A 2019 move by the Dutch government to buy a 14per cent stake in Air France-KLM was not in accordance with the country's laws, the Netherlands' Court of Audit ruled on Wednesday.
Budget airline Norwegian Air has secured a long-sought credit guarantee from Norway's government after completing a debt restructuring, it said on Wednesday, allowing it to survive in a slimmed-down version.
This COVID-19 season, many think their money problems are not great enough to justify asking for help, says Claer Barrett.
Alibaba Group Holding Ltd will invest 10 billion yuan (US$1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday.
TOKYO: Shares of Fujifilm Holdings fell on Wednesday (May 20) after Kyodo news reported that so far there has been no clear evidence of efficacy for its drug Avigan in treating COVID-19 in some clinical trials. The data reported to Japan's health ministry by hospitals treating people showing mild ......
WELLINGTON: Prime Minister Jacinda Ardern on Wednesday (May 20) raised the prospect of Kiwis enjoying extra public holidays and a shorter working week to help kickstart New Zealand's post-lockdown economy. Ardern said she wanted to encourage "nimble" and creative ideas for recovery after a strict ...
Britain's Rolls-Royce said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic.
China ride-hailing giant Didi Chuxing said on Wednesday that it will start using artificial intelligence (AI) technologies to verify if drivers in its Latin American markets wear masks and disinfect cars to keep rides safe amid the coronavirus pandemic.
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.
What would seem like a sure win for elite investors - early bets on companies racing to make face masks, hand sanitiser and other coronavirus-related protective products - turned out to be a relatively unpopular strategy and one with surprisingly mixed results.
