According to researchers from Cambridge University and the United States Federal Reserve, the economic destruction because of the coronavirus pandemic if no social distancing measures were imposed by governments if there was enforcement of eight-month “structured lockdowns”. Many countries have… Read More ›
On Tuesday, the world’s largest spirits maker, Diageo, launched a $2.5 billion bond offering weeks after suspending its share buyback programme in response to the coronavirus crisis. Diageo, whose brand of whiskey includes Johnnie Walker, said, the offering will be… Read More ›
According to a report from the Wall Street Journal, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are slated to to resume some production at their U.S. factories from May 18. Their U.S. plants were shutdown in… Read More ›
In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return… Read More ›
Italian Prime Minister Giuseppe Conte stated, starting from May 4, factories and building sites will re-open on May 4 and in the weeks to come more businesses will be allowed to conduct business. The development comes as Italy prepares to… Read More ›
According to a source familiar with the matter at hand, European Union companies that have been impacted by the coronavirus will be eligible for a government loan of up to 5% of their 2019 turnover. With several countries asking for… Read More ›
For reviving the U.S. economy, investors are pinning their hopes for wider availability of testing for COVID-19 along with drug trials; until there is some concrete progress in these areas stock market gains are likely to be limited. The S&P… Read More ›
On Monday, Starbucks said it has entered into a strategic partnership with Sequoia Capital China, an investment firm, which will will see the two companies making strategic join investments in China’s technology sector. In a statement Starbucks said, the partnership… Read More ›
In a statement, Wave Life Sciences said, it will return a $7.2 million loan granted under the Payroll Protection Program (PPP), following new guidance from the U.S Treasury Department. “We made this decision after the SBA (Small Business Administration) issued… Read More ›
In a statement, U.S. Trade Representative Robert Lighthizer said, he has notified Congress that the new U.S.-Mexico-Canada trade agreement will be effective from July 1 – a month later than initially planned. Both Canada and Mexico have taken necessary measures… Read More ›
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