Markets

The French government will insist on preserving Renault production plants in France and wants it to remain the carmaker's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday.

Alphabet Inc's Google Cloud said on Wednesday it has secured a deal with the United States Department of Defense to help detect and respond to cyber threats.

LONDON: OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market. The Organization of the Petroleum Exporting Countries,Russia and other allies, a ......

A German court said on Wednesday it was ending proceedings against the chairman and chief executive of Volkswagen AG after the carmaker agreed to pay a fine of 9 million euros (US$9.9 million) over the diesel emissions scandal.

Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift recovery from the coronavirus crisis and the fact its CEO has committed to a pay cut for just one year.

Domestic air travel will resume in India on May 25 after a two-month shutdown imposed to stop the spread of coronavirus, the aviation minister said Wednesday, a further easing of lockdown restrictions.

U.S. authorities on Wednesday arrested a former special forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.

Shares in Luckin Coffee Inc slumped almost 40per cent to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq .

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35per cent of its workforce, as it navigates a strict coronavirus lockdown that has halted 95per cent of its business, company chief Bhavish Aggarwal told employees on Wednesday.

JetBlue Airways Corp said on Wednesday it will continue blocking seats on its aircraft through at least July 6, while United Airlines Holdings Inc said it had teamed up with Clorox Co and Cleveland Clinic medical experts to advise on new cleaning and safety protocols.