Saturday , 20 December 2025

Recent Posts

Delta Air suspends marketing alliance with Russia’s Aeroflot

  Bloomberg Delta Air Lines Inc suspended a marketing agreement with Aeroflot, Russia’s national airline, after the country invaded Ukraine. Withdrawal of the code-sharing accord, an industry practice that enables passengers to book a multicarrier trip through one airline, is effective immediately, Delta said. The suspension means Delta will no longer book passengers flying through Los Angeles and New York …

Read More »

India’s Reliance takes over 200 Future stores

  Bloomberg Reliance Industries Ltd is taking over 200 stores from struggling Future Group and transferring 30,000 workers from the Future Retail and Future Lifestyle operations, Business Standard reported. Future Group’s financial problems have led landlords to terminate leases, with a number of them contacting Reliance to negotiate new agreements for the 200 outlets, the newspaper said, citing an unidentified …

Read More »

China banks limit financing for Russian commodities

Bloomberg At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Beijing’s pledge to maintain economic ties with one of its most important strategic partners in the face of sanctions by the US and its allies. Industrial & Commercial Bank of China Ltd.’s offshore units stopped issuing US dollar-denominated letters …

Read More »