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Singapore Air's 'greatest Challenge' Prompts Cuts Affecting 10,000 Staff
Singapore Airlines (SIA) will cut capacity by 96%, ground almost its entire fleet and impose cost cuts affecting about 10,000 staff because of coronavirus travel curbs it described as the "greatest challenge" it has ever faced. Full investment news article
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To Trade Or To Halt? That Is The Question Confounding Global Markets As Stock Indexes Plunge Amid Pandemic
As governments from Auckland to San Francisco took the unprecedented step of ordering residents to stay home to contain the coronavirus pandemic, financial regulators faced a vexing question: what to do with the stock markets, especially the ones that still employ humans on trading floors? New York Stock Exchange (NYSE) on Monday closed its iconic trading floor and transferred all transactions to its electronic trading platform after two people working at the world's largest financial market caught the novel coronavirus … Full investment news article
Relevent to this post: State Administration of Foreign Exchange
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