Automakers can face dieselgate suits where cars bought: EU court adviser
EU consumers should be able to sue carmakers in their national courts if they have bought cars with emission cheat devices installed, an adviser to the Court of Justice of the European Union said on Thursday.
Futures rise after selloff, weekly jobless number awaited
U.S. stock index futures climbed on Thursday, a day after Wall Street recorded its steepest fall in two weeks on intensifying coronavirus fears, with investors on edge ahead of another expected jump in weekly jobless claims.
H&M in talks with tens of thousands of staff to cut working hours due to pandemic
Sweden’s H&M said on Thursday it was in talks with tens of thousands of its staff about shortening working hours with the firm among many retailers hit by the coronavirus pandemic and fewer customers in many markets.
German carmakers had crisis call with Merkel: Handelsblatt
The bosses of Volkswagen , BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany’s Handelsblatt newspaper reported on Thursday.
British Airways in union talks to suspend around 32,000 staff: source
British Airways is in talks with its union about a plan to suspend around 32,000 staff, a person familiar with the situation said, marking one of the industry’s most dramatic moves yet to survive the coronavirus pandemic.
Pigs fly in as China replenishes world’s biggest hog herd
Six planes carrying more than 4,000 high-quality French breeding pigs have arrived in China so far this year, the first of an expected dozens of plane-loads as the world’s top pork producer rebuilds its decimated hog herd.
World stocks drift as wary investors expect grim U.S. jobs data
World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States.
Dollar maintains gains after weeks of rallying
The dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve helped U.S. currency liquidity in financial markets by making it easier for other central banks to access the greenback.
Bayer says glyphosate settlement talks delayed by coronavirus-Handelsblatt
Talks between Bayer AG and plaintiff lawyers to settle claims that the German company’s glyphosate-based weedkillers cause cancer have been slowed by the coronavirus pandemic, Bayer’s Chief Executive told daily Handelsblatt.
WeWork troubles deepen as SoftBank pulls $3 billion tender offer
SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
