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Bloomberg The global airline industry needs government aid and bailout measures totalling between $150 billion ...
Read More »Airlines need up to $200b to survive virus, says IATA
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United cuts 85% of international flights
Bloomberg United Airlines Holdings Inc will slash international flights by 85% in April, the most ...
Read More »Chicago Midway flights resume after virus fears shut its tower
Bloomberg Flights to Chicago’s Midway Airport resumed, ending a temporary halt that occurred after technicians ...
Read More »FedEx suspends outlook as virus clouds e-comm revamp
Bloomberg FedEx Corp suspended its financial forecasts as the coronavirus pandemic blurred the demand outlook, ...
Read More »Shopping-centre owners urge Trump to offer relief
Bloomberg A trade group representing shopping-centre owners is urging the Trump administration to provide relief ...
Read More »Covid-19: Moody’s weighs airline downgrades
Bloomberg Moody’s Investors Service is taking aim at airlines, placing multiple carriers on review for ...
Read More »UAE central bank foreign assets reach AED406bn in February
ABU DHABI / WAM Latest figures released by the central bank of the UAE note ...
Read More »Saudis to hike oil exports to record 10 million bpd
Bloomberg Saudi Arabia plans to boost oil exports even further from April to May, reaching ...
Read More »Dubai Holding, Meraas set up AED1b relief fund
DUBAI / WAM Dubai Holding, a global investment holding company, and Meraas, Dubai’s premier developer ...
Read More »IMF ready to mobilise $1trillion loan capacity to counter virus
Bloomberg The International Monetary Fund (IMF) is ready to mobilise its $1 trillion lending capacity ...
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