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 ›
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 ›
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 ›
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 ›
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.
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 ›
On Tuesday, the CEO of Spain’s natural gas and electrical energy utilities company, Naturgy, stated the entry of French energy giant Total into Spain’s electricity market through the purchase of assets from Portugal’s EDP is reflective of increasing competition levels… Read More ›
In a statement, Lufthansa’s spokeswoman said, it is in talks with the German government over a $9.8 billion bailout package; it aims to resume flights to 20 destinations, including holiday hot spots, starting from mid-June. Destinations include Rhodes, Mallorca, Faro,… Read More ›
According to a source familiar with the matter at hand, Aston Martin’s CEO Andy Palmer is leaving the company as part of a review of the management team. He will be replaced by Mercedes-AMG’s CEO Tobias Moers. In a statement,… Read More ›
On Monday, Spain’s Minister of Industry, Trade and Tourism Reyes Maroto said, foreign tourists will be allowed to book vacations in the country from July following the suspension of the two-week self-quarantine period for overseas travelers by then. Tourism dependent… Read More ›
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