Oil war, virus plight force $13.3 billion in Saudi spending cuts
Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in oil prices and the coronavirus outbreak wreaked havoc on…
Among worst-hit airlines, investors bet who will fall first
Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.
Rolex shuts all plants and prepares for worst year ever
The Swiss watch industry has survived lickings before, but Rolex, Omega and Cartier now face a combination of economic punches that are putting them back…
Chinese port restricts ships from virus-hit nations for 14 days
The port of Fuzhou in eastern China is restricting vessels arriving from nine countries including the U.S. and Singapore in efforts to limit the spread…
Airline bailout stirs Delta feud with flight attendants union
A potential government bailout has become the latest flash point in Delta Air Lines Inc.’s longstanding battle with labor organizers trying to unionize the company’s…
Despite global crisis, Trump resists calls for tariff relief
Hardly a day goes by right now without business groups calling on the White House to suspend tariffs on Chinese goods in an effort to…
There aren’t enough containers to keep world trade flowing
A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse…
Airlines are no. 1 priority for virus relief, Trump says
The airline industry “would be the number one” priority for federal assistance in the wake of drops in travel because Covid-19, President Donald Trump said…
Delta to park half of fleet on $2 billion March sales drop
Delta Air Lines Inc. will park more than 600 planes, or about half its fleet, as it cuts flying capacity 70% amid collapsing travel demand…
Ackman sees Boeing’s survival hinging on US government bailout
Boeing Co.’s staggering decline is spurring doubts about how the planemaker -- symbol of U.S. industrial might -- will survive the coronavirus pandemic.
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