March, 2020

• 4 March

  Indian stocks fall on reports of new coronavirus cases

  

  Bloomberg Indian stocks declined, with the benchmark headed for its lowest level in more than four months, after the health ministry reported new novel coronavirus cases. The S&P BSE Sensex dropped 1.6% to 37,996.89 in Mumbai on Wednesday after earlier swinging between gains and losses. The index rebounded on March 3, snapping the worst seven-day rout in almost five years ...

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• 4 March

  HK stock swings stand out amid global turbulence

  Bloomberg Just as stocks everywhere are being whipsawed by concern that the spreading coronavirus outbreak could bring global economic growth to a standstill, Hong Kong equities have shown relative stability. The Hang Seng Index hasn’t seen a move exceeding 3% in either direction in six months, while the S&P 500 Index has posted moves of that magnitude in four out ...

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• 4 March

  Target sees no big impact from virus on operations

  

  Bloomberg Target Corp delivered a sanguine outlook for the year ahead, saying the coronavirus hasn’t had a big impact on operations yet while pressing ahead with growth initiatives online and in the stores. While the retailer has witnessed “aggressive shopping” as consumers stockpile food and other household essentials in recent days, Chief Executive Officer Brian Cornell told investors that he ...

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• 4 March

  ‘More US virus travel restrictions coming’

  

  Bloomberg More travel restrictions will be announced soon to help prevent the spread of coronavirus, said Transportation Security Administration (TSA) chief David Pekoske. “There will be additional countries, I’m sure, as we continue to work with the task force, and I think those announcements will be relatively soon,” Pekoske told the US Senate Appropriations Committee’s homeland security panel. The comments ...

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• 4 March

  Amazon warns of delays after virus-spooked shoppers’ rush

  

  Bloomberg Amazon.com’s Prime Now and Amazon Fresh delivery services have been overwhelmed by demand, a sign that virus-spooked shoppers are turning to the world’s largest online retailer to avoid going to brick-and-mortar stores. Amazon warned customers that both services would have limited availability, meaning orders are being delivered more slowly than usual. The company hasn’t reduced the number of people ...

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• 4 March

  Ryanair in talks with Boeing over new 737 Max jet order

  

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the European discount airline is in talks with Boeing Co about a follow-on order for the US manufacturer’s grounded Max model. While the Max has been idled worldwide for close to a year after two fatal crashes, Ryanair is in “active discussions” to buy more of the narrow-body planes, O’Leary ...

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• 4 March

  United Air waives change fees in March on virus fear

  Bloomberg United Airlines Holdings is nixing fees for reservations made this month, as the spread of coronavirus roils global travel. The waiver applies to all tickets booked between March 3 and March 31, the carrier said. If customers cancel their flight, they can retain the ticket value for trips within the next 12 months. “The coronavirus outbreak continues to create ...

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• 3 March

  dnata expands partnership with Hertz Corporation

  

  Dubai / Emirates Business dnata, one of the largest travel management companies in the Middle East, expanded its car rental portfolio by adding the quality services of Dollar Rent a Car and Thrifty Car Rental to its offering. Both brands are part of The Hertz Corporation, one of the global leading car rental companies, which dnata has been serving as ...

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• 3 March

  Fanr oversees loading of nuclear fuel assemblies into Barakah plant’s unit 1

  

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (Fanr), announced that it has overseen loading of the nuclear fuel assemblies into the Unit 1 of Barakah Nuclear Power Plant to ensure it is completed according to the regulatory requirements. In a statement, the authority affirmed that its inspection activities indicated the fuel load has been safely completed. “Fanr ...

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• 3 March

  Mubadala investing in Alphabet-owned Waymo

  Abu Dhabi / WAM Mubadala Investment Company (Mubadala) on Tuesday announced that it has joined Silver Lake and other investors including the Canada Pension Plan Investment Board, Magna International, and Andreessen Horowitz as part of a consortium to invest a total of $2.25bn in Waymo, the self-driving technology company owned by Alphabet, the parent company of Google. Waleed Al Mokarrab ...

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