Recent Posts - page 462

• HSBC plans on cutting 35K jobs in the medium term: internal memo

  By admin1 on June 17, 2020 • ( 0 )

  On Wednesday, according to an internal memo, HSBC plans on reviving its massive redundancy plan of trimming its workforce. It plans on cutting 35,000 jobs over the medium term, reads the memo. It will also maintain a freeze on almost… Read More ›

• Facebook Refuses To Share Ad Revenues From News Content In Australia

  By admin2 on June 16, 2020 • ( 0 )

  

  Social media giant Facebook has refused to share advertisement revenues generated from its social media platforms, ignoring the calls from both the Australian government and news companies about sharing advertising revenue with the media. Facebook has instead suggested that it… Read More ›

• First Covid-19 Positive Cases In New Zealand After More Than 3 Weeks

  By admin2 on June 16, 2020 • ( 0 )

  

  Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›

• Historic Drop In Oil Demand In Current Year, Predicts IEA, Recovery In 2021

  By admin2 on June 16, 2020 • ( 0 )

  

  The drop in demand for oil for the current year will be the steepest in history, predicted the International Energy Agency on Tuesday. The IEA said that “a more stable footing” over the coming months could be reached by the… Read More ›

• Members of European Parliament propose suing China over national security laws in Hong Kong

  By admin1 on June 16, 2020 • ( 0 )

  

  In a significant development, members of the European Parliament have drafted a lawsuit accusing China of violating the Sino-British Joint Declaration and the International Covenant on Civil and Political Rights in a strong pushback to Beijing’s move to impose draconian laws… Read More ›

• NYSE reopens trading floor to designated market makers

  By admin1 on June 16, 2020 • ( 0 )

  

  Nearly three after it closed down following the coronavirus pandemic, the New York Stock Exchange is set to allow a limited number of market makers to its trading floor on Wednesday. The number of designated market makers, who oversee trading… Read More ›

• Second wave of coronavirus infections rattles China’s confidence, market tumbles, stocks fall

  By admin1 on June 15, 2020 • ( 0 )

  

  On Monday, the coronavirus which first emerged in the Chinese city of Wuhan, saw a second wave hitting the Chinese capital with a link to its biggest wholesale food market. Security checkpoints are back in cities, with the Chinese government… Read More ›

• Workers to be back at Volkswagen’s Mexican plants for preparation and training

  By admin1 on June 15, 2020 • ( 0 )

  

  In a statement, Volkswagen AG’s Mexican unit said, workers are scheduled to be back in its plant Puebla on Tuesday. The development underscores VW’s intent to prepare its workers and train them at mitigating COVID-19 related protocols so that production… Read More ›

• Unilever ramps up efforts significantly to fight climate change

  By admin1 on June 15, 2020 • ( 0 )

  

  On Monday Unilever Plc stated, it aims to invest 1 billion euros in a fund which will invest in climate change projects; it also aims to slash its net greenhouse gas emissions to zero from all its products by 2039… Read More ›

• Global Luxury Brands See Hope Of Re Bound In ‘Revenge Spending’ Of Chinese Consumers

  By admin2 on June 14, 2020 • ( 0 )

  

  There is some hope for the global luxury goods industry to stage a revival from the novel coronavirus pandemic related impact on their business as Chinese consumers have finally started to purchase high-end handbags, shoes and jewelry again. However the… Read More ›

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