Austria eyes Easter ‘resurrection’, easing coronavirus lockdown at shops

“We reacted faster and more restrictively than in other countries and could therefore avoid the worst. But this fast and restrictive reaction now also gives us the possibility to come out of this crisis more quickly,” Kurz, a conservative who governs with the left-wing Greens, told a news conference.

Austria says it will deny entry to arrivals from Italy over coronavirus

“We are carrying out border checks at the border crossings. Entry is only possible with a valid health certificate from Italy or alternatively if there is the possibility of 14 days’ accommodation in isolation,” Nehammer said. “A journey through Austria is allowed as long as no stops must be made in Austria.”

Norwegian Air’s March traffic tumbles 60% amid virus lockdown

A pioneer in low-fare transatlantic air travel, the carrier’s rapid expansion has left it heavily in debt. It has repeatedly raised cash from shareholders in order to stay in business and its Oslo-listed shares have plunged 78% so far this year.

Euro zone investor morale hits all-time low on coronavirus – Sentix

BERLIN (Reuters) – Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday.

U.S. barge lines beef up crew safety as virus threatens crucial cargo

Any disruption to the floating pipeline of raw materials and finished goods could deepen the economic pain for critical industries already stinging from the coronavirus pandemic. The virus’ spread across the globe, with infections reaching nearly 228,000 people and deaths topping 9,200, has hammered financial markets and all but ensured a global recession.

EMERGING MARKETS-Latam FX hit new lows, Brazil stocks set for worst day in over 21 years

* Mexican, Colombian, Chilean pesos at record lows * Brazil’s Bovespa index set for worst day since Oct. 1998 * Azul dives as it cuts international flights (Adds comment, updates prices) By Shreyashi Sanyal March 12 (Reuters) – Most Latin American currencies touched historic lows on Thursday and regional stocks nosedived after Washington’s unexpected curb […]

Tabreed buys 80% of Emaar Properties’ Dubai cooling business for $675 million

“It’s the biggest integrated district cooling scheme in the world in the biggest district cooling market in the world, which is Dubai, so we really went after the crown jewel of the crown jewel of district cooling acquisitions,” Khaled Abdullah Al Qubaisi, Tabreed chairman, said in an interview with Reuters on Monday.

UPDATE 1-Tabreed buys 80% of Emaar Properties’ Dubai cooling business for $675 mln

“When we were looking at this deal we really took extremely conservative assumptions about growth,” Qubaisi said. “Even if you look at a six month interruption, it doesn’t affect us a lot. All those public areas that are shut down right now are still consuming cooling and need to be cooled.”

Austria launches coronavirus aid, ready to help support companies

The disease first reached Austria from Italy, and the mountainous west of the country wedged between Italy and Germany has been hardest hit. The ski resort of St Anton am Arlberg and the whole valley of another top resort, Ischgl, were put under quarantine on Friday because of clusters there.

Too soon to ease anti-virus curbs, Swiss say as new cases decelerate

“You cannot forget that even when we are at the peak it does not mean it is over. The peak is only the moment you hope it goes down. When it is really going down then you can imagine measures to loosen up,” he said, urging people to stay home.