Transsion Lists in Chinese IPO Targeting $394 million
One of China's largest mobile phone maker, Transsion, has listed in an IPO on Shanghai’s STAR Market. Transsion issued 80 million A-shares at an opening price of $5 as it [...]
Forever 21 to Close up to 178 stores in U.S as it Files for Bankruptcy
Forever 21, an American fast-fashion retailer is seeking to shut down close to 178 stores in 40 countries after it filed for the chapter 11 bankruptcy protection, which involves re-organization of [...]
Delta Airlines Set to Buy 20% Stake in LATAM Airlines Group
Delta Airlines is set to buy a 20% stake in LATAM Airlines Group with the aim of expanding its business in Latin America. The stake, which is worth $1.9 billion, [...]China Unveils One of the World's Biggest Airports
China's Daxing International Airport, which boasts of having the world's biggest terminal, was officially opened in a ceremony presided over by President Xi Jinping on Wednesday. The airport's terminal is [...]Huawei Launches 5G Stations Without U.S Components
Huawei Technologies has started making 5G base stations without U.S. parts. This is after the U.S. blacklisted Huawei, limiting its access to components like microprocessors and Google services. The company [...]Kristalina Georgieva Appointed as the IMF Managing Director
The International Monetary Fund (IMF) executive board has appointed Ms Kristalina Georgieva as the new IMF Managing Director. She is meant to serve for a five-year term starting October 1st [...]Condor Airline Gets $420 Million Bridge Loan to Remain in Business
The German Government, in partnership with the state government of Hesse, has granted Condor airline a bridging loan worth 380 million euros (420 million dollars). The airline, which is a [...]Uber's Operating Licence in London Renewed Temporarily for Two Months
Transport for London (TfL) has renewed the operating licence for Uber temporarily for two months. In 2017, TfL rejected Uber’s bid to renew the licence that was first granted in [...]Airbnb employees frustrated over the company's decision not to go public
Airbnb employees have become frustrated by the company's inability to cash in the company's stocks that they received as part of their compensation package. Most employees have started that this [...]Boeing to spend $50 Million to compensate 737 Max Crash Victims
Boeing is set to begin compensation payments for 737 Max crash victims, amounting to a total of $50 million, with each of the approximately 346 families set to receive $144,500 [...]Tour operator Thomas Cook liquidated leaving customers stranded and employees jobless.
UK tour operator Thomas Cook collapsed on Sunday night stranding hundreds of thousands of travelers. The British airline which has been in operation for more than a century, [...]British Airways Pilots' September 27th Strike Called Off
British Airways pilots have called off a strike planned for September 27 so as to pave way for negotiations between the airline and the British Airline Pilots’ Association (BALPA). The [...]
