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 Mr Hee Seung Na, who…

NNR August 2, 2023

Wire

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 company attributes this achievement to…

NNR August 2, 2023

Wire

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 service, launched by Royal Mail…

NNR August 2, 2023

Wire

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 from AAA to AA+, the…

NNR August 2, 2023

Wire

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 equity firms have offered New…

NNR July 31, 2023

Wire

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 establish its largest design center…

NNR July 28, 2023

Wire

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 of cannabis in the United…

NNR July 27, 2023

Wire

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 about the reasons for closing…

NNR July 26, 2023

Wire

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 California. The deal, which is…

NNR July 26, 2023

Wire

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 the social media space. The…

NNR July 25, 2023

Wire

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 it seeks to expand its…

NNR July 25, 2023

Wire

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 largest music-streaming service, has announced…

NNR July 25, 2023