world-business
German factory orders rebound in Jan, ahead of virus impact
Factory orders in Germany rebounded strongly in January after two months of declines, official data showed Friday, but it remains to be seen what impact mounting concerns over the coronavirus outbreak will have on Europe's biggest economy.
Indian depositors scramble for money from stressed bank
India's finance minister assured panicky depositors Friday that their money is safe after the central bank took control of cash-strapped private Yes Bank while working on a rescue plan.
OPEC pushes Russia for deep output cuts amid virus outbreak
The OPEC oil cartel is trying to convince Russia and other non-member producers to join in deep production cuts to prevent weak oil prices from falling even further as the virus outbreak disrupts the global economy.
Rolls-Royce sees expanding aero-engine maintenance service network in China
Rolls-Royce has further expanded its services network in boosting the Chinese market with a new maintenance services agreement singed in the helicopter engine sector, according to Rolls-Royce China Thursday.
Industry group: Virus outbreak could cost airlines $113B
The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel.
Abu Dhabi's long-troubled Etihad reports $870M loss in 2019
Abu Dhabi's long-troubled national carrier Etihad on Thursday reported losses of $870 million in 2019 after losing billions in recent years, calling the result "encouraging."
China's factories try to shield workers as output revives
To keep his 40 employees indoors and away from China's virus outbreak, the manager of an electronics factory in Dongguan, near Hong Kong, says he hired a cook and arranged dormitories for them.
Companies trim outlooks, travel and staff as virus spreads
GROUNDED AIRPLANES: United Airlines will cut international and U.S. flying, freeze hiring and ask employees to volunteer for unpaid leave as it struggles with weak demand for travel because of the new virus outbreak. United said Wednesday it will reduce passenger-carrying capacity 20% on international routes and 10% to 12% in the U.S. United executives expect the reductions will carry into May. Beyond that, it depends what happens to bookings over the next few weeks. United's CEO and president say they hope the moves are enough, but the nature of the outbreak requires the airline to be flexible in how it responds.
G-7 major economies pledge cooperation to deal with virus
Seven major economies pledged to use "all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions.
Walton begins exporting ACs to India
Bangladeshi electronics brand ‘Walton’ has recently started exporting air conditioners to the neighboring country India.