Bloomberg The EU needs “greater action” to combat the coronavirus economic fallout, whether that’s through issuing coronabonds or other measures, ECB Governing Council member Gabriel Makhlouf said in a Business Post interview. The governor of the Central Bank of Ireland also mentioned use of the European Stability Mechanism or “something new that comes out from the European Commission” as possible ...

Bloomberg Treasury Secretary Steven Mnuchin’s insistence that America’s major airlines partially repay taxpayer funds aimed at shoring up the industry has set up a clash between the Trump administration and the carriers. At least some of the large carriers are unhappy with the terms — specifically, that large airlines repay 30% of any grant within five years — and are ...

Bloomberg Airbus SE slashed its aircraft output by a third in a stark concession to the coronavirus pandemic that’s upended the aviation industry. The world’s biggest commercial aircraft manufacturer now plans to produce about 48 planes a month across its A320, A330 and A350 programs, it said in a statement. It had gone into the year with a goal of ...