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Business Planet
All Nippon Airways to Fly Axed A380 To Pacific Islands

All Nippon Airways to Fly Axed A380 To Pacific Islands

The Airbus A380 which is the largest passenger airliner in the world with a wide-body and a full-length double-deck which has the capacity to carry up to 550 passengers will be used by Japan’s leading…

Business Planet
GE CEO says Cash Flow Will be Negative This Year, Shares Tank

GE CEO says Cash Flow Will be Negative This Year, Shares Tank

General Electric shares tanked on Tuesday after the conglomerate’s Chief Executive Officer Larry Culp stated that the free cash flow is going to be in the negative in 2019. Larry Culp made this assertion while…

Business Planet
BBC and ITV Collaborate for BritBox Streaming Service

BBC and ITV Collaborate for BritBox Streaming Service

In a significant development that could have far-reaching consequences for the British entertainment industry, two of the biggest television networks in the country are teaming up to launch a TV streaming service to take on…

Business Planet
HSBC Investigation into Huawei Technology Directed US to Detain Huawei CFO Meng Wanzhou

HSBC Investigation into Huawei Technology Directed US to Detain Huawei CFO Meng Wanzhou

Hong Kong and Shanghai Banking Corporation’s (HSBC) internal investigation into Huawei firm helped the US Department of Justice’s (DOJ) to charge against the Huawei CFO Meng Wanzhou. The document that was not made available in…

Business Planet
E-wallet Companies Hail Extension Deadline for Completion of KYC Norms; Will Help Digital Payment Growth

E-wallet Companies Hail Extension Deadline for Completion of KYC Norms; Will Help Digital Payment Growth

The major e-wallet companies like Amazon Pay, Paytm and Mobikwik said on Tuesday that, extending the Know Your Customer (KYC) deadline by six months will help the online payment companies to guarantee that the users…

Business Planet
Apple is worried about its Stocks in China, not due to Slowdown but due to Apple’s Business Model

Apple is worried about its Stocks in China, not due to Slowdown but due to Apple’s Business Model

Apple Inc. noticed a revenue drop by 26.5 percent from greater China; the company had stated that the loss in revenue was due to the economic slowdown in China. When China announced that China had…

Business Planet
Goldman Sachs Expects Oil Prices to Skyrocket in the Coming Months, but Come Down Eventually

Goldman Sachs Expects Oil Prices to Skyrocket in the Coming Months, but Come Down Eventually

Goldman Sachs said on Monday that it expects Brent Oil prices to hit the $75 per barrel mark in coming months. It, however, feels that these prices will come down with the return of “New…

Business Planet
Canada’s Saputo to Take Over British Dairy Company Dairy Crest for £975 Million

Canada’s Saputo to Take Over British Dairy Company Dairy Crest for £975 Million

Leading dairy products company of Britain, Dairy Crest has announced that it has agreed to a near £1 billion takeover by Canadian giant Saputo. The announcement came on Friday as the makers the famous Cathedral…

Business Planet
Britain’s Biggest Supermarket Merger Runs into a Wall

Britain’s Biggest Supermarket Merger Runs into a Wall

When United Kingdom’s largest supermarket chain Sainsbury’s and ASDA reached an agreement last April regarding a merge, there was a widespread belief that the last hurdle for the deal was a clean chit from the…

Business Planet
Aviva to Transfer Business to EU Ahead of Brexit

Aviva to Transfer Business to EU Ahead of Brexit

As the March 29 deadline for Brexit nears, there is a palpable panic across a range of businesses in the United Kingdom and what the implication might be, if the country’s leaders fail to agree…