Category: Business

Smithfield Foods, the world’s biggest pork processor, said workers cannot be socially distant in all areas of its plants, in response to U.S. senators who pressed meatpackers on coronavirus outbreaks in slaughterhouses. Meatpackers are under mounting pressure to protect workers after more than 16,000 employees in 23 states were infected with COVID-19 and 86 workers […]

Signs of trepidation over the lasting impact of the U.S. coronavirus pandemic are growing on Wall Street, fanned by resurgent case numbers, the prospect of a slower rebound in growth and rising political uncertainty. As a U.S. equity rally stalled this week, investors poured a net $24.5 billion into bonds, the third largest weekly inflows […]

Boeing Co (BA.N) is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry’s largest jetliners. Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn […]

HSBC on Saturday denied Chinese media reports that it had “framed” Huawei Technologies and played a role in the arrest of the chief financial officer (CFO) of the world’s biggest telecoms equipment maker. In a statement posted on the bank’s Chinese WeChat messaging service account, the London-headquartered lender said it did not participate in the […]

EasyJet (EZJ.L) and British Airways (ICAG.L) told customers on Saturday they did not plan to cancel flights over the coming days, after Britain’s government advised against all non-essential travel to mainland Spain due to COVID-19. Earlier on Saturday TUI (TUIT.L) (TUIGn.DE), Europe’s largest tour operator, said it was cancelling all holiday departures scheduled for Sunday. […]

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps. The case comes weeks after India cited security concerns in banning Alibaba’s UC News, UC […]

A pick-up in leisure trips and easing European travel restrictions are driving demand for business jet flights this summer, fueling cautious hopes for a rebound in an industry hit hard by the coronavirus pandemic, executives and forecasters said. Commercial and business aviation are both seeing improved domestic traffic this summer. But private flights, which carry […]