According to a senior official from the Trump Administration, millions of applicants are likely to tap its $350 billion small-business coronavirus rescue loan program when it launches on Friday. Officials from the U.S. Treasury and Small Business Administration, which are… Read More ›
According to sources with knowledge of the matter at hand, KKR & Co. has temporarily paused a process to sell Singapore-based Goodpack, an intermediate bulk container maker, following the Wuhan Coronavirus outbreak which has significantly affected valuations for the proposed… Read More ›
S&P Global Ratings has predicted that the global growth is set to be pushed toward zero this year because of the global economic turbulence caused by the coronavirus pandemic as well as the nationally enforced lockdowns across major markets. “In… Read More ›
In a memo to executives, American Airlines Holdings Inc stated, it aims to apply for up to $12 billion in government aid, and ensure no involuntary layoffs or pay cuts occur in the next six months. Under a stimulus package,… Read More ›
In a development pregnant with possibilities, U.S. Trade Representative Robert Lighthizer stated, the Wuhan Coronavirus pandemic shows that the United States is way too dependent on cheap foreign imports for key strategic medical supplies. The statement underscores the need for… Read More ›
A more relaxed approach to combating the coronavirus pandemic has been adopted by Sweden even as most of its European Union peers have imposed severe restrictions on public life and closed down borders to businesses to prevent the spreading the… Read More ›
A survey conducted by the auditing firm Ernst & Young has shown the almost half of top management of companies surveyed in 45 countries around the world are accelerating plans for further automation of their workplace and business as more… Read More ›
On Monday, Finablr said, Ernst & Young LLP has resigned as its auditor following the company not being able to accommodate some of the changes requested by it on time. This includes “changes to the composition of the payments group’s… Read More ›
In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›
The high-profile London-based satellite start-up – OneWeb, blamed the coronavirus pandemic while it was forced to file for bankruptcy protection in the United States. The company was engaged in the development of a network to deliver broadband across the globe…. Read More ›
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