COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk (MAERSKb.CO) warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand. FILE PHOTO: The ship Anna Maersk is docked at Roberts Bank port carrying 69 containers of mostly paper and plastic waste returned by
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FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March 4, 2019. Picture taken March 4, 2019. REUTERS/Lucy Nicholson (Reuters) – The top three U.S. airlines have told their flight attendants not to force passengers to comply with a new policy requiring face coverings, just encourage them
FRANKFURT/DUESSELDORF, Germany (Reuters) – German conglomerate Thyssenkrupp (TKAG.DE) warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis. FILE PHOTO: The logo of Thyssenkrupp is seen near elevators in its headquarters in Essen, Germany, November 21, 2019. REUTERS/Leon Kuegeler
(Reuters) – Caesars Entertainment Corp (CZR.O) missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail,
LONDON (Reuters) – Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from supply cuts by the world’s biggest producers. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in
FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019. REUTERS/Angus Mordant/File Photo NEW YORK (Reuters) – Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on
DUBAI (Reuters) – Emirates, one of the world’s biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history. FILE PHOTO: Emirates Airline Boeing 777-300ER planes are seen at Dubai International Airport
FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.
SAN FRANCISCO (Reuters) – As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday. FILE PHOTO: The Federal Reserve Board building on Constitution
(Reuters) – Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – Germany’s financial market watchdog BaFin is investigating Wirecard’s (WDIG.DE) communication with investors directly ahead of the publication of a critical
(Reuters) – Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic. FILE PHOTO: Michigan Democratic gubernatorial candidate Gretchen Whitmer with U.S. Sen. Debbie Stabenow talk to
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
(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