Italian government to take control of Alitalia: draft decree
The Italian government plans to take control of Alitalia, a draft decree seen by Reuters showed on Monday, as the loss-making carrier risks going belly...
LSE gets U.S. nod for Refinitiv deal
The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its $27 billion takeover of...
Feed the hamster: German retailer asks students to restock shelves
A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after...
Brent falls 10%, WTI below $30 as coronavirus spreads
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts...
Zero rates, zero impact: Fed & co fail to calm markets
Stock markets and oil prices continued to nose-dive on Monday after the second emergency cut in U.S. interest rates in as many weeks — effectively...
Starbucks temporarily moves to ‘to go’ model amid virus outbreak
Starbucks Corp has moved to a “to go” model in all its company-owned stores in the United States and Canada for at least two weeks...
Ryanair slashes flights, says could ground entire fleet
Ryanair will ground most of its aircraft over the next seven to 10 days as Europe’s biggest low-cost airline braces for an up to 80%...
Hong Kong’s Cathay Pacific to sell six Boeing aircraft to BOC Aviation
Hong Kong’s Cathay Pacific Airways Ltd on Monday said it would sell six Boeing 777-300ER aircraft and its associated equipment for $703.8 million to BOC...
After the Fed, the dollar may not subside
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning...
Finablr raises doubts about its future, CEO leaves
Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief executive would step down....