Automotive

Brazil's Embraer to start building flying taxis

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture flying taxis that could take off as soon as 2026.

Automotive

Vietnam's VinFast struggles to sell electric cars at home

Vietnam's VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk's Tesla, but it is struggling to find buyers for its cars at home.

Business

Philips cuts 6,000 jobs after sleep device recall

Embattled Dutch medical tech maker Philips said Monday that it would slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.

Business

British Airways parent IAG logs vast loss on virus

IAG, the owner of British Airways and Spanish carrier Iberia, dived into a net loss of 1.76 billion euros ($2.1 billion) in the third quarter on coronavirus fallout, it said Friday.

Business

Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the coronavirus pandemic.

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