Incoming CEO Jarana sees lenders as important as government Management and board of SAA must be committed to turnaround Johannesburg (Bloomberg) - The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five
Year: 2017
UK electric car plan could cause huge infrastructure costs efforts to steer clear of power shortages
....With the number of electric cars set to balloon ahead of the diesel ban, drivers must be persuaded to recharge them overnight to keep infrastructure costs down Britain must plough billions of pounds into new power plants, grid networks and electric vehicle charging points if it is to avoid local power shortages when a
Expedia names Alan Pickerill as new CFO
Expedia Names New CFO as Orderly Transition Unfolds After CEO's Abrupt Departure (MarketWatch) - Expedia, Inc. named Alan Pickerill, a senior vice president at the company, as its chief financial officer Friday. Pickerill takes over the role from former CFO, Mark Okestrom who was named as the chief executive of Expedia. Expedia is the American travel
Traveling To Europe? Prepare For ‘Devastating’ Delays And Missed Connections
Travellers passing through Europe have been advised by airports and various airlines, among them British Airways, EasyJet and Ryanair, to arrive at least three hours early to avoid chaos at passport control. The weekends have been especially difficult at hub airports as tourists returning from their summer holidays join the 1.7 million daily passengers
Red Star Express Records N7.3b Turnover, Declares Dividend
One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million. The
Petrol costs set to soar in UK after Hurricane Harvey
Package-Delivery Companies Hiring Staff, Gear Up Ahead of Holiday Season
Shoppers are spending more money online, a trend that should pick up in the fourth quarter Package-delivery firms are shoring up their staffing in big numbers as they prepare for a holiday season likely to see another surge in online sales. Courier and messenger companies added 3,900 jobs in August, the fifth
Takeover of Arik Airline by Ethiopian, in whose interest?
...Shareholders React to Takeover Plan (Lagos) - Reports that Ethiopia Airlines has indicated interest in signing a contract with the Nigerian government to take over the management of its largest domestic airline, Arik Air, is not going down well with the shareholders and they are wondering whose interest the deal will
Nigeria’s junior oil minister predicts fall in pump price of petrol
Automakers look ahead to replacing Houston’s drowned cars
DETROIT (Reuters) - The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed