Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led the losses, with WTI for June delivery falling over 26 percent to $12.49 per barrel, as of 14:00 GMT. Meanwhile, the cost of Brent crude...
More than 500 garment factories in Bangladesh that supply to global brands reopened on Monday after a month-long shutdown to curb the spread of the coronavirus. Clothing manufacturers in Bangladesh's capital Dhaka and the port city of Chittagong have been permitted to resume work, with workers wearing masks and maintaining physical distancing. Some of the...
European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a...
European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a...
European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a...
European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a...
European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action. CEO Guillaume Faury said in a letter to staff the company is “bleeding cash at an unprecedented speed” and that the recent drop of a...
