American Airlines Group Inc expects to have between 10per cent and 20per cent more workers than needed in July 2021, Chief Executive Doug Parker told employees at a town hall this week, and said that avoiding furloughs will be difficult.
Athletic apparel maker Under Armour said on Saturday it will discontinue its partnership with UCLA - a 15-year, US$280 million accord announced in 2016 that was billed as the largest apparel deal in the history of the American collegiate sports.
Wirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly.
The International Monetary Fund said on Friday (Jun 27) it will provide Myanmar with US$356.5 million in emergency funding, as the southeast Asian country battles an economic slump due to the coronavirus pandemic.
SAN FRANCISCO: Coca-Cola, a major force in global advertising, announced Friday (Jun 26) it would suspend ads on social media for at least 30 days, as platforms face a reckoning over how they deal with racist content. "There is no place for racism in the world and there is no place...
FRANKFURT AM MAIN: Britain will have to "accept the consequences" of having weaker economic ties with the European Union because of Brexit, German Chancellor Angela Merkel said Saturday (Jun 27). Merkel hardened the tone from Berlin as Germany and its EU partners strive to draw up an agreement on...
Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema's majority owner Vladimir Evtushenkov said on Saturday.
Chinese ride-hailing giant Didi Chuxing, backed by SoftBank Group, launched a test robotaxi service in a Shanghai suburb on Saturday after installing V2X (Vehicle to Everything) hardware throughout the area.
Swiss drugmaker Roche is unable to meet demand for molecular tests to identify active COVID-19 infections, its chairman told Swiss daily Tagesanzeiger.
KUALA LUMPUR: Malaysian palm plantations have urged the government to let foreign workers return, warning of severe damage to the palm-oil industry if it is not granted an exemption from a hiring freeze. The Malaysian Estate Owners' Association implored the government in a statement on Friday (Jun ...
