Factory output plummeted by record measures across Asia, Europe and Latin America during April. (WSJ)
Aluminum prices have tumbled 18% since the start of the year. (WSJ)
U.S. trade deficit is expected to have widened in March as the pandemic upended supply chains and slashed consumer spending. (WSJ)
Airplane companies have sold a combined $32 billion of debt in a series of blockbuster deals. (WSJ)
United Airlines expects to shrink its management and administrative ranks by at least 30% starting in October. (WSJ)
General Electric is cutting roughly 13,000 jobs in its jet engine business.
Some Italian factories resumed production as the country eased restrictions on wholesale commerce. (WSJ)
The U.S. charged two Iranians with violating U.S. sanctions on Iran through the purchase of a petroleum tanker. (WSJ)
Tyson Foods says the coronavirus pandemic will disrupt business for months and cut into its supplies for grocery stores and restaurants. (WSJ)
Carnival Cruise Lines plans to resume some sailings starting Aug. 1. (WSJ)
Domestic same-store sales at Denny’s restaurants fell 76% in April. (WSJ)
Blue Bell Creameries will pay a $19.4 million fine related to a fatal listeria outbreak. (WSJ)
A veteran Amazon vice president resigned over what he says are the firings of workers raising concerns about safety in the company’s warehouses. (Washington Post)
Sales by global textile manufacturers have declined 33% on average compared to last year. (Sourcing Journal)
Large rail projects in Southeast Asia are on hold as China reins back its Belt and Road spending to focus on its economic recovery. (Nikkei Asian Review)
Postal operators are facing a capacity squeeze because of the withdrawal of international air services. (DC Velocity)
The pandemic is hampering the U.K.’s efforts to recruit and train customs workers for post-Brexit border controls. (Bloomberg)
South Africa’s Imperial Logistics is selling its European shipping business as part of a broader corporate overhaul. (Reuters)
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