"NASDAQ Threatens Delisting Of Luckin Coffee's Shares Over Misconduct
Company
Expedia Q1 Sales Down $2.2 Billion, First Major Loss In 8 Years
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Norwegian Air Shuttle Restructuring Plan Already Completed
"Norwegian Air Shuttle announced that Chinese state-owned BOC Aviation acquired substantial shares from the company as a financial aid. -
TikTok-Owner ByteDance Private Valuation Reportedly Surpasses $100 Billion
"Sources claim that ByteDance managed to significantly increase its private market valuation through a private share transaction.
The Latest
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SpaceX Loses Another Starship Rocket In Catastrophic Explosion
SpaceX already lost three previous test versions of the space vehicle during pressurized tests. 
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Volkswagen Upbeat On Chinese Electric Car Industry With 2 Billion-Euro Investment
China, which accounts for 40 percent of Volkswagen's sales, has become the biggest car market in the world. 
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Tencent Raised A Record $6 Billion In Asia's Largest Debt Deal This Year
Tencent raised $6 billion through the sale of bonds with four separate maturity periods, namely 5, 10, 30, and 40-year bonds. 
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Nissan Reports $6.2 Billion Annual Loss In 2019
Nissan has reported its worst annual loss in 11 years and will push forward with its plan to restore profitability by shrinking its size. 
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JD.com Wins Approval To Sell Shares In Hong Kong; Buys $100-M In Bonds In Gome
JD's stock sale could secure around $2 billion to help boost its foothold in the local market. 
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Nissan Shuts Down Manufacturing Plants In Barcelona And Indonesia
Nissan announced that it would be shutting down its factories in Indonesia and Barcelona to reduce its global production as part of latest cost-cutting strategy. 
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There Are Now 40 Million Jobless Americans
The number of jobless Americans now comes to 40 million, or one-fourth of the entire U.S. workforce. 
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JC Penney Reopens 150 Outlets In 27 States After Bankruptcy Filing
The department store chain revealed plans to shut 192 stores a day after the filing. 
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China Joy Shipping Aiming To Have HNA Group Liquidated In Latest Court Filing
The Panama-based shipping company is once again petitioning for the liquidation of HNA Group as it continues to miss its debt payments. 
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American Airlines To Cut 5,000 Jobs From Admin Due To Ongoing Pandemic
Rival carrier, United Airlines, has also said it will slash its administrative headcount by around 30 percent. 
