The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer Michael Schoellhorn was quoted as saying on Saturday.
The Nigerian unit of oil major Chevron plans to cut its local workforce by 25per cent to reduce costs, it said on Saturday, due to weak demand for oil in the wake of the coronavirus pandemic.
Lufthansa unit Swiss International Air Lines plans to cut roughly 1,000 jobs over the next two years through voluntary measures rather than layoffs, its outgoing Chief Executive Thomas Kluehr said in remarks published on Saturday.
Dozens of India's technology startups, chafing at Google's local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including by lodging complaints with the government and courts, executives told Reuters.
Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month's sell-off, stalled fiscal stimulus and President Donald Trump's COVID-19 diagnosis, which weighed on stocks on Friday.
The U.S. unemployment rate fell to 7.9per cent in September, from 8.4per cent in August, a big drop that in normal times would be welcome news for a presidential incumbent seeking reelection in just over a month.
Electric vehicle maker Polestar, owned by Volvo Cars and its parent China's Geely, is recalling all new Polestar 2 cars due to a software glitch, business daily Dagens Industri (DI) said on Friday.
FROM next April, Central Provident Fund (CPF) members aged below 55 under the Dependants' Protection Scheme (DPS) will pay lower premiums in return for a higher sum assured.
