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Britain continuing talks over support for airlines: pilots union

Britain is continuing talks with the aviation industry about how best to support the sector and reports that the government will not provide financial backing for airlines are misleading, the British Airline Pilots Association (BALPA) said on Wednesday.



5 years ago

U.S. companies, labs rush to produce blood test for coronavirus immunity

As the United States works overtime to screen thousands for the novel coronavirus, a new blood test offers the chance to find out who may have immunity - a potential game changer in the battle to contain infections and get the economy back on track.



5 years ago

Target withdraws forecasts, curbs spending to meet virus-related demand

Target Corp on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak.



5 years ago

Bernanke: Coronavirus disruptions 'much closer to a major snowstorm' than the Great Depression

"If we don't get the public health right," no Fed monetary policy or Washington fiscal package is going to work, Bernanke added.

5 years ago

Nike shares rise as Wall Street lauds recovery in China sales

Nike Inc shares rose 8% on Wednesday after the sportswear maker's impressive recovery in China sales offered hope that it was prepared to cope with the financial fallout of the coronavirus pandemic in other markets.



5 years ago

U.S. Senate coronavirus bill to help airlines with grants: CNBC

U.S. airlines would receive direct grants and would not be able to lay off employees for a set time under the coronavirus relief legislation agreed to by the U.S. Senate on Wednesday, according to a CNBC report.



5 years ago

Wall Street gains as Washington reaches deal on $2 trillion aid

Wall Street on Wednesday extended its massive bounce from the previous session as Washington reached a deal for a $2 trillion stimulus package to help businesses and millions of Americans hit by the economic fallout of the coronavirus pandemic.



5 years ago

Occidental to add three of Icahn's associates to board

Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn's associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.



5 years ago

Stocks rebound grinds past 10% after $2 trillion U.S. stimulus boost

A breakneck rebound in world stocks made it past the 10% mark on Wednesday before more global coronavirus warnings and fresh turbulence in commodity markets saw things grind to a halt.



5 years ago

U.S. SEC extends conditional relief for public companies hit by coronavirus

The U.S. Securities and Exchange Commission (SEC) said on Wednesday it would extend its prior conditional regulatory relief from disclosure requirements for public companies affected by the coronavirus.



5 years ago

IATA says air freight traffic fell around 10% in February

Figures to be published next week will show global air freight traffic fell around 10% in February, putting it on course for a 15-20% drop for the year as a whole, an official at the International Air Transport Association said on Wednesday.



5 years ago

Coronavirus exposes Uber, Lyft drivers' lack of safety net

As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.



5 years ago

India's huge outsourcing industry struggles with work-from-home scenario

As the coronavirus pandemic pushes India into a lockdown, the call centers and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans.



5 years ago

Johnson says UK doing everything it can to help aviation industry

The British government has not washed its hands of any sector and is doing everything it can to help the aviation industry through the coronavirus crisis, Prime Minister Boris Johnson said on Wednesday.



5 years ago

Coronavirus bill boosts unemployment benefits, covers gig workers

New coronavirus relief legislation would greatly expand benefits for unemployed workers, and extend payments to previously ineligible groups like gig workers.

5 years ago