Category: Business

Categories Business

US airlines’ losses to pass $35 billion for turbulent 2020 – over 40% of the financial toll suffered by the global industry

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American airlines’ net losses are likely to be more than $35 billion for 2020, accounting for more than 40 percent of global carriers’ losses, as the coronavirus pandemic resulted in the worst year in the history of aviation. … Read More >US airlines’ losses to pass $35 billion for turbulent 2020 – over 40% of the financial toll suffered by the global industry

Categories Business

Beijing warns of retaliation over US delisting of Chinese firms, which runs ‘against market rules & logic’

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China has vowed to take “necessary countermeasures” after the New York Stock Exchange decided to kick out three major Chinese telecom companies over Washington’s assumption that they are linked to the military. … Read More >Beijing warns of retaliation over US delisting of Chinese firms, which runs ‘against market rules & logic’

Categories Business

Move over, Hollywood! China overtook US as world’s biggest movie box office in 2020, set to keep title PERMANENTLY

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Chinese movie ticket sales surpassed those of the US last year, as the global cinema industry struggled to stay afloat amid coronavirus restrictions. The trend began even before the pandemic hit and might be here to stay. … Read More >Move over, Hollywood! China overtook US as world’s biggest movie box office in 2020, set to keep title PERMANENTLY