Bloomberg South Africa’s rand plunged by almost 8% against the dollar, touching its weakest level on a closing basis since January 1980, as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus. The currency soon pared losses as investor panic eased to trade 1.9% weaker at 15.9726 per dollar in Johannesburg. It briefly ...

Bloomberg Qantas Airways Ltd and Air France-KLM became the latest airlines to announce massive cuts in flights as the coronavirus impedes travel. Qantas cut almost a quarter of its international flights for six months, grounded most of its giant A380 jets and slashed management pay as the outbreak hammers demand for travel. Air France said it plans to cancel 3,600 ...

Bloomberg Federal regulators hit Boeing Co with proposed fines totalling $19.7 million for allegedly installing unapproved cockpit equipment in hundreds of 737 Max and Next-Generation aircraft. The company put the devices into a total of 791 planes even though the aircraft weren’t certified for the devices, the Federal Aviation Administration (FAA) said in a press release. The fine would be ...