Delta Airlines to Retire Boeing 777 from its Fleet
Delta Airlines has announced plans to permanently remove Boeing 777 from its fleet by the end of 2020. The move seeks to reduce costs and preserve cash amid an unprecedented [...]
JPMorgan Extends Services to Bitcoin Exchanges
JPMorgan Chase is set to begin offering bank accounts to Gemini and Coinbase cryptocurrency exchanges. This is the first time the bank has opened its doors to the crypto industry. [...]Global Markets News Headlines
US stock markets on Wednesday fell at the closing bell after Federal Reserve Chair Jerome Powell announced that the central bank is not considering turning to negative interest rates. He added [...]Uber Technologies in Talks to Acquire Grubhub
Uber Technologies is in the process of implementing a potential all-stock takeover bid of food delivery company, Grubhub. CNBCreports that the acquisition would offer Grubhub shareholders 2.15 Uber shares for [...]India Unveils $260B Stimulus Package
India has announced a 20 trillion rupees ($260B) stimulus package to rescue businesses and soften the devastating blow from coronavirus on workers and economy. The new package will counter the [...]
Tesla Reopens Production Facility in California, Defying Orders
The electric carmaker, Tesla, has reopened its primary car assembly plant in Fremont, California, defying local health authorities and a countywide order that restricts nonessential businesses to minimum basic operations. [...]China Exempts More U.S. Goods from Tariffs
China has announced the exemption of tariffs for 79 items from the US, for a period of one year, with effect from 19th May 2020. The goods in context include [...]Avianca Airline Files for Bankruptcy
Colombia's national carrier, Avianca, has filed for Chapter 11 bankruptcy in the US Southern District of New York. The coronavirus pandemic has seen the airline suspend its international flights since [...]Hyatt to Lay Off 1,300 Employees
Hotel Corporation, Hyatt, has announced plans to lay off 1,300 employees worldwide, owing to the global COVID-19 pandemic that has seen the suspension of travel as one of the measures [...]European Commission Intensifies Fight Against Money Laundering
The European Commission has blacklisted several countries with weak laws against money laundering and terrorist financing activities. They are the Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica,Mauritius, Mongolia, Myanmar, Nicaragua, Panama [...]
Emirates Group Profit Drops 28%
Emirates Group has recorded a 28% decline in full-year profit as the impact of the coronavirus cut into earnings in March. The group results show that net income for the [...]Global Markets News Headlines for Today
According to US media, Tech firms Facebook and Google will allow most of their staff to continue working from home till the end of 2020. Facebook had earlier cancelled all [...]
