On Tuesday, alleviating industry concerns that the new variant of the coronavirus disease that has been surging in northern China, Huang Libin, an official from China’s Ministry of Industry and Information Technology said, the outbreak will have an impact on… Read More ›
In a memo, Delta Air Lines CEO Ed Bastian said stated, he continues to expect the company to achieve a positive cash flow by the coming spring. In a note to employees, Bastian said Delta Air Lines will likely “experience… Read More ›
On Tuesday, British airline easyJet stated, it has agreed with Airbus for deferring to take the delivery of aircraft; the finances of the airline, much like its peers, have come under severe pressure during the coronavirus-induced COVID-19 pandemic. easyJet said… Read More ›
In a significant development, in a report The Mail said, loyal members of the Chinese Communist Party have infiltrated some of the UK’s leading companies, as well as universities and the British consulates. The Mail’s report is based on a… Read More ›
According to three government sources with direct knowledge of the matter at hand, the Japanese government is weighing its options to create a ($9.63 billion to $19.27 billion (1 trillion to 2 trillion yen) fund to promote investment in environment-friendly… Read More ›
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 a report from The Guardian, the UK government will set up a global travel taskforce and defer an anticipated plan to introduce COVID-19 testing for international arrivals until November. The setting up of the taskforce came about on… Read More ›
According to a source familiar with the deal, Tesla Inc has agreed to acquire Germany’s ATW Automation, a supplier assembling battery modules and packs for the auto industry, for an undisclosed sum. ATW, a subsidiary of Canadian ATS Automation Tooling… Read More ›
In a report the BBC said, the UK has so far failed to persuade the EU to accept car parts from Japan and Turkey as British when they are used in Britain, thus implying that such automotive exports from Britain… Read More ›
In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
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