The collapse in the global oil prices is expected to reduce the production of shale oil by more than 2 million barrels a day because many of the oil producers in the country have been forced to shut down their… Read More ›
Regulations & Legal
Global Economy Could Face A ‘Double Recession’ Due To Coronavirus
The IMF has already warned that the impending global economic recession because of the coronavirus pandemic is likely to be worse than the 2008 global financial crisis and at par with the Great Depression of the 1930s. . But according… Read More ›
Post-Brexit Trade Talks Could Be Derailed By The Coronavirus Crisis
According to analysts, the coronavirus pandemic raging through Europe threatens to slow down official talks on Brexit which makes it unlikely that the United Kingdom will be able to come to a formal agreement with the European Union on a… Read More ›
Half Of The World’s Countries Have Asked For Emergency Funds, Says IMF
Appeals for granting emergency loans from the International Monetary Fund have been made by almost half of the countries of the world to help them to counter the sharp economic crisis that has been imposed by the global coronavirus pandemic…. Read More ›
China may have conducted zero yield standard nuclear test at Lop Nur nuclear test site: State Department
In a report, the U.S. State Department stated, China may have secretly conducted a low-level underground test explosions nuclear despite being a signatory to an international pact which bans such blasts. The findings, which were first reported by the Wall… Read More ›
U.S. business lobbying Mexico to protect vital supply chain during coronavirus pandemic
With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
Washington state’s attorney general files lawsuits against Facebook Inc over political advertisements
Facebook is facing yet another lawsuit over its political advertisement policy on its platform. Washington state’s attorney general has filed a second lawsuit against Facebook Inc over political ads saying the social media giant has once again failed to make… Read More ›
Cash To Car Buyers Being Given By China To Prop Up Car Sale
Chinese authorities are giving out cash to consumers in the country to prop up sale of new cars in the country to try and stage a turnaround in the auto sector of the largest auto market of the world which… Read More ›
Disney enters into $5 billion credit agreement
In a statement, Walt Disney Co stated, it has entered into an unsecured credit agreement for $5 billion. The deal comes at a time when companies across industries are scrambling to bolster their liquidity to cope with the fallout of… Read More ›
Japan extends March 31 financial year end reporting to Sept. 30
On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
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