European Travel Just Got Harder After SAS Pilots Strike 

Pilots at Scandinavia's main airline walked out, starting a strike that the carrier said will hobble operations. Separately, the chief operating officer at European discounter easyJet resigned.

SAS Files for Bankruptcy Protection in US 

SAS has filed for chapter 11 bankruptcy protection in the U.S. as it seeks to push through its comprehensive financial restructuring to cut costs and raise capital under the supervision of the U.S. court system.

AstraZeneca Unveils TeneoTwo Buy 

AstraZeneca has agreed to buy TeneoTwo for up to $1.27 billion in a deal that strengthens its haematological cancer pipeline.

Rio Tinto Forced to Halt Work on Simandou Iron-Ore Project 

Guinean officials have ordered work be stopped on the Simandou iron-ore project, in which Rio Tinto has a stake, after an extended deadline to complete negotiations on a joint venture was missed.

New Zealand Treasury Bars Wall Street Journal From Restricted Briefings Until 2025 

New Zealand's Treasury will bar The Wall Street Journal from attending restricted briefings for three years for publishing budget information before the scheduled release time in May.

China's Covid Isolation Spurs Beijing-Based Development Bank to Open Overseas Office 

Abu Dhabi is among the preferred locations for an interim office of the Asian Infrastructure Investment Bank, according to people briefed on the matter, as the multilateral lender grapples with China's strict Covid rules on overseas travel.

China Auto Maker Geely Ventures Into Smartphones 

A subsidiary of Zhejiang Geely Holding Group has acquired a 79% stake in lesser-known Chinese smartphone maker Meizu Technology, one of China's earliest smartphone makers.

Peter Thiel-Backed Vauld Suspends Withdrawals 

The crypto lender backed by Coinbase and Peter Thiel is exploring a possible restructuring after becoming the latest cryptocurrency platform to freeze services.

Air Travelers Cope With Busy July Fourth Holiday Weekend 

U.S. airports had their busiest day since the Covid-19 pandemic began, but overall disruptions were less severe than during recent holidays.

For Reliance, Russian Oil Has Supercharged Profits 

An increase in imports from Russia will help the energy wing at Reliance Industries continue to notch record refining margins, despite a new windfall tax on Indian fuel exports.


(END) Dow Jones Newswires

July 05, 2022 05:00 ET (09:00 GMT)

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