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Virgin Atlantic bailout cleared by court

Virgin Atlantic’s £1.2 billion (€1.35 billion) bailout has been signed off by a UK High Court judge. Last week, the airline’s creditors voted to approve...

Facebook threatens to block sharing of news stories

Facebook has threatened to block Australian publishers and individuals from sharing news stories on its platform. The social media giant proposed the move in reaction...

Tesla announces plans to sell up to five billion dollars of new stock shares

Tesla has announced plans to sell up to five billion dollars worth of common shares, a day after its five-for-one stock split took effect. The...

Zoom rides pandemic to another quarter of explosive growth

A surge in paying customers has enabled videoconferencing firm Zoom to hail another quarter of explosive growth. On Monday, the company reported that its...

Amazon orders more than 1,800 electric delivery vans from Mercedes-Benz

Amazon is to add more than 1,800 electric vehicles to its delivery fleet in Europe this year as part of efforts to reduce transport...

Gatwick expects up to five-year wait for air travel demand to recover

Gatwick Airport has said demand for air travel might not return to pre-pandemic levels until 2025. The British airport announced a 61.3% fall in revenue...

Walmart may team up with Microsoft in bid for US arm of TikTok

Walmart has said it may join Microsoft to buy the US arm of TikTok, the popular Chinese-owned video app that has come under fire...

Rolls Royce slumps to record €6bn loss amid Covid-19 crisis

Rolls-Royce has revealed record half-year losses due to plunging demand for air travel amid the pandemic as it unveiled plans to sell off parts...

Rolls-Royce slumps to record 5.4bn loss amid Covid-19 crisis

Rolls-Royce has revealed record half-year losses due to plunging demand for air travel amid the pandemic as it unveiled plans to sell off parts...

New Look calls for zero rent at 68 UK stores in restructuring plan

New Look is attempting to secure zero rent on 68 of its stores as it formally launched a major restructuring plan to safeguard 11,200...

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