Germany to grant rescue liquidity for carrier Condor: sources
Germany has agreed in principle to support struggling carrier Condor with emergency liquidity after the owner of Poland’s national airline LOT pulled out of a...
Branson says Virgin Atlantic will need UK government help to survive
Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline’s founder Richard Branson said on Monday....
Virgin Australia poised to enter voluntary administration: reports
Virgin Australia Holdings is poised to enter voluntary administration, local media reported on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because...
Volkswagen settles emissions class action with three-quarters of claimants
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmaker’s...
Oil falls as stocks fill, earnings set to shrink
Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies...
Shares turn cautious as U.S. crude gets crushed
Caution recaptured world markets on Monday as another drubbing for U.S. crude oil futures kicked off a week of data and earnings that will drive...
Danske Bank board proposes no dividends be paid for 2019
Danske Bank’s board of director will propose that no dividends be paid for 2019, it said in a statement on Monday....
Primark commits to paying for 370 million pounds of orders during coronavirus crisis
Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic....
New Aston Martin boss says focus on SUV launch, restarting factories
Aston Martin’s immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker’s new boss, Formula 1...
Burger chain Shake Shack to return $10 million government loan
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain’s chief executive said on Monday, making it...