Negotiations on a government bailout for coronavirus-stricken airline Lufthansa are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.
Chancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa of valuable take-off and landing slots at Frankfurt and Munich airports, Handelsblatt reported.
(Bloomberg Opinion) — HBO Max launches in just two days, and it has the potential to be one of the best streaming-TV apps out there. The only problem is, consumers don’t seem to have a clue what’s on it. In a poll earlier this month conducted by Morning Consult and the Hollywood Reporter, some 2,000 U.S. adults were asked to choose from a list of TV shows and movie titles which ones they think will be available on HBO Max, a new Netflix-like service being introduced by AT&T Inc.’s WarnerMedia division. The results should worry company executives:As the chart shows, …read more […]
Barrick’s Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments since the lifting of a government ban imposed during a tax dispute with the mining company. The dispute originally involved Acacia Mining, which was taken over by Barrick last year. The Tanzanian government imposed a ban on exporting mineral concentrates in 2017 after accusing Acacia of tax evasion. …read more […]
As countries take extreme measures keep the economy afloat, could we see negative interest rates? …read more […]
Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, a source close to the matter said. The agreement is still pending approval by the German coronavirus rescue fund’s steering committee, which is expected to meet on Monday, as well as Lufthansa’s boards and the EU commission. The German government declined to comment. …read more […]
Nissan Motor would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
A ruling in a German court could have implications for other VW motorists seeking compensation. …read more […]
We’ve got something worth remembering today.
You see, an old friend of ours owns one of the county’s largest farms. To get to his home, we turn off a sleepy country road and bump our way down a long gravel driveway. It rattles our teeth and keeps unwanted folks from knocking on the old farmer’s door.
Just before his house comes into view beyond a grassy hill, there lies an old cemetery.
It’s the kind of place you’d bury your kin if you’re in a hurry to get the corn out of the field. The small, humble plot of land seems quite pleased …read more […]
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, a source close to the matter said.
May.25 — Saxo Capital Markets Australia Market Strategist Eleanor Creagh believes markets have run ahead of reality in pricing a speedy recovery. She speaks with Bloomberg’s Haslinda Amin and Yvonne Man on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Europe’s leaders may be united on the need to throw money at economies during the coronavirus crisis, but they have yet to confront how to pay for it all.That reckoning could force governments across the region into tough choices about where to lay the burden among voters already disillusioned with political establishments — a decade after the global financial crisis presented them with previous bills to settle.Europe’s austerity experiments since then, from Greece to the U.K., provide cautionary tales of either the economic damage or electoral fatigue that spending cuts can cause. With those bitter experiences in mind, …read more […]
Nissan Motor has not confirmed whether it plans to close its plant in Barcelona, a senior Spanish industry ministry official said on Monday.
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