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The Dutch government has increased its stake in the French-Dutch airline Air France-KLM to 12.68% from 5.9%. According to the Minister of Finance of the country, Wopke Hoekstra, the government plans to continue acquiring the shares of the air carrier in order to increase its share to 14%. This practically compares the participation of the Netherlands with a 14.3% share of France. The Netherlands authorities are taking these steps to protect the economic interests of the country, having achieved the success of the Dutch KLM as part of a company incorporated in May 2004. Air France-KLM CEO, Ben Smith, who received a seat on the KLM supervisory board, simplified its structure by removing a number of powers from its committees. Increasing the share of the Netherlands will allow the country to resolve the issue of obtaining seats on the board of directors.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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