The move by the new government of the United States under president Joe Biden to not impose additional tariffs on goods from the European Union as a part of the -running dispute over aircraft tariffs was acknowledged by the EU… Read More ›
Month: February 2021
Disney reports third quarterly profit, shrugs off pandemic woes
In a pleasant surprise, Walt Disney Co has reported a quarterly profit after “The Mandalorian” and “Soul” lifted growing streaming business, outweighing pandemic concerns over its hobbled theme park operations. Investors overlooked its 53% decline in park revenues in the… Read More ›
French automobile and electronics firm will work together to improve availability of chips in supply chain: French Finance Ministry
In a statement, the French Finance Ministry stated, French companies from the automobile and electronics sectors will collaborate and work together in the near-term in order to improve and fix supply chain glitches that have hit the automotive industry. Carmakers… Read More ›
Organic Revenue Growth In 2021 Expected By PepsiCo As Vaccines Get Administered
The global beverage leader PepsiCo Inc is hopeful that consumers would be returning to their pre-pandemic lifestyles with the reopening of the economies and the wider implementation of Covid-19 vaccines around the world which prompted the company to forecast organic… Read More ›
U.S. to look at restricting exports of certain sensitive technologies to China: Senior official
According to a senior official from the Biden Administration, the United States is looking to add “new targeted restrictions” on exports of certain sensitive technologies to China in cooperation with allies. The official spoke ahead of Biden’s first call with… Read More ›
MGM Resorts posts record losses, sees increasing footfalls by year end as vaccine rollout widens
MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
Looking forward to resolve aircraft subsidies dispute with Europe: USTR’s office
In a statement the U.S. Trade Representative’s office said, it is looking forward to working with European allies to resolve a dispute over aircraft subsidies. “We know there is great interest in resolving the Boeing-Airbus dispute on both sides of… Read More ›
Chinese Regulators Target Tesla Potentially Ending Elon Musk’s Love-In With China
The United States based electric car maker Tesla now risks upsetting Beijing’s powerful regulators after its founder and CEO Elon Musk spent the last two years to win over China – the largest car market of the world. According to… Read More ›
Pandemic Demand Surge Pushed Barbie To Its Best Sales In Over Five Years
With parents choosing to stock up on toys to keep children busy through the Covi-19 pandemic related school closures, Barbie hit sale figures of $1.35bn last year which was the highest for the company since at least 2014. There was… Read More ›
Nasdaq, NYSE, Cboe Global Markets sue SEC over planned overhaul of public data feed
According to court filings, Nasdaq Inc and the New York Stock Exchange have sued the Securities and Exchange Commission in an attempt to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors…. Read More ›
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