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 ›
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 ›
In a statement Occidental Petroleum Corp, said, its second quarter loss has ballooned to $8.35 on lower energy prices and write-downs; it has been trying to reduce its debt load midst a the Wuhan coronavirus pandemic which has slashed the… Read More ›
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 ›
On Monday, Norwegian oil and gas giant Equinor said it has appointed Anders Opedal as its new CEO with effect from November 2, 2020. Opedal will be replacing Eldar Saetre who is set to retire after serving the company for… Read More ›
On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure. Masuko, a veteran of the Mitsubishi conglomerate,… Read More ›
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 ›
On Thursday, in a development that marks the challenges facing the Japan’s automaker Toyota Motor Corp, the carmaker posted a record 98% plunge in its first-quarter operating profit after the Wuhan coronavirus, which emerged from China, induced a slowdown in… Read More ›
On Thursday, in a statement Uber said it was in the process of acquiring Autocab, British tech company which sells booking and dispatch software to private hire firms. The deal has synergies stemming from the fact that it will allow… Read More ›
The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
