In a statement, Lufthansa’s spokeswoman said, it is in talks with the German government over a $9.8 billion bailout package; it aims to resume flights to 20 destinations, including holiday hot spots, starting from mid-June. Destinations include Rhodes, Mallorca, Faro,… Read More ›
Day: May 25, 2020
Tobias Moers to replace Andy Palmer as Aston Martin’s CEO
According to a source familiar with the matter at hand, Aston Martin’s CEO Andy Palmer is leaving the company as part of a review of the management team. He will be replaced by Mercedes-AMG’s CEO Tobias Moers. In a statement,… Read More ›
Foreign tourists can book holidays in Spain from July: Reyes Maroto
On Monday, Spain’s Minister of Industry, Trade and Tourism Reyes Maroto said, foreign tourists will be allowed to book vacations in the country from July following the suspension of the two-week self-quarantine period for overseas travelers by then. Tourism dependent… Read More ›
Nordic asset managers pushes for increased ESG investing
With the effects of climate change becoming ever more palpable, Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM) is turning up the heat against a range of carbon emitting industries paving the way for other funds to… Read More ›
Japanese beer maker Asahi Group Holdings borrows $11 billion to acquire AB InBev’s Carlton & United Breweries
On Monday, Japanese beer maker Asahi Group Holdings stated, it will take on $11 billion (1.185 trillion yen) when it borrows the sum from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev’s Australian subsidiary. In… Read More ›