Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters.
The British retail industry's lobby group and its main trade union on Sunday issued new guidance to retailers in preparation for an anticipated easing by the government of the country's coronavirus lockdown and the re-opening of more stores.
The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the total provided to the airline sector hit hard by the coronavirus pandemic.
Plans underway to restart the economies of Canadian provinces do not depend on presuming people who become infected with coronavirus develop immunity to it, Canadian Prime Minister Justin Trudeau said on Saturday.
Low-cost airline Wizz Air said on Saturday it would restart some flights from London's Luton Airport on May 1, becoming one of the first European carriers to begin restoring services that have been halted during the coronavirus pandemic.
Abu Dhabi's Etihad Airways said on Saturday it would extend its suspension of scheduled passenger flights until at least May 16 due to the coronavirus outbreak.
Japan Airlines Co is discussing the possibility of securing financing totalling $2.8 billion from its lenders to cushion the financial blow of the coronavirus outbreak, public broadcaster NHK said on Saturday.
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
Ratings agency Moody's cut its forecast for South Africa's economy to a 6.5% contraction in fiscal 2020, saying the country's 500 billion rand ($26.29 billion) rescue package will weaken its public finances and constrain government's ability to provide support to state-owned firms.
The International Monetary Fund (IMF) said on Friday it has approved a disbursement of $309 million to help Mozambique meet urgent balance of payment and fiscal needs stemming from the coronavirus pandemic.
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will enter into force on July 1, a month later than initially proposed.
The International Monetary Fund (IMF) said on Friday it has approved a disbursement of $309 million to help Mozambique meet urgent balance of payment and fiscal needs stemming from the coronavirus pandemic.
Spain's High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.
A South African state-owned bank that lends to the farms sector said on Friday it had defaulted on payments on two bond programmes worth a combined 50 billion rand ($2.63 billion), highlighting the weakness of state enterprises in the country.
Spain's High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation's oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.
Smithfield Foods Inc, the world's largest pork processor, has been accused in a lawsuit of failing to adequately protect workers at a Missouri plant who have been forced to work "shoulder to shoulder" during the novel coronavirus pandemic.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.
Canada will help small businesses with rent payments and craft guidelines for regions less affected by the coronavirus outbreak to open their economy, Canadian Prime Minister Justin Trudeau said on Friday.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.