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Judge questions VW's defence in landmark case over diesel damages
A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van.
Categories: Reuters
Carbon emissions cuts do not mean Repsol will exit oil sector: CEO
A target to reduce carbon emissions to net zero by 2050 does not mean Spanish oil and gas firm Repsol will stop producing oil though it will focus on certain projects, Chief Executive Josu Jon Imaz said on Tuesday.
Categories: Reuters
Tesla stock rise appears to qualify CEO Musk for $700 million payday
Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company's stock price was too high.
Categories: Reuters
Wizz Air plans for easing of restrictions with holiday flights from June
Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain's London Luton airport to holiday destinations in Portugal from 16 June and to Greece from July.
Categories: Reuters
Judge questions VW's defense in landmark case over diesel damages
A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages from a diesel customer.
Categories: Reuters
Thomson Reuters cuts sales outlook as narrowly misses earnings
Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus pandemic.
Categories: Reuters
Uber, Lyft investors want to hear plans to get riders back in cars
As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?
Categories: Reuters
Thomson Reuters narrowly misses earnings, cuts sales outlook
Thomson Reuters Corp reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday and cut is full-year sales outlook, citing unprecedented disruption in the global economy.
Categories: Reuters
Lufthansa not planning to buy rivals weakened by COVID-19 crisis -CEO
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday.
Categories: Reuters
Futures rise on oil gains, easing of lockdowns
U.S. stock index futures rose on Tuesday, building on gains in the previous session, as oil prices jumped and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
Categories: Reuters
Beiersdorf sells more hand cream, less sunscreen
Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.
Categories: Reuters
Microsoft to invest $1 billion in Polish cloud project
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 institutions, the company said in a statement on Tuesday.
Categories: Reuters
Thai Airways rescue plan is its last chance, says PM
The government is ready to back a rescue package for Thai Airways International Pcl , but it will entail a full restructuring and there will be no second chances, the prime minister.
Categories: Reuters
Hugo Boss expects 50% sales drop next quarter as crisis impact worsens
Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.
Categories: Reuters
BNP warns of 2020 profit fall as crisis wipes out equity trading
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank's revenue from equity derivatives trading and knocked a third off its first quarter profit.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
