Berlin government, Lufthansa pursue rescue deal: sources
Lufthansa and the Berlin government are pursuing a 9 billion euro ($9.76 billion) rescue package for the airline, company and government sources said on Tuesday,...
Lufthansa CEO warns of too much government influence: Die Zeit
Lufthansa would be hard to steer if governments had too much influence on the company, its CEO was quoted as saying by German weekly Die...
Ford investors keen for details on when automaker will restart U.S. operations
Investors already know how the coronavirus outbreak has hurt Ford Motor Co’s bottom line, so when the automaker releases first-quarter results on Tuesday they will...
Wealth revamp helps UBS to 40% net profit rise in first quarter
The world’s largest wealth manager, UBS , reported a 40% rise in quarterly profit on Tuesday, with its core business enjoying its best three months...
March global sales slump spells trouble ahead for Japan’s carmakers
Global vehicle sales by Japanese automakers dropped by 34% in March when the coronavirus outbreak spread worldwide, and are set to fall further in the...
Exclusive: Aurubis to win EU approval for Metallo takeover – sources
Europe’s biggest copper smelter Aurubis is set to win EU antitrust approval for its planned 380-million-euro ($412 million) acquisition of Belgian-Spanish metal recycling group Metallo,...
Another day, another 20% plunge in WTI oil
Another big fall in oil prices dragged hordes of petrocurrencies under on Tuesday but even an HSBC warning of mounting bad credit and a near...
Norwegian Air slightly amends terms of conversion plan after talks with bondholders
Norwegian Air , the budget carrier that is fighting for its survival, has made some amendments to the terms of its debt-to-equity conversion plan in...
Oil prices fall on brimming storage, bleak recovery prospects
Oil prices plunged for a second day in a row on Tuesday on concerns about dwindling global capacity to store more crude and fears that...
Tesla’s Musk nears $750 million options payday ahead of results
Tesla Inc Chief Executive Elon Musk is on the cusp of a roughly $750 million payday as the electric carmaker’s stock recovers from a slump...