The coronavirus pandemic has taught people to stay at home and work from home as well as forced people to adapt to new norms of shopping. Therefore, after the pandemic ultimately comes to an end, many people will potentially emerge… Read More ›
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European Aviation Sector Witnessing ‘Tsunami’ Of Job Cuts, US Carriers Could Follow Suit
The severe hit of the travel restrictions and lockdown because of the novel coronavirus pandemic on the global airline industry has forced airlines to scale back their businesses. The airlines also do not see a quick recovery from the coronavirus… Read More ›
Berkshire Hathaway Inc sold 100% stakes in 4 biggest U.S. airlines in April
On Saturday, in a statement Warren Buffett, the Chairman of Berkshire Hathaway Inc said, Berkshire Hathaway had sold 100% stake in the four largest U.S. airlines in April, at the company’s annual general meeting wherein he said, “the world has… Read More ›
5G Demand Cushions Virus Impact As Qualcomm Forecasts Upbeat Revenue
Chip maker Qualcomm signed more contracts for 5G phones, that require higher priced micro processing chips, during the first quarter as the company forecast revenue for the current quarter largely in line with market expectations, even as the coronavirus pandemic… Read More ›
Covid-19 Crisis Hits Twitter’s Advertising Business
While reporting a record number of users, Twitter Inc. has also reported a severe hit to its advertisement revenues because of the novel coronavirus pandemic for the first quarter fo the current year. During the period, revenues of $808 million… Read More ›
Euro Zone Reports Worst Contraction Since 1995 Due To Pandemic
The coronavirus pandemic has pushed the euro zone economy to into a contraction by 3.8 per cent in the first quarter compared to the first quarter of last year. The pandemic has seeverly impacted business activity in the region. The… Read More ›
ILO Warns Immediate Threat Of Livelihood Loss For Half Of World’s Workers
The International Labor Organization has warned that the economic impact of the coronavirus pandemic will put almost half the global workforce, equivalent to 1.6 billion people, in “immediate danger of having their livelihoods destroyed”. About 2 billion of the total… Read More ›
Economic Sentiment Index In Euro Area Drops In April
The Economic Sentiment Indicator (ESI), which is a key indicator for economic sentiments in both the European Union (EU) and the euro area plunged in April at the steepest rate of monthly decline ever recorded for the index, showed official… Read More ›
Jaguar Land Rover’s China Production Up To 75% Capacity As Demand Returns
Three-fourth of its budgeted production in China has been restored by the Tata Motors Ltd-owned British luxury carmaker Jaguar Land Rover (JLR), said reports quoting sources with knowledge of the matter. Reports stated that amid a revival of demand in… Read More ›
Research Suggest Halving Of Economic Damage By 8-Month ‘Structured Lockdowns’
According to researchers from Cambridge University and the United States Federal Reserve, the economic destruction because of the coronavirus pandemic if no social distancing measures were imposed by governments if there was enforcement of eight-month “structured lockdowns”. Many countries have… Read More ›
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