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Category: News


News

Outbreak’s global economic cost may top $4 trillion

April 3, 2020

Via: ABC News

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. $4 TRILLION BILL FOR CRISIS? […]


News

Boeing expected to announce voluntary buyouts in message to all 161,000 employees

April 2, 2020

Via: Fortune

Boeing Co. offered voluntary buyouts to eligible employees, in a bid to quickly shed costs and adjust its work force of 161,000 to a coronavirus crisis that’s quickly undermined the outlook for aircraft sales. “When the world emerges from the […]


News

Huawei sees 2020 as most difficult and challenging year due to blacklisting by US

March 31, 2020

Via: TechRadar

Huawei Technologies rotating Chairman Eric Xu said that 2020 will be the most difficult and challenging year for the company despite reporting a 19.1% increase in revenues and a 5.6% in net profit in 2019. In a virtual press conference […]


News

US economy grew at 2.1% rate in fourth quarter

March 26, 2020

Via: ABC News

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact […]


News

Business activity plummets, but markets rally on Fed support

March 24, 2020

Via: ABC News

Europe’s economy could shrink by some 10% this year as efforts to contain the spread of the virus outbreak cause a collapse in commercial activity. Yet markets were up sharply on Monday – extending weeks of stunning volatility – as […]


News

Coronavirus hits China’s economy twice as financial contagion spreads across the globe

March 20, 2020

Via: CNBC

BEIJING — Chinese businesses are getting back to work just as many parts of the world are shutting down, and that could add a second jolt to the world’s second-largest economy. Mainland China has reported zero new domestically transmitted confirmed […]


News

Central banks deploy trillions to keep economy running

March 19, 2020

Via: ABC News

Airlines are warning they may need bailouts as the virus outbreak brings more countries into lockdown, while central banks are injecting trillions of dollars more into the financial system to grease the gears of the global economy. Business confidence is […]


Industries, News, Retail & Wholesale

Apple fined $1.2 billion by French antitrust regulators over anti-competitive supplier deals

March 16, 2020

Via: Fortune

Apple Inc. was fined a record 1.1 billion euros ($1.2 billion) by French antitrust regulators for anti-competitive agreements with suppliers that thwarted independent resellers. The French competition authority also fined two of Apple’s wholesalers — Tech Data and Ingram Micro […]


News

Tax deadline could be delayed past April 15 due to coronavirus

March 11, 2020

Via: Fortune

Americans might have a little longer to file their taxes, thanks to the COVID-19 coronavirus. The Trump administration is likely to extend the filing deadline for taxes in 2020 beyond April 15, the Wall Street Journal reported late Tuesday. The […]


Industries, News, Retail & Wholesale

Coronavirus price gouging: Face mask prices increased 166% on Amazon, report finds

March 11, 2020

Via: USA TODAY

The fast-spreading coronavirus has pushed up prices on hand sanitizer and surgical face masks by at least 50% on Amazon. Consumers are paying the price. According to a report by the U.S. Public Interest Research Group released Wednesday, the sky-high […]