German airline said it has received approval for a multibillion-dollar “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the European Union’s executive commission.
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Lufthansa clinches $10 billion bailout from German governmentLufthansa and Germany have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline. The rescue package will give the government a 20% stake in the group.
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German playground concept enforces social distancing for safety - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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German business morale rebounds; state spending key to recoveryThe German economy is starting to recover as curbs to slow the coronavirus are lifted, a business morale survey showed on Monday, and separate output data pointed to the importance of government spending to support the recovery.
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New emissions blow for VW as German court backs damages claimsVolkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
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German government, regions tussle over reopening from lockdownsGermany's central and regional governments sparred on Monday over when and how far to ease social-distancing rules, with allies of Chancellor Angela Merkel warning that scrapping them risks a new wave of coronavirus infections.
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Franco-German 500 billion euro recovery fund step towards EU fiscal union: CentenoEurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step towards a fiscal union of the bloc.
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