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Fiat Chrysler bolsters cash with $3.8 billion syndicated credit
MILAN (Reuters) – Fiat Chrysler <FCHA.MI> said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two banks. With most of their plants around the world closed and global car demand badly hit by the coronavirus crisis, automakers such as Fiat […]
Chatting to another family across street breaks Rule of Six, Priti Patel says
The Daily Star’s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox Chatting to another family from across the street falls foul of new coronavirus rules, Home Secretary Priti Patel has said. From Monday the Government's "Rule of Six" was imposed, making it illegal to meet in groups any […]
Coronavirus pandemic to shrink German economy by record 9.8% in second quarter
By Michelle Martin and Joseph Nasr BERLIN (Reuters) – Germany’s economy, Europe’s largest, will probably shrink by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the novel coronavirus, the country’s leading think tanks said on Wednesday. That would be more than […]