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Highlights: May 25, 2020 - May 29, 2020

Christian Fernsby ▼ | June 1, 2020
The most interesting stories that marked last week.
What happened last week
What happened last week  
CEO buys New Zealand Stuff Limited for one dollar

New Zealand Stuff LimitedNew Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday....

French crisis measures cost 450 billion euros

Bruno Le MaireFrench government measures to prop up the economy through the coronavirus crisis have cost 450 billion euros, the equivalent of 20% of GDP, the finance minister said on Monday....

LATAM Airlines files for Chapter 11 bankruptcy

LATAM AirlinesLATAM Airlines says it and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the United States....

Boeing to cut 6,770 U.S. jobs

Dave CalhounBoeing President and CEO Dave Calhoun issued a letter to employees today providing an update on workforce actions....

Lufthansa refuses to approve $9.9 billion bailout over EU conditions

Lufthansa A380The Supervisory Board of Deutsche Lufthansa discussed the acceptance of the stabilization package offered by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, including the necessary convocation of a General Meeting. ...

British Land sees losses soar to over 1bn pounds

British LandBritish Land recorded an 800 million pounds increase in losses last year after the coronavirus forced many offices and retailers to close their doors....

Coronavirus crisis is causing biggest fall in energy investment in history

International Energy AgencyThe coronavirus pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency the International Energy Agency said in a new report released....

Toyota sales plummet 45.3%

Toyota carsThe number of vehicles sold by Toyota Motor Co. dropped 45.3 percent year-on-year in April to 472,703 units due to reduced economic activity during the coronavirus pandemic, the Japanese carmaker said on Thursday....

Volkswagen invests 1 billion euros into Chinese business

Volkswagen ChineseVolkswagen has initiated the next chapter for its business in China....

Nordstrom Q1 net sales decreased 40 percent

NordstromNordstrom reported first quarter results....


 

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