Coronavirus-stricken airline group Lufthansa said Wednesday its supervisory board was "unable to approve" a €9 billion ($9.9 billion) German state rescue over fears of over-harsh conditions from Brussels.

Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.

India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. The complaint was reportedly filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said.

Renault SA, Nissan Motor and Mitsubishi Motors announced on Wednesday details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group, news wires reported. The reworked alliance will focus on more systematic divisions of labour, with one partner leading for a particular type of vehicle and geography while the others follow.

Latin America’s largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the US have filed for Chapter 11 bankruptcy protection in the United States.

The German government and Lufthansa have agreed on a much-anticipated bailout deal to help the airline cope with losses from the coronavirus pandemic, Germany’s flagship carrier announced on Monday. The €9bn ($9.80bn) stabilisation package has been already approved by Lufthansa's Executive Board, though the bailout still need consent from shareholders as well as the European Commission.

A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal.

Lufthansa announced plans to restart its service across Europe with special focus on tourist destinations. By mid-June the company will start flying to 20 vacation hotspots, including Mallorca, Crete, Rhodes, Faro, Venice, Ibiza and Malaga. All flights are planned to depart from Frankfurt. The airline is expected to announce further destinations by the end of the week.

The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military. The actions follow the same blueprint used by Washington in its attempt to limit the influence of Huawei Technologies Co Ltd for what it says are national security reasons.

Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will on Monday finally rule in a battle over compensation for tens of thousands of affected owners.