On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
On Thursday, JPMorgan Chase & Co named veteran Filippo Gori as its new Asia Pacific CEO; he will oversee strategy and operations across seventeen markets in the region. Gori, who has stuck with the bank for the last twenty years,… Read More ›
A study that was conducted to ascertain the value that people in various countries attach to their personal information has shown that Facebook users of Germany would want the social media company to pay them about $8 per month against… Read More ›
The well known Chinese scientist who was behind the discovery of the SARS virus in 2003 has been tapped by Foxconn, the largest contract manufacturer of electronics of the world, to provide the company valuable advice on how to prevent… Read More ›
In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›
In a positive news about the fight to find a drug against the novel coronavirus, the World Health Organization said that it has found that there are signs that the United States based company Gilead’s drug remdesivir could be able… Read More ›
Countries should be ready and prepared for the coronavirus to be “literally knocking at the door”, the World Health Organization (WHO) has warned about the fast spreading deadly virus that originated in China. This warning from the global health body… Read More ›
In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India… Read More ›
