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 ›
Entrepreneurship
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 ›
Sacramento court rules in favor of Bayer in Roundup case
According to a report from Bloomberg, A federal judge in Sacramento, has ruled in favor of Bayer AG and has blocked California from requiring the German-based company to tell consumers that its herbicide Roundup is known to cause cancer. In… 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 ›
Former CEO of Wirecard Markus Braun detained on allegations of inflating the company’s revenues and balance sheet
On Tuesday, Markus Braun, the former Chief Executive of Wirecard has been detained on accusations of make fake entries to boost the company’s balance sheet and revenues to make it appear stronger in order to attractive more customers and investors,… Read More ›
Tesla Inc could have its AGM on September 15, 2020
Tesla Inc’s Chief Executive Officer Elon Musk stated, the “tentative” date for the company’s annual general meeting would be September 15. The annual shareholder meeting was scheduled for July 7, but the meeting got postponed since new lockdown rules do… 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 ›
Drug Controller General of India allows Cipla and Hetero Labs to make and sell Gilead Sciences’ COVID-19 experimental generic drug treatment
In a statement, India pharmaceutical company Cipla Ltd and Hetero Labs stated, they have received permission from India’s drug regulator to manufacture and market their generic version of Gilead Sciences Inc’s experimental COVID-19 remdesivir treatment. The COVID-19 treatment will be… 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 ›
Global Luxury Industry Will Suffer For 2 Years Or More Due To Covid-19, Warns Chanel
The French fashion label Chanel has said that the impact of the novel coronavirus pandemic will be felt by the international luxury industry for the next two years, and possibly even longer. The luxury retailer warned that the pandemic will… Read More ›
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