On Friday, a spokeswoman from Germany’s financial regulator BaFin stated, it is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG. Earlier, BaFin had said, it would include the findings of the KPMG… Read More ›
Regulations & Legal
U.S.-China trade negotiations could start next week: Bloomberg
On Thursday, a report from Bloomberg citing sources familiar with the matter at hand, said, trade negotiations between the United States and China through phone calls could commence as early as next week. The call will include U.S. Trade Representative… Read More ›
Tainted Samsung Leader Pledges Not To Hand Over Management To His Children
The future management of Samsung will not be handed over to his children by him, said the South Korean electronic giant’s de facto leader Lee Jae-yong. This announcement was made by the billionaire Samsung vice chairman, who is the son… Read More ›
EU Commission Forecasts Record Recession For Euro Zone
According to the forecast of the European Commission, there will be a contraction of a record 7.7 per cent for the current year in the euro zone economy because of the economic impact of the novel coronavirus pandemic. The Commission… Read More ›
U.S.-UK commence trade negotiations
On Tuesday, the United States and Britain launched trade negotiations through videoconferencing following the UK’s exit from the European Union. Both countries, struggling to cope with the coronavirus pandemic are aiming to shore up domestic supply chains. These talks are… Read More ›
NY-based J. Crew Group Inc files for bankruptcy protection
On Monday, J. Crew Group Inc filed for bankruptcy protection adding to a string of brick-and-mortar retailers who have been pushed to the brink by widespread store closures in response to the coronavirus pandemic. New York-based J. Crew filed for… Read More ›
New Report Identifies 7 New Trends For Shoppers In A Post Covid-19 Era
The coronavirus pandemic has taught people to stay at home and work from home as well as forced people to adapt to new norms of shopping. Therefore, after the pandemic ultimately comes to an end, many people will potentially emerge… Read More ›
European Aviation Sector Witnessing ‘Tsunami’ Of Job Cuts, US Carriers Could Follow Suit
The severe hit of the travel restrictions and lockdown because of the novel coronavirus pandemic on the global airline industry has forced airlines to scale back their businesses. The airlines also do not see a quick recovery from the coronavirus… Read More ›
Norway’s sovereign wealth fund backs AGM resolution for ‘net zero’ bank by 2050
On Friday, in a statement Norway’s sovereign wealth fund stated, it will vote in favor of a resolution which will commit Barclays to tackle climate change at the bank’s annual general meeting on May 7. The resolution calls on Barclays… Read More ›
Ryanair grounds 99% of flights until July 2020
On Friday, Europe’s biggest low cost carrier Ryanair announced, it will be grounding more than 99% of its flights until July. It has also commenced negotiations with Boeing for cutting the number of aircraft deliveries over the next 24 months…. Read More ›