According to the International Air Transport Association (IATA), the apex industry body for global airlines has predicted that it would not be until 2024 that the industry would be able to return back to pre-crisis levels in terms of business.   The IATA had previously estimated that it...

Minds in Organization of the Petroleum Exporting Countries (OPEC) are focusing on a probably tipping point got global oil demand which may have been triggered by the novel coronavirus pandemic.   Earlier this year, travel restrictions and lockdowns imposed to prevent the spread of the...

Some of the better known Chinese companies in the global technology arena, including names such as the drone-maker DJI, artificial intelligence companies Megvii, SenseTime and iFlytek, surveillance camera vendor Hikvision and e-commerce conglomerate Alibaba Group, are apparently losing out access...

Transfer or export of any technology to Hong Kong that could be used by Chinese authorities to for repression or surveillance in the city will be limited by the European Union, claimed a report published by Reuters citing information from a  EU draft document. This is the first concrete...

There was a growth in business activity in the euro zone in July which marked the first such growth since the region was hit severely by the novel coronavirus pandemic. This was driven by the gradual reopening of many economies that were under lockdown to prevent the spread of thee pandemic and as...

With non-essential stores in England following month of closure because of the novel coronavirus pandemic, retail sales in June in the United Kingdom jumped back and rebounded to almost pre-coronavirus lockdown levels. This spurt also provided a lease of life to the ailing clothing stores of the...

After five days of intense talks, European Union leaders manage to agree on a record novel coronavirus economic package of 750 billion euro ($858 billion) to rescue and revive the economies of the EU battered by the pandemic.   In a unanimous vote in Brussels, heads of state and government...

American manufacturer of electric vehicles and solar panels Tesla Inc. in April-June unexpectedly made a profit for the fourth quarter in a row, and its revenue exceeded experts' expectations. According to a press release, the company reported second-quarter net income of $ 104 million, or 50 cents...

After announcing retraction of all equipment from 5G and other networks supplied by the Chinese telecom equipment making giant Huawei by 2027, the United Kingdom government has sought help from Japan in the roll out of 5G wireless networks in Britain without the need for including the Chinese firm....