Company News

Lufthansa Group’s planned 22,000 job cuts will affect 600 pilots, 2,600 flight attendants and thousands of roles in its maintenance and catering divisions, the company has revealed.In a...

Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported, buying over 2 billion shares in the company for...

"Its sheer size justifies the scrutiny," said Dania Rajendra of the activist group Athena, a coalition which is focused specifically on Amazon's corporate activity and treatment of workers.As...

Telco opportunity to generate revenue through mobile data and fixed broadband plansThe highly saturated mobile telecom market in the Philippines is forecast to witness moderate growth in the...

While other banks are pushing the pause button on pre-Covid job cuts and digital transformation projects, Deutsche Bank is pressing ahead with plans laid down in 2019...and seizing the opportunity to make...

State-owned oil company Saudi Aramco is seeking a review of the buying price for Saudi Basic Industries Corporation (SABIC) after its value dropped by 40 percent due to a slump in oil...

British Airways and Aer Lingus owner International Consolidated Airlines Group (IAG) said flights could resume with a 50% capacity by July.It comes as IAG announced a series of...

Malaysia’s oldest telecom provider Celcom signed a Memorandum of Understanding (MoU) with Digi Telecommunications and Maxis to explore jointly deploy fibre backhaul and rollout fibre to base stations in the country, media reports said. The...

The Lufthansa Group has announced that it may reduce capacity by up to 50 per cent in the coming weeks, due to the “exceptional circumstances” caused by the spread of the coronavirus (‘Covid-19’).

HSBC, as part of its restructuring, seeks to venture into China’s wealth market by combining its private bank with its wealth management and retail banking businesses, media reports said. With that, HSBC has established a...