Business
Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced Thursday that airlines in the region have already lost ...
Mar 19, 2020
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Business
German airline group Lufthansa on Monday said it was slashing its long-haul capacity by 90 percent as the industry grapples with the devastating fallout from the coronavirus pandemic.
Mar 16, 2020
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Business
Major travel disruptions due to the new coronavirus have already caused the equivalent of a roughly $100 million loss to airlines in the Middle East, which serves as a connection hub for east-west travel, the industry's main ...
Mar 2, 2020
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Business
Indian hotel giant Oyo said Tuesday it is cutting 1,000 employees, or 10 percent of its local staff, as it battles multiple allegations including bribery and pressure from Japanese backer SoftBank to cut costs.
Jan 14, 2020
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Business
Netflix is seeing rapid subscriber growth in regions including Asia and Latin America as it girds for tougher competition in the streaming market, newly detailed figures show.
Dec 17, 2019
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Business
The Middle East's biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion.
Nov 20, 2019
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Business
Airbus nailed down $30 billion in new plane orders on the second day of the Dubai Airshow after previous rounds of the biennial showcase saw its competitor Boeing take the lion's share of deals.
Nov 18, 2019
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Business
The Philippines' largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the company said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets.
Nov 4, 2019
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Business
The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East for future growth amid investor fears about mounting losses and a slump in its share price.
Oct 22, 2019
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Business
With 49 elevators moving a floor per second and zumba classes for its more than 15,000 employees, Amazon's new Indian headquarters, its biggest building globally, matches its ambitions in a vast but challenging market.
Sep 11, 2019
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