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Reuters - Business

S&P cuts Airbus outlook amid concern over deliveries, advances

Reuters
PARIS (Reuters) – Ratings agency Standard & Poors placed Airbus (AIR.PA) on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and advance payments from airlines battered by the coronavirus crisis. FILE PHOTO: The logo of Airbus is pictured at the aircraft......
Reuters - Business

European shares fall as investors take stock of spreading virus

Reuters
LONDON (Reuters) – European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. FILE PHOTO: A general view shows the German share prize......
CNBC Business

Why coronavirus deaths are higher in Italy, Spain than in China

CNBC
CNBC – For more and to sign up click here A medical worker in protective gear tends to a patient on March 24, 2020 at the new COVID 3 level intensive care unit for coronavirus COVID-19 cases at the Casal Palocco hospital near Rome, during the country’s lockdown aimed at......
Reuters - Business

European shares fall as investors take stock of spreading virus

Reuters
LONDON (Reuters) – European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. FILE PHOTO: A general view shows the German share prize......
CNBC Business

Outbreak boosts jobless claims to record, US cases post steep rise

CNBC
CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 480,446 Global deaths:......
New York Post

Cops arrest group that planned orgy amid coronavirus lockdown in Spain

NYPost
New York Post – For more and to sign up click here Undercover cops in coronavirus-battered Spain have rounded up eight people accused of violating the lockdown by organizing a drug-fueled orgy in Barcelona, according to a report. Over 3,600 people have died in Spain from COVID-19, but that apparently......
CNBC Business

Nine EU countries say it’s time for corona bonds as virus deaths rise

CNBC
CNBC – For more and to sign up click here Chancellor of Germany Angela Merkel and European Council President Charles Michel pictured during the second day of an extraordinary EU summit meeting on the European Budget 2021-2027, Friday 21 February 2020. Photonews Pressure is building up in Europe to come......
CNBC Business

Coronavirus deaths slow in Italy, trade unions vow to go on strike

CNBC
CNBC – For more and to sign up click here A priest wearing a face mask checks a book of funeral rites as he gives the last blessing to a deceased person, by a coffin during a funeral ceremony outside the cemetery of Bolgare, Lombardy, on March 23, 2020 during......
Reuters - Business

Airlines ground flights, count mounting costs of the coronavirus shock

Reuters
(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......
Reuters - Business

Western supply chains buckle as coronavirus lockdowns spread

Reuters
LONDON/MADRID/LOS ANGELES (Reuters) – Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy. FILE PHOTO: A truck driver waits for his temperature......
Reuters - Business

Airbus adds 15 billion euro credit line, scraps dividend

Reuters
PARIS (Reuters) – Airbus (AIR.PA) boosted its liquidity with a 15 billion euro ($16 billion) expanded credit facility on Monday while suspending its 2020 outlook in response to the coronavirus crisis that has grounded much of the global airlines fleet. FILE PHOTO: An Airbus A330neo on its final assembly line......
New York Post

Coronavirus patients lie on floor at overrun Madrid hospital: report

NYPost
New York Post – For more and to sign up click here Chilling scenes have emerged from hospitals in Madrid, Spain, that have been overrun by coronavirus patients — showing some sprawled out over the floor. The Severo Ochoa de Leganes Hospital has been particularly hard hit by the onslaught......
Reuters - Business

Rout resumes as more nations self-isolate against virus

Reuters
LONDON/SYDNEY/HONG KONG (Reuters) – Financial markets around the world took another hammering on Monday as a rising tide of national coronavirus lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession. FILE PHOTO – A trader works at Frankfurt’s stock exchange in......
Reuters - Business

Airbus signs credit facility for 15 billion euros, withdraws 2020 guidance

Reuters
FILE PHOTO: An Airbus A330neo on its final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Planemaker Airbus (AIR.PA) announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the......
Reuters - Business

Netflix to slash traffic across Europe to relieve virus strain on internet providers

Reuters
(Reuters) – Netflix Inc (NFLX.O) said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government “shelter in place” orders aimed at slowing the coronavirus outbreak. The streaming giant, which has already deployed......
Reuters - Business

Volkswagen CEO warns factory closures may drag on for weeks

Reuters
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than......
Reuters - Business

Latest on the spread of the coronavirus around the world

Reuters
(Reuters) – As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * More than 274,800 people......
Reuters - Business

Volkswagen to shut some factories for more than two weeks: CEO

Reuters
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – German carmaker Volkswagen AG (VOWG_p.DE) said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over......
Reuters - Business

Factbox: Latest on the spread of the coronavirus around the world

Reuters
(Reuters) – As cases ballooned in Europe, the new epicenter of the coronavirus, several countries imposed new restrictions to try to curb the spread. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * More than 274,800 people have been infected......

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