global

End of an era: LG becomes 1st major brand to wind down its global smartphone business

While the move has been rumored for weeks, the company confirmed that the board of directors approved the “strategic” decision…

3 years ago

Global banks bracing for losses amid US hedge fund collapse

The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than…

3 years ago

China’s new partnership with Iran is not a full alliance, but enough to undermine US sanctions & rock global status quo

In the midst of a spat of tensions between China and the West, Beijing’s Foreign Minister Wang Yi spent the…

3 years ago

Global carriers forced to reroute ships to avoid massive Suez Canal traffic jam

Two container ships operated by French shipping and logistics giant CMA CGM Group changed course and were heading towards the…

3 years ago

Traffic jam at Suez Canal sends global shipping costs soaring

The traffic jam has trapped freighters with goods and oil products worth over $10 billion, according to the latest estimates…

3 years ago

Turkey expects tourism to surge by up to 70% amid global Covid-19 vaccination drive

Turkey is expected to see an increase in tourist flows of up to 70% in 2021, according to Firuz Baglikaya,…

3 years ago

UN raises global economic growth outlook on increased US consumer spending

UNCTAD expects the global economy to grow by 4.7% in 2021 compared to the previously forecast 4.3%.“The global recovery that…

3 years ago

China rolls out Covid-19 pass for international travel as global debate over a common health passport heats up

An image of the document shared online shows that it contains passport information as well as Covid-19 test results and…

3 years ago

Global food prices continue to rise with poorest countries hit hardest

The agency said that its food price index jumped by 2.4 percent month-on-month to reach 116.0 points in February. The…

3 years ago

As global carriers rush to order new aircraft RT’s Boom Bust questions quick recovery of travel demand

United has moved up the delivery of 40 Boeing 737 MAX aircraft to 2022 and altogether has 188 orders for…

3 years ago