Han Moon Hee becomes new head of Korea Railroad Corporation
Korea Railroad Corporation (Korail), the national railway operator of South Korea, has appointed Mr Han Moon Hee as its new president and CEO. He succeeds...
Avion Express reaches 50-aircraft milestone amid growing ACMI demand
Avion Express, the leading narrow-body ACMI and charter airline, has expanded its fleet to 50 A320 family aircraft, an increase of 212% since 2021. The...
Royal Mail and Skyports launch mail by drone in UK’s first permanent service
Orkney, an archipelago in Scotland, has become the first location in the UK to have its mail delivered by drone on a permanent basis. The...
Fitch Ratings lowers U.S. credit rating, citing fiscal woes and governance issues
Fitch Ratings, one of the world’s leading credit rating agencies, announced on Tuesday that it has lowered the U.S. long-term foreign currency issuer default rating...
TPG and Francisco Partners to acquire New Relic
New Relic has agreed to be taken private by TPG and Francisco Partners in a $6.5 billion all-cash deal, the company said on Monday. The private...
AMD to invest $400 million in India, build largest design center in Bengaluru
The U.S. chipmaker Advanced Micro Devices (AMD) has announced that it will invest around $400 million in India over the next five years and will...
Mastercard bans marijuana transactions on its debit cards
Mastercard, one of the world’s largest payment networks, has told financial institutions to stop allowing marijuana transactions on its debit cards, citing the federal illegality...
NatWest CEO quits over Farage account scandal
NatWest Group PLC (LSE:NWG) announced today that its chief executive Alison Rose has stepped down from her role after admitting to misleading a BBC journalist...
Banc of California and PacWest Bancorp to merge in $36 billion deal
Banc of California (BANC.N) and PacWest Bancorp (PACW.O) have announced a merger agreement that will create a $36 billion bank with a strong presence in...
TikTok launches text posts to compete with Twitter and Meta
TikTok has announced a new feature that allows users to post texts on the platform, as it faces increasing competition from Twitter and Meta in...
Thales to acquire U.S. cybersecurity firm Imperva for $3.6 billion
French defence and technology group Thales announced on Tuesday that it has agreed to buy U.S. cybersecurity company Imperva for $3.6 billion in cash, as...
Spotify to increase Premium prices in over 50 countries
Spotify layoffs: Company to cut 17% of jobs | CNN Business Spotify to layoff 17% of employees amid tech slowdown : NPR Spotify, the world’s...