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...
Ryanair to fly through ‘rubbish’ UK quarantine: O’Leary
Ryanair will not cancel British flights despite Monday’s start of what the boss of Europe’s biggest budget airline called a “rubbish” 14-day quarantine for international...
Exclusive: EU has concerns about Fiat, PSA deal, may need concessions – sources
EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to...
Scarred and scared: post-Covid consumers not their old selves
Michael Clark of Amy’s Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain:...
EasyJet CEO warns UK quarantine could lead to more job losses
EasyJet could have to make further job cuts if the government’s quarantine policy continues for a long period, the airline’s chief executive warned....
Factbox: Who’s bidding to be next World Trade Organization chief?
The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a...
Galeries Lafayette’s Champs Elysees store struggles as group faces $1 billion hit: CEO
Galeries Lafayette’s [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according...
UK luxury brand Mulberry to cut 25% of workforce
British luxury brand Mulberry plans to cut its global workforce by about 25% as it seeks to reduce its cost base with demand hit by...