The United Kingdom government has just announced a package worth billions of pounds to cushion the economic fallout on its economy and businesses because of the spread of the coronavirus. This announcement was made by the country’s finance minister on… Read More ›
Unless strong economic support was provided by the governments of the various member countries in the European Union, Europe as a region will plunge into an economic downturn similar to the 2008 financial meltdown because of the economic fall out… Read More ›
About 58 million German residents – which is about 70 per cent of the population of Germany could contact the coronavirus, warned German Chancellor Angela Merkel. This warning was issued by her during a news conference on Wednesday which she… Read More ›
In a report, Lebanon’s broadcaster LBC quoted the country’s Finance Minister Ghazi Wazni as saying Lebanon will resort to a disorderly default if creditors are not prepared to negotiate; he went on to add, investors will find it difficult to… Read More ›
In the months following the failure of the planned initial public offering (IPO) of WeWork, there has been a steep drop in the investment in venture capital deals by sovereign wealth funds which pushed it to touch its lowest in… Read More ›
A disagreement between OPEC and Russia over further and deeper coil production cuts resulted in the two parting ways after three years of working together to reduce oil production so that global oil prices could be shored up. The latest… Read More ›
In a statement, Uber Technologies Inc said, it will offer compensation to drivers and delivery people who have either been diagnosed with the coronavirus or have been placed in quarantine for up to 14 days. Uber has already begun compensating… Read More ›
All the Seattle, United States based employees of Amazon, Microsoft and Facebook have been advised by the companies to not to come to work and work from home for the next few weeks as the coronavirus outbreak continues to spread… Read More ›
According to four industry sources, PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak. PetroChina issued the force majeure notice to suppliers of… Read More ›
According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
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