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Covid-19 outbreak: Airlines change schedules, cut jobs, and seek govt aid

What's next: President Trump vowed this week to "backstop" airlines that have been hurt by reduced demand during the coronavirus outbreak, saying the is...

Oil prices jumped $1 as recent sharp falls draw investors

The West Texas Intermediate ( WTI ) dropped by 8.13% to $29.15 per barrel from $33 per barrel at the weekend. Numerous governments have told residents to rest...

Opening tumble kicks in market circuit breaker

If the index falls by 20%, trading is stopped for the day. That meeting was followed by a weekend full of pronouncements from cities and states across the USA...

S&P/TSX composite edges lower, while USA markets gain ground; Loonie down

The stock market collapse prompted by the coronavirus outbreak continued on North American markets on Monday, after a short-lived rally on Friday. The U.S. ...

Binance and WazirX announce fund to boost Indian startup ecosystem

This can include fiat-to-digital assets gateway solutions, trading platforms, payment, and remittance solutions, digital, digital asset wallets, decentralised f...

'We are at war': France imposes lockdown to combat virus

European Commission President Ursula von der Leyen announced that she would ask EU leaders to implement a ban on unnecessary travel into the bloc on Tuesday...

Coronavirus: Wall Street stocks stage a rebound, closing sharply higher

The Dow Jones Industrial Average fell almost 3,000 points Monday, putting the market on track for its worst month since the "Black Monday" market crash in 1...

Dow slides 3000 as coronavirus shuts down America

Trading on Wall Street's three main stock indexes was halted for 15 minutes, shortly after the open as the S&P 500 index plunged by eight percent, crossing th...

Oil: No end in sight for crude oil - TDS

Brent crude was down $3.75, or 11.1%, to $30.10 a barrel by 1:26 p.m. EDT (1726 GMT). With West Texas Intermediate crude oil now trading around $27 a barrel, ...

Air New Zealand to axe flights and jobs over virus

The airline announced capacity reductions on their long haul network. United Kingdom airlines called on the British government to help ensure their survival, ...

Fed offers new credit facility to ease virus pressures

The program, authorized by the US Treasury , is aimed at commercial paper, which finances things like auto loans and home mortgages, a market that "has been un...

COVID-19: Elon Musk tells Tesla employees to stay home if unwell

In an internal memo on Monday, Musk told employees he was not aware of any worker who had tested positive for the virus, and urged them to stay home if they fel...

Uber, Lyft Halt Shared Carpool Service In U.S. And Canada

The pooled option, which allows riders to book trips at lower prices by sharing the vehicle with up to three other passengers travelling in the same direction, ...

US House Passes Revised Coronavirus Emergency Bill, Sends It to Senate

The rush to inject cash and resources into the economy is an effort unlike any since the 2008 economic crisis, with political and economic interventions and eye...

'Agonizing': The prospect of a historic oil glut weighs on crude prices

Crude oil prices dropped to $30 per barrel on Monday amidst an ongoing coronavirus outbreak and price war between Saudi Arabia and Russian Federation. Brent...

Coronavirus: Chancellor unveils £330bn support for economy

At last week's Budget, the Chancellor provided £30 billion of support to the economy to deal with the crisis by investing in public services, increasing support...

Dow Falls by almost 3000 in Renewed Coronavirus Collapse

The nation's largest business organization is asking government leaders to act rapidly to help companies have access to cash and avert a "potentially devastatin...

Coronavirus: Virgin Atlantic asks staff to take eights weeks of unpaid leave

Virgin Atlantic are set to reduce daily flights by 80 per cent by 26 March with the London Heathrow to Newark route to be axed immediately. It will be parking ...

Oil price drops again to US$31, fuel prices to reduce today

While the impact of the virus on global demand over the rest of 2020 and into 2021 is a huge factor for prices, overshadowing all that is the volume and price w...

Qantas to slash 90% of global capacity as new travel restrictions bite

In a corporate press statement , Qantas Group said the cuts were coming into effect from the end of March and will be running until "at least the end of May", ...

Tesla Model Y begins deliveries, unannounced specs revealed in owner's manual

Its first Model Y delivery - originally slated for September/October 2020 - has reportedly been made to a buyer in Utah. The Model Y prototype Tesla revealed a ...

Trump Issues 15-Day Plan to Halt US Spread of Coronavirus

Trump revealed a vaccine for the virus is in phase one clinical trials, but he admitted life will likely not return to normal for United States citizens until "...

Federal Reserve cuts rates to zero to support economy during coronavirus pandemic

New Zealand's central bank also slashed rates to record lows in an attempt to cushion the economic blow, while the People's Bank of China has injected vast sum...

Fiat Chrysler, Ferrari close factories amid coronavirus outbreak

In a press release issued today, FCA says the production shutdown will be in effect through March 27. "The temporary suspension enables the group to effecti...

Reserve Bank announces emergency official cash rate cut

New Zealand now has just eight confirmed coronavirus cases and no fatalities, for a population of almost five million. Prime Minister Jacinda Ardern said her ...

Coronavirus could bankrupt most airlines by end of May

With the coronavirus cases spreading, the demand for travel and air travel especially has plunged drastically since the last two weeks after countries across ...

Amazon Seeks 100000 More Employees to Keep Up With Surge in Orders

Amazon officials said over the weekend that a surge of orders put its operations under pressure. "We are seeing a significant increase in demand, which mean...

International Monetary Fund chief calls for more fiscal stimulus to limit coronavirus damage

But more is required beyond individual country actions, and "as the virus spreads, the case for a coordinated and synchronized global fiscal stimulus is becomin...

United States markets: S&P 500 sinks 8% on open; trading suspended

Trading was halted for 15 minutes shortly after the opening bell due to the S&P 500's decline of more than 7 percent. The morning after the Federal Reserve...

Brazilian Official Photographed With Trump and Pence Tests Positive for the Coronavirus

Trump's top economic adviser Larry Kudlow told Republicans the President may sign a disaster declaration under the Stafford Act on Thursday afternoon. "Life co...