Agriculture and food ministers from the Group of 20 countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the new coronavirus must not upend global food supply chains.
Qatar Airways on Tuesday said mid-level employees and above will have their salaries halved for at least three months but that staff would be back paid when the airline could afford it.
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector's main global body warned on Tuesday, citing bleak new survey data.
The oil market yesterday was by far the strangest market in anything I have ever witnessed, and I have been involved in financial markets in one capacity or another for nearly forty years.
The U.S. Congress moved toward a fourth coronavirus relief bill expected to top $450 billion, as Senate Democratic Leader Chuck Schumer said all major provisions were agreed, and that the Trump administration has signed off on a national testing strategy.
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, state news agency SPA reported citing a cabinet statement.
Starbucks Corp said on Monday it would roll out a plant-based food and beverage menu in China this week, launching Beyond Meat Inc and Oatly products in a country which is trying to recover from coronavirus shutdowns.
China's agriculture ministry said on Tuesday it had detected the deadly African swine fever virus in pigs transported to the southwestern province of Sichuan, the latest in a dozen such cases in the last two months.
U.S. Senate Democratic Leader Chuck Schumer said on Tuesday he thinks Republicans and Democrats have agreed on a fourth coronavirus spending bill, and that the Trump administration has also agreed to a national testing strategy.
Virgin Australia's entry into administration could give any successful bidder for the country's second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses.
Domestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.
El Al Israel Airlines said it is in advanced talks with an Israeli bank to receive a loan that will be partly backed by government guarantees and signed a deal to fly equipment to fight the coronavirus between China and Italy.
Residents of New Delhi are experiencing the longest spell of clean air on record, according to government data, as a stringent lockdown to prevent the spread of novel coronavirus drastically cuts pollution in the world's most polluted capital.
South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines, the country's second-largest carrier, as the industry struggles with the coronavirus crisis.
The shock of sub-zero oil prices is still reverberating across world markets. U.S. crude futures are back in negative territory after briefly rising to around $1.40 a barrel. With COVID-19 related lockdowns in most countries likely to be extended or at least maintained in some form, physical demand for crude should remain low.
Denmark, Norway and Sweden face some of their worst economic downturns on record this year as the coronavirus pandemic shuts down many businesses, according to a Reuters poll of economists released on Tuesday.
South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggling with the impact of the coronavirus.
China's pork supply will be under pressure in the second quarter and prices may peak around September due to the impact of the African swine fever that decimated its herd, an agriculture ministry official said on Tuesday.
Reuters
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