Lufthansa seeking 9 billion euro bailout
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report.
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report.
U.S. stocks jumped on Thursday as investors were encouraged by PayPal's outlook and an unexpected rise in Chinese exports, which raised hopes of an economic recovery.
British clothes retailer Next will open five standalone beauty halls in former Debenhams stores across the country as a first step in its ambition to become a new force in beauty retailing, the company said on Thursday.
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The runaway success of Nintendo Co Ltd's island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console - it lacks upcoming titles.
Harley-Davidson Inc on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
The chief executive of British Airways-owner IAG Willie Walsh said on Thursday that his personal was that the airline group should continue to have a presence at London's Gatwick Airport.
Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday.
British clothing retailer Next said on Thursday it plans to open its first standalone beauty shops by taking space in five former Debenhams stores, seeking to diversify its offer into faster growing markets.
H&M , the world's second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as the COVID-19 pandemic and lockdowns kept most of its stores closed.
PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.
The last few weeks have seen many unusual flows into exchange-traded funds that offer an insight into the market recovery.
Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.
World shares climbed on Thursday after Chinese exports proved far stronger than even bulls had imagined, while bond investors were still daunted by the staggering amount of U.S. debt set to be sold and a tussle over ECB bond buying.