U.S. airlines face a bleak future of depressed traffic and volatile revenue well into 2021, as the global economy transitions from the acute damage of a public health catastrophe into a potentially long recession. Already a bumpy ride for the “Big Three” carriers, the journey promises to get worse this fall when billions of dollars in government assistance comes to […]
Read moreThe mood at Deutsche Bank AG’s headquarters in Frankfurt was tense. It was late March, and clients were drawing down credit lines at such a rapid pace that the bank’s treasury department was on alert. Liquidity never was an issue, according to a person familiar with the matter. But the episode, which also attracted the attention of the European Central […]
Read moreThe recent surge in Singapore stocks from a bottom at the end of March suggests investors are starting to price in a post-coronavirus recovery, according to analysts with Citigroup Inc. The Straits Times Index has climbed 17% since hitting its lowest level in more than a decade as recent economic indicators including exports and cargo volumes growth have begun to […]
Read moreNancy Pelosi on negotiations over small business relief program, criticism of Trump’s plan to reopen nation Speaker of the House Nancy Pelosi joins Chris Wallace on ‘Fox News Sunday.’ U.S. stock futures kicked off Sunday modestly lower as investors await additional coronavirus updates as more cities consider opening businesses in various phases as part of a broader plan to begin rebooting the […]
Read moreSign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. New York’s coronavirus outbreak may have begun “a descent” as cases and deaths slow. U.S. fatalities doubled in a week to 40,000. A deal on more aid for small businesses could pass Congress in […]
Read moreSign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. California reported 94 new deaths from the coronavirus outbreak Sunday, marking an increase after Governor Gavin Newsom said the state may not be close to loosening measures imposed to curb the spread. The state […]
Read moreData from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. A large number of small brands that had exited the fast-moving consumer goods (FMCG) space last year following a consumption slowdown have re-entered the market amid the ongoing nationwide lockdown. […]
Read moreCanada says it will apply extra scrutiny to foreign investment in companies that are related to public health or that supply critical goods during the pandemic. “There are vulnerable businesses that are going to be important to our recovery who are perhaps exposed to foreign purchases,” Prime Minister Justin Trudeau told reporters in Ottawa Sunday. “We will be strengthening our […]
Read morePresident Trump took a question about possible ramifications for China if it were clear that their mishandling of the coronavirus crisis affected other countries and turned it into an opportunity to raise the specter that China may have been “knowingly responsible” for the virus. During Saturday’s COVID-19 daily briefing, Trump was asked about China’s delinquency in telling “the rest of […]
Read moreTicketmaster said it is finalizing plans to refund for as many as 18,000 events that were postponed or canceled by the COVID-19 pandemic. Starting May 1, fans can request a refund for a 30-day period, according to TIcketmaster parent company Live Nation. The affected shows include L.A. area stadium dates by Taylor Swift, who has canceled all of her remaining […]
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