FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19)
Business
(Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new
Jaguar Land Rover unveils the new Jaguar F-Type model during its world premiere in Munich, Germany, December 2, 2019. REUTERS/Michaela Rehle (Reuters) – Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News reported bit.ly/3gqvegi on Saturday.
NEW YORK (Reuters) – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. FILE PHOTO: Floor traders work space is seen on the trading floor after the closing bell, following traders testing positive for Coronavirus disease (COVID-19), at the New
NEW YORK (Reuters) – The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief. FILE PHOTO: A Hertz rental car sign is placed outside a
FILE PHOTO: A General view of part of the floor at the New York Auto Show being held in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton (Reuters) – Organizers said Friday they were cancelling the 2020 New York auto show that had previously been pushed back until
FILE PHOTO: SAIC Motor Corp’s logos are pictured at its booth during the Auto China 2016 auto show in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon BEIJING (Reuters) – China’s biggest automaker SAIC Motor (600104.SS) expects the nation’s auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies,
FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., October 23, 2019. REUTERS/Erin Scott SAN FRANCISCO (Reuters) – Facebook Inc will shift toward more permanently embracing remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees in a publicly
LONDON (Reuters) – When a payroll glitch left Natalie Gallagher so short of cash this month she couldn’t afford her bus fare to work, she turned to her usual lender Amigo for an emergency top-up loan. FILE PHOTO: A pedestrian walks past a payday lending shop in London March 6, 2013. REUTERS/Suzanne Plunkett/File Photo But
(Reuters) – The S&P 500 hit more than a two-month high on Wednesday as signs of additional economic stimulus raised hopes of a swift recovery from a coronavirus-driven slump. The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York
LONDON/LAGOS (Reuters) – The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. FILE PHOTO: Kaombo Norte floating oil platform is seen at night off the coast of Angola, November 8, 2018. Picture
FILE PHOTO: FILE PHOTO: A seal is seen on Garuda Indonesia’s Boeing 737 Max 8 airplane parked at the Garuda Maintenance Facility AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, March 13, 2019. REUTERS/Willy Kurniawan/File Photo WASHINGTON (Reuters) – The Federal Aviation Administration said Tuesday it will require Boeing Co (BA.N) and other aircraft manufacturers
FILE PHOTO: A closed sign is seen in a shop window in Dunham Massey, following the outbreak of the coronavirus disease (COVID-19), Dunham Massey, Britain, May 7, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum
(Reuters) – U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also hoping for stimulus to cushion the economic blow from the pandemic. Drugmaker Moderna Inc (MRNA.O) said its experimental COVID-19 vaccine showed promising results in a
LONDON (Reuters) – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives. FILE PHOTO:
FILE PHOTO – U.S. Democratic presidential candidate Amy Klobuchar speaks at a North Carolina Democratic Party event in Charlotte, North Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal
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