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Covid-19 impact: Rolls-Royce to cut 9,000 jobs to save $1.5 bn annually

The job losses would mostly take place in its civil aerospace business

US secures 300 million doses of potential AstraZeneca Covid-19 vaccine

Vaccines are seen by world leaders as the only real way to restart their stalled economies.

Swiggy, Zomato to start liquor deliveries during virus lockdown in India

India was among the few countries to restrict liquor and tobacco sales as it announced one of the world's strictest lockdowns in March

Amazon takes on Swiggy, Zomato; rolls out food delivery services in India

Amazon launched its Prime services in India in 2016 and already offers services such as video and music streaming as well as grocery delivery in many cities across the country

Wanted: A new head of WTO to handle recession, US-China tension, and more

Brazilian Director-General Roberto Azevedo surprised the WTO's 164 members last week by announcing he would quit at the end of August

Airlines to follow ticket price rules as domestic flights begin from May 25

Airlines will be allowed to resume about a third of their operations from Monday, within rules that include no meals on board, temperature checks for all passengers

Britain's AstraZeneca to make bn Covid-19 vaccine doses if tests succeed

Drugmaker says it had signed the first agreements to supply at least 400 million doses of the vaccine, which it is developing with Oxford University.

Sellers beware: Price collapse triggers bartering over oil and gas deals

Premier Oil's CEO said he is seeking a cheaper price for North Sea assets it agreed to buy from BP for $625 million and Energean is doing the same with a $700 million purchase from Edison

Shinzo Abe wants to build ventilators that hospitals probably don't need

Abe wants Japanese companies to build 2,000 ventilators to add to an unused stock of 4,700 already in hospitals

Strides Pharma to conduct trials for potential Covid-19 drug Favipiravir

Favipiravir is manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and was approved for use as an anti-flu drug in the country in 2014

Lufthansa in advanced talks for state rescue deal worth about $10 billion

The deal includes state taking a 20% stake in the company

Inovio says COVID-19 vaccine produces antibodies in mice, guinea pigs

The company's shares, which have more than quadrupled this year, surged 17.7% to $17.13 in trading before the bell

Xiaomi gets first-quarter sales boost as smartphone demand rebounds

The company gets most of its revenue from selling mobile handsets, but also makes money by selling online ads and other types of consumer hardware

Rolls-Royce to axe 9K jobs in air travel slump, to save GBP 1.3 bn a year

The 9,000 jobs, out of a global staff of 52,000, will go predominantly from Rolls's civil aerospace business, which generates just over half of its 15 billion pounds ($18 billion)of annual revenues

RBI may need to slash rates alongside providing fiscal stimulus: Economists

The only way to boost demand may be lowering interest rates to boost consumption, analysts said

Did hedge funds score on masks, sanitiser amid Covid-19 crisis? Not so much

A few hedge funds increased their holdings over the first quarter in companies associated with so-called personal protective equipment

Volkswagen pays 9 million euros to legal proceedings against chairman, CEO

The court in Braunschweig was hearing charges of stock market manipulation against CEO Herbert Diess, as well as non-executive Chairman Hans Dieter Poetsch

Will keep leading virus response after Trump's threat, says WHO chief

Even as Trump has proposed quitting the WHO, the body has received backing and a two-year pledge of $2 billion in funds from China's President Xi Jinping

BoB seeks to recover $250 mn loans from NMC founder BR Shetty: Reporter

B R Shetty runs NMC, the largest private healthcare provider in the United Arab Emirates.

Swiss regulator probes Credit Suisse directors, asks for phone data: Report

Switzerland's markets watchdog FINMA is examining the culture and governance at one of Europe's largest banks