Planemaker Airbus warned on Wednesday that the recovery in the aviation industry from the coronavirus crisis may take up to 5 years time as airlines turn to layoffs and pay reductions as they fight for survival.
BioNTech and Pfizer finished dosing the first group of subjects for their Phase 1/2 clinical trial for the BNT162 vaccine against Covid-19 and will help China's Fosun Pharma to do the same.
Americans can rest assured that the Federal Reserve will do its utmost to maintain loose monetary policy until the economy is firmly on the path to recovery, US rate-setters said.
The focus in financial markets on Thursday will shift back towards the euro area where policymakers at the European Central Bank are due to announce their latest policy decisions.
JD Wetherspoon said on Wednesday that it was planning to reopen its pubs "in or around" June, as it announced a £141m placing to help weather the coronavirus crisis.
Stocks across the Continent extended their recent rally from their Covid-19 pandemic lows thanks to "positive" news Stateside on a potentially key treatment for the virus.
London stocks finished higher on Wednesday, with the top-flight index keeping its head above the 6,000 mark, as investors digested the worst GDP figures out of the United States in 12 years, alongside some more promising results from a potential treatment for Covid-19.
Shares of US biotechnology outfit Gilead Sciences were halted after the company notified markets that "positive data" were emerging from a clinical trial being conducted by the US government's National Institute of Allergy and Infectious Diseases for the use of its Remdesivir treatment against the Covid-19 coronavirus.
Stocks across the Continent are trading mostly higher come midday boosted by the release of economic data showing that the euro area appeared to have averted the 'cash crunch' that many feared in the wake of the Covid-19 pandemic.
Analysts at RBC Capital Markets hiked their target price in shares of gold miner Polymetal in the wake of the Analysts Day held the day before.
Huawei’s HiSilicon chip unit overtook Qualcomm as the biggest seller of semiconductors in the first quarter of 2020 for the first time ever.
Facebook owned messaging app Whatsapp alleged in new court filings that Israeli spyware firm NSO Group used US-based servers and was “deeply involved” in hacking the mobile phones of 1,400 Whatsapp users.
Precision diagnostics commercialisation company Diaceutics announced research results from its Covid-19 oncology tracker on Wednesday, which it said showed the impact of the crisis on cancer testing and diagnosis in the United States.
Programme management and legacy acquisitions specialist Randall & Quilter announced $100m of new equity investment into the group on Wednesday.
First Property Group has entered into a new lease with Teconnex over 6,300 square metres in the warehouse it owns in Tureni, Romania, it announced on Wednesday.
Pendragon revealed on Wednesday that non-executive director Mike Wright had acquired of 250,000 ordinary shares in the London-listed automotive retailer.
Ascent Resources has now settled the first £50,000 from its ‘relevant investor’, as announced on 8 April, and as a result has issued one million ordinary shares at a price of 5p each, it said on Wednesday.
A new coronavirus antibody test that has proven to be 99% accurate has been certified for distribution across Europe.
Power Metal announced the start of a new joint venture with Red Rock Resources on Wednesday, to build a strategic gold exploration portfolio in Australia.
Condor Gold has been granted an environmental permit for the development and exploitation of gold from the high-grade Mestiza open pit, it announced on Wednesday.
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