Germany duels with EU over $9.9 billion bailout for Lufthansa
The German government bristled at the European Commission’s antitrust demands on its 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, in a sign of…
South African Airways ex-chairwoman banned from directorships
Former South African Airways Chairwoman Dudu Myeni was banned from holding directorships for life and ordered to pay legal costs after a three-year battle to…
Airline fundraising hits record as coronavirus brings travel to standstill
Airlines in Asia are tapping the market and existing shareholders for new funds at the fastest pace as the coronavirus pandemic has almost brought international…
SAS warns shareholders it needs more money as 5,000 jobs cut
Scandinavia’s main carrier SAS AB warned shareholders it will need to generate more funding to see it through the crisis triggered by Covid-19.
Ship crews stuck at sea are facing a ‘humanitarian crisis’
Even as countries try returning to some semblance of pre-pandemic life, ongoing restrictions are wearing thin a crucial human link in the global supply chain.
TSMC makes a key Washington hire to help navigate China tensions
Taiwan Semiconductor Manufacturing Co., a major chipmaker to Apple Inc. and Huawei Technologies Co., has hired a new lobbyist in Washington to help stave off…
Swiss billionaire bets on train builder weathering pandemic
Peter Spuhler transformed Stadler Rail AG from a company with a workforce of 18 people to a global powerhouse whose roughly 11,000 employees build everything…
American Airlines to cut 30% of management and support staff
American Airlines Group Inc. plans to cut 30% of its management and support staff as it tries to weather the dramatic downturn brought on by…
Some Hong Kong democrats want Trump to hammer city’s economy
Hong Kong’s most prominent pro-democracy advocates called on President Donald Trump to hit China hard, even to the point of revoking the city’s special trading…
Green shoots emerge in world economy as virus lockdowns ease
Slowly but not surely, the world economy is emerging from its coronavirus-enforced hibernation.
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