LATAM becomes largest airline to file for bankruptcy amid coronavirus
LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis....
S&P 500 futures top 3,000 points on recovery hopes
U.S. stock futures rose 2% and breached a major chart barrier on Tuesday as global easing of lockdowns and business restarts boosted optimism about economic...
Ryanair vows to appeal against Lufthansa aid package
Ryanair will contest a 9 billion-euro ($9.9 billion) German aid package for Lufthansa, the budget airline’s Chief Executive Michael O’Leary said in a statement on...
Travel and leisure stocks rejoice on summer holiday hopes
European travel stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the...
‘How about next June?’ Small meat processors backlogged as virus idles big plants
Inside the small-scale Iowa abattoir Stanhope Locker and Market, owner Shaunna Zanker yawns with exhaustion as she listens to yet another farmer asking her to...
Israel taps local desalination firm IDE over Hong Kong rival
Israel on Tuesday chose local company IDE Technologies over a Chinese-linked rival to build the country’s largest desalination plant to tackle water shortages in one...
World shares reach 10-week high, S&P 500 eyeing 3000
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China...
Lufthansa unit Eurowings to cut a third of head-office staff
Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts...
Tencent to invest $70 billion in ‘new infrastructure’
Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence...
Insurer AXA to pay out to restaurants after court ruling
AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer...