According to a warning issued by Oxfam, up to half a billion people all across the world could be pushed into the poverty because of the economic fallout from coronavirus pandemic that is raving the world. If the warning of… Read More ›
Month: April 2020
Will not layoff employees because of coronavirus pandemic: BlackRock
In a statement, Larry Fink, the CEO of BlackRock Inc, the world’s largest asset manager, said it will not layoff any of its employees during the year because of the coronavirus outbreak. BlackRock will pay full-time wages to support staff,… Read More ›
Class action lawsuit filed against Zoom Video Communication Inc over privacy security concerns
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
Nissan seeking $4.6 billion line of credit following coronavirus sales hit
On Thursday, Japan’s Nikkei business daily reported, Nissan Motor has requested a $4.6 billion (500 billion yen) line of credit from major lenders following a downward trend in sales due to the coronavirus outbreak. Nissan made the request to three… Read More ›
Takeaway.com’s order volumes only mildy affected by coronavirus pandemic
On Thursday, Europe’s biggest food ordering and delivery company, Just Eat Takeaway said, in March its orders had registered a temporarily declined since restaurants were closed as part of a measure imposed by government to contain the spread of the… Read More ›
British online fashion retailer ASOS Plc raises $304 million
In a statement, British online fashion retailer ASOS Plc said, it has raised $304 million (247 million pounds) via a placement as it attempts to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic…. Read More ›
Nissan’s China sales drop by 44.9, sees signs of recovery in market
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›
Airbnb’s new investment by private equity firms Silver Lake & Sixth Street Partners imply reduced valuation
According to sources familiar with the matter at hand, Airbnb Inc’s latest $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation for the home rental company. According to a… Read More ›
Amazon focuses on handling surge in online order, suspends competing with FedEx and UPS in delivery service sector in U.S.
Amazon.com Inc, the world’s biggest online retailer said it will stop competing with FedEx and UPS in the United States and will suspend a delivery service that aims to compete with these companies. Amazon’s delivery service business, Amazon Shipping, will… Read More ›
Over 100 Global Organizations Demand Debt Relief For The Poorest Countries Of The World
Demands for the debt payments of developing countries to be dropped this year have been raised by more than 100 global organizations. the list includes those countries that are among the poorest in the world are finding it almost impossible… Read More ›
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