Business
United Airlines posted a $1.36 billion loss in the first quarter and will need a rebound in lucrative business and international travel before it returns to profitability.
Apr 20, 2021
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Business
Once a shining symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years, facing scandals and losses before staging a recovery.
Apr 14, 2021
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Business
New Zealand called on Google and Facebook Wednesday to strike deals with Kiwi media similar to those reached in Australia, which require the tech giants to pay for using news.
Mar 3, 2021
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Business
The European Union on Tuesday unveiled tough draft rules targeting tech giants like Google, Amazon and Facebook, whose power Brussels sees as a threat to competition and even democracy.
Dec 14, 2020
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Business
Derided as a "caveman capitalist" by the unions and dubbed a "patriarch" by others, German billionaire Heinz Hermann Thiele, is also a force to be reckoned with at Lufthansa.
Jun 25, 2020
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Business
International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.
Jun 9, 2020
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Business
Some 61 percent fewer new cars were registered on German roads in April 2020 than a year ago, official data showed Wednesday, as Europe's automobile powerhouse matched its neighbours' plunging sales for the industry.
May 6, 2020
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Business
Virgin Atlantic will cut over 3,000 jobs —around a third of staff—as the coronavirus pandemic grounds planes worldwide, the British carrier part-owned by tycoon Richard Branson announced Tuesday.
May 5, 2020
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German carmaker Daimler warned Wednesday that it would likely make an operating loss in the `second quarter due to the impact of the coronavirus pandemic.
Apr 29, 2020
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Business
US President Donald Trump said Thursday his administration would present a plan this weekend to save the flagging airline industry, which is facing vastly reduced business as a result of the coronavirus pandemic.
Apr 10, 2020
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The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
This text uses material from Wikipedia, licensed under CC BY-SA
