Increased competition, rising costs of fuel and global economic issues have caused a hiccup in the expansion of global airline industry forcing companies in the sector to look for deals an d consolidation even as there has been failure of some high profile deals. Keeping in line with this trend in the industry, Spain’s Air…
Google has decided to purchase the fitness device marker Fitbit in a deal worth $2.1 billion. According to analysts, this deal will allow Google to venture into the health trackers and smart watches market. This deal can also be helpful for Fitbit because it is taking place at a time when the company is seeking…
One billion pieces of plastic packaging from products in its United Kingdom’s stores has been pledged to be removed by the end of 2020 by the UK’s largest retailer, Tesco. The aim of this move is to reduce its environmental footprint burden and adhere ot increasing consumer demands for reduction of waste. After the airing…
The global video streaming industry now has a new player that is looking to gate crash this fast growing business segment – Apple launched its streaming services Apple TV+ on Friday with an offer of free services for all new Apple devices that would be purchased for the first year. The service was launched in…
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…
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…
