Austria Agrees 450 Million Euro Aid Deal for Lufthansa Arm
Austria has agreed to provide support worth 450 million euros ($508 million) to Deutsche Lufthansa AG’s division in the country, according to people familiar with…
Taiwan Trade Surplus Rebounds as Cost of Oil Imports Plunges
Taiwan’s trade surplus expanded to its widest in nine months in May, fueled by increased global demand for electronic equipment and weaker oil prices.
Heathrow Could Cut More Than 2,000 Jobs If Quarantine Continues
London Heathrow airport said it may need to cut one-third of its workforce if the U.K. government doesn’t indicate soon that it plans to relax…
Sweden’s Government Steps Up Efforts to Vet Foreign Takeovers
Sweden is stepping up efforts to shield its critical businesses from foreign takeovers at a time of economic weakness due to the Covid-19 pandemic.
German Industrial Slump Hits Bottom With Record Output Drop
German industrial production took a record-hit in April, before a gradual easing of lockdown restrictions set off an ever-so-slow recovery.
Huawei Employees See Dire Threat to Future From Latest Trump Salvo
The Trump administration has fired multiple salvos against Huawei Technologies Co. since the start of a campaign to derail China’s technological ascendancy. The latest blow…
China Oil Demand Recovery Is Complete on Record Import Haul
China’s crude imports soared to an all-time high last month, capping an astounding rebound in oil demand after the nation’s economy was flattened by lockdowns…
Airbus’s Global Footprint Becomes a Burden in a Shrinking Market
Over the past dozen years, Airbus SE has grown from a European planemaker with purely local production into a global manufacturer with assembly lines on…
China’s Soybean Imports Surged in May on Buying From Brazil
Soybean imports by China rose 27% in May from a year earlier, after crushers increased purchases from Brazil to take advantage of cheap supplies amid…
Vietnam’s National Assembly Approves New Trade Deal With Europe
Vietnam’s parliament unanimously approved a free-trade agreement with the European Union that will scrap almost all tariffs on goods traded between the bloc and the…
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