Engineers Charles Mwangi and Shen Jackson Quit Cloudkitchens
Senior Engineers Charles Mwangi and Shen Jackson quit their jobs last week, raising questions about whether Cloudkitchens could lose more engineers. The two were part of a team of 50, [...]
More Job Losses in Airlines as Emirates and Air Canada Announce Lay Offs
Airlines faces more job losses as major airlines down their planes cut off jobs. Emirates is planning to decommission 40% of the Airbus fleets and lay off almost a third [...]Emirates, Air France Ryanair to Resume Passengers Flights
Dubai’s state-owned airline, Emirates, France's Air France-KLM, and Irish budget airline,Ryanair, have announced plans to resume scheduled passenger flights, albeit on a small scale. Emirates plans to resume flights to [...]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 [...]
