Author Archives
-
Commonwealth Bank of Australia faces class action lawsuit over credit card and personal loan insurance
On Wednesday, Australia’s top lender Commonwealth Bank of Australia said, a class action lawsuit has been filed against it over the sale of credit card and personal loan insurance. The lawsuit, filed by Slater and Gordon, a law firm, alleges… Read More ›
-
Ease of doing business in China falls further because of coronavirus: European Business Group
On Wednesday, a European business group stated, the COVID-19 pandemic has exacerbated already worrisome trends in doing business in China midst slowing revenue growth, regulatory hurdles and the clout of state-backed businesses. According to the results of the survey, 50%… Read More ›
-
China’s producer price index deflation deepens midst export and import slump
Factory gate prices in May in China fell at their steepest rate in more than 4 years, underscoring growing pressure that faces the country’s manufacturing sector following the COVID-19 pandemic which began in Wuhan, China. The pandemic has ravaged key… Read More ›
-
VW’s selects Ralf Brandstaetter as CEO
In a significant development, Volkswagen announced the stepping down of its Chief Executive Herbert Diess, with its chief operating officer Ralf Brandstaetter replacing him. The management reshuffle comes in the wake of squabbling between Volkswagen’s powerful labour leaders and its… Read More ›
-
Australia adds teeth, overhauls foreign investment laws, enhances national security
On Friday, in a significant development, Australia announced the biggest revision of its foreign investment laws in nearly 50 years, which includes giving the government the power to force the sale of a business if it is deemed as a… Read More ›
-
Will reactivate purchase plans for Airbus A350-1000 for Sydney-London flights: Qantas
On Friday, Australia’s Qantas Airways Ltd disclosed, it will reactivate plans to order airplanes that are capable of commercial flights between Sydney and London, when it regains financial strength. “I think the business case for doing it is very strong,”… Read More ›
-
Capital inflows into Singapore surges midst uncertainties in Hong Kong
Analysts are witnessing a record inflow of funds from abroad being funneled into Singapore bank accounts midst growing uncertainty into Hong Kong’s status as an Asian financial center. Singapore, a fierce competitor of Hong Kong, for being Asia’s premier wealth… Read More ›
-
India and Australia set to sign military logistics accord
On Thursday, in a significant development, officials from India and Australia said, the two countries are set to seal a military logistics pact during an online summit between Indian Prime Ministers Narendra Modi and Scott Morrison. The pact lays the… Read More ›
-
Work-from-home will reshape the fabric of cities: U.S. HR executives survey result
According to the results of a survey on large business associations, more than three out of four U.S. human resource executives opine that the work from home trend will continue to be in vogue even after the threat of the… Read More ›
-
3M hires Monish Patolawala as its CFO
On Wednesday, 3M Co stated, it has appointed General Electric Co’s Monish Patolawala as its chief financial officer. Patolawala will join 3M on July 1. Patolawala, 51, currently serves as GE’s healthcare unit’s CFO. He will be replacing Nick Gangestad,… Read More ›
manageria.biz 