The biggest U.S. retailer for musical equipment and instruments, Guitar Center Inc, has filed for Chapter 11 bankruptcy, in the United States Bankruptcy Court of the Eastern District of Virginia, despite the fact that music lovers continuing to shop online… Read More ›
Sustainability
Europe Could Be Hit By A Third Wave Of The Pandemic, Warns WHO’s Covid Envoy
The beginning of a third wave of the pandemic in Europe in early 2021was predicted by a World Health Organization (WHO) special Covid-19 envoy. The next wave of the novel coronavirus pandemic will take place if various European governments repeat,… Read More ›
New Rules For Banning Shipping In Arctic Come With Waivers Described As ‘A Missed Opportunity’
A series of restrictions have been imposed on ships which use and transport heavy grade oils by the International Maritime Organization with the aim that the restrictions will help to protect the lands, communities and wildlife present in the Arctic… Read More ›
Record 400 Billion-Pound Borrowing To Plan Be Announced By UK Next Week
The largest public borrowing since World War Two is will be announce by the United Kingdom’s finance minister Rishi Sunak when he would be detailing the government’s spending plans next week. The UK economy has seen its biggest hit in… Read More ›
Safety Measures Is Key For Cruise Industry To Get Going, Says Carnival Cruise Boss
It possible for the global cruise industry, worth $150bn annually, to get going again after the pandemic hit by implementing new safety measures, believes the chief of the biggest cruise company of the world. Ever since the novel coronavirus pandemic… Read More ›
Vaccine Euphoria Prompts Investors To Rush To Equities And Shun Gold
As soon as positive news emerged about Covid-19 vaccines from the United States last week, investors stormed back into riskier assets as they invested $27 billion into equity funds amid euphoric buying of shares in the sectors that have been… Read More ›
Cautioning Against A Third Wave Of Pandemic, Gradual Lifting Of Covid-19 Restrictions Urged By EU Chief
To prevent a third wave of the novel coronavirus pandemic, government in Europe should ease business and social restrictions and lockdowns imposed to prevent the spread of the virus in a gradual manner, cautioned the president of the European Commission…. Read More ›
EU Official Tests Positive, Brexit Talks Suspended, Chief EU Negotiator Self-Isolates
After a member of the European Union’s negotiating team tested positive for coronavirus, Michel Barnier, the chief negotiator of the EU was forced to go into self-isolation while the two parties had to also suspend the face-to-face Brexit negotiations in… Read More ›
For The First Time Debt Bonds At Negative Interest Rates Offered By China
Fears that the slow economy recovery of the Western economies will keep interest rates near record lows for quite some time is being cashed in by China. In a bond sale that attracted significant investor interest, for the first time… Read More ›
EU secures hundreds of millions of Pfizer-BioNTech and CureVac COVID19 vaccine doses
According to an EU official involved in the negotiations to secure COVID-19 vaccines for the bloc, the European Union could potentially pay more than $10 billion to secure hundreds of millions of doses of vaccine candidates developed by Pfizer-BioNTech and… Read More ›