Markets

Japan's Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200per cent due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.

Twilio Inc shares surged 32per cent to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.

Lufthansa on Thursday said it is negotiating a 9 billion euro (US$9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund.

Consumer demand for cars could begin to recover this month in the United States after steep declines due to the coronavirus pandemic, but the hard-hit travel and dining industries will likely continue to face difficult times, according to a major U.S. advertising agency.

REUTERS: Harley-Davidson Inc on Thursday (May 7) appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle manufacturer looks to tap into his expertise to woo customers and revive sales. Shares of Harley, which were down 47 ...

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...