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 ›
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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 ›
Coronavirus Pandemic Causes US Economy To Shrink By 4.8% In First Quarter
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 ›
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 ›
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