With the Christmas holiday season approaching, several billion dollars to deal with labor shortages and supply chain issues will be spent by it, Amazon has announced. It will do “everything it takes” to minimize the impact on customers and businesses,… Read More ›
Yum Brands Inc, the parent company of Taco Bell, exceeded the expectations of analysts at Wall Street for its quarterly revenue and earnings, driven by robust demand for its fried chicken and tacos offset a sales slowdown at its Pizza… Read More ›
Exxon Mobil announced on Friday that it will resume a share repurchase program next year, citing stronger earnings prospects following quarterly results that exceeded analysts’ expectations. The world’s largest oil producer reported an adjusted profit of $1.58 per share, topping… Read More ›
Microsoft Corp has dislodged Apple Inc as the most valuable publicly listed company in the world on Friday, because of the continued drop in the share price of the iPhone maker. The lingering global supply chain problems resulted in… Read More ›
Finance and health ministers from the world’s 20 largest economies (G20) said on Friday that they will make efforts to guarantee that 70% of the world’s population is vaccinated against Covid-19 by the middle of 2022 and that a task… Read More ›
With Afghanistan facing a severe cash crunch, migration crisis and mass starvation, the Taliban government is pressing for the release of billions of dollars from its central bank reserves. Afghanistan has parked billions of dollars in assets overseas with central… Read More ›
A worldwide parts and chip scarcity is weighing heavily on Japanese industries, with seven out of eight automakers reporting a decline in global output in September. This has cast doubts on the central bank’s assumption that the impact of supply… Read More ›
German customers are facing higher pricing for items across the board as more firms in Europe’s largest economy opt to pass on their higher manufacturing costs to customers as a result of widespread supply constraints and a rise in energy… Read More ›
With the easing of lockdowns and improving rates of Covid-19 vaccinations, fashion brands and airlines are regaining investor favor in Asia, as there has been an increase in travel and leisure activities while stripping off some of the luster off… Read More ›
In several parts of China, petrol stations have begun limiting diesel purchasess by customers due to rising costs and dwindling supply. According to tweets on the social media site Weibo, some truck drivers are being forced to wait for days… Read More ›
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