Qatar plans near 20% staff and fleet cuts; pledges support for investments
Qatar Airways is set to retire around 50 aircraft and almost a fifth of its staff in the wake ofContinue Reading
Category: Business
Saudi Arabia triples VAT, cuts state allowances as crisis bites
Total impact on spending and revenue to be 100 billion riyals Saudi Arabia announced a slew of austerity measures toContinue Reading
Qatar Airways aim rebuild of network to 52 destinations by end of May and 80 in June
Doha, Qatar – Qatar Airways announces the airline will begin a phased approach to expanding its network in line with passengerContinue Reading
Qatar Airways looks to make ‘substantial’ layoffs as coronavirus grounds industry
(ASSOCIATED PRESS) Long-haul carrier Qatar Airways said Wednesday that it will lay off staff as the coronavirus pandemic largely hasContinue Reading
Warren Buffett’s company Berkshire Hathaway sells US airline shares
Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest USContinue Reading
Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as theContinue Reading
Bug leaves iPhones vulnerable to hackers stealing email contents; Apple downplays threat
A newly discovered bug in the built-in Mail app for iPhones could allow an attacker to read, modify and deleteContinue Reading
Historic day for oil markets as WTI crude crashes below zero for first time, settles at negative $37.63
Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused by the coronavirusContinue Reading
Moody’s to review Sri Lanka’s credit rankings as downgrading looms
The Moody’s rating agency has cautioned that it would downgrade Sri Lanka’s rating if its external debt repayments come atContinue Reading
OPEC and allies finalize record oil production cut after days of discussion
KEY POINTS OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 millionContinue Reading
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