The U.S. government on Wednesday said it would maintain 15per cent tariffs on Airbus aircraft and 25per cent tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.
Hong Kong International Airport said on Thursday that passengers from mainland China would be able to transit through Hong Kong to other destinations from Aug. 15 until Oct. 15, in a boost for its dominant carrier Cathay Pacific Airways Ltd .
Lyft Inc said on Wednesday cost cuts put the company on track to reach its goal of becoming profitable on an adjusted basis by the end of 2021, even as its second-quarter revenue tumbled 61per cent due to coronavirus-related restrictions.
Facebook Inc and Snapchat owner Snap Inc held talks to buy Dubsmash, the Information reported on Wednesday, putting a spotlight on pop video apps at a time when Microsoft Corp is trying to workout a deal to buy rival TikTok.
SINGAPORE'S financial sector created 22,000 net jobs between 2015 and 2019, and of these, three out of four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on Wednesday.
United Airlines is adding up to 28 daily nonstop U.S. flights to Florida starting Nov. 6 as the Chicago-based airline bets on a rebound in leisure travelers heading to sunny skies.
Short-term home rental company Airbnb Inc's quarterly revenue plunged 67per cent as fewer people traveled due to the COVID-19 pandemic, but its plans for a stock market debut before year's end are still on, Bloomberg reported, citing people familiar with the matter.
General Motors is offering buyouts to some of its Brazilian workers, a local union said on Wednesday, as the country's No. 1 automaker struggles with the fallout from the coronavirus crisis.
Southwest Airlines Co , Ryanair Holdings Plc and easyJet Plc are the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70per cent in global air passenger traffic for 2020.
The U.S. federal budget deficit fell to US$63 billion in July, half the amount of a year earlier and down from US$864 billion in June, as a delayed July 15 tax payment deadline boosted revenues and coronavirus aid outlays shrank sharply, the U.S. Treasury said on Wednesday.
