Singapore Airlines said it expects passenger capacity to reach about 81% of pre-pandemic levels by December as flyers rush to the skies after the easing of COVID-19 curbs.

Singapore Airlines expects to inch closer to pre-pandemic capacity by 2022-end

Tesla faces a series of hurdles ranging from production snags to rising inflation that may hit profits, as the electric-car maker reported a fall in deliveries for the first time in two years.

Tesla deliveries fall for first time in two years amid snags

Macroeconomic and geopolitical tensions are impacting many industries in the world but there are some sectors that are still positive and optimistic about growth prospects. One such company is global diamond giant De Beers. WION's Business Editor Sumit Chaturvedi spoke to Mark Jacheet, CEO, De Beers Brands on diamond industry.

Cautiously optimistic about growth of diamond industry, says Mark Jacheet

Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of a century. The annual inflation rate was 78.62% for June, according to the Turkish Statistical Institute, surpassing forecasts.

79% jump in Turkiye inflation highest in 24 years

Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output. Workers are demanding wage hikes to compensate for rising inflation.

Norwegian oil and gas workers start strike, cutting output

Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year.

Egypt's Suez Canal records highest ever annual revenue of $7 billion

Wage negotiations between Scandinavian airline SAS and its pilots collapsed on Monday, triggering a strike that threatens the carrier’s future and extreme heat across Europe.

Airline SAS says survival at stake as pilot strike grounds flights

Amazon founder Jeff Bezon criticised the United States President Joe Biden for calling on companies running gasoline stations to lower their prices.

Jeff Bezos slams President Biden's call for gasoline stations to cut prices

Tesla CEO Elon Musk is back on Twitter with Pope's picture after 10 days. This was Musk's longest ever digital detox from Twitter in five years. He took a hiatus from Twitter from June 22.

Elon Musk backs on Twitter after 10 days, posts photo with Pope

The rate of flight cancellations and delays is higher this year than before the pandemic due to bad weather and staffing shortages.

Rate of flight cancellations, delays higher this year

Australia's mining and energy export revenues are forecast to climb 3% to a record $286 billion in the year to June 2023, buoyed by surging coal and gas prices in the wake of Russia's invasion of Ukraine.

Australia energy exports expected to climb 3% to $286 billion

Argentina's Economy Minister Martin Guzman submitted his resignation as the country's currency hit an all-time low and the inflation is running above 60%.

Argentina's economic minister resigns as currency hit an all-time low

Officials in Venice plans to impose an entry fee to the city or for the people coming on day trips. Over the years, over-tourism has led to crowding and harmful effects on the city and its environment.

Venice authorities to charge fee for day travellers

Many Ryanair Holdings PLC flights to and from Spain were cancelled on Thursday and several hundred others delayed during a strike by the low-cost airline's cabin staff.

Flights cancelled in Spain due to Ryanair staff strike

Piles of luggage beside baggage belts in airports from Canada to Europe are driving further demand for ground handlers, and adding to summer travel chaos as airlines scramble to bring back workers lost during Covid-19.

Fresh woes for summer travel: Luggage piles join long airport lines

Barclays is giving 35,000 of its staff in Britain $1,450 annual pay rise to help to ease the impact of the cost of living crisis. It also said that the pay rise will apply to staff in customer-facing roles.

Barclays offers pay hike to 35,000 staff to ease cost-of-living burden

Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 per cent this year, CEO Mark Zuckerberg announced, as he warned to brace for a deep economic downturn.

Facebook parent Meta slashes hiring plans for new engineers by 30 per cent

Oil prices were little changed on Thursday as markets weighed a rise in US gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.

Oil prices stable as market weigh fuel stocks amid supply concerns

Airbnb has permanently banned parties at listed sites after it announced a temporary ban in August 2020. The firm said that the temporary ban was effective in curbing guests throwing unauthorized parties or chronic party houses that disturb neighbors.

Airbnb permanently bans 'disruptive parties' on all listings

China's factory activity likely expanded in June for the first time in four months, driven by a faster recovery in production and an easing of supply chain snags as manufacturing hubs emerged from lockdowns.

China's June factory activity likely expanded for first time in 4 months

Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs in U.S. while others are shelving projects or deals as inflation rages and confidence in the world economy wanes.

Companies cut spending, jobs as economic outlook grows less certain

The U.S. economy contracted in the first quarter amid a record trade deficit. Gross domestic product (GDP) fell at a 1.6% annualised rate last quarter.

US economy contracts in first quarter, GDP fell at 1.6%

Moody's Investor Service has downgraded Pakistan's outlook from stable to negative, citing financial concerns that includes a delay in the revival of International Monetary Fund's (IMF) bailout.

Moody's lowers Pakistan outlook to negative over IMF delay

The Directorate General of Civil Aviation (DGCA) has fined India's aviation regulator Air Vistara ₹10 lakh for violating safety regulations. The airline has been fined for letting an improperly trained pilot land a flight at Madhya Pradesh's Indore airport with passengers on board.

DGCA fines Indian airline Vistara for letting untrained pilot land flight