Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany’s flagship carrier said on Monday.
Germany’s rescue package for flagship carrier Lufthansa is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. Renault has called for a meeting with unions on Thursday regarding its cost-saving plans, the representative said. “This is when the general management will formalise what it calls a 2 billion (euro) cost-cutting plan, in which further staff reductions and even site closures can be expected,” CGT representative Fabien Gache said in a video posted online. …read more […]
The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
The first astronaut spaceflight launch from US soil in almost a decade is ready for liftoff this Wednesday. …read more […]
Mortgage rates are at levels that were once unthinkable, thanks to the Fed. …read more […]
Air Canada’s bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
In a financial environment riddled with unprecendented levels of uncertainty, investors are at wits’ end. When it comes to finding an investment strategy that will yield returns, traditional methods might not be as dependable. So, how should investors get out of the rut? In times like these, a more comprehensive stock analysis can steer investors in the direction of returns. Rather than looking solely at more conventional factors like fundamental or technical analyses, other metrics can play a key role in determining whether or not a particular stock is on a clear path forward. TipRanks offers a tool …read more […]
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