Business News

Why Cathay Pacific, Singapore Airlines may take longer to recover

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Aircraft operated by Cathay Pacific Airways Ltd. stand on the tarmac at Hong Kong International Airport in Hong Kong, China, on Friday, Aug. 7, 2020.

Paul Yeung | Bloomberg | Getty Images

Singapore Airlines and Hong Kong’s Cathay Pacific Airways will “inevitably” take a longer time to recover from the coronavirus crisis, an aviation consultant told CNBC.

That’s because these carriers are based in markets with no domestic demand for flights, in a time where international travel is still very limited, said Joanna Lu, Asia’s head of consultancy at Cirium.

Airlines have suffered massive losses since air travel was virtually

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Kroger and CVS Health roll out business-to-business coronavirus testing

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With a nasal swab and a test tube, hundreds of Kroger employees have given themselves a Covid-19 test at home. 

The nation’s largest supermarket chain said Thursday it wants to sell the at-home test kits to employers trying to reopen or stay open as the coronavirus pandemic continues. 

Kroger and CVS Health are both pitching themselves to employers as nationwide testing delays cause long waits for patients and make it harder for public health officials to track the virus and stop its spread. The slow turnaround times, which can be a week or more, have also made it harder for

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Tapestry (TPR) Q4 2020

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Employees prepare a window display at a Kate Spade shop in The Shoppes at Marina Bay Sands shopping mall in Singapore on June 19, 2020 as retail shops reopen in Singapore following the further easing of restrictions that were in place due to the COVID-19 novel coronavirus.

Roslan Rahman | AFP | Getty Images

Coach and Kate Spade owner Tapestry reported a narrower-than-expected loss on Thursday, as strong online sales helped offset the impact of closed stores during the coronavirus pandemic. 

It also said it will reduce expenses and focus on digital growth as part of a turnaround plan.

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Broadway musical ‘Diana’ to bypass closed stage for Netflix

spike 19 hours ago

(L-R) Roe Hartrampf, Judy Kaye, Jeanna de Waal and Erin Davie pose at a Meet & Greet for the new cast and creative team of the new musical “Diana” on Broadway at The Lotte New York Palace on January 30, 2020 in New York City.

Bruce Glikas | WireImage | Getty Images

The Broadway musical “Diana” isn’t waiting for theaters to reopen in New York to offer its show to a live audience — it’s going to Netflix.

In an unconventional step, the cast and crew will reunite in an empty theater to perform the musical for cameras and put

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