Business

Google to buy $4.5 bn stake in digital unit of India's Reliance

Google will buy a $4.5 billion stake in Reliance's digital unit and jointly develop an entry-level smartphone with the Indian conglomerate, the two companies said Wednesday as global tech giants race to grab a share of the ...

Business

Air France, Hop! to shed 7,580 jobs: management

Air France management said Friday it planned to eliminate 7,580 jobs at the airline and its regional unit Hop! by the end of 2022 because of the coronavirus crisis.

UK car sector warns one in six jobs in virus danger

Britain's car sector could lose one in six jobs or about 25,000 posts due to economic fallout from coronavirus, industry body the Society of Motor Manufacturers and Traders warned Tuesday.

Business

German government moves to rescue Lufthansa bailout

The German government leapt into action Monday to rescue a proposed nine-billion-euro ($10.1 billion) coronavirus bailout for Lufthansa that has run into resistance from a billionaire shareholder.

Virus impacts Renault Q1 sales

French automaker Renault reported Thursday a 19.2 percent plunge in the first quarter of the year amid a general market collapse caused by the novel coronavirus.

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