Category: Business

Airbus SE (AIR.PA) is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday. The move affects wing plants in Broughton, U.K., and Bremen, Germany. Airbus, whose main industrial operations are shared between […]

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill. easyJet (EZJ.L), IAG-owned (ICAG.L) British Airways and Virgin Atlantic have no revenue coming in, forcing them to ground hundreds […]

Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread of the coronavirus. Without a paycheck indefinitely, Nelson is one of potentially tens of millions other Americans whose livelihoods are now in doubt because of the coronavirus pandemic. The number […]

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in U.S. history. The weekly jobless claims report […]

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment. After bitter negotiations, the deeply divided Senate came together and passed the bill by a 96-0 vote, which sent […]

A Wall Street rally led global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimuli to come. The legislation is intended to flood […]

As companies across the world try to figure out the economic ramifications of the coronavirus, the advertising business is suddenly in free fall. With the Olympic Games shelved until 2021 and almost all sports gone from the airwaves and stores, plus cinemas and restaurants suddenly closed, some of the biggest spending category advertisers are no […]