The coronavirus-induced COVID-19 pandemic is boosting up air freight rates as we head into peak Christmas shopping season. The pandemic, which caused a sharp fall in passenger flights, in tandem with rising demand for e-commerce has set the stage for… Read More ›
Measures much deeper cuts on spending in the near future were detailed by Exxon Mobil Corp as the company reported a loss for the third quarter – a straight third quarter of loss for the energy giant. The company is… Read More ›
Fresh lockdown ion some countries – particularly in Europe, because of a new wave of novel coronavirus infections pushed global oil prices to a five-month low on Monday. With rising rate of infection of Covid-19, many countries including UK, France… Read More ›
Despite posting record growth for the third quarter, some analysts and economists feel that Europe still faces the spectre of recession. After the third quarter, there is a looming risk that the region would be pushed straight back into recession… Read More ›
The next generation of the home rental firm Airbnb’s products and services will now be designed by Sir Jony Ive who led designing at Apple Inc for the company’s IMac, iPhone, iPad and Apple Watch. With the struggling San Francisco… Read More ›
Analysts and market experts are expecting the current trend of suppressed demand for oil and gas to get prolonged which will further increase problems for companies in this sector which have already been hit hard by the novel coronavirus pandemic…. Read More ›
Fewer new users than what Wall Street analysts were expecting were added by social media company Twitter Inc for the third quarter, the company said on Thursday. It also added that it would also see an acceleration of costs in… Read More ›
Apple reported its steepest quarterly drop in iPhone sales in two years for the third quarter of the current year as its iPhone customers put off purchasing the new iPhones devices because of the late launch of new 5G phones… Read More ›
Despite reporting a 38 per cent drop in its net profit for the third quarter, Credit Suisse expressed strong conviction that looking ahead, its wealth management and investment banking divisions will be bolstered by expected volatile market conditions. For the… Read More ›
On Friday, a source familiar with the matter at hand said, shareholders of LG Chem have approved a proposal by company to separate its battery business into a new company. The development paves the way for its battery business, to… Read More ›
manageria.biz 