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.

Other

NOAA satellites helped rescue 340 people in 2018

The pilot of the rowboat Alba had a noble goal – to raise awareness and funds for the Scottish Association for Mental Health. And he was going to row 3,400 nautical miles, from Norfolk, Va., to his home in Scotland, to ...

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

EasyJet grounds 'entire fleet' over coronavirus

British airline easyJet on Monday said it had grounded its entire fleet because of the coronavirus pandemic but would still be available for rescue flights to repatriate stranded customers.

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.

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.

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