Markets

McDonald's Corp reported a 16.7per cent slide in quarterly profit on Thursday as most of its restaurants across the globe limited their services to deliveries and take-aways to halt the spread of the coronavirus pandemic.

U.S. oil and gas company ConocoPhillips reported a 58per cent plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices.

U.S. oil and gas company ConocoPhillips reported a 58per cent plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices.

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.

PARIS: Orange is in intense discussions with Apple over developing France's smartphone app for tracing people who are at risk of coronavirus infection, CEO Stephane Richard said on Thursday. "There are meetings almost every day. It's not a done deal yet (...) but we have a discussion dynamic ......

CHICAGO: Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker. Now Digre is grappling ...

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.

The head of British pharmaceutical company AstraZeneca said now was the time to take risks by betting on a COVID-19 vaccine and he should know by June or July whether one from its University of Oxford partner will be effective or not.

Japan Airlines' annual net profit plunged nearly 65 percent, the company said Thursday, as it faced the "unprecedented" impact of the coronavirus pandemic on aviation demand.

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...