Preliminary agreement reached in Lufthansa bailout row: source
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa , two people familiar with the matter said.
Stocks rebound on relief at Trump’s response to China over Hong Kong
A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
U.N. agency task force urges uniform approach to flying during coronavirus
A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit indus…
Wall Street ends mostly up; Trump comments on China but takes no action on trade
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Trump administration to study ways to protect for U.S. investors from Chinese firms
The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the severe financial impact of the coronavirus crisis on its business.
U.S. senators urge probe of TikTok on children’s privacy
Four U.S. senators, including a China hawk, urged the Federal Trade Commission on Friday to investigate allegations that the popular video app TikTok violated a consent decree protecting children’s privacy.
S&P 500 ends up in choppy action after Trump comments on China
The S&P ended a choppy session higher on Friday after President Donald Trump made comments on China that were less worrisome for the U.S. economy than investors apparently had feared.
Oil surges 5% on U.S.-China trade optimism, falling crude output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Stocks pare losses after Trump’s Hong Kong response
Global stocks fell while bonds and the euro climbed on Friday as investors turned cautious over China’s national security law on Hong Kong, but U.S. stocks pared earlier losses after President Trump did not announce any new retaliatory tariffs.
