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American Airlines and JetBlue Airways said on Thursday they had agreed a strategic partnership to boost flying options in New York and Boston and create what executives called a "growth engine" to recover from the coronavirus pandemic.

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OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal OPEC research seen by Reuters.

South African retailer TFG Limited priced its 3.95 billion rand ($237 million) rights issue at a 40.6% discount on Thursday as it pressed ahead with plans to reduce debt to cope with the coronavirus crisis.

El Al Israel Airlines on Thursday extended its suspension of flights to the end of August and said it reached cost-cutting agreements with the country's main labour union that will facilitate a government bailout.

South Africa's government has committed to secure funds for the overhaul of struggling state-owned South African Airways (SAA), the public enterprises and finance ministries said in a letter to the airline's administrators seen by Reuters.

South Africa's government commits to mobilising funding for the short, medium and long-term requirements of South African Airways (SAA), the public enterprises and finance ministries told the airline's administrators in a letter seen by Reuters on Thursday.

The U.S. Customs and Border Protection (CBP) has enforced a detention order on subsidiaries of the world's largest medical glove maker Top Glove Corp Bhd, an action intended to halt importation of goods from companies suspected of using forced labour.

Seven Turkish security personnel were killed when a reconnaissance plane crashed in eastern Van province, state-owned Anadolu news agency quoted the interior minister as saying on Thursday.

American Airlines said on Wednesday it is sending 25,000 notices of potential furloughs to frontline workers and warned that demand for air travel is slowing again as COVID-19 cases increase and states re-establish quarantine restrictions.

American Airlines is sending 25,000 notices of potential furloughs to frontline workers, according to a memo released on Wednesday, preparing employees for job cuts in the fall as the coronavirus pandemic forces airlines globally to shrink.

Argentina does not plan to increase grains export taxes despite the government's need for revenue as the coronavirus pushes the country into a deep recession this year, Agriculture Minister Luis Basterra told Reuters on Wednesday.

China's U.S. farm product buying spree continued on Wednesday, traders said, with private importers in the Asian nation booking more U.S. soybeans as the end of Brazil's export season approached.

Beyond Meat Inc said on Wednesday it will sell plant-based burgers and sausages at a Brazilian high-end supermarket chain, entering the country about two weeks after launching in mainland China's retail market through Alibaba Group's Freshippo markets.

J.C. Penney Co Inc said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis.

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Brazilian meat companies are poised to increase production and exports this year as sales to China continue to exceed expectations and the COVID-19 pandemic has failed to deter local food processors, according to ABPA, a lobby group representing pork and chicken suppliers.

South African retailer Truworths International Limited is negotiating fresh funding for Office, its British footwear business as part of measures to secure the unit's viability, the South African retailer said on Wednesday.

Portugal's flag carrier TAP is unlikely to succeed alone and must be open to consolidation with other airlines in the medium term, the country's infrastructure minister said in an interview with Reuters on Wednesday.

Food processor J.M. Smucker has started to sell a coffee brand that allows consumers to have information about where it was produced and, if they wish, contribute financially to programs in the grower's community, the company said on Wednesday.