The German Lufthansa recorded a net loss of EUR 1.5 billion in the second quarter. Severe austerity measures could not compensate for the sharp fall in turnover. Due to the coronavirus, the airline had to ground almost all its passenger aircraft.
Just Eat Takeaway.com meal delivery service (JET) deal with Amrest improves its position against others logistical players such as Uber Eats and Deliveroo. This is the conclusion of ING’s analysts in a response to the agreement concluded by the two meal companies on Wednesday. With the deal, JET also shows the benefits of its large scale, says ING.
Google mother Alphabet has entered into an agreement with ADT to develop smart-home security products for $ 450 million. It thus acquired a 6.6% stake in ADT. The security company will incorporate Google’s hardware into its products.
A British MP was arrested on Saturday on a rape charge, reports The Sunday Times. The defendant is also a former minister.
It is as strange as it sounds: the largest oil company that is a very fundamental to the entire civilization superseded by company that makes nothing more than expensive toys.
By escalating issues of foreign meddling in the elections US got into own trap. Because America is heavily involved in foreign affairs and influences many government around the World the opposite is also true. Let’s take an Ukrainian issue. There is no doubt that US is involved in local politics. Now the local Ukrainian politics strikes back and meddle in the US politics as well. USDaily...
The results of Air France-KLM are roughly in line with expectations. Bernstein’s analysts find this in a reaction to the airline’s figures.
Volkswagen has suffered an operational loss of EUR 800 million from the coronacrisis in the first six months of the year. Both factories and showrooms in many important markets closed at that time. However, the German company, which includes brands such as Audi, Seat, Skoda, Bentley and Lamborghini, thinks it can be profitable throughout this year.