International News
European airlines call on Brussels and Washington to restore transatlantic travel
The largest carriers from both sides of the Pond called on Brussels and Washington on Tuesday to adopt a common testing procedures to unblock transatlantic travel.
Uber to appeal UK ruling on drivers' employment rights
Uber kicks off another appeal to the UK landmark employment rights case on Tuesday.
Covid-19 vaccine maker BioNTech launches ADS offering
German biotechnology outfit BioNTech has launched a public offering for 5. 0m of American depositary shares with a rights offering set to follow at the end of the week, with US drug giant Pfizer having signalled its interest in taking part.
Ryanair to shut Frankfurt base after German pilots reject pay cuts
Budget airline Ryanair will shut its base at Frankfurt Hahn airport after the company's German pilots voted in favour of rejecting pay cuts.
McDonald's to open 700 UK locations for dine-in business
McDonald's will open up hundreds of locations across the UK for dine-in business this week.
US open: Dow opens higher, Nasdaq turns red
Wall Street trading got off to a mostly positive start on Tuesday as investors monitored talks between lawmakers in Washington regarding another economic relief package.
Trading app Robinhood ditches UK launch
Robinhood has decided to postpone its UK launch indefinitely, the commission-free trading app popular with millennials said on Tuesday.
IBM revenues slump amid Covid-19
Tech giant IBM saw revenues slump 5. 4% in the second quarter as customers reduced their spending on traditional applications and hardware amid the Covid-19 pandemic.
Philip Morris sees earnings slide, beats forecasts
Shares in Philip Morris International sparked in pre-market trading on Tuesday, after its second-quarter numbers beat expectations and the US tobacco giant reinstated full-year forecasts.
Linkedin announces 960 layoffs due to pandemic crisis
Professional networking site LinkedIn said on Tuesday that it would cut about 960 jobs, or 6% of its global workforce.
US pre-open: Futures point to positive open as economic relief talks continue
Wall Street futures had stocks opening higher ahead of the bell on Tuesday as investors monitored talks between lawmakers in Washington regarding another economic relief package.
Ten Entertainment to reopen all England bowling centres on 1 August
Ten Entertainment said on Tuesday that it will reopen all of its bowling centres in England on 1 August.
EU leaders agree €750bn Covid fund after fractious 5-day summit
A bad-tempered European Union summit ended early Tuesday after almost five days, with leaders agreeing finally on an historic stimulus plan worth €1. 8trln to save their coronavirus-ravaged economies.
EU Summit deal main points
Here are the main points from the agreement reached by European Union leaders on Tuesday to revive their economies after the coronavirus pandemic:.
Asia report: Markets finish higher on fresh vaccine hopes
Markets in Asia finished higher across the board on Tuesday, as investors reacted to the news that the European Commission would use financial markets to raise €750bn for its Covid-19 response.
Ebay to sell online classifieds business to Adevinta for $9.2bn
Ebay has agreed to sell its online classifieds business to Norway’s Adevinta for $9. 2bn.