Winners and losers in Congress’s $2 trillion virus rescue plan
Days of negotiations between the Trump administration and Congress -- and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak -- has…
Desperate airlines switch passengers for cargo to stay alive
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones…
With airlines grounded, a pollution permit auction fails
Airlines pulled back from bidding in the European Union’s auction for permits covering greenhouse gas pollution, another indication that demand for energy is dropping rapidly.
US airline bailout to give loans and cash-for-equity aid
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give the government an option for an ownership stake,…
First passenger aircraft full of air cargo lands in Frankfurt
Loaded with around 30 tons of freight, a Lufthansa passenger aircraft landed in Frankfurt today at 2:14 pm after a flight time of 11 hours…
Senate virus stimulus deal drops airline carbon emissions limits
The bipartisan deal reached on the next coronavirus stimulus bill abandoned a last-ditch effort by House Speaker Nancy Pelosi (D-Calif.) to force U.S. airlines getting…
Botswana elephants win a reprieve as virus keeps hunters at home
Botswana’s controversial plan to resume elephant hunting has been largely thwarted by the global coronavirus pandemic, winning many of the 277 animals earmarked to be…
Airline bailout combines loans with cash-for-equity assistance
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the…
With airlines grounded, an auction for pollution permits fails
Airlines pulled back from bidding in the European Union’s auction for permits covering greenhouse gas pollution, another indication that demand for energy is dropping rapidly.
Gold in historic squeeze as virus snarls trade and spurs demand
An extraordinary squeeze in the gold market has forced the main U.S. exchange to take action as the global pandemic shuts down physical trading routes…
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