MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
According to four sources with direct knowledge of the matter at hand, Japan’s banking regulator is conducting a survey on regional lenders to gauge how new curbs imposed earlier this year in January to help mitigate the effects of the… Read More ›
In a significant development, South Korea has unveiled a plan to build the world’s largest wind power plant by 2030 at a cost of $43.2 billion (48.5 trillion won) as part of broader efforts to foster an sustainable-friendly economic recovery… Read More ›
On Tuesday, Panasonic Corp raised its full-year operating profit forecast by more than 50% on the back of heightened demand for its batteries from pandemic-driven purchases of home appliances, sales of 5G equipment and Tesla Inc cars. The strong performance… Read More ›
Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
On Thursday, Venture Capital firm GGV stated, it raised $2.52 billion for its latest group of funds marking it as its largest fund raising so far. The development follows several successful initial public offerings of its portfolio companies, including Affirm… Read More ›
On Thursday, according to a report from the Times newspaper, a German proposal could see European governments allowing a ban on all UK residents from entering their respective countries along with cutting off all passenger transport links with Britain. The… Read More ›
On Tuesday, Logitech International said, it has raised its annual forecasts which saw a three-fold jump in quarterly adjusted operating income, driven by a pandemic-driven boost in demand for work-from-home products and gaming accessories. The development sees Logitech raise its… Read More ›
On Tuesday, Britain offered 4.6 billion pound support to businesses struggling with the third national lockdown, which was imposed this week to stem the new mutant wave of the coronavirus-induced COVID-19 cases that is sweeping across the U.K. In a… Read More ›
On Monday Scotland will enter another national lockdown which is likely to last until spring, reported The Times newspaper. In a statement Scottish government leader Nicola Sturgeon had said her cabinet is scheduled to meet on Monday to discuss potential… Read More ›
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