Scandinavian Airline SAS Files for Bankruptcy Protection 

The carrier has filed for bankruptcy protection in the U.S., saying a move by about 1,000 of its pilots to go on strike would worsen its already fraught finances.

Germany to Bail Out Energy Suppliers As it Prepares for Bleak Winter 

The country paved the way for injecting billions of taxpayer money into embattled energy suppliers, as the country braces for a stop to Russian natural-gas imports-a scenario many economists think would trigger a severe recession.

Twitter Fights India's Order Compelling the Company to Block Some Tweets 

The legal move by the social-media company escalates a battle over online speech in the country of more than 1.3 billion people.

Spotify Rival Deezer's Shares Fall in Trading Debut 

The French company's downbeat debut is a sign that there are limits to the investor appetite for music-streaming services, even as such offerings have grown to become a major source of revenue for the music industry.

CureVac Sues BioNTech Over mRNA and Covid Vaccines. Pfizer Stock Isn't Spared. 

CureVac says its intellectual property portfolio protects multiple inventions that are considered essential to Pfizer and BioNTech's Covid-19 vaccine.

Blackstone Bets on Global Tourism Boom With Australian Resort Deal 

As Covid-19 cases have fallen and international air travel has increased, some resorts are benefiting.

Amazon, Microsoft, Google Strengthen Grip on Cloud 

The three companies account for about two-thirds of cloud spending and are using their size to maintain their hold on the rapidly growing market.

China's Big Airbus Order Isn't an All-Clear for Airline Stocks 

The big three Chinese carriers have just placed their first significant order since the pandemic began. But all isn't well just yet: There are still some obvious squalls brewing.

Sanctions Threaten Russia's Next Huge Oil Field 

Vostok Oil, a vast patch in Russia's far north, faces setbacks as Western sanctions impede its access to cash and technology.

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.


(END) Dow Jones Newswires

July 05, 2022 11:15 ET (15:15 GMT)

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