On Wednesday, Britain and New Zealand formally launched free trade negotiations, with the former looking to line up deals with other countries post-Brexit. In a statement, New Zealand’s Minister for Trade and Export Growth David Parker said, New Zealand is among… Read More ›
HR & Organization
HSBC plans on cutting 35K jobs in the medium term: internal memo
On Wednesday, according to an internal memo, HSBC plans on reviving its massive redundancy plan of trimming its workforce. It plans on cutting 35,000 jobs over the medium term, reads the memo. It will also maintain a freeze on almost… Read More ›
Members of European Parliament propose suing China over national security laws in Hong Kong
In a significant development, members of the European Parliament have drafted a lawsuit accusing China of violating the Sino-British Joint Declaration and the International Covenant on Civil and Political Rights in a strong pushback to Beijing’s move to impose draconian laws… Read More ›
NYSE reopens trading floor to designated market makers
Nearly three after it closed down following the coronavirus pandemic, the New York Stock Exchange is set to allow a limited number of market makers to its trading floor on Wednesday. The number of designated market makers, who oversee trading… Read More ›
Second wave of coronavirus infections rattles China’s confidence, market tumbles, stocks fall
On Monday, the coronavirus which first emerged in the Chinese city of Wuhan, saw a second wave hitting the Chinese capital with a link to its biggest wholesale food market. Security checkpoints are back in cities, with the Chinese government… Read More ›
Workers to be back at Volkswagen’s Mexican plants for preparation and training
In a statement, Volkswagen AG’s Mexican unit said, workers are scheduled to be back in its plant Puebla on Tuesday. The development underscores VW’s intent to prepare its workers and train them at mitigating COVID-19 related protocols so that production… Read More ›
Unilever ramps up efforts significantly to fight climate change
On Monday Unilever Plc stated, it aims to invest 1 billion euros in a fund which will invest in climate change projects; it also aims to slash its net greenhouse gas emissions to zero from all its products by 2039… Read More ›
EU secures potential COVID-19 vaccine from AstraZeneca Plc
British drugmaker AstraZeneca Plc has signed a contract with various European governments for supplying its potential coronavirus vaccine, as it steps up efforts to help combat the coronavirus pandemic which started in Wuhan China. The contract will see AstraZeneca supplying… Read More ›
Pandemic Effect: 20.4% Slump In UK Economy In April, The Highest Ever
The novel coronavirus hit on the economy of the United Kingdom caused a 20.4 per cent contraction in April – the highest ever fall in a single month. During April, when the entire country was under lockdown for the entire… Read More ›
Global Coronavirus Lockdown Hits Luxury Food Industry Hard
The outbreak of the coronavirus pandemic across the world has resulted in the temporary closure of thousands of restaurants while many economies have slipped into recession which has severely hit the global demand for premium foods like wagyu beef, bluefin… Read More ›
manageria.biz 