Lufthansa expects significantly larger loss in second quarter
Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday.
Stock futures buoyed by optimism over economic revival
U.S. stock index futures climbed on Wednesday, with Nasdaq futures inching closer to a record high as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest.
Oil tops $40 on OPEC cuts and demand recovery
Oil climbed above $40 a barrel for the first time since March on Wednesday, supported by signs of recovery in coronavirus-hit demand, lower U.S. inventories and expectations that OPEC+ will keep oil output cuts in place.
Iberdrola to invest up to 4 billion euros in French renewable energy
Spanish utility Iberdrola said on Wednesday it will invest up to 4 billion euros ($4.5 billion) over the next four years in France to develop renewable energy.
Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC
Nissan’s car manufacturing plant in Sunderland, northern England, which employs 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it said on Wednesday.
Global shares hit three-month highs on economic recovery hopes
World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls.
Exclusive: Huawei hid business operation in Iran after Reuters reported links to CFO
China’s Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant’s chief financial office…
Oil tops $40 for 1st time since March on OPEC cuts, demand recovery
Oil rose on Wednesday, topping $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs of demand recovery from the coronavirus crisis.
Global shares hit 3-month highs on economic recovery hopes
World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls.
Lufthansa vows extensive revamp as losses balloon
Lufthansa has pledged a wide-ranging restructuring, from thousands of job cuts to asset sales, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the face of the coronavirus pandemic.
