In a statement, British online fashion retailer ASOS Plc said, it has raised $304 million (247 million pounds) via a placement as it attempts to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic…. Read More ›
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›
Amazon.com Inc, the world’s biggest online retailer said it will stop competing with FedEx and UPS in the United States and will suspend a delivery service that aims to compete with these companies. Amazon’s delivery service business, Amazon Shipping, will… Read More ›
According to three OPEC+ sources, the group of oil producing nations known as OPEC+, which includes Saudi Arabia and Russia, may agree to a truce in the oil war and cut production at a meeting scheduled for Thursday, as long… Read More ›
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
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 ›
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 ›
On Friday, in a statement the World Travel and Tourism Council said, according to its estimated, China’s coronavirus which has gone pandemic is likely to place 50 million jobs in the global travel and tourism sector at risk; it foresees… Read More ›
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