International Companies
Ford to maintain lockdown at European factories until at least 4 May
Ford Motor said on Friday that it would extend the halt on activity at its European factories until at least 4 May.
Airbnb internal valuation drops 16% to $26bn
Apartment rental site Airbnb lowered its internal valuation compared to its latest funding round by 16% to reach $26bn.
Air France-KLM in talks over state-backed bailout - report
Air France-KLM is reported to be in discussions about securing a multi-billion euro bailout backed by the French and Dutch governments.
Ryanair sees traffic collapse as airspace closes
Ryanair saw air traffic plunge in March, and warned it expected to carry minimal "if any" traffic in the coming months.
Air passenger traffic falls at steepest rate since 9/11 in February
Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.
Xerox abandons hostile takeover bid for HP due to pandemic
Xerox said on Tuesday that it had dropped its hostile takeover bid for HP due to the coronavirus outbreak.
Houseparty offers $1m bounty for proof of hacking rumours
Video chat app Houseparty has offered a 1$m bounty to anyone with proof that rumours on social media that its platform can be hacked are true.
Huawei claims US blacklisting led to $12bn revenue fall
Huawei claimed on Tuesday that Washington's decision to blacklist it had cost the telecommunications equipment giant $12bn in lost revenue during the previous year.
Report unveils massive Coca-Cola, Nestle, Unilever and Pepsi plastic pollution footprint
Drink giants Coca-Cola, Nestle, Unilever and Pepsi are responsible for over half a million tons of plastic pollution in six developing countries each year, new reports show.
Monsanto aware of damage crop systems would cause US farms
US agriculture company Monsanto and German chemical company BASF were aware of the damage that their agricultural seed and chemical system could inflict on US farms.
J&J to start Covid-19 vaccine trials by September 'at latest'
Johnson & Johnson expects to start human trials on a possible Covid-19 vaccine by September, the US healthcare giant announced on Monday.
Global airline industry at risk of collapse in 'gravest crisis' yet - IATA
Governments around the world need to save crisis-hit airlines, a leading industry body has warned, as it forecast revenues would nearly half in 2020 because of the coronavirus pandemic.
Inovio and Ology to work on Covid-19 vaccine
Inovio Pharmaceuticals said it would work with Ology Bioservices on a DNA vaccine for Covid-19 after Ology was awarded an $11. 9m contract from the US Department of Defense (DoD).
Airbus pulls dividend, secures fresh credit to shore up cash reserves
Airbus has pulled its dividend and secured a €15bn credit facility as it looks to bolster cash reserves during the coronavirus crisis.
Anthony Levandowski pleads guilty to stealing Google trade secrets
Former Google employee Anthony Levandowski, pleaded guilty to one count of stealing trade secrets from the tech giant under a plea agreement reached with the US District Attorney.
American Airlines to use passenger planes for cargo flights to Europe
American Airlines announced on Friday that it would use passenger planes to fly cargo-only flights to Europe over the course of the next few days.
InterContinental Hotels scraps divi, sees RevPar sliding 60% in March
InterContinental Hotels warned on Friday that global revenue per available room was set to tumble 60% due to the coronavirus outbreak, as it scrapped its dividend and said demand for hotels was currently at the lowest levels it has ever seen.
Around 170,000 job losses in film industry as coronavirus halts production
Approximately 120,000 people have already lost their jobs in Hollywood and 50,000 freelancers in the UK are unable to find work due to the coronavirus pandemmc and the ensuing shutdown ordered by government.
NASA and SpaceX set first astronaut launch for mid-May despite pandemic
NASA and SpaceX announced late on Wednesday that their Demonstration Mission 2 commercial crew launch that would take astronauts to space has been scheduled for mid to late May.
Domino's plans to hire 10,000 workers in US
Domino’s Pizza expects to hire about 10,000 workers nationwide in response to the coronavirus pandemic, it said on Thursday.