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March 31, 2020

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‘Mental vacation’ pictures relieve stress. Here’s what they look like

CNBC
by CNBC03
CNBC – For more and to sign up click here With travel ground to a halt and millions of people confined to their homes, global spirits could use some uplifting. From the smell of freshly-cut grass to the sight of a sunrise peeking above a tropical horizon, nothing can replace......
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Reuters - Business

Airlines ground flights, count mounting costs of the coronavirus shock

Reuters
by Reuters010
(Reuters) – Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts. Below is a list of how the world’s biggest airlines have responded (in alphabetical order): AIR FRANCE-KLM (AIRF.PA) Air France-KLM said on March 16 it......
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Reuters - Business

Finnish health boss questions WHO coronavirus testing advice

Reuters
by Reuters010
HELSINKI (Reuters) – Finland’s national health authority questioned on Friday the World Health Organization’s call on countries to test as many patients as possible for coronavirus, after the country ran out of testing capacity this week. Unlike many other countries, Finland is limiting coronavirus tests to the most vulnerable groups......
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Reuters - Business

Coronavirus empties airlines’ cash drawers, knocks $157 billion off share values

Reuters
by Reuters010
(Reuters) – Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms. Flight attendants stand at the end of rows of......
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CNBC Business

European Union will close borders to slow pandemic

CNBC
by CNBC021
CNBC – For more and to sign up click here European Union member nations agreed Tuesday to close the EU’s external borders to most people from other countries for 30 days in a dramatic new effort to slow the spread of the coronavirus pandemic. German Chancellor Angela Merkel announced the planned......
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Reuters - Business

Factbox: Airlines count mounting costs of the coronavirus shock

Reuters
by Reuters012
(Reuters) – Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have scrapped flights and ditched financial forecasts. An Air France plane prepares to land at Nice International airport in Nice as Air France KLM will park its biggest airliners and......
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Reuters - Business

Factbox: Airlines suspend flights due to coronavirus outbreak

Reuters
by Reuters013
(Reuters) – Airlines across the globe have suspended flights or modified services in response to the coronavirus outbreak. Below are details (in alphabetical order): AIRLINES THAT HAVE CANCELED ALL FLIGHTS TO MAINLAND CHINA – American Airlines (AAL.O) extended the suspension of China and Hong Kong flights through April 24 –......
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Reuters - Business

Airlines suspend flights due to coronavirus outbreak

Reuters
by Reuters015
(Reuters) – Airlines across the globe have suspended flights or modified services in response to the coronavirus outbreak. FILE PHOTO: A plane approaching Leeds Bradford airport passes in front of the sun during the second test cricket match between England and New Zealand at Headingley cricket ground in Leeds May......
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Reuters - Business

Airlines suspend flights due to coronavirus outbreak

Reuters
by Reuters030
(Reuters) – Airlines have been suspending flights or modifying services in response to the coronavirus outbreak. FILE PHOTO: An Air China plane flies past workers labouring at the construction site of an exhibition centre in Chengdu, Sichuan province, China February 26, 2020. China Daily via REUTERS Below are details (in......
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Reuters - Business

Coronavirus hit to airlines could top $100 billion, Flybe collapses

Reuters
by Reuters011
LONDON/SINGAPORE (Reuters) – The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world. The warning from the......
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Reuters - Business

Factbox: Airlines suspend flights due to coronavirus outbreak

Reuters
by Reuters019
FILE PHOTO: An Air China plane flies past workers labouring at the construction site of an exhibition centre in Chengdu, Sichuan province, China February 26, 2020. China Daily via REUTERS (Reuters) – Airlines have been suspending flights or modifying services in response to the coronavirus outbreak. Below are details (in......
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Reuters - Business

Advent/Cinven-led consortium to spend ‘billions’ on expanding Thyssenkrupp Elevator

Reuters
by Reuters027
FILE PHOTO: Thyssenkrupp’s logo is seen in the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo (This March 1 story has been refiled to show that the consortium is led by Advent and Cinven) BERLIN (Reuters) – The consortium that won the bid to acquire Thyssenkrupp’s......
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Reuters - Business

Nokia replaces CEO with Fortum boss Lundmark to revive 5G business

Reuters
by Reuters015
HELSINKI (Reuters) – Nokia has rehired former executive Pekka Lundmark from energy group Fortum to lead the Finnish telecoms company’s efforts to revive its faltering 5G business. Nokia’s new President and CEO Pekka Lundmark shakes hands with resigning President and CEO Rajeev Suri (R) after a news conference at the......
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Reuters - Business

Incoming Nokia CEO says too early to comment on strategic changes

Reuters
by Reuters019
FILE PHOTO: Pekka Lundmark, former President and CEO of Finnish utility company Fortum, poses after a news conference announcing that Fortum is set to gain control of Germany’s Uniper by acquiring the stakes of activist funds Elliott and Knight Vinke in Duesseldorf, Germany, October 8, 2019. REUTERS/Thilo Schmuelgen HELSINKI (Reuters)......
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Reuters - Business

Nokia appoints Fortum CEO Lundmark to replace Suri from September

Reuters
by Reuters012
HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. FILE PHOTO: Pekka Lundmark, President and CEO of Finnish utility......
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Reuters - Business

Advent-led consortium to spend ‘billions’ on expanding Thyssenkrupp Elevator

Reuters
by Reuters023
FILE PHOTO: Thyssenkrupp’s logo is seen in the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo BERLIN (Reuters) – The consortium that won the bid to acquire Thyssenkrupp’s elevators division wants to spend billions of euros on expanding the business, a manager at one of three......
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