Ever since the 2008 global financial crisis, companies all over the world have been enjoying debts as a means of their recovery. But now as the coronavirus pandemic threatens to push global economy into recession – many of those debts… Read More ›
Regulations & Legal
Coronavirus Pandemic ‘Could Cost Millions Of Tourism Jobs’, Says Industry Body
A leading global travel and tourism industry body has claimed that millions of travel and tourism jobs are at risk globally because of the spread of the coronavirus pandemic as declared by the World Health Organization (WHO). The coronavirus pandemic… Read More ›
China Claims Virus Outbreak Past Its Peak, Wuhan Reports Just Five New Cases
Just five new cases of coronavirus infection were reported on Friday from the Chinese city of Wuhan, – the place from where the virus now declared a global pandemic originated in late December last year. This was the second day… Read More ›
Canada ratifies USMCA trade deal
According to a top official from the Canadian government, the parliament has quickly ratified the new U.S.-Mexico-Canada (USMCA) trade pact even as it ramps up efforts to stop the spread of the Wuhan coronavirus. Canada was the last of the… Read More ›
Pharma industry could be nationalized to localize supply chain: German Economy Minister
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
SEC relaxes rule requiring external audit for smaller publicly traded companies
In a significant development, the Securities and Exchange Commission has voted to relax internal audit controls measures that were first introduced at smaller publicly listed companies in 2002, following a string of accounting scandals including one at Enron Corp. The… Read More ›
Insurance Cover For Coronavirus Withdrawn By Three More Travel Insurers
Travel related insurance cover for future coronavirus claims has been withdrawn by three more travel insurers – Aviva, InsureandGo and the Post Office, following a similar measure earlier by LV=. Late on Wednesday night, an announcement that sale of all… Read More ›
ECB Announces New Stimulus To Address Coronavirus Impact, Retains Interest Rates
While not making any change on the interest rates, the European Central Bank has announced a set of fresh stimulus measures to help the European Union to tackle the economic fall out of the spread of the coronavirus – now… Read More ›
U.S. response to coronavirus – payroll tax cuts, extension of tax deadline on the table: U.S. Senate Finance Committee Chairman Chuck Grassley
With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›
U.S. Administration looking at CalPERS holding in Chinese defense firms: U.S. national security adviser
The U.S. Administration is “looking at” investments made by the California Public Employees’ Retirement System (CalPERS) in Chinese military companies, said U.S. national security adviser Robert O’Brien. O’Brien’s comments come midst U.S. charges of massive Chinese espionage in the United… Read More ›
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