Tag: Reports

Coronavirus: Rolls-Royce reports record loss as travel slumps

Image copyright Getty Images Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm reported a pre-tax loss of £5.4bn for the first half of this year. Rolls-Royce is in the middle of the biggest restructuring of its business in its history. On Wednesday, it confirmed… Read more →

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TikTok: Microsoft pauses talks on buying US arm – reports

A possible sale of Chinese-owned TikTok’s US operations to Microsoft is reportedly on hold after Donald Trump vowed to ban the video-sharing app. A sale was thought close to agreement, but was put in doubt after the US president’s warning on Friday. The Wall Street Journal said Microsoft had now paused talks despite TikTok owner ByteDance making last ditch efforts… Read more →

Coronavirus: Reports highlight impact on Scots economy

Image copyright Getty Images The huge impact of the coronavirus crisis on the Scottish economy has been highlighted in separate reports. An RBS survey indicated that private sector activity in Scotland fell at an “unparalleled” rate last month. Its Purchasing Managers Index (PMI) recorded the biggest drop in new business on record. Meanwhile, the Scottish Council for Development and Industry… Read more →