KARACHI: Regulators have barred Pakistan International Airlines from the European Union for six months after the state-run carrier grounded nearly a third of its pilots for holding fake or dubious licences, officials said on Tuesday (Jun 30). The EU Aviation Safety Agency (EASA) told PIA “it is still not sure” if all the remaining pilots […]

WASHINGTON: The International Monetary Fund said on Friday (Jun 27) it will provide Myanmar with US$356.5 million in emergency funding, as the southeast Asian country battles an economic slump due to the coronavirus pandemic. “The Myanmar economy is being impacted by the outbreak of COVID-19 through a sharp decline in tourism and remittances and supply chain […]

BANGKOK: Low-cost carrier Scoot announced on Friday (Jun 26) that the board of directors of NokScoot has passed a resolution to liquidate the troubled airline.  NokScoot is a joint venture between Scoot and Thailand-based airline Nok Air.  Advertisement Advertisement NokScoot’s shareholders will deliberate the same resolution at a NokScoot general meeting in two weeks, Scoot said in […]

TOKYO: It’s the end of an era: Japan’s Olympus said Wednesday (Jun 24) it is selling its struggling camera division to focus on medical equipment – now the major portion of the storied firm’s business.  Olympus has been in the camera business since 1936, when it launched a product using the “Zuiko” lens, but it has […]

TOKYO: An explosion was reported at Honda Motor’s plant in central Japan, police said on Sunday (Jun 14), with two workers sent to the hospital with burns. The explosion at a switchboard occurred at around 9.15am local time (8.15am Singapore time) in Honda’s plant in Suzuka city, Mie prefecture, an officer with the prefectural police […]

BEIJING: Zoom has gained a following in China in recent months from users ranging from underground churches to feminists who saw it as a rare way to connect with the world beyond the reach of state censors. Some fear that window may be closing. Advertisement Advertisement On Friday, Zoom said it had suspended accounts of three US and […]

SYDNEY: Cathay Pacific Airways Ltd announced on Tuesday (Jun 9) a recapitalisation plan worth HK$39 billion (US$5.03 billion) led by the Hong Kong government to help it weather the COVID-19 pandemic. The government will be issued HK$19.5 billion of preference shares giving it a 6 per cent stake, HK$1.95 billion of warrants and will provide a HK$7.8 billion […]