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Boeing slashes production of widebody jets as Covid-19 hammers sales

The production cuts reflect concern among aviation companies across the board about the pace of the coronavirus recovery

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

Heathrow tells UK: Do passenger testing or lose 'quarantine roulette'

Quarantine rules are in place for arrivals to Britain from the United States

GSK profit misses as vaccine sales disappoint, stockpiling eases

The company said it still expects adjusted earnings per share for the year to decline in the range of 1% to 4%

Bharti Airtel posts Q1 loss of Rs 15,900 cr; revenue up 15% on data usage

Consolidated revenue rose to Rs 23,939 crore in the three months ended June 30, compared with Rs 20,738 crore a year ago

Price of coronavirus vaccine to ensure broad access, says Moderna

Moderna executives also said the enrollment for the late-stage trial was on track and the company had seen tremendous interest from clinical sites

Rolls-Royce plans $1.9 billion share issue to bolster finances, says Report

Rolls-Royce, which makes engines for the Boeing 787 and Airbus 350, said it would burn through 3 billion pounds in the first half of the year

General Motors posts smaller-than-expected Covid-19 hit in second quarter

GM did not provide a earnings forecast for the year, but said it ended the second quarter with $30.6 billion in cash

4 of Big Tech CEOs to testify before US Congress in antitrust showdown

Subcommittee Chairman David Cicilline has been looking in to allegations by critics that the companies have hurt competitors and consumers with their business practices

ByteDance investors value TikTok at about $50 billion in takeover bid

ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders

Rio Tinto touts 'V-shaped' China recovery as it beats profit expectations

Iron ore accounted for 96% of Rio's underlying earnings

Spotify's paid subscribers hit 138 mn as music streaming demand rebounds

Analysts on average were expecting the company to have 136.4 million paid subscribers

How Covid-19's crippling effects are crushing govt funds, credit ratings

Almost 975 of those downgrades have been directly affected by Covid or the partly related collapse in oil prices. If cuts to rating outlooks are also added, that number rises to 1,939

Singapore Airlines reports $817 mn loss in first quarter due to Covid-19

Singapore Airlines reported a $816.73 million first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic

Sanofi, GSK to supply up to 60 million doses of Covid-19 vaccine to UK

Sanofi and GSK said they had reached an agreement with Britain to supply it with up to 60 million doses of a potential Covid-19 vaccine, and that discussions with other governments were ongoing

Southeast Asian IPOs show tentative revival as issuers brave markets

In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to $500 million initial public offering

Tesla CEO Elon Musk says open to supplying batteries to other automakers

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts

India's business outlook worsening, RBI may cut rates again: Reuters poll

Economy likely to contract this quarter and next and in this fiscal year as a whole, according to poll of 60 economists.

Singapore's jobless rate jumps in Q2, nearing financial crisis peak

The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009