LONDON: Evidence mounted of the devastating economic impact of the coronavirus pandemic on Thursday (May 7) as hard-hit Europe moved to further ease lockdown measures that ground its economies to a halt. Germany and France reported major slumps in industrial production and Britain said its ...
REUTERS: JetBlue Airways Corp on Thursday (May 7) posted a US$268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34 per cent through 2022 to save US$1.1 billion in aircraft spending. Under a delivery schedule set on...
FRANKFURT: Lufthansa on Thursday (May 7) said it is negotiating a 9 billion euro (US$9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report. The bailout includes a non-voting capital component, known as a so-called silent ...
REUTERS: Apple Inc said on Thursday (May 7) that it was awarding US$10 million to a maker of nasal swabs and other materials for collecting samples for COVID-19 tests in a move aimed at boosting the swab maker's production to 1 million collection kits per week by early July. The...
NEW DELHI: India will within days roll out a version of its coronavirus contact-tracing application that can run on mobile carrier Reliance Jio's cheap phones, as it looks to increase the reach of the system, a senior government official said on Thursday (May 7). India, which has imposed the...
REUTERS: GlaxoSmithKline has started a trial to test an experimental rheumatoid arthritis drug on patients suffering from COVID-19 related pneumonia, after screening its drugs for potential in the fight against the coronavirus. Drug otilimab - in which GSK acquired rights from German biotech firm ...
Motorcycle maker Harley-Davidson Inc on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since February 2020.
How do you ensure that someone sick with COVID-19 stays home?
BERLIN: Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from major companies showed on Thursday. Shares in Zalando , Europe's biggest online-only fashion retailer, jumped 11per cent to a ...
REUTERS: Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more online buying will see their businesses surge this year. Square reported a surprise loss in the first quarter on Wednesday, as ...
