Total Energies eliminates Canadian oil sands and increases production in a market with reduced prices

French oil and gas giant Total Energies announced on Thursday that it had accepted a $4.1 billion offer from Suncor Energy to buy its carbon-intensive Canadian oil sands operations. There could also be further payments of up to $450 million.

The corporation initially intended to spin of...

EUROPEAN AIRLINES CUTTING FARES TO BRING BACK THE PASSENGERS

Highlights:

• Because of the novel corona virus crisis which has been putting a chill on the travel, the European airlines have been reducing the fares to attract the passengers to Europe
• According to the Eurocontrol, the air traffic is now 54 percent b...

LUNCH SETS OFFERED AT MARKED DOWN PRICES BY JAPANESE FIRMS

Highlights:

• COVID-19 led to sudden closures of schools as a precautionary measure
• Food suppliers to the schools were left with excess supplies and financial losses

Sudden closure of schools played havoc with the daily routines of par...

JAPANESE HOTELS REDUCE PRICES BY NEARLY 25%

Highlights:

• Top hotels in Japan have reduced their prices by nearly 25 per cent
• The sakura month is generally a busy season, COVID-19 has played havoc with the tourism industry

The early spring season in Japan is a busy season for th...