The owner of British Airways is considering launching a legal challenge against the UK’s looming quarantine plan, in the latest sign of a breakdown in relations between airlines and the government over the coronavirus pandemic.
British luxury carmaker Bentley Motors said on Friday it plans to shed up to 1,000 jobs, nearly a quarter of its workforce, adding to the gloom in the sector hit hard by the coronavirus pandemic.
World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe’s stimulus boost, fuelling hopes for a global rebound.
Stock futures rose Friday morning as investors awaited the Labor Department’s May jobs report and digested very early signs of recovery in the virus-stricken economy. …read more […]
At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.
Tim Davie was appointed the new head of the BBC on Friday, tasked with securing the future direction and financing of the publicly funded British broadcaster in the wake of government scepticism of the current model.
Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs at its aviation unit and take a related charge of $40 million this year, as the COVID-19 pandemic hurts sales.
U.S. stock index futures rose on Friday with S&P 500 futures hitting a three-month high, as investors focused on tentative signs of a post-coronavirus economic rebound ahead of another expected plunge in U.S. employment data.
Tim Davie has been appointed the new head of the BBC and will take over the role at the start of September, the publicly funded British broadcaster announced on Friday.
German car maker Volkswagen AG said on Friday that it had added two members to the executive committee of its supervisory board.
Top news and what to watch in the markets on Friday, June 5, 2020. …read more […]
Allianz is in talks with Chinese regulators for a licence as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy.
European stocks are likely to rise another 10% by the end of September as the re-opening of economies after virus lockdowns is likely to lead to a significant pick-up in business activity, Bank of America analysts said on Friday.
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
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