EasyJet’s battle with founder heads for May 22 showdown
EasyJet’s battle with its founder and biggest shareholder Stelios Haji-Ioannou will come to a head on May 22, when the results of an investor vote...
Futures gain as more states prepare to ease lockdown
U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including...
GM suspends dividend, share buybacks as coronavirus hits sales
General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash...
Volkswagen re-starts Europe’s largest car factory after coronavirus shutdown
VW the world’s largest carmaker by sales, resumed work at its biggest factory in Wolfsburg, Germany, on Monday even as inventory levels across the industry...
Norway now in formal talks with Thyssenkrupp over new submarines
Norway has started formal talks with the shipbuilding division of Thyssenkrupp for the construction of new submarines and expects to conclude the negotiations this year,...
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...