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Lufthansa says Germany approves stabilization package

FILE PHOTO: A Lufthansa Airbus A320-200 plane is seen on the tarmac at the Lyon-Saint-Exupery airport in Colombier-Saugnieu near Lyon, France, March 14, 2019. REUTERS/Emmanuel Foudrot/File Photo FRANKFURT (Reuters) – Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier…

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Nissan says preparing to gradually restart Mexico operations

FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo MEXICO CITY (Reuters) – The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly…

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Burundi’s Ruling Party Candidate Wins Presidency

NAIROBI — Burundi’s ruling party candidate, a retired general, has won the presidential election, the country’s electoral commission said on Monday amid accusations of vote-rigging by the leading opposition challenger. The commission said Evariste Ndayishimiye had won 69 percent of votes cast and the opposition candidate, Agathon Rwasa, 24 percent. The commission…

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As Passengers Disappeared, Airlines Filled Planes With Cargo

Most passenger planes today fly virtually empty, but when Virgin Atlantic flight VS251 landed at Heathrow Airport near London on a cloudy afternoon late last month, most of its 258 seats were occupied. No one was violating social distancing recommendations, though. The seats, along with the plane’s belly, were loaded with medical…

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Most publicly listed companies keep U.S. small-business aid loans

Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. REUTERS/Carlos Barria…

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Wall Street ends mixed as China-U.S. tensions weigh

(Reuters) – Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus. President Donald Trump’s warning on Thursday that the U.S. would react strongly to China’s plan…

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Automaker trade backs U.S. on effort to weaken fuel efficiency rules

WASHINGTON (Reuters) – A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements. FILE PHOTO: The Ford logo seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan…

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Lufthansa to resume flights to 20 destinations from mid-June

FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo FRANKFURT/BERLIN (Reuters) – Lufthansa (LHAG.DE), which is in talks with the German government over a 9 billion euro…

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