Passenger load is a technical term in aviation parlance that equates to passenger density per flight. A higher figure denotes increased efficiency. On Friday, Air France KLM, which has in the past been the subject of political tensions between France… Read More ›
Creativity
Stopping work on high speed France-Italy rail line would cost Rome $3.36 billion
The 5-Star Movement, a coalition partner of Italy’s ruling party is fiercely opposed to the rail link. On Friday, Italy’s junior minister for infrastructure Armando Siri told Corriere della Sera, an Italian news daily that if work on the high-speed… Read More ›
Swedbank dragged into Danske Bank’s scandal
Bill Browder, an investor who campaigns to expose corruption, has filed a complaint with Swedish authorities over Swedbank’s alleged links with Danske Bank’s money laundering scandal. On Friday, Swedbank disclosed, it has been notified by Swedish authorities that Bill Browder,… Read More ›
China’s trade surplus in February much lower than forecast
According to analysts, there are multiple factors, including an internal clampdown on riskier lending practices, slowdown in global economy and U.S. trade action, because of which the Chinese economy is cooling down. \ In February 2019, in what is possibly… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Donald Trump will accept only perfect U.S-China trade deal: Mike Pompeo
The statement by U.S. Secretary of State Mike Pompeo essentially sets the stage for the forthcoming U.S.-China trade summit. In a media interview, U.S. Secretary of State Mike Pompeo made it lucidly clear that U.S. President Donald Trump will reject… Read More ›
Ford likely to close down two plants in Russia
Ford is losing money in every region where it has a plant other than North America. According to three industry sources, Ford Motor Co is weighing its options on shuttering two of its big plants in Russia. The move is… Read More ›
Arne Sorenson, Marriott International Inc’s CEO to testify before U.S. Senate
In what is the biggest ever hack of a hotel reservation system to date, hackers had managed to breach Starwood hotels’ reservation system and managed to steal personal information, including passport and credit card numbers of 383 million customers. Arne… Read More ›
U.S.-China trade deal possible during summit: WSJ
Trump has made it clear that unless he is satisfied with the terms of the trade deal, he will walk away from it. As per a report from the Wall Street Journal, high level negotiations between U.S. President Donald Trump… Read More ›
Theresa May hopes to win Brexiters with 1.6 billion pound ‘Stronger Towns Fund’
To a great extent, the fund will be used in areas north of England which have not had a fair share of the country’s prosperity. May is scheduled to present a revised deal in parliament on March 12. On Monday,… Read More ›