Bloomberg Intel Corp. withdrew its full-year sales forecast, citing “significant economic uncertainty” caused by the Covid-19 pandemic. The company’s shares fell more than 5% in late trading. The world’s largest semiconductor maker reported a 23% jump in first-quarter revenue and better-than-projected profit, bolstered by demand for chips that run the laptops and server machines companies need to keep people working ...

Bloomberg Renault SA is poised to get a state-backed loan of about $5.4 billion to cushion the struggling French carmaker from the impact of the coronavirus pandemic that has clobbered the auto industry. French Finance Minister Bruno Le Maire said the funding package is still under negotiation, while at the same time announcing an even bigger one for Air France-KLM, ...

Bloomberg British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates put payments for business interruption at 900 million pounds, followed by a record 275 million-pound payout for canceled travel, the Association of British Insurers said on ...