According to the results of a survey by KPMG, most major global companies have cut back on their earlier plans to reduce their use of office space following the coronavirus-induced COVID019 pandemic, despite few businesses expecting to return to normal… Read More ›
On Thursday, in a statement Australia’s Westpac Banking Corp said, it has decided to sell its lenders mortgage insurance (LMI) business to Arch Capital Group; the deal sees Arch Westpac becoming an exclusive LMI supplier for the next decade. The… Read More ›
In a statement Apple Inc said, Wistron Corp, one of its suppliers, will restart its operations at its southern Indian factory, which was shutdown late last year. Apple uses Wistron to assemble its second-generation iPhone SEs in the plant; it… Read More ›
In a statement on Friday, China’s foreign ministry said, it is “firmly opposed” to Britain’s decision to revoke the license for its state media CGTN to operate within the country. The development comes in the wake of the UK’s communications… Read More ›
In a statement on Tuesday, Ford Motor Co stated, it will invest $1.05 billion in its South African manufacturing operations, which includes upgrades, to expand the production of its Ranger pickup truck. The amount includes $683 million for technology upgrades… Read More ›
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
On Wednesday, in a statement French tire maker Michelin stated it plans on reducing its workforce by up to 2,300 jobs over the a period of three years as part of a restructuring process that is aimed at simplifying and… Read More ›
On Wednesday, the Russian subsidiary of Honda Motor Co said it would stop supplying new cars to official dealers in Russia in 2022. The move is part of the company’s efforts to restructure its operations. Honda has clarified that it… Read More ›
In a statement Amazon.com Inc said, it has decided to spend more than $500 million as a one-time bonus for its front-line employees in the United States who are working through the holiday season midst the coronavirus-induced COVID-19 pandemic. Full-time… Read More ›
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