Author Archives

• NYSE reopens trading floor to designated market makers

  By admin1 on June 16, 2020 • ( 0 )

  

  Nearly three after it closed down following the coronavirus pandemic, the New York Stock Exchange is set to allow a limited number of market makers to its trading floor on Wednesday. The number of designated market makers, who oversee trading… Read More ›

• Second wave of coronavirus infections rattles China’s confidence, market tumbles, stocks fall

  By admin1 on June 15, 2020 • ( 0 )

  

  On Monday, the coronavirus which first emerged in the Chinese city of Wuhan, saw a second wave hitting the Chinese capital with a link to its biggest wholesale food market. Security checkpoints are back in cities, with the Chinese government… Read More ›

• Workers to be back at Volkswagen’s Mexican plants for preparation and training

  By admin1 on June 15, 2020 • ( 0 )

  

  In a statement, Volkswagen AG’s Mexican unit said, workers are scheduled to be back in its plant Puebla on Tuesday. The development underscores VW’s intent to prepare its workers and train them at mitigating COVID-19 related protocols so that production… Read More ›

• Unilever ramps up efforts significantly to fight climate change

  By admin1 on June 15, 2020 • ( 0 )

  

  On Monday Unilever Plc stated, it aims to invest 1 billion euros in a fund which will invest in climate change projects; it also aims to slash its net greenhouse gas emissions to zero from all its products by 2039… Read More ›

• EU secures potential COVID-19 vaccine from AstraZeneca Plc

  By admin1 on June 14, 2020 • ( 0 )

  

  British drugmaker AstraZeneca Plc has signed a contract with various European governments for supplying its potential coronavirus vaccine, as it steps up efforts to help combat the coronavirus pandemic which started in Wuhan China. The contract will see AstraZeneca supplying… Read More ›

• Mitsubishi invests $187 million to acquire 2 idling Sharp Corp’s plants for producing EV power chips

  By admin1 on June 12, 2020 • ( 0 )

  

  In a statement Japan’s Mitsubishi Electric Corp said, it has agreed to buy a part of Sharp Corp’s plant in western Japan in order to meet growing demand for power management chips used in electric vehicles (EVs). The development comes… Read More ›

• Nokia appoints Marco Wiren as its CFO

  By admin1 on June 11, 2020 • ( 0 )

  

  On Thursday, Finnish telecoms giant Nokia said, it has appointed Marco Wiren as its chief financial officer following a management reshuffle earlier this year which saw a change of its chairman and CEO. Wiren will replace Kristian Pullola effective from… Read More ›

• Vietnamese plywood exports under scrutiny over sourcing of raw materials

  By admin1 on June 11, 2020 • ( 0 )

  

  In a statement, the United States said it would examine whether hardwood plywood imports that have been completed in Vietnam using Chinese components are circumventing U.S. duties on imports from China. The move is likely to see similar duties on… Read More ›

• CityFibre to create 10K jobs for upgrading Britain’s infrastructure to full fibre

  By admin1 on June 11, 2020 • ( 0 )

  

  On Thursday, in a statement CityFibre, a broadband company, said it will create up to 10,000 new jobs over the next three years to help upgrade Britain’s digital infrastructure to full fiber. The British government aims to deploy gold-standard fast… Read More ›

• Europe’s Just Eat Takeaway acquires Grubhub for $7.3 billion

  By admin1 on June 11, 2020 • ( 0 )

  

  In a significant development, European food-ordering Just Eat Takeaway.com NV, has agreed to acquire Grubhub Inc, subject to regulatory approval. If the all-stock deal goes through it would create the world’s largest food delivery company outside of China. The deal… Read More ›