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Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus
(Reuters) – Cathay Pacific Airways <0293.HK> is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday. Severe travel restrictions as a result of a coronavirus outbreak in China, which has caused about 1,770 deaths across mainland China, have led to a steep […]
Amazon confirms two employees in Italy have contracted coronavirus
WASHINGTON (Reuters) – Amazon.com Inc <AMZN.O> said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine. “We’re supporting the affected employees who were in Milan and are now in quarantine,” company spokesman Dan Perlet said. The world’s biggest online retailer said it was unaware of any U.S. […]
Equities climb on hopes coronavirus pandemic is peaking
By David Randall NEW YORK (Reuters) – World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way. After U.S. stock markets closed on Tuesday, President Donald Trump said the United States may be getting […]