Thyssenkrupp overhaul must happen faster due to COVID-19: CEO
Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate, its chief executive said in a note to staff.
Exclusive: Saudi Aramco seeking to review price of SABIC deal – sources
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s value following a slump in oil prices in coronavirus pandemic, two sources told Reuters.
Washington in talks with chipmakers about building U.S. factories: WSJ
U.S. President Donald Trump’s administration is in talks with semiconductor companies about building chip factories in the United States, the Wall Street Journal reported on Sunday.
French, Dutch join forces to urge EU to show teeth on trade
France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.
Emirates to raise debt as it braces for most difficult months ever
Emirates, one of the world’s biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history.
Emirates to raise debt as it doesn’t see travel recovering for at least 18 months
Emirates, one of the world’s biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning that a recovery in travel demand was at least 18 months away.
China central bank signals more policy measures to support virus-ravaged economy
China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.
Tesla sues California county in virus factory closure fight, threatens to leave
Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.
Major U.S. airlines endorse temperature checks for passengers
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic.
Amid lockdown dispute, Musk says he will move Tesla out of California
Tesla Inc’s chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.
