Virgin Australia Holdings Ltd Chief Executive Paul Scurrah will step down within weeks once the airline's sale to U.S. private equity group Bain Capital is completed, the airline's administrator said on Thursday.
Virgin Australia Holdings Ltd Chief Executive Paul Scurrah is negotiating the terms of his exit with the airline's new owner Bain Capital, two people familiar with the matter told Reuters.
Virgin Australia Holdings Ltd Chief Executive Paul Scurrah is negotiating the terms of his exit with the airline's new owner Bain Capital, two people familiar with the matter told Reuters.
Brazilian lender Banco BTG Pactual SA is in talks to take over bankrupt ethanol producer Atvos through a capital injection, one source familiar with the matter said.
United Airlines said on Wednesday it cut operating costs by 59% in the third quarter and had nearly $20 billion of liquidity to position it for an eventual recovery from the COVID-19 crisis that has hammered global airlines.
United Airlines said on Wednesday its total revenue dropped 78% in the third quarter, slowing from an about 87% plunge in the previous quarter as demand for air travel gradually recovered from the coronavirus crisis.
Mexico's economy ministry has suspended the sale of over 20 dairy products for breaching standards, including items sold under Mondelez International Inc's Philadelphia brand and natural yogurt made by France's Danone.
Argentine authorities on Wednesday ended a less-than-24-hour wage strike by the Federation of Oilseeds Workers that had temporarily halted local soy processing at plants owned by major shippers Cargill, Bunge , Glencore and Dreyfus.
Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market.
Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover.
Brazil's J&F Investimentos, parent company of the world's largest meatpacker JBS, pleaded guilty to violations of the U.S. Foreign Corruption Practices Act (FCPA) and agreed to pay $256 million in criminal fines, prosecutors said on Monday.
India's Hindustan Zinc Limited plans to set up a smelter in the western state of Gujarat, it said on Wednesday, potentially increasing the company's zinc refining capacity by a third.
Argentina will not devalue its currency or seize bank deposits despite a financial crisis compounded by the COVID-19 pandemic, President Alberto Fernandez said on Wednesday.
Mexico's economy ministry has suspended the sale of over 20 dairy products for breaching standards, including items sold under Mondelez International Inc.'s Philadelphia brand and natural yoghurt made by France's Danone.
U.S. cannabis products maker cbdMD Inc said on Wednesday it expects full-year sales to double as it saw heavy demand from consumers turning to pot for recreation and relaxation during the COVID-19 pandemic.
Rwanda is in talks with four European and American companies about growing and processing cannabis for export to meet rising pharmaceutical demand for the narcotic, although its consumption is still banned in the country.
French luxury goods group LVMH is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany, people familiar with the matter said.
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