Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavirus crisis, its boss told Reuters, seeing scope for a recovery from the second half of 2021.
Argentine grains inspectors and oilseed workers extended a wage strike into Wednesday after days of failed contract negotiations with the companies that make up the country's key soymeal export sector.
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Boeing Co said on Wednesday it was suspending annual merit salary increases in 2021 for most employees, managers and executives, as the embattled U.S. planemaker grapples with fallout from the coronavirus pandemic and 737 MAX crisis.
U.S. congressional negotiators neared a $900 billion deal to address COVID-19, including direct payments to Americans but no financial aid for states and cities and no liability protections for businesses, according to media reports on Wednesday.
Hydrogen plane startup ZeroAvia said on Wednesday it had secured $37.7 million in new cash via a funding round led by Bill Gates' Breakthrough Energy Ventures and from the British government to support its bid to develop zero-emission aircraft.
U.S. congressional negotiators neared a $900 billion deal to address COVID-19, including direct payments to Americans but no financial aid for states and cities and no liability protections for businesses, Politico reported on Wednesday.
Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavirus crisis, its boss told Reuters, seeing scope for a recovery from the second half of 2021.
Southwest Airlines Co said on Wednesday it would take delivery of Boeing Co's delayed 737 MAX aircraft and expects to receive 35 MAX 8 through the end of 2021.
Malaysian glove maker Kossan Rubber Industries Bhd said on Wednesday it has temporarily closed one of its plants after 427 workers had tested positive for COVID-19.
Britain's top court gave the go-ahead to the expansion of Heathrow Airport on Wednesday, allowing the 14 billion pound ($19 billion) plan to proceed after decades of legal battles and political wrangling.
Malaysian glove maker Kossan Rubber Industries Bhd will see production capacity reduced by nearly 25% for two weeks after 427 workers tested positive for COVID-19, media reports and analysts said.
Hong Kong's Cathay Pacific Airways Ltd expects a "significantly higher" second-half loss than its record first-half loss, driven by low demand, restructuring charges and impairments on its fleet of planes, it said on Wednesday.
The EU's chief executive said on Wednesday she could not say if there would be a trade deal with Britain but there had been progress and the next few days would be critical.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expects a "significantly higher" second-half loss than its record first-half loss, driven by low demand, restructuring charges and impairments on its fleet of planes.
Britain's competition regulator said on Wednesday it would investigate whether airlines had breached consumers' legal rights by failing to offer cash refunds for flights they could not legally take during a COVID-19 lockdown.
Estonian transportation startup Bolt said on Wednesday it had raised 150 million euros ($182 million) from investors, becoming the latest European player to win funding as the coronavirus pandemic changes the way people get around.
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