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Rolls-Royce to raise $2.6 billion debt to fund Covid-19 pandemic relief

Rolls Royce is seeking to shore up capital amid the brutal impact of the Covid-19 pandemic on the aerospace industry.

American, United Airlines to lay off 32,000 as US aid talks drag on

The job cuts ramp up the pressure on Mnuchin and House Speaker Nancy Pelosi as they haggle over an economic relief plan, with Democrats calling for $2.2 trillion

Brexit prompts nearly 7,500 city jobs, $1.6 trillion to leave UK

From next year, firms in Europe's financial capital will lose their passport to offer services across the EU

Homegrown startups take on Google, Facebook for 'India's digital dreams'

The Indian group is considering lobbying with the government to have global technology companies such as Google and Facebook become "local"

Math doesn't add up: Differing views create confusion in TikTok-Oracle deal

A key reason for the discrepancy lies in differing views over the eventual distribution of TikTok's shares

Hotels to auto bonds: What global investors are buying in times of Covid-19

With asset values still seen as inflated, even in some hot areas like healthcare and technology, many are waiting for a potential second downturn after stimulus measures end

Make way for 'enertainers': Gensets at construction sites may be going out

While construction cranes have always run on electricity, they have tended to use diesel generators because the massive bursts of power needed would drain local grids and risk blackouts

Impressed by remote work of Apple employees, Cook sees permanent changes

Cook said he doesn't believe Apple will "return to the way we were because we've found that there are some things that actually work really well virtually"

Big banks let $2 trn in illicit funds move around world: FinCEN Files

Almost 90 financial institutions appear in the roughly 2,100 documents obtained, a fraction of the 2 million reports filed annually.

SCG Packaging plans to raise up to $1.7 billion in Thailand IPO

The company will sell an additional 169 million new shares should a so-called greenshoe option be exercised in full, the filing said

Rolls-Royce Holdings stock hits 17-year low as slump deepens for airlines

Europe's biggest airline will pull 150 jets by mid-decade, 50 more than in its previous plan

Jack Ma's Ant Group plans to lift IPO funding target to $35 billion

Ant's simultaneous listing in Hong Kong and Shanghai may mark the biggest IPO ever, topping Saudi Aramco's record $29 billion sale

ByteDance asserts control of TikTok and contests $5 billion fee

ByteDance and Oracle issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue

Chinese aircraft breach Taiwan airspace; raise risk of clash in the region

People's Liberation Army aircraft repeatedly breached the median line between Taiwan and the Chinese mainland last week, in the latest of a series of military exercises in the area

Nikola's founder Trevor Milton quits amid graft claims; shares dip

The resignation marks a remarkable fall from grace for Milton, a 39-year-old college dropout whose fortune soared when he took Nikola public through a reverse merger in June

Trump, China remarks cast a shadow on Oracle's deal for US TikTok

Treasury Secretary Steven Mnuchin remains confident that Trump will sign off on the transaction, but US national security officials continue to raise concerns

Amazon's buying spree for used planes makes green pledge harder to keep

Amazon has been among the biggest lessors of converted Boeing Co. 767s in the last five years as demand for online shopping has soared-more so since Covid-19 struck

Thanks to Covid, jet fuel is so cheap it's being blended for use by ships

The shift, almost unthinkable just a year ago, reflects the obliteration of demand the aviation industry has suffered in the wake of the Covid-19 pandemic

India's Covid-19 lockdown claims another victim; gold smuggling routes

Smugglers of gold have benefited from record high prices and a 12.5% import tax that India imposes on shipments of the metal and additional local taxes

Covid-19: UK comes up with fine of $13,000 for breaking isolation rules

Penalties will start at £1,000 pounds for breaking the restrictions starting from September 28, the prime minister's office said in a statement