FILE PHOTO: A man counts U.S. dollars in Tehran, Iran July 7, 2019. Nazanin Tabatabaee/ WANA (West Asia News Agency) via REUTERS.
WASHINGTON (Reuters) – Southwest Airlines Co <LUV.N> said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the new coronavirus outbreak, prompting it to cut its quarterly revenue outlook. Shares of the company fell 3%, while with those of bigger rivals fell more. American Airlines Group Inc […]
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Tuesday his government was ready to deploy further fiscal stimulus measures if needed to protect the country’s already fragile economy from the negative effects of the coronavirus. Abe, who has come under fire for his handling of the crisis, has pledged to […]
BUDAPEST (Reuters) – Volkswagen Group’s <VOWG_p.DE> Audi brand will halt output at its plant in Hungary on Monday, the factory said, after Volkswagen announced a suspension of production at plants in Italy, Portugal, Slovakia and Spain. “In light of the clearly worse sales prospects and the uncertainties emerging in component supply (due to the coronavirus […]