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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.
FRANKFURT: Volkswagen unveiled a first-half operating loss on Thursday after the carmaker suffered a 27% drop in vehicle deliveries due to the coronavirus pandemic, a step which forced to carmaker to slash its dividend.
LONDON: Barclays has set aside a higher than expected £1.6bil to cover a possible rise in loan losses in the second quarter of the year, as the economic impact of the coronavirus pandemic begins to bear down on its consumer business.
NEW YORK, July 28 (Xinhua) -- Wall Street's major indexes dropped on Tuesday, as investors digested a slew of disappointing earnings reports and eyed the debate over a U.S. COVID-19 relief package.
Pandemic may herald permanent change to consumer habits
WASHINGTON (Reuters) - U.S. Republicans and Democrats faced difficult talks on Tuesday on how best to recover from the coronavirus pandemic, after Republicans unveiled a relief proposal days before millions of Americans lose federal unemployment benefits.
WASHINGTON (Reuters) - Senate Republicans on Monday proposed a $1 trillion (£776 billion) coronavirus aid package hammered out with the White House, paving the way for talks with Democrats on how to help Americans as expanded unemployment benefits for millions of workers expire this week.
The blockchain world today is thousands of disparate platforms that can’t talk to each other. So a little-known startup hatched one of the most ambitious plans yet to bridge all the divides – and it’s got the backing of the Chinese government.
Automaker to report its results tomorrow