Hugo Boss expects virus hit to worsen before recovery
German fashion house Hugo Boss said it expected the impact of the coronavirus pandemic to be worse in the second quarter after it reported that...
EssilorLuxottica first-quarter sales slump on coronavirus hit, worst yet to come
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as...
EssilorLuxottica first-quarter sales show first signs of coronavirus hit
Oakley and Ray-Ban maker EssilorLuxottica reported a steep decline in first-quarter sales as the coronavirus prompted store closures....
BNP Paribas profit falls 33% on expected loan losses, equity trading hit
Profit at BNP Paribas fell by 33.1% in the first-quarter as the coronavirus crisis hit equity trading and prompted the eurozone’s biggest bank to set...
Duterte says sorry to Philippine tycoons, their firms’ shares surge
Philippine President Rodrigo Duterte has apologised for his “hurting words” about two tycoons whom he openly dislikes, responding to their help in fighting the coronavirus...
Asian stocks, oil higher as economies emerge from lockdown
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would...
United Airlines to cut 30% of management in October, preparing pilot changes too: company memos
United Airlines Holdings Inc plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and...
Tech-led Wall Street rebound set to lead Asia higher
NEW YORK Reuters) – A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on...
Qantas extends flight cancellations for two more months, raises more debt
Qantas Airways said on Tuesday it would extend flight cancellations into June and July, and added that it secured further debt funding that should support...
United Airlines plans 30% cut to management ranks from October: company memo
United Airlines Holdings Inc has told employees that it expects its management and administrative ranks to be around 30% smaller starting in October, according to...