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Airlines could burn through $61bn in Q2 - IATA
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.
Glencore delays decision over dividend in light of Covid-19 uncertainty
Glencore is to delay a decision over a potential $2. 6bn dividend payout because of the current “exceptional” economic uncertainty.
Goldman slashes 1H US GDP forecast due to rapid pace of firings
Fiscal and monetary policy in the States have been eased "dramatically further" but the rapid pace at which companies are shedding workers means the US economy will take a bigger than expected hit from the Covid-19 pandemic, Goldman Sachs said.
UK consumer confidence weakens as Covid-19 outbreak spreads
UK consumer confidence has weakened since the outbreak of Covid-19, a widely-followed survey published on Tuesday showed, and is predicted to worsen still as the full impact of lockdown hits home.
Chicago PMI declines less than expected in March
Economic activity in the Chicago area deteriorated less than expected in March, according to figures released on Tuesday.
Huawei claims US blacklisting led to $12bn revenue fall
Huawei claimed on Tuesday that Washington's decision to blacklist it had cost the telecommunications equipment giant $12bn in lost revenue during the previous year.
NewRiver collects 77pc of rent due amid pandemic
NewRiver updated the market further on its retail portfolio on Tuesday, which mainly comprises community shopping centres and retail parks.
Drop in US consumer confidence points to 'severe' contraction, Conference Board says
A popular gauge of consumer confidence in the US revealed what the survey compiler termed a "worrisome" worsening in Americans' short-term outlook which pointed to a "severe contraction".
Tremor commits to $10m buyback amid Covid-19 crisis
Tremor International said it had the financial strength to buy back $10m (£8. 1m) of shares during the coronavirus crisis after reporting strong growth in 2019.
FTSE 100 movers: Imperial Brands rallies; Carnival shares sink
London’s FTSE 100 was up 0. 4% at 5,583. 85 in afternoon trade on Tuesday, well off earlier highs.
US home prices rose by less than expected in January, S&P Case Shiller says
House price inflation in the US picked up by less than expected at the start of 2020, the results of a closely watched set of surveys revealed.
Science Group in talks with UK to make 10,000 ventilators
The Science Group said it was in talks to make 10,000 ventilators for the UK government after coming up with a prototype in less than three weeks.
Covid-19 could leave 24m in poverty, warns World Bank
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.
Treasury to borrow record £45bn for Covid-19 measures
The Treasury will seek to borrow a record £45bn in April to help fund the government's support for the economy during the Covid-19 crisis.
Report unveils massive Coca-Cola, Nestle, Unilever and Pepsi plastic pollution footprint
Drink giants Coca-Cola, Nestle, Unilever and Pepsi are responsible for over half a million tons of plastic pollution in six developing countries each year, new reports show.
Supermarket sales soar as consumers stockpile household essentials
Sales across British supermarkets hit record levels in the last four weeks, industry data published on Tuesday showed, as shoppers rushing to stock up on food and other household staples spent an extra £1. 9bn at the tills.
Europe midday: Stocks reverse early gains as investors question rally
Stocks across the Continent had reversed course come midday as some investors continued to question the staying power of the recent stock market rally.
Tuesday broker round-up
Taylor Wimpey: JP Morgan downgrades to neutral with a target price of 110p.
Active Energy to acquire North Carolina sawmill
Renewable energy business Active Energy has entered into an agreement with its joint venture partner Renewable Logistics Systems to control of the sawmill and log export activities at its industrial site in North Carolina.
Morgan Stanley upgrades Meggitt in positive aerospace note
Morgan Stanley upgraded Meggitt to 'overweight' as the investment bank recommended buying shares in the aerospace sector.