LONDON (Reuters) – The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won’t return to normal until at least 2023, its chief executive Willie Walsh said on Thursday. FILE PHOTO: Willie Walsh Chief Executive of International Airlines Group (IAG) attends
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(Reuters) – Facebook Inc’s (FB.O) new content oversight board will include a former head of state, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members, the company announced on Wednesday. FILE PHOTO: Facebook symbol is seen on a motherboard in this picture illustration taken April 24,
FILE PHOTO: A Turkish Airlines (THY) Boeing 777-800 plane is pictured at Hatay Airport in Hatay, Turkey, March 1, 2020. Picture taken March, 1, 2020. REUTERS/Murad Sezer ISTANBUL (Reuters) – Turkish Airlines plans a gradual resumption of flights from June and will take four months to return to near full operation, a draft plan seen
(Reuters) – Beyond Meat Inc (BYND.O) reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% after the bell. FILE PHOTO: The company logo and trading information for Beyond Meat is displayed on a screen during the IPO
FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, U.S. on June 14, 2016. REUTERS/Lucy Nicholson WARSAW (Reuters) – Microsoft will invest $1 billion in Poland as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government
(Reuters) – U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett’s Berkshire Hathaway. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic. FILE PHOTO: A customer walks into a clothing retailer J.Crew store in Manhattan,
(Reuters) – With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel. FILE PHOTO: An airline pilot walks through Reagan National Airport during
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan/File Photo (Reuters) – Berkshire Hathaway Inc (BRKa.N) has sold its entire stakes in the four largest U.S. airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. The conglomerate held
WASHINGTON (Reuters) – Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that billed Medicare last year. FILE PHOTO: Oklahoma National Guardsmen wait to sanitize a residents room during a decontamination mission at a longterm care facility, amid the
FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Tesla Inc (TSLA.O) told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San
SAN FRANCISCO/WASHINGTON (Reuters) – A half-hour staff meeting in a secure location. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March
LONDON (Reuters) – World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville MSCI’s
(Reuters) – Apple Inc (AAPL.O) reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus. FILE PHOTO: The logo of U.S. technology company Apple is seen at a branch office in Basel,
PARIS (Reuters) – European planemaker Airbus (AIR.PA) is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity problems at present, Airbus Chief Executive Guillaume Faury said on Thursday. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near
FILE PHOTO: A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. (Reuters) – Canadian pot producer Canopy Growth Corp (WEED.TO) said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal