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 ›
Regulations & Legal
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 ›
Vietnamese plywood exports under scrutiny over sourcing of raw materials
In a statement, the United States said it would examine whether hardwood plywood imports that have been completed in Vietnam using Chinese components are circumventing U.S. duties on imports from China. The move is likely to see similar duties on… 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 ›
OECD Predicts UK To Be The Worst Hit Economy Among Leading Nations Due To Pandemic
The Organisation for Economic Co-operation and Development has warned that the United Kingdom is likely to the hardest hit economically among the richer countries because of the novel coronavirus pandemic. The OECD said that that there is likely to a… 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 ›
Green Recovery Plans Threatened By Govts’ Covid-19 Stimulus For High-Carbon Industries
The vital climate talks of the United Nations is being threatened of being sidelined maid the raging novel coronavirus pandemic even as governments and central banks across the world have seemingly failed to set out a green recovery from the… Read More ›
Saudi Arabia, Russia And Other OPEC+ Members To Extend Oil Cuts Till July
The decision last weekend of OPEC, Russia and allies to extend the deepest cut in oil production till the end of July is expected to have a positive impact on the global oil prices. Since the cuts were imposed bout… Read More ›
British Luxury Car Makers Bentley, Aston Martin And McLaren Cuts Thousands Of Jobs
The severe hit that the outbreak of the novel coronavirus has had o the sales of luxury cars all over the world has forced British luxury auto makers Bentley, Aston Martin and McLaren to lay off about 3,000 employees over… Read More ›
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