Business
Nissan's new chief executive Makoto Uchida is an insider with a global outlook, but he faces an uphill struggle to right the Japanese automaker still reeling from the Carlos Ghosn scandal.
Oct 9, 2019
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Business
The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel.
Mar 5, 2020
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Business
Airlines worldwide face an unprecedented existential threat as the coronavirus shuts down global travel, leaving governments with controversial and costly decisions about which carriers to bail out.
Mar 17, 2020
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Business
A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore's economy, with analysts saying the figures offer a warning that Asia is heading for a slowdown as China-US ...
Jul 21, 2019
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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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Automotive
Crisis-hit Japanese automaker Nissan hopes the resignation of its embattled chief executive will help turn the page on the tumult unleashed by the arrest of former chief Carlos Ghosn.
Sep 10, 2019
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Indian software giant TCS reported a weaker-than-expected increase in first-quarter profits Wednesday, as global banking turmoil and economic uncertainty weighed on its US market.
Apr 12, 2023
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The global financial crisis of 2008–2009 began in July 2007 when a loss of confidence by investors in the value of securitized mortgages in the United States resulted in a liquidity crisis that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008. In September 2008, the crisis deepened, as stock markets worldwide crashed and entered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks.
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