France rejects Amazon’s request for unemployment schemes at six sites
The French government has rejected a request by Amazon to tap a state partial unemployment scheme for employees at its six warehouses in the country, a spokeswoman for the labor ministry said on Monday.
Wall St returns to losses as Buffett dumps airlines, China tensions flare
U.S. stocks were set to fall on Monday as a U.S.-Chinese spat about the origins of the coronavirus outbreak worsened while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.
U.S. airline shares tumble as Buffett stake riddance fuels investor worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett’s Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
VW’s Skoda operating profit drops 25% in first-quarter, expects biggest hit in first-quarter
Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25% in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday.
Norwegian Air gets $1 billion rescue after financial cliffhanger
Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners.
Coronavirus puts brakes on sports car maker Ferrari
Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly hit second quarter results.
Oil falls on renewed U.S.-China tensions, global glut
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.
Factbox: Connecting Britons: Major telecom players in the UK
Telefonica is in talks with billionaire John Malone’s Liberty Global to explore a merger of its British mobile operator O2 with Liberty’s Virgin Media cable network company, the Spanish company said on Monday.
Futures hit by U.S.-China tension; airlines tumble as Berkshire pulls away
U.S. stock index futures retreated on Monday after a fresh spat between Washington and Beijing over the origin of the novel coronavirus, while airlines slumped as Berkshire Hathaway dumped its holdings in the sector.
‘Like watching a train wreck’: The coronavirus effect on North Dakota shale oilfields
Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices collapsed to minus $37 a barrel. Sitting six feet apart because of the coronavirus, they knew the p…
