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Norwegian Air, which has grounded most of its fleet due to the COVID-19 outbreak, is seeking approval from shareholders to potentially issue more shares at short notice as part of its recovery plan, the budget airline said on Tuesday.

There is no point having an 11th-hour Brexit free trade deal, so the format and pace of negotiations with the European Union needs to change, a junior minister said on Tuesday.

Britain said on Tuesday that the political declaration it agreed with the European Union is not a treaty and so there are differences of interpretation over it and the bloc cannot set itself up as the ultimate adjudicator of those differences.

U.S. luxury jeweler Tiffany & Co said on Tuesday it had amended certain of its debt agreements in order to have sufficient liquidity to navigate the coronavirus outbreak as it posted a 43% slump in quarterly sales.

South African state airline SA Express escaped liquidation on Tuesday, after a judge granted a three-month delay in liquidation proceedings, giving the government more time to clarify its plans for the domestic and regional carrier.

U.S. luxury jeweler Tiffany & Co said on Tuesday it had received antitrust clearances from Mexican and Russian authorities to go ahead with its $16.2-billion purchase by French giant LVMH.

Abu Dhabi's Etihad Airways is to operate a rare, second flight to Israel on Tuesday carrying medical aid to be delivered to the Palestinians, an airline spokeswoman said.

France launched what it said was a 15 billion euro ($17 billion) rescue plan for its aerospace industry on Tuesday, warning 100,000 jobs were directly at stake due to the coronavirus crisis travel slump.

The equity rally fuelled by optimism over economic recovery from the coronavirus pandemic looks like it might be losing some steam, despite more good news from some key financial centres.

France on Tuesday unveiled what it described as a 15-billion-euro ($16.9 billion) support package for its aerospace industry, saying huge numbers of jobs were at stake amid a slump in air travel demand due to the coronavirus crisis.

Travel corridors allowing unrestricted movement between Britain and some other countries will open from June 29, a UK tourism lobby group said on Tuesday, citing assurances it said it received from senior government sources.

Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the coronavirus pandemic.

South Korea's Hyundai Development Co said on Tuesday it wants new terms for its acquisition of Asiana Airlines after debt at the troubled carrier increased by some $3.8 billion.

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production with the help of tax revenues, two government and two industry officials told Reuters.

Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.

South Korea's Hyundai Development Co said on Tuesday it has told creditors of Asiana Airlines it wants to reconsider the terms of buying the troubled carrier due to "unexpected negative situations coming to light".

Hong Kong's Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday pending announcements.

Administrators in charge of South Africa's Edcon have proposed a sales process that may lead to job redundancies in "significant numbers", after the retailer filed for a form of bankruptcy protection in April.

The U.S. Environmental Protection Agency said on Monday that farmers can use existing supplies of an agricultural weed killer linked to crop damage, after a federal court blocked sales and use of the product last week.

U.S. pork exports to China hit an all-time high in April, but exports to all other destinations fell near four-year lows as the U.S. product has become pricier.