British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the long-struggling carrier one of the first big corporate casualties of the coronavirus outbreak.
The failure of an airline that connects all corners of the United Kingdom with major European destinations not only puts around 2,400 jobs at risk but could also see some airports struggle and regional economies hit.
Coronavirus panic sent world share markets skidding again on Friday, putting them on course for their worst weekly fall since the 2008 global financial crisis, with almost $6 trillion (4.6 trillion pounds) wiped from their market value so far this week.
The rout showed no signs of slowing as Europe’s main markets slumped 3-5% and the ongoing dive for safety sent yields on U.S. government bonds, widely seen as the world’s most secure...
Nigeria has confirmed its first case of coronavirus, the health ministry said on Twitter on Friday, announcing the first case in sub-Saharan Africa, as infections spread rapidly worldwide.
The ministry said the case was in the state of Lagos, home to the southwestern commercial capital of the same name. Lagos is the biggest city in Africa’s most populous country, with a population of about 20 million.
Germany could still decide to rule out Chinese telecom equipment vendor Huawei Technologies from the construction of the country's fifth-generation data network (5G) due to security concerns, the defence minister has said.
Annegret Kramp-Karrenbauer told a cyber security conference on Tuesday that it was important to minimise any risks.
The German government is currently trying to shape the 5G security criteria in a way that would pr...
German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi signed wide-ranging agreements in New Delhi on Friday to deepen strategic cooperation and exchanged notes on ways to boost bilateral trade.
Merkel, accompanied by several cabinet colleagues and a business delegation, is in India on a three-day visit that began on Thursday.
“We’re encouraging our private sectors to give an impetus to our growing bilateral trade an...
Prime Minister Boris Johnson told the European Union on Monday that the Brexit ball was in its court and that the bloc should now urgently discuss in detail his proposal for breaking the deadlock in talks ahead of Britain’s departure on Oct. 31.
With just 24 days to go before the United Kingdom is due to leave the EU, both sides are positioning themselves to avoid blame for a delay or a disorderly no-deal Brexit.
Huawei Technologies Co Ltd [HWT.UL] said it has started making 5G base stations without U.S. components and that total production of 5G base stations should more than double next year as more countries introduce the technology.
The company will start mass production of U.S. component-free 5G base stations next month, founder and CEO Ren Zhengfei told a forum on Thursday.
“We carried out the testing in August and September, and from O...