Business

STOCKHOLM (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as the COVID-19 pandemic and lockdowns kept most of its stores closed. FILE PHOTO: H&M logo is seen on a shop in Riga, Latvia January 30, 2020. REUTERS/Ints

(Reuters) – Facebook Inc’s (FB.O) new content oversight board will include a former head of state, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members, the company announced on Wednesday. FILE PHOTO: Facebook symbol is seen on a motherboard in this picture illustration taken April 24,

FILE PHOTO: A Turkish Airlines (THY) Boeing 777-800 plane is pictured at Hatay Airport in Hatay, Turkey, March 1, 2020. Picture taken March, 1, 2020. REUTERS/Murad Sezer ISTANBUL (Reuters) – Turkish Airlines plans a gradual resumption of flights from June and will take four months to return to near full operation, a draft plan seen

(Reuters) – Beyond Meat Inc (BYND.O) posted better-than-expected quarterly sales on Tuesday, but suspended its 2020 forecast as the COVID-19 pandemic hit demand for the company’s plant-based meat products at restaurants. FILE PHOTO: The company logo and trading information for Beyond Meat is displayed on a screen during the IPO at the Nasdaq Market site

FILE PHOTO: Flags with CNH Industrial logo are pictured outside CNH Industrial building in Turin, Italy, February 5, 2020. REUTERS/ Massimo Pinca MILAN (Reuters) – Vehicle and equipment maker CNH Industrial (CNHI.MI) said on Tuesday it planned to return progressively to full operations at most of its facilities around the world by the end of

(Reuters) – The coronavirus crisis will continue to idle U.S. meat plants and slow production, Tyson Foods Inc said on Monday, signaling more disruptions to the U.S. food supply after U.S. President Donald Trump ordered facilities to stay open. Tyson reported lower-than-expected earnings and revenue for the quarter ended on March 28, before processors shut

FILE PHOTO: Passengers board a Norwegian Air plane in Kirkenes, Norway October 26, 2019. REUTERS/Gwladys Fouche OSLO (Reuters) – Norwegian Air’s (NWC.OL) shareholders gave their backing on Monday to the company’s financial survival plan, with about 95% of votes cast supporting the conversion of debt into equity, financial daily Dagens Naeringsliv reported on Monday. Approval

(Reuters) – With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel. United Airlines Holdings Inc (UAL.O), for example, told journalists on Friday

(Reuters) – Roche Holding AG (ROG.S) received emergency use approval from the U.S. Food and Drug Administration (FDA) for an antibody test to help determine if people have ever been infected with the coronavirus, the Swiss drugmaker said here on Sunday. FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in

FILE PHOTO: Josep Tarradellas Barcelona-El Prat Airport is seen empty during Holy Week amid the coronavirus disease (COVID-19) outbreak, in Barcelona, Spain April 10, 2020. REUTERS/Nacho Doce/File Photo PARIS (Reuters) – Germany, Italy and Spain have joined a call by 12 European Union governments for the EU’s executive body to suspend rules forcing crisis-hit airlines

FILE PHOTO: People pose for photos at Universal Studios Singapore in Sentosa March 4, 2020. REUTERS/Edgar Su (Reuters) – Comcast Corp (CMCSA.O) owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the Wall Street Journal reported on Friday, citing people familiar

The logo of Telefonica is seen on company’s headquarters in Bogota, Colombia May 28, 2019. REUTERS/Luisa Gonzalez (Reuters) – Spain’s Telefonica SA (TEF.MC) and billionaire John Malone’s Liberty Global Plc (LBTYA.O) are exploring a combination of their UK operations, Bloomberg News reported on Friday. The companies are discussing a potential deal to combine Telefonica’s O2

WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak. FILE PHOTO: U.S. President Donald Trump speaks about the coronavirus response during a meeting

NEW YORK (Reuters) – World equity benchmarks dipped on Thursday yet remained on pace for their best month on record as a rebound in oil prices, encouraging early results from a COVID-19 treatment trial and expectations of more government stimulus helped ease the pain of February and March. Safe-haven assets including the dollar and government

WASHINGTON (Reuters) – Millions more Americans likely filed claims for unemployment benefits last week, but the tide appears to be slowing, offering cautious hope of a peak in job losses from business closures and disruptions because of the novel coronavirus. FILE PHOTO: People who lost their jobs wait in line to file for unemployment following

(Reuters) – Yum Brands Inc (YUM.N) reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus. FILE PHOTO: A person walks past an empty KFC restaurant in Belfast as