BUSINESS

United Airlines ordered 110 new aircraft on Tuesday

United Orders 110 New Planes From Boeing, Airbus

United Airlines announced Tuesday it had ordered a total of 110 new planes from Boeing and Airbus, and secured options to purchase 90 more, in a major deal signaling confidence in the aviation sector.
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Makers of 10 medicines for serious illnesses have agreed to participate in price negotiation talks, said the White House

Drugmakers Agree To US Govt Price Talks Amid Pushback

Major drugmakers have grudgingly agreed to negotiate on reducing prices for 10 medicines, the White House said Tuesday, a key element in President Joe Biden's push to lower healthcare costs ahead of the 2024 election.
Markets fell after a senior Federal Reserve offical indicated the central bank was likely to keep rates higher for longer

Asian Markets Fall On Rate Concerns

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.
Evergrande estimated it had debts of $328 billion at the end of June

China's Evergrande Resumes Hong Kong Trading

Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation.
US zoos have vigorously denied allegations of mistreating pandas.

Not So Black And White? Panda Fibs Fuel Anti-US Vibe In China

Chomping peacefully on a fruitsicle cake in her grassy Washington zoo enclosure Mei Xiang is blissfully unaware that she and a handful of other cute pandas are at the center of a ferocious misinformation campaign driving anti-US sentiment in China.
Microsoft CEO Satya Nadella says his company could never compete against Google's search engine largely due to its arrangements with Apple

Microsoft CEO Hits Out At 'Dominant' Google In US Trial

Microsoft CEO Satya Nadella told a US court on Monday that Google's dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company's archrival.

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