Boeing calls for $60 billion lifeline for U.S. aerospace industry
Boeing Co on Tuesday called for a $60 billion lifeline for the struggling U.S. aerospace manufacturing industry, which faces huge losses from the coronavirus pandemic.
Category: Business
SoftBank Group’s market cap dips below domestic telco as scepticism grows
SoftBank Group Corp (9984.T) shares fell as much as 11.6% on Wednesday, with its market capitalization dipping below the value of its domestic telco, as
U.S. oil plunges to 18-year low as lockdowns trigger market meltdown
Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic. Oil futures
Unions urge Airbus to extend output freeze due to virus fears
French unions are urging Airbus (AIR.PA) to keep its French factories closed beyond March 23, when it plans to resume production after a four-day shutdown,
Markets tumble as scale of stimulus programs numbs investors
Global equities tumbled further on Wednesday, with bond and gold prices also sliding in an unusual tandem, as markets grappled with the scale of government
Coronavirus empties airlines’ cash drawers, knocks $157 billion off share values
Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to
Governments scramble to prop up airlines as virus forces more flight, job cuts
Australia and Taiwan joined governments offering financial aid to airlines, while authorities in Europe rushed on Wednesday to agree steps to rescue carriers which have