Gebrüder Weiss Announces New Facilities Down Under
International logistics company Gebrüder Weiss announces plans to open air and sea freight locations in Australia and New Zealand, expanding its network in the Asia-Pacific…
US firms in India raise concerns about delayed China shipments
India’s border stand-off with China may disrupt the supply chains of U.S. companies based in the south Asian nation.
US May exports sink to 11-year low as imports drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset…
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.
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