European aviation giant Airbus said Monday it would cancel the planned dividend payment for 2019 and also abandon its earnings forecasts for the current year because of the economic uncertainty sparked by the coronavirus pandemic.
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Royal Dutch Shell said Monday it will slash costs and capital expenditure by billions of dollars due to the worsening coronavirus pandemic, which has sparked an oil price collapse.
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Dubai carrier Emirates reversed on Sunday its decision to suspend all passenger flights shortly after it said it would halt operations from March 25 amid the novel coronavirus outbreak.
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The coronavirus pandemic has sent stock markets into freefall and industries to the wall, however many firms enabling more private, online and tech-based living are emerging as potential winners.
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https://techxplore.com/news/2020-03-private-online-hi-tech-coronavirus-economy.html
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Military-style management and an unquestioning reverence for the founding Lee family have fuelled Samsung’s transition from the world’s most ridiculed phonemaker to its biggest, says the author of a new book.
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https://techxplore.com/news/2020-03-sam-suck-apple-rival-samsung.html
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Princess Elsa from “Frozen” will be unleashed across Europe in her glitter heels next week as Disney launches its digital streaming platform on the continent.
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https://techxplore.com/news/2020-03-disney-streams-virus-stricken-europe.html
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Disney+ is about to expand its streaming service to Europe just as large swathes of the continent are locked down because of the coronavirus.
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https://techxplore.com/news/2020-03-streaming-locked-down-world.html
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About 12 years after the US government bailed out General Motors and Chrysler, Washington policymakers are debating how to throw Boeing a lifeline as it reels from dual crises over the coronavirus and 737 MAX.
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Delta Air Lines on Friday warned the coronavirus pandemic will cut its second quarter earnings by 80 percent compared to 2019, and ratings agency S&P said other US carriers faced similar fates.
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https://techxplore.com/news/2020-03-delta-revenue-carriers-doom.html
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A wave of company defaults is likely to sweep the United States and Europe as measures to contain the coronavirus spark a recession, S&P Global Ratings said Friday.
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