FILE PHOTO: Chevron oil exploration drilling site near Midland

Coronavirus: Rolls-Royce slumps to record half-year loss of £5.4bn

Rolls-Royce has reported a record half-year loss of £5.4bn after it was “severely impacted” by the coronavirus pandemic – prompting a shake-up that has already cost thousands of jobs. The engine maker’s finances have been battered by a collapse in demand for flights, resulting in a hit to revenues as well as huge write-off and […]

Exclusive: Banco do Brasil plans reforms after failed privatization bid – sources

By Carolina Mandl and Marcela Ayres SAO PAULO/BRASILIA (Reuters) – Brazilian state-controlled bank Banco do Brasil SA <BBAS3.SA> is planning reforms to better compete with private rivals, after President Jair Bolsonaro quashed an attempt by management to fully privatize the lender, according to four people familiar with the matter. The plan includes changing employment rules […]

‘We take precedent!’ Commission warns member states as legal action taken against Germany

EU 'message' to Germany over legal action outlined by expert When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at […]