AB InBev sees worse ahead, but some light in China
Anheuser-Busch InBev , the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, although China was...
BT scraps dividend, invests in fibre as rivals agree merger
Britain’s biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, on the day two of...
German economy minister: We’ll prevent Lufthansa from being sold out
The German government will prevent Lufthansa , the country’s flagship carrier, from being sold out, Economy Minister Peter Altmaier told Bild newspaper on Thursday....
World food prices fall sharply in April because of coronavirus: U.N.
World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations...
Norwegian Air secures shareholder funds in fight to stay aloft
Norwegian Air has secured vital funding from shareholders as it battles to survive the novel coronavirus pandemic that drove down April passenger volumes by 98.7%,...
Media giant Vivendi raises stake in Lagardere to 13.36%
French media conglomerate Vivendi has increased its stake in Lagardere to 13.36% from 10.6%, an AMF regulatory filing published on Thursday showed....
Liberty and Telefonica in $38 billion UK tie-up to take on BT
Liberty Global Plc and Telefonica SA have agreed to merge their British businesses in a $38 billion deal including debt that will step up the...
Rolls-Royce signals job cuts as lowers engine output forecast
British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce, after reports that it was considering cutting up to 8,000...
Britain’s Superdry sales plunge 37% as stores shuttered
British fashion retailer Superdry said its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world because of the...
UK parliament tells Barclays CEO: explain emergency business loans delays
The British parliament’s treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses....