European carmakers restart production as coronavirus lockdowns ease
Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown rules to resume manufacturing.
U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to 16% or higher this month and require more stimulus to ensure a strong rebound, a White House e…
German government divided over form of Lufthansa rescue deal
Germany’s ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company aims to finalise next week, politicians said on Sunday.
White House aims to zero in on further stimulus to help battered economy
White House advisers hope to come up with several options to present to President Donald Trump for “big thoughtful policies” to help rebuild confidence in an economy battered by the coronavirus pandemic, a Trump economic adviser said on Sunday.
Daimler says China business picks up again: report
Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday.
When oil became waste: a week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a …
Virgin Atlantic says still talking with UK government on coronavirus funds
Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters.
Tesla is calling some workers back to California factory: Bloomberg News
Tesla Inc is calling some workers back to its San Francisco Bay Area vehicle-assembly plant next week, Bloomberg News reported on Saturday.
Special Report: Countries, companies risk billions in race for coronavirus vaccine
By Julie Steenhuysen, Peter Eisler, Allison Martell and Stephanie Nebehay
U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury
The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the total provided to the airline sector hit hard by the coronavirus pandemi…
