Coronavirus: Tui cancels beach holidays for five weeks due to pandemic
The UK’s largest travel firm has cancelled its beach holidays for the next five weeks due to the coronavirus pandemic. Tui said on Wednesday that all trips up to and …
Business
Refunds row escalates as airlines warn millions of jobs at risk
LONDON/PARIS (Reuters) – Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to …
Trump says OPEC has not asked him for a U.S. oil production cut
WASHINGTON (Reuters) – President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have …
BMW sees demand falling further after first quarter sales plunge due to coronavirus
BERLIN (Reuters) – BMW (BMWG.DE) is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported …
Single passenger flights: The daily woes of airlines, and the crew still working
(Reuters) – When Reuters photographer Carlos Barria boarded American Airlines flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger …
Amid confusion, U.S. small business bailout program off to rocky start
(Reuters) – A flood of loan applications from coronavirus-hit businesses inundated lenders on Friday as the U.S. government launched its $349 billion bailout fund for small and midsize companies amid …
U.S. airlines face deadline to apply for federal payroll grants
CHICAGO/WASHINGTON (Reuters) – U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in …
'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aid
WASHINGTON (Reuters) – Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot …
When will U.S. economy bottom? Economists hunt for the right view
WASHINGTON (Reuters) – The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter …
Coronavirus: Premier League execs push plan for 25% player pay cuts
Premier League chiefs will discuss proposals on Friday for substantial cuts to players’ wages against a backdrop of growing anger at the sport’s approach to the financial challenge posed by …