May 12, 2020

Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt Hotels Corp said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted […]
May 12, 2020

Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries

Planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half of what it delivered a year ago, blaming the […]
May 12, 2020

Brussels Airlines slashes jobs, fleet as COVID-19 bites

Brussels Airlines, part of Germany’s Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its […]
May 12, 2020

German watchdog conducts multiple investigations into Wirecard

Germany’s financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard . Powered by WPeMatico
May 12, 2020

U.S. Congress to quiz bank regulators on coronavirus rule-easing, assistance

Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear […]
May 12, 2020

Ryanair to resume 40% of July flights with new rules for passengers

Ryanair on Tuesday confirmed it will return to 40% of its planned flight schedule from July 1 and will require passengers to wear face coverings and […]
May 12, 2020

Futures edge higher on recovery hopes, China tariff exemptions

U.S. stock index futures ticked higher on Tuesday as China’s move to waive off tariffs on some U.S imports added to hopes that the easing of […]
May 12, 2020

China’s Tesla wannabes risk running out of road in virus-stricken times

Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, […]
May 12, 2020

AIG approaches shareholder pay vote with cautious approval from proxy firms

American International Group Inc faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns […]
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