Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
Factbox: British business loan scheme strained by coronavirus
Britain’s Finance Minister Rishi Sunak on Friday announced updates to a scheme designed to get banks to help businesses hit by the coronavirus.
Crisis haunts British banks in coronavirus relief effort
With the future of many coronavirus hit firms in their hands, British banks, still scarred by the financial crisis, are worried that they are being asked by a desperate government to make loans that will never be repaid.
Exclusive: Spain’s coronavirus crisis stalls global fashion giant Inditex
Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.
Stocks fall as business signals hit from pandemic, oil grinds higher
Global stock markets sank on Friday, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a cut to global supply.
Google data shines light on whether coronavirus lockdowns worldwide are working
Alphabet Inc’s Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gras and St. Patrick’s Day.
Factbox: Google location data shows slump in trips to malls, offices
Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19.
Ford says Europe manufacturing ops to remain suspended at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites to May 4.
Excluisve: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
Business booms for coffin-makers in coronavirus-hit France
Two hauliers load their lorries with what is fast becoming a precious commodity in France as the coronavirus pandemic takes its dreadful toll – coffins.
