American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the US$10.55 billion it will receive in federal grants and loans should be "more than sufficient" to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question.
Ryanair is steeling for an airline price war that it expects to win once coronavirus restrictions are lifted and passengers flock back to tourist destinations, Chief Executive Michael O'Leary told Reuters on Wednesday.
The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a US$10 billion cloud computing contract to Microsoft over Amazon after several administration officials said their conversations were privileged "presidential communications".
The U.S. State Department, Treasury, and Department of Homeland Security Issues, along with the FBI, issued an advisory on Wednesday about North Korean cyber threats that called particular attention to banking and finance.
H&M, the world's second-biggest fashion retailer, said on Wednesday it had started producing protective aprons at a supplier and would deliver one million aprons to the Swedish healthcare system over the coming two weeks.
British fashion brand Barbour has turned over its production line to making protective gowns for frontline healthcare workers battling the coronavirus outbreak, reviving memories of its patriotic efforts in both world wars.
Global accounting and consulting company Deloitte said partners at its UK arm would have their pay cut by a fifth this year to protect jobs during the pandemic.
Proxy advisory ISS has backed Credit Suisse's proposals for its annual general meeting on April 30, recommending shareholders vote in favour of the group's pay proposals and approving the performance of its leadership.
Goldman Sachs Group Inc reported a 49per cent fall in quarterly profit on Wednesday, as the bank put aside nearly US$1 billion to meet future loan defaults and booked heavy losses on its debt and equity investments.
