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 [...]Land Rover's New Version of 2020 Defender Unveiled
Land Rover has unveiled the new version of its Defender, which was scrapped off from the North America market in 1997 due to safety regulations. The new Defender boasts of [...]LSE Board rejects the $37 billion takeover deal by Hong Kong Exchange
London Securities Exchange board has rejected the Hong Kong Exchange $37 Billion takeover deal. The surprise takeover deal proposition by the Hong Kong exchange came barely a month after the [...]Uber's expenses likely to spike after the passing of a Californian bill
The California State Senate has passed a bill that supports the classification of independent contractors as permanent employees. The Senate voted 29 to 11 in support of Assembly Bill 5, [...]Prosus listing makes it the biggest internet company in Europe
Today, Naspers listed its international internet assets through Prosus. A few hours after its listing, Prosus’s value rose to $105 billion, making it the largest European Consumer Tech Stock. It [...]China exempts 16 Categories of U.S. Products from Tariffs
China has announced the exemption from U.S tariffs of 16 categories of products, for a period of one year, with effect from 17th September 2019. The categories exempted from the [...]Uber sends home 435 workers in its second round of staff cuts.
Uber has laid off 435 staff in its product and engineering team. This new development follows an earlier staff cut of almost a third of its global marketing staff. The [...]
