U.S. crude hits 17-year low as lockdowns, restrictions spread
LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-yearContinue Reading
Category: Business
Sri Lanka economy recovering after April 19 terrorist attacks, GDP growth projected at 3.7% for 2020-IMF
The economy is recovering from the terrorist attacks last April, with GDP growth projected at 3.7 percent in 2020. AmbitiousContinue Reading
SriLankan Airlines adds new cities in U.S. and Europe through Qatar Airways codeshare
SriLankan Airlines is strengthening its presence in the U.S. and European markets through the expansion of its existing codeshare agreementContinue Reading
Airbus to pay €3.6bn over ‘endemic’ bribery in world’s largest settlement
Judges on Friday approved a record €3.6bn (£3bn, $3.9bn) settlement to be paid by French plane maker Airbus (AIR.PA) overContinue Reading
Qatar Airways loss spirals as cost surge compounded by Saudi embargo
Qatar Airways reported a near ten-fold increase in annual losses as higher fuel costs and a weaker regional economy compoundedContinue Reading
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
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
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