Zara’s owner, Inditex, a fashion retailer, has reported quarterly profits in the three months from May to July even as Wuhan corona virus-wary consumers stayed away from city center shopping districts; sales however were down by 31%, compared to the… Read More ›
According to a monthly gauge of housing prices in the UK from the Royal Institution of Chartered Surveyors (RICS), Britain witnessed a post-lockdown surge in the housing market in August, with house prices hitting their four-year high Tired of coronavirus-induced… Read More ›
In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
On Monday, in August with more countries relaxing coronavirus lockdowns, exports from China have risen for the third consecutive month by 9.5% from a year earlier, according to customs data, marking the strongest gain since March 2019. China’s imports have… Read More ›
In a statement, the U.S. Transportation Department said, it plans to restore the ability of Indian air carriers to conduct ground handling operations at U.S. airports. The quid-pro-quo moves comes in the wake of India allowing U.S. air carriers to… Read More ›
On Wednesday, shares of Australia’s Afterpay Ltd as well as its smaller consumer lenders tumbled for a second day following the entry of U.S. giant PayPal into the buy-now-pay-later sector which sent investors scrambling to re-price its stocks. Shares of… Read More ›
On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
In a statement, German airline Lufthansa stated, it has formulated an agreement with pilots over a package of short-term measures which will reduce it cash burn and losses induced by the Wuhan Coronavirus pandemic. As per the agreement, in return… Read More ›
In a significant development, Britain stated it would bring about legally binding targets on air quality, biodiversity, waste reduction, and cleaner water as part of efforts to combat climate change, rebuild the economy and improve the environment. These green targets… Read More ›
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