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Adidas warned of an even bigger hit to second-quarter sales and profits from coronavirus lockdowns, after the German sportswear firm reported first-quarter earnings were almost wiped out and said it had not yet seen a full rebound in China. Adidas said 60 percent of its business was currently at a standstill, with more than 70 …
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The Swedish flag is seen at Gamla Stan, the Old City of Stockholm, Sweden, May 7, 2017. (Ints Kalnins/Reuters) Swedish minister of enterprise Ibrahim Baylan on Monday said that Swedish businesses, which have been allowed to remain open amid the pandemic, are struggling with a sharp drop in demand. Baylan told a press conference that …
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Chase Carey’s remarks come ahead of a video call between the Premier League’s 20 clubs on Friday as other sports look to restart. Formula One is planning to start its 2020 season on 5 July in Austria – despite news of the French Grand Prix becoming the 10th race this year to be postponed or …
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Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits. Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is …
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Before entering the cave, the small team of scientists pull on hazmat suits, face masks and thick gloves to cover every inch of their skin. Contact with bat droppings or urine could expose them to some of the world’s deadliest unknown viruses.Equipped with headlights, they set their nets up at the entrance of the dark …
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Sweden bucked the trend of top-down lockdowns. Sweden may be on to something. Bloomberg reports: Sweden’s unusual approach to fighting the coronavirus pandemic is starting to yield results, according to the country’s top epidemiologist. Anders Tegnell, the architect behind Sweden’s relatively relaxed response to Covid-19, told local media the latest figures on infection rates and …
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General Motors said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales. Shares of GM were trading 1.3 percent lower in late-morning trading, at at $21.67. “We continue to …
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Mexico said it has just over 100 people remaining in its government migrant centers after removing thousands over the past five weeks due to the coronavirus pandemic. Mexico’s National Migration Institute (INM) said in a statement that it had removed migrants from 65 government facilities since March 21, following health and safety guidelines amid the …
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The European Union diluted a report detailing Chinese government disinformation about the spread of the coronavirus after Beijing threatened the 27-country bloc, the New York Times reported on Friday. “China has continued to run a global disinformation campaign to deflect blame for the outbreak of the pandemic and improve its international image,” the report initially …
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Senate Minority Leader Chuck Schumer (D., N.Y.) is proposing a bill to ban President Trump from signing coronavirus checks, calling the current practice “a waste of time and money” and the “exploitation of taxpayer money for promotional material.” Schumer’s legislation, titled the “No PR Act,” blocks the use of federal dollars to promote Trump or …
Adidas warned of an even bigger hit to second-quarter sales and profits from coronavirus lockdowns, after the German sportswear firm reported first-quarter earnings were almost wiped out and said it had not yet seen a full rebound in China. Adidas said 60 percent of its business was currently at a standstill, with more than 70 …
