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Japan eyes fresh stimulus plan worth over $929 billion to battle pandemic: Nikkei

Reuters Business News - Sun, 05/24/2020 - 18:00
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.
Categories: Reuters

Japan eyeing second extra budget worth over $929 billion: Nikkei

Reuters Business News - Sun, 05/24/2020 - 16:47
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.
Categories: Reuters

Lufthansa to resume flights to 20 destinations from mid-June

Reuters Business News - Sun, 05/24/2020 - 13:22
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

Reuters Business News - Sun, 05/24/2020 - 12:43
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.
Categories: Reuters

Most publicly listed companies keep U.S. small-business aid loans

Reuters Business News - Sun, 05/24/2020 - 09:55
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.
Categories: Reuters

Air France must slash domestic traffic in exchange for state guarantees -minister

Reuters Business News - Sun, 05/24/2020 - 06:41
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.
Categories: Reuters

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

Reuters Business News - Sat, 05/23/2020 - 14:33
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.
Categories: Reuters

Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News

Reuters Business News - Sat, 05/23/2020 - 09:54
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.
Categories: Reuters

Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up

Reuters Business News - Sat, 05/23/2020 - 08:03
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.
Categories: Reuters

Large employers push back on U.S. healthcare mergers during coronavirus crisis

Reuters Business News - Sat, 05/23/2020 - 06:54
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.
Categories: Reuters

Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt

Reuters Business News - Fri, 05/22/2020 - 22:03
Freight-forwarder Kuehne+Nagel may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview.
Categories: Reuters

Uber customer claims company won price-fixing suit because arbitrator was scared

Reuters Business News - Fri, 05/22/2020 - 21:03
An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared.
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U.S. agencies ask FCC to rescind Ligado spectrum decision

Reuters Business News - Fri, 05/22/2020 - 21:02
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).
Categories: Reuters

Business groups push Trump to keep skilled-worker visas amid pandemic

Reuters Business News - Fri, 05/22/2020 - 21:02
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
Categories: Reuters

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke

Reuters Business News - Fri, 05/22/2020 - 21:01
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China's military.
Categories: Reuters

All 50 U.S. states shed jobs in April: Labor Department

Reuters Business News - Fri, 05/22/2020 - 21:01
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
Categories: Reuters

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

Reuters Business News - Fri, 05/22/2020 - 21:00
U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.
Categories: Reuters

Automaker trade backs U.S. on effort to weaken fuel efficiency rules

Reuters Business News - Fri, 05/22/2020 - 21:00
A group representing many major automakers on Friday backed the Trump administration's decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
Categories: Reuters

U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports

Reuters Business News - Fri, 05/22/2020 - 19:38
The U.S. Transportation Department said late on Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
Categories: Reuters

Wall Street ends mixed as China-U.S. tensions weigh

Reuters Business News - Fri, 05/22/2020 - 19:28
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
Categories: Reuters
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