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Lufthansa vows company revamp as losses balloon

1 month ago   |   By Reuters

Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros , days after agreeing a state bail-out amid the fallout from the coronavirus pandemic.
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Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros

1 month ago   |   By Reuters

German airline Lufthansa posted a net loss of 2.1 billion euros in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.
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French PM Castex wants ‘to unite nation to fight crisis' as Macron launches...

French PM Castex wants ‘to unite nation to fight crisis' as Macron launches new phase of presidency

France's new Prime Minister Jean Castex has warned that the coronavirus pandemic was not over yet and an economic crisis “is already here.” On Friday, he took the helm of... Read more ...

We got an exclusive look at the pitch deck AI transport firm CitySwift used...

We got an exclusive look at the pitch deck AI transport firm CitySwift used to raise $2 million in seed funding

AI transport logistics firm CitySwift has raised more than $2 million in a funding round backed by Irelandia Investments and Ace Venture Capital. The Irish firm's transport... Read more ...

Walmart is transforming its parking lots into drive-in movie theaters

Walmart is transforming its parking lots into drive-in movie theaters

Walmart is turning 160 parking lots into drive-in movie theaters from August to October, the company said. The company is also launching Camp by Walmart, a virtual camp program... Read more ...

US adds 4.8 million jobs as unemployment falls to 11.1%

US adds 4.8 million jobs as unemployment falls to 11.1%

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1% as the job market improved for a second straight month, yet still remained... Read more ...

No Federal Mandates For Masks On Planes Or Empty Middle Seats

No Federal Mandates For Masks On Planes Or Empty Middle Seats

As some airlines try to sell every seat on every flight, the Trump administration urges them to leave some seats empty and wants passengers to wear masks, but neither will be... Read more ...

Hugh Downs, broadcaster known for news, game, and talk shows, dies at 99

Hugh Downs, broadcaster known for news, game, and talk shows, dies at 99

Hugh Downs, the genial, versatile broadcaster who became one of television's most familiar and welcome faces with more than 15,000 hours on news, game and talk shows, has died... Read more ...

US adds 4.8 million jobs as unemployment falls to 11.1%

US adds 4.8 million jobs as unemployment falls to 11.1%

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1% as the job market improved for a second straight month, yet still remained... Read more ...

A new alert on Facebook and Instagram tells people to wear masks in public...

A new alert on Facebook and Instagram tells people to wear masks in public to help prevent the spread of the coronavirus

A new alert on Facebook and Instagram advises users in the US to wear face masks in public. The announcement of the new notice comes as coronavirus cases rise in the US and... Read more ...

Cam Newton's low-ball Patriots contract is ‘not about money'

Cam Newton's low-ball Patriots contract is ‘not about money'

Cam Newton doesn't care about his bare-bones guarantees. The money -- or in the case of his one-year, prove-it contract with the Patriots, the lack thereof - doesn't matter to... Read more ...

Jeff Bezos' net worth just hit an all-time high. Here's how the richest...

Jeff Bezos' net worth just hit an all-time high. Here's how the richest person in the world makes and spends his $171 billion fortune

Jeff Bezos, the wealthiest person alive, is now richer than he's ever been. Bezos pledged to spend $10 billion to fight climate change in February and promised $100 million to... Read more ...