Airbus posts net loss on plunging deliveries during pandemic
Airbus announced Thursday net losses of 1.9 billion euros ($2.2 bn) in the first six months after aircraft delivery halved as a result of the coronavirus crisis.
Jul 30, 2020
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Business
Page 18 - News tagged with second quarter
Consumer & Gadgets
Huawei overtakes Samsung as top smartphone seller: industry tracker
China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter on the back of strong domestic demand, industry tracker Canalys said Thursday.
Jul 30, 2020
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Business
Coronavirus sales slump plunges VW into loss
German carmaker Volkswagen on Thursday reported a pre-tax loss of 1.4 billion euros ($1.6 billion) for the first half of 2020 after the coronavirus pandemic sent sales plummeting.
Jul 30, 2020
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Business
Heathrow calls for UK airport virus tests after £1-bn loss
London's Heathrow airport on Wednesday urged the government to create a coronavirus testing programme for travellers to replace quarantines, as it announced more than a billion pounds in losses in 2020.
Jul 29, 2020
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Business
General Electric reports loss amid weakness in aviation
General Electric reported a bigger-than-expected loss Wednesday, due in part to sagging sales from its aviation business in the wake of the coronavirus outbreak.
Jul 29, 2020
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Business
Chinese airlines offer unlimited flights to revive industry
China Southern on Tuesday became the latest Chinese airline to offer ultra-cheap, all-you-can-fly deals aimed at reigniting air travel following coronavirus lockdowns.
Jul 28, 2020
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US banks set aside billions as buffer against bad loans
Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.
Jul 14, 2020
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Automotive
Tesla 2Q deliveries rise over 1Q despite factory shutdown
Tesla says it delivered more electric vehicles worldwide in the second quarter than it did in the first. The increase came even though coronavirus restrictions forced it to shut down its only U.S. factory for much of the ...
Jul 2, 2020
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Automotive
BMW cuts jobs, ends self-driving project with Mercedes
BMW will slash 6,000 jobs this year and freeze a major self-driving technology collaboration with rival Mercedes-Benz as the German luxury carmaker sees demand plunging because of the coronavirus pandemic.
Jun 19, 2020
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Consumer & Gadgets
Apple dominates the smartwatch market as sales rise despite COVID-19 pandemic, report says
Smartwatch sales continued to climb during the start of the coronavirus crisis with Apple selling more than three times as many devices as its competitors, according to a new report by research firm Strategy Analytics.
May 8, 2020
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