German minerals firm K+S is preparing a potential application for state aid as the company grapples with a high debt load and the fallout from the coronavirus pandemic, people close to the matter said.
Peruvian miners are set to restart operations in coming days and ramp up to around 80% of normal production levels within a month, a senior official at the country's mining industry group told Reuters, as the world's No. 2 copper producing country looks to rebound from the impact of the coronavirus pandemic.
Canadian farmers plan to seed less canola and more wheat in 2020, Statistics Canada said on Thursday, but noted the coronavirus crisis meant the agency's survey data was collected under "exceptional circumstances" that resulted in a lower response from farmers.
Sugar exports from India have gained momentum due to strong demand from Indonesia and Iran as the rupee slid to a record low, increasing exporters' margins from overseas sales, five industry officials told Reuters.
Iran is scrambling to buy millions of tonnes of wheat, corn and soybeans to shore up its reserves, Iranian officials and traders said, despite President Hassan Rouhani's assertions that the coronavirus would not endanger food supplies to the Middle Eastern country worst hit by the pandemic.
Three investors in easyJet have thrown their weight behind the British airline's management in their battle with the founder and biggest shareholder Stelios Haji-Ioannou over a 4.5 billion pound plane order.
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022.
Three investors in easyJet have thrown their weight behind the British budget airline's management in a battle between management and the company's founder and biggest shareholder Stelios Haji-Ioannou.
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had revised its order book with Airbus SE to reduce its aircraft capital expenditures by $1.1 billion through 2022.
There is no room on the range for cattle, as shuttered slaughterhouses across North America due to the pandemic leave farmers nowhere to ship their animals.
Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday.
Qatar Airways is in talks with banks for loans worth billions of dollars, three sources familiar with the matter said, as the state-owned airline readies to begin rebuilding its network that has been crushed by the coronavirus pandemic.
European shares rose on Thursday as a surprise rise in China's exports overshadowed another set of grim results and a warning from Air France-KLM that demand could take "several years" to recover.
Stronger than-expected Chinese export numbers might boost speculation that the Asian giant's economy can recover quickly and come to the aid of global growth. But markets gave the figures only a cautious welcome, focusing perhaps on the double-digit fall in imports as a reflection of collapsing demand.
Marubeni Corp said on Thursday it expects a net profit of 100 billion yen ($942 million) in the financial year through next March, a turnaround from a record loss of 197.5 billion yen posted this year due to the coronavirus crisis and a slump in oil prices.
China will ensure foreign firms have equal access to government support policies, including those on land and tax cuts, the commerce ministry said on Thursday.
The CEO of British Airways-owner IAG said on Thursday the process for it to acquire Spanish airline Air Europa was ongoing, although he noted that the agreement between the pair did contain a price adjustment mechanism.
Reuters
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