Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro (US$6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday.
Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid the coronavirus pandemic, a tax official said on Friday.
The Belgian government said on Friday it had told Lufthansa it could only invest in its Belgian subsidiary Brussels Airlines if certain conditions were met, according to a joint statement with Lufthansa.
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces.
China is ready to put U.S. companies in an "unreliable entity list," as part of countermeasures against Washington's move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.
The United Kingdom told the European Union on Friday that it had to give ground or there would be no Brexit free trade deal by the end of the year, saying there had been very little progress in talks.
WASHINGTON: US retail sales plunged by 16.4 per cent in April as the coronavirus pandemic forced businesses shut across the world's largest economy, the Commerce Department said on Friday (May 15). The drop was much worse than expected and saw massive contractions in an array of retailers ...
Ethiopian Airlines expects a settlement with planemaker Boeing over the 737 MAX plane crash in March last year by end of June, CEO Tewolde Gebremariam told Reuters on Friday.
U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
