BRISBANE: Virgin Australia Holdings Ltd on Monday (Sep 16) said it entered an agreement to buy back the 35 per cent of its Velocity frequent flyer programme that it does not already own for A$700 million (US$481 million) from private-equity group Affinity Equity Partners. Australia's second ...
Australian intelligence determined China was responsible for a cyber-attack on its national parliament and three largest political parties before the general election in May, five people with direct knowledge of the matter told Reuters.
(Corrects grammar in paragraph 3) By Joshua Franklin, Anirban Sen and Jessica DiNapoli : WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between US$10 billion and US$12 billion, a dramatic discount to the US$47 billion valuation it achieved in January ......
OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly US opioid epidemic.
SYDNEY: Volkswagen has agreed to pay up to A$127 million (US$87.3 million) to settle multiple class action suits brought by Australian motorists over a diesel emissions cheating scandal, the parties' lawyers said Monday (Sep 16). The German car giant, which owns brands ranging from luxury Audi to ...
JOHOR BAHRU: Tourist arrivals in Johor have remained steady despite the haze, Malaysian officials said on Sunday (Sep 15). Arrivals in Johor, particularly from Singapore, have remained high, and there have not been complaints about tourists falling ill because of the haze, said State Tourism ...
WASHINGTON: US President Donald Trump said on Sunday (Sep 15) that the United States was “locked and loaded” for a potential response to the attack on Saudi Arabia’s oil facilities, after a senior official in his administration said Iran was to blame. Trump also authorized the use of the ......
SHANGHAI: Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6 per cent or more because of the high base from which it was starting and the complicated international backdrop. The world’s second-largest economy faced “certain downward pressure” due to ...
LONDON: The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. Here are some facts about the impact on oil supply and spare capacity: WHY IS IT SO ...
Dream Global Real Estate Investment Trust said on Sunday it is to be bought by funds managed by Blackstone Group Inc in a CUS$6.2 billion (US$4.69 billion) deal.
