Oil edges lower, supply concerns check losses
Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies provided a floor to losses.
Asia’s tech champions zero in on main street banking
Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent.
Lyft pulls electric bikes in three U.S. cities after complaints about braking
Lyft Inc is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday.
Corporate jetmakers court Chinese elite for sales despite slowing economy
Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China’s growing elite, despite the country’s slowing economy.
Jet Airways pilots defer strike before crunch creditors meeting: report
Pilots at India’s Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI reported on Sunday.
Facebook, Instagram and WhatsApp working again after outages
Facebook Inc said it restored services on Sunday after some users could not access its social networking site, photo-sharing network Instagram and messaging app WhatsApp.
Too many travelers, too few planes is U.S. airlines’ 737 MAX summer dilemma
Normally U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.
American Airlines extends Boeing 737 MAX cancellations through August 19
American Airlines Group Inc said on Sunday it is extending Boeing Co 737 MAX cancellations through Aug. 19, leading to about 115 daily canceled flights, or 1.5 percent of its daily summer flying schedule.
VW to take on Tesla X in China from 2021 with electric SUV
Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles.
Facebook, Instagram, WhatsApp hit by outages – downdetector
Facebook Inc’s social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to some users on Sunday, downdetector.com, which monitors outages, showed.
