Airbus announced that it had returned to a profit in the first quarter following a 1.1 billion euro loss last year because of the coronavirus pandemic, but its top executive warned that the economic toll would continue, the New York Times reported. “The first quarter shows that the crisis is not yet over for our industry, and that the market remains uncertain,” Guillaume Faury, chief executive of the world’s largest airplane maker, said.
World shares advanced Thursday ahead of the release of U.S. economic growth data and following a speech by President Joe Biden outlining ambitious plans for beefing up early education and other family oriented policies, the Associated Press reported. London’s FTSE 100 jumped 0.7% to 7,013.40. In Paris, the CAC40 climbed 0.6% to 6,344.17. Germany’s DAX slipped 0.2% to 15,262.39 as a report showed weakening consumer confidence. The future for the Dow industrials rose 0.4% and that for the S&P 500 surged 0.6%. U.S.
France and Italy are set to extend virus restrictions as Europe struggles to contain a sharp increase in infections due to new variants, Bloomberg News reported. The resurgence in the outbreak is a setback for governments, whose plans to get life back to normal and revive their economies have already been stymied by a slow vaccine rollout across the European Union. The French virus spike has been particularly bad, and Germany and Spain last week imposed border restrictions to travelers coming from the country. French President Emmanuel Macron is due to address the nation at 8 p.m.