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Airlines are lobbying to amend the recently agreed carbon scheme designed to bring down the aviation sector's emissions as the Covid-19 coronavirus crisis makes it harder for carriers to meet their agreed targets.
Global trade could plummet by up to 32%, a level similar to the Great Depression of the 1930s, in the aftermath of the coronavirus pandemic, the World Trade Organisation said.
Insurance group Aviva bowed to central bank pressure on Wednesday and pulled its final dividend as it braced for the financial impact of the coronavirus pandemic.
US President Donald Trump lashed out at the World Health Organization late on Tuesday over it’s handling of the coronavirus pandemic and threatened to withhold US funding.
UK Prime Minister Boris Johnson did not have pneumonia and was breathing without the assistance of a ventilator, a Downing Street spokesman confirmed on Tuesday.
African budget airline Fastjet warned that its future was under threat unless it raised fresh capital or sold its Zimbabwe operations as jobs and salaries were cut in response to the coronavirus.
At least 25 million jobs could be at risk around the world from the slump in passenger traffic caused by the coronavirus pandemic, the airline industry body warned on Tuesday.
The Wellcome Trust London-based charity is calling on big businesses to donate $8bn for research to attempt to develop tests, therapies and vaccines to fight the ongoing coronavirus pandemic.
UK house prices were steady in March before the coronavirus lockdown came into effect but activity is set to fall "sharply" in the coming months, according to figures released by Halifax on Tuesday.
Retail footfall jumped at the weekend as warm weather tempted shoppers to flout social distancing measures introduced to restrict the spread of Covid-19, a survey showed.
Japanese authorities unveiled plans at the start of the week to launch the country's biggest ever stimulus package in a bid to contain the economic fallout from the Covid-19 pandemic.
Bank of Georgia Group said it had agreed with its regulator to set up a GEL400m (£113m) general provision as a buffer to combat the uncertainty caused by the Covid-19 pandemic.
The European Union’s probe into media giant Facebook will now focus on whether the social media network is distorting the classified advertising market by promoting its own Marketplace.
The Covid-19 coronavirus is severely impacting consumer and business behaviour and threatens to erase around $100bn in global full-year revenues from the automotive industry with UK car sales having already fallen 44. 4% in the key month of March.
