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Ryanair must be clearer about full ticket price: EU court

Ryanair must indicate the full price of the ticket when it displays offers on its website, the EU's top court said on Thursday.



5 years ago

Oil rallies on Gulf tensions and output cuts

Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government stimulus to ease the economic pain of the new coronavirus pandemic.



5 years ago

Zoom users top 300 million as ban list grows

Zoom video conferencing app's user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.



5 years ago

Sweden's Volvo hit by cancelled orders as pandemic creates 'new normal'

Sweden's AB Volvo on Thursday warned of stalling truck orders and a challenging adjustment to a "new normal" of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.



5 years ago

U.S. House to pass nearly $500 billion more in coronavirus relief

Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.



5 years ago

Renault seeks state-backed loan as coronavirus crisis drags on

Renault is in talks with the French government to secure a state-backed loan worth several billion euros by mid-May to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday.



5 years ago

Eli Lilly reports 15% rise in quarterly sales

Eli Lilly and Co reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also benefiting from customers stockpiling its medicines amid the coronavirus pandemic.



5 years ago

With reopenings in U.S. South, some merchants lay out welcome mat, others fearful

Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her co-owner husband, also a stylist, are already fully booked for the weekend.



5 years ago

Target's online sales skyrocket as shoppers stock up from their homes

A surge in digital sales for U.S. retailer Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer along with profitability from the costs of adjusting, it said on Thursday.



5 years ago

NBCUniversal launches shoppable ads to help retailers hurt by coronavirus

Comcast Corp's NBCUniversal said on Thursday it aims to help retailers that have been forced to shut down amid the pandemic through new ecommerce tools that will let people buy products directly from NBC's content.



5 years ago

UniCredit appoints Hecker as global head of equity capital markets

UniCredit has appointed Jana Hecker, formerly at Deutsche Bank, as its global head of equity capital markets (ECM), Italy's biggest bank said on Thursday.



5 years ago

Fiat Chrysler to restart van production at Atessa plant at 70% normal rate: union

Fiat Chrysler (FCA) aims to restart van production at its Atessa joint venture plant in central Italy at 70% of the normal rate, a union representative told Reuters on Thursday.



5 years ago

Mideast governments failing to protect airlines: IATA

Middle East governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the International Air Transport Association (IATA) said on Thursday.



5 years ago

Historic oil price collapse sees first major energy company cut its dividend

The move makes Western Europe's biggest crude producer the first oil major to cut its dividend this earnings season.

5 years ago

Rebound in oil is just a 'breather' and crude prices will likely turn negative again, analysts say

The overnight partial recovery in oil prices isn't a rebound, but simply a "breather," as weak demand and storage issues would continue to pressure prices, which are likely to turn negative again, analysts say.

5 years ago