Bloomberg Ethiopian Airlines Group has lost over $190 million as the impact of the coronavirus on global travel hurts Africa’s only consistently profitable airline. “Under the current situation, it is facing huge challenges,” Ethiopian Prime Minister Abiy Ahmed said in a televised address to the public. The carrier has suspended flights to 30 destinations as demand collapses and some countries …

Bloomberg Oil demand is plummeting — some traders say by 10 to 20 million barrels a day, or a fifth of global consumption — as millions find themselves in lock-down or self-isolating, causing travel to grind to a halt. “Demand has been decimated in short term,” said Andy Hall, one of the most successful oil traders of his generation until …

Bloomberg Australia plans an additional A$66 billion ($38.2 billion) in stimulus for the coronavirus-stricken economy, including cash payments of as much as A$100,000 to small businesses, in a second package aimed at averting recession and savings jobs. The plan, to be announced by Prime Minister Scott Morrison on Sunday, will provide A$25.2 billion in support to businesses and not-for-profit charities. …