Canada's loans for large companies that need help during the coronavirus outbreak will have no upper limit but they will include restrictions aimed at helping taxpayers share in the upside of the borrower's potential recovery, the finance minister said on Wednesday.
OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.
Emirates, one of the world's biggest long-haul airlines, is in talks with European planemaker Airbus over whether to take delivery of its last remaining A380 superjumbos on order, according to two industry sources.
Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift recovery from the coronavirus crisis and the fact its CEO has committed to a pay cut for just one year.
Shares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq.
JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in travel that has been crushed by the coronavirus pandemic.
Britain said on Wednesday it saw no need for new customs infrastructure with Northern Ireland as it unveiled its proposals for how the border with the province would work next year when a status quo transition period ends with the EU.
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Chilean miner SQM, the world's No. 2 producer of lithium, said late on Tuesday profits plunged by nearly half in the first quarter of 2020 as prices for the battery metal continued to freefall amid the spread of the novel coronavirus.
Shares in Luckin Coffee Inc fell 35% in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq.
JetBlue Airways Corp said on Wednesday it will continue blocking seats on its aircraft through at least July 6, while United Airlines Holdings Inc said it had teamed up with Clorox Co and Cleveland Clinic medical experts to advise on new cleaning and safety protocols.
Chilean miner SQM, the world's No. 2 producer of lithium, said profits plunged by nearly half in the first quarter of 2020 as prices for the battery metal continued to freefall amid the spread of the coronavirus.
A 2019 move by the Dutch government to buy a 14% stake in Air France-KLM was not in accordance with the country's laws, the Netherlands' Court of Audit ruled on Wednesday.
Lessors including China's BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit guarantee from Norway's government.
A 2019 move by the Dutch government to buy a 14% stake in Air France-KLM was not in accordance with the country's laws, the Netherlands' Court of Audit ruled on Wednesday.
Airline PT Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500 million Islamic bonds that are coming due on June 3, the company said in a statement late on Tuesday.
Budget airline Norwegian Air has secured a long-sought credit guarantee from Norway's government after completing a debt restructuring, it said on Wednesday, allowing it to survive in a slimmed-down version.
Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the coronavirus.
Britain's FTSE 100 index is seen opening 6 points lower on Wednesday, according to financial bookmakers with futures down 0.6% ahead of cash markets open.