April 26, 2020

European carmakers restart production as coronavirus lockdowns ease

Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus […]
April 26, 2020

U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser

The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to […]
April 26, 2020

German government divided over form of Lufthansa rescue deal

Germany’s ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company aims […]
April 26, 2020

White House aims to zero in on further stimulus to help battered economy

White House advisers hope to come up with several options to present to President Donald Trump for “big thoughtful policies” to help rebuild confidence in an […]
April 26, 2020

When oil became waste: a week of turmoil for crude, and more pain to come

The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures , which […]
April 26, 2020

Tesla is calling some workers back to California factory: Bloomberg News

Tesla Inc is calling some workers back to its San Francisco Bay Area vehicle-assembly plant next week, Bloomberg News reported on Saturday. Powered by WPeMatico
April 26, 2020

Virgin Atlantic says still talking with UK government on coronavirus funds

Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as […]
April 25, 2020

Special Report: Countries, companies risk billions in race for coronavirus vaccine

By Julie Steenhuysen, Peter Eisler, Allison Martell and Stephanie Nebehay Powered by WPeMatico
April 25, 2020

U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury

The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to […]
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