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  • France's Macron Orders Up Billions in Aid for Auto Industry

    PARIS-- French President Emmanuel Macron Tuesday said his government planned to spend billions of euros to prop up France's auto industry amid a collapse in car purchases caused by the coronavirus crisis. Most of the package is going to Renault SA (RNSDF) in the form of a state-backed credit facility of EUR5 billion. Macron said the state wouldn't complete the agreement until the company's management and unions had reached an agreement over the shape of the car maker's future workforce...

  • Texas Manufacturing Activity Recovers From Historic Low as Lockdown Eases

    Manufacturing activity in Texas edged up in May from April's record low, suggesting a slight improvement on business conditions as a statewide coronavirus lockdown was gradually eased, data from a report about the industrial sector from the Federal Reserve Bank of Dallas showed Tuesday. The production index stood at minus 28.0 in May, up from the minus 55.6 registered in April that posted a new record low in the survey's 16- year history. Even though that the contraction in...

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