Germany approves new powers to block foreign takeovers in healthcare
Germany gave itself new powers to veto hostile foreign takeover bids for healthcare companies on Wednesday, a measure designed to ensure a continuous supply of...
Norwegian Air’s lessors including China’s BOC take main ownership
Lessors including China’s BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought...
Stocks adrift as vaccine rally falters
European stocks slipped lower on Wednesday and gold gained as a sceptical press report undermined some hopes for a COVID-19 vaccine and concern about obstacles...
U.S. blacklists Chinese logistics firm over business with Iran airline
Washington on Tuesday imposed sanctions on a China-based company it accused of acting on behalf of U.S.-blacklisted Mahan Air, the Treasury Department said, and denounced...
Norwegian Air gets $271 million state-backed loan after debt restructuring
Budget airline Norwegian Air has secured a long-sought credit guarantee from Norway’s government after completing a debt restructuring, it said on Wednesday, allowing it to...
Oil steady as economic worries offset signs of firmer demand
Oil prices held steady on Wednesday despite signs of improving demand and a drawdown in U.S. crude inventories, as worries over the economic fallout from...
Britain’s Rolls-Royce to cut 9,000 jobs amid air travel slump
Britain’s Rolls-Royce said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that...
Britain’s Rolls-Royce to lay-off 9,000 jobs
British engine-maker Rolls-Royce said that it would need to lay-off at least 9,000 of its 52,000 staff to make annual cost savings of 1.3 billion...
Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a...
Stocks adrift as vaccine rally falters; gold and bonds rise
Asian stocks struggled to extend the week’s rally on Wednesday, and gold and bonds firmed, as a sceptical press report dented some hopes for a...