Business

Softbank-funded hotel firm Oyo lays off 10% of India staff

Indian hotel giant Oyo said Tuesday it is cutting 1,000 employees, or 10 percent of its local staff, as it battles multiple allegations including bribery and pressure from Japanese backer SoftBank to cut costs.

Business

Philippines' Cebu Pacific places $4.8 bn Airbus order

The Philippines' largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the company said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets.

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