The chief executive of European planemaker Airbus has warned staff it may have to carry out compulsory layoffs after air travel failed to recover as quickly as anticipated from the coronavirus crisis, a letter seen by Reuters showed.
Delta Air Lines said on Monday it is seeking to raise US$6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a drastic downturn in travel demand due to the COVID-19 pandemic.
Shares of Nvidia Corp rose 6per cent on Monday after it announced a US$40 billion deal to buy UK-based chip designer Arm from Japan's SoftBank Group Corp that, if completed, would be the chip industry's biggest ever merger.
REUTERS: Scientific Games Corp said on Monday a group of investors, including Caledonia Investments Plc, would acquire a 34.9per cent stake in the gambling products company from stockholder MacAndrews & Forbes Inc at US$28 per share. (Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)
U.S. satellite TV provider Dish Network, racing to build a 5G network in the United States by 2023, has turned to Finland's Nokia to supply 5G core software.
A "mini-deal" struck last month to remove EU tariffs on U.S. lobsters is unlikely to be followed swiftly by similar accords, given transatlantic differences over agriculture, EU Vice President Valdis Dombrovskis said on Monday.
The days of marquee global investment banks being shoo-ins for stock market listings could be coming to an end, in Brazil at least.
TOKYO: SoftBank Group Corp said on Monday it set the offering price for the sale of shares in wireless carrier SoftBank Corp at 1,204.50 yen per share, giving the sale a value of 1.24 trillion yen (US$11.7 billion) including over-allotment. SoftBank Group said late last month it would slash...
REUTERS: Alibaba Group Holding Ltd is in talks to invest US$3 billion into Southeast Asia's biggest ridehailing firm Grab Holdings Inc, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-09-14/alibaba-in-talks-to-invest-3-billion-in-grab-ride-hailing-giant?sref=SCAzRb9t on Monday ...
Alibaba Group Holding Ltd is in talks to invest US$3 billion into Southeast Asia's biggest ridehailing firm Grab Holdings Inc, Bloomberg News reported on Monday, citing people familiar with the matter.
