Business

American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID19 pandemic continues to weigh on air travel, unless the government extends aid for airline employee payrolls.

China is actively considering the establishment of a BRICS innovation base in the country in order to strengthen practical cooperation with the BRICS bloc, Xiao said.

The Belarus central bank will not introduce capital controls to prevent the depreciation of the Belarusian rouble as these would be counterproductive, central bank board member Dmitry Murin told Reuters on Tuesday.

Qantas Airways Ltd announced plans to cut up to 2,500 more jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a A$10 billion ($7.17 billion) revenue hit due to the pandemic this financial year.

Video app TikTok said it will wage a legal fight against the Trump Administration's efforts to ban the popular, Chineseowned service over nationalsecurity concerns.

Brazil's economy likely cratered 9.4% under the impact of the coronavirus outbreak in the country during the second quarter, the worst threemonth period ever, a Reuters poll showed.

Taiwan on Monday gave the domestic branch of Alibaba Group Holding Ltd's ecommerce site Taobao six months to reregister as a Chinese investment rather than a foreign one, or leave, in the government's latest shot against Chinese firms.

Global stock markets and U.S. futures rose Monday after Wall Street hit a new high despite lingering unease about a possible new wave of coronavirus infections.

Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms.

For small retailers across the country, the coronavirus outbreak has turned an already challenging business environment into neverending uncertainty.

The U.S. unit of diversified Canadian miner Northern Dynasty Minerals Ltd on Saturday denied a media report that said the administration of U.S. President Donald Trump plans to block its proposed Pebble Mine in Alaska early next week.

On Friday, gold futures in India, traditionally the world's second biggest gold consumer after China, were trading around 51,800 rupees ($691.24) per 10 grams, having surged to a record high of 56,191 rupees earlier this month.

Under the partnership, Sastodeal will host over 5,000 products from Flipkart marketplace sellers operating across the categories of babycare and kids, audio devices, men's clothing, women's ethnic wear, and sports and fitness, among others, in turn openin...

Global shares were mostly higher Friday on hopes for a coronavirus vaccine, although worries remained about longterm economic damage from the pandemic.

According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.

Fourteen sailors were missing Friday after two ships collided in the Yellow Sea east of Shanghai, Chinese authorities reported.