Futures jump as China signals progress in trade talks
U.S. stock index futures jumped on Thursday as signs of a U.S.-China trade truce and a fresh batch of earnings reports looked set to restart a rally that has led Wall Street to record highs.
Lufthansa ready for arbitration as cabin crew strike begins
Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany’s largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers.
Lufthansa to cut more costs, as cabin crew strike over pay
German airline Lufthansa announced plans on Thursday to cut costs at its Austrian Airlines, Brussels Airlines and Lufthansa Cargo businesses to revive profits but faces a fresh challenge to its efforts with a cabin crew strike this week.
Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals
U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year’s shorter holiday selling season, a period that can be make-or-break for retailers.
Russia-China fund seeks Chinese investors for Saudi Aramco IPO
The Russia-China Investment Fund is working to attract Chinese investors for Saudi Aramco’s planned initial public offering, the head of Russia’s RDIF sovereign wealth fund said on Thursday.
Dish beats profit estimates on higher pay-TV subscriber addition
Dish Network Corp posted a better-than-expected quarterly profit on Thursday, as the U.S. satellite TV service provider surprised Wall Street by adding more payTV subscribers.
Alibaba, Russian Post launch China-Russia flights to cut delivery times
Alibaba Group’s logistics operator and Russia’s Pochta postal service have launched their first direct China-Russia cargo flights to deliver AliExpress goods purchased online by Russians, AliExpress Russia said on Thursday.
Rolls-Royce takes another $1 billion hit to fix problem engine
The bill to fix Rolls-Royce’s Trent 1000 engine has risen by another 800 million pounds ($1 billion) as the aerospace group battles to reduce disruption to airline customers that have had to ground Boeing 787 passenger planes for repairs.
JD.com’s Liu resigns from China parliament advisory body: state tv
Richard Liu, the founder and chief executive of Chinese e-commerce company JD.com , has resigned from the advisory body to China’s parliament for “personal reasons”, state broadcaster CCTV reported on Thursday.
Uber faces costly choices after expert finds it uses Waymo self-driving tech
Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet Inc unit.
