Markets

The United States is expected to increase U.S. tariffs on Airbus planes by 50per cent on Wednesday, U.S. and European officials say, dealing a further blow to U.S. airlines already hammered by sharp drops in travel due to the coronavirus pandemic.

Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.

Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.

WASHINGTON: In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system. Many other investments, such as stocks, annuities or mutual funds, are not ...

H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak.

HSBC said on Tuesday it has appointed Noel Quinn as its chief executive officer, effective immediately.

MOSCOW: One of Russia's top bankers wants online alcohol sales legalised to help people who are self-isolating because of the coronavirus. German Gref, the chief executive of Sberbank, has started a mandatory two weeks in self-isolation after returning from abroad. But during a videoconference ...

Some European telecoms operators reported connectivity problems on Tuesday as millions of people logged on for work at home due to the coronavirus pandemic, driving up data traffic by as much as 30per cent and testing networks.

Daimler , which owns the Mercedes-Benz luxury car brand, on Tuesday said it will suspend most of its production in Europe for two weeks in an effort to contain the spread of the new coronavirus.

Nissan has ceased production at Britain's biggest car factory due to the impact from coronavirus as it assesses supply chain disruption and the drop in market demand, the Japanese carmaker said on Tuesday.