Business

MILAN (Reuters) – Luxury sports car maker Ferrari (RACE.MI) cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly hit second quarter results. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane The company,
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FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan/File Photo (Reuters) – Berkshire Hathaway Inc (BRKa.N) has sold its entire stakes in the four largest U.S. airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. The conglomerate held
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(Reuters) – For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among staff and security guards who carry contact-less thermometers and hand sanitizer. FILE PHOTO: Fireworks
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(Reuters) – Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook’s Zuckerberg endorsing the measures while Tesla’s Musk condemned them as anti-democratic. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing
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FILE PHOTO: Planes of German airline Lufthansa are parked at Frankfurt airport as the spread of the coronavirus continues, Germany March 24, 2020. REUTERS/Ralph Orlowski VIENNA (Reuters) – Austria might demand a stake in Lufthansa (LHAG.DE) in exchange for granting emergency aid to the German flag carrier’s unit Austrian Airlines, the country’s conservative chancellor, Sebastian
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FILE PHOTO: Waitrose trolleys are seen at a store in Harpenden as the spread of the coronavirus disease (COVID-19) continues, Harpenden, Britain, March 28, 2020. REUTERS/Peter Cziborra LONDON (Reuters) – Britain’s John Lewis Partnership has appointed James Bailey, a former director of Sainsbury’s (SBRY.L), to be the new boss of its upmarket supermarket chain Waitrose,
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