Ryanair expects Europe travel surge despite masks, quarantine
Temperature checks, masks and quarantine will not deter people from a holiday in the sun after three months “locked up” at home, Ryanair’s chief executive Michael O’Leary said on Tuesday as he announced plans for 1,000 flights a day from July.
Morgan Stanley settles SEC charges it misled clients, to pay $5 mln penalty
A unit of Morgan Stanley will pay a $5 million penalty to settle U.S. Securities and Exchange Commission charges it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs, th…
EasyJet founder offers $6 million reward for help in cancelling Airbus order
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds ($6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline’s management.
Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
Planemaker Embraer said Tuesday that its commercial jet deliveries slumped by more than half during the first three months of 2020 compared to a year ago, blaming the drop on preparations for its failed deal with Boeing Co .
Brussels Airlines slashes jobs, fleet as COVID-19 bites
Brussels Airlines, part of Germany’s Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its survival during and after the COVID-19 pandemic.
German watchdog conducts multiple investigations into Wirecard
Germany’s financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard .
U.S. Congress to quiz bank regulators on coronavirus rule-easing, assistance
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week for the first time since the novel coronavirus o…
Futures edge higher on recovery hopes, China tariff exemptions
U.S. stock index futures ticked higher on Tuesday as China’s move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
China’s Tesla wannabes risk running out of road in virus-stricken times
Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.
AIG approaches shareholder pay vote with cautious approval from proxy firms
American International Group Inc faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay.
