Lufthansa not planning to buy rivals weakened by COVID-19 crisis -CEO
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting...
Judge questions VW’s defense in landmark case over diesel damages
A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages from a diesel...
Futures rise on oil gains, easing of lockdowns
U.S. stock index futures rose on Tuesday, building on gains in the previous session, as oil prices jumped and a slew of countries eased coronavirus-led...
Thomson Reuters reports higher first-quarter sales and operating profit
Thomson Reuters Corp on Tuesday reported higher quarterly sales and operating profit but cut is full-year sales outlook, citing unprecedented disruption in the global economy....
Oil spurt lifts stocks out of three-day losing streak
Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease...
Beiersdorf sells more hand cream, less sunscreen
Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due...
Thai Airways rescue plan is its last chance, says PM
The government is ready to back a rescue package for Thai Airways International Pcl , but it will entail a full restructuring and there will...
Hugo Boss expects 50% sales drop next quarter as crisis impact worsens
Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any...
BNP warns of 2020 profit fall as crisis wipes out equity trading
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank’s revenue...
Italy’s CNH Industrial aims for full production by end of May
Vehicle and equipment maker CNH Industrial said on Tuesday it planned to return progressively to full operations at most of its facilities around the world...