Wednesday, May 27, 2020

Amazon hit from all sides as crisis highlights growing power

"Its sheer size justifies the scrutiny," said Dania Rajendra of the activist group Athena, a coalition which is focused specifically on Amazon's corporate activity and treatment of workers. As...

Filipino mobile subscriptions set to witness ‘moderate growth’ in 2020

Telco opportunity to generate revenue through mobile data and fixed broadband plans The highly saturated mobile telecom market in the Philippines is forecast to witness moderate growth in the...

Deutsche Bank restarts redundancy programme; views Covid as cost-cutting opportunity

While other banks are pushing the pause button on pre-Covid job cuts and digital transformation projects, Deutsche Bank is pressing ahead with plans laid down in 2019...and seizing the opportunity to make...

Aramco to review SABIC’s price after 40% drop in its value

State-owned oil company Saudi Aramco is seeking a review of the buying price for Saudi Basic Industries Corporation (SABIC) after its value dropped by 40 percent due to a slump in oil...

British Airways owner says flights could resume in July 2020 with 50% capacity

British Airways and Aer Lingus owner International Consolidated Airlines Group (IAG) said flights could resume with a 50% capacity by July. It comes as IAG announced a series of...

Malaysia’s telcos to enhance 4G connectivity ahead of 5G rollout

Malaysia’s oldest telecom provider Celcom signed a Memorandum of Understanding (MoU) with Digi Telecommunications and Maxis to explore jointly deploy fibre backhaul and rollout fibre to base stations in the country, media reports said. The...

Lufthansa Group may halve capacity and ground all A380s in March due to coronavirus

The Lufthansa Group has announced that it may reduce capacity by up to 50 per cent in the coming weeks, due to the “exceptional circumstances” caused by the spread of the coronavirus (‘Covid-19’).

HSBC combines wealth and retail banking to create new global business

HSBC, as part of its restructuring, seeks to venture into China’s wealth market by combining its private bank with its wealth management and retail banking businesses, media reports said. With that, HSBC has established a...

Apple Warns Stores About a Shortage of Replacement iPhones

Apple Inc. warned retail employees about shortages of replacement iPhones, another sign the coronavirus outbreak is straining the company’s supply chain. The company recently told technical support staff at stores that replacement iPhones...

Samsung wins $952 mn contract to develop power plant in the UAE

Samsung’s global construction and engineering unit, Samsung Construction and Trading has won a $952 million contract from the Emirates Water and Electricity Company (EWEC) to build a 2,400 MW combined cycle power plant in Fujairah,...

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