On Friday, in a defense filing in Federal Court, Australia’s Westpac Banking Corp admitted that in a number of cases, it has failed to comply with anti-money laundering and counter terrorism laws. Westpac Banking Corp, Australia’s second largest bank admitted… Read More ›
In order to mitigate issues surrounding COVID-19, airports and airlines are recommending a layered approach to stop-gap safety measures with air travel set to restart. A single measure on its own will not mitigate all of the risks revolving around… Read More ›
On Tuesday, Simon Birmingham, Australia’s Minister for Trade said, China’s decision to ban the import of Australian beef was not a response to its call for a fair and independent enquiry into the origins of the coronavirus disease COVID-19. Birmingham… Read More ›
On Tuesday, Canadian coffee brewer Tim Hortons said, its Chinese business has received an investment from Chinese tech giant Tencent. The development comes in the wake of Tim Hortons wanting to expand its footprint in the Chinese market. In a… Read More ›
Late on Monday, Hyatt Hotels Corp stated, as it restructures roles within its global operations, it would be laying off around 1,300 employees. The development comes midst a virtual halt in global travel as cities across the globe go into… Read More ›
On Monday, with little progress made on sticky point, the European Union and Britain commenced trade negotiations even as the June deadline ominously hangs overhead, with both countries yet to agree on extension on negotiations. British Prime Minister Boris Johnson… Read More ›
On Monday, French Finance Minister Bruno Le Maire stated, he would be holding new meetings later this week with representatives of the country’s automotive industry which has been hit hard by the coronavirus. In an interview to BFM Business radio… Read More ›
On Monday, Swiss pharmaceutical giant Roche stated, it has hired a professor from the Massachusetts Institute of Technology (MIT) as its new head of its U.S. research arm which was responsible for some of it’s best-selling medicines in the last… Read More ›
On Monday, Qantas Airways Ltd said it has advised Boeing Co and Airbus SE that it does not expect to take deliveries of any new planes in the near term on account of the coronavirus pandemic which has almost killed… Read More ›
The extent of the economic hit of the coronavirus pandemic in the United States became clearer after reports of the unemployment rate in the country rising to 14.7 per cent. In April alone, 20.5 million jobs were lost in country…. Read More ›
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