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BERLIN: Germany's Lufthansa said it does not expect air travel demand to return to pre-crisis levels before 2024 as a steep drop in revenue pushed it to its worst-ever quarterly operating loss of 1.7 billion euros ($2.02 billion).
SINGAPORE: Two of Singapore’s largest banks laid out the damage to their balance sheets caused by the pandemic, reporting the second straight quarterly plunge in profits and another surge in bad-debt provisions.
The tech backlash has definitely picked up steam, although what form that takes remains uncertain.
TOKYO: Toyota Motor Corp posted a 98% plunge in its first-quarter operating profit on Thursday as the Covid-19 coronavirus pandemic halved it global sales.
BANGKOK, Aug 6 (The Nation/ANN) - Thai businesses project a sharp drop in exports of 12 per cent this year and have revised downward their GDP forecast to a 9 per cent contraction.
NEW YORK, Aug. 5 (Xinhua) -- Oil prices gained on Wednesday after data showed a hefty drop in U.S. crude stockpiles.
STOCKHOLM, Aug. 5 (Xinhua) -- Sweden's economy shrank by 8.6 percent in the second quarter (Q2) of this year due to the COVID-19 pandemic, Statistics Sweden (SCB) said Wednesday. Finance Minister Magdalena Andersson attributed this "better than expected" results partly to the country's less strict lockdown policies.
MADRID (Reuters) - All Spanish and foreign tourists visiting the Canary Islands will have any potential coronavirus-related costs covered by the regional government, it said on Wednesday, in an attempt to rescue the tourist season after a new spike in infections in Spain.
ROME, Aug. 5 (Xinhua) -- Italy's real estate market ground to a halt in the first months of this year due to the COVID-19 crisis, after it registered an annual rise in property sales in 2019, according to a report released on Wednesday and other official data.