Global Business

Global Business

Estimated Global Airline Losses Rise to $314B

The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
Global Business

Global Manufacturing Dives Amid Virus Lockdowns

Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
Cash Flow

Airlines Seek Sweeping Bailout

If it happens, the request for loans, grants, and tax relief may come with strings attached.
Global Business

IEA Sees Drop in Oil Demand

"The immediate outlook for the oil market will ultimately depend on how quickly governments move to contain the coronavirus outbreak.”
Global Business

U.K. Cuts Interest Rates in Response to Coronavirus

Policymakers reduced rates down to the lowest level in history to help cushion the impact of COVID-19.
The Economy

Oil Prices Rebound on U.S. Stimulus Hopes

After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
Global Business

U.K. Airline Flybe Closes Two Months After Rescue Deal

The coronavirus tipped the long-struggling airline over the edge.
Risk Management

Did Your Contract Anticipate the Arrival of Coronavirus?

As the virus spreads, there will likely be an increase in contractual defaults. Here's a look at the related legal ramifications and remedies.
The Economy

OECD Urges Immediate Action on Coronavirus

“The virus risks giving a further blow to a global economy that was already weakened by trade and political tensions."
Supply Chain

Coronavirus in the Supply Chain

The retail trade, which functions to retain the lowest possible inventory, is beginning to experience stock-outs.
Accounting

Coronavirus: Five Things to Think About Before Closing the Books

Finance and tax are grappling with some important questions they need to answer before they wrap up 2019.
Global Business

Airlines Brace for Profit Hit From Coronavirus

The U.S. airline industry's long run of profitabiilty could be at risk if the virus causes a "broad slowdown" in travel.
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