American plans to increase flights by almost 60 per cent starting July 7 compared with June, which could help avoid full planes. Delta Air Lines, Southwest Airlines, JetBlue Airways and Alaska Airlines say they will continue to limit capacity, in some cases through September. [Full Article...]
Monday's announcement seeks more provincial investment and incentives for industries, including petrochemical projects to diversify and support the energy industry, irrigation infrastructure to support the agriculture industry and potentially support for a high-speed railway link between Calgary and Banff being studied by the Canada Infrastructure Bank to boost the tourism industry. [Full Article...]
China said it would retaliate. Protesters gather at a shopping mall in Hong Kong during a pro-democracy protest against Beijing's national security law on Tuesday. " Beijing can't prevent millions of people from voting, but they can remove candidates by disqualifying them", the barrister explained. Authorities can surveil and wiretap persons suspected of endangering national security. [Full Article...]
As another round of fund raising, the education technology start-up Byju's has garnered investment from BOND , Mary Meeker-led tech investment entity. The private equity firm had earlier pumped in around 4.1 billion rupees ($54.2 million) for a 3.85% stake in the company in 2018, according to data sourced by Paper.vc. [Full Article...]
Canada's Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes. The company added that it expects to resume production of its shows in Las Vegas and Orlando before other shows, therefore, the artists and show staff of the resident shows division will not be affected. [Full Article...]
The bonuses will be distributed to workers at Amazon and Whole Foods, as well as delivery drivers, who worked the month of June. The bonuses, which Amazon announced in a blog post on Monday, will cost the company some $500 million, said Dave Clark, the senior vice president who oversees Amazon's logistics group. [Full Article...]
Britain has said the security law would violate China's worldwide obligations and its handover agreement, which promised Hong Kong a high degree of autonomy for 50 years under a "one country, two systems" formula. In his statement , Pompeo claimed that the action was taken to "protect U.S. national security". Mr Raab said that "we fully intend to see through" plans to change visa rules to offer... [Full Article...]
The company's unravelling quickened earlier this week when it said that €1.9 billion previously reported as cash on its balance sheet probably doesn't exist. The European Union is investigating BaFin over the collapse of Wirecard , a rare measure that heaps embarrassment on Germany days before it is due to take over the EU's rotating presidency. [Full Article...]