The economic situation of Hong Kong is in a worse condition than was expected because of months of violent pro democracy protests in the city which has paralyzed life, forced closure of shops and businesses and public transportation and scared away tourists. According to official data released Thursday, the Hong Kong economy plunged into recession…
After having discovering “cracking” in one section of the craft, the Australian airline Qantas has decided to ground one of its Boeing 737 NG planes. Following a revelation by Boeing that an area near the wing may be prone to cracking, a number of airlines were also inspecting their 737 NG fleets. The airlines said…
A merger between Chrysler Automobiles (FCA) and the Peugeot owner, Groupe PSA, has finally been announced by the companies for in a deal that will be worth €40bn and r4result in the fourth largest car maker of the world. The boards of the tow companies passed the merger proposal on Thursday. The net entity will…
According to data available from united States Energy Information Administration (EIA), in the first half the of the current year, the country exported more than double the average net exports of net natural gas of 2018 already. Government data showed that the US exported natural gas at the rate of an average of 4.1 billion…
While Facebook still refuses to do anything about political ads that appear on its social media platform even as lawmakers and regulators in the United States and elsewhere clamor for the social media company to exert more control over fake political ads, its fellow social media company Twitter has announced that it would be banning…
Only those DJI drones that are used for critical operations and public safety have survived the ban. On Thursday, Chinese drone maker DJI stated, the U.S. Department of Interior has grounded all non-emergency Chinese-made or part-made drones as part of a review of its entire drone program. Shenzhen-based DJI has confirmed that that the department…
The Nordic business of collapsed British travel company Thomas Cook has been saved following an agreement to purchase the business was made by Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital. Since Thomas Cook’s liquidation in September, the search for a buyer had been ongoing for the profitable Thomas Cook…
A new research conducted by Climate Central, a US-based non-profit news organization, has conclude that later this century, millions more people will be put at risk because of coastal flooding due to rising sea levels driven by climate change. The research also noted that areas that are projected to be below high-tide lines come 2100…
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November will be cancelled, the Chilean government has announced. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese leader Xi Jinping were supposed to sign an initial trade agreement – called the…
The sale of shingles vaccine of GlaxoSmithKline beat market expectations and the continued good performance of the company’s older medicines, including HIV treatments prompted the drug making company to raise its annual profit forecast for the second time this year. Following the announcement by the British drug maker about its expectations of profit for the…
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