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Temu and Shein's Search Ad Dominance Reshaping Retail Marketing Strategies 11/27/2024

The Redemption Dilemma: Chinese Startups Face Financial Turmoil Amid Economic Shifts 11/25/2024

Navigating COP29: A Mixed Bag of Climate Finance, Carbon Markets, and Fossil Fuel Divides 11/25/2024

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Donald Trump Warns India Of ‘Retaliation’ Over Hydroxychloroquine Export Ban By India

The rampant spread of the deadly coronavirus in the United States has forced US president Donald Trump last week to urge the Indian government to allow the export of Hydroxychloroquine tablets to America in order to treat patients infected with the virus as well as to try and keep doctors and other...

Walmart-Owned Indian E-Commerce Giant Flipkart Assures No Job Loss Or Salary Cuts

Walmart-owned largest e-commerce company of India Flipkart has assured that it will now slash salaries of employees and will honour the job offers extended even in the face of business disruption because of the coronavirus pandemic spreading across the country. More than 8,000 employees of...

Fitch downgrades Mexican Pemex rating to BB with negative outlook

Fitch Ratings downgraded the credit rating of Pemex, a Mexican oil corporation, from BB + to BB, explaining this by a deterioration in its credit profile amid a recession in the global oil and gas industry. “Fitch Ratings downgraded the long-term issuer default ratings of Petroleos Mexicanos...

Emirates resumes flights on April 6

Emirates Airlines received a personal permission from the UAE authorities to resume flights from next week. This was announced by the chairman of the company, Sheikh Ahmed bin Saeed Al Maktoum. The country's largest air carrier ceased to operate passenger flights on March 25, after authorities...

WSJ: Trump's company is losing $1M daily

The lost revenue of the company of the President of the United States Trump Organization due to the coronavirus pandemic exceeds $ 1 million per day, writes The Wall Street Journal, citing industry data and information from sources. According to the newspaper, the company receives most of its...

Restaurants Hit By Virus Pandemic To Be Supported By Delivery Hero

Restaurants in countries that have been hit by the coronavirus pandemic will be supported by Delivery Hero, one of the top online food delivery marketplaces of the world, by ramping up deliveries to consumers who have been forced to stay at home because of the pandemic, the company said on...

Huawei increases purchases of US technology despite sanctions

Last year, China's Huawei Technologies increased spending on US technology by 70%, despite being blacklisted in the United States. This was announced by the current chairman of the company Eric Xu in an interview with the Financial Times. According to him, in 2019 the company spent $ 18.7 billion...

WSJ: Saudi Arabia can't find buyers for its oil

Within the price war with Russia, Saudi Arabia increased oil production to a peak of 12 million barrels per day. However, the kingdom cannot find buyers of raw materials as demand keeps falling, and tankers full of oil are forced to leave ports without a destination. Saudi Arabia began to increase...

Xerox refuses intention to buy HP

The American corporation Xerox abandoned the idea of acquiring HP amid the economic consequences of the coronavirus pandemic, CNBC reported with reference to the statement of the corporation. "The current global health crisis and the ensuing macroeconomic and market turmoil caused by COVID-19 have...

Marriott data leak exposes over 5M clients

Marriott International, the hotel chain’s managing company of the same name, reported a leak of data of about 5.2 million customers. Access to the information of guests was possible through the application, which is used by the hotel chain to provide services to guests. The leak could have happened...