The markets are down everywhere, including 8.49% in China, 5.25% in Germany, 4.80% in France, 4.61% in Japan, 4.47% in the United Kingdom and 4.09% in Australia — with oil under $40 per barrel for the first time since 2009....More
Profits for rival Philippine carriers Cebu Airlines and Philippine Airlines soar. ... Emirates announces the world's longest nonstop flight (close to three-quarters of a day). ... Japan Airlines mourns memory of those killed 30 years ago in the deadliest single-craft crash....More
In China, quarterly profits for Tencent jump 25%, while Alibaba doubles its quarterly net profit to almost $5 billion amid a disappointing report. ... Newly-merged Kraft Heinz plans to cut 2,500 jobs....More
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