Airline industry needs up to another $80bn to survive pandemic

(BBC) – The world’s airlines need another $70-$80bn of government support to get through the crisis caused by the coronavirus pandemic. That’s according to the head of the International Air Transport Association... Read more »

Venezuela Opens Up To Foreign Oil Investment

Venezuela is opening up to foreign investment in its oil industry, President Nicolas Maduro said this week, in a bid to reverse a catastrophic drop in its output under the weight of... Read more »

US DOT clears planned American-JetBlue partnership

JetBlue Airways and American Airlines say the US Department of Transportation (DOT) has cleared their planned strategic alliance, despite low-cost carriers warning that the tie-up may stifle competition. The DOT has “agreed... Read more »

Facebook harvests info via WhatsApp

Profiting off users for years Since Facebook acquired WhatsApp in 2014, users have been concerned over their personal information being shared between the two platforms. Users of the instant messaging app are... Read more »

Post-Brexit trade: Fish prices ‘collapsing’ in UK

Post-Brexit red tape is causing some UK exports to the EU to grind to a halt, industry bodies have warned, as the new rules that came into force at New Year begin... Read more »

CARILEC Appoints New Chairman And Vice Chairman

Castries, St. Lucia, January 7th, 2021: CARILEC’s Board of Directors has recently appointed a new Chairman in the person of Mr. Leroy Abraham, General Manager of the British Virgin Islands Electricity Corporation (BVIEC). Mr.... Read more »

WestJet slashing jobs, cutting 100s of flights amid COVID restrictions

WestJet is cutting hundreds of flights and laying off employees in an attempt to stay afloat amid the continued coronavirus restrictions that have hammered the travel industry since the pandemic started. On Friday,... Read more »

Elon Musk is officially the richest man on earth

Just when you thought the market couldn’t get any dumber, from Bloomberg: Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8 per... Read more »

WhatsApp Updates Terms As It Moves To Monetise App

(AFP) — The popular messaging app WhatsApp asked its some two billion users on Thursday to accept new terms that will allow it to share more information with its parent company Facebook... Read more »

Boeing to pay $2.5bn over 737 max conspiracy

 (WCSC) – Boeing has agreed to pay more than $2.5 billion in connection to a conspiracy to defraud the FAA related to the evaluation of the company’s 737 MAX airplane, according to... Read more »