British Airways said it was scrapping most short-haul operations at London's no.2 airport Gatwick, blaming pilots for rejecting a plan to set up a new low-cost unit to better compete against easyJet (EZJ.L) as flying returns after the pandemic.

British Airways to scrap Gatwick short-haul flights after low-cost plan fails

China Evergrande Group (3333. HK) dollar bondholders were still waiting for information about a key interest payment due Thursday that has kept global investors on tenterhooks, but the property developer was instead expected to provide more clarity in the coming month, a source familiar with the situation said. Watch this report for more details.

Evergrande bondholders seek clarity on payments | World Business Watch

The price of gas has soared in recent weeks, putting several energy suppliers out of business and forcing some factories to stop production. Several facts including supply chain disruption lead to a hike in prices. Watch this report for more details.

United Kingdom witnesses gas supply chain disruption leads to hike in prices

The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with nine of 18 US central bank policymakers projecting borrowing costs will need to rise in 2022. Watch this report for more details.

US Federal Reserve signals Bond-Buying taper may start soon

China Evergrande Group's main unit said it would make a coupon payment on its domestic bonds on Sept. 23, offering some relief to jittery markets that had been on edge over fears that a default of China's No. 2 developer could ripple through the global financial system.

China: Evergrande to make domestic bond coupon payment

The EU executive and EU lawmakers have been pushing for a common charger for over a decade, saying it would be better for the environment and more convenient for users.

iPhone maker Apple to be more than rivals

US car giant Ford is to stop making cars in India and shut down both of its plants in the country, according to a company statement.

World Business Watch: US car giant Ford to cease making cars in India

Honda Motor has said its car factories in Japan have been operating at 40 percent of capacity in August and September. It is because of shortages of semiconductors and other components which was caused by COVID-19 Pandemic. Japanese auto major also said production in early October should rebound to 70 of capacity though it also added that company is doing whatever it can to minimize impact on production.

World Business Watch: Japan's Honda Motor Company hit hard by chip crisis

There was a meltdown in metal stocks on Monday as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices.Watch this report for more details.

China's biggest property developers, Evergrande

Weeks before World Bank scrapped its flagship doing business ranking following a damning independent investigation, a group of external advisors have recommended an overhaul of ranking to limit countries efforts to manipulate their scores.

External review finds deeper rot in World Bank 'Doing Business' rankings

China's most indebted property developer Evergrande Group is struggling to solve its debt crisis. Watch this video for more details.

World Business Watch: Biggest test for China's Financial system

Rolls-Royce’s first all-electric aircraft has completed its maiden flight, soaring across skies in the U.K. for around 15 minutes this week. Watch this report for more details.

All-Electric passenger plane to be ready by 2024

India is taking another step towards reforms in the country's banking sector and giving a much-needed boost to bad asset resolution. Finance Minister Sitharaman has announced the setting up of a bad bank.

World Business Watch: India Announces Formation Of 'Bad Bank'

According to an independent investigation the World Bank leaders including then CEO and current IMF MD Kristalina Georgieva, have applied in fact undue pressure on staff to boost china's ranking in banks doing business 2018 report.

World Business Watch | Report: Georgieva pressured employees to favour China

The central government on Wednesday approved a ₹26,058 crore scheme to encourage the production of automobiles, auto parts, and drones.

World Business Watch | India: Incentives for auto, Drone production

On Wednesday, shares of Macau casino operators shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub.

World Business Watch: China to crackdown on gambling destination

On Wednesday, General Motors Co recommended that Chevrolet Bolt electric vehicle owners parking in decks do so on the top floor or on an open level, at least 50 feet away from other vehicles, citing potential fire risks.

World Business Watch | GM: Park bolt 50 feet away from other cars

We're in a sign that corporate spending is perking up despite a wider hit to the economy from the pandemic of Coronavirus. Japan's core machinery orders have risen in July after a dip.

World Business Watch: Japan's machinery orders rebound in sign of capex recovery

At the much anticipated Apple event in the US, Apple has unveiled the iPhone 13 and a new iPad mini expanding its 5g connectivity and showing off faster chips and sharper cameras without raising the phone's price.

World Business Watch: Apple introduces iPhone 13 and iPhone 13 Mini

Toyota Motor Corp and Tesla clashed with Ford Motor Co (F.N) and the UAW union over a proposal by Democrats in the U.S. House to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive.

World Business Watch: Union-made, US-built EVs to get $4500 incentive

Leading Democrats in the US House of Representatives proposed a substantial roll-back of former President Donald Trump's tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%.

World Business Watch: House Democrats seek to roll back tax cuts for wealthy

Uber drivers are employees rather than independent contractors and are entitled to greater workers rights, a Dutch court has ruled it. It is the latest court victory for unions fighting for the rights of workers in the gig economy.

World Business Watch: Uber drivers are employees, not contractors, says Dutch court

Private sector companies in the UAE will have to fill 10 percent of their positions with Emirati nationals in five years' time, the UAE said on Sunday in its latest tranche of economic reforms.

UAE: Private sector to fill 10% positions with Emiratis in five years

Japan's wholesale inflation hovered near a 13-year high in August as raw material imports continued to rise on solid global demand, putting pressure on companies to pass on higher costs to households.

World Business Watch: Japan's wholesale inflation hovers near 13-year high as material costs rise

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