Renault seeks state-backed loan as coronavirus crisis drags on
Renault is in talks with the French government to secure a state-backed loan worth several billion euros by mid-May to shore up its liquidity during...
Eli Lilly reports 15% rise in quarterly sales
Eli Lilly and Co reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also...
UniCredit appoints Hecker as global head of equity capital markets
UniCredit has appointed Jana Hecker, formerly at Deutsche Bank, as its global head of equity capital markets (ECM), Italy’s biggest bank said on Thursday....
Fiat Chrysler to restart van production at Atessa plant at 70% normal rate: union
Fiat Chrysler (FCA) aims to restart van production at its Atessa joint venture plant in central Italy at 70% of the normal rate, a union...
With reopenings in U.S. South, some merchants lay out welcome mat, others fearful
Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her...
Mideast governments failing to protect airlines: IATA
Middle East governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the...
Daimler’s earnings plunge as coronavirus hammers sales
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned...
IATA not satisfied with Middle East efforts to support airlines
The International Air Transport Association’s vice president for the Middle East said on Thursday that the industry body was not satisfied with regional government’s efforts...
Italy’s Triboo starts selling Chinese COVID-19 antibody tests
Italian digital services company Triboo said on Thursday it had started selling antibody tests for Covid-19 produced by China’s SOBC Outdo Biotech, as Italy draws...
Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year
South Korea’s Hyundai Motor Co said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after...