Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Regulations & Legal
Ad industry forms partnership to create targeted ads standards
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›
Hong Kong-based Imperial Pacific International charged with money laundering in US: Justice Department
In a statement the U.S. Justice Department stated, executives from Imperial Pacific International, a Hong Kong-based gaming and resort company, have been charged with money laundering and harboring illegal aliens, in the United States.
South Korean court verdict allows seizure and sale of Nippon Steel’s assets sparking diplomatic tensions
On Tuesday, in a significant development which could potentially strain Japan-South Korean relation, Nippon Steel Corp stated it will appeal a South Korean court ruling which allows the seizure and sale of the company’s assets in compensation for forced wartime… Read More ›
Europe’s Economy Suffers Record 11.9% Slump In GDP Reported By EU For Second Quarter
The novel coronvirus pandemic hit the European economy very hard during the second quarter with a contraction of 11.9 per cent s the economy was pushed into a deep recession. In terms of the quarter-on-quarter contraction in the GDP of… Read More ›
“Explosive” Purchasing By China Of US Farm Goods Needed To Meet Phase 1 Trade Deal Target
While it may not be impossible, it certainly is looking like a big, big stretch – the pledge of China to purchase far goods from the United States worth $36.5 billion this year with almost seven months of the year… Read More ›
Central Europe’s Covid-19 Recovery Could Be Stalled By Auto Industry
The main drag for the efforts in central Europe to stage a recovery from the novel coronavirus pandemic hit to the economy could be the auto industry which has for long been a driver of economic growth of the region…. Read More ›
Worst Quarterly Contraction Since Second World War Recorded For Second Quarter in US
The sharpest contraction in since the Second World War in the United States economy was reported for the April to June quarter at an annual rate of 32.9 per cent year on year, according to government figures released by the… Read More ›
Dozens Of British Firms Pledge Increase Workforce Diversity And Black Staff
Dozens of British businesses, including names such as Barclays and Deloitte will be hiring black employees to increase diversity within their workforce. A commitment to this effect was made by the businesses in an open letter. In the letter the… Read More ›
Chinese banks weighing alternative to SWIFT, as U.S. legislative action looms
In a significant development, a report from the investment banking unit of China’s central bank states, Beijing should be ready for potential U.S. by being less dependent on SWIFT and instead use its own financial messaging network for cross-border transactions… Read More ›