The United State economy – the largest of the world, has contracted to an extent that is the highest in a decade in the first quarter of the current year primarily because of the lockdown and the closure of businesses… Read More ›
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Reports Increased Earnings As Consumers Stock Up During Pandemic Crisis
There was a 10 per cent growth in the first-quarter adjusted earnings of PepsiCo as consumers stocked up on its drinks and snacks in preparing in anticipation of the need to spend more time locked up at home because of… Read More ›
Coronavirus Crisis Impact: 6,000 Airbus Staff To Be Furloughed In Europe
European aircraft maker Airbus is set to furlough more than 6,000 workers in the United Kingdom and France on the basis of the programs announced by the governments of the tow countries. The company had reportedly warned its staff just… Read More ›
Novartis Q1 sales, core operating profit and net profit meets 2020 targets
Profits and first quarter sales of Swiss drugmaker Novartis have met their 2020 targets following sales at its generics unit continuing through the coronavirus lockdown without disruptions its business. Novartis’ core net income rose to $3.55 billion, up from $2.8… Read More ›
Nordic American Tankers Making ‘Lot Of Money’ Amid The Oil Supply Glut, Says CEO
In recent weeks, as the global oil market went into a price shock, stocks of oil tanker companies continued to climb. And business is better than ever, according to the observations of the founder and head of Nordic American Tankers…. Read More ›
His Caribbean Island Offered As Collateral By Branson Against Loan For Virgin Airlines
Billionaire business tycoon and founder of the Virgin Group, Sir Richard Branson, has offer as collateral his luxury island resort to help get a bailout package for the stricken airline Virgin Atlantic from the United Kingdom government. He was seeking… Read More ›
Warning Against Use Of Chloroquine And Hydroxychloroquine Issued By US FDA
The United States Food and Drug Administration (FDA) issued a warning on Friday to consumers over self medication of malaria drugs chloroquine and hydroxychloroquine for the treatment of Covid-19, the disease caused by the novel coronavirus, and said that such… Read More ›
A Trillion-Euro Fund To Support Economy Ravaged Economies Launched By EU
The European Union has finalized the creation of fund that will be able to raise at least 1 trillion euros or $1.1 trillion which will be spent in supporting and helping EU’s regional economies that have been significantly damaged by… Read More ›
Worst Contraction Since Great Recession Recorded By South Korea’s Economy
The impact of the coronavirus pandemic on consumer demand and exports in South Korea forced its economy into the most severe contraction since the 2008 financial crisis. Analysts fear that the worst for the economy is yet to come. According… Read More ›
Unemployment Claims In US Cross 26.4 Million Amid Pandemic Crisis
The economic impact because of the novel coronavirus pandemic on the American economy continues to pile up – evident from a fresh batch of about 4.4 million Americans filing for unemployment benefits last week. The total; number of applications for… Read More ›
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