Going by Nissan Motor Co’s latest annual securities report, since April it has managed to raise $7.8 billion in financing from its creditors as it tries to shore up its cash reserves in the face of falling sales induced by… Read More ›
Sustainability
Paycheck Protection Program meant to support small businesses also supported large investment banks
According to official data released on Monday, the tens of millions of dollars U.S. lawmakers earmarked to assist small businesses during the Wuhan coronavirus-induced economic downturn, also went to investment banks who advise on corporate dealmaking. Some part of the… Read More ›
US Food Delivery Firm Postmates To Be Acquired By Uber For $2.65 Billion
With the aim of furthering its reach in the food delivery business and with the novel coronavirus pandemic spurring up demand for home delivered food, United States based ride hailing company Uber Technologies has decided to acquire Postmates Inc in… Read More ›
EU Threatens To Impose Tariffs On US Good Over Boeing-Airbus Subsidies Case
The 15-year row with the US over aircraft subsidies for Airbus and Boeing has been threatened to be escalated by the European Union unless a settlement is agreed to by the United States. There have been accusations posed against each… Read More ›
Amazon’s Prime Day To Be Postponed Till October Due To Pandemic
The novel coronavirus pandemic has forced e-commerce giant Amazon to postpone its marquee shopping event Prime Day. The company now plans to hold the event not before early October at the earliest. While previously planning on a September date for… Read More ›
Record 4.8 Million Jobs Created In the US In June
New jobs were created by companies in the American economy in the month of June at a record pace as companies hired more people following relaxation of novel coronavirus pandemic related restrictions. With addition to 4.8 million payroll jobs in… Read More ›
Goldman Sachs’s investment banking unit ramps up hiring of African Americans, targets wider racial inclusion in management
According to a memo,the investment bank unit of Goldman Sachs Group Inc has formed a new group to increase the recruitment of Black employees and improve career development and retention among existing Black employees. Nicole Sharp, Goldman’s spokeswoman, vetted the… Read More ›
China’s Factory Activity For June Quickens But Exports Dragged Due To Pandemic
While the June numbers for factory activity of China were encouraging and was better than expected, fueling hopes for a fast economic recovery globally and domestically. However, the Chinese economy will however be dragged for some time because of the… Read More ›
Worst Contraction In 41 Years In First Quarter For UK Economy
The economy of the United Kingdom shrank to its joint largest fall since 1979, according to official figures, with a contraction of 2.2 per cent in the January to March quarter. This drop was more than was initially expected. Its… Read More ›
Shell to write down $22 billion, revises oil and gas outlook for the next 3 years
On Tuesday, Royal Dutch Shell said, it will be writing down $22 billion from the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic. The development comes in the… Read More ›
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