The constant lowering of global oil prices over the last few years, which has been compounded by a slump in demand for oil and gas because of the novel coronavirus pandemic is has forced the Anglo-Dutch company, Royal Dutch Shell, to write down the value of its assets by as much as $22 billion. These…
A new study that was conducted for more than a year has predicted that unless there is urgent government intervention to prevent he loss of habitat of the Australian koalas, these lovable animals will become extinct before 2050 in New South Wales (NSW), Australia. An estimate of the government that there are 36,000 koalas in…
With a growing list of corporate advertisers agreeing to join the #StopHateForProfit campaign aimed at pressurizing Facebook to take stringent measures to stop the spread of hate, the largest social media company of the world is facing an advertising boycott that is has never experienced in its recent history. Some of biggest advertisers on Facebook,…
All paid advertisements on all social media platform globally will be stopped for at least 30 days by Coca-Cola, the company has announced. In its statement however the company confirmed that it would not be joining the official advertisement boycott campaign of social media platforms by companies, but said “we are pausing” advertising. After the…
While many with money would want to shift and move to stay in New Zealand, the current novel coornavirus pandemic and strict rules about who can buy property there currently prevents most from settling in the country. However, if one has $11.6m in their pockets and is willing to become the sheriff of a wild…
Virgin Australia, the airline that went into administration about two month ago, now has a new owner. The United States private equity firm Bain Capital has been selected by the administrators to take over the carrier. The administrators however did not disclose any details of the deal. Another bidder for the collapsed airlines was Cyrus…
Alphabet’s Google has agreed to pay more for high-quality content to some media groups in Australia, Brazil and Germany and expects that it will strike more deals, in a move that is being seen as a step forward at resolving the issue that the tech giant has with publishers. The company has however said that…
A couple of days after the arrest of its ousted CEO, the payments giant Wirecard collapsed on Thursday with a debt to creditors worth almost $4 billion. The company had disclosed earlier this month a shortfall in its books which, according to its auditor EY, was the outcome of a sophisticated global fraud. Filing for…
A law suit launched against Renault and Nissan has alleged that up to about 1.4 million vehicles of the companies that had been sold in Britain were potentially equipped with illegal defeat devices. The listed vehicle models as mentioned in the law suit includes a petrol-powered version of Nissan Qashqai which is one of the…
The Italian government has confirmed a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler’s Italian business unit by approving a decree offering the government’s guarantees for the loan, said reports quoting source information. That has now ensured the path for the largest novel coronavirus pandemic related loan to any European car making company. The decree…
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