Ryanair’s Lauda airline to close Vienna base, 300 jobs to go
Ryanair’s Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.
Amazon to hire 50,000 temp workers in India as lockdown boosts demand
Amazon.com Inc’s India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.
Tensions over Hong Kong unnerve world stocks, oil tumbles
World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year’s pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.
Oil drops over 5% on China-U.S. tensions, demand doubts
Oil fell 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.
Renault could disappear and must adapt: French finance minister
Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on Friday, while adding the carmaker also needed to adapt to the situation.
Banks pursue Luckin Coffee chairman’s assets after loan default
The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.
Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint
Global shares tumbled on Friday as Hong Kong’s political unrest returned as a flashpoint in fast-deteriorating U.S.-China relations, following Beijing’s moves to impose a new security law on the city.
Oil prices drop as China-U.S. tensions grow, Beijing fails to set economic growth target
Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic will overshadow fuel demand in the world’s second-largest oil user.
Vodafone names Heineken’s Van Boxmeer as new chairman
Vodafone , the world’s second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.
Renault could disappear and needs to be able to adapt: Le Maire
France’s Finance Minister Bruno Le Maire said on Friday that Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, while adding that Renault also needed to adapt to the situation.
