Air France-KLM nears bailout with improved guarantees: sources
PARIS, Reuters – Air France-KLM AIRF.PA is moving towards a 10 billion-euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees...
Delta to halve cash burn as it braces for sluggish recovery from pandemic
Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, but said its...
Wall Street opens higher after oil-led selloff
U.S. stock markets opened higher after a two-day selloff on Wednesday as upbeat quarterly earnings reports lifted sentiment following a record crash in oil prices,...
Air travel resumption will require social distancing, says EU
The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus pandemic lockdowns end, including social...
Zoom to launch upgraded meeting app with better encryption
Zoom Video Communications Inc said on Wednesday it was upgrading the encryption features on its video conferencing app to better protect meeting data and offer...
U.S. Treasury chief looks for most if not all of U.S. economy to be open later in summer
U.S. Treasury Secretary Steven Mnuchin said on Wednesday most, if not all, of the U.S. economy should be reopened by later in the summer after...
Netflix to raise $1 billion in debt to fund new shows
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt, a day after the streaming pioneer doubled its own projections for...
Brent crude oil rises after hitting lowest this century on coronavirus crisis
Brent crude oil rose on Wednesday after slumping below $16 a barrel to its lowest since 1999, supported by voluntary as well as the prospect...
Delta to reduce cash burn as it braces for sluggish recovery from pandemic
Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, but said its...
Iran says it will fare better than others after oil crash amid battered economy
Iran will not suffer as much as other countries from the oil price plunge as it is less reliant on crude exports, its president said...