There is good news for oil producers across the world. The price war that was raging between Russia and Saudi Arabia since the last one month has apparently come to an end as the two of the largest oil producing… Read More ›
Creativity
China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
Boeing aims to cut 10% of its workforce
According to a report from the Wall Street Journal, Boeing Co is weighing its options on a job cut, which could involve early retirements and involuntary layoffs and could also involve buyouts. Boeing’s aims to cut its workforce by 10%…. Read More ›
China facing unprecedented economic challenges: China’s assistant commerce minister
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
France earmarks $21.7 billion for corporate bailouts of public & private companies
On Friday, French Finance Minister Bruno Le Maire stated, the French government has allocated $21.7 billion (20 billion euros) for helping big companies shore up their capital reserves. “We’ve decided to put credit on the fund, to put 20 billion… Read More ›
Will not layoff employees because of coronavirus pandemic: BlackRock
In a statement, Larry Fink, the CEO of BlackRock Inc, the world’s largest asset manager, said it will not layoff any of its employees during the year because of the coronavirus outbreak. BlackRock will pay full-time wages to support staff,… Read More ›
Class action lawsuit filed against Zoom Video Communication Inc over privacy security concerns
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
Nissan seeking $4.6 billion line of credit following coronavirus sales hit
On Thursday, Japan’s Nikkei business daily reported, Nissan Motor has requested a $4.6 billion (500 billion yen) line of credit from major lenders following a downward trend in sales due to the coronavirus outbreak. Nissan made the request to three… Read More ›
Takeaway.com’s order volumes only mildy affected by coronavirus pandemic
On Thursday, Europe’s biggest food ordering and delivery company, Just Eat Takeaway said, in March its orders had registered a temporarily declined since restaurants were closed as part of a measure imposed by government to contain the spread of the… Read More ›
British online fashion retailer ASOS Plc raises $304 million
In a statement, British online fashion retailer ASOS Plc said, it has raised $304 million (247 million pounds) via a placement as it attempts to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic…. Read More ›
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