With the Apple CEO Tim Cook nearing the milestone of leading the company for a decade now, he has also attainted another milestone of his on – he has now become a billionaire. With the jump in share price of… Read More ›
Economy & Finance
Underlying Profits Of Domino’s In UK Battered By Pandemic
The biggest pizza delivery chain of the United Kingdom, Domino’s Pizza, reported a slump in its order during the novel coronavirus pandemic as customers were prevented from collecting orders because of the strict travel and movement restrictions imposed to prevent… Read More ›
New COVID19 outbreaks weighs on business confidence in Australia
In July, business condition in Australia rose with the service sector rebounding from a national lockdown; however confidence level took a direct hit following renewed Wuhan coronavirus outbreaks in the state of Victoria, Australia’s second most populous state. The country;s… Read More ›
Companies not following U.S. Accounting Standards will be delisted as of 2022: U.S. Treasury Secretary Steven Mnuchin
In a significant development, U.S. Treasury Secretary Steven Mnuchin stated, companies listed on the U.S. stock exchange, including Chinese ones, which do not comply with accounting standards will be delisted as of December 2021. U.S. officials and Mnuchin had recommended… Read More ›
Global insurance rates up by 19% due to COVID19 and other large losses in Q2
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 ›
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 ›
