Qantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic.
Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world's top producers.
U.S. electric vehicle maker Tesla Inc sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64% from March, according to the China Passenger Car Association (CPCA).
U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.
College sports will not resume until all students are back on campus, NCAA president Mark Emmert said Friday.
Pershing Square made six previous investments in this industry and has never lost money on any of them.
The inspector general also found the SBA and Treasury Department issued requirements for loan forgiveness that do not align with law.
A large share of American workers could earn more money while unemployed than from their prior jobs. Labor economists generally think the policy was appropriate given the situation.
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday.
McKinsey & Company | Rik Kirkland | Apr 21, 2020 The physical impact of climate change will lead to a major capital reallocation, says the head of BlackRock, the world’s largest asset manager. During a 40-year career, BlackRock CEO Larry Fink has learned that financiers seldom ignore risks to their businesses: “Once they recognize a
Toronto Centre | May 8, 2020 FinTech and SupTech: how to leap forward? The digital transformation of the global economy and the financial sector is accelerating. Cash use is declining, and digital currencies and channels are increasingly used. For millions of people, this digitization is transformative, and the COVID-19 crisis has accelerated this trend by
Tesla Inc's chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic.
Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla's headquarters and future programs from the state to Texas or Nevada.
Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies.