its supply chain as pressure builds from consumers and governments for ethically sourced cocoa.
With fewer planes flying and more security and traffic control officers testing positive for the coronavirus, airports are closing terminals, concessions and checkpoints, even while trying to retain jobs with the hope of a post-crisis pickup.
Goldman Sachs and Morgan Stanley said on Friday they had received the final regulatory approvals to take majority stakes in their China securities joint ventures, as Beijing continues to open its financial sector to foreigners.
Rolls-Royce will significantly reduce all non-essential activity at its civil aerospace sites in Britain for one week starting from midnight on March 27, due to the coronavirus pandemic, the company said on Friday.
Shares in ProSiebenSat.1 Media rallied by 9per cent on Friday after the abrupt departure of Chief Executive Officer Max Conze ended a drama-filled tenure that unraveled after his deputy denounced a "soap opera" at the German broadcaster.
