In a significant development, the head of Saudi Arabia’s Chambers of Commerce called for a boycott of Turkish goods and service midst merchants’ reports of animosity between Riyadh and Ankara. Since years, both countries have been at loggerheads over foreign… Read More ›
Day: October 5, 2020
New Zealand’s dairy giant Fonterra to sell China farms for $368M, shift focus on domestic market
In a significant development on Monday, New Zealand’s Fonterra said, it has agreed to sells its farms in China for a total of $367.97 million. Fonterra termed the move, marking a decoupling from China, as one aimed at reducing its… Read More ›
Renewed travel restrictions adds headwinds to aviation outlook: Airbus CEO
According to Michael Schoellhorn, Airbus’ Chief Operating Officer, renewed travel restrictions and rising coronavirus infections have worsened the outlook for the aviation industry. Current air travel levels are only a fraction of normal levels because of travel restriction imposed by… Read More ›
COVID-19 and Brexit will cost UK $174 billion every year for next decade
According to research firm Baker & McKenzie, if Boris Johnson’s government fails to secure a post-Brexit trade deal with the European Union along with the impact the coronavirus is having on the British economy, their combined cost to the United… Read More ›