KLM expects talks on financial aid to take weeks: Telegraaf
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De Telegraaf reported on Thursday.
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De Telegraaf reported on Thursday.
British supermarket group Sainsbury's estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend payment decisions until later in the financial year.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China.
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.
Audi , a unit of Volkswagen , said on Thursday it saw deliveries, revenue and operating profit "significantly below" last year as the coronavirus outbreak plays out.
European planemaker Airbus is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity problems at present, Airbus Chief Executive Guillaume Faury said on Thursday.
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.
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.