In a statement trade unions said Volkswagen’s unit Skoda Auto plans on cancelling several shifts citing shortage of auto parts. The development comes ahead of the car maker’s annual general two-week leave. Although the annual leave is scheduled for the first… Read More ›
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Azerbaijan’s AZAL airline cancels $1 billion contract for Boeing 737 MAX
AZAL was to purchase 10 737 MAX aircraft – the same model which was involved in the recent crashes in Indonesia and Ethiopia. According to a spokesman for Azerbaijan’s AZAL, an airline operator, the company has canceled a $1… Read More ›
Samsung Electronics to cancel shares worth $4.4 billion
The move is part of a broader push aimed at enhancing shareholder’s value and can be attributed to Elliot Management’s pressure on the South Korean tech giant. On Friday, Samsung Electronics Co Ltd disclosed it will be cancelling its shares… Read More ›