Virgin Australia Holdings Ltd said on Wednesday it would make permanent cuts to one-third of its workforce and focus on being a short-haul Boeing Co 737 operator as part of a new business plan under the ownership of Bain Capital.
China Hongqiao Group, the world's biggest aluminium producer, has left the International Aluminium Institute (IAI) only four years after joining the global industry body for the metal used in everything from cars to cans.
Senior U.S. and Chinese officials will review the implementation of a Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during an Aug. 15 videoconference, two people familiar with the plans said.
Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
Virgin Atlantic Airways Ltd is seeking protection from creditors under Chapter 15 of the U.S.
Bankruptcy Code, according to a court filing made in the southern district of New York on Tuesday.
American Airlines Co and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday.
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Belgian postal company Bpost reconfirmed its previous guidance on Tuesday as it saw strong growth in its parcels and e-commerce logistics that accelerated under COVID-19.
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German minerals miner K+S has shortlisted hedge fund billionaire James Simons' family office as well as private equity firms for a sale of its $2 billion Morton Salt business, people familiar with the matter said.
German minerals miner K+S has shortlisted hedge fund billionaire James Simons' family office as well as private equity firms in the sale of its $2 billion Morton Salt unit, people familiar with the matter said.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Jordan's state grain buyer, the Trade Ministry, on Tuesday issued a new tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said.
Brazil's antitrust regulator approved the takeover of Bunge's local mayonnaise and margarine business by Seara, part of Brazilian meatpacker JBS SA, according to the government's official gazette on Tuesday.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
China Hongqiao Group, the world's biggest aluminium producer, has left the International Aluminium Institute (IAI) only four years after joining the global industry body for the metal used in everything from cars to cans.
Europe's air safety watchdog has no firm date for Boeing's grounded 737 MAX to resume flights, it said on Tuesday, adding that the U.S. planemaker had some more work to do before a 17-month-old safety ban could be lifted in Europe.
Kuwaiti aircraft leasing company Alafco will buy fewer aircraft from Boeing after reaching an agreement to end its legal claim over a cancelled 737 MAX order, it said on Tuesday.
Reuters
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