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Lufthansa CEO promises Germans a 'homecoming guarantee'

Reuters Business News - Sun, 06/07/2020 - 09:04
Lufthansa will bring home any Germans it flies abroad on vacation, Chief Executive Carsten Spohr said in a newspaper interview, seeking to assuage holidaymakers' concerns that new coronavirus outbreaks could leave them stranded.
Categories: Reuters

BA, Ryanair, easyJet protest over 'wholly unjustified' UK quarantine plan

Reuters Business News - Sun, 06/07/2020 - 07:27
Three airlines have written to the British government in protest at its "wholly unjustified and disproportionate" quarantine rules for most international arrivals from Monday, a copy of the letter seen by Reuters showed.
Categories: Reuters

Emirates, Etihad extend temporary salary cuts to September

Reuters Business News - Sun, 06/07/2020 - 04:07
Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic.
Categories: Reuters

Emirates, Etihad extend temporary salary cuts to Sept

Reuters Business News - Sun, 06/07/2020 - 03:59
Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic.
Categories: Reuters

Rosneft says no change to dividend policy despite lower state stake

Reuters Business News - Sun, 06/07/2020 - 03:34
Russia's largest oil producer Rosneft said on Sunday it planned to maintain a dividend policy of paying out half of its net profit despite the state lowering its stake in the company to below 50%.
Categories: Reuters

AstraZeneca approaches Gilead about potential merger - Bloomberg News

Reuters Business News - Sun, 06/07/2020 - 03:22
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported https://bloom.bg/3h2GU9e on Sunday, citing people familiar with the matter.
Categories: Reuters

Exclusive: Malaysia - Even $3 billion not enough to settle 1MDB case with Goldman

Reuters Business News - Sat, 06/06/2020 - 20:38
Malaysia's new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
Categories: Reuters

HSBC warns it could face reprisals in China if UK bans Huawei equipment: Telegraph

Reuters Business News - Sat, 06/06/2020 - 17:17
HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.
Categories: Reuters

Facebook's Zuckerberg promises a review of content policies after backlash

Reuters Business News - Sat, 06/06/2020 - 16:10
Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.
Categories: Reuters

'Am I going to get shot?' kids ask, as brands try to explain racism and violence to children

Reuters Business News - Sat, 06/06/2020 - 12:23
For 8 minutes and 46 seconds - the time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."
Categories: Reuters

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

Reuters Business News - Sat, 06/06/2020 - 11:46
Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Categories: Reuters

Volkswagen considering more cost cuts to cope with downturn

Reuters Business News - Sat, 06/06/2020 - 11:40
Volkswagen <VOWG_p.DE > is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.
Categories: Reuters

OPEC and allies to agree one-month extension to output cuts

Reuters Business News - Sat, 06/06/2020 - 06:16
OPEC and its allies led by Russia are "most likely" to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said.
Categories: Reuters

Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources

Reuters Business News - Sat, 06/06/2020 - 03:33
Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday.
Categories: Reuters

Explainer: May's jobs report stunner: real deal or head fake?

Reuters Business News - Fri, 06/05/2020 - 18:59
The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.
Categories: Reuters

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

Reuters Business News - Fri, 06/05/2020 - 18:12
The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus.
Categories: Reuters

Trump administration orders Marriott to cease Cuba hotel business

Reuters Business News - Fri, 06/05/2020 - 18:07
The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.
Categories: Reuters

U.S. will allow Chinese passenger carriers two flights per week

Reuters Business News - Fri, 06/05/2020 - 17:11
The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the U.S. Transportation Department said on Friday.
Categories: Reuters

Exclusive: Marriott says Trump administration orders it to cease Cuba hotel business

Reuters Business News - Fri, 06/05/2020 - 17:02
The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.
Categories: Reuters

Bonds falter as blazing stock rally lures investors

Reuters Business News - Fri, 06/05/2020 - 16:55
Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is returning to broader markets.
Categories: Reuters
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