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Airlines would receive US$17 billion in new COVID-19 relief proposal: sources

U.S. airlines would receive US$17 billion for four months of payroll support under a new US$908 billion bipartisan Senate COVID-19 relief proposal, two people familiar with the matter said.

Markets

China successfully lands spacecraft on moon to retrieve lunar rocks

China successfully landed a spacecraft on the moon's surface on Tuesday in a historic mission to retrieve lunar surface samples, Chinese state media reported.

Markets

Volkswagen faces leadership crisis as CEO demands confidence vote

Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension.

Markets

Airbnb aims for up to US$35 billion valuation in long-awaited IPO

Airbnb Inc is aiming for a valuation of nearly US$35 billion in what will be the last blockbuster U.S. IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by the COVID-19 pandemic earlier this year.

Markets

Nasdaq proposes board diversity requirement for listed companies

Nasdaq Inc on Tuesday filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting.

Markets

Facebook-backed digital coin Libra renamed Diem in quest for approval

Facebook-backed cryptocurrency Libra has been rebranded "Diem" in a renewed effort to gain regulatory approval by stressing the project's independence.

Markets

Wall Street set for strong start to December on vaccine optimism

Wall Street's main indexes were set to open higher on Tuesday as better-than-expected factory data from China and hopes that a COVID-19 vaccine will be rolled out before the end of the year bolstered bets of a speedy economic recovery.

Markets

COVID-19 vaccine sprint as Pfizer-BioNTech, Moderna seek emergency EU approval

Moderna and Pfizer-BioNTech are in a tight race to launch their COVID-19 vaccines in Europe after both applied for emergency EU approval on Tuesday, though there was uncertainty over whether a rollout could begin this year.

Markets

BlackBerry and Amazon team up on vehicle data and software platform

Canadian technology specialist BlackBerry and e-commerce titan Amazon have developed a cloud-based software platform designed to help automakers and suppliers standardize vehicle data and speed deployment of new revenue-generating features and services, the companies said on Tuesday.

Markets

Bitcoin off record highs, slumps 7per cent in volatile trade

Bitcoin fell 5.6per cent against the dollar on Tuesday, after hitting a record high earlier in the day.

Markets

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