In a report, the Sunday Telegraph said, Rishi Sunak, Britain’s finance minister is preparing to introduce sweeping tax cuts as well as overhaul planning laws in up to 10 new “freeports” within a span of 1 year following Britain’s leaving… Read More ›
The damaging impact of the novel coronavirus pandemic on companies has been prolonged and therefore the government support focused on loans needs to be shifted to “equity-like” support from the government, urged the Chief Economist at the International Monetary Fund,… Read More ›
Calls for a comprehensive approach to address the impact of the novel coornavirus pandemic was given by global leaders at a summit of the United Nations labour agency. Covid-19 had plunged the world of work into “unprecedented crisis”, said Guy… Read More ›
On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not. He also laid out a… Read More ›
In a statement, the U.S. State Department said, a military package, related to the upgrading Patriot surface-to-air missiles, worth $620 million has been approved for Taiwan, in the latest move designed to bolster defenses against threats emanating from China. The… Read More ›
On Friday, data released by China’s Civil Aviation Administration of China (CAAC) shows, the country’s aviation industry suffered a $4.89 billion (34.25 billion yuan) loss during the second quarter, which incidentally is only slightly smaller than the one it suffered… Read More ›
The latest retailer in the United States to wind up because of the novel coronavirus pandemic hit is one of America’s oldest clothing brands Brooks Brothers as the company filed for bankruptcy protection. Legal protection from creditors was sought on… Read More ›
Another coronavirus stimulus package of £30 billion ($37.6 billion) was announced by the United Kingdom with the aim of stopping the growing job crisis in the country and to prop up the economy of its worst recession in centuries. The… Read More ›
In a telephone call with Germany Chancellor Angela Merkel, British Prime Minister Boris Johnson said, Britain is prepared to leave the European Union on the same terms that Australia has with the bloc if it is unable to hammer out… Read More ›
Going by Nissan Motor Co’s latest annual securities report, since April it has managed to raise $7.8 billion in financing from its creditors as it tries to shore up its cash reserves in the face of falling sales induced by… Read More ›
