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Futures slip on fears of new wave of coronavirus cases

U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.

Markets

Over 80per cent of US small businesses expect longer impact of pandemic: survey

Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90per cent are bracing for an economic slowdown, the company said Monday.

Markets

German tax intake may fall €100 billion short of estimate: Bild

BERLIN: German federal and state governments and local authorities are likely to get about €100 billion less in tax revenues this year than previously estimated due to the effects of the COVID-19 crisis, mass-selling Bild reported on Monday (May 11). The paper did not cite its sources. The ...

Markets

Indonesia eyes US$1 billion rescue for virus-hit carrier Garuda

Indonesia is drawing up a $1.0 billion rescue plan for struggling national airline Garuda after the coronavirus forced the company to ground most of its planes, Bloomberg News reported Monday.

Markets

BA-owner IAG not in a position where it needs UK bailout: CEO

British Airways-owner IAG is not in a position where it has to ask for a specific bailout from the government to see it through the coronavirus pandemic, its chief executive said on Monday.

Markets

KLM passengers must bring their own face masks on all flights

Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, must wear face masks during travel starting on Monday, the airline said in a statement.

Markets

Exclusive: Wuhan, recovering from virus, weighs policies to help hometown automaker Dongfeng

China's Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Reuters, as the epicentre of China's novel coronavirus outbreak tries to revive its economy.

Markets

Ericsson raises 2025 forecast for 5G subscriptions due to pandemic

Sweden's Ericsson will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously, as a consequence of the coronavirus outbreak, it said on Monday.

Markets

Japanese telco SoftBank sees full-year operating profit stable at US$8.6 billion

Japanese telco SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen (US$8.6 billion), largely unchanged from a year earlier.

Markets

Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact

Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year.

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