Britain will relax competition laws in order to allow co-operation between supermarkets so that shoppers can get access to the food they need during the Wuhan coronavirus outbreak. “We’ve listened to the powerful arguments of our leading supermarkets and will… Read More ›
Regulations & Legal
Harley Davidson faces proxy fight with hedge fund Impala Asset Management
With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
Risk premium on U.S. investment grade credit goes through roof on Wuhan coronavirus worries
The financial impact of the Wuhan coronavirus on corporate America’s balance sheets has tripled the premium investors are demanding to hold even the highest-rated corporate bonds. According to the ICE/BofA investment grade index, the difference between the average yield of… Read More ›
50% Jump In Data Usage In Some Markets In Europe For Vodafone As People Stay Indoors
The spread of the coronavirus pandemic has forced many companies to send back their employees to work from home because of travel curbs and in an attempt to reduce the spread of the fast spreading virus in many countries in… Read More ›
AI To Monitor Content On Social Media As Virus Pandemic Forces Many Staff To Go Home
With many of their employees choosing to and are being allowed to work from home because of the coronavirus pandemic, major websites of the world are now turning to automatic systems to moderate content. Artificial intelligence and automated tools are… Read More ›
Coronavirus Impact On Global Aviation Industry
While the European plane making giant Airbus is temporarily halting production at two of its production sites in order to address health and safety of its employees in the wake of the coronavirus pandemic in Europe, Boeing and other aviation… Read More ›
ASIC files lawsuit against Commonwealth Bank of Australia’s pension unit for deceptive product communication
On Tuesday, Australia’s corporate regulator stated, it has filed a civil lawsuit against Commonwealth Bank of Australia’s pension business for deceptive product communication. “Product communication by Colonial First State Investments between March 2014 and August 2016 hindered customers of the… Read More ›
PG&E Corp wins approval for $23 billion bankruptcy turnaround plan
PG&E Corp, a power producer, stated, it has won an approval from a bankruptcy court to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments. According to its filing, the… Read More ›
Apple To Close All Stores Outside Of China To Slowdown Coronavirus Spread
All Apple stores outside of China will be closed by the United States based tech giant within the next two weeks in order to try and reduce the spread of the coronavirus pandemic. The aim of closing down of its… Read More ›
European Authorities Take Measures To Help Firms Coping With The Virus Pandemic
Efforts to provide some support to the European economy form the hit of the coronavirus pandemic is being taken by European authorities. A package of measures that includes a €37bn euro investment initiative will be put in by the The… Read More ›