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 ›
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 ›
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 ›
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 ›
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 ›
The vital climate talks of the United Nations is being threatened of being sidelined maid the raging novel coronavirus pandemic even as governments and central banks across the world have seemingly failed to set out a green recovery from the… Read More ›
The fashion brand Victoria’s Secret’s UK arm has been sent into administration which has put more than 800 jobs at possible elimination. All of the 25 stores of the company in the UK have been shut since the beginning of… Read More ›
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 ›
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 ›
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 ›
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