On June 30, 2020, Milos Wistrill of the Czech Senate and his wife saluted the press in Taipei, Taipei. Jose Lops Amaral | Nourphoto | Getty Images In a warning issued by the Taiwanese government, China’s top diplomat said Monday that Zen Senate Chairman Milos Wistril would “pay a heavy …
Read More »Rio Tinto cuts the CEO, the executives’ bonuses after the groundbreaking explosion
Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday that it would cut short-term bonuses from its chief executive Jean-Sébastien Jacques and two other seniors following a review of the destruction of the company’s two old caves in Australia. The world’s largest iron ore miner recently stopped …
Read More »India’s IndiGo is not expected to be profitable until 2022
Indian low-cost carrier IndiGo does not expect to be profitable in the next 18 months, according to the CEO of InterGlobe Aviation, which operates the airline. Currently, the airline flies about 32% of its capacity, Ronojoy Dutta said on Friday. IndiGo is one of the largest carriers in the country, …
Read More »Iron prices hit multi-year highs on investment in China’s infrastructure
National Committee for Development and Reform announced that we are ready to launch futures for iron ore in Beijing, China. TPG | Getty Images Iron ore prices have risen this year after many years as the Chinese government promotes infrastructure cuts, and commodity prices themselves rise amid a global pandemic. …
Read More »Cheap airlines can have an advantage in today’s environment: Analysts
Jeju Air plane at Seoul Incheon International Airport. Benard | Andia | Universal Image Group | Getty Images Low-cost careers (LCCs) are likely to have an advantage in a price-sensitive and regionally-focused air travel market, analysts told CNBC. However, one observer warned that the benefit can only be enjoyed if …
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