Government inspectors in the United States have found out that more than $1.4bn of its pandemic rescue funds were sent by the US Treasury to people who we4re already dead by mistake. This disclosure was among the several “challenges” that… Read More ›
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The Worst Of The Coronavirus Crisis Has ‘Probably Passed’, Says ECB’s Lagarde
While expressing hope that the worst phase of the impact of the novel coronavirus pandemic on the world would be over, Christine Lagarde, the president of the European Central Bank, said that it is unlikely that the world and its… Read More ›
Qantas To Axe 20% Of Workforce In Response To Covid-19
Australia’s Qantas said on Thursday that it would implement a massive $10 billion cost-cutting program in response to the Covid-19 crisis, which will include jobs cuts of at least 20 per cent of its total workforce and the grounding of… Read More ›
Apple’s Valuation Is About 20% Short Of Being A $2 Trillion Company
Investors at Wall Street have reacted positively to what they saw and heard from Apple during the Worldwide Developers Conference organized by the company in a virtual environment for the first time because of the novel coronavirus pandemic. This was… Read More ›
Green Campaign Group Alleges Wood From Unsustainable Logging Being Sold In EU
According to the allegations made by a green campaign group, consumers in the European Union are being falsely made to purchase unethically sourced timber from Ukraine as being ethical and sustainable because regulations in the Ukrainian forests is not proving… Read More ›
Plans Of A Platform To Take On Google And Apple Unveiled By Snapchat Owner
Plans for launching of a fully fledged digital platform that will rival not only Facebook but also Google and Apple were revealed by Snap, the company behind Snapchat. The company plans to soon launch an app store and expand its… Read More ›
UK Auto Trade Body Says One In Six Jobs In Car Industry At Risk
If the United Kingdom government does not provide a coronavirus support package, one in six jobs in the country’s car industry will be at risk of redundancy, warned an industry body. This was disclosed in a survey conducted by the… Read More ›
Hopes Of Recovery Ignited By Significant Slowing Of Downturn In Euro Zone In June
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 ›
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 ›