FRANKFURT: Lufthansa will seek to avoid a grounding and insolvency, Chief Executive Carsten Spohr said on Sunday (Jun 21), before a showdown between the airline's biggest shareholder and the German government over the terms of a 9-billion-euro bailout. Lufthansa has been hard hit by what is ...
NEW YORK: American Airlines Group Inc is planning to raise around US$1.5 billion by selling shares and convertible notes, as the airline shores up liquidity after travel disruption due to coronavirus, Bloomberg News reported on Sunday (Jun 21). The airline could announce the offering as early as ...
BEIJING: China banned imports from a top US poultry producer and ordered a Beijing Pepsi factory to close on Sunday (Jun 21) as authorites clamped down on food production and distribution amid a new coronavirus cluster in the capital. Health officials also reported 22 new virus cases in Beijing ......
Lufthansa's biggest shareholder, billionaire Heinz Hermann Thiele, will meet Germany's economics minister for talks on Monday about a 9 billion euro (US$10.1 billion) bailout for the airline, a source close to the matter told Reuters.
Wineries around Cape Town fear a nine-week alcohol sales ban will leave a bad hangover that outlasts the coronavirus pandemic, as South African bottles lose their spots on international shelves and thousands of jobs are lost.
Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber.
None of the US$2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday.
LONDON: British Chancellor of the Exchequer Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times newspaper reported. Sunak has ordered officials to prepare options for reducing ...
Chinese telecoms equipment maker Huawei Technologies Co Ltd is expected to receive planning permission this week to build a 400-million-pound (US$494.24-million) research and development centre in Britain's Sawston village, the Sunday Times newspaper reported.
Chinese telecoms equipment maker Huawei Technologies Co Ltd is expected to receive planning permission this week to build a 400-million-pound (US$494.24-million) research and development centre in Britain's Sawston village, the Sunday Times newspaper reported.
