[ad_1] BERLIN (Reuters) – The coronavirus pandemic brought a six-month experiment in dual leadership at SAP to an abrupt end as the German business software group named Christian Klein as its sole CEO to provide
Nifty, Sensex rattled by oil plunge as coronavirus takes toll
[ad_1] BENGALURU (Reuters) – Indian shares fell nearly 3% on Tuesday, as a historic overnight plunge in U.S. crude oil to below zero highlighted the economic damage caused by the coronavirus-led lockdowns. A broker reacts
Virgin Australia falls to virus crisis, appoints administrator to find investor
[ad_1] SYDNEY (Reuters) – Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline the Asia-Pacific region’s biggest victim of the coronavirus crisis gripping
Branson says Virgin Atlantic will need UK government help to survive
[ad_1] LONDON (Reuters) – Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline’s founder Richard Branson said on Monday. Virgin Atlantic last month asked the
‘Fasten your seatbelt’: Investors brace for Europe Inc. results amid coronavirus
[ad_1] LONDON (Reuters) – Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares to report the steepest profit
HSBC cuts top investment bank jobs despite wider firing freeze
[ad_1] LONDON/HONG KONG (Reuters) – HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn is pressing on with plans
Negative $40 oil reflects panic – and U.S. crude market economic reality
[ad_1] (Reuters) – Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that the coronavirus pandemic has sapped demand for
Novartis to test efficacy of old malaria drug against COVID-19
[ad_1] ZURICH/NEW YORK (Reuters) – Swiss drugmaker Novartis AG (NOVN.S) said on Monday it will test the malaria drug hydroxychloroquine in a randomized trial to see if the much talked about medicine is actually effective
United Airlines sees $2.1 billion loss as coronavirus hits LatAm growth hopes, seeks more federal aid
[ad_1] CHICAGO (Reuters) – United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its growth aspirations in Latin America
Merkel open to bigger EU budget, bonds to finance post-crisis recovery
[ad_1] BERLIN (Reuters) – German Chancellor Angela Merkel signalled readiness on Monday to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via