Rome to take full control of Alitalia in June: minister
The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone...
Honda extends North America auto production halt through May 8
Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves...
Eli Lilly lifts 2020 profit forecast; coronavirus fuels stockpiling of its medicines
Eli Lilly and Co raised the top-end of its 2020 profit forecast on Thursday and reported better-than-expected quarterly results, as customers stocking up medicines such...
U.S. Treasury says will be hard for public companies to qualify for coronavirus relief loans
A highly valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury said on Thursday, just as Congress was...
South African Airways faces wind-down or liquidation as cash runs out
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run...
Repair, abandon, burn: Russia explores options for historic oil cut
In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut...
Lufthansa reports first quarter operating loss of 1.2 billion euros
Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros ($1.3 billion)...
Wall Street jumps on hopes worst for labor market is over
Wall Street jumped 1% on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic’s impact on...
Colombia’s Avianca says survival of the airline is in doubt due to coronavirus crisis
The financial auditors of Colombian airline Avianca Holdings have concluded that “substantial doubt” exists as to the company’s ability to stay in business due to...
South Africa’s SAA faces wind-down or liquidation, rescue team says
Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that...