While reporting its third quarter results, Norwegian Air, which likes its peers has been ravaged by the coronavirus-induced COVID-19 pandemic which has brought the global travel industry to a standstill, said it is likely to run out of cash in… Read More ›
According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›
In a significant development, U.S. Attorney General William Barr authorized federal prosecutors to pursue investigations into “substantial allegations of voting and vote tabulation irregularities,” while urging prosecutors not to chase “fanciful or far-fetched” claims. Barr’s letter to prosecutors marks the… Read More ›
A U.S. judge has approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings averting its liquidation that would have placed the beleaguered department store chain out of business and jeopardized thousands of jobs. Following the approval from… Read More ›
According to an official from the International Energy Agency (IEA), if Europe sees renewed lockdown measures to contain rising cases of the coronavirus-induced COVID-19 pandemic it could push back the outlook for the global demand for oil towards a downward… Read More ›
On Monday, Ireland’s Foreign Minister Simon Coveney stated, if Joe Biden was declared as a victor in the U.S. elections it will have a material impact on Brexit negotiations given Biden’s recent intervention in support of Ireland’s position. “I think… Read More ›
On Monday, Germany’s Economy Minister Peter Altmaier told German broadcaster Deutschlandfunk, in his assessment uncertainty in the United States is likely to continue for months and clarity would emerge only in spring regarding the direction U.S. policy would take. His… Read More ›
In a statement the U.S. Federal Communications Commission (FCC) said, it has approved a petition which allows foreign investors to exceed the current 25% foreign investment cap in iHeartMedia Inc. In 2018, the company had filed for bankruptcy and in… Read More ›
According to sources briefed on the matter at hand, the U.S. State Department has notified the U.S. Congress on its plans to sell 18 sophisticated armed MQ-9B aerial drones to the United Arab Emirates in a deal worth $2.9 billion…. Read More ›
With U.S. President Donald Trump calling his lawyers to shore up his re-election prospects, legal experts opine that the lawsuits are likely to have little impact on changing the outcome but could cast doubts on the process. With Trump’s path… Read More ›
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