Business

Norwegian buys 50 Boeing 737 MAX, ending dispute

Low-cost carrier Norwegian Air Shuttle said Monday it would buy 50 Boeing 737 MAX 8 planes, ending a dispute between the companies and helping revive the US-made aircraft after two deadly crashes.

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

Toshiba apologises to shareholders after vote probe

Toshiba apologised to shareholders Monday and said it would remove two directors after a probe found the Japanese conglomerate had sought government help to try and influence a boardroom vote.

Business

India telecom rivals see wild share swings after record losses

Shares in Indian telecom giants Vodafone Idea and Bharti Airtel went through wild swings on Friday, initially sinking more than ten percent at the open, after the British joint venture reported the worst quarterly loss in ...

Business

India's under-pressure telecom firms hit with $13 bn bill

India's beleaguered telecom companies were dealt a blow on Friday after being told to pay a whopping $13-billion bill, though boosting Asia's richest tycoon Mukesh Ambani who has shaken up the sector with his low-cost deals.