India’s top airline to raise $534 million to combat cash drain
IndiGo, India’s biggest airline, plans to raise as much as 40 billion rupees ($534 million) by selling new shares after the coronavirus pandemic halted air…
Qatar Airways resumes flights to Houston and Philadelphia
The national carrier of the State of Qatar will also increase frequencies to Los Angeles to daily from 12 August and double daily to New…
China avoids top Trump aides in Hong Kong retaliatory sanctions
China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members…
Hong Kong bankers move to suspend accounts on U.S. sanctions
Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one U.S. bank is moving to suspend accounts to avoid…
Alstom signals Bombardier rail arm losses to affect takeover
Alstom SA hinted that it may seek better terms for its 6.2 billion-euro ($7.3 billion) purchase of Bombardier Inc.’s train arm after the Canadian company…
Virus speeds up Indian steel mill’s plan to overhaul U.S. business
The coronavirus pandemic is accelerating India’s most valuable steelmaker’s plans to overhaul its loss-making U.S. operations.
Unified Gulf council backs extension of Iran arms embargo
The Gulf Cooperation Council called for the United Nations Security Council to extend an arms embargo against Iran, an effort that dovetails with U.S. efforts…
Pilot erred in India crash, aviation watchdog chief suggests
The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too far along the airstrip, the…
U.S. visit to Taiwan begins, adding to rising China tensions
Health and Human Services Secretary Alex Azar will arrive in Taiwan on Sunday for the highest-ranking visit by a U.S. official to the island in…
India bans import of $47 billion defense items in buy-local push
India will stop importing more than 100 items used by its armed forces in a bid to boost local manufacturing.
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