Lebanon will be defaulting on its debt for the first time, confirmed the country’s Prime Minister Hassan Diab on Saturday. The country will not be able to serve a $1.2 billion or €1.35 billion Eurobond which is due to mature on Monday, said Diab during a televised address. This announcement was made after a high…
An urge for an aid of $2 billion to support the efforts to develop a vaccine for the novel, fast spreading and deadly coronavirus that is the cause of the deadly COVID-19 infections around the world was given on Friday by a global coalition set up to fight epidemic diseases. The Coalition for Epidemic Preparedness…
In order to prevent the spread of coronavirus, the use of reusable cups has been temporarily banned by Starbucks at branches in the United Kingdom. A discount of 25pence would still be available for consumers who bring in reusable cups with them, but the coffee chain would only give out its coffee in paper cups,…
According to reports citing an internal message sent by Amazon, one of the e-commerce company’s employee in Seattle was found to have tested positive for the coronavirus infection. According to a message sent by the Amazon Human Resources that was sent to most Amazon employees in the area and one that has been reportedly seen…
Cathay Pacific Airways has been fined £500,000 for not taking enough measures to protect personal data of its customers. This fine was imposed on the airlines by the Information Commissioner’s Office (ICO) of the United Kingdom. Personal details of 111,578 residents of the UK as well as personal data of 9.4 million people from other…
The one time iconic American motorbike brand Harley-Davidson Inc has been struggling to find an appropriate strategy to woo young customers and revive sales in the United States and elsewhere. On Friday, the company selected a new interim chief executive of the company – the choice was a board member of the company credited with…
Unscrupulous business have been trying to take financial advantage of the global outbreak of the coronavirus by trying to sell products that they claim can protect people against the virus while some going to the extent of claiming that certain products can even cure it. So far no vaccine or workable drug for the ailments…
Facebook has said that ahead of the presidential elections in the United States, its users will be able to track political sponsored content on Facebook and Instagram. This move was announced by the company after it was revealed that the campaign team of Michael Bloomberg, a US Democratic presidential candidate, had begun to pay popular…
The shares of the alternative meat startup Beyond Meat Inc slumped by 10 per cent after the company reported that higher costs had caused its quarterly earnings to miss estimates. The company also announced that its Executive Chairman Seth Goldman would give up his executive status but will continue to remain a member of the…
Another major company expecting to take a hit because of the coronavirus outbreak across the world is Drugmaker Mylan NV. The company said that it expects the outbreak to impact its financial results while also warning of shortages of drugs in the eventuality that the epidemic continues to spread. This brought down the shares of…
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