With the coronavirus-induced COVID-19 pandemic bring the global travel to a stop, British engineering company Rolls-Royce downgraded its yearly cash outflow forecast underscoring the challenges it faces in its financial outlook even as the air travel continues to be disrupted… Read More ›
On Tuesday, Beyond Meat Inc launched a plant-based minced pork in China. The Los Angeles-based producer of plant-based alternative meat substitute is seeking to tap growing demand for its products in the lucrative Chinese market. In a statement Beyond Meat said,… Read More ›
Late on Monday, Hyatt Hotels Corp stated, as it restructures roles within its global operations, it would be laying off around 1,300 employees. The development comes midst a virtual halt in global travel as cities across the globe go into… Read More ›
Late on Wednesday, Smithfield Foods Inc, the world’s biggest pork processor said, it will restart its Sioux Falls, South Dakota plant from May 7. The plant has been idling for more than three weeks because of the coronavirus outbreak. Smithfield… Read More ›
For reviving the U.S. economy, investors are pinning their hopes for wider availability of testing for COVID-19 along with drug trials; until there is some concrete progress in these areas stock market gains are likely to be limited. The S&P… Read More ›
In a statement Starbucks Corp said, it would roll out its new plant-based lunch menu in China later this this week, and launch Beyond Meat Inc’s products in the country. Starbucks Corp, the world’s biggest coffee chain, has reopened the… Read More ›
According to a spokeswoman from casual clothing chain Uniqlo, the company plans on reopening two of its stores in Berlin sometime this week. With this Uniqlo has become the first company in Europe to resume business following a temporary closure… Read More ›
Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
Things are crawling back to normal in South Korea, with South Koreans once again thronging shopping malls, parks and even restaurants as Seoul relaxes social distancing rules midst continued downtrend in coronavirus cases. In recent weeks, a growing number of… Read More ›
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
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