Factbox: German stimulus to drive forward green vehicles
Germany’s coronavirus recovery stimulus package contains measures to boost low emission cars and electric vehicle charging infrastructure.
Virgin Atlantic says to restart some flights on July 20
Virgin Atlantic said on Thursday it would restart some flights that have been grounded by the COVID-19 pandemic on July 20 and aimed to restore further services in August.
Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel – sources
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy.
Futures slip ahead of jobless data
U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.
Germany finally splurges, but not without fresh criticism
Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin’s rediscovered love to splurge is causing fresh unease among its neighbours.
HSBC, StanChart criticised for backing Hong Kong security law
Senior British and U.S. politicians criticised HSBC and Standard Chartered on Thursday after the banks backed China’s national security law for Hong Kong, in conflict with the British government’s opposition to the proposed legislation.
Tata Steel workers at Dutch plant vote to strike
Employees at Tata Steel’s Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant’s further integration with Tata’s British operations, labour union FNV said.
Exclusive: GM plans electric van for business users in bid to pre-empt Tesla
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the …
British Airways boss says burning through cash, urges unions to engage
The boss of British Airways said its parent company IAG was burning through 178 million pounds ($223 million) a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts.
U.S. court blocks sales of Bayer’s weed killer
German group Bayer AG has been blocked from selling its dicamba-based weed killer in the United States, the latest setback for a business that is already fighting an expensive legal battle over another of its products.
