CHANCELLOR RISHI SUNAK SAYS 'TOUGH CHOICES' TO ADDRESS PUBLIC FINANCES

HIGHLIGHTS

• Chancellor Rishi Sunak has warned that tough choices may need to be made in order to address the increase in borrowing that was caused by the pandemic.
• Chancellor Rishi Sunak thin does not want to bail out UK firms.

Chance...

DUTCH GOVERNMENT TO AID AIR FRANCE WITH BAILOUT PACKAGE

Highlights –

• The Dutch government will aid Air France with $3.8 billion.
• The Dutch government will appoint an observer to Air France - KLM’s board.
• At 0832 GMT, Air France-KLM shares were up 1.8%.
• KLM will receive $2....

LUFTHANSA OFFERED $10 BILLION BY GERMAN GOVERNMENT

Highlights –

• The German government offers Lufthansa coronavirus bailout money.
• Lufthansa offered $10 billion.
• Lufthansa shares had fallen as much as 8.8% earlier in the session.
• Heinz Thiele owns 15.5% shares of the airline...

Apple Supplier Japan Displays $830 million from Asset Manager Ichigo to receive funding

Apple distributor Japan Display said on Thursday, Japanese asset manager Ichigo Asset Management expects to receive up to JPY 90 billion ($830 million) in financial support. Ichigo joins contract electronics supplier Wistron from Apple and Taiwan in bailing out the innovative liquid crystal displ...