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Airbus CEO Faury sees production declining by 40% over the next two years

Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted as saying

Chinese firms take record 50% of global equity raised in first half of 2020

China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong

Shale pioneer Chesapeake Energy largest US oil producer to seek bankruptcy

The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

The initial round of purchases included some 86 issuers, about half of them contractually settled as of June 18 and some still underway, all bought on the secondary market

Oil falls in second straight session as virus lockdown cools demand

Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures

Hong Kong: 53 arrested during peaceful protest against new security laws

China has said the new security law will target only a small group of troublemakers as it tackles separatism, subversion, terrorism and foreign interference in Hong Kong

Factbox: Global coronavirus fundraising meeting raises $6.9 billion

The money will be used for Covid-19 tests, treatments and vaccines, and also to support the world's poorest and most marginalised communities

Egypt, Ethiopia and Sudan to agree on deal to fill Blue Nile dam in weeks

Ethiopia says the $4 billion hydropower project, which will have an installed capacity of 6,450 megawatts, is essential to its economic development

China sees uptick in new Covid-19 cases, driven by Beijing's outbreak

The National Health Commission reported 21 new confirmed infections in mainland China on Friday, up from 13 a day earlier and the highest since Monday

Over 45,000 Covid-19 cases reported in US in biggest daily jump so far

The new record for positive Covid-19 tests comes as several states at the center of a new surge in infections took steps back from efforts to ease restrictions on businesses

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

Oil price settles lower on rise in new coronavirus cases in US and China

The global economic outlook has also worsened or at best stayed about the same in the past month

Covid-19: $30 bn needed to develop tests, treatments, vaccines, says WHO

The WHO is working with a large coalition of drug-development, funding and distribution organisations under what it calls the ACT-Accelerator Hub

Astrazeneca leading in Covid-19 vaccine race, Moderna not far behind: WHO

Soumya Swaminathan said that Moderna's Covid-19 vaccine candidate was also not far behind Astrazeneca's, among more than 200 candidates

Microsoft to close all offline retail stores, take $450 million hit

The Redmond, Washington-based software giant said would continue to serve customers online, with team members working remotely from corporate facilities

Samsung group heir should not be indicted, recommends South Korea panel

An outside panel in South Korea suggested that prosecutors should not indict Jay Y Lee over a 2015 merger and alleged accounting fraud

We're past the worst, but recovery will be uneven, ECB's Lagarde says

The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, but the recovery will be uneven, European Central Bank President Christine Lagarde said on Friday

Sweden's H&M swings to deep loss as sales go down 50% due to Covid-19

Pretax loss was 6.5 billion crowns ($695 million) against a year-earlier profit of 5.9 billion. Analysts had on average forecast a 6.4 billion crown loss, according to Refinitiv data

More US companies join Facebook ad boycott bandwagon against hate speech

The Stop Hate for Profit campaign was started by several US civil rights groups after the death of African-American George Floyd

Amazon agrees to buy self-driving startup Zoox for over $1 billion: Report

The report did not mention the exact purchase price and added Amazon is unlikely to disclose it when the deal is announced, likely to be on Friday