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Kenya Airways named the head of its low-cost subsidiary as its new chief executive on Thursday.

El Al Israel Airlines on Thursday said it expects a loss in revenue of $50-$70 million in the January-April period due to the global coronavirus outbreak and suspended flights to Italy and Thailand.

British Airways said it would cancel some flights to and from Milan, Italy, and Seoul, South Korea, as a result of reduced demand for travel to both areas due to coronavirus outbreaks.

India's securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing to disclose key information related to a $2 billion fraud at Punjab National Bank (PNB).

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

British finance minister Rishi Sunak ordered an additional set of economic forecasts to be produced by the country's independent budget forecaster, asking that they be published on March 13 - two days after he delivers his first budget.

China should stockpile some non-ferrous metals to take the pressure off producers whose sales have been drying up because of the country's coronavirus outbreak, the China Nonferrous Metals Industry Association (CNIA) said on Thursday.

Britain said on Thursday it wants "legally binding" obligations on access to the European Union financial market coupled with arrangements for maintaining trust as rules evolve.

Britain on Thursday unveiled a tough negotiating mandate for talks with the European Union, underlining its desire for future economic and political independence that pits London on a collision course with Brussels.

European stocks slumped 4% on Thursday, entering correction territory as a jump in coronavirus cases outside China deepened fears of a looming pandemic that could dent global growth.

Two further cases of coronavirus have been confirmed in the United Kingdom, bringing the total number of cases to 15, England's chief medical officer Chris Whitty said on Thursday.

Bayer said on Thursday it was targeting growth in adjusted core profit of 7% to 9.6% this year, driven by sales of agriculture products and pharmaceuticals, with only the upper end of that range meeting market projections.

Aviation services group John Menzies said on Thursday it would take a hit of between 6 million and 9 million pounds ($7.8 million-$11.7 million) from the coronavirus outbreak, assuming the impact of the virus subsides towards the end of the second quarter.

China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.

Aviation services group John Menzies said on Thursday it would take a hit of between 6 million and 9 million pounds ($7.8-$11.7 million) from the coronavirus outbreak, assuming the impact of the virus subsides towards the end of the second quarter.

Dassault Aviation said on Thursday its operating income rose 14% last year, and it predicted lower net sales for 2020.

Indian jewellers have received surprise tax notices asking them to turn over money they made from customers who scrambled to buy gold after Prime Minister Narendra Modi's 2016 ban on high-currency notes, according to a dozen jewellers and tax officials.

France's Safran posted a stronger-than-expected rise in 2019 core profit led by jet engine spare parts, but warned of flat-to-lower 2020 revenue hit by Boeing's 737 MAX grounding crisis.

The coronavirus epidemic has prompted Australian firms to cut over $500 million from profit forecasts in the current financial year, a Reuters analysis showed, as a stock sell-off sparked by the outbreak wipes billions of dollars from company valuations.

France's Safran posted a faster-than-expected rise in 2019 core profit led by jet engine spare parts, but warned of flat-to-lower 2020 revenues as it counts the cost of Boeing's 737 MAX grounding crisis.