Category: Business

Global jet fuel markets are coming back to life, resuscitated by a rebound in air cargo demand, gradually recovering passenger traffic and hopes that COVID-19 vaccines will spur more international flights in 2021. The pandemic brought air travel to a virtual halt this year, and analysts say it may take years before global appetite for […]

Hyundai Motor nominated Jaehoon Chang, global head of its premium Genesis brand, as the co-CEO and president on Tuesday, it said in a statement. Lee Won-hee, existing president and co-CEO, will focus on securing a competitive edge in future automotive businesses such as optimizing global businesses and strengthening technology development, the automaker said.

U.S.-based hedge fund Whitebox Advisors LLC publicly opposed a spin-off plan by South Korea’s LG Corp, saying the plan “sacrifices minority shareholder return in order to resolve a family succession issue”. LG Corp said in November it would spin off five affiliates into a new holding company next year, the latest reorganisation at one of […]

The U.S. Department of Homeland Security and thousands of businesses scrambled Monday to investigate and respond to a sweeping hacking campaign that officials suspect was directed by the Russian government. Emails sent by officials at DHS, which oversees border security and defense against hacking, were monitored by the hackers as part of the sophisticated series […]

The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals. The Dow Jones Industrial Average hit a record high before ending lower, pulled down by Walt Disney. U.S. officials began to administer the vaccine […]

A U.S. appeals court on Monday questioned a government lawyer over the Trump administration’s efforts to ban Americans from downloading Chinese-owned TikTok from U.S. app stores. U.S. District Judge Carl Nichols in Washington on Sept. 27 blocked the Commerce Department order hours before it was to prohibit new downloads of the short video-sharing app. The […]

Weeks of testimony from Canadian police and border officials in Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings wrapped up on Monday morning, as lawyers on both sides turn to preparing arguments for a new phase of the case that will begin in March. Testimony focused on whether abuses of process took place during […]