Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion in online luxury fashion retailer Farfetch Ltd and its new marketplace in China, as online demand for luxury goods booms in the Asian country.
Richemont is not for sale and the Rupert family will remain a shareholder, Chairman Johann Rupert told investors on a call on Friday, adding he has recommended that family members not assume executive roles in the company.
The German government believes flag carrier airline Lufthansa could need more money next year, Der Spiegel magazine reported, citing an internal government document.
Online luxury fashion retailer Farfetch Ltd will cease operations with JD.com, after receiving investment from Alibaba Group and Swiss group Richemont, a source with knowledge of the matter said.
British airline easyJet said recently announced lockdowns in England, Germany and France had forced it to scale back its already reduced flying schedule, and it would now fly no more than 20% of capacity for the rest of the year.
An unofficial Chinese ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021, traders and analysts said.
Japan Airlines Co Ltd on Friday said it would raise up to 168 billion yen ($1.62 billion) by selling new shares to shore up its finances as the COVID-19 pandemic hits air travel.
Japan Airlines Co Ltd said on Friday it will raise up to 168 billion yen ($1.62 billion) through a public offering and third-party allotment of shares to shore up its finances as the COVID-19 pandemic hits air travel.
Australia said on Friday it was closely monitoring exports to China amid "deeply troubling" reports that Chinese buyers have been told not to purchase seven categories of Australian goods ranging from coal to wine, further souring diplomatic tensions.
Thai Airways International PCL said on Friday it was looking for potential buyers for 34 used Airbus SE and Boeing Co planes as part of its restructuring plan.
Global jet fuel consumption remains severely affected by the uneven recovery in aviation; cargo volumes have rebounded but cross-border passenger flying remains blocked by quarantine restrictions in many countries.
Chile state miner Codelco said on Thursday it would press ahead with a plan to search for lithium in its Maricunga salt flat holdings after receiving a green light from local environmental regulators.
Canada is finally close to an aid package for airlines that will likely offer low-interest loans to carriers versus taking outright stakes, three sources say, eight months after the COVID-19 pandemic decimated air travel.
British Airways will reduce its flight schedule this month after the UK government put further restrictions on leisure travel to try to curb the spread of coronavirus.
Money owed to aircraft lessors and some creditors of South African Airways is not covered by a 10.5 billion rand ($665 million) government bailout, SAA's administrators said.
Britain's easyJet said it had not made a formal request for government funding, responding to a report in business magazine Wirtschaftswoche which said that the airline was in talks with Germany about receiving state aid.
Canada Goose Holdings Inc beat estimates for quarterly revenue on Thursday, as higher online sales and strong demand for its $1,000 parkas in China helped the company cushion a hit from weak wholesale business.
Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, expects air traffic to start rebounding by the middle of next year and is looking for more deals with airlines to buy and lease back their jets.
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