Kenya Airways to suffer net loss of Sh12.98 bn in 2020Pritam BordoloiMay 28, 2020 by Pritam BordoloiMay 28, 2020 The carrier attributes its poor performance to the adoption of IFRS 16 last year... Read more
Thai Airways’ bankruptcy petition gets acceptedPritam BordoloiMay 28, 2020 by Pritam BordoloiMay 28, 2020 The carrier has hired five planners to plan its rehabilitation process... Read more
Microsoft to invest $2 bn in India’s Reliance’s Jio PlatformsPritam BordoloiMay 28, 2020 by Pritam BordoloiMay 28, 2020 So far, Jio has raised around $10 bn from investors such as Facebook, Silver Lake, KKR and Vista Equity Partners... Read more
Singapore-based AI startup Sentient secures funding for expansionPritam BordoloiMay 28, 2020 by Pritam BordoloiMay 28, 2020 The funding round was led by Japanese internet company Digital Garage Group... Read more
Dubai expects 70% companies to shut businesses in next six monthsInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 The survey was conducted on 1,228 CEOs across various sectors during the period between April 16 and April 22... Read more
Pandemic impacts 30 African oil and gas projects: ReportInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 Last month, the price of Brent crude dropped to $25 per barrel despite plans to lower the output by 9.7 mn barrels a day... Read more
Lufthansa accepts $9.8 bn rescue deal from BerlinInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 With that, Berlin's government would become a shareholder with a 20% stake in the airline... Read more
Airline debt to increase by 28% this year to $550 bn: IATAPritam BordoloiMay 27, 2020 by Pritam BordoloiMay 27, 2020 The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans... Read more
Tencent to invest $70 bn in AI, cloud computing and cybersecurityPritam BordoloiMay 27, 2020May 27, 2020 by Pritam BordoloiMay 27, 2020May 27, 2020 The investment will be made over a period of five years... Read more
Singaporean fintech Gobear secures $17 mn funding to fuel expansionPritam BordoloiMay 27, 2020 by Pritam BordoloiMay 27, 2020 The funding round was led by returning investors Walvis Participaties and Aegon N.V.... Read more