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 ›
In a statement, the U.S. Justice Department stated, it has approved the planned merger of United Technologies Corporation with Raytheon Co, subject to certain conditions. In June 2019, UTC agreed to combine its aerospace business with Raytheon in order to… Read More ›
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
According to a Channel 4 news bulletin, Roche has struck a deal with Britain to increase the country’s testing capacity for the Wuhan coronavirus. The report, cites Britain’s health authority Public Health England as saying, the new COVID-19 testing machines… Read More ›
There was an almost 20 per cent growth in the wind power capacity across the world for 2019, following up on a year that saw record growth in offshore wind farms as well as in onshore projects in the United… Read More ›
The Group of 20 major economies of the world has decided to pump in $5 trillion into the global economy though national measures in order to try and ease the economic impact of the coronavirus pandemic while also pledging to… Read More ›
In a report, the South China Morning Post said, the United States and China are expected to set aside their differences and focus on the challenges of controlling and stopping the pandemic when leaders of the G20 nations hold talks… Read More ›
