In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
The high-profile London-based satellite start-up – OneWeb, blamed the coronavirus pandemic while it was forced to file for bankruptcy protection in the United States. The company was engaged in the development of a network to deliver broadband across the globe…. Read More ›
While the world is struggling to control the spread of the deadly coornavirus pandemic, North Korea is continuing to conduct tests of its missiles. On Sunday, the pariah nation fired what was apparently two short-range ballistic missiles into the ocean… Read More ›
Supermarkets and grocers are making huge hiring to address the sudden additional demand of products as people continue to stock up because of the coronavirus pandemic. More than 23,500 employees have so far been hired by Kroger and has announced… Read More ›
The huge economic fallout from the coronavirus pandemic that has impacted more than 80 poor and middle-income countries who have now requested the International Monetary Fund for financial assistance in recent weeks. While saying that the global economy has entered… Read More ›
The rapid pace of the spread of the coronavirus pandemic all across the world and the severity of the disease caused by it – Covid-19, has forced many countries to go on lockdowns. That has resulted in millions of job… Read More ›
As about one fifth of the global population around the world are placed under lockdowns because of the coronavirus pandemic, many countries are contemplating putting a cap on the flow of staple foods which has raised concerns for global food… Read More ›
In a statement, the local county manager of U.S. electric carmaker Tesla Inc stated, the on-site staff at its Nevada battery plant will be slashed by 75% because of the Wuhan coronavirus. The development comes in the wake of Panasonic… Read More ›
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