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 pand...

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 ...

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 spok...

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,...

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. ...

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 credi...

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...

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. ...

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 ...

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

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 K...