British financier Staveley’s $2 billion Barclays lawsuit hits High Court
British buinesswoman Amanda Staveley’s private equity firm told London’s High Court on Monday it had received a “substantially worse” deal than Qatar when its syndicate invested billions of pounds in Barclays during the financial crisis in 2008.
Exclusive: Volkswagen supervisory board to discuss VW brand leadership – sources
Volkswagen Chief Executive Herbert Diess may lose responsibility for managing the company’s core VW brand at an extraordinary supervisory board meeting due to be held on Monday, sources familiar with the matter told Reuters.
Wall Street set to rise on swift economic rebound hopes
The S&P 500 and the Dow Jones indexes were set to rise on Monday, building on last week’s sharp gains after a surprise rebound in jobs strengthened views that the U.S. economy has weathered the worst of the economic fallout from the COVID-19 pandemic.
Austria strikes €450 million bailout deal for Lufthansa unit: sources
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday.
Austria’s Kurz to hold news conference on Austrian Airlines at 1500 GMT
Austrian Chancellor Sebastian Kurz, Vice Chancellor Werner Kogler and Finance Minister Gernot Bluemel will hold a news conference on Lufthansa unit Austrian Airlines at 5 p.m. (1500 GMT), the government said in a statement on Monday.
Exclusive: Fiat, PSA merger hits EU roadblock, may need concessions – sources
Fiat Chrysler’s planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies’ market share in small vans, indicating concessions may be required, sources said.
Exclusive: Oil major BP to cut 15% of workforce
BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday.
Gilead shares rise 5% on report of AstraZeneca’s interest in megamerger
Shares of U.S. drugmaker Gilead Sciences Inc rose over 5% in premarket trading on Monday after a report it had been approached by Britain’s AstraZeneca for a possible merger to form one of the world’s largest drug companies.
Ryanair boss sees UK quarantine dropped or quashed by end-June
Ryanair believes Britain’s courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the end of June, boss Michael O’Leary told Reuters on Monday.
EU antitrust regulators reinforce case against Teva pay-for-delay deals
EU antitrust enforcers, boosted by recent court victories, on Monday reinforced their case against Israeli drugmaker Teva over its deal with rival Cephalon to delay selling a generic version of its sleep disorder drug modafinil.
