Category: Business

The deepest crisis in aviation history might seem the worst time to relaunch an airline. But for Alitalia the turmoil could provide just the opportunity to drive through reforms that politicians and unions have refused to accept in the past. Under plans shown to lawmakers, the chronically loss-making Italian airline wants to surrender domestic routes […]

India is poised to clear some new investment proposals from China in the coming weeks as frosty relations between the two neighbouring countries thawed amid an easing in border tensions, said three government officials with knowledge of the matter. Last week, India and China began disengagement from the Pangong Tso area, in the Ladakh region […]

Bitcoin rose above $50,000 on Tuesday for the first time, continuing a rally that has seen it rise nearly 900% since March last year. Sceptics of the cryptocurrency’s ability to go mainstream say it is rarely used for regular transactions and is too volatile to be a reliable store of value or hedge against inflation. […]

Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues. In December, an arbitration body awarded the British firm damages of more than $1.2 billion […]

The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain Asda by Britain’s billionaire Issa brothers and TDR Capital. Private equity firm TDR Capital and brothers Zuber and Mohsin Issa agreed in October to buy a majority stake in Britain’s third largest grocer from U.S. group […]

Oil and gas producers Occidental Petroleum and Pioneer Natural Resources have pushed back their fourth-quarter earnings announcements, citing impacts from the harsh winter weather occurring across Texas. Occidental said it would announce fourth-quarter and full-year 2020 financial results after market close on Feb. 22, instead of Feb. 16. Pioneer is now expected to report fourth-quarter […]

General Mills Inc will focus on eight key markets and five global product categories, including ice cream, cereal and Mexican meals, as the Betty Crocker cake mixes maker seeks to reach its long-term goal of up to 3% growth. The Cheerios maker benefited from the trend to cook more at home during the pandemic and […]