On Monday, in a statement insurance broker Marsh stated, global commercial insurance rates saw a rise of 19% during the second quarter, driven by higher by claims related to COVID-19 and other large losses. The company is witnessing its highest… Read More ›
Economy & Finance
Green shoots seen in Italian economy, bank lending rises in June 2020
On Monday, data released from Italy’s central bank showed, in June 2020, Italian banks had increased their lending to companies with business resuming after the Italian government gradually lifted a national lockdown to mitigate health risks from the Wuhan coronavirus…. Read More ›
EU’s Changing Tone On Brexit Makes UK Confident Of A Deal
There has been a distinct change the tone and attitude of European Union in recent weeks over the Brexit deal with the United Kingdom which has allowed progress to be made and prompted Britain’s top minister overseeing Brexit talks saying… Read More ›
White House’ WeChat Ban Could Impact American Companies In China
Following the signing of an executive order by United States President Donald Trump that could put a ban on Chinese owned short video sharing app TikTok and Tencent owned messaging app WeChat, some of the unintended casualties of this could… Read More ›
Toyota Reports Its Smallest Quarterly Profits In Nine Years Due To Pandemic
Japanese auto maker Toyota Motor Corp managed to pull out a very small quarterly profit which as the lowest for it in nine years as the company struggled to cope up with the hit to the global economy due to… Read More ›
Lufthansa To Implement Compulsory Lay-Offs Amid Gloomy Forecast Till 2024
German airlines Lufthansa has served notice to its German workers for compulsory lay-offs on Thursday as the embattled airline the job cuts were unavoidable as it had made a loss of 1.7 billion euros ($2 billion) in a single quarter… Read More ›
Finance Ministers of Five Eyes intelligence-sharing network discusses resilience of global supply chains
In a statement, Canadian Finance Minister Bill Morneau said, he spoken with his counterparts from Britain and the United States and discussed the need to support global supply chains midst the coronavirus outbreak. The call hosted by Morneau also saw… Read More ›
Growth Of UK Business In July The Fastest In 5 Years Following Cvoid-19 Slump
The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
Despite $5B Pandemic Hit, Disney Results Not As Bad As Feared
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Shell Australia to acquire environmental services firm Select Carbon
On Monday, the Australian unit of Royal Dutch Shell stated, it has decided to acquire Select Carbon, an environmental services firm, as it moves ahead with its plan on cutting back its carbon footprint and expand its low-carbon and renewable… Read More ›