Airbus Restructures; IMF Sees Asia Pain Persisting: Virus Update

Airbus Restructures; IMF Sees Asia Pain Persisting: Virus Update

Airbus Restructures; IMF Sees Asia Pain Persisting: Virus Update



(Bloomberg) “” Airbus SE embarked on the most extensive restructuring in its history, setting out plans to cut 15,000 civil-aerospace jobs worldwide as it attempts to steer through the crisis brought on by the coronavirus pandemic.

Anthony Fauci, the U.S. government's top infectious disease specialist, warned lawmakers that coronavirus infections in the U.S. could rise to 100,000 a day if behaviors don't change.

Asia's loss of economic output due to the deadly coronavirus will likely persist until 2022, according to the International Monetary Fund. Property markets in Singapore and Australia extended their downward trend amid the pandemic. Home prices in the city state fell for a second consecutive quarter after a two-month lockdown shut most of its economy, while Australian prices fell for a second straight month in June.

Key Developments:

Global Tracker: Global Cases 10.4 Million; Deaths 509,779

How do people catch Covid-19? What experts say: QuickTake

Trump's Surgeon General Says 'Please, Please, Please' Wear Mask

Europe's Move to Keep Americans Out Signals Long Travel Slump

Airlines risk extinction as India refuses to rescue billionaires

Tokyo Offices Seen Facing Record Vacancies on Shift to Telework

U.S. states beg, borrow and cut to close massive budget gaps

Subscribe to a daily update on the virus from Bloomberg's Prognosis team here. Click VRUS on the terminal for news and data on the