Britain's biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, as it prepares to meet the challenge posed by the merger of two of its biggest rivals.
U.S. stock index futures jumped on Thursday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of an economic recovery, even as investors braced for what is likely to be another gloomy weekly jobless claims report.
JetBlue Airways Corp on Thursday posted a US$268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save US$1.1 billion in aircraft spending through 2022.
Apple Inc said on Thursday 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.
Global sales of luxury goods are expected to slump by 50per cent to 60per cent in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday.
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.
