Showing 41 - 50 of 119
Cathay Pacific reports first-half loss of $1.27bn
AFP, Published on 12/08/2020
» HONG KONG: Hong Kong carrier Cathay Pacific said Wednesday it lost HK$9.9 billion (US$1.27 billion) in the first half of this year as the coronavirus pandemic sent passenger numbers tumbling, eviscerating its business.
Thai wine sisters take aim at booze monopoly
AFP, Published on 15/07/2020
» Sisters Mimi and Nikki have battled Thailand's tropical climate, chased off elephants from their vineyards and won over a sceptical public to their award-winning wine. Now they're taking on the "unfair" booze laws critics say benefit the kingdom's billionaire booze monopolies.
Big Oil confronts possibility of terminal demand decline
AFP, Published on 05/07/2020
» PARIS - Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.
Global trade set to shrink 18.5% in Q2: WTO
AFP, Published on 23/06/2020
» GENEVA: Global trade is expected to drop around 18.5% year-on-year in the second quarter of this year in a huge coronavirus-driven plunge which nonetheless could have been much worse, the World Trade Organization said Tuesday.
Dubai ports giant 'prepares for worst' as virus impact looms
AFP, Published on 21/06/2020
» DUBAI: The giant Dubai-based ports operator DP World is "preparing for the worst" in the months ahead, as coronavirus inflicts the heaviest blow on global trade since World War II.
Cathay Pacific unveils US$5 billion bailout plan
AFP, Published on 09/06/2020
» HONG KONG: Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus.
UN agency recommends health guidelines for airlines
AFP, Published on 02/06/2020
» MONTREAL: Mask wearing, temperature controls, disinfection of aircraft: the International Civil Aviation Organization on Monday published a series of health recommendations for the pandemic-hit airline industry as it relaunches air travel.
Latin America's stricken airlines facing long haul to recovery
AFP, Published on 31/05/2020
» MEXICO CITY - Latin America's beleaguered airlines will take up to three years to recover losses due to the coronavirus pandemic, and in the meantime desperately need government help, according to experts surveying the damage to the industry.
Latin America's largest airline LATAM files for bankruptcy in US
AFP, Published on 26/05/2020
» NEW YORK - Latin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.
China car sales begin recovery after virus plunge
AFP, Published on 13/05/2020
» BEIJING - The lifting of coronavirus lockdowns in China has given the stuttering auto industry a jumpstart, with sales rising for the first time in two years as buyers return as the health crisis eases.