In a statement Japan’s Mitsubishi Electric Corp said, it has agreed to buy a part of Sharp Corp’s plant in western Japan in order to meet growing demand for power management chips used in electric vehicles (EVs). The development comes… Read More ›
HR & Organization
Corporate Travel Pattern Change Due To Pandemic To Impact Airlines, But There Are ‘Green Shoots’ Too, Says Citi
Airlines across the world may be hard hit by the changes in corporate travel patterns brought in by the novel coronavirus pandemic, but “not all bad news” await he aviation sector as there are opportunities to be had in the… Read More ›
Its Art Collection To Be Auctioned By British Airways To Raise Funds
As British Airways prepares to make thousands employees redundant, the global airlines plans to put up for sale some of its renowned art collection in order to generate some cash to meet the severe drop in business because of the… Read More ›
Nokia appoints Marco Wiren as its CFO
On Thursday, Finnish telecoms giant Nokia said, it has appointed Marco Wiren as its chief financial officer following a management reshuffle earlier this year which saw a change of its chairman and CEO. Wiren will replace Kristian Pullola effective from… Read More ›
CityFibre to create 10K jobs for upgrading Britain’s infrastructure to full fibre
On Thursday, in a statement CityFibre, a broadband company, said it will create up to 10,000 new jobs over the next three years to help upgrade Britain’s digital infrastructure to full fiber. The British government aims to deploy gold-standard fast… Read More ›
Europe’s Just Eat Takeaway acquires Grubhub for $7.3 billion
In a significant development, European food-ordering Just Eat Takeaway.com NV, has agreed to acquire Grubhub Inc, subject to regulatory approval. If the all-stock deal goes through it would create the world’s largest food delivery company outside of China. The deal… Read More ›
Starbucks Lost $3 Billion In Revenue In Latest Ended Quarter Due To Covid-19 Pandemic
The novel coronavirus pandemic will cause a loss in the fiscal third quarter, expects the international coffee chain Starbucks. The company predicted a a loss of as much as $3.2 billion in revenue because of the coronavirus pandemic. The company… Read More ›
Commonwealth Bank of Australia faces class action lawsuit over credit card and personal loan insurance
On Wednesday, Australia’s top lender Commonwealth Bank of Australia said, a class action lawsuit has been filed against it over the sale of credit card and personal loan insurance. The lawsuit, filed by Slater and Gordon, a law firm, alleges… Read More ›
Ease of doing business in China falls further because of coronavirus: European Business Group
On Wednesday, a European business group stated, the COVID-19 pandemic has exacerbated already worrisome trends in doing business in China midst slowing revenue growth, regulatory hurdles and the clout of state-backed businesses. According to the results of the survey, 50%… Read More ›
China’s producer price index deflation deepens midst export and import slump
Factory gate prices in May in China fell at their steepest rate in more than 4 years, underscoring growing pressure that faces the country’s manufacturing sector following the COVID-19 pandemic which began in Wuhan, China. The pandemic has ravaged key… Read More ›
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