In a report, the Financial Times cited WeWork’s Executive Chairman Marcelo Claure as saying, the office-sharing company was on course to report a positive cash flow in 2021 – a year earlier than the target it had set in February…. Read More ›
Creativity
One third of U.S. companies in Hong Kong plan on moving assets or business in long term: Amcham
According to the results of a survey conducted by the American Chamber of Commerce (Amcham), most U.S. companies in Hong Kong have concerns regarding the draconian changes imposed by China on Hong Kong in the garb of a new national… Read More ›
UK plans on creating ‘freeports’, overhaul taxation, incentivize manufacturing & innovation post Brexit
In a report, the Sunday Telegraph said, Rishi Sunak, Britain’s finance minister is preparing to introduce sweeping tax cuts as well as overhaul planning laws in up to 10 new “freeports” within a span of 1 year following Britain’s leaving… Read More ›
European Council President Charles Michel proposes 5 billion euros Brexit adjustment fund
On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not. He also laid out a… Read More ›
U.S. approves $620M weapon systems upgrade for Taiwan
In a statement, the U.S. State Department said, a military package, related to the upgrading Patriot surface-to-air missiles, worth $620 million has been approved for Taiwan, in the latest move designed to bolster defenses against threats emanating from China. The… Read More ›
Aviation industry suffered $4.89 billion loss during Q2: China’s Civil Aviation Administration of China
On Friday, data released by China’s Civil Aviation Administration of China (CAAC) shows, the country’s aviation industry suffered a $4.89 billion (34.25 billion yuan) loss during the second quarter, which incidentally is only slightly smaller than the one it suffered… Read More ›
European Parliament appoints Francois-Louis Michaud as executive director of European Banking Authority
The European Parliament has approved the appointment of Francois-Louis Michaud as executive director of the bloc’s banking watchdog, overturning a recommendation to reject him. Last week, the parliament’s economic affairs committee had narrowly voted in favour of rejecting Michaud, with… Read More ›
New Huge Fiscal Corornavirus Stimulus Worth $38 Billion Announced By UK
Another coronavirus stimulus package of £30 billion ($37.6 billion) was announced by the United Kingdom with the aim of stopping the growing job crisis in the country and to prop up the economy of its worst recession in centuries. The… Read More ›
UK could opt for Australian approach, in case of cliff hanger Brexit
In a telephone call with Germany Chancellor Angela Merkel, British Prime Minister Boris Johnson said, Britain is prepared to leave the European Union on the same terms that Australia has with the bloc if it is unable to hammer out… Read More ›
Close to settling most Lion Air 737 MAX claims: Boeing
In a court filing Boeing Co stated, it has reached settlement agreements with more than 90% of the wrongful death claims filed in federal court following the crash of a Lion Air 737 MAX aircraft in 2018 in Indonesia that… Read More ›
