EasyJet, Heathrow want early exit from UK quarantine rules
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.
Telco SoftBank sees stable profit, offering Son respite from virus
SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier, as it continues to generate cash amid the coronavirus-induced economic downturn.
Nissan’s China sales grew 1.1% in April as market recovered
Japanese automaker Nissan Motor said on Monday its April sales in China grew 1.1% from a year earlier to 122,846 vehicles, as the world’s biggest auto market recovered from the coronavirus.
Oil prices fall on supply glut, fears of second virus wave
Oil prices slipped more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world’s top producers.
Korean Air to decide up to $820 million rights issue this week: Yonhap
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.
Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact
Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year.
Japanese telco SoftBank sees full-year operating profit stable at $8.6 billion
Japanese telco SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier.
EasyJet urges Britain to keep quarantine rules for short period
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.
Roche’s U.S. gRED research head to retire, be replaced by MIT’s Regev
Roche said Monday it has hired a Massachusetts Institute of Technology (MIT) professor as the new head of the Swiss drugmaker’s U.S. research arm that was responsible for some of the company’s best-selling medicines of the last few decades.
Stocks rise as more economies emerge from lockdown
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
