German airline Condor to receive loans worth 550 million euros: government
The German government and the federal state of Hesse have agreed to provide Condor with loans worth 550 million euros ($596.31 million), the economy minister...
NMC Health to delist from London Stock Exchange
Troubled hospital operator NMC Health on Monday said it requested London Stock Exchange to delist its shares after they remained suspended for two months....
Holiday Inn-owner taps Bank of England loans as room revenue sinks
Holiday Inn-owner InterContinental Hotels said on Monday it had raised 600 million pounds ($747 million) from Bank of England loans under the government’s coronavirus aid...
Adidas misses forecasts with 93% profit plunge, warns on sales
Adidas reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns...
Oil prices skid on oversupply, storage capacity fears
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not come fast enough to...
Norwegian Air’s debt plan sharply dilutes stake of current owners
Norwegian Air’s proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed...
VW re-starts Europe’s largest car factory after coronavirus shutdown
Volkswagen the world’s largest carmaker by sales, on Monday said it had resumed work at its biggest factory in Wolfsburg, Germany, to give its workers...
No decision yet on state aid for Germany’s Lufthansa: minister
Berlin will decide on state support for Lufthansa once the country’s largest airline applies for aid and all facts are on the table, the German...
Adidas expects sales to fall at least 40% in second quarter
German sportswear firm Adidas expects to take a bigger hit from the coronavirus lockdowns in the second quarter, predicting that sales will fall more than...
Bayer more stringent in glyphosate settlement talks due to downturn
German drugs and pesticides company Bayer said the economic downturn due to the coronavirus has prompted it to take a tougher stance in talks to...