On Tuesday, Britain offered 4.6 billion pound support to businesses struggling with the third national lockdown, which was imposed this week to stem the new mutant wave of the coronavirus-induced COVID-19 cases that is sweeping across the U.K. In a… Read More ›
businesses
Travel bubble will separate travelers as Singapore open business to all countries from second half of January
On Tuesday, the government of Singapore said, it will open a new segregated travel lane for a limited number of officials, businesses, and high economic value travelers from all countries. The move is part of efforts to revive its key… Read More ›
XPO Logistics Inc spins-off warehousing and logistics business into separate publicly traded company
In a statement XPO Logistics Inc said it plans on spinning off its warehousing and logistics business into a separate publicly traded company. While the freight transportation and truck brokerage businesses will continue to remain with XPO, the new company… Read More ›
Britain-U.S. trade negotiations intensify ahead of critical U.S. Presidential elections
In a significant development, British trade minister Liz Truss said, Britain and the United States are intensifying trade negotiation. The announcement comes ahead of the start of the fifth round of negotiations focused on goods tariffs. Britain has placed a… Read More ›
Israel-UAE trade could reach $4 billion in 1 year: Israel’s Intelligence Minister Eli Cohen
On Monday, in a statement Israel’s Intelligence Minister Eli Cohen stated, the annual trade between Israel and the United Arab Emirates is likely to touch $4 billion. The development comes in the wake of an announcement by both countries that… Read More ›
Activist investor Amber Capital set for showdown with French publishing giant Lagardere
On Tuesday, activist investor Amber Capital is set to face one of its biggest test in its high-stakes bid to shake up governance at media and publishing firm Lagardere. Shareholders are set to vote as they attempt to revamp the… Read More ›
Burger chain Shake Shack Inc returns $10 million U.S. Small Business Administration loan
In the first such development, in a blog post, burger chain Shake Shack Inc stated, it will return the business loan that it took from the U.S. government which was meant to help businesses ride out the impact of the… Read More ›
Bank of Ireland received 15K applications for mortgage breaks in March
In a statement on Friday, the Chief Executive of the Bank of Ireland said, he has received 15,000 applications for payment breaks from mortgage customers in March and a further 5,000 businesses are seeking breaks from such payments as a… Read More ›
Millions of small U.S. firms set to tap $2.2 trillion Paycheck Protection Program on Friday
According to a senior official from the Trump Administration, millions of applicants are likely to tap its $350 billion small-business coronavirus rescue loan program when it launches on Friday. Officials from the U.S. Treasury and Small Business Administration, which are… Read More ›
All Foreign investments proposals in Australia comes under purview of Foreign Investment Review Board
In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›