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 ›
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 ›
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 ›
In a significant development, Volkswagen announced the stepping down of its Chief Executive Herbert Diess, with its chief operating officer Ralf Brandstaetter replacing him. The management reshuffle comes in the wake of squabbling between Volkswagen’s powerful labour leaders and its… Read More ›
The vital climate talks of the United Nations is being threatened of being sidelined maid the raging novel coronavirus pandemic even as governments and central banks across the world have seemingly failed to set out a green recovery from the… Read More ›
The decision last weekend of OPEC, Russia and allies to extend the deepest cut in oil production till the end of July is expected to have a positive impact on the global oil prices. Since the cuts were imposed bout… Read More ›
The severe hit that the outbreak of the novel coronavirus has had o the sales of luxury cars all over the world has forced British luxury auto makers Bentley, Aston Martin and McLaren to lay off about 3,000 employees over… Read More ›
The fashion brand Victoria’s Secret’s UK arm has been sent into administration which has put more than 800 jobs at possible elimination. All of the 25 stores of the company in the UK have been shut since the beginning of… Read More ›
On Friday, in a significant development, Australia announced the biggest revision of its foreign investment laws in nearly 50 years, which includes giving the government the power to force the sale of a business if it is deemed as a… Read More ›
On Friday, Australia’s Qantas Airways Ltd disclosed, it will reactivate plans to order airplanes that are capable of commercial flights between Sydney and London, when it regains financial strength. “I think the business case for doing it is very strong,”… Read More ›
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