Lufthansa’s $6.7 billion German recapitalization gets EU nod
Deutsche Lufthansa AG won European Union approval for Germany’s 6 billion-euro ($6.7 billion) recapitalization that Irish rival Ryanair Holdings Plc says it will sue to…
EasyJet bolsters liquidity by raising $520 million in share sale
EasyJet Plc raised about 419 million pounds ($520 million) in a share sale, padding its coffers for the gearing up of flights as the European…
Lufthansa’s 6 billion-Euro German recapitalization gets EU nod
Deutsche Lufthansa AG won European Union approval to receive a 6 billion-euro ($6.75 billion) recapitalization from the German government, hours before shareholders vote on the…
Qantas may actually benefit from the coronavirus
With its near monopoly in the domestic market, the carrier is in a good position as aviation recovers.
Qantas to raise $1.3 billion and cut 6,000 jobs to survive virus
Qantas Airways Ltd. will raise as much as A$1.9 billion ($1.3 billion) and cut at least 6,000 jobs as the coronavirus pandemic continues to keep…
China gasoline exports risk derailing motor fuel’s recovery
A surge in Chinese gasoline exports is threatening to derail a nascent recovery in profits for Asian refiners making the motor fuel, who have endured…
Harvard grad’s Nikola bet bolsters dynasty built on dynamite
When Kim Dong Kwan joined his family’s business a decade ago, he had one focus: green energy.
Pentagon names 20 Chinese firms it says are military-controlled
The Pentagon put Huawei Technologies Co. and Hangzhou Hikvision Digital Technology Co. on a list of 20 companies it says are owned or controlled by…
US rebuffs China, rejecting links between Covid and food
U.S. health and agricultural authorities issued thinly veiled criticism of new demands from China for food-exporting companies to sign documents stating that they comply with…
Modi looks inward to save Indian economy as crisis bites
Prime Minister Narendra Modi wants to make India more self-reliant, but if the experience over the past few years is anything to go by, it’s…
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