The coronavirus pandemic could lead to a 60 per cent drop in global sales of personal luxury goods in the second quarter of the current year, predicted a new report from Bain & Company. Many countries across the world have imposed strict lockdowns, asked people to stay indoors as much as possible and closed down…
Another major investment in India’s biggest tech and telecom firm Jio was announced earlier this week. This is the third time in about three weeks that the company has attracted major investment after a huge investment in the company by the social media company Facebook. An investment of almost 114 billion rupees ($1.5 billion) will…
Even after the current spate of the novel coronavirus pandemic is over, there can be “no going back to business as usual”, the World Health Organization warned world leaders on Wednesday. Many countries are hoping to kickstart their economies that have been ravaged by extended lockdowns and closure of businesses to fend of the spread…
The worldwide restrictions on travel and businesses imposed by countries to prevent the spread of the novel coronavirus pandemic has hit the business of Uber hard, prompting the company to announce its plans for slash jobs of 3,700 full-time staff – which equates to about 14 per cent of the workforce of the company. His…
A drop in sale of its products in China could not stop Apple Inc to report growth in the first three months of the year as there was a surge in demand for its streaming services as more and more people remained confined to their homes because of the coronavirus lockdowns. Sal revenues of the…
According to analysis of data from Google, a large number of people in Brazil, Japan and Singapore in April stayed home amid the rising number of cases being reported from these countries while residents in the United States and Australia violated lockdown orders and flocked to parks and jobs with the flattening of infection rates…
According to reports, the top football clubs of the La Liga – the top domestic football arena of Spain, will begin testing their players for Covid-19, the disease caused by the coronavirus, in what is being described as the first step towards restarting the league in the country in June, The imposition of one of…
Pharmaceutical giant AstraZeneca said on Thursday that whether the company’s Covid-19 vaccine is effective or not will be known by the end of July. The development and distribution of the vaccine, which is currently being researched by the Jenner Institute and Oxford Vaccine Group, has been done by it in partnership with the Oxford University,…
A historic collapse in oil demand because of the coronavirus pandemic as well as oil prices hitting historic lows wiped out profits for the Royal Dutch Shell, forcing the company to slashed its dividend for the first time since World War I. The company will be cutting down its quarterly dividend to 16 cents per…
The United States administration has placed on its blacklist five foreign websites of the online retail giant Amazon. The list, which is called a “notorious markets” register, saw the entry of the e-commerce platforms of Amazon in the United Kingdom, Germany, France, India and Canada. The sale of counterfeit and pirated products have been facilitated…
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