India Bans TikTok and 59 Chinese Apps Over Sovereignty Concerns
India has banned TikTok, and 59 other Chinese apps as tensions escalate between the two countries. A statement from the Country's Minister of Electronics and Information Technology says that the [...]
Norwegian Air Cancels 97 Boeing Max Dreamliner Orders
Norwegian Air has canceled orders for 97 Boeing aircraft in addition to claiming compensation from the planemaker for the grounding of the 737 Max and 787 engine troubles. The airline [...]Boeing Set to Begin 737 Max Certification Flight Tests
Boeing, the American planemaker, is set to begin the 737 Max certification flight tests on Monday, 29th June 2020, seeking to get approvals to return to service. AsReutersreports, pilots and [...]Amazon Acquires Autonomous Driving Startup Zoox for $1.2 Billion
Amazon has signed a deal worth $1.2 billion to acquire autonomous driving startup, Zoox; a company looking to build autonomous driving vehicles from scratch. Details of the agreement reveal that [...]Air France-KLM to Get $3.8 Billion in Aid from the Netherlands
Air France-KLM’s Dutch (Royal Dutch Airlines) is set to receive a $3.8 billion bailout from the Netherlands, a move that seeks to help it recover from the drastic fall in [...]Google to Pay News Publishers in New Licensing Program
Google has announced that it will be paying news publishers for high-quality content in its new licensing program set to debut later this year. The program will help licensed publishers [...]Qantas Airways Announces 6,000 Job Cuts
Australia's flag carrier, Qantas Airways, has announced plans to cut 6,000 jobs, translating to about 20% of its entire workforce. The airline will spend around $600 million on related payments. [...]Kenya to Lift Tariffs on US Items Under FTA
Kenya will gradually remove tariffs on U.S. products as part of its objectives in the Free Trade Agreement. This move will help protect the country's key economic sectors as Kenya [...]Brazil Suspends WhatsApp Payments, Cites Competition Concerns
The Central Bank of Brazil, on Tuesday, 23rd June 2020, ordered Visa and Mastercard to suspend the rollout of WhatsApp Payments service, citing fears that the service would be anti-competitive. [...]PayPal to Sell Cryptocurrency to its 325 Million Users
Paypal plans to roll out direct buying and selling of cryptocurrency through Paypal and Venmo, it's subsidiary. According to sources close to Coindesk, the company will have to launch a [...]Foreign Workers Suffer as American Visa Ban Hits 525,000 People
President Trump yesterday announced a visa freeze that will affect about 525,000 people. The American Visa freeze will run through the end of the year and affect 170,000 people seeking [...]American Airlines to Raise $3.5 Billion in New Financing
American Airlines Group plans to raise $3.5 billion in new financing, a move that seeks to boost its liquidity amid the global COVID-19 pandemic. The airline outlines its plans as [...]
