On Tuesday, in a report the Financial Times said, the U.S. government is slated to companies of heightened risks in operating in Hong Kong; it is also scheduled to update a previously issued warning on Xinjiang. The report draws attention… Read More ›
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Norwegian Air will run out of cash in early 2021: CEO Jacob Schram
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 ›
EU law will protect EU companies operating in Iran from U.S. sanctions
Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›
Rising fuel costs threatening global airlines profit outlook: IATA
Rising fuel costs and geopolitical tensions along with a host of other factors are adding to the risks of the airlines industry, despite a stronger global economy pushing up passenger yields. On Monday, airline operators across the globe have slashed… Read More ›