Delta posts loss for first quarter amid pandemic slowdown
Delta Air Lines Inc reported on Wednesday its first first-quarter loss in nine years and forecast a 90% decline in second-quarter revenue as the coronavirus crisis devastates air travel demand.
Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries’ digital unit, seeking to roll out services for India’s grocers and other small businesses by capitalising upon WhatsApp’s extensive reach within the country.
EU ‘misunderstandings’ delay deal on coronavirus economic recovery
It may take European Union countries until the summer or even longer to agree on how exactly to finance an economic recovery from the coronavirus pandemic as major disagreements persist, an official with the bloc said on Wednesday.
AT&T misses revenue estimates as coronavirus weighs on business
AT&T Inc’s first-quarter revenue fell short of Wall Street expectations and the company pulled its financial forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed strong growth in monthly phone subscribers.
Brexit’s back: double-whammy for sterling after virus shock
Shoved aside by the coronavirus pandemic, Brexit is set to work its way into the headlines again as a June deadline for extending Britain’s 11-month transition period turns currency traders’ focus – and selling pressure – back to the pound.
Futures bounce after two days of oil-led rout
U.S. stock index futures rebounded on Wednesday as upbeat quarterly earnings reports lifted investor sentiment following a two-day selloff due to a record crash in oil prices, although companies warned of more pain in the coming months.
Elevator maker Kone’s first-quarter profit beats forecasts
Finland’s Kone reported a 10% fall in first-quarter profit hurt by the coronavirus outbreak but beat forecasts and stuck with its recently adjusted 2020 outlook.
Elevator maker Kone’s first-quarter profit beats forecasts
Finland’s Kone reported a smaller than expected 10% fall in first-quarter profit on Wednesday, with demand for its elevators and services strong in many countries despite the coronavirus outbreak.
Brent slumps to 1999 lows, stocks clamber higher
Stormy oil markets sent Brent prices crashing to their lowest since 1999 on Wednesday, though a stabilisation of some petrocurrencies and a bounce in European stocks gave investors something buoyant to cling to.
Brent slumps to 1999 lows, stocks clamber higher
Stormy oil markets sent Brent prices crashing to their lowest since 1999 on Wednesday, though a stabilisation of some petrocurrencies and a bounce in European stocks gave investors something buoyant to cling to.
