Business

SoftBank reaches deal with WeWork

Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.

Business

Norwegian Air returns to European skies

Low-cost airline Norwegian announced Wednesday it was reopening 76 European and domestic routes starting July 1, after months of keeping most of its fleet grounded due to the new coronavirus.

Business

Germany's Lufthansa inches closer to state bailout

Coronavirus-hit Lufthansa inched closer to securing a nine-billion-euro bailout from the German government after the airline's supervisory board approved the rescue plan on Monday.

Business

Norwegian enters 'hibernation' to ride out virus crisis

Norwegian Air Shuttle said on Thursday it was now in "hibernation", hoping to ride out the devastation inflicted on aviation by the coronavirus pandemic which pushed the low-cost carrier deeper into loss.

Business

China becomes large shareholder in Norwegian Air Shuttle

Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.

Automotive

France to subsidise clean car purchases to save automakers

France is preparing a package of measures to shore up automakers stung by the coronavirus crisis, including subsidies to encourage purchases of electric vehicles, Finance Minister Bruno Le Maire said Monday.

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