Hong Kong’s Cathay Pacific Airline CEO Resigns
The flag carrier said Rupert Hogg is stepping down to “take responsibility” after the company suffered a backlash from BeijingContinue Reading
Category: Business
Stocks tumble as ‘inverted yield curve’ sparks global recession worries
Stocks plunged Wednesday on deepening worries over a slowdown in the global economy.
Google blocks Huawei access to Android updates after blacklisting
Google has suspended Huawei’s access to updates of its Android operating system and chipmakers have reportedly cut off supplies toContinue Reading
SriLankan Airlines has 10 percent increase in cancellations, expects more: CEO
SriLankan Airlines’ chief executive Vipula Gunatilleka said on Monday that the carrier had a 10 percent increase in cancellations lastContinue Reading
India’s Jet Airways suspends operations after banks reject plea for emergency funds
MUMBAI/NEW DELHI (Reuters) – Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected itsContinue Reading
Oman denies it has agreed to invest in Sri Lanka oil refinery project
NEW DELHI (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build anContinue Reading
Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery
COLOMBO, March 19 (Reuters) – India’sAccord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion dealContinue Reading
Abu Dhabi allows third party Qatar bound vessels after 20-Month Embargo
An obscure port circular may signal an easing of the almost two-year Saudi-led embargo of Qatar. Abu Dhabi will nowContinue Reading
IMF delays Sri Lanka’s loan discussion on political crisis
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due toContinue Reading
Carlos Ghosn’s arrest and likely dismissal from #Nissan sends shockwaves in auto industry
Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, theContinue Reading
