Evergrande Canvassing Creditors' Support Against Winding-up Petition -source
China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter.
Norway Could Allow Airline SAS To Convert Debt To Equity
Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long-term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday.
Analysis-Meme Stock Investors Place Risky Bet On Bankrupt Revlon Being The Next Hertz
Even for a veteran meme stock trader like Mike Minutelli, Revlon Inc is a wild bet.
Analysis-UK's Brexit woes threaten another flagship policy: levelling-up
Dashed hopes, so far at least, that Brexit would tilt Britain's economy towards growth driven by trade and investment are threatening another of Prime Minister Boris Johnson's flagship policies: "levelling up" the regions outside of London.
Crisis-hit Sri Lanka Plans Donor Conference With China, India And Japan
Sri Lanka will call China, India and Japan to a donor conference to drum up more foreign assistance to find a way out of its worsening economic crisis, the prime minister said on Wednesday, amid ongoing talks with the International Monetary Fund (IMF).
Europe's summer of discontent reveals travel sector labour crisis
After 21 years as a service agent at Air France, Karim Djeffal left his job during the COVID-19 pandemic to start his own job-coaching consultancy.
Exclusive-Barclays veteran trader Nat Tyce to leave bank - memo
Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank's highest-flying divisions.
EDF Hopeful End In Sight For Long-delayed, Budget-busting Nuclear Plant
At a sprawling nuclear site in north western France, a banner next to a crane and a still-under-construction water reservoir confidently states: "Final stretch to get Flamanville 3 started safely and securely."
UK Lenders No Longer Too Big To Fail, Says BoE
The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer "too big to fail" in any future crisis, though it found shortcomings at three major banks.
Airline SAS Will Get No More Cash From Swedish Government
The Swedish government will not inject new capital into loss-making airline SAS and does not aim to be a long-term shareholder in the company, Industry Minister Karl-Petter Thorwaldsson told a news conference on Tuesday.
Analysis-Crypto crash leaves El Salvador with no easy exit from worsening crisis
Bitcoin has fallen 45% since El Salvador officially adopted it in early September, and 26% from its May high as crypto assets have been swept up in a risk-off investing environment.
Temporary aid can offset inflation hit to families: IMF official
Governments can alleviate impact of the price jumps with "targeted measures to try to support vulnerable populations"
Apple puts India iPhone plant 'on probation' after mass food poisoning
The factory makes iPhones for the Indian market and for export, as well as other gadgets.
Australia's Qantas to furlough 2,500 workers
Qantas said staff will be paid for two weeks before the change comes into effect.
Fire and rehire: Britain's new labour battleground?
An investigation by Britain's Observer newspaper claimed that nine of 13 companies accused of firing and rehiring made profits or increased executive pay.
Neymar throws tantrum, gets sent off as PSG loses top spot to Lille
Neymar was shown a second yellow card in PSG's 1-0 loss against Lille.
Why the US has the highest Covid-19 death toll
According to the Johns Hopkins University tally, another 1,297 virus-related deaths were reported on Monday in the United States.
Stocks move higher, Bitcoin touches new record
Bitcoin struck a fresh high of $48,663.05 as the cryptocurrency gained further mainstream support.
Coca-Cola to cut 2,200 jobs globally
The move follows Coca-Cola's August announcement of plans to streamline operations.
G20 throws weight behind global Covid-19 vaccine access at summit
Some Western officials have indicated human rights will not be raised at the summit, saying they prefer to use bilateral forums to discuss the issue with Riyadh.
New York fights virus resurgence as Trump touts vaccine breakthrough
The US has by far the worst death toll with almost 245,000 deaths, according to Johns Hopkins, ahead of Brazil on 164,281 and India on 128,668 dead.
Ellen DeGeneres assures employee support as her digital venture deals with redundancies
Ellen Digital Ventures, a digital extension of The Ellen DeGeneres Show, was recently hit by redundancies.
Cathay Pacific to cut thousands of jobs, close subsidiary airline
Airlines are hopeful that better testing procedures at airports and "travel bubbles" between countries might encourage more people to fly.
Dutch minister says survival of Air France-KLM 'not a given'
Air France said it would cut almost 7,600 jobs by the end of 2022 and KLM up to 5,000 jobs.
'Ellen DeGeneres Show' season 18 premiere to address controversial 'toxic work culture'
'Ellen DeGeneres Show' is set to premiere in the third week of September with a season opener featuring Tiffanny Haddish.
Is this the end of Lionel Messi in Barcelona?
Manchester City is reportedly eager to sign Messi if the six-time Ballon d'Or winner chooses to leave Barcelona.
Formula 1: Sebastian Vettel set to leave Ferrari when season ends
Lewis Hamilton's contract with Mercedes will also end after this season. However, he will likely stay.
British Airways parent dives into huge quarterly loss
The company suffered a huge net loss of 1.68 billion euros ($1.8 billion) in the three months to the end of March.
Virgin Australia collapses under coronavirus strain
The airline was more than Aus$5 billion ($3.2 billion) in debt and had appealed for a Aus$1.4 billion loan to stay afloat.
UK hospitality sector urges help to combat virus woes
Monday's "social distancing" announcement sparked concern about the impact on business, especially in the hospitality industry.