June 8, 2020

Austria strikes 450 million eur bailout deal for Lufthansa unit: sources

Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with […]
June 8, 2020

Ryanair boss sees UK quarantine dropped or quashed by end-June

Ryanair believes Britain’s courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the end […]
June 8, 2020

Global stocks pause after recent run

World shares paused on Monday as investors turned cautious after a 42% surge since March, as economies continued to struggle with the effects of the coronavirus […]
June 8, 2020

Thai Airways rehabilitation may take up to seven years, legal advisor says

The rehabilitation of flag carrier Thai Airways International Pcl may take up to seven years, the airline’s legal advisor said on Monday. Powered by WPeMatico
June 8, 2020

HK residents rush for offshore bank accounts on China law worries: sources

Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China’s […]
June 8, 2020

Hong Kong activist investor David Webb to step back for health reasons

Hong Kong activist investor David Webb has said he will step back from posting his widely read critiques of companies and the city’s government after being […]
June 8, 2020

Jobs come first in South Korea’s ambitious ‘Green New Deal’ climate plan

The first stages of a South Korean government “Green New Deal” aiming to retool one of the world’s most fossil fuel-reliant economies is focused instead on […]
June 8, 2020

AstraZeneca shares down 2% after report it approached Gilead over tie-up

Shares in Britain’s AstraZeneca fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences about a possible merger to […]
June 8, 2020

Possibly millions of jobs could be lost if planes stay grounded, Heathrow boss says

Hundreds of thousands of jobs, if not millions, could be lost in Britain if aviation is not able to resume quickly, the chief executive of London’s […]
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