The largest drop in the investment in the history of global energy is being engineered by the novel coornavirus pandemic. According to the International Energy Agency (IEA), investment in global energy expected to increase by 2 per cent before the… Read More ›
Month: May 2020
China Targets Australian Exports In Retaliation To Calls For Coronavirus Investigation
It did not take long for China to strike back against Australia after Australia demanded the constitution of an international investigation into the origins of the coronavirus pandemic. On a Sunday morning television show in late April, support for an… Read More ›
France emerges as the No. 1 destination for new foreign investments in Europe: EY
For the first time, the results of a survey showed, France has emerged as the top destination for international investments in Europe. France has beaten Britain and Germany to take the top spot for international investments in Europe. In 2019,… Read More ›
USTR disagrees with U.S. Court of International Trade’s ruling on import of certain solar panels
In a statement, the U.S. Trade Representative’s office took a position against a federal court’s decision to reinstate an exception for certain solar panels from import restrictions imposed by President Donald Trump two years ago. On Wednesday, a U.S. Court… Read More ›
American Airlines Group Inc to trim management & support staff by 30%
In a letter to employees, Elise Eberwein, the executive vice president of people and global engagement stated, American Airlines Group Inc will have to cut its management and support staff by around 30% as a fallout of the coronavirus pandemic…. Read More ›
DoJ closing probes on insider trading on 3 U.S. senators
According to a report from the Wall Street Journal, the U.S. Department of Justice (DoJ) is closing multiple probes on three U.S. senators over their trades in stock before the coronavirus market turmoil. The three U.S. senators include Democrat Dianne… Read More ›
Saudi Arabia set to ease coronavirus restrictions from May 31
Saudi Arabia’s state news agency said, Saudi Arabian airlines are scheduled to resume domestic flights on select destinations. The development comes in the wake of the Kingdom easing coronavirus containment measures. In the first phase, 60 flights will resume operations…. Read More ›
Boeing to lay off 10% of its global workforce
According to union sources briefed on the plans, Boeing Co is set to announce U.S. job cuts sometime this week following its disclosure last month that it plans on cutting 10% from its worldwide workforce of 160,000 employees. In a… Read More ›
EU to unveil economic recovery package exceeding 1 trillion euros
The European Commission is set to unveil on Wednesday a plan aimed at enabling an economic recover to the EU zone from the economic impact of the coronavirus. Part of the package includes grants, loans and guarantees which exceed 1… Read More ›
easyJet’s CFO will remain till end of contractual obligations, will leave in May 2021
On Tuesday, British low cost airline easyJet stated, its chief financial officer, Andrew Findlay, will be leaving the company in May 2021. Easyjet has started the search for his successor. Findlay, who joined easyJet as CFO in 2015, managed to… Read More ›