Indian airline IndiGo stated on Wednesday it has appointed Dutch flag service KLM’s Pieter Elbers as its first foreign leader government. Elbers, 52, has served as President and CEO at KLM considering that 2014, guiding it via the Covid-19 pandemic and overseeing multiple restructuring efforts on the Dutch arm of Air France-KLM. Low-cost carrier IndiGo … Read more
French power firm TotalEnergies said Wednesday it had taken a $four.1 billion impairment rate on its Arctic LNG 2 gasoline undertaking below production in northern Russia. On the eve of reporting its first-region outcomes, the firm said extra sanctions followed with the aid of European government, “extensively prohibiting export from European Union international locations of … Read more
LONDON: Britain on Thursday slapped sanctions on 59 more Russians and entities and six Belarus entities in retaliation to Moscow’s invasion of Ukraine. Targets of the latest asset freeze include Russian diamond giant Alrosa and shadowy mercenary group Wagner, as well as Polina Kovaleva — the stepdaughter of Russian Foreign Minister Sergei Lavrov — and … Read more
BEIJING: China’s Ministry of Commerce (MOFCOM) on Thursday exhorted the US to cancel the tariffs it had imposed, citing the resultant benefits to consumers and producers across the Pacific amid inflation woes, after US President Joe Biden said that he was not ready for a removal of tariffs imposed by his predecessor. “China has always … Read more
PARIS: A record number of companies made their market debut on the Euronext index in 2021 as the pan-European exchange benefitted from Brexit and added Milan to the group, the operator said on Thursday. Euronext said 212 companies were newly listed this year for a total market capitalisation of €123 billion ($139 billion), but it … Read more
The Pakistan Cricket Board (PCB) has appointed Faisal Hussain as the new chief executive after Wasim Khan stepped down. He will formally assume his duties in January 2022. On their official Twitter handle, the PCB congratulated the newly appointed chief executive. We congratulate Faisal Hasnain on his appointment as Chief Executive and look forward to … Read more
LAHORE: A delegation of Sundar Trade and Industry Association (STIA) led by its president Malik Azhar Ali called on Minister for Industries and Commerce Mian Aslam Iqbal at the Civil Secretariat and apprised him about the infrastructure and other issues at the Sundar Industrial Estate, a statement said. The minister said industrial development is the … Read more
LONDON: British airline EasyJet warned on Tuesday that it was “too soon” to assess the impact of the Omicron coronavirus variant on the aviation sector, after logging narrowing annual losses as skies reopened. The emergence last week of Omicron, a new concerning Covid variant first detected in southern Africa, has prompted some nations including Britain … Read more
NEW YORK: After nearly two years of pandemic gloom, American consumers appear primed to spend generously for the holidays in spite of worries over inflation and item availability. Retailers have seen strong buying interest this fall, with robust “back to school” and Halloween sales fueling optimism about the holiday season, which kicks off this week with … Read more
Former Pakistan Cricket Board (PCB) chief executive Wasim Khan, after stepping down from his duties, wrote in his notes that he came to Pakistan with a goal to improve its image and to bring back international cricket. Wasim Khan stepped down from his duties as chief executive of the PCB last month after rising differences … Read more
Qatar Airways has announced a net loss of QAR14.9 billion (US$4.1 billion) for the fiscal year 2020, detailing the entire extent of the Covid-19 epidemic. The carrier claimed the loss was attributable to a one-time impairment charge of QAR8.4 billion (US$2.3 billion) connected to the grounding of its Airbus A380 and A330 fleets in the … Read more
Cricket Australia is hopeful its elite men’s team will tour Pakistan in 2022 but won’t rush a decision, chief executive Kevin Roberts says. Roberts and CA’s head of security Sean Carroll have just returned from Pakistan, the first visit of a high-level Australian delegation in more than a decade. Australia haven’t played in Pakistan since … Read more
