International Companies
Carnival shares sink as US lawmakers open Covid-19 probe
Carnival was one of the heaviest fallers on the FTSE 100 on Monday, after US lawmakers opened an inquiry into its handling of outbreaks of Covid-19 onboard its cruise ships.
Preppy fashion firm J.Crew files for Chapter 11 bankruptcy
American fashion company J. Crew has filed for bankruptcy, it announced on Monday, becoming the first major US retailer to do so amid the Covid-19 coronavirus pandemic.
Telefonica confirms UK business merger talks with Liberty Global
O2 owner Telefonica confirmed on Monday that it is in talks with Virgin Media owner Liberty Global about a potential merger of their UK businesses.
EU approves €7bn in state aid for Air France
The European Commission on Monday approved €7bn (£6. 2bn) in state-backed aid for Air France to provide urgent cash to deal with the coronavirus outbreak impact.
Mastercard appoints Mark Barnett as its European president
Mastercard promoted Mark Barnett to the role of president of its Europea operations with responsibility for the strategy and operations of the business across 53 countries in the region.
Ryanair to cut 3,000 jobs, warns of slow recovery
Ryanair said it was planning up to 3,000 job cuts as it forecast the airline business would take at least two years to return to pre Covid-19 conditions.