Heathrow Airport's CEO warned that up to a third of the 75,000 jobs across the airport could be at risk if the aviation sector does not recover, after passenger numbers at the London hub fell 81.5% in August because of COVID-19-related travel restrictions.
The European Union was on Friday ramping up preparations for a tumultuous end to the four-year Brexit saga as top officials prepared to brief its 27 members on British Prime Minister Boris Johnson's plan to break the divorce treaty.
Britain's Heathrow Airport said passenger numbers in August were down 81.5% compared to last year, as it repeated its call for the UK government to introduce testing as an alternative to the country's 14-day quarantine rule.
Shares in Knorr-Bremse fell 6.8% in early trade on Friday after majority investor Heinz Hermann Thiele sold 10 million shares in the German brakes maker.
Hong Kong's Cathay Pacific Airways Ltd said on Friday it would not apply for further government employment subsidies for its main business units, freeing up its ability to make major job cuts at Cathay Pacific and Cathay Dragon.
Brazilian coffee farmers and analysts are expecting losses to the country's 2021 crop due to an extended dry spell hitting most of the producing areas in the world's largest producer and exporter.
China's Shanghai Futures Exchange (ShFE) expects to roll out its alumina futures contract, which was initially scheduled for launch in 2019, by the first half of 2021, an official from the bourse said on Friday.
Hong Kong's Cathay Pacific Airways Ltd said on Friday it would not apply for further government employment subsidies for its main business units, freeing up its ability to cut jobs at Cathay Pacific and Cathay Dragon.
India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers, said two government sources and an industry official.
Boeing Co said late on Thursday it was in discussions with U.S. safety regulators about a new manufacturing issue in its 787 Dreamliner that was found last year.
A U.S. bankruptcy judge on Thursday rejected a $2.4 billion financing plan for struggling LATAM Airlines on the grounds that a convertible loan included as part of the package would amount to "improper" treatment of other shareholders.
Bayer's Chief Executive Werner Baumann won an extension of his contract until 2024, in a show of support from the drugmaker's new chairman just months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedkiller.
Nigerian President Muhammadu Buhari on Thursday directed the central bank to stop issuing foreign exchange for food and fertiliser imports, according to a statement by his spokesman.
The U.S. Labor Department said on Thursday it cited Smithfield Foods for failing to protect employees from the coronavirus, making it the first major U.S. meatpacker to face a fine after outbreaks at slaughterhouses infected thousands of workers.
An Israeli company expects to receive results in the coming week from a Beijing lab that will test whether a fabric it has developed will be able to neutralise 99% of COVID-19, even after being washed multiple times.
The U.S. Labor Department said on Thursday it cited Smithfield Foods for failing to protect employees from the coronavirus, making it the first major U.S. meatpacker to face a fine after outbreaks at slaughterhouses infected thousands of workers this spring and caused meat shortages.
American Airline's wholly-owned regional carrier Envoy is closing its bases at La Guardia and John F. Kennedy airports in New York as it "makes changes to its flying profile in 2021," according to a memo from Envoy to employees seen by Reuters.
Brazil slaughtered 12.1 million hogs in the second quarter, the highest number since records began being kept in 1997, the government's statistics agency IBGE said on Thursday, citing strong demand from Chinese buyers.