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 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 ›
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 ›
The coronavirus-induced COVID-19 pandemic is boosting up air freight rates as we head into peak Christmas shopping season. The pandemic, which caused a sharp fall in passenger flights, in tandem with rising demand for e-commerce has set the stage for… Read More ›
In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›
According to research firm Baker & McKenzie, if Boris Johnson’s government fails to secure a post-Brexit trade deal with the European Union along with the impact the coronavirus is having on the British economy, their combined cost to the United… Read More ›
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
On Friday, Japan’s Foreign Minister Toshimitsu Motegi stated, he plans on holding talks with British trade minister Liz Truss later today to discuss a post-Brexit bilateral trade deal in the hope to reach a broad agreement. “I will hold talks… Read More ›
On Tuesday, Qantas Airways Ltd stated, it plans on cutting up to 2,500 jobs and outsource its Australian ground handling operations as it braces for a $7.17 billion (A$10 billion) hit to its revenues caused by the Wuhan Coronavirus pandemic…. Read More ›
In a statement, Libya’s National Oil Corporation (NOC) stated, German Foreign Minister Heiko Maas had underscored the importance to bring about an immediate end to the blockade of oil facilities in Libya. NOC chairman Mustafa Sanalla met Maas in Tripoli… Read More ›
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