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Ryanair CEO reports surge in holiday bookings, sees UK dropping quarantine

Reuters Business News - Wed, 05/27/2020 - 03:59
Ryanair expects Britain to join other European countries in dropping COVID-19 quarantine plans in the coming weeks, chief executive Michael O'Leary said in an interview on Wednesday as he reported a "big surge" in holiday bookings from the country.
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Renault and Nissan deepen cooperation in bid for survival

Reuters Business News - Wed, 05/27/2020 - 03:52
Renault , Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.
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Turkish Airlines may delay delivery of Airbus, Boeing planes: report

Reuters Business News - Wed, 05/27/2020 - 03:47
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing and Airbus planes, its chairman was quoted as saying on Wednesday.
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Boeing set to announce significant U.S. job cuts this week: union

Reuters Business News - Wed, 05/27/2020 - 03:47
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.
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Renault has no problems in relations with French state: chairman

Reuters Business News - Wed, 05/27/2020 - 03:20
Renault Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.
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Renault's Senard says it does not need to merge with Nissan

Reuters Business News - Wed, 05/27/2020 - 03:20
Renault Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan and Mitsubishi .
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H&M set to cancel furloughs for 2,500 at Stockholm headquarters

Reuters Business News - Wed, 05/27/2020 - 03:08
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.
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Dollar gains and yuan hits nine-month low as U.S.-China tensions return

Reuters Business News - Wed, 05/27/2020 - 02:51
The U.S. dollar edged higher on Wednesday and China's yuan hit a near nine-month low as worries about the U.S. response to China's proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets.
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Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers

Reuters Business News - Wed, 05/27/2020 - 02:22
U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections.
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Renault, Nissan aim to cut costs with production shake-up

Reuters Business News - Wed, 05/27/2020 - 02:21
Renault, Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday that they aimed to produce nearly half of their car output under a new alliance scheme dividing up their production by 2025.
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Asian shares defy global rally as Hong Kong unrest rattles investors

Reuters Business News - Wed, 05/27/2020 - 01:44
Fresh political unrest in Hong Kong over Beijing's proposed national security laws in the city hit Asian share markets on Wednesday, even as optimism about the re-opening of the world economy supported a broader global stock rally.
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Oil falls on demand concerns, tensions over Hong Kong

Reuters Business News - Wed, 05/27/2020 - 01:40
Oil prices fell on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
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Oil eases on demand concerns, tensions over Hong Kong

Reuters Business News - Wed, 05/27/2020 - 01:24
Oil prices dipped on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
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South Africa's SAA aims to resume domestic flights from mid-June

Reuters Business News - Wed, 05/27/2020 - 01:20
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at curbing the spread of the coronavirus ease, spokesman Tlali Tlali said on Tuesday.
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Dollar gains, yuan takes hit as Hong Kong simmers

Reuters Business News - Wed, 05/27/2020 - 01:10
The dollar edged higher on Wednesday as worries about the U.S. response to China's proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback.
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Tesla to cut car prices in North America, China

Reuters Business News - Wed, 05/27/2020 - 00:58
Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
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Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Reuters Business News - Wed, 05/27/2020 - 00:56
Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.
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Mexico's auto industry restart gathers steam as lockdown eases

Reuters Business News - Tue, 05/26/2020 - 23:01
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of some companies.
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Tesla to cut prices for some models in North America, China

Reuters Business News - Tue, 05/26/2020 - 22:52
U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, California, factory after the easing of coronavirus lockdowns.
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Dollar gains, yuan slumps on rising Hong Kong tensions

Reuters Business News - Tue, 05/26/2020 - 22:45
The dollar edged higher on Wednesday as worries about the U.S. response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback.
Categories: Reuters
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