Business

Renault risks 'junk' credit rating, S&P warns

French automaker Renault could see its main long-term credit rating cut to below investment grade by Standard and Poor's, the agency said Wednesday, just days after Moody's lowered its own rating to "junk" status.

Business

Britain strikes last-minute deal to keep Flybe flying

The UK government announced a last-minute rescue deal Tuesday for the troubled no-frills airline Flybe aimed at keeping Europe's largest regional carrier flying and preserving around 2,000 jobs.

Security

Beijing eyes facial recognition tech for metro security

Beijing will use facial recognition tools to speed up security checks in the city's overcrowded metro, using a 'credit system' to sort passengers into different channels, state-run media reported on Wednesday.

Business

Russia aims high with new passenger plane

Russia on Wednesday unveiled to clients its new MC-21 passenger plane, billed as a competitor to Boeing and Airbus even though the project has been stymied by sanctions and glitches with its predecessor, the Sukhoi Superjet.

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