Reuters Company News

Lufthansa pledged tough restructuring on Wednesday, even as budget rival Wizz Air upgraded a Middle Eastern expansion - underscoring the contrasting fortunes among airlines grappling with the coronavirus crisis.

Copper hit its highest level since March on Thursday on the prospect of higher demand from top consumer China after data showed a strong performance in its services sector. China's services sector returned to growth last month for the first time since January as the economy recovers from strict coronavirus-induced containme

Britain will not walk away from the people of Hong Kong if China imposes a national security law that would conflict with its international obligations under a 1984 accord, Prime Minister Boris Johnson said on Wednesday.

The following are the top stories from selected Canadian newspaper The Globe And Mail. Reuters has not verified these stories and does not vouch for their accuracy.

Futures for Canada's main stock index were higher on Wednesday, as investors remained optimistic about global economic recovery ahead of the country's central bank announcing its interest rate decision.

AMC Entertainment Holdings Inc, the world's largest movie theater operator, said on Wednesday it has "substantial doubts" about its ability to keep running its business for a "reasonable period of time" due to the COVID-19 impact. (Reporting by Neha Malara in Bengaluru)

Canada Goose Holdings Inc said on Wednesday it expected a negligible level of revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic.

* Reuters Live Markets blog on European and UK stock markets: (Updates prices, adds comment)

Novavax Inc on Wednesday entered into a deal with contract drugmaker AGC Biologics to manufacture its experimental COVID-19 vaccine.

* Treasury operations in HK include cash management, forex deals

India's government has approved Gilead Sciences Inc's antiviral drug remdesivir for emergency use for five doses in treating COVID-19 patients.

(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) For those of us who have spent more than two months at home – working, exercising, connecting with friends, all on a remote basis -- it will come as no surprise that online communications firm Zoom nearly doubled its expectations for annual sales, boosting its shares almost 5%. That should add to the Nasdaq's momentum; it's around 3% from regaining record highs.

* Reuters Live Markets blog on European and UK stock markets:

* Shares up 3% (Adds shares, possible asset sales, details on cutbacks)

U.S. Republican Senator Tom Cotton cautioned Britain on Wednesday that a decision to allow China's Huawei a role in 5G networks could hurt military cooperation and be an issue in trade talks.

Japan's factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign and domestic demand for the country's autos and other manufactured goods.

* Final reading of eurozone PMIs awaited (Adds details, updates prices)

European shares joined a global rally on Wednesday as signs of a pickup in China's services activity offset concerns about Sino-U.S. trade tensions and widespread civil unrest in the United States.

Aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing's grounded 737 MAX jet until 2025-2027, it said in its annual results on Tuesday.

Polestar, the premium electric vehicle maker owned by China's Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's locally made Model 3.