Airbus is working on hybrid-electric propulsion among the options for reducing jetliner emissions, the European planemaker said on Friday.
British Airways-owner IAG posted a loss of 4.37 billion euros (US$5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it could not say what would happen in 2021.
A Rossiya Airlines Boeing 777 cargo plane made an emergency landing at Moscow's Sheremetyevo airport on Friday due to a problem with an engine control sensor, said airline said.
China's Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm's capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.
PARIS: European planemaker Airbus on Friday (Feb 26) joined a growing list of companies outlining the environmental impact of their products, as aviation aims to reshape itself after the COVID-19 crisis. Major companies are under increasing pressure from investors and climate change activists to ...
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding that French food group Danone finds a new chief executive.
SINGAPORE: Singaporean commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday (Feb 26) that it plans to list its food ingredients segment by the first half of next year. The carve-out and separation of Olam Food ...
SEOUL: Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three people with knowledge of the matter said. The shortage has forced production cuts worldwide ...
BEIJING: China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by US sanctions, explores a strategic shift. Huawei Technologies is in talks with state-owned ...
LONDON: As the finance industry prepares for life post-pandemic, commercial banks are moving quickly to harness working from home to cut costs, while investment banks are keen to get traders and advisers back to the office. HSBC and Lloyds are getting rid of as much as 40 per cent...
