Ryanair slashed its annual passenger target by another 10 million on Wednesday, becoming the latest European airline to signal more capacity cuts as resurgent COVID-19 infections and travel restrictions dent recovery hopes.
French carmaker Renault might have to dig deeper than the 2 billion euros of cost cuts it has already outlined to get back on its feet, new Chief Executive Luca de Meo said in an internal memo seen by Reuters.
U.S-based cancer testing startup Grail Inc, which has received funding from Amazon.com Inc founder Jeff Bezos, on Wednesday filed for a U.S. initial public offering.
Blackstone Group Inc Chief Executive Stephen Schwarzman has spent more than US$27 million so far this year backing U.S. politicians, including President Donald Trump, making him Wall Street's largest campaign contributor, according to a Reuters review of regulatory filings.
French carmaker Renault might have to dig deeper than the 2 billion euros of cost cuts it has already outlined to get back on its feet, new Chief Executive Luca de Meo said in an internal memo seen by Reuters.
China has called off its biennial airshow due to the coronavirus, a further blow to a global aviation industry heavily disrupted by the pandemic.
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
BENGALURU: Serum Institute of India said on Wednesday (Sep 9) that trials of AstraZeneca's COVID-19 vaccine candidate in the country is ongoing and has not faced any issues. AstraZeneca said it has paused global trials, including large late-stage trials, of its experimental coronavirus vaccine ...
Germany's Auto Motor und Sport said Volkswagen's new electric car, the ID.3, had fallen short of the carmaker's usual standards of fit and finish, and had a limited operating range, when it reviewed the car ahead of its launch.
FARIDABAD, India: India's biggest syringe manufacturer is ramping up production to churn out 1 billion units, anticipating a surge in demand as the global race to find a COVID-19 vaccine heats up. While the focus on tackling the pandemic has mostly been on the development of vaccines, experts say ...
