Mexican referendum rejects U.S. Modelo brewer in new investment blow

MEXICO CITY (Reuters) – Residents of a Mexican city on the U.S. border voted against completing…

Coronavirus: Jaguar Land Rover to suspend production

Jaguar Land Rover is to suspend all production at its plants across the UK, in response…

Coronavirus: McDonald’s to close all UK restaurants

McDonald’s will close all 1,270 of its restaurants in the UK by the end of Monday,…

Airlines warn they may not survive without bailout

The bosses of EasyJet and Lufthansa have said some airlines may not survive without government support…

Coronavirus: BMW, Honda and Toyota suspend UK car production

The UK car industry is slowly grinding to a halt after BMW, Toyota and Honda said…

Coronavirus: Pound plunges to its lowest level in over 30 years

The pound has fallen to its lowest level against the dollar since 1985, as the spread…

How coronavirus is killing off global air travel

Qantas has become the latest major airline to cancel international flights as it struggles during the…

Uber stock drops 6.8% after it cancels car pools, tech stocks rally

Shares of Uber closed down 6.8% to $18.91 per share Tuesday, while other tech stocks rebounded, after the…

Coronavirus: Hospitality industry ‘faces thousands of closures’

The hospitality industry has warned the new government restrictions around coronavirus could shut down firms. Read…

Exclusive: Shale gas pioneer Chesapeake Energy taps restructuring advisers – sources

The Oklahoma City-based company, which was co-founded by late wildcatter Aubrey McClendon, was struggling with its…

US airlines used up spare cash buying back shares

America’s biggest airlines have called on Washington for more than $50bn (£41bn) in aid as they…

BMW releases details of its new electric car to rival Tesla

BMW released Tuesday the details of an electric concept car, with production of the vehicle expected…