Boeing suspending 787 production at South Carolina plant

Airplane manufacturing giant Boeing announced on Monday it would suspend 787 production at South Carolina plant amid the coronavirus pandemic.

Russia and Saudi 'very close' to oil deal – Moscow envoy

Kirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.

Shares rebound on signs of progress in battling virus

As global novel coronavirus infections slow down in hardest-hit countries, Asian shares and US futures, including the energy sector, start to rebound.

Oil prices under pressure from Saudi-Russia dispute

Prices may decline more gradually after Saudi Arabia sent a signal that a production cut deal may be ahead, and the US has said it will put pressure on Saudi Arabia and its allies for such a deal.

5G coronavirus conspiracy theory is dangerous fake nonsense, UK says

British officials says it is very dangerous to spread conspiracy theories which link 5G mobile telecommunications masts to the spread of the novel coronavirus.

Africa could lose 20 million jobs due to coronavirus

The continent's economy could shrink up to 1.1 percent this year, trade could fall 35 percent from 2019 levels, and oil producers, tourist destinations will be hit hard, a study by African Union says.

China says it sold nearly four billion face masks abroad

Beijing has encouraged factories to increase the production of medical supplies as pandemic kills over 65,000 globally and parts of the world face protective equipment shortage.

Turkish Cargo adds passenger aircrafts for operations amid coronavirus

Turkish Cargo, a division of national flag carrier Turkish Airlines, plans 155 flights per week for cargo freighters and 60 flights for passenger aircrafts being used for cargo operations in April, a statement says.

Iraqis rally to help needy families as virus hits, economy falters

Coronavirus epidemic has killed 56 Iraqis and infected more than 800 others, according to the country's health ministry. Many suspect the real numbers to be much higher, as only a few thousand people from a population of 40 million have been tested.

Trump threatens tariffs on oil imports to "protect" US energy workers

Oil prices have dropped by about two-thirds this year as the pandemic crushes demand and as major producers Russia and Saudi Arabia boost output in a war over market share.

US coronavirus supply spree sparks outrage among allies

Order of 200,000 Germany-bound masks from a 3M factory in China “confiscated” in Bangkok, said Berlin Secretary of Interior Geisel, calling it an “act of modern piracy." Canada's Trudeau calls US blockade of equipment a mistake that could backfire.

The pandemic opens up a huge rift in Europe

The financially well-off members such as Germany and the Netherlands are hesitating to help Italy, Spain and France, where thousands have been killed by Covid-19.