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 […]
Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) first-quarter net profit almost doubled, beating analyst estimates, as strong demand for faster chips helped offset disruptions caused by the coronavirus pandemic. The world’s largest contract chipmaker, whose clients include tech companies such as iPhone maker Apple Inc, said profit in the January-to-March period was T$116.987 billion ($3.89 billion), up 90.6% from a year earlier. Buoyed by demand for advanced chips from clients investing in 5G technology and artificial intelligence, TSMC’s revenue rose 45.2% to $10.31 billion, versus its forecast range of $10.2 billion to $10.3 billion. …read more […]
(Bloomberg) — U.S. stock index futures rose, erasing earlier losses, as investors weighed whether the coronavirus outbreak is slowing enough for the government to move toward relaxing stay-at-home rules.Contracts on the S&P 500 rose 0.9% as of 7:48 a.m. in London, erasing an earlier loss of 1.1%. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing in parts of the country.“Investors are expecting economic activity to resume soon, as the virus appears to be peaking out,” said Naoki Fujiwara, chief fund manager at Shinkin Asset Management Co. “But …read more […]
Apple Inc’s new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, with analysts noting it lacks the 5G capability that most new Chinese smartphones in a similar price range offer.
Goldman Sachs Group’s (GS) quarterly profit almost halved as the U.S. investment banks set aside almost a $1 billion to cover potential loan losses tied to the coronavirus pandemic.Net earnings in the first quarter ended March 21, slumped 49% from the year-ago period to $1.21 billion. Diluted earnings per common share (EPS) fell to $3.11 in the first three months of the year from $5.71 in the same period last year 2019. Goldman missed analysts’ estimates expecting a profit of $3.35 per share on average. The investment bank’s stock rose a mere 0.2% to $178.52.Provision for credit losses increased …read more […]
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast revenue growth of roughly 30% this quarter, suggesting the chipmaker to Apple Inc. and Huawei Technologies Co. is confident of resilient demand for advanced semiconductors during a pandemic-induced downturn.The world’s largest contract chipmaker expects revenue of between $10.1 billion and $10.4 billion from April to June, at a time Covid-19 is spreading across the globe. That forecast followed a near-doubling of net income to NT$116.99 billion ($3.9 billion) for the three months ended March, when demand for advanced silicon remained steady during the pandemic.The robust results from TSMC, a barometer for the tech …read more […]
British low cost airline easyJet said it would be able to survive a lengthy fleet grounding during the coronavirus pandemic due to the steps it had taken to shore up its finances.
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