According to a report from the South China Morning Post on Tuesday, Hong Kong’s Cathay Pacific Airways Ltd stated it will cut 18% of its worforce, which amounts to 6,000 jobs, to help it weather the coronavirus-induced COVID-19 pandemic. Earlier this… Read More ›
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
Chinese ride-hailing giant Didi Chuxing is weighing an option for a multibillion-dollar initial public offering in Hong Kong in 2021, said sources with knowledge of the matter at hand. Earlier Didi Chuxing had aimed for a listing in New York…. Read More ›
Business in the United Kingdom are being asked to put in pace preparations for a no deal Brexit after the transition period ends at the end of the current year as a campaign to this effect says that “time is… Read More ›
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
In a statement the U.S. Treasury Department said, Treasury Secretary Steven Mnuchin will lead a U.S. delegation to Israel, Bahrain and the United Arab Emirates on October 17 to 20. The visit comes in the wake of the UAE and… Read More ›
In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›
Agreement on an extension of negotiations with Britain was arrived at by the European Union leaders for a striking a trade deal after Brexit, talks for which are to be held within the next few weeks, with the main aim… Read More ›
In a statement the Blackstone Group said, its unit Blackstone Real Estate Partners along with co-investors have agreed to divest BioMed Realty for $14.6 billion to a group led by existing BioMed investors. In 2015, Blackstone had acquired BioMed Realty,… Read More ›
In a statement, the European Commission stated, the European Union will impose duties of up to 48% on imports of aluminum extrusions from China, citing exports of the same at unfairly low prices. According to an EU official, duties, ranging… Read More ›
manageria.biz 