WASHINGTON: U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman Sachs boss, Hank Paulson, played over a decade ago. Mnuchin has closely followed the ...
As carmakers grapple with growing signs of coronavirus damage, vehicle production could be reduced by about 1.44 million in Europe, North America and Latin America, according to an estimate by information provider IHS Markit.
The Farnborough Airshow - this year's largest aerospace expo and a showcase for tens of billions of dollars of business deals - has become the latest major event to be canceled because of the coronavirus crisis, organizers said on Friday.
Britain's easyJet said on Friday it would ground most of its flights, while pilots at rival British Airways will be required to take two weeks' unpaid leave in both April and May as the battered aviation sector frantically seeks to cut costs.
Britain's government will pay businesses hit by the coronavirus outbreak not to lay off workers, as part of what finance minister Rishi Sunak said would be an unprecedented economic intervention.
German carmaker Volkswagen said on Friday it was joining other manufacturers round the world to explore using 3D printing to make hospital ventilators to combat the coronavirus.
Vehicle maker CNH Industrial said on Friday it was suspending most of its European assembly operations for two weeks due to the coronavirus outbreak, citing supply chain constraints.
British low-cost airline easyJet said it would ground most of its aircraft from Tuesday in response to travel restrictions aimed to prevent the spread of the coronavirus.
SINGAPORE: Retailers and food and beverage (F&B) outlets should ensure there is enough space in between customers lining up in queues, encourage them to use self-checkouts and limit the number of shoppers within stores. These are some of the new safe distancing measures announced on Friday (Mar ...
AT&T Inc withdrew plans to repurchase US$4 billion in common stock as it was unable to predict the impact of the coronavirus outbreak on its business, the company said on Friday in a regulatory filing.
