American Airlines forecasts first positive cash flow since pandemic began
American Airlines (AAL.O) said on Tuesday it expects positive cash flow in the second quarter for the first time since the pandemic began, reversing a trend of cash burn of about $100 million a day when global travel had ground to a halt.
Analysis: Delta-spurred curbs cloud European recovery outlook
Rising coronavirus infection rates, driven by the fast-spreading Delta variant, are forcing more countries around Europe to re-impose restrictions that could cast a pall over the region’s economic recovery prospects.
Virus variants threaten global recovery, G20 warns
An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world’s 20 largest economies warned on Saturday.
EXCLUSIVE Turkey’s banks set for capital healing after pandemic battle -sources
Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’s battle against COVID-19, senior bankers and government officials say.
International tourism not seen rebounding until 2023 – UN report
International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a U.N. study said on Wednesday, adding the sector is not expected to rebound fully until 2023.
Oil slips after hitting highest since 2018 before OPEC+ talks
Oil prices slipped on Monday after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on their rally before this week’s OPEC+ meeting.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
REUTERS EVENTS Death after COVID: What insurers do not know about post-pandemic mortality
Life insurers need to look well beyond COVID-19 deaths to see how the global pandemic is altering the mortality risk of people they cover, a medical insurance expert said on Wednesday.
Global companies’ capex to hit decade-high growth this year -Refinitiv data
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
Self-driving startup WeRide deepens ties with Nissan, raises $310 mln
WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor (7201.T) on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation.
