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Updated: 4 years 29 weeks ago
Glencore charters world largest tanker to store crude at sea: sources
Trading house Glencore has chartered the 3 million barrel crude carrier 'Europe' to store oil at sea for at least 6 months, trading sources on Tuesday.
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British Airways due to make pilot redundancies: union
British Airways is due to make an unspecified number of pilots redundant according to UK pilot union BALPA, as the airline seeks to reduce its costs to try survive the coronavirus crisis.
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Singapore Airlines to cut capacity further as coronavirus weighs
Singapore Airlines on Tuesday said it would cut capacity further as border controls are enforced across the world in a bid to curb the spread of the coronavirus epidemic.
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Russian airlines could lose $1.4 billion due to coronavirus: Ifax cites aviation agency
Russia's airlines could lose 100 billion roubles ($1.4 billion) due to the coronavirus outbreak and risk going bankrupt, the head of Russia's Federal Air Transport Agency, also known as Rosaviatsiya, told the Interfax news agency.
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Abu Dhabi's Etihad adds cargo flights as coronavirus batters passenger demand
Abu Dhabi's Etihad Airways said on Tuesday it was expanding its cargo network to markets where passenger operations have decreased due to the coronavirus epidemic.
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Coronavirus pushes China to show mercy rather than pursue companies in court
Fearful of causing further harm to an economy laid low by the coronavirus epidemic, authorities in China have become a lot more lenient dealing with entrepreneurs breaking the law.
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Audi's Hungarian plant to halt production on Monday
Volkswagen Group's Audi brand will halt output at its plant in Hungary on Monday, the factory said, after Volkswagen announced a suspension of production at plants in Italy, Portugal, Slovakia and Spain.
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Futures turn higher after another 'Black Monday' plunge
U.S. stock index futures turned higher in volatile trading on Tuesday, following Wall Street's steepest fall since 1987 in the previous session, as drastic efforts to contain the coronavirus pandemic paralyzed supply chains and crushed business sentiment.
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Lufthansa preparing 'air bridge' to supply Germany through epidemic
Germany's largest airline, Lufthansa , is working with the government to prepare an "air bridge" to ensure that necessary goods would continue to arrive in Germany during the coronavirus epidemic, the airline's boss said on Tuesday.
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Volkswagen starts shutting down production in Europe in face of coronavirus
Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to the spread of coronavirus, its CEO said on Tuesday.
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Surging borrowing costs, vanishing buyers: more pain ahead for European junk bonds
Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could be a lot more pain in store for firms needing to raise fresh money to redeem debt.
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Planemakers grapple with delivery delays as airline crisis grows
Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
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Airline bailouts? Cash handouts? Debate deepens on inoculating economy against coronavirus
The United States and other rich countries need to start spending their way out of the coronavirus crisis, White House advisers, the International Monetary Fund and business groups said Monday, amid growing market panic about the pandemic.
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Futures fall again after Wall Street's historic slump
U.S. stock index futures were lower on Tuesday following Wall Street's steepest fall since 1987 in the previous session, as rising business disruptions in an effort to contain the coronavirus pandemic fanned worries over its economic damage.
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Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday.
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Oil prices fall below $30-per-barrel on recession fears, Saudi pump war
Oil prices fell below $30 per barrel on Tuesday, extending losses after shedding a tenth of their value on Monday, as the coronavirus pandemic hit demand while Saudi Arabia raised output to a record as it battles with Russia for market share.
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Factbox: Global oil, gas producers slash spending after price rout
Oil and gas companies around the world are planning to slash spending in the face of a plunge in oil prices caused by the spread of the coronavirus and a push by Saudi Arabia and Russia to flood the market with supply. [O/R]
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Credit Suisse offers paid leave for workers needing to care for children, elderly
Credit Suisse will be giving employees needing to care for children and family members affected by the coronavirus outbreak a month of paid leave through mid-April, its chairman and CEO told staff in a memo late on Monday.
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Abu Dhabi's Etihad adding cargo flights on routes where passenger operations are down
Abu Dhabi's Etihad Airways said on Tuesday it was expanding its cargo network to markets where passenger operations have decreased due to the coronavirus epidemic.
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Musk told Tesla employees in memo to stay home if unwell: sources
Tesla Inc Chief Executive Officer Elon Musk sent employees an email on Monday telling them to stay at home if they felt ill or uncomfortable, two people who saw the memo told Reuters.
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