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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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CIPS poll finds 15% of businesses will no longer maintain their plans for sustainable supply chains due to the impact of COVID-19

2020-07-28 11:55:38| Green Car Congress

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Industry survey finds >57% of auto tech leaders expect COVID-19 to increase consolidation; >85% predict lasting impact on shared mobility

2020-07-26 10:55:37| Green Car Congress

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Oil Firms Say Storm Hanna Does Not Impact Gulf of Mexico Output

2020-07-24 20:15:00| OGI

Oil and gas companies said July 24 there have been no evacuations of workers or shutdowns of production from their offshore platforms in the U.S.-regulated northern Gulf of Mexico because of Tropical Storm Hanna.

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Dyson cuts 900 jobs amid coronavirus impact

2020-07-23 16:47:19| BBC News | Business | UK Edition

The company behind the first bag-less vacuum cleaner said 600 of the cuts would be in the UK.

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