Exclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator, sources say Reuters UK - Jamie Freed
Associated PressNews Latam Airlines files for Chapter 11 bankruptcy protection Associated Press - APSouth American carrier Latam Airlines says it is seeking Chapter 11 bankruptcy protection as it grapples with the sharp downturn in air travel sparked by the coronavirus pandemic. The Santiago, Chile-based
Reuters Shopping malls group Klepierre re-opens 80% of European malls Reuters - Reuters EditorialPARIS (Reuters) - Shopping centre operator Klepierre (LOIM.PA) has re-opened 80% of its European malls and hopes to re-open 90% of them within 10 days, the company said on Tuesday, as global businesses
FortuneNews Novavax expects results from new human trial of coronavirus vaccine in July Fortune - Bloomberg Novavax Inc. initiated testing of its coronavirus vaccine candidate in people and anticipates providing a first look in July at what sort of immune …
Associated PressBusiness Asian shares up as recovery hopes overshadow virus worries Associated Press - By YURI KAGEYAMA, AP Business WriterTOKYO (AP) — Shares rose in Asia on Tuesday as some regions in Japan resumed close-to-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. The
ReutersEconomics India first quarter GDP growth likely to be weakest since 2012: Reuters poll Reuters - Vivek MishraBENGALURU (Reuters) - India’s economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown, a Reuters poll
Associated PressNews Worker shortage concerns loom in immigrant-heavy meatpacking Associated Press - By STEPHEN GROVES and SOPHIA TAREEN, Associated PressSIOUX FALLS, S.D. (AP) — When Martha Kebede’s adult sons immigrated from Ethiopia and reunited with her in South Dakota this year, they had few work opportunities. Lacking English skills, the brothers
ReutersSamsung Samsung Group heir questioned by prosecutors over contentious 2015 deal Reuters - Reuters EditorialSEOUL (Reuters) - Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Yonhap News Agency said. Lee is
Associated PressCoronavirus (Covid-19) US company trials coronavirus vaccine in Australia Associated Press - By ROD McGUIRK, Associated PressCANBERRA, Australia (AP) — A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year.
ReutersStock Markets Japan shares reach 10-week high, look past Sino-U.S. tension Reuters - Wayne ColeSYDNEY (Reuters) - Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world
Seeking AlphaOil & Gas Industry Pioneer Natural Resources Is Looking Even Better After The Earnings Release (NYSE:PXD) Seeking Alpha - Sarfaraz A. Khan Pioneer Natural Resources (PXD) has posted robust quarterly results and is now looking better prepared than ever to face the downturn. The collapse …
MarketplaceBusiness Small businesses innovated during lockdown, uncertain amid reopening Marketplace Marketplace - Alli Fam During lockdowns, businesses across the world have been innovating new ways to hold onto customers. And for some, that has meant a completely new …
ReutersCredit Suisse UBS announces global financing team Reuters - Chuck MikolajczakNEW YORK (Reuters) - UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.
Associated PressNews Gucci, Saint Laurent seek radical redo of fashion calendars Associated Press - By COLLEEN BARRY and THOMAS ADAMSON, Associated PressSOAVE, Italy (AP) — Gucci and Saint Laurent are two of the highest profile luxury fashion houses to announce they will leave the fashion calendar behind, with its relentless four-times-a-year rhythm, cadres
Reuters UKHM Treasury UK's Sunak authorises bailout to rescue strategically important companies Reuters UK - Kanishka Singh(Reuters) - British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial on
UK Politics Project Birch: Government prepares rescue plan for largest British firms cityam.com The Treasury has indicated it is prepared to rescue large British firms severely hit by the coronavirus crisis under its “Project Birch” bailout plan. …
Reuters UKStock Markets German survey fuels stock gains, euro investors eye EU summit Reuters UK - Yoruk BahceliLONDON (Reuters) - Stocks gained modestly on Monday after a survey showed German business morale rebounded in May, while investors kept a close eye on escalating U.S.-China tensions in a thin trading MSCI’s
FortuneNews Germany will take Lufthansa stake in landmark $9.8 billion bailout Fortune - Bloomberg Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized …
Reuters UKVivendi French billionaires raise stakes in defence of publisher Lagardere Reuters UK - Gwénaëlle BarzicPARIS (Reuters) - France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its
CNNLufthansa Lufthansa clinches $10 billion bailout from German government CNN - By Hanna Ziady, CNN BusinessLondon (CNN Business) — Lufthansa and the German government have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading
BloombergAir Canada Air Canada’s Bid for Transat Gets Extended EU Merger Probe Bloomberg - Aoife White Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition …
Reuters UKEconomics Slump in consumption, exports push Germany into recession in first quarter Reuters UK - Reuters EditorialBERLIN (Reuters) - A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of damage
BloombergNews Global Trade Volumes Fall the Most in More Than a Decade Bloomberg - Fergal O'Brien Global trade took its biggest hit in more than a decade in March, when the spread of the coronavirus began to take an increasingly heavy toll on …
Personal Finance (UK) Ikea introduces new shopping rules as 19 stores reopen to the public mirror.co.uk - Emma Munbodh Swedish furniture giant Ikea is set to reopen its doors for the first time in two months on June 1, as retailers across the UK slowly get back to …
The GuardianEqual 29,000 claims a year despite 50 years since Equal Pay Act The Guardian - Simon GoodleyThe 1970 act established the principle of equal pay for equal work after a strike by women at Ford’s Dagenham plant A consistently high number of workers are alleging that their employers are illegally
Associated PressCoronavirus (Covid-19) Japan lifts coronavirus emergency in all remaining areas Associated Press - By MARI YAMAGUCHI, Associated PressTOKYO (AP) — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.
ForbesFreightFirst Airlines Removed Economy Seats For Cargo. Now Business Seats Are Being Swapped For Medical Freight At Air Astana During Forbes - Will HortonIt is no longer surprising to see empty aircraft – not flights without passengers, but planes stripped of seats so medical cargo can be carried in the cabin. The latest airline to modify passenger jets
BloombergTech Industry Arnault Is Latest Billionaire to Invest in Lagardere Bloomberg - Helene Fouquet Bernard Arnault is the latest billionaire to invest in French media company Lagardere, backing the indebted heir of founder Jean-Luc Lagardere and …
ReutersMonsanto Bayer says it makes progress in settlement talks over weedkiller Reuters - Ludwig BurgerFRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal
Economics Recruitment boss warns of 'tsunami of job losses' once furlough scheme ends cityam.com The UK is facing a “tsunami of job losses” once the furlough scheme comes to an end, according to the boss of Britain’s biggest recruiter. James Reed, …
Associated PressBusiness Brussels Airlines to resume flights on downsized summer sked Associated Press - APStruggling Brussels Airlines will restart commercial flights next month with a significantly downsized summer schedule following a 12-week interruption due to the coronavirus. The company said in a statement
