Recent Posts - page 500

• Coronavirus Crisis Impact: 6,000 Airbus Staff To Be Furloughed In Europe

  By admin2 on April 28, 2020 • ( 0 )

  

  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 ›

• World’s biggest spirit maker Diageo raises $2.5 billion from bond offering

  By admin1 on April 28, 2020 • ( 0 )

  

  On Tuesday, the world’s largest spirits maker, Diageo, launched a $2.5 billion bond offering weeks after suspending its share buyback programme in response to the coronavirus crisis. Diageo, whose brand of whiskey includes Johnnie Walker, said, the offering will be… Read More ›

• GM, Ford & FCA plan on resuming some production at U.S. auto plants from May 18

  By admin1 on April 28, 2020 • ( 0 )

  

  According to a report from the Wall Street Journal, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are slated to to resume some production at their U.S. factories from May 18. Their U.S. plants were shutdown in… Read More ›

• Germany agrees to $9.74 billion rescue package for Lufthansa

  By admin1 on April 28, 2020 • ( 0 )

  

  In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return… Read More ›

• Novartis Q1 sales, core operating profit and net profit meets 2020 targets

  By admin1 on April 28, 2020 • ( 0 )

  

  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 ›

• Italy to ease lockdown from May 4: Giuseppe Conte

  By admin1 on April 27, 2020 • ( 0 )

  

  Italian Prime Minister Giuseppe Conte stated, starting from May 4, factories and building sites will re-open on May 4 and in the weeks to come more businesses will be allowed to conduct business. The development comes as Italy prepares to… Read More ›

• EU firms affected by coronavirus eligible to apply for govt loan: source

  By admin1 on April 27, 2020 • ( 0 )

  

  According to a source familiar with the matter at hand, European Union companies that have been impacted by the coronavirus will be eligible for a government loan of up to 5% of their 2019 turnover. With several countries asking for… Read More ›

• Widespread testing & treatment for COVID-19 will kickstart the economy

  By admin1 on April 27, 2020 • ( 0 )

  

  For reviving the U.S. economy, investors are pinning their hopes for wider availability of testing for COVID-19 along with drug trials; until there is some concrete progress in these areas stock market gains are likely to be limited. The S&P… Read More ›

• Starbucks enters into strategic partnership with Sequoia Capital China

  By admin1 on April 27, 2020 • ( 0 )

  

  On Monday, Starbucks said it has entered into a strategic partnership with Sequoia Capital China, an investment firm, which will will see the two companies making strategic join investments in China’s technology sector. In a statement Starbucks said, the partnership… Read More ›

• Nordic American Tankers Making ‘Lot Of Money’ Amid The Oil Supply Glut, Says CEO

  By admin2 on April 26, 2020 • ( 0 )

  

  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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