Boeing Co Chief Executive Dave Calhoun does not expect passenger traffic to reach even a quarter of its levels in September, creating the need for airlines to make "adjustments" as they weather the impact of the coronavirus pandemic.
Hyatt Hotels Corp said late Monday it would restructure roles and lay off employees across its operations worldwide, which would impact about 1,300 staff, amid a virtual halt in global travel to curb the spread of the coronavirus pandemic.
A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the long-delayed Keystone XL oil pipeline and threatened other oil and natural gas pipeline projects with delays.
Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday, as more people used its products while working from home due to the coronavirus crisis.
Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.
Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market.
Emirates, one of the world's biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning that a recovery in travel demand was at least 18 months away.
China's central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.
France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.
Emirates, one of the world's biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history.
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters.
U.S. President Donald Trump's administration is in talks with semiconductor companies about building chip factories in the United States, the Wall Street Journal reported on Sunday.
Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate, its chief executive said in a note to staff.
Coronavirus has brought travel and tourism to a standstill, and may irrevocably change the industry. Here's how and where we might start traveling again as we settle into a new vacation normal.
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.