STRUGGLING boxship operator Pacific International Lines (PIL) has confirmed that it is in talks with Heliconia Capital Management, an investment firm owned by Temasek Holdings, on a potential investment.
Ryanair will contest a 9 billion-euro (US$9.9 billion) German aid package for Lufthansa, the budget airline's Chief Executive Michael O'Leary said in a statement on Tuesday.
European travel stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the reopening of businesses after a two-month lockdown.
SINGAPORE: More than 40,000 jobs will be created as part of a S$2 billion package to improve the employment situation amid the COVID-19-induced economic downturn. On Tuesday (May 26), Deputy Prime Minister Heng Swee Keat announced in Parliament during the fourth Budget this year an SGUnited Jobs ...
SINGAPORE: As the COVID-19 pandemic continues to hit demand and supply, businesses will get more help with labour and rental costs under the S$33 billion Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday (May 26). To help businesses retain workers, the ...
SINGAPORE: More than S$500 million of the Fortitude Budget will be allocated to support the digital transformation of businesses, including support for e-payments, adopting digital solutions and deepening digital capabilities, announced Deputy Prime Minister Heng Swee Keat on Tuesday (May 26) ...
SINGAPORE: Authorities will monitor and take action if there is evidence of “anti-competitive activity” among petrol retailers in Singapore, said Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng in Parliament on Tuesday (May 26). He was responding to a parliamentary question by ...
Vivendi's Dailymotion video platform and China's Huawei Video on Tuesday announced a partnership to offer international and local video content, as Huawei continues its plans to increase its presence in France and Europe.
Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts to return the German airline group to profitability after a major state bailout.
AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months' worth of coronavirus-related revenue losses.
