Bloomberg British Airways (BA) has become the first major European carrier to lose its investment grade status amid the Covid-19 pandemic after Fitch cut its credit rating one notch. The flagship British company is unlikely to recover its end-2019 capacity level until 2023, according to Fitch’s baseline forecast. The ratings agency also put the company on negative outlook, reflecting the ...

Bloomberg The fortunes of the Walton family — the pioneers of American bargain shopping — have reached new heights during a pandemic that has otherwise obliterated trillions of dollars of value across global markets. The combined net worth of siblings Alice, Jim and Rob Walton has climbed 2.6% this year to $165.7 billion as recession-wary shoppers flock to Walmart Inc ...

RIYADH / WAM The Joint Forces Command of the Coalition to Restore Legitimacy in Yemen has declared a comprehensive ceasefire in Yemen for a period of two weeks, starting April 9 at 12:00 KSA time. The two-week period is subject to extension. “Based on its previous announcement on March 25, the Joint Forces Command of the coalition supported the Yemeni ...