Insurance market Lloyd’s of London has said it expects insurance claims from coronavirus related issues to be between $3bn and $4.3bn. That would be the highest insurance claims since the Twin Tower attacks on 11 September 2001 in the US…. Read More ›
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Free Trade Negotiations With Japan To Ne Started By The UK
After launching trade agreement negotiations with the United States and the European Union simultaneously, the United Kingdom has now wants to start trade negotiations with Japan and published its negotiating objectives to strike a free trade agreement. The UK’s Department… Read More ›
FBI Says Research On Coronavirus Vaccine Targeted By Chinese Hackers
According to explosive reports published in two newspapers in the United States, research on developing a vaccine against coronavirus are being attempted to be hacked by Chinese hackers, according to alarms raised by the US Federal Bureau of Investigation and… Read More ›
India Announces $266 Billion Package For Supporting Economy Hit By Covid-19
The Indian government has announced a $266 billion assistance package to support its economy which has been hit by the novel coronavirus pandemic. The headline figure was announced by the Indian Prime Minister Narendra Modi through a national address on… Read More ›
US Job Loss At 14.7%, Highest Ever Since Great Depression
The extent of the economic hit of the coronavirus pandemic in the United States became clearer after reports of the unemployment rate in the country rising to 14.7 per cent. In April alone, 20.5 million jobs were lost in country…. Read More ›
Coronavirus Lockdown Hits Tea Harvesting
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 ›
Tainted Samsung Leader Pledges Not To Hand Over Management To His Children
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 ›
EU Commission Forecasts Record Recession For Euro Zone
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 ›
New Report Identifies 7 New Trends For Shoppers In A Post Covid-19 Era
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 ›
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 ›