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LONDON: Royal Dutch Shell avoided its first quarterly loss in recent history helped by its trading business but announced nearly US$17bil in impairment charges reflecting its lowered short-term oil and gas price outlook.
Company posts 23% jump in operating profit in Q2
PARIS: Europe’s Airbus announced a new cut in production of its marquee A350 jet as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.
KUALA LUMPUR: The ability to have in-depth understanding of banking and the financial sector has given a shot in the arm for Finance Ministry to implement various initiatives including the six-month blanket moratorium for the rakyat’s benefit, says Tengku Datuk Seri Zafrul Abdul Aziz.
WOULD YOU still buy an electric car if you knew you wouldn’t be able to resell it in the future? That’s the latest hurdle potential buyers are contending with, and it’s bound to become a big driver of demand.
IT WOULD be hard for things to get much worse in commercial aerospace, an industry hit particularly hard by the global Covid-19 pandemic.