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Fonterra said on Thursday the coronavirus outbreak was "like nothing we've experienced before" even as the world's largest dairy exporter posted a near 59% jump in nine-month underlying operating profit due to agreed upon contracts.

L Brands Inc posted a bigger-than-expected quarterly loss on Wednesday, as its Victoria's Secret and Bath & Body Works stores remained shut during the period due to the cornavirus-induced lockdowns.

L Brands Inc reported a 37% slump in quarterly net sales on Wednesday, hit by weak demand for its Victoria's Secret lingerie brand amid the COVID-19 pandemic.

Colombia on Wednesday followed Argentina's footsteps and imposed one of the toughest travel bans in the world to fight coronavirus, saying no international passenger flights will be allowed until Aug. 31.

A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said.

The world's largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe its grounded fleet and sources said Emirates was in talks to reduce remaining deliveries.

There will be no cap on the size of Canada's emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, including one that gives taxpayers a chance to share in the upside of the borrower's potential recovery, the government said on Wednesday.

The German government has agreed on final details of a rescue package for struggling airline carrier Lufthansa , Der Spiegel magazine reported on Wednesday.

The European Union's Brexit negotiator said on Wednesday that Britain was not automatically entitled to any benefits that the bloc had previously granted to other partners on trade.

Sports wear, sleep wear and bras are the new best sellers at Marks & Spencer, while suits and ties gather dust, as the coronavirus lockdown transforms shoppers' priorities, Britain's biggest clothing retailer said on Wednesday.

Administrators in charge of South Africa's Edcon believe there is a reasonable chance of saving the retailer after it filed for a form of bankruptcy protection in April.

Affirma Capital, run by former Standard Chartered bankers, has hired JP Morgan to advise on the sale of the private equity firm's minority stake in a Jordanian agricultural and food processing company, two sources told Reuters.

Canada's loans for large companies that need help during the coronavirus outbreak will have no upper limit but they will include restrictions aimed at helping taxpayers share in the upside of the borrower's potential recovery, the finance minister said on Wednesday.

OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.

Emirates, one of the world's biggest long-haul airlines, is in talks with European planemaker Airbus over whether to take delivery of its last remaining A380 superjumbos on order, according to two industry sources.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift recovery from the coronavirus crisis and the fact its CEO has committed to a pay cut for just one year.

Shares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq.

JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in travel that has been crushed by the coronavirus pandemic.

Britain said on Wednesday it saw no need for new customs infrastructure with Northern Ireland as it unveiled its proposals for how the border with the province would work next year when a status quo transition period ends with the EU.