The novel coronavirus pandemic will cause a loss in the fiscal third quarter, expects the international coffee chain Starbucks. The company predicted a a loss of as much as $3.2 billion in revenue because of the coronavirus pandemic. The company… Read More ›
Day: June 10, 2020
OECD Predicts UK To Be The Worst Hit Economy Among Leading Nations Due To Pandemic
The Organisation for Economic Co-operation and Development has warned that the United Kingdom is likely to the hardest hit economically among the richer countries because of the novel coronavirus pandemic. The OECD said that that there is likely to a… Read More ›
Commonwealth Bank of Australia faces class action lawsuit over credit card and personal loan insurance
On Wednesday, Australia’s top lender Commonwealth Bank of Australia said, a class action lawsuit has been filed against it over the sale of credit card and personal loan insurance. The lawsuit, filed by Slater and Gordon, a law firm, alleges… Read More ›
Ease of doing business in China falls further because of coronavirus: European Business Group
On Wednesday, a European business group stated, the COVID-19 pandemic has exacerbated already worrisome trends in doing business in China midst slowing revenue growth, regulatory hurdles and the clout of state-backed businesses. According to the results of the survey, 50%… Read More ›
China’s producer price index deflation deepens midst export and import slump
Factory gate prices in May in China fell at their steepest rate in more than 4 years, underscoring growing pressure that faces the country’s manufacturing sector following the COVID-19 pandemic which began in Wuhan, China. The pandemic has ravaged key… Read More ›