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Lufthansa will bring home any Germans it flies abroad on vacation, Chief Executive Carsten Spohr said in a newspaper interview, seeking to assuage holidaymakers' concerns that new coronavirus outbreaks could leave them stranded. Foreign Minister Heiko Maas on Wednesday said that Germany would not undertake another repatriation initiative this summer, as it did when the coronavirus pandemic struck earlier this year. "Be it because they are not allowed to enter the country due to an elevated temperature at their destination, or because they have to be quarantined there, or because of a virus outbreak in the host country - in all these cases there will be a guaranteed return flight."...
Market forces rained on the parade of Novavax, Inc. (NASDAQ:NVAX) shareholders today, when the analysts downgraded......
Airbus Group SE (EADSF) said that it did not receive a single new order in May as the global aviation crisis fueled by the coronavirus pandemic throttled demand for new commercial jets.The France-based planemaker delivered 24 aircraft to customers during the month of May, including A220, A320 and A350 XWB planes, it said in a statement on Friday. No orders were canceled, Airbus said.Commercial airline travel has fallen off a cliff due to coronavirus-induced lockdown restrictions forcing many airlines around the world to ground the majority of their fleets and to sharply reduce spending.The travel restrictions tied to the pandemic have resulted in a deep cut in the number of commercial jets and services planemakers’ customers need over the next few years with some asking for delivery delays or order cancellations.In May, Airbus delivered two A220-300 to Air Canada and 18 A320 aircraft including the first A320neo to Wizz Air. For Airbus...
EUR/USD bullish momentum is very strong. This impulse behaves as a typical wave 3. An uptrend continuation is likely BUT a retracement could take place first....
(Bloomberg) -- There’s so much positive momentum in risk assets, it’s difficult to see what could stand in the way of the emerging-market rally, at least in the coming days.The stronger-than-forecast May U.S. jobs report and weekend agreement by OPEC+ to a one-month extension of its record output cuts may add to the optimism about the prospects for a global economic recovery, underpinning risk assets. JPMorgan Chase & Co.’s measure of implied volatility for emerging-market currencies had its biggest weekly drop since 2011. Stocks enjoyed their best week since 2011, while an index of domestic bonds reached its highest point since early March.“While there are still significant uncertainties over the Covid-19 impact on corporate earnings, investors are encouraged by the reopening of economies that is likely to lead to a rebound in profitability later this year,” said Iyad Abu Hweij, a managing partner at Allied Investment Partners PJSC in Dubai. “Given...
A week ago, Domo, Inc. (NASDAQ:DOMO) came out with a strong set of first-quarter numbers that could potentially lead......
Last week saw the newest quarterly earnings release from Ciena Corporation (NYSE:CIEN), an important milestone in the......
