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Canada's CAE in talks with airlines to win more pilot training business
(Reuters) - CAE Inc said on Wednesday it is in advanced discussions with airlines about doing more training of their pilots after the company reported a bigger than expected quarterly loss due to COVID-19. The world's largest civil aviation training ...
Tesla woos retail investors with stock split, shares rise
By Aakash B and Akanksha Rana (Reuters) - Wall Street analysts praised Tesla Inc's move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200% rally in its shares this year by making it easier for retail ...
Mexico's new warning labels on junk food meet supersized opposition from U.S., EU
By Anthony Esposito MEXICO CITY (Reuters) - The United States, European Union, Canada and Switzerland, home to some of the world's biggest food companies, have pressed Mexico to delay upcoming health warnings on processed food and drinks, a World ...
Oman secures $2 billion bridge loan: sources
By Yousef Saba DUBAI (Reuters) - The government of Oman has signed a one-year $2 billion bridge loan with a group of international and regional banks, two sources with knowledge of the matter said on Wednesday. The loan, which will be repaid with ...
Billionaire Sumner Redstone, media mogul who headed Viacom, dead at 97
By Helen Coster NEW YORK (Reuters) - Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and ...
Toshiba posts first quarterly operating loss in nearly four years
TOKYO (Reuters) - Japanese industrial conglomerate Toshiba Corp reported on Wednesday its first quarterly operating loss in nearly four years as the coronavirus pandemic hit demand for its electronic devices, copiers and chip-making equipment. The ...
UK bank NatWest cuts more than 500 jobs, closes north London office
By Iain Withers LONDON (Reuters) - Britain's NatWest is cutting at least 500 jobs across its retail business and closing one of its remaining offices in London as banks press on with cost-cutting in the face of a wave of expected loan losses due to ...
Global stocks rise on U.S. stimulus bets; gold whipsawed
By Rodrigo Campos NEW YORK (Reuters) - Global stocks rose on Wednesday, ending at their highest since February as investors kept betting on more stimulus in the United States despite doubts, while gold was whipsawed and silver clawed back from a ...
Pompeo says tide is turning against untrusted 5G networks
PRAGUE (Reuters) - There is growing understanding among many countries that security issues must be taken into account when developing new-generation 5G communication networks, U.S. Secretary of State Mike Pompeo said on Wednesday. "The tide is ...
Brazil can live with record debt, deficits despite the noise
By Jamie McGeever BRASILIA (Reuters) - Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can ...