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British Airways owner IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros ($2.88 billion) to keep the business afloat and avoid a government bailout, several sources said.

The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft that have been in storage, warning they could have corrosion that could lead to a dual-engine failure.

South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended June 30 slumped 17.2% after its stores were shut for some of the period due to a COVID-19 lockdown.

Iran said on Friday a U.S. fighter jet "harassed" an Iranian civilian airliner in an act of terrorism which injured and panicked passengers, dismissing a U.S. account that the jet was merely conducting a visual inspection.

The number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China's aviation regulator said on Friday, as the aviation industry recovers from the plunge in travel demand caused by the COVID-19 pandemic.

The transcript from the black boxes from a Ukrainian jet accidentally shot down by Iran on Jan. 8 confirm the fact of illegal interference with the plane, Ukraine's deputy foreign minister wrote on Twitter on Friday.

Thai shares led a slide in emerging Asian markets on Friday as a bigger-than-expected drop in June exports added to the impact on sentiment across the region from the diplomatic spat between China and the United States.

British Airways-owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.

France's Thales slashed financial forecasts for the year on Friday after seeing its profits fall by more than half in the first half, "heavily impacted" by the coronavirus crisis.

Britain's FTSE 100 index is seen opening 57 points lower at 6,155 on Friday, according to financial bookmakers, with futures down 1.2% ahead of cash markets open.

South African department stores chain Woolworths Holdings flagged a small fall in annual sales after its non-food stores were shut in the second-half of its financial year due to COVID-19 lockdowns.

British Airways owner International Airlines Group on Friday said it had signed a multi-year renewal agreement with American Express, extending its worldwide commercial partnership with the payments company.

European planemaker Airbus on Friday made what it described as a final step aimed at halting a transatlantic trade war over billions of dollars of aircraft subsidies.

China has returned in full force to the U.S. soybean market following the trade dispute that began two years ago, giving American exporters hope that the upcoming shipping season will be their most successful in three years.

South African retailer Woolworths Holdings flagged a marginal decline in annual sales as its stores were shut in the second-half of the financial year due to COVID-19 lockdowns.

Emerging Asian stock markets sank but currencies were mixed against a weakened U.S. dollar on Friday as China made a tit-for-tat move by ordering the U.S. consulate in Chengdu to shut, stoking fears over relations between the world's two largest economies.

Britain's FTSE 100 index is seen opening 57 points lower at 6,155 on Friday, according to financial bookmakers.

France's Thales slashed financial forecasts for the year on Friday after seeing its profits fall by more than half in the first half, "heavily impacted" by the coronavirus crisis.

Australians' deepening raid on their pension funds is driving a surge in debt repayments, which analysts say makes for a double-whammy on the domestic stock market and its dominant big banks as the country sinks into its first recession in a generation.

Brooks Brothers said on Thursday it entered into a $305 million "stalking horse" purchase agreement with retailer SPARC Group LLC, in a move that could preserve the apparel brand as a going concern and help its operations in at least 125 stores.