Coronavirus halts Lufthansa’s sale of international catering ops
German carrier Lufthansa has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, the company said on Thursday, confirming an earlier Reuters report.
OAG says United, Delta, Lufthansa to bear brunt of U.S. travel curbs
U.S. travel restrictions on passengers arriving from Europe’s border-free Schengen area will affect passengers arriving on 6,747 flights over the next four weeks or 11% of all international flights, flight data provider OAG said.
Volkswagen plans to tap electric car batteries to compete with power firms
Volkswagen’s expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday.
Volkswagen hopes new software will banish accidents by 2050
Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday.
World stocks plunge into bear market after U.S. travel restrictions, ECB moves
Global stocks plunged into a bear market and oil slumped further on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves overnight to restrict travel from Europe over the spread of the coronaviru…
Airline crisis worsens as U.S. puts Europeans in coronavirus quarantine
Airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of continental Europe deepened the sector’s misery and piled more pressure on governments to offer emergency support.
Exclusive: Sinclair Oil weighs offers for company sale: sources
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter.
Coronavirus halts Lufthansa’s sale of international catering operations: sources
German carrier Lufthansa has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, two people close to the matter said.
NYSE president says no plan to close trading floor now
The New York Stock Exchange does not currently plan to close its trading floor and the markets are functioning as expected, even as concerns over the coronavirus cause sharp spikes in volatility, NYSE President Stacey Cunningham said on Thursday.
Oil falls 6% after Trump surprises with travel curbs
Oil prices fell more than 6% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemi…
