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Coronavirus: Can Rishi Sunak save the economy from Covid-19?

2020-07-31 01:53:08| BBC News | Business | UK Edition

Will the chancellor's 190bn superpower be enough to counter the economic effects of coronavirus?

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Weatherford Remotely Installs Liner Hanger Offshore Russia Amid COVID-19

2020-07-30 16:03:21| OGI

Remote training and monitoring procedures enabled the successful installation of the liner hanger system, cementing products and tubular running services.

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Tyson Foods launches nationwide COVID-19 monitoring strategy

2020-07-30 16:00:00| National Hog Farmer

Company has created a chief medical officer position and plans to add almost 200 nurses and administrative support personnel.

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Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact

2020-07-30 09:52:00| Telecompaper Headlines

(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.

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Telefonica Q2 results hit by Covid-19, forex effects, revenues fall 15%

2020-07-30 09:14:00| Telecompaper Headlines

(Telecompaper) Telefonica reported a sharp fall in second-quarter results, hurt by the Covid-19 pandemic and negative forex effects. Revenues fell 14.8 percent to EUR 10.34 billion, OIBDA was down 25.3 percent to EUR 3.32 billion, and net profit plunged 50.7 percent to EUR 425 million. Telefonica said underlying cash flow improved slightly, thanks to efforts to control costs and accelerate the digital transformation, and the company still expects to meet its full-year cash flow and dividend targets. 

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