Recent Posts - page 506

• Smithfield Foods, biggest U.S. pork processor indefinitely shuts down Sioux Falls, South Dakota, plant due to coronavirus pandemic

  By admin1 on April 13, 2020 • ( 0 )

  

  Smithfield Foods, the world’s biggest pork processor stated, it will shutdown a U.S. plant indefinitely following a hike in the number of coronavirus cases among employees. It also warned that the country is moving “perilously close to the edge” in… Read More ›

• Asian Development Bank announces $20 billion rescue package for developing countries to fight off coronavirus pandemic

  By admin1 on April 13, 2020 • ( 0 )

  

  In a statement on Monday, the Asian Development Bank announced that it is tripling the size of its rescue package to developing countries in Asia to $20 billion in order to help them cope with the severe macro-economic and health… Read More ›

• China buying U.S. agricultural products as per Phase 1 trade agreement, looks forward to coordinated response

  By admin1 on April 12, 2020 • ( 0 )

  

  On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›

• 3M files lawsuit against Performance Supply LLC for alleged price gouging by as much as 600%

  By admin1 on April 11, 2020 • ( 0 )

  

  3M Co has filed a lawsuit against New Jersey-based Performance Supply LLC alleging that it had posed as an authorized 3M vendor of its N95 respirators and had offered millions of them for sale after hiking up their price by… Read More ›

• Coronavirus Pandemic Crisis Forces Airbus To Scuttle Plans For New A321 Plant

  By admin2 on April 10, 2020 • ( 0 )

  

  In what was the latest exemplification of the impact of the coronavirus pandemic ripping through the global airline industry, the plans of aircraft making giant Airbus to create a new assembly line for its A321 airliner has have been cancelled… Read More ›

• Major Oil Producers Agree On A Possible Production Cut To Stabilize Price

  By admin2 on April 10, 2020 • ( 0 )

  

  There is good news for oil producers across the world. The price war that was raging between Russia and Saudi Arabia since the last one month has apparently come to an end as the two of the largest oil producing… Read More ›

• China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs

  By admin1 on April 10, 2020 • ( 0 )

  

  On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›

• Boeing aims to cut 10% of its workforce

  By admin1 on April 10, 2020 • ( 0 )

  

  According to a report from the Wall Street Journal, Boeing Co is weighing its options on a job cut, which could involve early retirements and involuntary layoffs and could also involve buyouts. Boeing’s aims to cut its workforce by 10%…. Read More ›

• China facing unprecedented economic challenges: China’s assistant commerce minister

  By admin1 on April 10, 2020 • ( 0 )

  

  On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›

• France earmarks $21.7 billion for corporate bailouts of public & private companies

  By admin1 on April 10, 2020 • ( 0 )

  

  On Friday, French Finance Minister Bruno Le Maire stated, the French government has allocated $21.7 billion (20 billion euros) for helping big companies shore up their capital reserves. “We’ve decided to put credit on the fund, to put 20 billion… Read More ›

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