Business & Finance News
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline’s competitiveness after the coronavirus crisis and preserve as many jobs as possible.
Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time – a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, the social media network said on Thursday.
Nokia Oyj eked out a small profit in the first quarter, backed by demand for its new high-margin 5G telecoms equipment, and predicted a strong second half of the year, sending its shares higher.
Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion), newspaper Handelsblatt cited sources with knowledge of the matter as saying on Thursday.
Credit Suisse’s search for a new chairman is well underway, the current chairman Urs Rohner told shareholders at the bank’s annual general meeting on Thursday.
World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.
Oil prices jumped on Thursday, lifted by signs that the U.S. crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus.
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain business during the coronavirus crisis, it said on Thursday.
British supermarket group Sainsbury’s warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said it would defer any dividend payment decisions until later this year.
Fiat Chrysler said on Thursday its Italian network of approved dealers and mechanic workshops would reopen on May 4, when the country is set to start lifting a national lockdown put in place to limit the spread of the coronavirus.
Global smartphone production is expected to slump a record 16.5% to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said https://press.trendforce.com/press/20200430-3357.html, despite supply chains resuming after weeks of shutdown.
Reckitt Benckiser achieved record sales growth in the first quarter and predicted a stronger than expected performance in 2020 as customers stocked up on Lysol disinfectants, Mucinex cough syrup and Dettol soap ahead of the coronavirus lockdowns.
U.S. agribusiness giant Cargill said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum Holdings KFC.
Nissan Motor Co’s vehicle sales in China this month almost recovered to the prior year’s level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker’s preliminary data said.
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support needed due to the coronavirus crisis, it said on Thursday.
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