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IATA Forecasts Global Airline Loss Of $157 Billion In Next Two Years

The forecast for the global airline industry was downgraded by the largest global body of the industry on Tuesday because of a second wave of coronavirus infections and restrictions and shutdown being implemented in the major markets and warned that this year and next, the global airlines industry...

Germany Estimates To Pay 22 Bn Euros As Pandemic Aid Firms In First Half Of 2021

A total of about 22 billion euros ($26 billion) is expected to be paid out by the German government as Covid-19 relief aid from January to June next year. It is expected that this huge amount of money would be given to companies and self-employed people as the government expects the impact of the...

Worst Ever Quarter For The Aerospace Industry Due To Pandemic

With record low orders for new aircraft because of the collapse in travel caused by the coronavirus pandemic, the worst quarter ever on record was experienced by the global aerospace industry.   According to the aerospace and defence lobby group ADS, only 13 orders in July and August were...

The Best Social Media Stock So Far This Year Is Pinterest

For investors interested in investing in social media companies, the focus is generally on companies like Facebook, Twitter and Snapchat.   But so far in 2020, Pinterest has sharply outperformed all of its tech peers at the stock market.   So far this year, there has been a 125 per...

New Challenges To Global Tech Industry Posed By China's Ne Export Controls

In addition to raising possibilities that some global tech giants could be forced to split their Chinese operations, a broad range of industries could be upset by the latest additions to China’s list of controlled technology exports, according to legal experts.     For the tech industry...

Hong Kong’s Property Market Gets Hot With Chinese Investors, Foreigners Stay Away

After investment activity in Hong Kong was suppressed because of anti-government protests last year, the city’s commercial property market is being scoured by Mainland Chinese investors after prices dropped by 30 per cent.   With China recovering from the impact of the novel coronavirus...

Safety Test Flights For The Grounded Boeing 737 Max To Be Started By The EU

The European Union is to conduct test flights for the grounded 737 Max planes of Boeing for the first time since the planes were globally grounded in March last year.   In the week beginning 7 September, the tests would take place in Vancouver, Canada, said the European Union Aviation Safety...

TikTok CEO Mayer Resigns Just Three Months After Assuming Post

The American CEO of the Chinese owned short video sharing app TikTok, Kevin Mayer, resigned from the company after just three months of joining and just days after the company filed a legal suit against the United States President Donald Trump’s executive order that effectively banned American...

Ticket Data Shows Hit To Europe's Travel Industry Recovery In August

With rising uncertainty and tourists being deterred from booking trips abroad because of new quarantine rules and warnings over rising infection rates, the recovery plans for the travel industry of Europe has was hit in August after it surged in the previous month.   With Europeans starting...

Pilot Union Of FedEx Call On Company To Suspend Hong Kong Operations

The United States based package delivery company, FedEx Corp, was urged by the union that represents its pilots to temporarily suspend all operations to Hong Kong after it was reported that some of the pilots of the company, who are also members of the union, were put through “extremely difficult...

Incentives For Auto Sector To Boost Exports Planned By India: Reuters Report

With the aim of doubling of exports of vehicles and components in the next five years, the Indian government is preparing to provide a host of incentives to the auto industry in the country, says a report published by news agency Reuters based on information from four sources with direct knowledge...

Global Trade Disputes Could Be Rekindled By The Pandemic

There was a relative calm in global trade and business at the beginning of the year following the Phase I trade deal between the United States and China and the agreement between the US, e European Union and Japan on new global trading rules to curb subsidies.   Then the new novel...
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