American Airlines intends to downsize 30% of its managers and administrators, according to The Wall Street Journal, citing a letter sent to the airline. In total, the reduction will affect more than 5 thousand people. The letter said that the removal of federal quarantine and the introduction of...

Telecoms equipment maker Nokia has selected Sari Baldauf as its new chairwoman. She will succeed Risto Siilasmaa who headed the Finnish company for eight years.   Nokia is currently facing a huge challenge of continuing in the race for securing of 5G contracts which is the biggest challenge...

Escalation of commitment bias is particularly prevalent, in high risk strategic decisions, such as mergers and acquisitions (M&A). The acquisition process not only implies technical dimensions but also social, psychological and behavioral dimensions. Mergers and acquisitions involve several actors...

Mergers and acquisitions are vital to the growth of many businesses, yet roughly half of all M&As fail to create value or wealth for shareholders of the acquirers (Gaughan, 2017; Whitaker, 2012). One major reason is that firms tend to treat post-merger integration as a mechanical process that...

The Director General of the World Trade Organization (WTO), Roberto Azevêdo, told the governments of member countries that he plans to resign before the end of his term of office in 2021. It is reported by Bloomberg with reference to four people familiar with the situation. The 62-year-old...

At the time of writing, UNESCO figures suggest that 1.38 billion learners around the world, equivalent to 80% of those in education, are being prevented from attending classes and courses on-site due to national or regional lockdowns. Education providers are scrambling to produce solutions to keep...

Amazon intends to test employees around the world for coronavirus. The company began creation of its first laboratory. Large-scale testing can be one of the ways to restart the economy and return people to work, says Bezos. Regular checks of Amazon employees for coronavirus could be the company's...

The richest man in the world, Amazon CEO Jeff Bezos, earned over $ 6 billion in a day due to record growth in stock prices, Forbes reported. According to the newspaper, on Tuesday at the close of trading, Amazon's stock price rose 5.3% to $ 2,238 per share. As a result, Forbes estimates that...

Noel Quinn has been appointed CEO of the British-Hong Kong banking group HSBC Holdings plc, the company’s website reads. "HSBC announces that Noel Quinn has been appointed the group’s CEO. The appointment will take effect immediately," the release notes. Noel Quinn has been acting CEO since...