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World - 2020-05-21
Virus prompts Air France-KLM to ditch A380s
Global Business Economy

Virus prompts Air France-KLM to ditch A380s

Air France-KLM announced Wednesday the "definitive end" of operations of the world's biggest commercial airliner, the A380, owing to the devastating coronavirus impact on air travel.
Published 21 May, 2020 12:09am
Dubai investment arm's net profits rise
Global Business Economy

Dubai investment arm's net profits rise

The Investment Corporation of Dubai reported Wednesday a 16.9 percent rise in 2019 profit but anticipated "significant disruptions" ahead due to the coronavirus pandemic. The emirate's investment arm, which holds major stakes in a highly diversified portf
Published 21 May, 2020 12:09am
China becomes large shareholder in Norwegian Air Shuttle
Global Business Economy

China becomes large shareholder in Norwegian Air Shuttle

Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.
Published 21 May, 2020 12:09am
Son of Mexican ex-president kills himself

Son of Mexican ex-president kills himself

A son of Mexico's former president Luis Echeverria Alvarez, who governed in the 1970s with an iron fist, has killed himself, authorities said Tuesday.
Published 21 May, 2020 12:09am
LG chairman apologises over gas leak, fire

LG chairman apologises over gas leak, fire

LG Group chairman Koo Gwang-mo apologised Wednesday over two fatal accidents at LG Chem facilities in the past two weeks, reports said, including a gas leak in India that killed 12 people.
Published 21 May, 2020 12:09am
Two dams fail in Michigan

Two dams fail in Michigan

Thousands of residents were being evacuated in Michigan Wednesday after two dams failed following heavy rains and triggered what officials warned will be "historic" flooding.
Published 21 May, 2020 12:09am
Central Africa army, UN troops repel attack

Central Africa army, UN troops repel attack

Government forces in southeastern Central African Republic, backed by UN troops, on Wednesday repelled an attack by a rebel militia, killing "around 10" assailants and capturing others, an official spokesman said.
Published 21 May, 2020 12:09am
China slams US for 'dangerous' message to Taiwan's leader

China slams US for 'dangerous' message to Taiwan's leader

China slammed the United States for its "dangerous" decision to congratulate Taiwan's President Tsai Ing-wen on her Wednesday inauguration, as the self-ruled island became the latest flashpoint between the world's two largest economies. Taiwanese voters h
Published 21 May, 2020 12:09am