Empty hotel rooms offer quiet space to working parents

Empty hotel rooms offer quiet space to working parents

Who needs WeWork when you can work in a private room with a minibar? Hotels slammed by the coronavirus pandemic are turning to a different kind of guest: The cooped-up parent down the street. Big hotel chains — including Hilton, Sheraton and Marriott — are increasingly finding they can boost their quarantine business by catering … Read more

Japan shares reach 10-week high, look past Sino-U.S. tension

Japan shares reach 10-week high, look past Sino-U.S. tension

SYDNEY (Reuters) – Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy. FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus (COVID-19), walks past a screen showing … Read more

Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier

Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier

German Economy Minister Peter Altmaier briefs the media about the “rescue package” for German airline Lufthansa at the economy ministry in Berlin, Germany May 25, 2020. Markus Schreiber/Pool via REUTERS BERLIN (Reuters) – Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa (LHAG.DE), Economy Minister Peter Altmaier … Read more

UBS announces global financing team

UBS announces global financing team

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann NEW YORK (Reuters) – UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and … Read more

Volkswagen Mexico won’t talk of restart while state decree in place

Volkswagen Mexico won't talk of restart while state decree in place

FILE PHOTO: Workers walk outside the Volkswagen (VW) plant as the company will temporarily close its factories in Mexico amid growing worries over the spread of the coronavirus disease (COVID-19), in Puebla, Mexico, March 29, 2020. REUTERS/Imelda Medina MEXICO CITY (Reuters) – German automaker Volkswagen (VOWG_p.DE) said on Monday it had satisfied federal requirements to … Read more

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) … Read more

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. FILE PHOTO: Bernard Arnault, Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton SE, attends the company’s shareholders meeting … Read more

Canada’s banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

(Reuters) – Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them. FILE PHOTO: A man walks in front of buildings in the financial district in Toronto, January 28, 2013. REUTERS/Mark Blinch … Read more