Branson says Virgin Atlantic will need UK government help to survive
Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline’s founder Richard Branson said on Monday.
Virgin Australia poised to enter voluntary administration: reports
Virgin Australia Holdings is poised to enter voluntary administration, local media reported on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because of its A$5 billion ($3.2 billion) of debt.
Shares turn cautious as U.S. crude gets crushed
Caution recaptured world markets on Monday as another drubbing for U.S. crude oil futures kicked off a week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.
Danske Bank board proposes no dividends be paid for 2019
Danske Bank’s board of director will propose that no dividends be paid for 2019, it said in a statement on Monday.
Primark commits to paying for 370 million pounds of orders during coronavirus crisis
Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic.
Volkswagen settles emissions class action with three-quarters of claimants
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmaker’s rigging of diesel emissions tests, the carmaker said on Monday.
Virgin Australia to enter voluntary administration: SMH newspaper
Virgin Australia Holdings is preparing to enter voluntary administration, the Sydney Morning Herald reported on Monday, citing unnamed sources, with the cash-strapped carrier unable to weather the coronavirus crisis because of its debt.
New Aston Martin boss says focus on SUV launch, restarting factories
Aston Martin’s immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker’s new boss, Formula 1 team owner Lawrence Stroll, said on Monday.
Burger chain Shake Shack to return $10 million government loan
Shake Shack Inc said it will return the small business loan it received from the U.S. government, making it the first major firm to hand back money provided to help businesses ride out the impact of the coronavirus lockdown.
New Aston Martin chief says focus on SUV launch, restart
Aston Martin’s immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, its new boss, Canadian businessman and Formula 1 team owner Lawrence Stroll, said on Monday.
