On Monday, in a significant development, HSBC Holdings PLC has issued an earnings guidance saying, its bad debt charges could balloon past its previous estimate of $13 billion this year with profits falling by more than 50% due to the… Read More ›
Strategy
Shell Australia to acquire environmental services firm Select Carbon
On Monday, the Australian unit of Royal Dutch Shell stated, it has decided to acquire Select Carbon, an environmental services firm, as it moves ahead with its plan on cutting back its carbon footprint and expand its low-carbon and renewable… Read More ›
Prescription drug marketplace GoodRx Inc files for IPO
According to sources familiar with the matter at hand, GoodRx Inc, a U.S. online prescription drug price marketplace has filed documents with the U.S. Securities and Exchange Commission for a potential initial public offering (IPO). In 2018, during a funding… Read More ›
Siemens Healthineers acquires Varian Medical Systems Inc for $16.4 billion
On Sunday, German health group Siemens Healthineers stated, it plans on acquiring Varian Medical Systems Inc for $16.4 billion. Varian Medical Systems Inc makes devices and software for treating cancer. According to the agreement, Siemens Healthineers will be acquiring all… Read More ›
Europe’s Economy Suffers Record 11.9% Slump In GDP Reported By EU For Second Quarter
The novel coronvirus pandemic hit the European economy very hard during the second quarter with a contraction of 11.9 per cent s the economy was pushed into a deep recession. In terms of the quarter-on-quarter contraction in the GDP of… Read More ›
South Koreans Worried Of Covid-19 Infection Microwaves Currencies Causing Surge In Damaged Cash
A large number of South Koreans who are worried of getting infected with the novel coronavirus by touching on currency noted laced with the virus are putting banknotes in their microwaves and washing machines which is damaging the bills, as… Read More ›
“Explosive” Purchasing By China Of US Farm Goods Needed To Meet Phase 1 Trade Deal Target
While it may not be impossible, it certainly is looking like a big, big stretch – the pledge of China to purchase far goods from the United States worth $36.5 billion this year with almost seven months of the year… Read More ›
Central Europe’s Covid-19 Recovery Could Be Stalled By Auto Industry
The main drag for the efforts in central Europe to stage a recovery from the novel coronavirus pandemic hit to the economy could be the auto industry which has for long been a driver of economic growth of the region…. Read More ›
Worst Quarterly Contraction Since Second World War Recorded For Second Quarter in US
The sharpest contraction in since the Second World War in the United States economy was reported for the April to June quarter at an annual rate of 32.9 per cent year on year, according to government figures released by the… Read More ›
Aldi’s Expansion Drive In UK To Create 1,200 New Jobs This Year
In what was a rare piece of good news for job seekers amidst the severely hit global economy because of the novel coronavirus pandemic, German based supermarket chain Aldi announced its plans to hire 1,200 new employees during the rest… Read More ›
