Markets

Southwest Airlines supports union efforts to convince lawmakers to extend the US$32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, for another six months, Chief Executive Gary Kelly said in a video message to employees.

Twitter Inc said on Friday it has permanently suspended the account of David Duke, a former leader of the white supremacist group Ku Klux Klan, as the social media company tries to curb the spread of hateful content on its website.

Apple Inc shares surged as much as 7.1per cent to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world's largest public company.

France's Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier Inc's rail business in a deal that will elevate it to the world's second-largest rail maker after China's CRRC Corp .

U.S. travel management firm CWT paid US$4.5 million this week to hackers who stole reams of sensitive corporate files and said they had knocked 30,000 computers offline, according to a record of the ransom negotiations seen by Reuters.

Huawei's top manager in Germany has appealed to the government not to shut it out of building 5G mobile networks, Der Spiegel said on Friday, after Britain decided to purge the Chinese firm's equipment from its network on security grounds.

Ford Motor Co said on Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan but added it will repay the loan on time by June 2022.

REUTERS: U.S. energy company Dominion Energy Inc said Friday it took a US$2.8 billion charge in the second quarter related to the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina. That pipe, and the related Supply Header project in Pennsylvania and West ......

The European Commission said on Friday it had signed a contract for SAP and Deutsche Telekom to build a software platform that would enable coronavirus contact tracing apps to exchange information.

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.