Siemens hit by industrial slowdown and energy problems
German engineering company Siemens , hit by a global slowdown in power and gas and among industrial customers, said on Wednesday it missed forecasts for first-quarter sales and profit in what its chief executive called a “slow start to the year”.
Qatar Airways in talks to buy 49% RwandAir stake, interested in increasing LATAM investment
Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir, and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.
Stimulus hopes, virus containment steps lift world stocks
Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers’ concerns for the disease’s economic impact.
Vodafone to remove Huawei from core of European network
Vodafone will remove Huawei technology from the core of its European networks following Britain’s decision to restrict the Chinese company’s role in 5G and new EU guidelines on the firm’s equipment, Chief Executive Nick Read said.
Oil jumps 3% on reports of effective coronavirus drug
Oil prices jumped by more than 3% on Wednesday on media reports that scientists have developed an drug against the fast-spreading coronavirus that continued to weigh heavily on global economic activity.
Qatar Airways CEO says interested in increasing stake in LATAM to 20%
Qatar Airways is interested in increasing its stake in Chile’s LATAM Airlines to 20%, its chief executive said on Wednesday.
Imperial Brands’ profit growth evaporates after U.S. vaping crackdown
Tobacco group Imperial Brands said it would not see any profit growth this year after tighter regulation in the United States, the world’s biggest vaping market, has sapped demand.
Airline industry healthy enough to absorb significant downturn in China’s economy: IAG CEO
The airline industry is “without question” healthy enough to absorb a significant downturn in China’s economy, said Willie Walsh, chief executive of International Airlines Group, which owns British Airways.
IAG CEO says coronavirus impact on air travel demand will be marginal
The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal.
Qatar Airways in talks for a 49% stake in RwandAir: CEO
Qatar Airways is in talks to acquire a 49% stake in RwandAir, its chief executive said on Wednesday.
