Business News

LATAM Airlines Group on Wednesday said its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.

Twitter Inc said on Wednesday it is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.

German airline Lufthansa warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support at a shareholder vote on June 25.

Canadian telecom operator Telus Corp said on Wednesday the federal government has not asked it to remove Huawei equipment from its 4G infrastructure in the national capital region, in response to a report https://tgam.ca/2YY5Fvd by the Globe and Mail.

Walmart's Mexican unit has launched a mobile phone service available throughout the country, the retailer said on Wednesday.

A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate.

Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.

The S&P 500 and the Dow edged higher in choppy trading on Wednesday as hopes of a swift recovery from a coronavirus-driven downturn were dented by fears of a record rise in coronavirus cases in six U.S. states.

* Dow flat, S&P up 0.26%, Nasdaq rises 0.76% (Updates to early afternoon)

Several U.S. civil rights groups have called upon some of the world's largest companies to pause advertising on Facebook Inc, saying the social network is not doing enough to stop hate speech on its platform.

PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.

Zoom Video Communications Inc is planning to offer all its free and paying users end-to-end encryption for video calls, the video conferencing provider said on Wednesday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)

Israel has signed an agreement with Moderna Inc for the future purchase of its potential COVID-19 vaccine, Prime Minister Benjamin Netanyahu said on Wednesday.

The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.

The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.

U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy.

Dominion Energy Inc asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022.

Canadian telecom operator Telus Corp said on Wednesday that the federal government has not asked it to remove Huawei equipment from 4G network in the capital region, in response to a report https://tgam.ca/2YY5Fvd by the Globe and Mail.

Panama's civil aviation authority said it will extend a suspension of international flights by a month due to the coronavirus crisis, according to a statement on Wednesday.

Equity markets around the world seesawed on Wednesday as the prior day's rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.