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U.S. aero parts maker Triumph Group said it was furloughing about 2,300 employees across its U.S. and European plants for two to four weeks to cut capacity linked to Boeing commercial aircraft programs amid the coronavirus outbreak.

US Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a US$32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters.

PRISTINA, Kosovo: The International Monetary Fund has approved a €51.6 million (US$56.06 million) loan for Kosovo to tackle the economic crisis caused by the new coronavirus and address urgent balance of payments issues, the international lender said. It said the pandemic will hit Kosovo's economy ...

Apple Inc and Alphabet Inc's Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into a system that catalogs other phones they have been near.

U.S. aero parts maker Triumph Group Inc said it was furloughing about 2,300 employees across its U.S. and European plants for two to four weeks to cut capacity linked to Boeing commercial aircraft programs amid the coronavirus outbreak.

The United States has approved 661,000 loans to small businesses totaling US$168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.

BANGKOK: The COVID-19 pandemic is transforming consumer spending habits and lifestyles around the world, including Thailand. According to Siam Commercial Bank’s Economic Intelligence Center (EIC) in Thailand, increasingly restricted movement of the public and limited outdoor activities caused ...

Honeywell International Inc said on Friday it had entered into a US$1.5 billion loan agreement to be used for general corporate purposes.

WITH selected branches suspending operations to meet stricter safe distancing requirements, banks have come out to assure affected staff that they will suffer no pay cuts, despite being redeployed.

U.S. President Donald Trump said on Friday he would help Mexico contribute to global oil output reductions, in a surprise move that could break an impasse among the world's major oil producers over cutbacks aimed at stabilizing crude prices.