The British supermarket giant Sainsbury’s will no more sell CDs and DVDs as the demand for these products has dwindled in the face of growing streaming services, the company said. The company’s customers were increasingly choosing to opt for music… Read More ›
The rate of economic growth of countries in central and eastern Europe kin the next few years would be faster than the countries in western Europe, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. The combined gross domestic… Read More ›
In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›
In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›
China’s corporate bond defaults have hit a record high in 2021, underscoring growing tightening of credit and increased reluctance by regional governments to bail out troubled state-owned firms. During the first half of this year, bond defaults by Chinese companies… Read More ›
The growth in euro zone economy will be faster for both this year and next than was previously estimated, said the European Commission on Wednesday even though there are growing concerns that there could be fresh restrictions because of the… Read More ›
There was cautious optimism among the travel industry about a surge in demand in the industry in the second half of the year, said the head of global airline body International Air Transport Association Director General (IATA) Willie Walsh. Walsh… Read More ›
On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›
Following U.S. President Joe Biden updating an executive order banning non-compliant Chinese companies from US stock exchanges, global index publisher FTSE Russell said it will remove a further 20 Chinese companies from its indexes. Many of these companies have alleged… Read More ›
Following an order from Chinese regulators, Didi Chuxing, China’s biggest ride-hailing company removed its app from its app stores and later issued a warning that this move will have an impact on the revenues of the company. The app was… Read More ›
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