The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won't return to normal until at least 2023, its chief executive Willie Walsh said on Thursday.
Swedish fashion retailer H&M said on Thursday its sales tumbled 57per cent from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.
The German government will prevent Lufthansa , the country's flagship carrier, from being sold out, Economy Minister Peter Altmaier told Bild newspaper on Thursday.
World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food agency said on Thursday.
China's exports saw a shock 3.5 percent rise in April despite a hit to external demand from the coronavirus pandemic, official figures showed Thursday.
Liberty Global Plc and Telefonica SA have agreed to merge their British businesses in a US$38 billion deal including debt that will step up the challenge to market leader BT in mobile and broadband.
British aero-engine maker Rolls-Royce said on Thursday it placed over 4,000 staff on furlough in the UK as it combats the impact of the COVID-19 pandemic on its business.
Anheuser-Busch InBev , the world's largest beer maker, forecast a "materially worse" second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China.
Soft drinks bottler Coca Cola HBC AG on Thursday said sales in April fell by more than a third as fast-food chains, theatres and other public arenas stayed shut to limit the spread of the new coronavirus during stay-at-home orders.
Liberty Global has agreed to merge its Virgin Media cable company with the O2 mobile business owned by Spain's Telefonica to create a major new force in the British telecoms market.
