Recent Posts - page 456

• European Union’s First Chamber of the Court of Justice rules against BlackRock on VAT exemption

  By admin1 on July 2, 2020 • ( 0 )

  

  On Thursday, the European Union’s First Chamber of the Court of Justice ruled that BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds. BlackRock, the… Read More ›

• Power utility PG&E emerges from Chapter 11 bankruptcy proceedings

  By admin1 on July 2, 2020 • ( 0 )

  

  PG&E Corp has emerged from Chapter 11 bankruptcy proceedings marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. Thanks to a state-backed fund, PG&E managed to get out… Read More ›

• Swiss drugmaker Novartis AG settles kickback charges for $729 Million: DoJ

  By admin1 on July 2, 2020 • ( 0 )

  

  In a statement, the U.S. Department of Justice said, Novartis AG has agreed to settle U.S. government charges that it had made illegal transfers, in the nature of kickbacks, to doctors and patients, in order to boost drug sales. Swiss… Read More ›

• Macy’s inc reports net loss of $3.58 billion in first quarter

  By admin1 on July 1, 2020 • ( 0 )

  

  On Wednesday, in a statement Macy’s Inc reported a $3.58 billion loss stemming from the lockdowns induced by the coronavirus which emerged from Wuhan, China. Losses in the coronavirus-hit quarter are mainly in the goodwill and asset impairment charges of… Read More ›

• Airbus to trim 1700 jobs in UK

  By admin1 on July 1, 2020 • ( 0 )

  

  In a statement, the union of airplane maker Airbus said, Airbus will cut 1,700 UK jobs across its operations across Britain including at two of its biggest factories, as it races to save the company from further cash burn. The… Read More ›

• Netflix appoints Bozoma Saint John as chief marketing officer

  By admin1 on July 1, 2020 • ( 0 )

  

  In a development that signals a wider racial inclusion into senior management, Netflix Inc has appointed Bozoma Saint John as its chief marketing officer, effective from August 2020. Saint John’s previous work experience includes being the head of marketing at… Read More ›

• Goldman Sachs’s investment banking unit ramps up hiring of African Americans, targets wider racial inclusion in management

  By admin1 on July 1, 2020 • ( 0 )

  

  According to a memo,the investment bank unit of Goldman Sachs Group Inc has formed a new group to increase the recruitment of Black employees and improve career development and retention among existing Black employees. Nicole Sharp, Goldman’s spokeswoman, vetted the… Read More ›

• China’s Factory Activity For June Quickens But Exports Dragged Due To Pandemic

  By admin2 on June 30, 2020 • ( 0 )

  

  While the June numbers for factory activity of China were encouraging and was better than expected, fueling hopes for a fast economic recovery globally and domestically. However, the Chinese economy will however be dragged for some time because of the… Read More ›

• Worst Contraction In 41 Years In First Quarter For UK Economy

  By admin2 on June 30, 2020 • ( 0 )

  

  The economy of the United Kingdom shrank to its joint largest fall since 1979, according to official figures, with a contraction of 2.2 per cent in the January to March quarter. This drop was more than was initially expected. Its… Read More ›

• Shell to write down $22 billion, revises oil and gas outlook for the next 3 years

  By admin1 on June 30, 2020 • ( 0 )

  

  On Tuesday, Royal Dutch Shell said, it will be writing down $22 billion from the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic. The development comes in the… Read More ›

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