Shangri-La Hotels and Resorts is closing its only island resort in the Maldives indefinitely. In a memo seen by several local media outlets, Rahim Flynn, the...
SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) announced plans to cut up to 2,500 more jobs by outsourcing its Australian ground handling operations to lower costs...
(Reuters) – Finnish national carrier Finnair (FIA1S.HE) plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek further savings across its...
BERLIN (Reuters) – German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting...
MUMBAI (Reuters) – Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the...
LONDON (Reuters) – Virgin Atlantic’s trade creditors voted on Tuesday in favour of a 1.2 billion pound ($1.6 billion) rescue plan, moving the airline a step...
CHICAGO (Reuters) – American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to...
SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity...
LONDON (Reuters) – Virgin Atlantic’s creditors will vote on a 1.2 billion pound ($1.6 billion) rescue plan on Tuesday in a crucial test of the airline’s...
DUBAI (Reuters) – Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on...