Business

Abu Dhabi's Etihad carrier posts $476M loss amid pandemic

Abu Dhabi's Etihad carrier announced on Tuesday a whopping $478 million loss for 2021, a figure that underscores the continued challenge airlines around the world face as travelers slowly return to the skies amid COVID-19 ...

Business

Japan's SoftBank drops sale of Arm, plans IPO

SoftBank's planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through, but the Japanese technology investor immediately turned bullish on taking it public.

Business

American Airlines CEO to step down in March

Veteran American Airlines Chief Executive Doug Parker plans to step down in March and will be succeeded by his deputy, Robert Isom, the carrier announced Tuesday.

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