Business

Amazon reports rare quarterly loss as online shopping slows

Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Business

Nokia back in black in first quarter thanks to 5G

Finnish telecoms giant Nokia said Thursday that it returned to profit in the first quarter, boosted by stronger-than-expected demand for 5G products, but it kept its cautious outlook for 2021.

Renault first-quarter sales close to 2020 level

French automaker Renault posted Thursday first quarter sales of 10 billion euros, slightly below the level recorded a year earlier as the coronavirus began to spread worldwide.

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