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Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.
WHEN Temasek Holdings announced its results early last month, there was no hiding the stark fact that Singapore’s state investment firm was feeling the full effects of the ongoing US-China trade war.
THE office of startup Match U is located on Shanghai’s Bund, which is lined with some of the world’s most prestigious banks and financial institutions, and sits in an area that has nurtured some of China’s finest bespoke tailors.
AMSTERDAM: Royal Philips NV’s efforts to revamp supply chains to avoid tariffs from the US-China trade dispute are paying off, with the Dutch healthcare company reporting better-than-estimated profit.
HOUSTON: Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.
NEW YORK: The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.