Bloomberg The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the Covid-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year. The US Department of Transportation eased some requirements it made in a proposal after airlines and …

Bloomberg The world’s largest oil producers are hammering out the terms of an unprecedented deal to mitigate the devastating impact of the coronavirus crisis as they prepare for an extraordinary meeting this week. Saudi Arabia and Russia are closing in on an agreement to curb output, which could drain some of the oil surplus threatening to overwhelm storage tanks and …

Bloomberg It’s crunch time for the European Union (EU) as it strives to overcome internal differences and agree to a plan that would stem a virus-led downturn, which may eclipse the severity of the Great Recession more than a decade ago. The EU’s finance ministers on Tuesday will seek to endorse a list of measures worth more than half a …