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 ›
Creativity
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 ›
EU secures potential COVID-19 vaccine from AstraZeneca Plc
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 ›
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 ›
Mitsubishi invests $187 million to acquire 2 idling Sharp Corp’s plants for producing EV power chips
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 ›
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 ›
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 ›
Nokia appoints Marco Wiren as its CFO
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
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
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 ›
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