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Scandinavian Airlines said Tuesday it is getting an aid package worth 14.25 billion kronor ($1.5 billion) after an agreement with its main shareholders, securing the carrier’s survival amid the COVID-19 crisis. The governments of Sweden and Denmark, which own shares
Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date. Z Holdings Corp., which operates Yahoo Japan, and Naver
World shares were mixed on Tuesday, with European benchmarks falling after a day of gains in Asia that carried over from a rally on Wall Street. Asian shares were buoyed by stronger than expected manufacturing data from China. But other
Why did India just ban TikTok?
India announced on Monday that it is banning ByteDance’s TikTok, Alibaba’s UC Browser, Tencent’s WeChat, and more than 50 other, mostly Chinese-owned, mobile apps. Why? Well, the Indian Ministry of Information and Broadcasting said in a statement that the apps
China’s factory activity expanded at a stronger pace in June after the government lifted lockdowns and stepped up investment, but persistent weakness in export orders suggests the coronavirus crisis will remain a drag on the economy for some time. The
Safe-haven currencies were on the backfoot on Tuesday as hopes of an economic turnaround boosted riskier assets like the Aussie and yuan, although worries about a blowout in British public spending kept the pound under pressure. Spurring fresh optimism on
Wirecard North America Inc, a unit of German payments company Wirecard AG, on Monday said it has put itself up for sale, days after the troubled parent firm filed for insolvency. The U.S.-based unit, which was bought by Wirecard in
World shares slipped Monday as rising virus cases caused some governments to backtrack on pandemic reopenings, or to warn they might have to. Investors have been banking on businesses continuing to reopen, helping to drive a recovery from the worst
Japan’s Takeda expects $200 million operating loss related to Novartis’ Xiidra withdrawal
Takeda Pharmaceutical Co Ltd (4502.T) said on Monday it anticipates an operating loss of about $200 million related to Novartis AG’s decision to withdraw a marketing application for the dry-eye drug Xiidra. The drug was one of the products Takeda
China’s factory activity likely grew for the fourth month June but the pace may be waning, as global demand stayed subdued while a fresh coronavirus outbreak in the Chinese capital and rising worldwide cases threaten to undermine a gradual domestic