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Markets

US airlines prepare new flight cuts after new UK, Ireland restrictions

Delta Air Lines plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was moving toward its first flight cuts as the spreading coronavirus saps demand.

Markets

Virgin Atlantic boss seeks 7.5 billion-pound UK airline bailout: Sky News

Virgin Atlantic's chairman Peter Norris will write to British Prime Minister Boris Johnson on Monday saying the country's airline industry needs emergency government support worth 7.5 billion pounds (US$9.20 billion) or risks the loss of tens of thousands of jobs, Sky News reported on Saturday.

Markets

Commentary: COVID-19 emphasises the importance of Singapore’s free trade agreements

It will help Singapore diversify source markets ensuring we have a smooth supply chain, says Professor Locknie Hsu.

Markets

Southwest says ‘seriously considering’ cutting flights in short term

Southwest Airlines , one of the few U.S. airlines still flying a full schedule even as the spreading coronavirus has sapped demand, said on Saturday it was "seriously considering" cutting flights in the short term.

Markets

Investors prepare for more market swings as virus spreads in the U.S

With one of Wall Street's wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.

Markets

France closes shops, restaurants, tells people to stay home

France will shut most shops, restaurants and entertainment facilities from midnight on Saturday as part of measures to contain the spread of the new coronavirus, Prime Minister Edouard Philippe said.

Markets

Ferrari suspends production over coronavirus

Italian luxury carmaker Ferrari said Saturday it was suspending production for two weeks at two of its factories, citing "serious difficulties" related to Italy being in lockdown due to the coronavirus pandemic.

Markets

Under lockdown, Italy’s social and family life goes virtual

As 60 million Italians face a coronavirus country-wide lockdown, many daily interactions among family, friends and colleagues have moved to messaging platforms such as Facebook Inc's WhatsApp and Microsoft's Corp Skype.

Markets

Royal Caribbean suspends global operations after virus outbreak

Royal Caribbean Cruises Ltd said on Saturday it has suspended the voyages of its fleet globally from midnight tonight following the coronavirus outbreak.

Markets

Jack Ma donates two million masks for coronavirus crisis in Europe

Chinese billionaire and Alibaba co-founder Jack Ma has pledged to donate two million protective masks for distribution across Europe, with a first consignment arriving in Belgium late on Friday.

Markets

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