China said on Monday that it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd.
The London Metal Exchange (LME) said on Monday an employee of one its ring-dealing members had contracted the coronavirus, clean of the last open-outcry trading venue in Europe, prompting a number of precautionary measures, including a deep clean of its offices.
British retailer Laura Ashley warned on Monday it would need additional funding to meet its ongoing working capital requirements, just a month after saying it has access to sufficient cash to meet its immediate needs.
The Swedish government on Monday presented a package of measures worth more than 300 billion Swedish crowns ($30.94 billion) to support the economy in the face of the coronavirus pandemic.
The London Metal Exchange said on Monday a member of staff of a ring-dealing member has been diagnosed with the coronavirus, prompting a number of precautionary measures, including a deep clean of the last open-outcry trading venue in Europe.
The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry.
Mexican media published conflicting accounts on Sunday regarding what they had called the country's first coronavirus death, with some disputing that the individual in question, businessman Jose Kuri, had died.
Airlines around the world announced they would make more drastic reductions to their flying schedules, cut jobs and seek government aid after countries further tightened border restrictions due to the coronavirus.
Airlines in Australia and New Zealand said on Monday they would make drastic changes to their flying schedules after the countries over the weekend announced international travellers would need to self-isolate for 14 days due to the coronavirus.
The fast-spreading coronavirus has shaken the corporate world in New Zealand, with a growing number of companies suspending their earnings outlooks, and others reeling from the economic unknowns facing them.
Several African governments on Sunday closed borders, canceled flights and imposed strict entry and quarantine requirements to contain the spread of the new coronavirus, which has a foothold in at least 26 countries on the continent as cases keep rising.
Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China.
Air New Zealand said on Monday it would further cut capacity and look to lay off some permanent employees as the coronavirus outbreak hits global travel demand.
Auckland International Airport suspended its full-year earnings guidance on Monday after New Zealand announced stringent border controls over the weekend to combat the fast-spreading coronavirus.
Thousands of Muslims returning to Turkey from a pilgrimage in Saudi Arabia were taken into quarantine on Sunday due to concerns about the spread of the coronavirus.
South African president Cyril Ramaphosa declared a national state of disaster on Sunday as he announced a range of measures to contain a COVID-19 outbreak that has so far infected 61 and showed the first signs of internal transmission.
Norway will offer companies at least 100 billion Norwegian crowns ($9.7 billion) in funding in the form of guarantees for loans and bond issues to support the economy during the coronavirus outbreak, the government said on Sunday.
U.S. Treasury Secretary Steven Mnuchin on Sunday said he was in close touch with Congress about helping U.S. airlines weather a massive downturn in business due to sweeping travel restrictions aimed at containing the coronavirus.
Reuters
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