Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.
Fresh political unrest in Hong Kong over Beijing’s proposed national security laws in the city hit Asian share markets on Wednesday, even as optimism about the re-opening of the world economy supported a broader global stock rally.
Oil prices fell on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
Oil prices dipped on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment.
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at curbing the spread of the coronavirus ease, spokesman Tlali Tlali said on Tuesday.
The dollar edged higher on Wednesday as worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback.
Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.
Spot gold eased 0.1% to $1,710.01 per ounce by 0301 GMT, trading near last session’s low of $1707.10, when prices dropped as much as 1.3%. U.S. gold futures were also down 0.1% to $1,703.20. Asian shares shed some of their recent gains after U.S. President Donald Trump said on Tuesday Washington was working on a strong response to China’s planned national security law for Hong Kong, adding it would be announced before the end of the week. …read more […]
Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
(Bloomberg) — TikTok parent-company ByteDance Ltd. generated more than $17 billion in revenue and more than $3 billion in net profit last year, figures that show the startup, already the most valuable in the world, is growing at a brisk rate, according to people familiar with the matter.The revenue for last year is more than double the company’s tally of about $7.4 billion in 2018. The people asked not to be identified because the financial details are private.ByteDance has emerged as one of the tech industry’s most surprising success stories, an innovative Chinese company that is challenging the global dominance …read more […]
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.
Mexico’s auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of some companies.
Russian Energy Minister Alexander Novak met with domestic major oil companies on Tuesday to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters. The meeting is a further sign that Moscow is committed to supporting any future joint steps to stabilise oil markets for as long as may be required, after slashing its production to close to its quota under the global deal. Kommersant daily, citing three sources in oil industry, said Russia may keep the current level of cuts …read more […]
Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns. The price cut comes as states after lockdowns during which demand for cars waned. It was not immediately clear by how much Tesla was cutting its prices or when the cuts would take effect. …read more […]
U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, California, factory after the easing of coronavirus lockdowns.
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