Morocco's OCP Group expects a fertiliser plant in Ghana and an ammonia plant in Nigeria to be operational by 2024, the company's chief growth officer said, adding 2 million tonnes a year to its global output capacity.
Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.
A vote on a restructuring plan for loss-making South African Airways (SAA) was delayed until next month on Thursday, after some creditors and trade unions secured an adjournment after months of wrangling over the airline's future.
France and the Netherlands are close to an agreement on a Dutch Air France-KLM bailout contribution, three sources with knowledge of the matter told Reuters on Thursday.
Sabanci Holding aims to expand in areas where the Turkish conglomerate already has expertise such as energy and material technologies and is seeking investment abroad, its Chief Executive Cenk Alper said on Thursday.
Gulf airline Emirates needs to redefine its strategy after the coronavirus pandemic brought global aviation to a near halt, its chief operating officer said on Thursday, flagging an increased focus on bringing more visitors to Dubai.
Delta Air Lines expects to add about 1,000 flights in August but not many more for the remainder of the year, Chief Executive Ed Bastian said in an internal memo on Thursday that mentioned a resurgence of COVID-19 in parts of the country.
Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.
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Mike Ashley's Frasers Group, formerly Sports Direct, is looking to build a 10% stake in German fashion house Hugo Boss and gain a seat on the supervisory board, a magazine reported on Thursday.
Danish enzyme maker Novozymes will buy Ireland-based PrecisionBiotics in a $90 million deal, it said on Thursday, its second acquisition of a probiotics company in recent years as it seeks to grow its human health business.
Airbus has reached a crucial jetliner production target and smoothed recent industrial problems as it embarks on a new phase in its response to the coronavirus crisis, the planemaker's chief operating officer said.
Danish enzymes maker Novozymes will buy Irish-based PrecisionBiotics in a $91 million deal, it said on Thursday, the firm's second acquisition of a probiotics company in recent years, as it seeks to grow its human health business.
Lordstown Motors Corp will show off its planned electric pickup truck at an event on Thursday as the startup seeks to begin producing vehicles at a former General Motors factory in northeast Ohio.
European stocks swung to positive territory on Thursday, with a jump in shares of Lufthansa and Bayer helping Germany outperform as investors weighed the economic risks of a number of upturns in coronavirus infections.
Budget airline easyJet has raised about 419 million pounds ($520 million) through a share placing to help bolster its finances after the COVID-19 pandemic devastated the travel industry.
Lufthansa shares jumped by 10% on Thursday after investor Heinz Hermann Thiele dropped his objections to a 9 billion euro ($10.12 billion) government bailout to rescue the carrier hit hard by the coronavirus pandemic.
Plus-sized fashion retailer N Brown on Thursday scrapped it dividend for the fiscal year 2021, but said sales had started to improve in recent weeks after posting a drop in the first quarter due to coronavirus-led lockdowns.
Britain's FTSE 100 index is seen opening 19 points lower at 6,105 on Thursday, according to financial bookmakers, with futures down 0.50% ahead of cash markets open.
Reuters
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9 minutes 41 seconds ago
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