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Trump administration rolls back US inspection rules for egg products

The Trump administration said on Wednesday it will stop requiring U.S. plants that produce egg products to have full-time government inspectors, in the first update of inspection methods in 50 years.

Markets

Ex-VW CEO to face charges of organized commercial fraud

Former Volkswagen Chief Executive Martin Winterkorn will face charges of conspiracy to commit organised commercial fraud with a high likelihood of conviction, a court probing the carmaker's diesel emissions scandal said on Wednesday.

Markets

Walmart to test drone delivery of grocery, household items

Walmart Inc said on Wednesday it would run a pilot project for delivery of grocery and household products through automated drones, along with end-to-end delivery firm Flytrex, as the U.S. retailer looks to beef up its delivery business.

Markets

United Airlines cuts third-quarter capacity, revenue forecasts

CHICAGO: United Airlines on Wednesday (Sep 9) forecast a bigger drop in third-quarter passenger revenue than its own expectations and said it would look to cancel more flights until it sees a recovery in air travel. United said it now expects an 85 per cent drop in passenger revenue,...

Markets

Ryanair steels for winter ‘write-off’ as travel gloom deepens

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.

Markets

Renault’s De Meo says more cost cuts may be needed: memo

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.

Markets

Jeff Bezos-backed cancer testing company Grail files for US IPO

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.

Markets

Blackstone’s Schwarzman emerges as Wall Street’s top political donor

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.

Markets

Exclusive: Renault’s De Meo eyeing possible further cost cuts – memo

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.

Markets

China’s biggest airshow cancelled for first time over COVID-19 pandemic

China has called off its biennial airshow due to the coronavirus, a further blow to a global aviation industry heavily disrupted by the pandemic.

Markets

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