According to data from energy analysts at Rystad, a string of delays to investments by energy companies because of the companies trying to adjust to the continued drop in crude oil prices will result in a drop of 6 per cent in global oil supplies compared to what is expected by 2030.   In...

According to the Wall Street Journal, which analyzed the data of the Federal Deposit Insurance Corporation (FDIC), deposits in US banks for the first quarter grew by $ 1 trillion in total, which is record quarterly dynamics. More than half of the new deposits ($ 590 billion) were attracted by the...

The coronavirus related lock down and stay at home orders have propelled the demand for products online which was cited by Target Corp to be the reason for the company being able to cushion some of the hit that it has taken because of coronavirus lockdowns to in-store sales during the quarter ended...

Offshore oil companies have begun shutting down wells in the U.S. Gulf of Mexico following a collapse in oil prices, and some top executives in the sector fear that a full recovery could take years, The Wall Street Journal writes. The unprecedented drop in energy demand as a result of the COVID-19...

In February, Sycamore Partners agreed to buy a controlling stake in Victoria’s Secret for $ 525 million. However, now the fashion brand closed all American stores because of the coronavirus, and Sycamore decided to abandon the deal. The company has to terminate the agreement through the court....

The coronavirus pandemic across the world has changed the manner in which the global beauty industry, which is worth $500 billion, is marketing its products to a clientele that is currently hidden behind masks or stuck at home under government orders aimed at preventing the spread of the virus...

US clothing retailers are trying to get rid of unsold goods, including spring collections, for tens of billions of dollars, writes The Wall Street Journal. Retailers offer significant discounts on their websites, but consumers are in no hurry to buy, the publication notes. Off-price chains such...

Billionaire Richard Branson ($ 4.4 billion of wealth according to Forbes Real-Time) said his personal funds and Virgin Group's funds would not be enough to save Virgin Airlines in the UK and Australia in the crisis caused by the coronavirus pandemic. State support will be required to save Virgin...

Binance cryptocurrency exchange reported a record quarterly burning of BNB tokens. According to the release, the exchange explained this burning with increased traffic, as well as the increased interest of users in digital money. In this quarterly burning of tokens, 3,373,988 BNBs were destroyed;...