German carmakers including Volkswagen and Mercedes-Benz will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.
Oil prices ticked up on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
Abu Dhabi’s Etihad Airways has the full support of its state shareholder as it plans a partial resumption of passenger flights from May 1, its chief executive Tony Douglas said on Thursday.
Amazon has no clarity yet on when its warehouses in France might reopen, the head of its French business said on Thursday, after the e-commerce giant clashed with unions over the measures taken to limit the risks of coronavirus contagion.
Abbott Laboratories (ABT) said it is rolling out a laboratory-based blood test which can detect antibodies designed to identify whether someone has had the coronavirus strain Covid-19. The digital device maker is planning to ramp up manufacturing to produce 20 million tests by June.Shares of the healthcare company, which is scheduled to report first-quarter earnings on Thursday, rose 2% to $90.94 a share, while the NYSE Composite Index dropped 2.9%. Analysts expect Abbott to earn an average 58 cents per share in the quarter.The company announced that it expects to ship close to 1 million tests this week to hospitals …read more […]
Weekly highlight of Yahoo Finance’s top tech news, features and analyses. …read more […]
Abu Dhabi’s Etihad Airways has the full support of its state shareholder, its chief executive said on Thursday as the airline announced a partial resumption of passenger flights from May 1.
Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector’s broadest plan to reduce greenhouse gas emissions to net zero by 2050. “Society’s expectations have shifted quickly in the debate around climate change,” Chief Executive Officer Ben van Beurden said in a statement. “Shell now needs to go further with our own ambitions, which is why we aim to be a net-zero emissions energy business by 2050 or sooner.” …read more […]
Beleaguered cruise operator Carnival Corp (CCL) is considering temporarily limiting the number of passengers on each cruise, according to Business Insider.One option currently under consideration for when its cruises restart is to stop passengers from booking specific cabins, sources told Business Insider. For instance, the only cabins available for booking would be alternate cabins or those with fresh air access.In fact, according to the travel agents and industry experts, Carnival is already reporting solid demand trends for 2021, says the LA Times.An online poll by CruiseCritic.com suggests that 75% of cruise passengers plan to rebook at the same rate or …read more […]
Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
Sherborne Investors said on Thursday it would withhold its vote against Barclays Chief Executive Jes Staley in the lender’s upcoming general meeting, to prevent fresh boardroom turmoil as the bank grapples with the COVID 19 fallout.
British airline EasyJet can survive a lengthy grounding of its fleet during the coronavirus pandemic thanks to measures taken to shore up its finances, the low-cost carrier said on Thursday.
Sherborne Investors said on Thursday it would withhold its vote against Barclays Chief Executive Jes Staley in the lender’s upcoming general meeting, to prevent fresh boardroom turmoil as the bank grapples with the fallout from COVID 19.
Amazon has no visibility yet on when its six warehouses in France might reopen, after a French court ordered it to limit its activities while it reinforces safety protocols during the coronavirus outbreak, its head of France said on Thursday.
(Bloomberg) — European stocks rose alongside U.S. equity futures on Thursday, trimming some losses from a day earlier as investors seeking to gauge the extent of damage caused by the coronavirus await the next set of corporate earnings and economic data. The dollar extended gains.The Stoxx Europe 600 Index opened higher with all sectors and major national gauges in the green. Contracts for the three main American benchmarks also advanced after sliding on Wednesday amid miserable economic data. Shares fell in Hong Kong and Japan while stocks in China saw modest gains. Treasuries edged lower after rallying a day earlier …read more […]
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