The novel coronavirus pandemic is set to hit the tea producers of the world as the disease and the related lockdowns and social distancing norms have resulted in a shutdown of the harvest in several important regions, including picking of… Read More ›
The future management of Samsung will not be handed over to his children by him, said the South Korean electronic giant’s de facto leader Lee Jae-yong. This announcement was made by the billionaire Samsung vice chairman, who is the son… Read More ›
According to the forecast of the European Commission, there will be a contraction of a record 7.7 per cent for the current year in the euro zone economy because of the economic impact of the novel coronavirus pandemic. The Commission… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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