European planemaker Airbus is in talks with the French state regarding possible aid for the company, one of many in the transport sector to have been hit hard by the coronavirus crisis, said Airbus Chief Executive Guillaume Faury on Thursday. French Finance Minister Bruno Le Maire had said earlier this week that the French state was ready to provide "massive" support to Airbus, if the circumstances arose. Airbus had said this week, as it posted a slump in first quarter profit, that it did not immediately see a need for further government support....
(Bloomberg) -- The Trump administration is planning a Manhattan Project-style program to drastically cut the time it takes to develop a coronavirus vaccine. Gilead Sciences Inc. said its experimental treatment remdesivir helped patients recover faster, sending U.S. stocks higher. Asia stocks rose on Thursday.In an Oval Office interview with Reuters published Wednesday night, Trump said he thinks that China is determined to see him lose the November election based on Beijing’s response to the coronavirus and he was considering various ways to punish the Chinese government. Measures to contain the coronavirus dragged the French economy into a sharp contraction in the first quarter, heralding what’s set to be Europe’s deepest recession of the postwar era. U.S. economic data showed the country’s record-long expansion is over. The first official gauge for China’s economy in April indicated the recovery from a first-quarter slump will be prolonged. Japanese Prime Minister Shinzo Abe told parliament...
Its revenue slipped 2% in the first three months of the year as it took a hit of about 200 million euros ($217 million) largely because the pandemic disrupted supply from operations in China. Nokia, battling with China's Huawei and Sweden's Ericsson , is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. Nokia expects a seasonally strong second half when it will have new leadership as former executive Pekka Lundmark from energy group Fortum is due to replace Chief Executive Rajeev Suri in September....
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China. Nokia reported January-March revenues falling to 4.9 billion euros, missing the 5.1 billion euro consensus figure, according to Refinitiv data. Nokia said majority of the coronavirus impact will be in the current quarter and expects a seasonally strong second half of the year....
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China. It, however, eked out a small profit backed by good demand for its new 5G telecoms equipment. Nokia reported January-March revenues of 4.9 billion euros ($5.33 billion), missing the 5.1 billion euro consensus figure, according to Refinitiv data....
(Bloomberg) -- The Trump administration is planning a Manhattan Project-style program to drastically cut the time it takes to develop a coronavirus vaccine. Gilead Sciences Inc. said its experimental treatment remdesivir helped patients recover faster, sending U.S. stocks higher. Asia stocks rose on Thursday.In an Oval Office interview with Reuters published Wednesday night, Trump said he thinks that China is determined to see him lose the November election based on Beijing’s response to the coronavirus and he was considering various ways to punish the Chinese government. He also said that the U.S. trade deal with China has been “upset very badly” by the economic fallout from the pandemic.U.S. economic data showed the country’s record-long expansion is over, with a recession under way. The first official gauge for China’s economy in April showed the manufacturing sector moderated, indicating the recovery from a first-quarter slump will be prolonged as the spread of the...
