One of Asia’s largest airlines, Cathay Pacific, is facing a revolt from pilots who say Hong Kong’s tough quarantine rules under its zero-COVID policies are endangering their mental health, leading to rising stress and resignations.
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
Planemakers are likely to unveil new orders and models at the world’s largest business jet show this week as they aim to cash in on a boom in private travel, but executives warn of headwinds due to a capacity crunch.
Covid 19 has put the entire world in a difficult situation. People…
Two Federal Reserve officials on Monday expressed strong skepticism about the need for the central bank to issue a digital currency, saying that many dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.
Housebuilder and logistics firm St. Modwen Properties (SMP.L) said on Thursday it has agreed to a sweetened 1.25 billion pounds ($1.75 billion) offer from U.S. private equity firm Blackstone (BX.N) to take it private.
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.
Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country’s major southern ports.