April 27, 2020

Alibaba demotes top executive after probe into behaviour: source

Chinese e-commerce giant Alibaba Group Holding Ltd has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, […]
April 27, 2020

Europe restarts car factories amid uncertain demand

German carmaking giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, […]
April 27, 2020

Imperial’s premium cigar era draws to $1.33 billion end after slow burn sale

Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro ($1.33 billion) sale of hand-rolled makes including Cohiba […]
April 27, 2020

Lufthansa, Air France-KLM shares rise on bailout progress

Shares in Air France-KLM and Lufthansa led European stock market gains on Monday on hopes that government bailouts would see them through the coronavirus crisis. Powered […]
April 27, 2020

Shares gain as investors look to lockdown easing

Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries […]
April 27, 2020

NMC Health requests delisting from LSE

Troubled hospital operator NMC Health said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago. […]
April 27, 2020

Australia’s NAB seeks $2.2 billion from investors, slashes dividend as virus halves profit

National Australia Bank Ltd asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend to the lowest in almost three decades, as its first-half profit […]
April 27, 2020

Norwegian Air could soon run out of cash unless debt plan approved

Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on […]
April 27, 2020

UK airlines want coronavirus wage support scheme extended beyond June

Britain’s airlines want the government’s coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in air […]
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