BMW cuts margin outlook for cars division, citing coronavirus woes
BMW on Tuesday lowered the outlook for the profitability of its automotive and motorcycles divisions, citing worse-than-expected demand which has been hit by measures to...
Delta caps aircraft seating capacity to ensure safety amid COVID-19
Delta Air Lines said on Tuesday it was putting a limit to seating capacity in its airplanes, as the U.S. carrier looks to provide a...
Wall Street jumps as energy shares rise, lockdowns ease
Wall Street’s main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions...
3M wins injunction against mask seller accused of price gouging
3M Co won an injunction from a federal judge against a New Jersey company it accused of illegally using its trademarks to sell 3M-branded N95...
Book a table for fast food? Burger King trials post-lockdown app in Italy
Burger King is trialling an app for ordering food and booking a table at its outlets in Italy, as it seeks to persuade locals it...
Fed’s Evans says ‘reasonable’ to expect U.S. growth in second half of 2020
Chicago Federal Reserve President Charles Evans said on Tuesday it’s “reasonable” to expect the U.S. economy to return to growth in the second half of...
U.S. trade deficit widens, services sector contracts amid coronavirus
The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import...
Lufthansa to pay no dividend for 2019 as airline seeks bailout
Lufthansa shareholders on Tuesday agreed to not distribute 298 million euros ($323 million) in retained profits as a dividend for 2019, as the airline enters...
Oil surge lifts global stocks out of three-day losing streak
A gauge of global stock markets snapped a three-day losing streak on Tuesday as moves to ease major economies out of their coronavirus lockdowns lifted...
Thomson Reuters cuts sales outlook, narrowly misses earnings estimates
Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly...