In Europe, which has now been termed as the new epicenter of the coornavirus pandemic by the World Health Organization (WHO), there is increasing pressure on policy makers to announce new measures to address the economic impact of the pandemic…. Read More ›
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UK Sandwich Chain Eat Permanently Shuts Shop After 24 Years
The once popular and currently struggling sandwich chain of the United Kingdom – Eat, will shut down completely and will not be seen on the high street of the country after Pret Manger, the owner of the brand, decided to… Read More ›
Lockdown Is Causing A Shift Among Gamblers From Sports To Riskier Alternatives
According to one of the United Kingdom’s biggest gambling websites, with the lockdown in several countries including the UK in order to prevent the spread of the coronavirus, there has been a shift of gamblers from wagers on sport to… Read More ›
Coronavirus Lockdowns Puts Millions Of Gig Economy Workers In Dilemma
The coronavirus pandemic has put an impossible choice for the millions of gig economy workers across the world – whether to ignore the lockdown and go out to work or stay at home and earn nothing. This was evident in… Read More ›
Concerns Over Shortage Of Global Drug Supply As India Goes Into Lockdown Due To Coronavirus
The global pharmaceutical supply chain, that has become heavily reliant on China and India, could get disrupted because of the coronavirus pandemic, warned analysts. This has been accentuated by India taking strong measures of social distancing to prevent the spread… Read More ›
Large U.S. banks expresses gratitude towards frontline workers with special pay packages
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
Record Unemployment Claims May Be Made This Week In US As Americans Lose Jobs Due To Virus Pandemic
The rapid spread of the coronavirus pandemic in the United States has impacted the workforce in the country with Americans already starting to lose their jobs. Economists are now predicting that the situation is set to get worse in the… Read More ›
UK Could Be Flooded With Toxic Cosmetics Under US Trade Deal
There can be relaxation of stringent laws which prohibit the use of dangerous ingredients in imported cosmetics if there is a trade deal between the United Kingdom and the United States, campaigners in the UK have warned. There have already… Read More ›
IMF Says Despite Risks, Chinese Economy Is Normalizing
International Monetary Fund officials said in a blog discussing the economic impact of the coronavirus pandemic that there were some signals that the economy of China – the second largest in the world, was slowing getting back to normal after… Read More ›
Emergency Stimulus Package Worth Billions Announced By Europe
An emergency package worth €750bn ($820bn) for combating the economic fall out of the coronavirus pandemic was launched by the European Central Bank (ECB). The money will be used for purchasing of government and company debt all across the eurozone… Read More ›