German Investor Kuehne Boosts Stake In Lufthansa To 10%
ZURICH (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne…
2022
Frontier CEO talks about airline merger, travel outlook
DALLAS (AP) — Barry Biffle is juggling his day job as CEO of Frontier Airlines while also working to save…
Warner Bros Discovery Shares Gain On First Trading Day
(Reuters) -Shares of Warner Bros Discovery Inc rose on Monday, the first trading day of the media and streaming firm…
Battered Luckin Coffee Emerges From Bankruptcy Proceedings
(Reuters) – Luckin Coffee Inc, said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud…
Lessor BOC Aviation To Buy 80 Airbus Aircraft In Its Largest Order
(Corrects headline to say BOC Aviation to buy 80 Airbus aircraft, not seeks) (Reuters) -BOC Aviation said on Monday it…
Thoma Bravo To Take Cybersecurity Firm SailPoint Private For $6.1 Billion
(Reuters) -Private equity firm Thoma Bravo will acquire SailPoint Technologies for $6.12 billion, in a deal that underscores a heightened…
Shopify Announces 10-for-1 Stock Split
(Reuters) – Canadian e-commerce giant Shopify Inc on Monday announced a 10-for-1 stock split of the company’s class A and…
Italian premier says Algeria to boost natural gas exports
MILAN (AP) — Italian Premier Mario Draghi secured a deal Monday for more natural gas imports across a Mediterranean pipeline…
Portugal’s TAP Posts 1.6 Billion Euro Loss, Sees ‘cautious Optimism’ For 2022
By Patricia Vicente Rua and Catarina Demony LISBON (Reuters) -Ailing Portuguese airline TAP posted an annual loss of 1.6 billion…
Russia’s war to shrink Ukraine economy 45%, World Bank says
LONDON (AP) — The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which…