Airbus is drawing up plans for a restructuring involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said.
More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering American ranchers.
Global grains trader Archer Daniels Midland Co remains optimistic that China will meet its Phase 1 trade deal farm product purchase commitments despite the slow pace of buying so far and recent criticism of China by U.S. President Donald Trump.
Grains flow improved on Argentina's Parana River after debris from a landslide slowed cargo ships over the weekend, the local ports chamber said on Wednesday, while lower-than-normal water levels continued to put downward pressure on traffic rates.
South Africa's National Treasury on Wednesday said it would aim table a new budget on June 24 to ratify plans for a 500 billion rand ($27 billion) stimulus package aimed at easing the economic impact of the coronavirus outbreak.
Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive 2.4 billion reais ($412 million) from Boeing Co as compensation for the grounding of the 737 MAX plane.
El Al Israel Airlines called on Israeli Prime Minister Benjamin Netanyahu to rescue it on Wednesday, rejecting what it said were impossible conditions for state-backed loans.
Brazil airline Gol Linhas Aereas Inteligentes said Wednesday it will receive a total of 2.4 billion reais ($412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.
Job losses, well shut-ins, and bankruptcies have replaced the praise surrounding the shale oil boom that greatly enhanced America's energy independence and gave President Trump a reason to tout energy dominance.
South Africa's government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving relief to a clothing industry starved of sales.
China is allocating more low-tariff import quotas for corn this year and may expand its use of wheat quotas as it seeks to step up farm purchases from the United States and meet a pledge to comply with global trade rules, according to three sources.
Avianca Holdings had known since late March that the Colombian airline's cash pile would only cover a few months of expenses while its entire fleet sat grounded because of aggressive anti-coronavirus lockdowns.
Mitsubishi Heavy Industries (MHI) said it was more than halving the annual development budget for its SpaceJet regional jet as the coronavirus pandemic squeezes profit, and will suspend plans for a possible variant seen as key to winning future orders, particularly from U.S. airlines.
Demand destruction caused by the COVID-19 pandemic will dwarf the impact of supply disruptions for industrial metals such as aluminium and zinc, leaving heavy surpluses and inventory levels that will pressure prices and output this year.
The European Union pushed on Wednesday for a safe reopening of borders, while insisting on protective measures such as masks on planes, to try and salvage the ravaged tourism sector for the lucrative summer season as coronavirus infections recede.
South Korea's largest airline, Korean Air, said on Wednesday its board decided to sell about 1 trillion won ($816.55 million) in new shares to raise funds amid mounting strains in the industry due to the coronavirus pandemic.
Indonesia may have swung back to a trade deficit in April as both exports and imports contracted amid restrictions imposed across the globe to contain the spread of the new coronavirus, a Reuters poll showed on Wednesday.
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