India’s Go First airline files for bankruptcy | Business and Economy News
Cash-strapped Indian airline Go First filed for bankruptcy proceedings on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.…
Cash-strapped Indian airline Go First filed for bankruptcy proceedings on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.…
Hindenburg Research said Carl Icahn takes money from new investors ‘to pay out dividends to old investors’. Iconic activist investor Carl Icahn was on Tuesday…
With the third major casualty since March, depositors flee regional lenders, driving fears about other smaller banks. Shares of several regional lenders have fallen on…
The Disney lawsuit asks a judge to void the governor’s takeover of the theme park district previously controlled by it for 55 years. Days after…
If the San Francisco-based lender falls into receivership, it would be the third US bank to collapse since March. First Republic Bank shares plunged after…
The United States Federal Reserve has issued a detailed and scathing assessment of its failure to identify problems and push for fixes at Silicon Valley…
The economy was nearly stagnant in February and is expected to contract in March on the back of the nation’s largest strike. The Canadian economy…
The US economy slowed sharply from January through March, decelerating to just a 1.1 percent annual pace as higher interest rates hammered the housing market…
Revenues rose as digital advertisers returned to familiar platforms like Facebook and Instagram in an uncertain economy. Meta Platforms posted its first sales increase in…
Reports show US govt may not intervene in rescue process and regulators may downgrade bank’s score, adding to the stress it faces. First Republic Bank’s…
British antitrust regulators on Wednesday blocked Microsoft’s $69bn purchase of video game maker Activision Blizzard, thwarting the biggest tech deal in history over worries that…
Disney says there was ‘a relentless campaign to weaponize government power against Disney’ over free speech. Walt Disney Co sued Florida Republican Governor Ron DeSantis…
Move seen as sign that Moscow may take further action if Russian assets abroad are seized to pay for damage caused to Ukraine by war.…
British American Tobacco Plc (BAT) has agreed to pay more than $635m to US authorities after a subsidiary pleaded guilty to charges that it conspired…
Janet Yellen warned that a default would result in job losses while driving household payments on higher interest rates. US Treasury Secretary Janet Yellen on…
Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets —…
Tesla has already slashed prices six times this year and chief Elon Musk suggested more such moves ahead. Tesla’s shares sank nearly 10 percent on…
In addition to the news division, layoffs would take place in its business, content, tech and administrative teams. Pulitzer Prize-winning digital media company BuzzFeed will…
The emergency bureau of Shanghai’s Pudong district recommended an unspecified penalty for Tesla, news outlets in China reported. Government inspectors in China concluded Tesla Inc’s…
The Elon Musk-led EV maker has slashed prices several times since last year, sacrificing profit margins to drive sales. Tesla missed market estimates for first-quarter…