Exclusive: BP to cut 15% of workforce – sources
BP plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to...
Austria strikes 450 million eur bailout deal for Lufthansa unit: sources
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar...
Ryanair boss sees UK quarantine dropped or quashed by end-June
Ryanair believes Britain’s courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the...
PG&E plans $5.75 bln equity raise to fund bankruptcy exit
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11...
Futures rise on optimism over economic revival
U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world’s biggest economy has weathered...
EasyJet CEO says legal case against UK quarantine is strong
Britain’s quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which...
Stocks inch up on quick economic revival hopes
World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week’s U.S. employment data...
PG&E expects to raise $5.75 billion from public offerings to fund bankruptcy exit
Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy....
U.S. Fed’s Main Street lending facility likely to start with a whimper
The Federal Reserve’s most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the...
Morgan Stanley flags risk oil price rally will lead to a fall
Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark...