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LATAM Airlines will fire "at least" 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse due to the COVID-19 pandemic.

Kuwait has banned until further notice commercial flights to 31 countries it regards as high risk due to the spread of the coronavirus, the Directorate General of Civil Aviation said on Saturday.

Chilean regulators have rejected lithium producer SQM's $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed.

Cathay Pacific Airways Ltd said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.

Boeing supplier Spirit AeroSystems Holdings said on Friday it was cutting 1,100 jobs in its commercial programs due to the most recent production rate reduction on the 737 MAX and the ongoing coronavirus outbreak.

Argentine President Alberto Fernandez has annulled his decree ordering the government's intervention in cash-strapped soy meal giant Vicentin, according to a tweet sent by the Peronist leader late on Friday.

British Airways pilots have accepted a deal that will temporarily cut pay by 20% and eliminate more than 200 jobs, the pilots' union said on Friday.

Major U.S. airlines are pressing U.S. lawmakers for a six-month extension of the $32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, warning that some flights may disappear otherwise and more jobs are at risk.

Chinese commodities trader COFCO International has named Andrew Wong Mui Sang as managing director of the Asian-Pacific (Apac) region, effective on Aug. 3, the company said on Friday.

Ryanair has initiated legal proceedings against Ireland, questioning the legality of travel restrictions that have kept a quarantine policy in place for all but 15 countries, the airline said on Friday.

In trading on Friday, shares of United States Steel Corp. (Symbol: X) entered into oversold territory, changing hands as low as $6.68 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mom

Brazil's Gol Linhas Aereas Inteligentes on Friday said its daily cash burn could rise by as much as four times in the next three months compared to the second quarter, adding to 2020 losses already totaling 4.3 billion reais ($823.3 million).

Thai Airways International Pcl expects the bankruptcy court to allow for a rehabilitation process after a hearing next month on its restructuring proposals, its legal advisor told a shareholders meeting on Friday.

Oil prices rose in overnight trading and are on track for monthly gains, benefiting from a weaker dollar which continued to be hit by concerns over the recovery of the U.S. economy as the coronavirus ravages economic output.

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Brazil's Gol Linhas Aereas Inteligentes on Friday reported a net loss of 2 billion reais ($387 million) for the second quarter, a period during which carriers around the world were heavily affected by the coronavirus pandemic.

Chinese regulators said they would penalise Luckin Coffee after confirming accounting fraud that has already forced the company to delist from the U.S. Nasdaq exchange.

Under Armour Inc reported a smaller-than-expected quarterly loss on Friday, as it sold more merchandise online with customers staying at home during the coronavirus lockdowns, sending its shares up about 16% in premarket trading.

Sportswear maker Under Armour Inc beat analysts' estimates for quarterly revenue on Friday, as consumers shopped more online during the coronavirus lockdowns, sending its shares up about 8% in premarket trading.