In Dubai's Atlantis resort, at the head of a palm tree-shaped island, workers in face masks clean cushions, sofas and king-size beds in luxury suites that have largely been vacant since the coronavirus pandemic.
Five additional U.S. air carriers - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - plan to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.
Energy stocks are lower amid weakness in the broader benchmarks as well as oil prices as investors used concerns about rising covid cases as an opportunity to book profits.
Five additional U.S. airlines - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - have taken steps to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.
United Airlines has warned of booking declines and potential furloughs due to new travel restrictions, the Wall Street Journal reported on Tuesday, citing an internal presentation to the carrier's employees.
United Airlines has warned of booking declines and potential furloughs due to new travel restrictions, the Wall Street Journal reported on Tuesday, citing an internal presentation to the carrier's employees.
The world's top oil and gas companies locked in cheap borrowing rates to raise a record amount of debt in the second quarter of 2020 and boost cash reserves as a buffer against a collapse in revenues because of COVID-19.
Top British and European Union negotiators will dine at Number 10 Downing Street later on Tuesday, kicking off the latest round of Brexit talks that have all but stalled because of major differences over their future relationship.
Aircraft lessor Avolon on Tuesday said it had cancelled 27 Boeing 737 MAX planes since the end of March, in addition to the 75 it cancelled in the first three months of the year.
Diego Della Valle, chairman and chief executive of Italian luxury brand group Tod's, reiterated he had no intention of selling the company, often seen by analysts as a possible target for investors.
Palm oil demand in India, the world's top edible oil importer, is set to plunge this year as coronavirus lockdowns slash food service sector demand and households opt for alternatives at the supermarket.
Big and mid-cap firms globally are expected to slash capital spending by an average 12% this year as they reel from the fallout of lockdowns and other measures imposed to rein in the coronavirus pandemic, analysts' estimates show.
South African chemicals and fertiliser maker Omnia Holdings swung into a full-year profit in the year to end March, it said on Tuesday, after restructuring measures helped strengthen its balance sheet and boost earnings.
Omnia Holdings, a South African chemicals and fertiliser maker, on Tuesday reported a full-year profit with its chemicals division earnings benefiting from the company's restructuring process.
Brazilian airline Azul SA has laid off nearly 1,000 employees, or about 7% of its staff, as it contends with the economic fallout from measures to curb the coronavirus pandemic, a person with direct knowledge of the matter told Reuters on Monday.
Mexico's Aeromexico on Monday scheduled meetings with investors to discuss debt restructuring after becoming the third large Latin American carrier to file for Chapter 11 bankruptcy protection last week.
Indian airline Vistara is in talks with planemakers and leasing companies to delay taking delivery of some aircraft, the carrier's chief strategy officer said on Monday, as COVID-19 hits demand for air travel.
United Airlines said on Monday it was further expanding its international schedule in September by bringing back service between Chicago and Hong Kong and Los Angeles and Sydney, and adding new nonstop flights between Chicago and Tel Aviv.
China has approved its largest scrap metal import quotas since April, a government notice showed on Monday, after failing to clarify its new system for bringing in high-quality scrap material by the scheduled date.
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