Hertz files for Chapter 11 protection

Source: Dukascopy Bank SA
Hertz Global Holdings, the car rental company, has filed for the US bankruptcy protection, as its business was hit during the coronavirus outbreak, while negotiations with creditors failed to provide the relief.
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Mon, 25 May 2020 07:41:39 GMT

Lufthansa to reopen 20 destinations for flights

Germany's Lufthansa is planning to resume its flights to at least 20 destinations starting from mid-June, including holiday hot-spots, the airline's spokeswoman said.

Mon, 25 May 2020 06:35:25 GMT

Kuehne+Nagel sees 20K job cuts

The freight-forwarder Kuehne+Nagel is likely to cut over 20K jobs, with warehouse employees most affected, due to the global economic crisis caused by the coronavirus that hit shipping, firm's owner Klaus-Michael Kuehne stated.

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