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$12.8 Billion Was Refunded To Travellers In 2020 By US Airlines, Says Industry Group

The head of airline industry trade group of the United States Airlines for America (A4A) said in a letter to lawmakers that during 2020, a total of $12.84 billion in cash refunds was given by 11 airlines of the country to customers because of the Covid-19 pandemic that had virtually stopped air...

Strong Investor Support To Call On Amazon For Racial Equity Audit

The top pension official of the New York state said on Friday that the largest e-retailer of the world Amazon.com Inc needs to conduct a review about the manner in which is addressing racial justice and equity. This comment came following a strong backing won by a shareholder proposal on the topic....

India’s Mahindra expects car sales to take two years to rebound after COVID shock

It will take at least two more years before car sales can inch back to their pre-pandemic peaks, said India’s Mahindra & Mahindra expects, even though the company’s chief said that the recovery prospects could be hurt by a slow pace of vaccinations.   The number of passenger vehicle...

Its Combustion Engine Line-Up Will Be Cut Down By Hyundai And Focus On EVs

The number of combustion engine models in its portfolio will be slashed by the South Korean car maker Hyundai Motor Group in order to free up resources which can be used for making electric vehicles (EVs), said recent reports quoting source information.   The company plans to reduce the...

Nissan Will Build Battery Plants For Electric Vehicle In Japan And Britain

More than 200 billion yen ($1.8 billion) will be jointly invested by the Japanese car maker Nissan Motor and a Chinese-owned battery maker for building new battery plants for electric vehicles in Japan as well as in eth United Kingdom, said a report published by Nikkei.   According to the...

Momentum In Apparel Sale Prompted Gap To Raise 2021 Forecasts

The San Francisco-based retailer Gap Inc now expects to see a continued increase in demand for new apparel with more people stepping out of their homes and socializing once again following a year when most were forced to stay back home because of the Covid-19 pandemic. This prompted the retailer to...

Wall Street Journal Claims Google Close To A Settlement In French Antitrust Case

According to a report published in the Wall Street Journal reported on Thursday citing source information, Alphabet Inc's Google is close to settling an antitrust investigation in France which was initiated against it over allegations that the United States based tech giant had misused its market...

Uber Agrees To Have A Driver’s Union In UK – A First For The Global Firm

The ride hailing company Uber has agreed to allow a workers’ union at the company in the United Kingdom which is the first for the Silicon Valley company anywhere in its global operations.   The GMB union, the largest in the UK, will now be allowed to represent tens of thousands of Uber...

Payments From Gas Projects To Myanmar’s Junta Suspended By Total, Chevron

Some of the payments that was to reach from a joint venture for gas to Myanmar's junta have been suspended by the French oil and gas group Total and the United States based energy company Chevron.   The move has been praised by the pro-democracy activists who have hailed this as the first...

Ford Plans To Have Two New Dedicated EV Platforms By 2025: Reports

United States based auto giant Ford Motor Co plans to develop two dedicated all-electric vehicle platforms of which one will be used for making full-size trucks and SUVs while the other is to be used for cars and smaller SUVs.   According to analysts and experts, this is a part of Ford’s...

Tesla To Use Camera-Based Autopilot Tech Because Of Increasing Scrutiny

An Autopilot system that makes use of a set of cameras will be now used by the United States based electric car maker Tesla Inc and drop the radar sensor system for its Model 3 and Model Y vehicles in North America beginning this month itself, the company said on Tuesday.   This measure was...

Lower EU Fines Over Emissions Collusion Likely For BMW And VW: Reports

It is likely that a reduced antitrust fine for the German car makers BMW and Volkswagen will be settled for by the European Union over use of clean air technology. According to reports quoting sources familiar with the matter, this likelihood surfaced following the EU narrowing down the scope of an...
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