With the spread of conspiracy theories online that put link the spread of the coronavirus pandemic in the United Kingdom to 5G mobile technology, a number of cell towers in the country have been set on fire and engineers harassed…. Read More ›
Strategy
Chinese Mask Makers Scramble To Make Most Of Growing Demand Amid Virus Pandemic
Chinese manufacturers of face masks are reportedly making huge profits as demand across the world rises among the healthcare workers and common people to try and fight the novel coronavirus. This rush to make masks has created a “madhouse” like… Read More ›
Silver Lake Partners aims to raise $16 Billion for its 6th flagship buyout fund: Sources
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
Saudi Aramco appoint Mark Weinberger to its board
In a statement, Saudi Aramco said, it has appointed Mark Weinberger to its board of directors as an independent director. Weinberger will replace Andrew Gould, said the company in a statement. Weinberger was the global Chairman and CEO of EY (previously… Read More ›
Rolls Royce ditches 2020 free cash flow targets due to Wuhan Coronavirus
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
Singapore’s revises date of forex intervention operations, helps market players align with monetary policies
On Monday, the Monetary Authority of Singapore (MAS) stated it will commence disclosing its foreign exchange intervention operations in April in order to enhance the market’s understanding of its monetary policy position. In a statement, the MAS said, its net… Read More ›
Service Sector PMI In Japan Drops At Fastest Pace In March Since 2009 Financial Crisis
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 ›
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 ›
Delta Air Lines Inc projects Q2 revenues to fall by 90% because of Wuhan Coronavirus
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… 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 ›
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