Shares jump as investors cheer lockdown easing, more stimulus
Stock markets rallied on Monday as investors cheered news more countries were easing lockdowns and the Bank of Japan expanded stimulus to cushion the impact...
Imperial’s premium cigar era draws to a close in $1.33 billion sale
Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro ($1.33 billion) sale of hand-rolled makes including...
Alibaba demotes top executive after probe into behaviour: source
Chinese e-commerce giant Alibaba Group Holding Ltd has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper...
Lufthansa should be supported but not nationalised: Bavarian premier
The German government should support Lufthansa as it tackles the coronavirus crisis but the flagship carrier should not be nationalised, Bavarian State Premier Markus Soeder...
U.S. health insurers benefit as elective care cuts offset coronavirus costs
As Americans delay elective surgeries and avoid doctors and hospitals during the coronavirus pandemic, healthcare spending declines have more than offset the added costs of...
Explainer: U.S. payroll protection program: What has changed in round two?
The Small Business Administration (SBA) on Monday will release $310 billion in funds for the second round of its program that aims to help small...
EasyJet calls shareholder meeting under pressure from founder Stelios
Britain’s easyJet said it will hold a general meeting of investors on May 22 to consider resolutions put forward by its biggest shareholder and founder...
GE’s coronavirus troubles likely to hit power business, not just aviation
Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to...
Adidas says worse to come as profits and sales plunge
Adidas warned of an even deeper hit to second-quarter sales and profits from coronavirus lockdowns after the German sportswear firm reported worse-than-expected first-quarter results and...
Scrutiny mounts on China’s Luckin Coffee as market regulator inspects
China’s top market regulator has launched an inspection into Luckin Coffee , joining the country’s securities watchdog in doing so as the coffee chain comes...