Author Archives
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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Uk has given $39 billion in loans & guarantees to help business cope with COVID19: Finance Minister
On Tuesday, British Finance Minister Rishi Sunak stated, the government has awarded more than $39 billion (32 billion pounds) in loans and guarantees to businesses to help them cope with the impact of the coronavirus pandemic.
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Bank of England reviewing stand on negative interest rates
The Chief Economist of the UK’s central bank has made it lucidly clear that the Bank of England is not remotely close to making any decision regarding negative interest rates. Negative interest rates has been hitting the headlines lately since… Read More ›
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