The German Lufthansa recorded a net loss of EUR 1.5 billion in the second quarter. Severe austerity measures could not compensate for the sharp fall in turnover. Due to the coronavirus, the airline had to ground almost all its passenger aircraft.
Just Eat Takeaway.com meal delivery service (JET) deal with Amrest improves its position against others logistical players such as Uber Eats and Deliveroo. This is the conclusion of ING’s analysts in a response to the agreement concluded by the two meal companies on Wednesday. With the deal, JET also shows the benefits of its large scale, says ING.
A British MP was arrested on Saturday on a rape charge, reports The Sunday Times. The defendant is also a former minister.
By escalating issues of foreign meddling in the elections US got into own trap. Because America is heavily involved in foreign affairs and influences many government around the World the opposite is also true. Let’s take an Ukrainian issue. There is no doubt that US is involved in local politics. Now the local Ukrainian politics strikes back and meddle in the US politics as well. USDaily...
The results of Air France-KLM are roughly in line with expectations. Bernstein’s analysts find this in a reaction to the airline’s figures.
Volkswagen has suffered an operational loss of EUR 800 million from the coronacrisis in the first six months of the year. Both factories and showrooms in many important markets closed at that time. However, the German company, which includes brands such as Audi, Seat, Skoda, Bentley and Lamborghini, thinks it can be profitable throughout this year.
Pharmaceutical Sanofi benefited, among other things, from an increase in sales of the asthma medicine Dupixent during the last quarter. Profits increased by over 3%. The French company is also developing potential COVID vaccine, of which doses have already been sold to the British government.
The European Central Bank (ECB) has formally asked banks not to pay dividends or to buy their own shares until at least the end of the year. This should help them to maintain their financial strength in the coronacrisis.