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Updated: 4 years 29 weeks ago
Italy's CNH Industrial aims for full production by end of May
Vehicle and equipment maker CNH Industrial said on Tuesday it planned to return progressively to full operations at most of its facilities around the world by the end of May, in line with the easing of coronavirus lockdowns.
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Liechtenstein's LGT Group to be split up in 2021
Liechtenstein-based financial group LGT will be split into three separate firms in 2021, all directly held by the Prince of Liechtenstein Foundation, LGT said on Tuesday.
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Aer Lingus says reviewing social distancing procedures after packed flight
Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers.
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Airline SAS agrees credit facility backed by Sweden, Denmark
Airline SAS said on Tuesday it had signed a 3.3 billion Swedish crown ($336 million) three-year revolving credit facility agreement, 90% guaranteed by Sweden and Denmark's governments, as it looked to beat a path through the coronavirus crisis.
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BNP Paribas says revenue resilient despite equity trading hit
BNP Paribas' profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro zone's biggest bank to set aside more than half a billion euros in loan provisions.
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Air France says passengers must wear masks from May 11
French carrier Air France is to require all passengers on board its flights to wear masks from May 11 to comply with French government guidelines on COVID-19 protection measures.
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Ryanair passengers down by 99.6% in April, Wizz Air down by 97.6%
Europe's biggest budget airline Ryanair posted a 99.6% fall in passenger numbers in April, while smaller low cost carrier Wizz Air said numbers plunged 97.6%, as the novel coronavirus halted most flying across Europe.
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EssilorLuxottica sales slump on coronavirus hit, worst yet to come
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
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Hugo Boss expects virus hit to worsen before recovery
German fashion house Hugo Boss expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales, but added that it was seeing signs of a rebound in China and online.
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Asian stocks, oil boosted by moves to loosen lockdowns
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.
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Shareholders vote in Lagardere showdown with activist Amber
Activist investor Amber Capital faces its biggest test yet on Tuesday in its high-stakes bid to shake up governance at media and publishing firm Lagardere as shareholders vote on its attempt to revamp the French firm's supervisory board.
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Beiersdorf's La Prairie hit by collapse in travel retail
Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand has been hit hard by the drop in international travel due to the coronavirus pandemic but sales of its medicinal creams and plasters jumped.
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EssilorLuxottica first-quarter sales slump on coronavirus hit, worst yet to come
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
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EssilorLuxottica first-quarter sales show first signs of coronavirus hit
Oakley and Ray-Ban maker EssilorLuxottica reported a steep decline in first-quarter sales as the coronavirus prompted store closures.
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BNP Paribas profit falls 33% on expected loan losses, equity trading hit
Profit at BNP Paribas fell by 33.1% in the first-quarter as the coronavirus crisis hit equity trading and prompted the eurozone's biggest bank to set aside more than half a billion euros in loan provisions.
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WeWork co-founder Neumann sues SoftBank over failed tender offer
WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders.
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Duterte says sorry to Philippine tycoons, their firms' shares surge
Philippine President Rodrigo Duterte has apologised for his "hurting words" about two tycoons whom he openly dislikes, responding to their help in fighting the coronavirus by offering an olive branch to settle a costly regulatory row.
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Asian stocks, oil higher as economies emerge from lockdown
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.
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Tech-led Wall Street rebound set to lead Asia higher
A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on easing coronavirus restrictions and prospects of an economic recovery, overcoming concerns about renewed Sino-U.S. trade tensions.
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Qantas secures more funding to wait out coronavirus crisis; shares rise
Qantas Airways Ltd said on Tuesday it had secured enough funding to last it through the end of next year, boosting its shares, as it reviews its fleet with the expectation that most international travel could take years to rebound.
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