Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to help protect staff against the coronavirus pandemic and adjust to a slump in demand, the Italian-American carmaker said on Monday.
Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes.
Ryanair said on Monday it would ground most of its aircraft in Europe over the next seven to 10 days, expects to cut seat capacity by 80per cent for the next two months, and could even ground its entire fleet, given travel restrictions due to the coronavirus pandemic.
Argentina's ambitious target to strike a deal with bondholders to revamp almost US$70 billion in debts by the end of March was never going to be easy. Now a coronavirus outbreak and crashing bond markets threaten to complicate things further.
Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed U.S. interest rates in an emergency move and its major peers offered cheap U.S. dollars in a bid to prevent global lending markets seizing up.
SAN FRANCISCO: Google sister company Verily launched a website late on Sunday that invites adults in northern California to answer questions about their recent health and travel that could result in their getting a free coronavirus test. U.S. President Donald Trump had thanked Google on Friday for ...
KUALA LUMPUR: A fire and explosion on Sunday night (Mar 15) killed five people at a refining and petrochemicals complex in Malaysia's southern state of Johor. Another person sustained 70 per cent burns, Pauzan Ahmad, an official with the Johor state fire and rescue department, said on Monday ...
The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would cut capacity drastically to try to survive the coronavirus outbreak which has stopped people traveling around the world.
Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus.
EasyJet , Europe's fourth biggest airline, said it could ground the majority of its fleet as people stopped traveling due to coronavirus, and called for coordinated government backing to help the aviation industry survive.
