Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the pandemic.
The PGA Tour is one of the first major sports to return to action after coronavirus on Thursday. Sports leagues and fans will be watching closely as they implement their safety plan.
The International Air Transport Association — which represents 82% of global air traffic — has predicted that 2020 "will go down as the worst year in the history of aviation."
A survey conducted before the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback in the past, and 40% said it took three to five years to get their finances back on track.
Texas has reported two consecutive days of record-breaking Covid-19 hospitalizations as the state continues to open businesses and resume activities that were temporarily shuttered due to the coronavirus.
The U.S. has "reneged on its role as leader of the free world" under President Donald Trump and failed in its response to the coronavirus crisis, according to former Secretary of State John Kerry.
The world's largest fashion group, Inditex, reported its first quarterly loss Wednesday, as it described being "materially impacted" by the coronavirus pandemic.
China has faced criticism over its initial handling of the Covid-19 outbreak, which has included accusations that it withheld critical information from the WHO.
Stringent public health measures have helped stem the transmission of the coronavirus, but there's "every chance" of a resurgence as economies reopen, says the WHO's chief scientist.