Leasing firm Avolon cancels another 27 Boeing 737 MAX jets

Aircraft lessor Avolon on Tuesday said it had cancelled 27 Boeing 737 MAX planes since the end of March, in addition to the 75 it cancelled in the first three months of the year.

Samsung Electronics flags second-quarter profit jump on solid chip demand, one-off gains from Apple

Samsung Electronics Co Ltd flagged a 23% rise in second-quarter operating profit on Tuesday, beating analysts' estimates on solid chip sales to data centres catering for a work-from-home economy during the novel coronavirus pandemic.

Pompeo says U.S. looking at banning Chinese social media apps, including TikTok

Secretary of State Mike Pompeo said on Monday that the United States is "certainly looking at" banning Chinese social media apps, including TikTok, suggesting it shared information with the Chinese government, a charge it denied.

TikTok quits Hong Kong as U.S. giants suspend processing data requests

Chinese-owned social media platform TikTok announced on Tuesday it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing.

Risk currencies breathe after rally, virus resurgence buoys dollar

Risk currencies such as the Australian dollar took a breather from recent gains on Tuesday, with investors hitting pause on an China-led equity market rally, as new coronavirus flare-ups and local lockdowns in some countries lifted the safe-haven dollar.

U.S. government awards Novavax $1.6 billion for coronavirus vaccine

The U.S. government has awarded Novavax Inc $1.6 billion to cover testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States, with the aim of delivering 100 million doses by January 2021.

EU antitrust regulators extend Fiat, Peugeot investigation to Nov. 13

EU antitrust regulators have extended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger to Nov. 13, the European Commission said on Tuesday.

HSBC to cut 38% of global banking and markets jobs in France

HSBC France seeks to cut 255 of 678 jobs in its French global banking and markets unit by end-2021 as part of a broader plan to reduce costs, a union said on its website.

Deutsche Bank and Google agree multi-year, strategic partnership

Deutsche Bank said on Tuesday it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.

Currency crisis impoverishes Iranians, strains economic defenses

Desperate to afford her daughter's overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy U.S. dollars.

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