It’s not just air tickets that are being cancelled as the coronavirus causes global travel to seize up. Purchases of aircraft are also being pulled. Aircraft lessors Avolon Holdings Ltd, China Development Bank Financial Leasing Co, and General Electric Co’s GECAS have rescinded orders for 173 Boeing Co 737 MAX aircraft over the past month, worth $17.8 billion at list ...

My son Nick lives in New Zealand, which has done a remarkable job fighting the coronavirus. As of April 24, the nation of 4.8 million people had 1,456 confirmed cases and only 17 deaths. Prime Minister Jacinda Ardern’s government is now talking about not just containing the virus but eliminating it. It helps that New Zealand is an island nation ...

Only a few months into the Covid-19 pandemic, its disruption of our lives might still seem to be no more than a giant pause — global in scale and unprecedented, yes, but nonetheless temporary. But what if, as some experts reckon, this pause lasts years? What if there’s no return to normality even when it’s over? Maybe this pandemic isn’t ...

Bloomberg Gorden Wagener has spent a good amount of his coronavirus quarantine thinking about waffles. Daimler’s head of design, who created such iconic cars as the Mercedes-Benz SLR McLaren and Vision Mercedes concepts, wanted to bake bread during his pandemic free time, but soon found the bread maker he wanted was out of stock. So he ordered a waffle iron ...

Bloomberg Facebook Inc. is launching a new group video chat product meant to capitalise on a world now stuck indoors and offer an alternative to services that have exploded in popularity in recent months, like Zoom. Messenger Rooms, a feature that will be available on Facebook’s core social network and its Messenger app, will allow video chats among as many ...

Bloomberg Apple Inc. and Google said they are putting stronger privacy protections in their upcoming contact-tracing tool for Covid-19 and that an early version will launch for developers next week. The companies said the system’s tracking keys — a string of characters linked to a user’s device — will be generated in more random ways, and that Bluetooth data will ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC) helped reunite 400 people from several countries with their families, upon the directives of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The ERC paid for their travel expenses from the UAE to their countries and other related costs, despite ...

Bloomberg Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is buying, sending freight rates sharply higher, an indication that the global refining system is fast approaching a breaking point. Until now refiners had mostly been storing unwanted product on site, but the latest indication from the tanker market suggests they are now being forced to ...

ABU DHABI / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development and Chair of the UAE National Commission for Education, Science and Culture, participated in a remote meeting of ministers of culture organised by United Nations Educational, Scientific and Cultural Organisation (Unesco). The meeting touched upon repercussions of Covid-19, on culture, innovation sectors in all countries, ...

Bloomberg IndiGo, Asia’s biggest budget airline by market value, reversed a decision to slash employee salaries after the Indian government urged companies to avoid such practices, according to people with direct knowledge of the matter. The airline, operated by InterGlobe Aviation Ltd., had proposed pay cuts of as much as 15% for most staff but will no longer go through ...