With the aim of furthering its reach in the food delivery business and with the novel coronavirus pandemic spurring up demand for home delivered food, United States based ride hailing company Uber Technologies has decided to acquire Postmates Inc in… Read More ›
New jobs were created by companies in the American economy in the month of June at a record pace as companies hired more people following relaxation of novel coronavirus pandemic related restrictions. With addition to 4.8 million payroll jobs in… Read More ›
On Friday, official data showed retails sales in Australia saw a record surge in May following a wide scale easing in coronavirus lockdowns which allowed entire sectors to reopen. The bounce back underscores growing confidence that consumer spending will not… Read More ›
In a statement, the Europe, Middle East and Africa head of Citigroup said, the bank is planning to hire more bankers in Saudi Arabia for its direct custody business. The development comes in the wake of Citigroup adding more than… Read More ›
On Friday the People’s Bank of China (PBOC) skipped open market operations making the biggest weekly net fund drain in four and a half months. In a statement on its website, the PBOC said, the move was due to “relatively… Read More ›
PG&E Corp has emerged from Chapter 11 bankruptcy proceedings marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. Thanks to a state-backed fund, PG&E managed to get out… Read More ›
In a statement, the U.S. Department of Justice said, Novartis AG has agreed to settle U.S. government charges that it had made illegal transfers, in the nature of kickbacks, to doctors and patients, in order to boost drug sales. Swiss… Read More ›
On Wednesday, in a statement Macy’s Inc reported a $3.58 billion loss stemming from the lockdowns induced by the coronavirus which emerged from Wuhan, China. Losses in the coronavirus-hit quarter are mainly in the goodwill and asset impairment charges of… Read More ›
In a statement, the union of airplane maker Airbus said, Airbus will cut 1,700 UK jobs across its operations across Britain including at two of its biggest factories, as it races to save the company from further cash burn. The… Read More ›
In a development that signals a wider racial inclusion into senior management, Netflix Inc has appointed Bozoma Saint John as its chief marketing officer, effective from August 2020. Saint John’s previous work experience includes being the head of marketing at… Read More ›
