The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Japan shares scale 10-week peak, S&P 500 up sharply

SYDNEY (Reuters) – Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors brushed past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Japan’s Nikkei .N225 took the lead with a rise of 1.7% to its highest since early March when the economic impact of the coronavirus was […]

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Germany Approves EUR 9 Bln Rescue Package For Lufthansa

The German government has approved a 9 billion euros rescue package for Deutsche Lufthansa AG (DLAKF,DLAKY), which is the largest German corporate rescue package since the coronavirus crisis struck. The airline has also agreed to the rescue deal. The German government will take a 20% stake in the airline, which it plans to sell by the end of 2023. The […]

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Singapore Stimulus; Germany to Bail Out Lufthansa: Virus Update

Dominic Cummings, one of Boris Johnson’s closest allies, refused to quit his job in the U.K. government, refuting claims he flouted lockdown rules that he had helped to draft. Germany agreed on a 9 billion euro ($9.8 billion) bailout for virus-hit airline Lufthansa. Japan ended its state of emergency everywhere in the country and made reviving the economy its top […]

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Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

MEXICO CITY (Reuters) – Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid-May said the automotive industry could exit the coronavirus lockdown before June 1 if approved safety measures were in place. […]

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Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) – Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday. “The Executive Board also supports the package”, Lufthansa said, adding that the bailout still need consent from shareholders as well as the European Commission. The bailout comprises an equity injection by the […]

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French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) – French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. Renault has called for a meeting with unions on Thursday regarding its cost-saving plans, the representative said. “This is when the general […]

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Air Canada’s Bid for Transat Gets Extended EU Merger Probe

Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada. The European Commission set a Sept. 30 deadline to rule on the deal, citing concerns that the “transaction could significantly reduce competition on 33” routes, according […]

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Nitish Kumar’s biggest challenge at the moment

Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar’s […]

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This Beachfront Mansion Is Primed for a James Bond-Style Escape

When businessman and hotelier Raoul Malak bought a contemporary mansion in Metchosin, B.C., a town on the southern coast of Vancouver Island in 2012, the house was only six years old. Its prior owner had commissioned Simcic + Uhrich Architects to build the home, spending close to seven years and what Malak says was C$24 million ($17.2 million) building it from the ground up. When […]

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