Articles by admin

No Picture
Trading Ideas

Alitalia bleeds around 300 million euros a year: administrator

January 7, 2020 admin Comments Off on 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 […]

No Picture
Business News

Goldman Sachs answers investor demands on consumer bank

January 7, 2020 admin Comments Off on Goldman Sachs answers investor demands on consumer bank

Goldman Sachs Group Inc unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s effort to get Goldman in line with rivals like JPMorgan Chase & Co that have bigger consumer businesses and share mor

…read more […]

No Picture
Trading Ideas

Poland's Play plans 5G roll-out in Gdynia in race to offer first services

January 7, 2020 admin Comments Off on Poland's Play plans 5G roll-out in Gdynia in race to offer first services

Polish mobile operator Play Communications is planning to roll out a 5G network in the northern city of Gdynia, its chief executive said, as the country’s telcoms providers rush to be the first to offer commercial next generation services. Mobile internet on 5G networks is expected to offer data speeds up to 50 or 100 times faster than current 4G networks and help expand connectivity. “What we are announcing today is definitely the opening of the first 5G city in Poland and when I say 5G city it’s because this is not a test,” Jean-Marc Harion told reporters …read more […]