A sharp drop in demand because of the coronavirus pandemic and the restrictions put on business activities have cause a contraction in the services sector of Japan in March that was the fastest for any month since the global financial… Read More ›
Regulations & Legal
Record Drop For UK Service Sector Activity In March Due To Virus Pandemic
The economic impact of the coronavirus pandemic is being felt by the services sector of Britain, which in March recorded a decline in activity at the fastest pace beer seen in more than the last two decades. A joint report… Read More ›
Trump invokes Defense Production Act to stop export of N95 masks
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
Toshiba Corp applies for return to first section at Tokyo Stock Exchange
On Friday, Japan’s Toshiba Corp stated, it has filed an application to return to the Tokyo Stock Exchange’s first section. In 2017, Toshiba was relegated to the second section following a massive writedowns at its U.S. nuclear power business after… Read More ›
All Time Record For US Unemployment Benefit Claim Due To Coronavirus Pandemic
The number of Americans who filed for unemployment benefits hit a history high for the last week as more and more lose their jobs because of shutting down of business due to the conronavirus pandemic. The latest figures broke the… Read More ›
Millions of small U.S. firms set to tap $2.2 trillion Paycheck Protection Program on Friday
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 ›
KKR shelves divestment of Singapore-based intermediate bulk container maker, midst market turmoil from Wuhan Coronavirus
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 Says Global Growth Being Pushed Towards Zero Because Of Coronavirus Pandemic
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 ›
American Airlines to apply for up to $12B in govt aid: Internal Memo
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 ›
U.S. working on executive order that expands ‘Buy America’ provisions: USTR
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 ›
