If the United Kingdom government does not provide a coronavirus support package, one in six jobs in the country’s car industry will be at risk of redundancy, warned an industry body. This was disclosed in a survey conducted by the… Read More ›
Economy & Finance
Hopes Of Recovery Ignited By Significant Slowing Of Downturn In Euro Zone In June
The economic downturn in the euro zone because of the hit to economic activities by the novel coronavirus pandemic continued to show signs of recovery in June. The latest data released on Tuesday gave a clear indication of the current… Read More ›
India Engaged In Unfair Practices On Charter Flights, Alleges US Transport Department
The Indian government has been accused of being engaged in “unfair and discriminatory practices” on charter air transportation services to and from India by the Transportation Department of the United States on Monday. Making this accusation, the Department has also… Read More ›
Abu Dhabi National Oil Company signs $10 Billion gas infrastructure deal with consortium of investors
On Tuesday, Abu Dhabi National Oil Company (ADNOC) stated, it had signed a $10 billion gas infrastructure deal with a consortium of investors. The deal comes at a time when gas prices are at a low. The pipeline deal is… Read More ›
BlackRock warming up to European assets
On Tuesday, BlackRock’s Investment Institute stated, it was “warming up” to European assets following what it termed as an “impressive” performance by the Eurozone to tackle the Wuhan coronavirus. The Investment Institute, the research arm of BlackRock, the world’s biggest… Read More ›
A ‘Bigger Global Threat Than Virus’ Is US China Cold War, Says Top Economist
Influential economist Jeffrey Sachs believes that it is not the novel coronavirus pandemic but the deepening cold war between the United States and China will turn out to be a much larger threat to global economy. In an interview to… Read More ›
Despite Political Tensions, Foreign Firms Are Buying Into Chinese Companies Helped By Open Market Policies
Amid the global economic and business uncertainty brought in by the novel coronavirus pandemic, more foreign businesses are investing in Chinese companies and buying them up which includes deals being made in the more sensitive industries of finance and technology… Read More ›
COVID19 exposed fundamental tensions between systemic rivals – EU and China
Tensions between the European Union and China could potentially cool down after a video summit today. The video summit will be their first formal talks since the European Union accused Beijing of trying to obfuscate and spread disinformation about the… Read More ›
American Airlines Group Inc seeks additional $3.5 billion in new financing to enhance liquidity
In a statement, American Airlines Group Inc said, it plans on securing an additional financing of $3.5 billion to improve its liquidity as it grapple with lockdown and travel restrictions caused by the coronavirus which emerged from Wuhan, China. The… Read More ›
Some Leaders In EU Underestimating Covid-19 Induced Economic Crisis, Says Angela Merkel
There are people who are still not appreciative enough of what it will mean to slump into the “deepest recession since the second world war”, said German Chancellor Angela Merkel as she voiced fears over European Union leaders expressing opposing… Read More ›
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