A 27-year-old U.S.-born yeshiva student has secured control of El Al Israel Airlines following a public share offering that was a government condition for the carrier to receive a 75% state-backed $250 million loan.
South Africa's pandemic-battered tourism sector on Thursday welcomed a government decision to allow international travel from Oct. 1 but officials worried restrictions on key markets facing high infection rates could curtail any recovery.
Ferroglobe, the largest western producer of silicon metal, and its creditors have hired finacial advisers to speed up a restructuring of the company's $451 million of debt, two sources familiar with the situation said.
Delta Air Lines said on Thursday it is raising $9 billion, $2.5 billion more than its previous estimates, through new bonds and loans backed by its SkyMiles loyalty program, as it attempts to strengthen its coronavirus-roiled finances.
Kenya's leading tea producer is setting up a specialised factory to produce Japanese sencha green tea, it said on Thursday, in a move aimed at raising farmers' earnings from the crop.
Delta Air Lines said on Thursday it is raising $9 billion through new bonds and loans backed by its SkyMiles loyalty program, as the carrier attempts to strengthen its cash position to weather the travel downturn due to the pandemic.
White House Chief of Staff Mark Meadows will meet with major airline chief executives on Thursday as the industry braces for thousands of layoffs in two weeks, and he urged lawmakers to embrace a $1.5 trillion coronavirus aid package proposed by a bipartisan congressional group and embraced by President Donald Trump.
Ryanair shareholders backed a 458,000 euro ($540,000) bonus for Group CEO Michael O'Leary on Thursday, although more than a third withheld their support following criticism of the payout at a time of industry crisis.
For more than 200 years, Savile Row in London's elegant Mayfair district has been the place to go for discerning men in search of the perfect, tailor-made suit.
Venezuelan side Estudiantes came back from 2-0 down to beat Alianza Lima 3-2 in the restarted Copa Libertadores on Wednesday - with the help of a coach who was directing play 8,000 km away by phone.
Administrators at state-owned South African Airways (SAA) have called a creditor meeting for Friday as funding for the airline's restructuring has not been received as anticipated, the administrators said on Thursday.
International passengers arriving at Abu Dhabi airport will now have to wear a tracking device while they complete a mandatory 14-day home quarantine due to COVID-19, according to state-owned Etihad Airways.
Jindal Steel and Power Ltd (JSPL), one of India's top steel makers, expects to produce a record 7.5 million tonnes of the alloy this fiscal year, betting on buoyant overseas and domestic demand, a top company official said on Thursday.
The world's top private-sector aluminium producer China Hongqiao Group Ltd has started first phase production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power, a Hongqiao affiliate said on Thursday.
For decades, farmers hungry for land and families needing firewood whittled away at Uganda's forests, home to endangered gorillas, elephants and chimpanzees.
China will make a "necessary response" to a visit by U.S. Undersecretary for Economic Affairs Keith Krach to Chinese-claimed Taiwan, and has lodged a complaint with Washington, the foreign ministry said on Thursday ahead of his arrival.
U.S. Democratic presidential candidate Joe Biden warned the United Kingdom that it must honour the Northern Irish peace deal as it extracts itself from the European Union or there would be no U.S. trade deal.
South African retailer Woolworths Holdings Ltd on Thursday reported a 65.1% slump in earnings for the 52 weeks to June 28, as sales dropped after it shut most shops in the second half of its financial year due to the coronavirus lockdown.