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Updated: 4 years 29 weeks ago
Lufthansa, German government agree on rescue package: dpa
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, German news agency dpa reported on Monday.
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Stocks gain as German survey fuels optimism; dollar firm
Stocks edged higher on Monday after a survey showed German business morale rebounded in May, boosting optimism around economic re-openings, although caution prompted the dollar to snap a rare losing streak.
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German court rules Volkswagen car owners entitled to damages in emissions scandal
A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal.
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Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulus
Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
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Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
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Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
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Asian shares reverse early gains, eyes on China-U.S. trade relations
A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.
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Japan looking to end Tokyo's state of emergency, eyes fresh $930 billion stimulus
Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
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China's Great Wall expects mild domestic auto sales growth in second half
Great Wall Motor expects China's overall auto sales in the second half this year to return to the same level as last year, its president said, as the world's biggest auto market recovers from a coronavirus-driven low.
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Asian shares tick up, eyes on China-U.S. trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two biggest economies dulled risk appetite.
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Japan eyes fresh stimulus plan worth over $929 billion to battle pandemic: Nikkei
Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.
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Japan eyeing second extra budget worth over $929 billion: Nikkei
Japan's government is considering compiling a second extra budget for the current fiscal year worth over 100 trillion yen ($929.45 billion) to combat the economic fallout from the coronavirus pandemic, the Nikkei newspaper reported on Monday.
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Lufthansa to resume flights to 20 destinations from mid-June
Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
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Aston Martin's chief to leave as a part of shake-up: FT
Aston Martin is reviewing its management team, the British carmaker told Reuters on Sunday, responding to a Financial Times report which said that Chief Executive Andy Palmer is leaving the business as part of a shake-up.
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Most publicly listed companies keep U.S. small-business aid loans
More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared.
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Air France must slash domestic traffic in exchange for state guarantees -minister
Air France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday.
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Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.
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Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News said on Saturday, a report the company said was inaccurate.
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Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
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Large employers push back on U.S. healthcare mergers during coronavirus crisis
A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the effects of the COVID-19 pandemic.
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