Japan’s first-quarter GDP shrinks less than initial estimate but still faces steep recession
Japan’s economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Singapore Airlines secures $1 billion additional credit after rights issue
Singapore Airlines Ltd said on Monday that it had secured about $1 billion in credit facilities, in addition to the S$8.8 billion ($6.32 billion) it recently raised from a rights issue, to help it weather the COVID-19 pandemic.
Samsung heir appears in court, awaits decision on whether he’ll be jailed again
Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate….
Japan’s economy minister keeps focus on crisis-response, warns against deepening negative rates
Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative t…
Samsung heir appears in court for arrest warrant hearing
Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea’s top conglomerate.
World shares advance on surprise U.S. job recovery
U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Court to decide whether to jail embattled Samsung heir again
A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate.
AstraZeneca contacted Gilead over potential megamerger: Bloomberg News
Britain’s AstraZeneca has approached U.S. rival Gilead Sciences about a possible merger to form one the world’s largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.
Lufthansa CEO promises Germans a ‘homecoming guarantee’
Lufthansa will bring home any Germans it flies abroad on vacation, Chief Executive Carsten Spohr said in a newspaper interview, seeking to assuage holidaymakers’ concerns that new coronavirus outbreaks could leave them stranded.
BA, Ryanair, easyJet protest over ‘wholly unjustified’ UK quarantine plan
Three airlines have written to the British government in protest at its “wholly unjustified and disproportionate” quarantine rules for most international arrivals from Monday, a copy of the letter seen by Reuters showed.
