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Exclusive: Coronavirus spreads in Brazil's oilfields, as six offshore operators register cases
Norway's Equinor ASA , Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
Categories: Reuters
Apple to reopen about 100 stores in U.S., most with curbside pickup
Apple Inc said on Tuesday that it plans to reopen about 100 stores in the United States, most with curbside pickup but some with walk-in service.
Categories: Reuters
Austrian Airlines, government agree financing package: Kurier
Austria's government and Lufthansa-owned carrier Austrian Airlines on Tuesday reached agreement on loans for the airline and to keep Vienna airport as a long-haul hub, a major step forward in the rescue negotiations, daily Kurier said.
Categories: Reuters
French restaurant ruling puts coronavirus claims on global menu
AXA will meet the bulk of business interruption claims from some restaurant owners in France, it said on Tuesday, after losing a court case seen as a potential precedent for coronavirus-related disputes across the world.
Categories: Reuters
Ryanair challenges Lufthansa's bailout package
Low-cost carrier Ryanair challenged Germany's 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
Categories: Reuters
BMW to begin gradual restart in San Luis Potosi, Mexico on May 27
German carmaker BMW said on Tuesday it would begin a gradual restart of operations at its plant in the central Mexican state of San Luis Potosi on Wednesday, May 27.
Categories: Reuters
LATAM airline shares plunge 51% following bankruptcy announcement
Shares in LATAM Airlines Group SA plunged 51% on Santiago´s stock exchange after the region´s top carrier filed for U.S. bankruptcy protection on Tuesday.
Categories: Reuters
Hertz awards over $16 million in retention bonus to key executives
U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after the company filed for bankruptcy protection.
Categories: Reuters
S&P 500 tops 3,000 on hopes of economic recovery, COVID-19 vaccine
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Categories: Reuters
Global airlines body raises alarm over bailout debts
Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday.
Categories: Reuters
Oil prices gain as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
Categories: Reuters
U.S. passenger railroad service Amtrak says needs new $1.5 billion bailout
U.S. passenger railroad service Amtrak told Congress in a letter made public Tuesday it needs a further $1.475 billion bailout or it will be forced to make sweeping service cuts and suspend some routes.
Categories: Reuters
Pandemic forces virtual safety checks for oil tankers
Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage.
Categories: Reuters
S&P 500 tops 3,000 points on hopes of economic recovery, COVID-19 vaccine
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Categories: Reuters
U.S. consumer confidence stabilizes as economy reopens
U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to reopen, but it would probably take a while to dig out of the hole amid record unemployment.
Categories: Reuters
UK's John Lewis plans 'phased' re-opening of department stores
British retailer John Lewis Partnership said on Tuesday it will re-open its department stores on a "phased basis" after the government said non-essential retail could re-open from June 15.
Categories: Reuters
Nissan and Renault shelve merger plans to repair their alliance: sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Categories: Reuters
Factbox: Airlines crumble around the globe amid coronavirus pandemic
The coronavirus crisis, which has virtually grounded global air traffic since March, has pushed several struggling airlines over the edge.
Categories: Reuters
Swiss trial begins of banker alleged to have ignored 1MDB warnings
A banker went on trial in Switzerland on Tuesday charged with failing to sound the alarm over millions of dollars linked to scandal-tainted Malaysian sovereign wealth fund 1MDB.
Categories: Reuters
U.S. passenger railroad Amtrak says it needs new $1.5 billion bailout
U.S. passenger railroad Amtrak told Congress in a letter made public Tuesday it needs another $1.475 billion bailout or it will be forced to make sweeping service cuts and likely suspend some routes.
Categories: Reuters