Business

American Airlines warns of as many as 13,000 layoffs

American Airlines will notify 13,000 workers that they could be laid off due to the prolonged industry downturn if the Covid-19 situation doesn't improve and US government aid is not extended, the carrier said Wednesday.

Business

Airbus irked by Spain's choice of fighter jet partner

Airbus has sharply criticised Madrid for choosing defence systems specialist Indra to coordinate Spain's participation in a Franco-German project to develop a new-generation fighter jet, in which the aviation giant is deeply ...

Business

Uber loses $2.9 billion, offloads bike and scooter business

Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.

Business

Why China is hobbling its tech sector

Scuttled listings and share prices hammered by official threats: Beijing has launched a withering and very public assault on some of China's biggest tech names.

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