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.

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.

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.

Little-Known Abortion Pill Maker Faces Scrutiny 

The debate over medication abortions draws in the lone U.S. manufacturer of brand-name mifepristone.

As Deal Spree Sputters, Bankers Brace for Lean Times 

Weak markets and an uncertain economic outlook have slowed M&A and curtailed IPOs.

American Airlines Computer Glitch Disrupts Pilots' Schedules 

The carrier's pilots union says it is in talks with the airline to compensate pilots to helm flights they were mistakenly permitted to cancel from their itineraries.

Hard Rock Atlantic City Workers, Casino Operator Reach Labor Agreement 

The deal follows earlier labor pacts at MGM Resorts International and Caesars Entertainment, and staves off a Fourth of July strike on the boardwalk.


(END) Dow Jones Newswires

July 04, 2022 23:15 ET (03:15 GMT)

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