Author Archives
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First Covid-19 Positive Cases In New Zealand After More Than 3 Weeks
Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›
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Historic Drop In Oil Demand In Current Year, Predicts IEA, Recovery In 2021
The drop in demand for oil for the current year will be the steepest in history, predicted the International Energy Agency on Tuesday. The IEA said that “a more stable footing” over the coming months could be reached by the… Read More ›
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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 ›
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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 ›
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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 ›
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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 ›
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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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