On Monday, in a statement insurance broker Marsh stated, global commercial insurance rates saw a rise of 19% during the second quarter, driven by higher by claims related to COVID-19 and other large losses. The company is witnessing its highest… Read More ›
On Monday, data released from Italy’s central bank showed, in June 2020, Italian banks had increased their lending to companies with business resuming after the Italian government gradually lifted a national lockdown to mitigate health risks from the Wuhan coronavirus…. Read More ›
On Monday, Norwegian oil and gas giant Equinor said it has appointed Anders Opedal as its new CEO with effect from November 2, 2020. Opedal will be replacing Eldar Saetre who is set to retire after serving the company for… Read More ›
There has been a distinct change the tone and attitude of European Union in recent weeks over the Brexit deal with the United Kingdom which has allowed progress to be made and prompted Britain’s top minister overseeing Brexit talks saying… Read More ›
Following the signing of an executive order by United States President Donald Trump that could put a ban on Chinese owned short video sharing app TikTok and Tencent owned messaging app WeChat, some of the unintended casualties of this could… Read More ›
In a significant development, six U.S. sources familiar with the negotiations have disclosed, the United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan. Armed with the SeaGuardian surveillance drones, that have a range of… Read More ›
On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure. Masuko, a veteran of the Mitsubishi conglomerate,… Read More ›
Japanese auto maker Toyota Motor Corp managed to pull out a very small quarterly profit which as the lowest for it in nine years as the company struggled to cope up with the hit to the global economy due to… Read More ›
German airlines Lufthansa has served notice to its German workers for compulsory lay-offs on Thursday as the embattled airline the job cuts were unavoidable as it had made a loss of 1.7 billion euros ($2 billion) in a single quarter… Read More ›
On Thursday, in a development that marks the challenges facing the Japan’s automaker Toyota Motor Corp, the carmaker posted a record 98% plunge in its first-quarter operating profit after the Wuhan coronavirus, which emerged from China, induced a slowdown in… Read More ›
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