* GS raises chances of U.S. recession to 30% over next year. * Kellogg jumps on decision to split into three companies. * Indexes: Dow 1.58%, S&P 2.17%, Nasdaq 2.60% By Devik Jain and Anisha Sircar.
General Motors Co (GM), Ford Motor Co (F) and Chrysler parent Stellantis NV (STLA) said on Tuesday they are making masking optional at all U.S. facilities. In mid-May, the Detroit Three automakers and the United Auto Workers -- which have a COVID-19 joint task force -- reinstated a requirement that employees wear masks in southeastern Michigan where there are high levels of COVID-19.
- Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals.
- Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals.
Ukrainian banks could lose at least 20% of their loan portfolio because many borrowers are unable to serve their debts due to the war with Russia and an economic crisis, deputy governor of the central bank said on Tuesday.
Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals.
Qatar Airways' chief executive said on Monday the industry's net-zero 2050 target, which was set last year, would be difficult for airlines to achieve. It is going to be "very challenging", Akbar Al Baker told a press conference at the International Air Transport Associations annual meeting of airline chiefs in Doha.
* Construction & materials among worst hit sectors. * ECB's Lagarde reaffirms rate hike plans. * Renault jumps after Jefferies upgrade. By Sruthi Shankar. European stocks rose strongly on Monday after a sharp selloff last week on recession worries, while gains in French shares were capped after President Emmanuel Macron lost an absolute majority in the country's parliamentary election.
The head of the world's biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter.
The head of the world's biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter.
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