Coronavirus buffets Air France as 2019 profits dive
French-Dutch airline Air France-KLM said Thursday the coronavirus has blown a large hole in 2020 earnings to date while separately unveiling lower profits for 2019.
Feb 20, 2020
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Business
News tagged with financial performance
Business
Elon Musk says he's terminating Twitter deal, board to fight
Elon Musk announced he will walk away from his tumultuous $44 billion offer to buy Twitter, leaving the deal on the verge of collapse. The Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.
Jul 09, 2022
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Engineering
Are urban railways in Tokyo on the right track? Researchers from Japan attempt to answer
Most large cities in the world have adopted some or many forms of urban railway transportation; they are a tried-and-tested way of efficiently and reliably taking passengers where they need to be. Trains in the Tokyo Metropolitan ...
Mar 02, 2022
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Business
Ex-Google self-driving car project picks up new investors
Google's former autonomous vehicle project is becoming a more autonomous business by bringing it in its first investors besides its corporate parent.
Mar 03, 2020
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Business
AirAsia's future in doubt due to virus; share price tumbles
The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused by coronavirus, its auditor warned, sending the airline's share price tumbling nearly 18 percent on Wednesday.
Jul 08, 2020
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4
Internet
Facebook is losing users for the first time ever and shares in Meta have fallen off a cliff
Feb. 4—A day after Facebook reported that its streak of user growth had come to an end, its parent company's stock plunged more than 26% in a staggering loss that obliterated more than $230 billion in market value and triggered ...
Feb 04, 2022
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Business
Amid the pandemic, Big Tech reports mixed earnings
Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.
Jul 31, 2020
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Business
Apple temporarily closes stores in China amid virus outbreak
Apple is temporarily closing its 42 stores in mainland China, one of its largest markets, as a new virus spreads rapidly and the death toll there rose to 259 on Saturday.
Feb 01, 2020
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Automotive
Tesla 2019 sales hit goals, rise over 50% from previous year
Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.
Jan 03, 2020
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4
Business
Ryanair doubles annual loss forecast on Omicron
Low-cost airline Ryanair said Wednesday that the Omicron coronavirus variant would have a strong impact on its financial performance as it more than doubled the forecast for its annual loss and cut back flights.
Dec 22, 2021
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