EasyJet to ground most flights, BA pilots face unpaid leave

LONDON (Reuters) – Britain’s easyJet (EZJ.L) said on Friday it would ground most of its flights, while pilots at rival British Airways will be required to take two weeks’ unpaid leave in both April and May as the battered aviation sector frantically seeks to cut costs. EasyJet said that the airline would only run a minimal schedule of essential services […]

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Airbus says in talks with governments, declines comment on loans

PARIS (Reuters) – Airbus (AIR.PA) said on Friday it is in regular dialogue with European governments, but declined to comment on a report that the European planemaker may seek government support to tackle the coronavirus crisis. On Monday, Airbus told the German government and industry leaders that some government support may be needed if the crisis lasts for several months, […]

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Asia shares rally after rout; U.S., European futures higher

SYDNEY (Reuters) – Asian shares made a partial comeback from a global rout on Friday but still nursed massive losses for the week, while bonds rallied and oil extended its gains. European shares were set for similar gains. Early in the European day, pan-region Euro Stoxx 50 futures were up 1.87%, German DAX futures gained 1.86% and FTSE futures. U.S. […]

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Asia shares bounce after rout, rush for dollars causing stress

SYDNEY (Reuters) – Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 3.2%, after seven sessions of losses. As the spread of […]

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Former U.N. ambassador Nikki Haley leaves Boeing board, opposing federal aid

(Reuters) – Boeing Co said on Thursday that former U.N. ambassador Nikki Haley has resigned from its board as she opposes the planemaker’s move to seek financial aid from the federal government amid the 737 MAX and the coronavirus crisis. “I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company […]

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Tesla U.S. vehicle factory to suspend production due to coronavirus

(Reuters) – Tesla Inc (TSLA.O) will suspend production at its California vehicle factory beginning on March 24 to comply with local orders aimed at curbing the spread of coronavirus, the company said on Thursday. The company said its New York factory will also temporarily suspend production, while operations at its Nevada plant will continue. “Despite taking all known health precautions, […]

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U.S., European stocks up after earlier losses, dollar gains, as central banks act

WASHINGTON/LONDON (Reuters) – European and U.S. stocks climbed on Thursday, recovering from earlier losses, in a sign of tentatively more stable markets, as central banks across the world moved to stem a coronavirus-induced financial rout in moves that boosted bonds and provide more access to the dollar. The U.S. Federal Reserve opened the taps for central banks in nine countries […]

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Coronavirus layoffs push U.S. weekly jobless claims to two-and-a-half-year high

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic. The deterioration in the most timely labor market indicator, reported by the Labor Department on Thursday, offered a glimpse of what lies ahead […]

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