EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote brought over the airline's plan to buy new Airbus planes.
Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.
Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.
From easier credit card payment terms to personal loans, there's a host of financial relief many unemployed Americans may not be accessing.
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.
The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.
Oil fell 5% on Friday to around $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.
Plaid blog | Niko Karvounis & Jesse Dhillon | May 20, 2020 The financial ecosystem is undergoing an unprecedented digital transformation due to new realities brought on by COVID-19. Consumers and businesses have turned to fintech to manage their finances in record numbers. Digital transformation that was expected to take years is now predicted to
U.S. stocks opened flat on Friday as investors pitted hopes of more stimulus to revive an ailing economy against deteriorating U.S.-China relations over Beijing's move to impose a national-security law in Hong Kong.
(This May 19 story officially corrects paragraph 3 to say net loss of "$3.52" per share and not "$3.50" after company adjusts the number while preparing its quarterly filing.)
Veteran owners of small businesses say they are using their military skills to steer their organizations through the coronavirus pandemic. They offer important leadership lessons for Main Street.
Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.
Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com , four sources with direct knowledge of the matter said.
With more than 38 million Americans out of work since the coronavirus pandemic began, the importance of a financial first-aid kit has never been more apparent.
As a startup, it’s important to keep your investors in the loop with regular updates. Here is what you should include in an effective investor update. Continue reading