Adidas reported that its first quarter net income attributable to shareholders dropped to 31 million euros or 0.16 euros per share from 632 million euros or 3.18 euros per share in the same quarter last year....
Widespread business shutdowns at home and abroad in response to the coronavirus disease pandemic unsurprisingly resulted in a rapid reduction in UK private sector output during April....
The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken to contain the coronavirus outbreak, according to provisional PMI survey data....
The Tanzanian head of state, John Magufuli cancelled a ten billion US dollar ($10billion) agreement signed by his predecessor, Jakaya Kikwete with Chinese investors to construct a port at Mbegani creek in Bagamoyo, just north of Da es Salaam....
Lower demand for heavy vehicles in the United States caused the production and export of this type of units in Mexico to drop in February 24.3 and 23%, respectively, compared to the same period last year, reported by the National Association of Bus Producers, Trucks and Tractor Trucks (Anpact)....
HSBC Holdings Q1 reported profit before tax was down 48% to $3.2bn from higher expected credit losses and other credit impairment charges ('ECL') and lower revenue....
Mexican President Andres Manuel Lopez Obrador informed on Monday that 87% of companies continue working without firing employees due to the coronavirus and the economic crisis....
Banco Santander achieved an attributable profit of 331 million euros in the first quarter of 2020, down 82% year-on-year after incurring a net charge of 1,646 million euros, primarily due to overlay provisions of 1,600 million euros related to COVID-19 based on the expected deterioration of the macroeconomic conditions arising from the health crisis....
Volkswagen Group reported that its first quarter earnings before tax declined to 0.7 billion euros from 4.1 billion euros, previous year. Operating profit before special items decreased significantly by 81.4 percent to 0.9 billion euros....
Lloyds Banking Group reported Thursday that its first quarter profit before tax plunged 95 percent to 74 million pounds from 1.60 billion pounds in the year-ago period, impacted by a significantly increased impairment charge of 1.43 billion pounds due to the revised economic outlook....