International Business

Global Air Cargo Demand Rises 12% In April: Travel Body

Global Air Cargo Demand Rises 12% In April: Travel Body

ANI | Tuesday June 08, 2021, Geneva

Global demand measured in cargo tonne-kilometres was up 12 per cent compared to April 2019 and 7.8 per cent compared to March 2021.

Dogecoin Cryptocurrency Slumps After Hashtag-Fueled Surge To Record High

Dogecoin Cryptocurrency Slumps After Hashtag-Fueled Surge To Record High

Reuters | Wednesday April 21, 2021

Dogecoin ultimately fell 15.4 per cent to US$0.33, but during the session when it hit a record peak, its market capitalization soared to more than $50 billion.

Coca-Cola Posts Sparkling Quarter, Warns Of Rocky Recovery On Rising Covid Cases

Coca-Cola Posts Sparkling Quarter, Warns Of Rocky Recovery On Rising Covid Cases

Reuters | Monday April 19, 2021

Coca-Cola Co thumped estimates for quarterly results on Monday as sales in Asia picked up following the reopening of stores and restaurants.

GameStop Initiates Search For New CEO: Report

GameStop Initiates Search For New CEO: Report

Reuters | Tuesday April 13, 2021

Its stock is up almost 4,000% from a year ago, after it became the poster child of day traders betting on so-called meme stocks.

Australian Mining Stock Surges After Being Mistaken For GameStop

Australian Mining Stock Surges After Being Mistaken For GameStop

Agence France-Presse | Thursday January 28, 2021

Trading volume in the company was at more than 20 times the normal average, leading some to believe that GME had been mistaken for GameStop

Fed Keeps Policy Steady As Biden Inches Closer To Victory

Fed Keeps Policy Steady As Biden Inches Closer To Victory

Reuters | Friday November 06, 2020

Powell said the Fed is only now beginning to consider whether it needs to extend various emergency credit facilities beyond their December 31 expiration.

How World's Biggest IPO Unraveled In A Chaotic 72 Hours

How World's Biggest IPO Unraveled In A Chaotic 72 Hours

Bloomberg News | Thursday November 05, 2020

Shares of Alibaba Group Holding Ltd., which owns about a third of Ant, tumbled more than 8% on Tuesday in New York for the steepest drop in five years.

Almost 200 European Airports Face Insolvency, Says Airports Body

Almost 200 European Airports Face Insolvency, Says Airports Body

Reuters | Tuesday October 27, 2020

Data from ACI showed passenger traffic at European airports decreased 73% year-on-year in September, with 172.5 million passengers lost.

UK Economy Contracts By 20.4% In June Quarter

UK Economy Contracts By 20.4% In June Quarter

Written by Sakshi Bajaj | Wednesday August 12, 2020

Lockdown measures led to record quarterly decline in services, construction and production.

Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report

Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report

Reuters | Monday May 25, 2020

The carrier said last week it was in advanced talks on a deal that would involve the government taking two seats on its supervisory board.

Coronavirus Takes Toll On Global M&A As $1 Billion Deals Disappear

Coronavirus Takes Toll On Global M&A As $1 Billion Deals Disappear

Reuters | Monday April 20, 2020, HONG KONG

The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic.

Oh Brother! Coronavirus Calls Split Family Fortunes On Wall Street

Oh Brother! Coronavirus Calls Split Family Fortunes On Wall Street

Reuters | Friday April 17, 2020, BOSTON

Major U.S stock indices have risen between 7 per cent and 12 per cent since the beginning of April.

US Consumer Prices Record Largest Drop In Five Years

US Consumer Prices Record Largest Drop In Five Years

Reuters | Friday April 10, 2020

Economists polled by Reuters had forecast the CPI dropping 0.3 per cent in March and climbing 1.6 per cent year-on-year.

US Economy Sheds 7 Lakh Jobs In March Amid Coronavirus Crisis

US Economy Sheds 7 Lakh Jobs In March Amid Coronavirus Crisis

Agence France-Presse | Friday April 03, 2020

March recorded worst job loss since March 2009 during the depths of the global financial crisis.

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

Reuters | Thursday March 26, 2020

Governments stepped up efforts to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid.

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