The economic downturn in the euro zone because of the hit to economic activities by the novel coronavirus pandemic continued to show signs of recovery in June. The latest data released on Tuesday gave a clear indication of the current… Read More ›
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India Engaged In Unfair Practices On Charter Flights, Alleges US Transport Department
The Indian government has been accused of being engaged in “unfair and discriminatory practices” on charter air transportation services to and from India by the Transportation Department of the United States on Monday. Making this accusation, the Department has also… Read More ›
A ‘Bigger Global Threat Than Virus’ Is US China Cold War, Says Top Economist
Influential economist Jeffrey Sachs believes that it is not the novel coronavirus pandemic but the deepening cold war between the United States and China will turn out to be a much larger threat to global economy. In an interview to… Read More ›
Despite Political Tensions, Foreign Firms Are Buying Into Chinese Companies Helped By Open Market Policies
Amid the global economic and business uncertainty brought in by the novel coronavirus pandemic, more foreign businesses are investing in Chinese companies and buying them up which includes deals being made in the more sensitive industries of finance and technology… Read More ›
Some Leaders In EU Underestimating Covid-19 Induced Economic Crisis, Says Angela Merkel
There are people who are still not appreciative enough of what it will mean to slump into the “deepest recession since the second world war”, said German Chancellor Angela Merkel as she voiced fears over European Union leaders expressing opposing… Read More ›
Health Concerns And Lower Prices Sees Surge In Private Jet Flight Hiring
People who had never flown on private jets are opting to use them in order to avoid the crowds and lines seen in commercial flights to avoid possible infection of the novel coronavirus which has resulted in rapid rebound from… Read More ›
Soon After High-Level Talks, Trump Threatens To Sever China Ties
A day after the top diplomats of the United States participating in negotiations with counterparts of China in Beijing, US president Donald Trump renewed his threat to end ties with China. It was also a day ago that the US… Read More ›
Global Luxury Industry Will Suffer For 2 Years Or More Due To Covid-19, Warns Chanel
The French fashion label Chanel has said that the impact of the novel coronavirus pandemic will be felt by the international luxury industry for the next two years, and possibly even longer. The luxury retailer warned that the pandemic will… Read More ›
Push For Global Digital Tax To Be Continued By UK And Europe Despite US Walkout
Attempts to create a global framework for imposing digital tax on technology companies such as Google, Facebook and Amazon are being continued by the European Union and the United Kingdom despite the United States walking out of the negotiations for… Read More ›
Facebook Refuses To Share Ad Revenues From News Content In Australia
Social media giant Facebook has refused to share advertisement revenues generated from its social media platforms, ignoring the calls from both the Australian government and news companies about sharing advertising revenue with the media. Facebook has instead suggested that it… Read More ›
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