Business

High Court in London backs Virgin Atlantic's rescue plan

Virgin Atlantic's 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused ...

Business

GM suspends dividend to save cash

General Motors announced Monday that it will suspend its dividend and halt share repurchases as it conserves cash amid a broad economic slowdown expected to weigh on auto purchases.

Energy & Green Tech

Renewable and nonrenewable energy in Myanmar's economic growth

The Republic of the Union of Myanmar is located in the western part of the Indochinese Peninsula and has a number of peculiar economic features. Green energy accounts for a considerable share of the country's energy balance. ...

Business

Ex-CEO of Wirecard arrested in case over missing billions

The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company's balance sheet in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors ...

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