Malaysia’s AAX has proposed restructuring debt and reducing its issued share capital to avoid liquidation and pave way for fresh capital. Reuters
The COVID-19 pandemic has reshaped the global travel landscape and US no-frills carriers are pouncing, aviation experts said. As legacy airlines shrink to contain costs, budget carriers Spirit Airlines,
Singapore Airlines warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand.
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association (IATA) said on Wednesday, citing an internal survey.
Mercury Payments Services was acquired by Unitey Digital in January 2022 to democratize financial services for a large unaddressed market in UAE.
Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market.
Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China’s strict COVID-19 lockdowns and Russia’s invasion