The rapid spread of the coronavirus pandemic in the United States has impacted the workforce in the country with Americans already starting to lose their jobs. Economists are now predicting that the situation is set to get worse in the… Read More ›
Creativity
UK Could Be Flooded With Toxic Cosmetics Under US Trade Deal
There can be relaxation of stringent laws which prohibit the use of dangerous ingredients in imported cosmetics if there is a trade deal between the United Kingdom and the United States, campaigners in the UK have warned. There have already… Read More ›
IMF Says Despite Risks, Chinese Economy Is Normalizing
International Monetary Fund officials said in a blog discussing the economic impact of the coronavirus pandemic that there were some signals that the economy of China – the second largest in the world, was slowing getting back to normal after… Read More ›
Emergency Stimulus Package Worth Billions Announced By Europe
An emergency package worth €750bn ($820bn) for combating the economic fall out of the coronavirus pandemic was launched by the European Central Bank (ECB). The money will be used for purchasing of government and company debt all across the eurozone… Read More ›
Occidental Petroleum Corp to name Stephen Chazen as chairman: WSJ
A report from the Wall Street Journal citing sources familiar with the matter at hand states, Occidental Petroleum Corp plans on naming former Chief Executive Officer Stephen Chazen as its new chairman. Provided discussions don’t fall apart, Chazen’s appointment is… Read More ›
Walmart to hire150,000 workers to help shoppers during Wuhan coronavirus outbreak
In a statement Walmart Inc said, it will hire more than 150,000 hourly workers in the United States to help shoppers during the Wuhan coronavirus pandemic. Walmart’s rival Amazon.com Inc has also announced a similar move saying it would hire… Read More ›
UK eases competition law to allow supermarkets to cooperate and coordinate during Wuhan coronavirus outbreak
Britain will relax competition laws in order to allow co-operation between supermarkets so that shoppers can get access to the food they need during the Wuhan coronavirus outbreak. “We’ve listened to the powerful arguments of our leading supermarkets and will… Read More ›
JLR to suspend production at UK facilities from next week
Late on Thursday, as a measure to stop the spread of the Wuhan coronavirus, Jaguar Land Rover said it will temporarily halt production at its UK manufacturing facilities from next week. Production is likely to resume in the week of… Read More ›
Federal Reserve rolls out third emergency credit program to ease liquidity in money markets
On Wednesday night, the U.S. Federal Reserve rolled out its third emergency credit program in two days and announced that it would loan money to banks that offer as collateral assets purchased from money market mutual funds. The new loan… Read More ›
Harley Davidson faces proxy fight with hedge fund Impala Asset Management
With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
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