In order to mitigate issues surrounding COVID-19, airports and airlines are recommending a layered approach to stop-gap safety measures with air travel set to restart. A single measure on its own will not mitigate all of the risks revolving around… Read More ›
Economy & Finance
The EU & Britain start Brexit negotiations even as June 30 deadline looms
On Monday, with little progress made on sticky point, the European Union and Britain commenced trade negotiations even as the June deadline ominously hangs overhead, with both countries yet to agree on extension on negotiations. British Prime Minister Boris Johnson… Read More ›
Bruno Le Maire to take stock of French automotive industry this week
On Monday, French Finance Minister Bruno Le Maire stated, he would be holding new meetings later this week with representatives of the country’s automotive industry which has been hit hard by the coronavirus. In an interview to BFM Business radio… Read More ›
US Job Loss At 14.7%, Highest Ever Since Great Depression
The extent of the economic hit of the coronavirus pandemic in the United States became clearer after reports of the unemployment rate in the country rising to 14.7 per cent. In April alone, 20.5 million jobs were lost in country…. Read More ›
Coronavirus Lockdown Hits Tea Harvesting
The novel coronavirus pandemic is set to hit the tea producers of the world as the disease and the related lockdowns and social distancing norms have resulted in a shutdown of the harvest in several important regions, including picking of… Read More ›
U.S. moves to secure critical power infrastructure from foreign enemies
In a significant development, U.S. President Donald Trump has passed an executive order which proposes to “monitor and replace” any U.S. power grid equipment made by the nation’s foreign enemies. According to analysts, the move would mainly impact Chinese products… Read More ›
Vietnam attracting many foreign investors relocating from China
Having proclaimed success in contain the spread of the Wuhan coronavirus, Vietnam is positioning itself as the business-friendly country, capitalizing on demand from international manufacturers who are looking to diversify their supply chains away from China. Vietnam has reported just… Read More ›
U.S.-China trade negotiations could start next week: Bloomberg
On Thursday, a report from Bloomberg citing sources familiar with the matter at hand, said, trade negotiations between the United States and China through phone calls could commence as early as next week. The call will include U.S. Trade Representative… Read More ›
Tainted Samsung Leader Pledges Not To Hand Over Management To His Children
The future management of Samsung will not be handed over to his children by him, said the South Korean electronic giant’s de facto leader Lee Jae-yong. This announcement was made by the billionaire Samsung vice chairman, who is the son… Read More ›
EU Commission Forecasts Record Recession For Euro Zone
According to the forecast of the European Commission, there will be a contraction of a record 7.7 per cent for the current year in the euro zone economy because of the economic impact of the novel coronavirus pandemic. The Commission… Read More ›