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Trump drags GM, Ford into political war over ventilators to fight coronavirus

General Motors Co and Ford Motor Co got dragged into the political war over much-needed ventilators for coronavirus patients Friday as U.S. President Donald Trump lashed out at the automakers for moving too slowly just hours before GM said it would build medical equipment at an Indiana plant.

Markets

Delta CEO says gov’t aid ensures no industry lay-offs through September 30

Delta Air Lines Chief Executive Ed Bastian said payroll assistance funds from the government under a massive stimulus package approved on Friday ensure there will not be any involuntary furloughs or pay cuts in the U.S. airline industry through Sept. 30.

Markets

Cash-strapped airlines resist mounting coronavirus refund claims

European airlines waiting in line for coronavirus bailouts want to tap another source of interest-free loans: their customers.

Markets

A US recession? Probably. Depression? Only if the virus is untamed

A US recession may already be underway. Could it be worse?

Markets

S&P cuts Airbus outlook amid concern over deliveries, advances

Ratings agency Standard & Poors placed Airbus on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and advance payments from airlines battered by the coronavirus crisis.

Markets

Bank of America capital levels allow operational focus during crisis: CEO

Bank of America Corp is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory safeguards put in place after the financial crisis in 2008, Chief Executive Brian Moynihan said on Friday.

Markets

US consumer sentiment near 3.5-year low, spending tepid

US consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.

Markets

We need to act, ECB’s Lagarde tells feuding EU on coronavirus rescue: Sources

European Central Bank chief Christine Lagarde urged wrangling EU leaders to act more decisively to cushion the economic hit of the coronavirus pandemic, three sources familiar with the matter said on Friday, as the bloc feuds over how far to go.

Markets

Saudi Arabia says no talks on new oil deal as Moscow suggests larger OPEC+

Saudi Arabia said on Friday (Mar 27) it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.

Markets

From quills to qwerty: Lloyd’s underwriters adapt to home working

Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them.

Markets

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