United News of Bangladesh

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 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.

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 national carrier Etihad on Thursday reported losses of $870 million in 2019 after losing billions in recent years, calling the result "encouraging."

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.

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.

Seven major economies pledged to use "all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions.

Bangladeshi electronics brand ‘Walton’ has recently started exporting air conditioners to the neighboring country India.

Fine wines and hipster gin. Hunting rifles and knives. Contemporary paintings and million-dollar sports cars. They're all marketed at trade events that are quickly going dark across the globe due to the new coronavirus - and taking with them sales opportunities that may be difficult to make up.

Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment.