Franco-Italian turboprop maker ATR on Monday became the latest aircraft manufacturer to prepare for production cuts due to the coronavirus crisis, with its chief executive telling Reuters a decision on the extent would be taken in the coming weeks.
Athletic apparel maker Under Armour Inc on Monday reported a 23% fall in quarterly revenue, as retailers across the world remained shut due to the COVID-19 pandemic.
Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
Administrators trying save South African Airways (SAA) will appeal a court ruling that ordered them to halt a layoff process, one of the administrators Siviwe Dongwana told Reuters.
Tapestry Inc Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords.
Franco-Italian turboprop maker ATR will take a decision on cutting production in coming weeks after delivering no aircraft in the first quarter, in part due to the coronavirus crisis, its chief executive said on Monday.
Malaysia’s Axiata Group Bhd has secured a total of $800 million in syndicated multi-currency Islamic financing facilities for its sustainability-linked initiatives, the company said in a statement on Monday.
London's FTSE 100 rose for a fourth straight session on Monday, as investors pinned their hopes on a revival in business activity with Prime Minister Boris Johnson outlining plans to gradually ease some coronavirus-induced lockdown measures.
France tiptoed out of one of Europe's strictest coronavirus lockdowns on Monday, allowing non-essential shops, factories and other businesses to reopen for the first time in eight weeks as the risks of a second wave of infections loomed large.
Britain and the European Union start their penultimate scheduled round of trade talks on Monday with little progress on major sticking points before a June deadline to agree on any extension of negotiations.
Britain's easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees.
South Korea's largest airline Korean Air will decide whether to sell up to about 1 trillion won ($820.24 million) in shares in a board meeting on Wednesday, Yonhap said on Monday, as finances come under strain from the coronavirus pandemic.
Britain's easyJet urged the government to keep any quarantine requirements on travellers arriving in the UK for only a short period, as airlines face a new threat to their survival.
Hong Kong shares tracked Wall Street higher on Monday, on course for their best session since April 7, as more countries looked to restart their economies.
U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation's food supply even as workers got sick and died. Yet the plants have increasingly been exporting to China while U.S. consumers face shortages, a Reuters analysis of government data showed.
Tapestry Inc Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords.
Qantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic.
Brazilian meat processor BRF SA reduced its net loss in the first quarter of 2020 to 38 million reais ($6.63 million), compared to a loss of 1 billion reais in the same period last year, thanks to a rise in sales volumes and value.
Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns.