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SoftBank Vision Fund head’s pay doubled last year despite massive losses

SoftBank Vision Fund head’s pay doubled last year despite massive losses

The figure was second only to renumeration for SoftBank Group Corp Chief Operating Officer Marcelo Claure, which rose 17% to 2.1 billion yen. SoftBank's...

South African Airways administrators seek more time for rescue plan

South African Airways administrators seek more time for rescue plan

The administrators, who were meant to publish their plan on Friday, have asked for a new deadline of June 8 so they can consult...

Sanofi’s head of vaccines leaves for smaller competitor Ipsen

Sanofi’s head of vaccines leaves for smaller competitor Ipsen

The announcement comes at a critical time as Sanofi is working on two vaccine projects to protect against COVID-19, the illness caused by the...

Japan backs nearly a third of $6.6 billion loans to Nissan

Japan backs nearly a third of $6.6 billion loans to Nissan

Mitsui Sumitomo will lend 50 billon yen, along with some additional US dollar-denominated funding, they added. Nissan is grappling with a negative free cash...

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic. Renault detailed plans on Friday to find 2 billion euros...

LATAM’s bankruptcy filing to delay its Brazil bailout to at least July

LATAM’s bankruptcy filing to delay its Brazil bailout to at least July

 "The bailout will happen; what could happen is that it may be staggered due to LATAM's situation," said one source.  LATAM's Brazil subsidiary is...

VW board formally okays Ford alliance projects

VW board formally okays Ford alliance projects

Among the shared projects specified by VW are a midsize pickup to be developed by Ford; a city delivery van to be developed by...

AstraZeneca picks Oxford Biomedica to make potential COVID-19 vaccine

AstraZeneca picks Oxford Biomedica to make potential COVID-19 vaccine

The majority of the vaccine would be produced throughout 2020, but Oxford Biomedica declined to provide details on the number of doses it would...

General Electric cash flow forecast disappoints, shares fall

General Electric cash flow forecast disappoints, shares fall

GE's second-quarter free cash outflow is expected to be between $3.5 billion and $4.5 billion, he said at a conference. That was bigger than...

Renault poised to announce 15,000 layoffs worldwide

Renault poised to announce 15,000 layoffs worldwide

Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme. "The striking point is that they've...

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