Airline SAS cancels 8% of scheduled March flights: NRK
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Ryanair on Monday cut more international flights to Italy and domestic flights within the country until April 8 after the Italian government imposed travel restrictions in northern Italy to limit the spread of the coronavirus.
The rapidly-spreading COVID-19 is a so-called black swan event, even for well-to-do investors. Members of TIGER 21, an investment club for high-net worth individuals, are stocking up on cash.
Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector.
Tesco plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of plans to refocus on Britain.
Safeguards in the U.S. stock market are functioning as planned, the president of the New York Stock Exchange said on Monday, after a 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened.
The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get the backing of U.S. aviation regulators, potentially delaying the plane's return to service.
"This is going to be treacherous for a while. I would advise most retail investors to stay on the sidelines, not panic. There will be opportunities but they're not now," the chief economic advisor at Allianz said.
A plunge in U.S. markets on Monday triggered a 15-minute trading halt in stocks after the S&P 500 fell 7% shortly after the market opened.
Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It's a battle of nerves - so who will blink first?
Canada's biggest banks said on Monday they are moving some traders to alternate locations, joining global banks splitting up operations to reduce disruptions due to the coronavirus outbreak.
An oil price plunge means the world's top energy companies will have to review promises to return billions to investors, either by slowing down share buybacks or reintroducing non-cash dividends, analysts said on Monday.
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
Twitter Inc said on Monday that it will name three new directors to its board in an agreement with activist investor Elliott Management and private equity firm Silver Lake.