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India's SpiceJet Hopes To Start Reuse Of Boeing 737 MAX Planes By Next Month

After a settlement agreement arrived at with lessor Avolon on leases of Boeing Co's grounded 737 MAX jets, India's SpiceJet Ltd nbow expects to get back the airplanes into its fleet and put them into service by the end of September, the airlines said.   After being grounded globally for...

Qantas Expects Restart Of International Travel To Highly Vaccinated Countries From December

Qantas Airways Ltd is getting ready to start international travel with nations that have high vaccination rates in December this year, the premier Australian airlines said on Thursday, as the company reported a narrower annual loss of A$1.73 billion ($1.26 billion) which send its shares up.  ...

Samsung Will Invest $206 Bln Through 2023 Aimed At Growth After Pandemic Ends

South Korea’s tech conglomerate Samsung Group plans to expand its business presence in biopharmaceuticals, artificial intelligence, semiconductors and robotics after the end of the Covid-19 pandemic and has earmarked an investment of 240 trillion won ($206 billion) for this purpose over a period of...

Expectations Of Strong Electronics Demand Prompts Best Buy To Raise Annual Forecast

Electronics retailer Best Buy Co Inc expects continued demand for home computer equipment because of the continued trend of work from home even though there are concerns in the industry about a decline in demand because of perceptions that demand had peaked during the pandemic last year. This...

World’s First Batch Of Steel Made Without Using Coal Shipped By Swedish Company

A Swedish manufacturer of steel is delivering the first “green steel” of the world, made without using coal, the manufacturer said.   According to the Swedish venture Hybrit, the “green steel” is being delivered to German truck-maker Volvo AB. It said that this delivery is being done on a...

Cryptocurreny Buying And Selling Services For UK Customers Launched By PayPal

Customers in the United Kingdom of PayPal Holdings Inc will be able to purchase, sale and hold bitcoin and other cryptocurrencies from this week, the company announced on Monday.   According to analysts, this move by the company, the first time that the company is offering its...

GM Electric Car Recall Pushes Down South Korea's LG Chem Shares

Following the announcement of recalling of an additional 73,000 Chevrolet Bolt cars over fire threats from the battery packs used in them that were made by South Korea’s LG Chem Ltd, which will be replaced with new sets on Friday in the United States, stock prices of the  South Korean battery...

T-Mobile Data Breach Now Totals 53 Million Customers As Ongoing Probe Reveals Wider Impact

Hackers had gained access to personal data of an additional 5.3 million customers of T-Mobile US Inc, the company said following results of an ongoing investigation into a data breach into the company.   The total number of current and prospective customers whose data has been compromised in...

GM To Take $1Bln Hit With Expansion Of Chevy Bolt EV Recall Over Fire Risk

General Motors Co is expanding recall of its Chevrolet Bolt electric vehicles because of reports of risks of fires from the high-voltage battery pack and as a result will take a hit of $1 billion, the company said on Friday.   According to analysts, this will deal a blow to the efforts to...

Britain's Morrisons Agrees To $9.54 Bln Acquisition Offer From CD&R

British supermarket Morrisons has agreed to be taken over by the United States based private equity group Clayton, Dubilier & Rice and accept the offer for a deal worth 7.0 billion pounds ($9.54 billion). Morrisons dropped its previous recommendation in support of a lower acquisition bid from a...

AstraZeneca CEO Top Paid Executive Among FTSE 100 Firms In 2020, Says Report

The highest paid CEO of Britain in 2020 was the chief executive of Covid-19 vaccine maker AstraZeneca, Pascal Soriot, in a year when there was an almost one third decline in the pay of the average FTSE 100 leader, revealed a recent report.   The report from the High Pay Centre said that a...

Apple Urged By Policy Groups To Abandon Plans For Inspecting iMessages And Scan For Abuse Images

Apple should abandon its plans for scanning children’s messages while searching for nudity as well as scanning the phones of adults for pictures of child sex abuse, urged more than 90 policy and rights groups around the world in an open letter that was published by them jointly on Thursday.  ...
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