meltdown

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India’s Adani Group is planning to hire one of the “big six” accounting firms to assess its corporate governance and audit practices following allegations of fraud by short-selling firm Hindenburg, Mint newspaper reported.The audit will be…

Breadcrumb Trail Links PMN Economy PMN Business Article content LONDON — March 2022 will go down in the history books as the moment the global nickel market broke down. The London Metal Exchange’s (LME) six-day suspension of…

As a result of operational disruptions during the recent holiday period which included the cancellation of more than 16,700 flights between Dec. 21 and Dec. 31, Southwest Airlines has updated select fourth-quarter 2022 guidance points,…

After a week of significant cancellations and delays for Southwest Airlines—in which it reduced its flights to one-third of its normal schedule, CEO Bob Jordan issued an apology, and the U.S. Department of Transportation said it would…

The Southwest Airlines Co. meltdown that stranded thousands of passengers during one of the busiest travel weeks of the year exposed a major industry shortcoming: crew-scheduling technology that was largely…

A year ago, crypto analysts, riding high from the successes of 2021, had big hopes for bitcoin, with some of them seeing the token hitting $US100,000 or more in 2022.That’s a far reach from where the coin is actually ending this annus…

The year is not ending on a high note for Elon Musk, the second-richest man in the world.  Tesla’s shares have been in free fall since Musk expressed interest in buying Twitter, and that was in April. Now that Tesla has lost more than half…

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© Reuters. FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Andrew Goudsward (Reuters) - Turmoil in…