Business & Finance News
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday.
EU antitrust enforcers, boosted by recent court victories, on Monday reinforced their case against Israeli drugmaker Teva over its deal with rival Cephalon to delay selling a generic version of its sleep disorder drug modafinil.
U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world’s biggest economy has weathered the worst fallout of the coronavirus outbreak.
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
Britain’s quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which has joined rivals in threatening legal proceedings.
World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week’s U.S. employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic.
Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.
The Federal Reserve’s most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion “Main Street Lending Facility” is meant to help will come clamoring for loans.
Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.
Ryanair will not cancel British flights despite Monday’s start of what the boss of Europe’s biggest budget airline called a “rubbish” 14-day quarantine for international arrivals.
EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to clear their $50 billion merger, people familiar with the matter said.
Michael Clark of Amy’s Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: “Customers not spending, having no trust in the economy.”
U.S. electric vehicle maker Tesla Inc sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).
EasyJet could have to make further job cuts if the government’s quarantine policy continues for a long period, the airline’s chief executive warned.
The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a year early at the end of August.
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