Coronavirus fallout: British Airways retires entire Boeing 747 fleet : Bulletin: Business Today
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Coronavirus fallout: British Airways retires entire Boeing 747 fleet

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July 17, 2020

US firms losing confidence in China, India rising as big competitor: Top WH official

US tech giants like Google and Facebook announcing big investments in India shows that people are losing trust in China and India is emerging as a big competitor, a top economic advisor to President Donald Trump said on Thursday. Larry Kudlow, White House Economic Advisor, talking to reporters here, said that with the slashing of corporate taxes, India could be a very attractive investment place.

Coronavirus fallout: British Airways retires entire Boeing 747 fleetBritish Airways, the world's largest operator of Boeing 747, said late Thursday it would retire its entire jumbo jet fleet with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic. Global curbs imposed to stem the spread of the virus led to a turbulence in air travel, placing the future of many airline companies in doubt.

Cyclone Amphan: NABARD sanctions Rs 795 crore to reconstruct damaged infrastructure in Bengal

National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 795 crore for reconstructing infrastructure damaged by cyclone Amphan that ripped through West Bengal in May, an official of the agency said on Thursday. The state government had sought Rs 1,028 crore from NABARD for repairing impaired embankments under Rural Infrastructure Development Fund (RIDF).

Shiv Nadar quits as HCL Tech chairman, hands over reins to daughter Roshni

FBI is leading an inquiry into the Twitter hack, sources sayThe US Federal Bureau of Investigation is leading a federal inquiry into the Twitter hacking, two sources familiar with the situation said, after hackers seized control of accounts belonging to Joe Biden, Kim Kardashian and others in what appeared to be a bitcoin scam. Shares of Twitter added to losses on the news and traded down 1.3 per cent.

India, US inch closer to signing limited trade deal; bilateral free trade agreement a possibility

India and US are inching closer to sign an initial limited trade agreement and iron out differences on trade issues to boost economic ties. Both sides have expressed desired for a bilateral Free Trade Agreement (FTA), according to a press release by the commerce ministry. Commerce and Industry Minister Piyush Goyal held an informal tele-conversation with US commerce secretary Wilbur Ross on Thursday. The proposed deal with the US will pick up only after the US presidential elections, scheduled in November.

Hackers backed by Russia trying to steal coronavirus vaccine data, allege US, UK and Canada

Hackers backed by the Russian state are trying to steal COVID-19 vaccine and treatment research from academic and pharmaceutical institutions around the world, Britain's National Cyber Security Centre (NCSC) said on Thursday. A co-ordinated statement from Britain, the United States and Canada attributed the attacks to group APT29, also known as Cozy Bear, which they said was almost certainly operating as part of Russian intelligence services.

Coronavirus: 'India could have 20 lakh cases by August 10,' warns Rahul Gandhi

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