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 ›
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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 ›
First Covid-19 Positive Cases In New Zealand After More Than 3 Weeks
Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›
Historic Drop In Oil Demand In Current Year, Predicts IEA, Recovery In 2021
The drop in demand for oil for the current year will be the steepest in history, predicted the International Energy Agency on Tuesday. The IEA said that “a more stable footing” over the coming months could be reached by the… Read More ›
Global Luxury Brands See Hope Of Re Bound In ‘Revenge Spending’ Of Chinese Consumers
There is some hope for the global luxury goods industry to stage a revival from the novel coronavirus pandemic related impact on their business as Chinese consumers have finally started to purchase high-end handbags, shoes and jewelry again. However the… Read More ›