Budget airline Wizz Air has warned of the high likelihood of further losses for the remainder of the current financial year. With the low-budget European carrier still reeling from the demand slump spurred on by the COVID-19 pandemic, Chief Executive Jozsef Varadi explained on Wednesday that the company is...
Following the surge of a new coronavirus variant detected in various counties across the region, several Southeast Asian markets are reeling from the crippling effects of the new outbreak. Currently, an array of new lockdown restrictions have been imposed, resulting in mass factory closures and a ramping up of...
The family of the founder of British airline EasyJet made the monumental decision on Thursday to sell a small portion of its share in the company. According to a regulatory filing made during the same day, the Haji-Ioannou family's stake in the company was reduced from 26.7% to 25.3% following...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...
Colonial Pipeline, the largest pipeline system for refined products in the United States, paid a ransom of nearly $5 million to Eastern European hackers on Friday. This was after the hackers used ransomware to disable Colonial Pipeline's computer network.
According to the FBI, the hackers are linked to a...
Chipotle surpassed Wall Street's expectations when they posted their first-quarter earnings of 2021. Apparently, their knight in shining armor was their digital sales, which more than doubled during the pandemic.
Due to hordes of people being forced to stay at home, Chipotle could've crumbled in the wake of these changes....
With Moderna (MRNA) stocks skyrocketing following the successful rollout of the company's COVID-19 vaccine, co-founder and chairman Noubar Afeyan has decided to sell a large portion of his shares totaling a value of approximately $1.4 billion.
From February 22nd through February 24th, Afeyan sold 6.5 million Moderna shares for a...
The U.S. Department of Labor released its weekly new jobless claims report on Thursday, with new jobless claims reaching 744,000 for the week ending April 3rd. Despite signs of increased rehiring and economic recovery, jobless claims have continued to rise since late March.
This result comes as a major surprise...
The Bank of England unveiled a new 50-pound ($69) note on Thursday, in honor of mathematician Alan Turing who helped the United Kingdom win the Second World War with his code-breaking skills. In 1936, Turing wrote a paper that laid the foundation for modern computer science. The paper also...