Articles by admin

Malaysia’s AirAsia Group Bhd said on Friday that the internal inquiry into corruption allegations by Britain’s Serious Fraud Office (SFO) has found that its procurement process with Airbus was robust and justifiable. In a filing to the stock exchange, the airline said the sponsorship of a sports team by Airbus was disclosed to and supported by the Board of Directors of AirAsia Bhd (AAB), the name AirAsia Group was then known by, at the relevant time. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

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The Canadian Union of Public Employees (CUPE) said it was “deeply saddened” to learn that airline would temporarily lay off about 3,600 of its members at Air Canada mainline and all 1,549 of its members at Air Canada Rouge. CUPE, which represents about 10,000 flight attendants at Air Canada and Air Canada Rouge, said the layoffs were effective until April 30 at the earliest. …read more […]

To the annoyance of some shareholders, Royal Dutch Shell (AMS:RDSA) shares are down a considerable 51% in the last… …read more […]

Apple Inc is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets per person, checks on its website on Friday revealed. The purchase caps come just after the hardware maker closed all of its brick-and-mortar stores outside China, as the coronavirus spreads globally and forces lockdowns and limitations on public movement to contain it. Checks on Apple’s website reveal that in numerous countries, a drop-down menu prevents customers from buying more than two of the same model iPhone, across all models. …read more […]

U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time.” U.S. crude and global benchmark Brent have both collapsed about 40% in the last two weeks since talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, broke down which led Saudi Arabia, the world’s biggest oil exporter, to ramp up supply. The more active West Texas Intermediate (WTI) crude futures contract …read more […]