As the economic shock from the coronavirus pandemic upends Wall Street, U.S. investors are expressing the most pessimism about the direction of the stock market since February and March 2009, in the aftermath of the previous financial crisis.
The Group of Twenty (G20) will invest over $5 trillion into the global economy to overcome financial consequences of the coronavirus pandemic, leaders of G20 member-states say in a joint statement after the extraordinary summit.
The losses of Russian airlines from evacuation flights amount to at least 500 million rubles per day, President of the Association of Air Transport Users Vladimir Tasun said in a letter to First Deputy Prime Minister Andrei Belousov, published on Thursday.
Cargo shipping companies will be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024 because this leads to lower prices and better consumer services, EU antitrust regulators said on Tuesday.
German regulatory office for electricity, gas, telecommunications, post and railway market, Bundesnetzagentur has allowed Poland to participate in the consideration of the application to exclude Nord Stream 2 from the rules of the new EU Gas Directive.
Vodafone, Deutsche Telekom, Orange, Telefonica, Telecom Italia, Telenor, Telia and A1 Telekom have agreed to share mobile phone location data with the European Commission to track the spread of the coronavirus, lobbying group GSMA said on Wednesday.
Reuters has reported airport taxiways, maintenance hangars and runways are being transformed into parking lots for more than 2,500 airliners, as coronavirus has caused suspension and cancellation of flights, the news source said.