On Thursday, an industry body stated, asset managers lending out of their securities is compliant and compatible with principles government investment on environmental, social and governance (ESG). It is now in the process of drawing up guidelines. A survey by… Read More ›
Economy & Finance
US Could Permanently Halt WHO Funding And Review Membership, Threatens Trump
If the World Health Organization (WHO) did not commit to improvements within 30 days, all funding of the world body by the United States will be halted permanently, warned US President Donald Trump on Monday. Trump also threatened that he… Read More ›
Virus Pandemic Widens Gap In Focus Of Oil Majors In The Europe And The US Towards Clean Energy
A review conducted by Reuters on companies in the oil and gas sector has revealed that Europe’s top oil and gas companies believe that the novel coronavirus induced global health crisis will have a long-term drop in fossil fuel demand… Read More ›
Australia sees employment levels increase, wages start to recover
On Tuesday, data from Australia’s Bureau of Statistics (ABS) showed, job losses stemming from the Wuhan coronavirus in the country have started to slow down in the last couple of weeks while wages, supported by the government support program, continued… Read More ›
Starbucks reopens many stores in Japan
On Tuesday, in a statement Starbucks Coffee Japan said, it is reopening many of its stores in Japan, including those located in Tokyo. Many stores however will be limited to take-out and drive-through services. Starbucks has nearly 1,550 stores in… Read More ›
Nasdaq to heighten IPO listing transparency, place minimum value on size of IPO
According to sources familiar with the matter at hand, Nasdaq Inc is set to unveil stricter regulations on initial public offerings (IPOs). The move is aimed at bringing increased transparency, especially for some Chinese companies, who want to debut on… Read More ›
Blackstone’s shale oil venture Gavilan Resources LLC files for Chapter 11 bankruptcy
Late on Friday, Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy citing oil price collapse and a bitter legal battle with a partner. Formed following the $2.3 billion acquisition of Texas shale oil properties in 2017, Gavilan listed… Read More ›
Internet Giants In Indonesia Will Need To Pay VAT Starting July
Starting July, big internet companies will need to pay value-added tax on sales of digital products and services in Indonesia. Analysts say that this move could be followed up by other countries as countries try to find out ways and… Read More ›
Both The UK And The EU Should Concede Grounds In Brexirt Talks, Urges Both Parties
After the latest round of negotiations between the United Kingdom and the European Union over post Brexit deals yielding little results, both the parties have urged that each one should conceded some ground in the negotiations for r a trade… Read More ›
Coronavirus Hit To Chinese Economy Results In Higher Unemployment In The Country
The challenge that the Chinese economy faces from staging a complete recovery of its economy from the hit of the novel coronavirus pandemic became evident when figures came to the forefront that the rate of unemployment in the second largest… Read More ›