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Brazilian labor prosecutors have taken legal action against meatpacker JBS SA for alleged violation of indigenous workers' rights after 40 were fired from a plant in southern Brazil, according to court filings and one of the prosecutors on the case.
Qatar Airways Chief Executive Akbar al-Baker on Tuesday warned Airbus and Boeing against resisting the airline's requests to defer aircraft deliveries, in a battle over who should bear the strain of the coronavirus crisis.
The novel coronavirus has disrupted the global economy to an extent never seen before. The shutdowns imposed to slow its spread have sent economic output crashing, caused financial market panic and curtailed travel, leisure and social life more severely than many wars have.
The parent of India's largest airline IndiGo reported a quarterly loss on Tuesday as expenses rose, and did not provide a forecast on capacity due to a hit to operations from the COVID-19 pandemic.
The residents of New Madrid County cheered in 2018 when a bankrupt aluminum smelter that rises over the Missouri region’s vast farm fields restarted operations and hiring, thanks to aluminum tariffs levied in President Donald Trump’s trade war.
Industrial metals such as copper have clawed their way back from coronavirus crisis lows, with the London Metal Exchange (LME) index of leading base metals contracts 12% off its March trough.
Interglobe Aviation Ltd, which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.
The world's No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company's chief executive told Reuters.
Virgin Australia Holdings Ltd's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.
India's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said on Tuesday.
Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to "ensure survival" as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.
Stitch Fix Inc said on Monday it plans to cut up to 1,400 jobs in California and invest in other U.S. states where the apparel seller would offer new roles to all those affected.
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday night.
Reuters
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23 minutes 28 seconds ago
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