Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus. The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-size […]
Foreign students contributed $44.7 billion to the US economy during 2018, the IIE report says, citing the US Department of Commerce. They supported around 460,000 jobs in the US in the 2018-19 academic year. China was the largest contributor to the foreign student body in the United States, followed by India and Saudi Arabia, the reports says.
Shares in Malaysia’s AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier’s ability to continue as a going concern.
Several Congressman and top educational institutions decried the policy change that will require international students who are in the US with an F-1 visa to take at least one in-person course or else face the prospect of being deported. But the the State Department asserted that many international students who had planned to study this fall in the US may st […]
A recent study has shown that East Asians (Chinese, Japanese, Koreans) are less likely than South Asians (Indians, Pakistanis, Bangladeshis) and whites to attain leadership roles in American organisations. The research focused on three key aspects — prejudice, motivation and assertiveness.
“Following the announcement of positive Covid-19 cases in Hong Kong relating to certain passengers who travelled on our flights, Emirates has taken the decision to temporarily suspend passenger services from Pakistan.
Prominent American academicians and lawmakers have reacted sharply to the new US guideline to kick out foreign students pursuing degrees in the country if their universities switch to online-only classes, calling it as “horrifying” and “cruel.”
US Secretary of state Mike Pompeo said that the US is “certainly looking at” banning Chinese social media apps, including TikTok. Meanwhile, the short-video sharing platform said it will exit the Hong Kong market within days as other technology companies including Facebook Inc have suspended processing government requests for user data in the regio […]
Facebook Inc, Google Inc and Twitter Inc suspended processing government requests for user data in Hong Kong, they said on Monday, following China’s establishment of a sweeping new national security law for the semi-autonomous city. Facebook in a statement said it was pausing reviews for all of its services “pending further assessment of the Nation […]
Air France confirmed plans to cut some 7,500 jobs including 1,000 at sister airline HOP! on Friday, as staff protested over its response to the collapse in travel due to the coronavirus pandemic.
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s but fell behind modern twin-engine aircraft, industry sources said on Friday. Boeing’s “Queen of the Skies” marked its 50-year flying anniversary in February 2019 […]
Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, chief executive Guillaume Faury was quoted on Monday as saying. “For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” Faury said.
China warned Monday that it would impose visa restrictions on US citizens who had “behaved egregiously” over Hong Kong, ahead of expected approval from Beijing lawmakers for a controversial national security law in the city.
Google says it will start paying some publishers for their news content, in a move that could pave the way for reduced tensions between the internet search giant and the beleaguered news industry. The company said on Thursday that it plans to launch this year a licensing programme to pay publishers for “high-quality content”.
The temporary suspension of H-1B and other non-immigrant visas by US President Donald Trump along with other restrictive policies on immigration is detrimental to the United States and its economy, president of a top American business advocacy group has said.
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