Edition:
United Kingdom

Maria Ponnezhath

United Wholesale agrees merger with Gores Holdings to go public

23 Sep 2020

United Wholesale Mortgage (UWM) said on Wednesday it has agreed to go public by merging with special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the wholesale mortgage lender at $16.1 billion.

United Wholesale Mortgage plans SPAC IPO in merger with Gores Holdings

23 Sep 2020

United Wholesale Mortgage said on Wednesday it is planning to go public by merging with special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the wholesale mortgage lender at $16.1 billion.

Rolls-Royce plans to raise up to 2.5 billion pounds as COVID-19 bites

19 Sep 2020

Britain's Rolls-Royce Holdings Plc said on Saturday it was looking to raise up to 2.5 billion pounds ($3.2 billion) in an effort to strengthen its balance sheet.

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

17 Jul 2020

British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the COVID-19 pandemic sent air travel into freefall. | Video

UPDATE 1-End of the jumbo: British Airways retires 747 fleet early on coronavirus woes

17 Jul 2020

LONDON/BENGALURU, July 17 British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the novel coronavirus pandemic sent air travel into freefall.

British Airways retires entire fleet of Boeing's jumbo jets

17 Jul 2020

July 17 British Airways, the world's largest operator of Boeing 747, said late Thursday it would retire its entire jumbo jet fleet with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic.

DHL temporarily suspends Chinese import shipments to India

01 Jul 2020

German logistics company DHL said on Wednesday it had temporarily suspended picking up import shipments from China to India, after border tensions between the countries led to clearance delays.

DHL temporarily suspends Chinese import shipments to India

01 Jul 2020

July 1 German logistics company DHL said on Wednesday it has temporarily suspended picking up import shipments from China to India, after border tensions between the countries led to clearance delays.

Delta to warn pilots about possible furloughs, offers early retirement

27 Jun 2020

Delta Air Lines said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand.

World News

PM Johnson and EU chief seek to break Brexit impasse

British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to try to break an impasse in trade talks with time running out to avoid a chaotic end to the Brexit saga.