In a statement, Volkswagen AG’s Mexican unit said, workers are scheduled to be back in its plant Puebla on Tuesday. The development underscores VW’s intent to prepare its workers and train them at mitigating COVID-19 related protocols so that production… Read More ›
Month: June 2020
Unilever ramps up efforts significantly to fight climate change
On Monday Unilever Plc stated, it aims to invest 1 billion euros in a fund which will invest in climate change projects; it also aims to slash its net greenhouse gas emissions to zero from all its products by 2039… Read More ›
Global Luxury Brands See Hope Of Re Bound In ‘Revenge Spending’ Of Chinese Consumers
There is some hope for the global luxury goods industry to stage a revival from the novel coronavirus pandemic related impact on their business as Chinese consumers have finally started to purchase high-end handbags, shoes and jewelry again. However the… Read More ›
Australia Calls On Foreign Students To Chose The Country For Studies As China Advises Students Not To
As Australia still struggles with its latest tensions with China, Australia wants to hold on to the international students studying in the country. Students from all over the world were urged by Australia’s finance minister to “consider Australia” because despite… Read More ›
EU secures potential COVID-19 vaccine from AstraZeneca Plc
British drugmaker AstraZeneca Plc has signed a contract with various European governments for supplying its potential coronavirus vaccine, as it steps up efforts to help combat the coronavirus pandemic which started in Wuhan China. The contract will see AstraZeneca supplying… Read More ›
Facebook’s Acquisition Of GIF Making Firm Now Being Investigated In The UK
Regulators have again put the social media giant Facebook under its scanner this time over the company’s acquisition of a search engine that is often used to find GIFs of John Travolta and dumpster fires. The Competition and Markets Authority… Read More ›
Covid-19 Pandemic Forces Saudi Arabia To Consider Hajj Cancellation: Reports
The coronavirus pandemic has forced Saudi Arabia to consider cancellation of the annual hajj pilgrimage this year, according to a report published by the Financial Times. The hajj is one of the most holy activities for Muslims which involves travelling… Read More ›
UK Firms Have Made Dramatic Scaling Back Of Investment Plans, Finds Latest Survey
A leading business survey in the United Kingdom has revealed that companies have dramatically scaled back investment plans for the rest of the current year because of the uncertainty of the future of the country’s economy which has been hit… Read More ›
Pandemic Effect: 20.4% Slump In UK Economy In April, The Highest Ever
The novel coronavirus hit on the economy of the United Kingdom caused a 20.4 per cent contraction in April – the highest ever fall in a single month. During April, when the entire country was under lockdown for the entire… Read More ›
Global Coronavirus Lockdown Hits Luxury Food Industry Hard
The outbreak of the coronavirus pandemic across the world has resulted in the temporary closure of thousands of restaurants while many economies have slipped into recession which has severely hit the global demand for premium foods like wagyu beef, bluefin… Read More ›