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The airline industry faces a second quarter loss of $39bn if severe coronavirus travel restrictions last for three months, the industry body said on Tuesday.
The economic impact of the Covid-19 pandemic could leave 24 million people trapped in poverty in East Asia and the Pacific (EAP), the World Bank warned on Tuesday.
Royal Dutch Shell forecast first quarter writedowns of up to $800m as oil prices crashed in the face of a demand slump due to the coronavirus pandemic.
British Airways said it was suspending all flights from Gatwick airport from Wednesday as air travel demand slumped due to the coronavirus.
Water utility Severn Trent said there had been no material change to its current year performance since a trading update at the end of January and maintained guidance for the full year.
House builder St Modwen Properties pulled its dividend, cut boardroom pay by 20% and said all furloughed employees would receive full salary due to the coronavirus pandemic.