Airlines in Latin America, already struggling under debt and declining ticket sales, joined European and U.S. airlines in the financial carnage of the coronavirus pandemic, slashing flights as well as employees’ salaries.
Tag Archive: #globalEconomy
Days after passing emergency legislation to fund research into mitigating and treating the COVID-19 virus that has plunged the U.S. economy into a deepening crisis, the Senate announced that it is negotiating an addition $1 Trillion aid package that will bail out various industries and put cash into the pockets of every American.
Responding to the growing threat of a virus that is infecting the world’s population from the poorest to the richest, Pres. Donald Trump announced that the upcoming G7 summit in the U.S. will be cancelled and world leaders will instead meet by video-conferencing.
Troubled aerospace company Boeing is considering a complete shutdown of operations as the damage from the coronavirus pushes the world to the brink of a deep recession.