Mexican airline Aeromexico, which is in the process of analyzing its options for restructuring its short- and medium-term financial commitments, was thrown a $50 million financial lifeline on Monday by investment holding company Aimia Inc.
Ryanair's British pilot union is to announce on Wednesday whether its members have backed an agreement brokered with management to mitigate the loss of 334 pilot jobs by agreeing to series of measures including a 20% pay cut, the union said.
Mike Ashley's Frasers Group, formerly Sports Direct, said on Monday it has raised its stake in German fashion house Hugo Boss to 10.1% through stocks and derivatives, part of his drive to take the British sportswear retailer upmarket.
Canadian industrial producer prices rose 1.2% in May on higher prices for meat, fish and dairy products, Statistics Canada said on Monday, as supply chain disruptions caused by the coronavirus pandemic and increased demand boosted meat prices.
The value of Canadian building permits rose by 20.2% in May from April, Statistics Canada said on Monday. This is the largest percentage increase since March 2009, as coronavirus restrictions relaxed in Ontario, Quebec,and Prince Edward Island.
David Frost, Britain's chief negotiator with the European Union, will complete the Brexit talks even if he takes up his new position as National Security Adviser (NSA) before they have finished, Prime Minister Boris Johnson's spokesman said on Monday.
Italy's Edison has agreed to reduce the value of the sale of its oil and gas operations to Energean by two thirds to $284 million after dropping the Algerian and Norwegian assets from the deal.
Above-average rains last week in most of Ivory Coast's cocoa regions bode well for the start of the next main crop in October but high humidity has caused mould to grow on some beans being harvested for the ongoing mid-crop, farmers said on Monday.
Qatar aims to further ease coronavirus curbs from July 1, allowing the limited reopening of restaurants, beaches and parks, as infections have passed their peak and the rate was subsiding, authorities said.
Bankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals.
Seafolly Pty Ltd, an Australian swimsuit maker part-owned by French fashion giant LVMH Moet Hennessy Louis Vuitton SE, appointed administrators on Monday citing a sales downturn from the coronavirus, the latest casualty of the health crisis in the country's retail sector.
Torrential rain is set to hit China's eastern coastal regions this week after overwhelming large parts of the southwest, inundating villages and tourist spots and displacing more than 700,000 people, state weather forecasters said on Monday.
New Irish Prime Minister Micheál Martin said on Monday he would take a cautious approach to opening up air travel after health authorities warned this could reignite the coronavirus crisis in Ireland.
British Prime Minister Boris Johnson promised a "Rooseveltian" boost to public spending to help the country's economy recover from the coronavirus shock and said a return to austerity would be a mistake.
Airbus plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump.
Vietnam's aviation authority said on Monday it had grounded all Pakistani pilots working for local airlines, amid concern from global regulators that some pilots may have been using "dubious" licences.
Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted on Monday as saying.
Reuters
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