Japan's Economy Shows Signs of Improvement
Japan cabinet office upgraded its economic assessment for the second consecutive month. However, the office said that the situation remains severe as the country gradually reopens. This was an improvement [...]
Wallstreet Closes Higher, Tesla Microsoft Earnings
Wallstreet closed higher on Wednesday's trading session amid rising tensions between the US and China as well as concerns of a second wave of the coronavirus outbreak. On Wednesday, the [...]
Embraer Delivers Only 4 Commercial Planes in Q2
Brazilian planemaker, Embraer delivered only four commercial planes in the second quarter, compared with 26 in the same period last year, occasioned by the global slump in travel due to [...]
World Bank Pushes G-20 to Extend Debt Relief to 2021
World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, [...]
British Airways Retires its Entire Boeing 747 Fleet
British Airways announced that it is retiring its entire Boeing 747 fleet due to the COVID-19 pandemic. A spokesperson from the company says it is unlikely that its 747s will [...]Virgin Atlantic Secures £1.2 Billion Rescue Package
Virgin Atlantic has secured a £1.2 billion rescue package over the next 18 months, only from private funds. The package is to keep the airline flying as the aviation industry [...]Britain Telcos to Remove Huawei 5G Equipment by 2027
UK Telcom companies have up to 2027 to remove all Huawei 5G equipment in their networks following the country's ban on the company's kits. Telecom operators are banned from buying [...]Reliance Jio Confirms Google's $4.5 Billion Investment
Reliance Jio Chairman Mukesh Ambani has confirmed that Google will invest $4.5 billion into the company's digital business. In today's annual general meeting, Ambani said that the search giant would [...]Singapore Enters Recession as GDP Plunges 41.2% in Q2
Singapore's economy entered into recession last quarter as a result of the coronavirus lockdowns which shattered businesses across the world. According to Singapore's Ministry of Trade and Industry, Gross Domestic [...]Google To Invest $10 Billion in India's Economy
Search engine giant Google will invest $ 10 billion in the Google for India Digitization Fund, looking to fast track the country's adoption of digital services. The fund will come [...]Rolls Royce Receives £2bn Loan Amid Decline in Aviation Industry
Aero-engine company Rolls Royce has received a £2 billion loan from a syndicate of banks, including JP Morgan, that will boost its liquidity to 8.1 billion pounds. The loan, which [...]World Bank Appoints KenGen MD Rebecca Miano to its Advisory Board
Rebecca Miano, MD Kenya Electricity Generating Company (KenGen), has joined the World Bank Group's Advisory Council on Gender and Development, serving for two years starting from July 2, 2020. As [...]
