Italy Okays $7.1 billion loan to Fiat Chrysler

The Italian government has approved guarantee for a $7.1 billion (6.3 billion euros) loan to Italian-American automaker Fiat Chrysler Automobiles NV (BIT: FCA). The government approved a decree offering a state guarantee to the company’s Italian unit. This will go down on record as the largest ever loan granted to a Europe based car manufacturer. […]

Obama Conducts First Campaign For Biden Helping Raise $11 Million

Former U.S President Barack Obama conducted his first campaign for Democratic Party Presidential candidate in upcoming Presidential elections in November. In the campaign, Obama urged supporters to rise up and deliver much needed support especially this time when their help is urgently needed. The virtue fundraising campaign was conducted on 23rd June. In the virtue […]

Trump’s Campaign Team Raised $74 Million in May

The campaign team for U.S President Donald Trump together with the Republican National Committee managed to raise a $74 million in May for the re-election of the sitting President in upcoming November Presidential elections. The sum is on a higher side compared to the $61.7 million the team raised in April, the team made the […]

American Airlines Seeking $3.5 Billion in Upcoming Financing Round

American Airline Group Inc. (AAL) has made public its plan in which it seeks to secure $3.5 billion in upcoming financing round. The airline will use cash to revive its operations which have been greatly affected after coronavirus pandemic stroke a heavy blow to the aviation industry worldwide. The airline is looking forward to sell […]

South Korean Band BTS Donates $1 Million to Black Lives Matter

South Korea based boy band BTS made a donation of $1 million to ongoing protests against racial discrimination dubbed Black Lives Matter (BLM). The news was announced by the music label managing the band Big Hit Entertainment. The widely known band of seven members had last week posted on Twitter under the hashtag Backlivesmatter expressing […]

Japan Considering an Additional $930 Billion Economy Cushion

Japan is contemplating securing an additional 100 Trillion Yen ($930 billion) to further cushion the economy from economic distortion caused by the pandemic. The government is also considering lifting a state of emergency and other restriction in Tokyo and other areas. This new injection will go into aiding companies come out of plunge instilled by […]

Bolt Receives $109 Million Injection From Naya Capital

Formerly known as Taxify, Europe based ride hailing company Bolt has announced having received a total of 100 million Euros ($109 million) from investment firm Naya Capital Management. Bolt says it will be using the funds to maneuver its way out of the plunge inflicted in it by coronavirus pandemic. Ride hailing business tops among most […]

Senator Warren Will be Hosting a Private Fundraiser for Biden

U.S. Senator from Massachusetts, Elizabeth Warren will be hosting a private fundraising event for Democratic Presidential hopeful and former U.S vice President Joe Biden. New York Times was the first to report this claiming the well decorated consumer lawyer agreed to host the event. Sources linked to the matter who sought anonymity revealed the event will take […]

Lufthansa in Advance Talks Over a 10 Billion Euros State Bailout

German airline Deutsche Lufthansa AG (ETR: LHA) simply known as Lufthansa confirmed being in advanced talks over a 10 billion euros ($9.9 billion) government bailout which will be used to assist the airline overcome the pandemic. In return, German government will get 20% stake in the airline, Lufthansa says the government will also have two […]