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Updated: 4 years 29 weeks ago
Airlines get selective boost from coronavirus bailouts
Progress towards coronavirus bailouts buoyed the shares of Lufthansa and Air France-KLM on Monday, as the protracted travel slump turned up the heat on rivals yet to secure financing needed to tide them through the pandemic.
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Wall Street gains as U.S. states start to reopen
U.S. stock markets rose on Monday as more states prepared to lift coronavirus-induced curbs and investors geared up for the busiest week of quarterly earnings reports, including from tech titans Apple and Microsoft.
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Microsoft wins five-year deal with Coca-Cola to supply business software
Microsoft Corp on Monday said it had won a five-year deal with Coca-Cola Co to supply business software, including its Teams chat app and tools for customer service agents.
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Buffett and Abel, but not Munger, to field questions at Berkshire annual meeting
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not.
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Any aid for Germany's Lufthansa must have strings attached: senior SPD lawmaker
Any state support for Germany's largest airline, Lufthansa , must come with strings attached, a senior legislator for the Social Democrats said, suggesting that management should be banned from receiving dividends or bonuses.
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Nissan plans to slash Japan May car output by 78% vs last year, June: documents
Japan's Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales.
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Shares rise on lockdown easing hopes; oil drops
Global stock markets rose on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.
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U.S. oil plunges, Brent below $20 a barrel on storage, economic woes
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
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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, according to a person familiar with the matter.
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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 and Montecristo which will help it pay down debt.
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Trump to meet with textile makers as companies shift to masks, gowns: Navarro
U.S. President Donald Trump will meet with American textile industry representatives on Monday as clothiers seek to shift their production lines to face masks and other critical items amid the coronavirus outbreak, the White House said.
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Embraer files arbitration against Boeing as shares fall over failed deal
Brazil's Embraer SA on Monday said it had begun an arbitration process against Boeing Co , after the U.S. planemaker canceled a $4.2 billion deal over the weekend that its former partner saw as crucial to its long-term success.
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Wall Street gains as U.S. states set to reopen
U.S. stock markets opened higher on Monday as more states prepared to ease the coronavirus-induced curbs and investors awaited quarterly earnings reports from marquee companies including Apple and Microsoft later this week.
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Wall Street set to rise as U.S. starts to reopen, Boeing gains
Wall Street was set to rise at the open on Monday as more states prepared to lift coronavirus-induced curbs and Boeing gained after pulling out of a deal to buy Embraer's commercial jets division.
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Thai Airways to press ahead with maintenance facility after Airbus withdraws
State-owned Thai Airways International Pcl will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus dropped out due to the coronavirus outbreak, a senior official said on Monday.
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Brazil's Embraer files arbitration proceedings against Boeing after deal collapse
Brazil's Embraer SA has already begun an arbitration process against Boeing Co , its CEO said on Monday, after the U.S. planemaker canceled a $4.2 billion deal overnight.
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Futures gain as more states prepare to ease lockdown
U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week.
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Oil prices resume slide on oversupply and storage concerns
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
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EasyJet's battle with founder heads for May 22 showdown
EasyJet's battle with its founder and biggest shareholder Stelios Haji-Ioannou will come to a head on May 22, when the results of an investor vote on the airline's strategy to stick with a plan to buy more planes will be made public.
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Volkswagen re-starts Europe's largest car factory after coronavirus shutdown
VW the world's largest carmaker by sales, resumed work at its biggest factory in Wolfsburg, Germany, on Monday even as inventory levels across the industry continue to build up as the coronavirus pandemic saps demand.
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