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 ›
businesses
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 ›
Federal Reserve rolls out third emergency credit program to ease liquidity in money markets
On Wednesday night, the U.S. Federal Reserve rolled out its third emergency credit program in two days and announced that it would loan money to banks that offer as collateral assets purchased from money market mutual funds. The new loan… Read More ›
Singapore unveils $4.5 billion economic package to weather coronavirus impact on economy
In order to safeguard and weather the impact of China’s coronavirus from ravaging Singapore’s economy and help contain the outbreak in the country, Singapore announced financial packages worth around $4.5 billion on Tuesday. While delivering the budget speech, Singapore’s Finance… Read More ›
UK companies have to spell out financial impact of coronavirus in annual reports: Britain’s financial watchdog
On Tuesday, Britain’s accounting watchdog stated, companies should disclose the financial impact that China’s coronavirus will have on their businesses, if any. Annual reports for 2019 are due and companies are required by law to disclose the main risks and… Read More ›
Britain to enact law to safeguard assets of national security
The British government is set to table a bill which will enable it to intervene in mergers and acquisitions that threaten national security; intervention measures will include blocking the purchase of assets, including those related to intellectual property, as well… Read More ›
Complicated migration policy post-Brexit will lead to shortage of skilled workers
On Thursday, a leading employer’s group stated, Britain’s plans to introduce a new system for immigration after Brexit is likely to lead to be complicated and cause a shortage of skilled workers. According to the results of a survey, more… Read More ›
