In a statement Hong Kong’s finance secretary Paul Chan said, Hong Kong has no plans to change its currency’s peg to the U.S. dollar and that it has not seen any “obvious” capital outflows following a move by the United… Read More ›
HR & Organization
Microsoft To Replace Journalists With Artificially Intelligent Robots
Microsoft has replaced humans with artificial intelligence as the company sacked dozens of journalists and installed artificial intelligence software in their place. The company has told the employees who manage the news homepages on Microsoft’s MSN website and its Edge… Read More ›
Pre-eminent French departmental stores Printemps reopens in Paris
Shoppers wearing masks queued up to browse through luxury boutiques inside Printemps’ main Paris store. The development marks the reopening of one of the Paris’ last major department stores, which had remained shut for two months because of the coronavirus… Read More ›
Alliance of 10 democracies to create alternative pool of suppliers for 5G and other technologies
In a significant development, The Times reported that the United Kingdom is pursuing a strategy of allying itself with at least 10 democracies, in order to create an alternative pools of suppliers of 5G equipment and other technologies so as… Read More ›
France emerges as the No. 1 destination for new foreign investments in Europe: EY
For the first time, the results of a survey showed, France has emerged as the top destination for international investments in Europe. France has beaten Britain and Germany to take the top spot for international investments in Europe. In 2019,… Read More ›
USTR disagrees with U.S. Court of International Trade’s ruling on import of certain solar panels
In a statement, the U.S. Trade Representative’s office took a position against a federal court’s decision to reinstate an exception for certain solar panels from import restrictions imposed by President Donald Trump two years ago. On Wednesday, a U.S. Court… Read More ›
American Airlines Group Inc to trim management & support staff by 30%
In a letter to employees, Elise Eberwein, the executive vice president of people and global engagement stated, American Airlines Group Inc will have to cut its management and support staff by around 30% as a fallout of the coronavirus pandemic…. Read More ›
Saudi Arabia set to ease coronavirus restrictions from May 31
Saudi Arabia’s state news agency said, Saudi Arabian airlines are scheduled to resume domestic flights on select destinations. The development comes in the wake of the Kingdom easing coronavirus containment measures. In the first phase, 60 flights will resume operations…. Read More ›
Boeing to lay off 10% of its global workforce
According to union sources briefed on the plans, Boeing Co is set to announce U.S. job cuts sometime this week following its disclosure last month that it plans on cutting 10% from its worldwide workforce of 160,000 employees. In a… Read More ›
EU to unveil economic recovery package exceeding 1 trillion euros
The European Commission is set to unveil on Wednesday a plan aimed at enabling an economic recover to the EU zone from the economic impact of the coronavirus. Part of the package includes grants, loans and guarantees which exceed 1… Read More ›
