SoftBank has pulled a more than US$500 million investment from Credit Suisse's supply chain finance funds after the Swiss bank reviewed the funds including the Japanese conglomerate's role, according to two sources.
Convinced of Tesla Inc's imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro (US$49,000) loan in early October to invest it all in the electric carmaker, which at the time was trading at around US$230 a share.
A long list of companies have pulled advertising from Facebook Inc in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
Some of the world's biggest insurers are wrong to deny a payout to hundreds of thousands of small British businesses, battered by the COVID-19 pandemic, the London High Court was told on Monday.
Delta Air Lines and Southwest Airlines have each received strong demand from pilots for early departure packages aimed at slimming their workforces to weather the coronavirus pandemic, according to preliminary numbers.
Air France-KLM has struck a tentative deal with French pilots to transfer some domestic services to low-cost subsidiary Transavia, as the airline group steps up restructuring in the wake of the coronavirus crisis, the main pilots' union said.
Around 24per cent of Southwest Airlines pilots and around 33per cent of flight attendants have agreed so far to early retirement or long-term leaves of absence, a person familiar with the matter the said, while noting that there is still a period of time for employees to rescind their...
Delta Air Lines and Southwest Airlines have each received strong demand from pilots for early departure packages aimed at slimming their workforces to weather the coronavirus pandemic, according to preliminary numbers.
Around 24per cent of Southwest Airlines pilots and around 33per cent of flight attendants have agreed so far to early retirement or long-term leaves of absence, a person familiar with the matter the said, while noting that there is still a period of time for employees to rescind their...
Russia's Sberbank may be allowed to write off 150 billion roubles (US$2 billion) in a subordinated loan from the central bank as part of the state's support for its biggest bank during the COVID-19 crisis.
