MONTREAL: Air Canada announced Friday (May 15) that it will lay off at least half of its staff due to the collapse of its business during the coronavirus pandemic. The airline decided to slash its workforce after reducing flights by 95 per cent due to border closures and lockdown measures,...
Amazon.com Inc said on Friday it would make the "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers' data.
Big technology companies that are reaping gains as result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.
A bipartisan group of 32 U.S. senators on Friday urged the Federal Communications Commission to reconsider a decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose severe risks to global positioning systems crucial to military operations.
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a US$12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China's Huawei, a senior U.S. official said.
Amazon.com Inc said on Friday it would make the "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers' data.
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.
The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a US$660 billion emergency loan program to help small businesses hurt by the novel coronavirus, two people with knowledge of the matter told Reuters.
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses.
If there’s one industry that has been crushed under the weight of the COVID-19 pandemic, it’s the aviation sector. Looks like no one is going anywhere, anytime soon.
