Author Archives
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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 ›
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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 ›
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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 ›
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After Supporting China On Hong Kong, HSBC Facing Flak From China As Well As The West
Pleasing China and the West at the same time is a tough task and British bank HSBC is learning it the hard way. After the top executive of the bank in Asia made a public declaration of the company’s stance… Read More ›
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Corporate Travel Pattern Change Due To Pandemic To Impact Airlines, But There Are ‘Green Shoots’ Too, Says Citi
Airlines across the world may be hard hit by the changes in corporate travel patterns brought in by the novel coronavirus pandemic, but “not all bad news” await he aviation sector as there are opportunities to be had in the… Read More ›
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Its Art Collection To Be Auctioned By British Airways To Raise Funds
As British Airways prepares to make thousands employees redundant, the global airlines plans to put up for sale some of its renowned art collection in order to generate some cash to meet the severe drop in business because of the… Read More ›
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Starbucks Lost $3 Billion In Revenue In Latest Ended Quarter Due To Covid-19 Pandemic
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 ›
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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 ›
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Green Recovery Plans Threatened By Govts’ Covid-19 Stimulus For High-Carbon Industries
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 ›
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Saudi Arabia, Russia And Other OPEC+ Members To Extend Oil Cuts Till July
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 ›
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