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...
Pernod Ricard sales hit by coronavirus, share buyback halted
French spirits maker Pernod Ricard said on Thursday it was suspending a share buyback of up to 500 million euros ($541 million) and keeping a...
Adidas plans a multi-billion bond to replace state loan: Manager Magazine
German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the state-backed loan it agreed to take earlier this month...
Ryanair must be clearer about full ticket price: EU court
Ryanair must indicate the full price of the ticket when it displays offers on its website, the EU’s top court said on Thursday....
Oil rallies on Gulf tensions and output cuts
Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more...
Adidas plans a multi-billion euro bond: manager magazine
German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the government-backed loan it agreed earlier this month to help...
Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’
Sweden’s AB Volvo on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected...