Swissport is getting new owners in a debt-for-equity swap that includes a 500 million euros ($595.20 million) long-term debt facility and a 300 million euros interim facility to help keep it afloat, the airport services company said on Monday.
Swissport is getting new owners in a debt-for-equity swap that includes a 500 million euros ($595.20 million) long-term debt facility and a 300 million euros interim facility to help keep it afloat, the airport services company said on Monday.
Emirates airline has received 7.3 billion dirhams ($2 billion) from the government of Dubai as it faces a cash crunch caused by the COVID-19 pandemic, a bond prospectus seen by Reuters shows.
Swissport will get new owners in a debt-for-equity swap that includes a 500 million euros ($595.20 million) long-term debt facility and a 300 million euros interim facility to help keep it afloat, the airport services company said on Monday.
Shanghai copper prices were set for their fifth straight monthly gain on Monday, the longest monthly winning streak in 11 years, on a strong rebound of the coronavirus-hit Chinese economy.
China said on Monday it had launched an anti-subsidy investigation on some wine imports from Australia, two weeks after announcing it had begun an anti-dumping probe on such imports.
The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, the Pentagon said on Friday, laying the groundwork for new sanctions.
China's commerce ministry said on Monday it had launched an anti-subsidy investigation on some wine imports from Australia, according to a statement posted online.
The Saudi-led coalition fighting in Yemen intercepted and destroyed an explosive-laden drone at Saudi Arabia's Abha international airport and a remotely controlled explosive-laden boat in the south of the Red Sea both launched by Iran-aligned Houthis on Sunday, Saudi state news agency (SPA) reported.
United Airlines said on Sunday it is permanently eliminating change fees on tickets for U.S. travel effective immediately, the latest effort by a U.S. airline to try to stimulate bookings hit by the coronavirus pandemic.
Wizz Air will sharply reduce weekly flights to and from Hungary from Sept. 7, the airline said, after the government announced it would ban the entry of foreigners to try to rein in the coronavirus outbreak.
U.S. President Donald Trump's national security adviser said on Sunday more Arab and Muslim countries were likely to follow the United Arab Emirates in normalising relations with Israel.
Colombia's government said on Saturday it will extend up to $370 million in loans to Avianca, amid the airline's Chapter 11 bankruptcy protection process in the United States.
Mukesh Ambani-led Reliance Industries said on Saturday it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at $3.38 billion, including debt.
The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE's state news agency reported on Saturday.
All operations to combat illegal logging in the Amazon will be halted on Monday due to insufficient funds, Brazil's Environment Ministry said on Friday.
The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, the Pentagon said on Friday, laying the groundwork for new sanctions.
Hong Kong's government has lifted a temporary ban on chicken imports from a plant operated by Brazil's Central Cooperativa Aurora that was blocked until tests proved there was no risk of contamination by coronavirus in meat produced there.
Canada extended a measure barring most foreign travelers from entering the country amid continued efforts to limit the introduction and spread of the coronavirus, Public Safety Minister Bill Blair said on Friday on Twitter.
Eyewear tycoon Leonardo Del Vecchio plans to increase his stake in Italy's Mediobanca only slightly in the short term to just above 10%, after being given European Central Bank approval to increase it to nearly 20%, sources said on Friday.