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Reuters - Business

How grab-and-go food chains are adjusting to coronavirus reality

Reuters
NEW YORK/LONDON (Reuters) – Restaurants devoted mainly to quick bites and drinks are reconfiguring their businesses to limit traffic in tight quarters and maintain coronavirus social distancing. Starbucks Corp SBUX.N, Dunkin’ Brands Group Inc (DNKN.O), Peet’s Coffee and British bakery-cafe chain Greggs PLC (GRG.L) have been forced to rethink how......
Reuters - Business

EU trade commissioner Hogan mulling candidacy for WTO chief

Reuters
BRUSSELS (Reuters) – European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organization, his spokesman said on Sunday. FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland attends his hearing before the European Parliament in Brussels,......
Reuters - Business

Lufthansa accepts tweaked demands by Brussels over state bailout

Reuters
BERLIN/FRANKFURT (Reuters) – Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. FILE PHOTO: Airplanes of German carrier Lufthansa are......
Reuters - Business

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Reuters
BERLIN/FRANKFURT (Reuters) – Lufthansa’s (LHAG.DE) management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. FILE PHOTO: Airplanes of German carrier Lufthansa......
Reuters - Business

Coffee maker JDE Peet’s IPO wrapped up in just 72 hours: sources

Reuters
LONDON/PARIS (Reuters) – It took just three days to sell shares in JDE Peet’s JDEP.AS as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world’s No. 2 maker of packaged coffee. FILE PHOTO: L’or and Douwe Egberts coffee packets are......
Reuters - Business

German official sees Lufthansa bailout in reach, demands fairness

Reuters
FILE PHOTO: Airplanes of German carrier Lufthansa at the Berlin Schoenefeld airport, Germany, May 26, 2020. REUTERS/Fabrizio Bensch FRANKFURT (Reuters) – The Berlin government is likely to reach a deal with Brussels on a $10 billion government bailout of stricken airline Lufthansa (LHAG.DE), senior government official Thomas Jarzombek said on......
CNBC Business

EU unveils plan to borrow 750 billion euros to aid economic recovery

CNBC
CNBC – For more and to sign up click here The EU flags are seen in front of the Berlaymont, the EU Commission headquarter on May 19, 2020, in Brussels, Belgium. Thierry Monasse The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the......
Reuters - Business

Travel and leisure stocks rejoice on summer holiday hopes

Reuters
LONDON (Reuters) – European travel and leisure stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the re-opening of businesses after a two-month lockdown. FILE PHOTO: The TUI logo is displayed on a computer screen in London,......
Reuters - Business

Air France must slash domestic traffic in exchange for state guarantees -minister

Reuters
FILE PHOTO: An Air France passenger jet takes off at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau PARIS (Reuters) – Air France (AIRF.PA) will have to “drastically” reduce its domestic air traffic in exchange for......
New York Post

New plastic-like product made from plant sugars only takes a year to degrade

NYPost
Plastics are both one of mankind’s greatest inventions and also one of its most embarrassing failures. Plastics are all around us and that’s the problem. They’re not just in your home, they’re stuck in your bushes outside, floating down a nearby river and piling up in the middle of the......
Reuters - Business

Outlook for European corporate profits worsens further

Reuters
FILE PHOTO – Rain clouds pass over the Canary Wharf financial district in London, Britain July 1, 2016. REUTERS/Reinhard Krause/File Photo LONDON (Reuters) – Expectations for second- and third-quarter corporate profits are deteriorating further in Europe, despite a gradual easing across the continent of lockdowns aimed at curbing the coronavirus......
Reuters - Business

NIBC says it will pay 2019 dividend to Blackstone to ensure acquisition

Reuters
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid AMSTERDAM (Reuters) – Dutch bank NIBC Holding NV (NIBC.AS) said late on Monday it has agreed......
Reuters - Business

As Air France restores some flights, pilots queue for simulator

Reuters
PARIS (Reuters) – Air France (AIRF.PA) is putting its grounded pilots through their paces in the flight simulator as the airline prepares to restore flights to dozens of destinations that had been suspended under coronavirus lockdown measures. An Air France pilot wearing a protective mask trains in an Airbus A350......
Reuters - Business

KLM passengers must bring their own face masks on all flights

Reuters
FILE PHOTO: KLM airline airplane is seen, as Schiphol Airport reduces its flights due to the coronavirus disease (COVID-19) outbreak, in Amsterdam, Netherlands April 2, 2020. REUTERS/Piroschka van de Wouw AMSTERDAM (Reuters) – Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, (AIRF.PA) must wear face......
Reuters - Business

French, Dutch join forces to urge EU to show teeth on trade

Reuters
PARIS (Reuters) – France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters. FILE PHOTO: French President Emmanuel Macron welcomes Dutch Prime Minister Mark Rutte......
Reuters - Business

Green hydrogen’s time has come, say advocates eying post-pandemic world

Reuters
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world. FILE PHOTO: The new Febus hydrogen bus is......
Reuters - Business

British Airways owner IAG must restructure across the board: Walsh

Reuters
LONDON (Reuters) – The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won’t return to normal until at least 2023, its chief executive Willie Walsh said on Thursday. FILE PHOTO: Willie Walsh Chief Executive of......
CNBC Business

5 charts show which travel sectors were worst hit by the coronavirus

CNBC
CNBC – For more and to sign up click here Information board displaying cancelled flights at the departure hall at Kansai International Airport on March 10, 2020 in Osaka, Japan. Tomohiro Ohsumi | Getty Images From spring breaks to summer holidays, the coronavirus pandemic has disrupted travel plans globally as......
Reuters - Business

Air France says passengers must wear masks from May 11

Reuters
FILE PHOTO: Air France logos are seen at Nice international airport, as a lockdown is imposed to slow the rate of the coronavirus disease (COVID-19), in Nice, France April 13, 2020. REUTERS/Eric Gaillard PARIS (Reuters) – French carrier Air France is to require all passengers on board its flights to......

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