German state of Hesse: We are ready to help Thomas Cook Germany
The German regional state of Hesse stands ready to offer financial support to Thomas Cook's German unit, its Prime Minister Volker Bouffier said on Wednesday.
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Thomas Cook Germany in rescue talks with investors
Thomas Cook's German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said...
Sanctions-hit Iran props up economy with bartering, secret deals
Washington's policy of applying "maximum pressure" on Iran with wide-ranging sanctions has shredded the country's oil revenues, sent its economy into recession and devalued its national...
Thomas Cook's Polish business goes into insolvency
Thomas Cook's Polish business Neckermann Polska said on Wednesday it was insolvent as the effects of the demise of the world's oldest travel firm spread to...
EU says it is in close contact with Germany over Condor loan
The European Union antitrust regulator said on Wednesday it was in close contact with the German authorities regarding a proposed loan to German airline Condor.
IKEA's online sales surge 43%
IKEA's online sales surged 43% in the 12 months to the end of August, helping to drive overall retail sales at the world's biggest furniture group...
VW workers applaud chairman despite indictment
Volkswagen workers applauded Chairman Hans Dieter Poetsch at a mass meeting of employees at its headquarters on Wednesday, according to a participant, as staff appeared to...
Aston Martin raises $150 million in debt, shares fall on high cost
Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for...
Former Danske Bank Estonian head found dead by police
A former head of Danske Bank's Estonian branch, who was a witness in an investigation into alleged money laundering, has been found dead by police in...
Nintendo's Mario mobile game has server overload on launch day
Nintendo Co Ltd's hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users initially complaining server overload meant they were unable to play...
Thomas Cook Germany files for insolvency in bid to hive off business
Thomas Cook GmbH, the German unit of the insolvent British travel operator, on Wednesday filed for insolvency with a view to carving out its brands and...
Luxury group Kering trims Puma stake with 500 million euro bond
French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German...
Renault ready to be part of a European batteries project: chairman
Renault is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker's chairman said on Wednesday.
Around 3,600 clients of Thomas Cook's Polish unit remain abroad
Around 3,600 clients of Thomas Cook's Polish unit Neckermann Polska remain outside Poland, regional authorities said on Wednesday after the local travel agency announced insolvency.
Thyssenkrupp No.1 investor says it fully supports Chairwoman Merz
The Alfried Krupp von Bohlen und Halbach foundation, Thyssenkrupp's top shareholder with two seats on its supervisory board, on Wednesday said it fully supports chairwoman Martina...