US merchandise trade slumps to lowest in almost three years
U.S. exports and imports of goods slumped in March to the lowest level in almost three years as the coronavirus pandemic shut down economies across…
Lowly water heaters get ensnarled in cross-border Covid-19 fight
Bradford White Corp. is an American company that prides itself in making water heaters at plants in places like Niles, Michigan, and Rochester, New Hampshire.
SAS slashes 5,000 jobs in deepest cut at a European airline
Scandinavia’s biggest network airline, SAS AB, is eliminating as many as 5,000 jobs, marking the first permanent staff cuts by a major European carrier in…
Russia goes against the grain with wheat restrictions
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Germany prepares to take stake in Lufthansa in bailout
Deutsche Lufthansa AG, locked in tense negotiations over terms of a multibillion-euro state bailout, is considering court protection as a last resort should the sides…
Virgin Australia bondholders in talks with Hogan Lovells
International law firm Hogan Lovells is holding discussions with some bondholders of distressed airline carrier Virgin Australia, ahead of a first creditors meeting set for…
China calls US trade adviser Navarro ‘liar’ on hoarding claim
China’s foreign ministry denounced White House trade adviser Peter Navarro as a “liar,” in the latest volley between the two sides over the coronavirus outbreak.
ANA reports quarterly loss, scraps dividend with traffic halted
ANA Holdings Inc. reported a quarterly operating loss of 59 billion yen ($551 million) as it struggles with the near-total shutdown in global aviation to…
Malaysian palm oil exports to India seen hitting new record low
Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import…
JetBlue will require customers to cover their faces for travel
JetBlue Airways Corp. will require customers to wear face coverings during travel, a first for U.S. carriers in the age of the coronavirus pandemic.
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