Ivory Coast's economy has weathered the impact of the coronavirus better than expected and will return to growth of 7-8% next year, up from an anticipated 1.5-2% for 2020, President Alassane Ouattara said on Tuesday.
U.S. President Donald Trump used the United Nations General Assembly on Tuesday to attack China's handling of the coronavirus pandemic, saying the world body "must hold China accountable" for its actions related to the outbreak.
Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.
Colombian airline Avianca Holdings on Tuesday said it had submitted for court approval a $2 billion bankruptcy financing plan that includes a $700 million convertible loan.
The airline industry is never going to get back to the way it was before coronavirus, warned the former chief executive of British Airways-owner IAG, adding it will be smaller but more efficient in the future.
Colombian airline Avianca Holdings on Tuesday said it had submitted for court approval a $2 billion bankruptcy financing plan that includes a $700 million convertible loan partly funded by United Airlines Holdings.
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Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing MAX’s return to service and disclose any internal objections raised by FAA employees.
Ralph Lauren Corp has decided to cut its global workforce by the end of its fiscal year as part of a company-wide restructuring to focus more on online sales, it said on Tuesday.
Global airlines on Tuesday called for pre-departure COVID-19 testing for all international passengers to replace the quarantines they blame for exacerbating the travel slump.
Top U.S. asset managers BlackRock Inc and JPMorgan Chase & Co were divided in their support of climate-related proxy resolutions at corporate meetings this year, two analyses showed on Tuesday, underscoring the industry's mixed appetite for the vehicles ahead of a key rulemaking.
South African retailer Retailability Ltd plans to reposition Edgars as a mass market brand catering to fashion and beauty products and exit from its homeware division, its chief executive told Reuters on Monday.
The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters.
Tesla Chief Executive Elon Musk warned on Tuesday about the difficulties of speeding up production as an expert cautioned the carmaker's increased reliance on large-scale aluminium parts could bring new manufacturing challenges.
Britain and the United States exchanged their first tariff offers during the fourth round of trade talks, allowing a series of detailed market access discussions to be held, the UK's Trade Secretary Liz Truss said on Tuesday.
Buyout group Permira has agreed to buy German pharma group Neuraxpharm as it seeks to benefit from an expected surge in demand for the company's antidepressants, painkillers and other products for the central nervous system.
Britain's FTSE 100 index is seen opening 33 points higher on Tuesday, according to financial bookmakers, with futures up 0.4% ahead of the cash market open.
The air travel market has shifted toward last-minute bookings, one-way flights and more domestic trips as consumers grapple with fast-moving changes due to the coronavirus pandemic, a report from online search and booking site Skyscanner shows.
Top U.S. asset managers BlackRock Inc and JPMorgan Chase & Co were divided in their support of climate-related proxy resolutions at corporate meetings this year, two analyses showed on Tuesday, underscoring the industry's mixed appetite for the vehicles ahead of a key rulemaking.
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