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Germany finally splurges, but not without fresh criticism

Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin's rediscovered love to splurge is causing fresh unease among its neighbours.


Thursday, June 4, 2020
China eases flight curbs after United States targets its carriers

China will ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington vowed to bar Chinese airlines from flying to the United States due to Beijing's curbs on U.S. airlines.


Thursday, June 4, 2020
Tata Steel workers at Dutch plant vote to strike

Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, labour union FNV said.


Thursday, June 4, 2020
Exclusive: GM plans electric van for business users in bid to pre-empt Tesla

General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.


Thursday, June 4, 2020
HSBC, StanChart shares rise as support for China law eases Hong Kong impact worries

Hong Kong shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's national security law for the city, allaying worries about their businesses getting hurt by any potential political crossfire in their largest market.


Thursday, June 4, 2020
British Airways boss says burning through cash, urges unions to engage

The boss of British Airways said its parent company IAG was burning through 178 million pounds ($223 million) a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts.


Thursday, June 4, 2020
Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for U.S. tech giants.


Thursday, June 4, 2020
U.S. court blocks sales of Bayer's weed killer

German agrochemicals group Bayer AG has been blocked from selling its dicamba-based weed killer in the United States after an appeals court rejected a federal regulator's permit for the product.


Thursday, June 4, 2020
U.S. airlines gain final approval to drop services to 75 domestic airports

Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic.


Thursday, June 4, 2020
Rally pauses ahead of ECB stimulus plan

The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.


Thursday, June 4, 2020