Business

  • Virgin Atlantic Likely To Bail Out Cash-strapped Flybe

    Virgin Atlantic Likely To Bail Out Cash-strapped Flybe

    Virgin Atlantic has confirmed that it is in discussions with cash strapped airlines firm Flybe and there could be an outright purchase or close alliance between the two. After Exeter based Flybe declared itself bankrupt and open for sale, it was in discussions with several airlines including Virgin. Flybe had warned investors last month that its annual losses for 2018…

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  • Oil Falls As Russia Considers On Cutting Of Oil Production

    Oil Falls As Russia Considers On Cutting Of Oil Production

    Recently, Alexander Novak—Russia’s Energy Minister—stated that energy ministry is considering probable oil production trimming with local manufacturers. The ministry also plans to talk with the OPEC (Organization of the Petroleum Exporting Countries) in early December. Russian news agency Prime stated that Novak asserted that the ministry has already discussed it and would persist to discuss it; however, failed market expectations…

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  • Lockheed Martin Grabs Pentagon $ 23 Billion Contract

    Lockheed Martin Grabs Pentagon $ 23 Billion Contract

    Lockheed Martin Corp received $ 22.7 billion contract from the US Department of Defense for the delivery of 255 F-35 jets, a decision made after the defense contractor was ordered to reduce the cost of its aircraft. The contract provides Lockheed for the delivery of 106 combat jets for military use and rest will be deployed for the service of…

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  • SurveyMonkey Reported 18% Revenue Increase In Its First Quarter

    SurveyMonkey Reported 18% Revenue Increase In Its First Quarter

    Recently, SurveyMonkey reported an 18% increase in revenue, strengthened by sales to venture clients, when it accounted its first profits report as a public company. The company compared the statistics with earlier reports. The observations found were the loss per share was 1 Cent, whereas, previously it was 2 Cents; revenue was $65.2 Million, whereas, previously it was $55.3 Million;…

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  • Self-Driving Mercedes Cabs Will Soon Be On The Roads Of San Jones

    Self-Driving Mercedes Cabs Will Soon Be On The Roads Of San Jones

    As per the joint statement given by Daimler, a German multinational automotive corporation; and Bosch, an auto-parts supplier that they would develop Robot Mercedes cabs, which will be seen traveling through business district San Jones by the end of the next year. The company has a contract for testing the self-driving services over the ride-hailing route in the city. Selected…

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  • LimeBike Expansion By Introducing Car-Rental Services In Seattle

    LimeBike Expansion By Introducing Car-Rental Services In Seattle

    Lime–a transportation company—has been offering bikes and scooters rental services in over 100 cities worldwide. Last month also, the company took a great initiative towards a cleaner environment by launching zero-emission electric scooters and bikes. Now, the company plans to expand its services by initiating its rental car testing this week at Seattle. Even though the city has not permitted…

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  • Marijuana Producer Asserts Surge In Revenue By More Than 85%

    Marijuana Producer Asserts Surge In Revenue By More Than 85%

    Tilray, Canadian marijuana producer, whose shares had a wild year since the financiers considering to cash in on the rising cannabis trend, stated that the profits increased higher than 85% in the last quarter comparing the same period a year ago. Remarkably, that still was not pretty enough to convince traders as the shares decreased by more than 1.5% recently.…

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  • Natural Calamities Affect Economic Growth Of Japan’s GDP

    Natural Calamities Affect Economic Growth Of Japan’s GDP

    The economy of Japan shrank in the third quarter due to disrupted exports and natural disasters strike on spending. Preliminary figures showed that the economy compressed by 1.2% amid July and September. A devastating typhoon and earthquake were among the adversities to hit Japan in the present year and created the larger than imagined contraction. The drop-down also came since…

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  • Oil Price Reduces In The Middle Of Fears Over Oil Demand

    Oil Price Reduces In The Middle Of Fears Over Oil Demand

    Oil prices have fallen down to the lowest level considering the last 8 Months among fears about a reduction in demand. International benchmark Brent crude was reduced to $65.11 (£50.24) per barrel that is a reduction by almost 7%; it is the lowest level since March. The U.S. oil WTI (West Texas Intermediate) dropped to $55.69 that is a reduction…

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