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Business News

Team activated to support global airline safety as Middle East tensions rise

An international aviation team has been activated to support “effective coordination and communication” between airlines and countries as tensions mount in the Middle East after a U.S. drone strike killed an Iranian military commander, global airlines body IATA said on Tuesday.

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Trading Ideas

3 Cannabis ‘Pick and Shovel’ Plays With a Lot of Potential

We all know that the overall cannabis sector took a big hit in 2019, and it probably won’t start to sustainably recover until after the second calendar quarter of 2020.While most of the big players with hands on cannabis have suffered enormous downward pressure on their share prices, some pick and shovel cannabis plays, while also participating in the downturn as measured by their share prices, are also positioned to take advantage of the recovery before their counterparts.In this article we’ll look at Grow Generation, KushCo Holdings, and Innovative Industrial Properties, and what the future holds for them. TipRanks, a …read more […]

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Alitalia bleeds around 300 million euros a year: administrator

Struggling Italian carrier Alitalia [CAITLA.UL] is burning through its cash resources at the pace of around 300 million euros ($334 million) a year, its new temporary administrator Giuseppe Leogrande told members of a parliamentary committee. In November, after months of talks, railway group Ferrovie dello Stato, U.S. carrier Delta Air Lines and infrastructure group Atlantia backtracked on a plan to rescue the carrier. Alitalia, which has been through two previous unsuccessful reorganizations, is due to receive a further 400 million euros from the government, in addition to the 900 million euros the state has injected since …read more […]