Business & Finance News
Dubai state-owned airline Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices.
(This Nov. 4 corrects to clarify reduction applies to Amazon Fresh service only, in headline and paragraphs 1,3,5)
The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters, as it faces political pressure in the United States.
Replacing all Pratt & Whitney engines on IndiGo’s fleet of almost 100 Airbus planes by Jan. 31, as ordered by India’s aviation watchdog, will be challenging but the airline aims to complete the work, its chief executive officer said on Monday.
German carmaker Volkswagen on Monday cut its medium-term outlook for operating profit as the industry is being hit by a global downturn.
Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices.
World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
Dubai state-owned airline Emirates [EMIRA.UL] was close to a deal on Monday to finalize at least part of a provisional order for 70 wide-body aircraft from Europe’s Airbus , industry sources said.
(This November 16 story has been refiled to correct the number in the headline)
Abu Dhabi-based Etihad Airways still has a long way to go to become profitable, Group CEO Tony Douglas said on Monday.
UBS’s Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources.
ArcelorMittal is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday.
Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world’s second-largest economy.
The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said.
Jazeera Airways is not happy with Airbus production delays that have delayed delivery of aircraft to the airline and it has not plans to place an aircraft order at this week’s Dubai Airshow, its chief executive said.
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