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Whitbread to lay off 6,000 employees amid declining hotel demand
British multinational hotel and restaurant giant Whitbread plc has reportedly warned over 6,000 of its employees that they may lose their jobs in the coming months. As per the credible sources, the company blames the imposition of lockdown amidst the COVID-19 pandemic, which has caused reducti... Read More
South Korea’s IBK launches an AI-based review system for real estate
IBK (Industrial Bank of Korea), a renowned Korean industrial bank, has reportedly launched its new AI-based real estate review system known as ‘AI Real Estate Automatic Review System’. This would be the first such review system launched in South Korea. The bank unveiled the system on 22n... Read More
Pandora’s Shares Rises to 64% - Tops World's Best-Performing Market
Shares of Pandora, a Danish jewelry maker and retailer have jumped to 64% this year, leading the OMX Copenhagen 20 and 25, which heads country indexes worldwide during this time. The advance derives as short interest in the stock, which was the most aimed in the Stoxx 600 Personal & Household... Read More
President Trump questions ByteDance's move to retain majority stake
The American President Donald Trump has reportedly raised questions about plans by ByteDance Limited to keep most of the stakes in US operations of popular short video platform TikTok after six Republican senators requested him to reject the deal. Mr. President said that he would be informed on T... Read More
Chinese tech giant Tencent to open its new regional hub in Singapore
Tencent Holdings, the renowned Chinese technology conglomerate, has reportedly announced that it has selected Singapore as its new regional hub as well as beachhead for the Asian market. Through this, the company has joined its rivals, ByteDance Ltd., and Alibaba Group Holding Ltd., as they look to ... Read More
$100 Mn Raised to Help Melbourne Recover from the COVID-19 Pandemic
Daniel Andrews, Premier of Victoria announced that the City of Melbourne and the state government will jointly raise a $100 million city recovery fund to help the arts and cultural communities and small and medium-sized businesses recover from the COVID-19 pandemic effect. This summer, the restau... Read More
Pfizer plans to distribute COVID-19 vaccine in the U.S. by late 2020
The race to develop a safe and effective coronavirus vaccine has urged numerous pharmaceutical companies in the U.S. to up their research efforts. Recently, Albert Bourla, CEO of U.S. pharma giant, Pfizer, said that their company’s coronavirus vaccine, if found to be safe, could be distributed... Read More
UK housing industry at its four year high according to estate agents
Stamp duty cuts and an upsurge in the demand for homes having gardens during the pandemic, has reportedly fueled the housing industry to its highest in the past four years, as per the estate agents and surveyors. Over 44% members of RICS’ (Royal Institute of Chartered Surveyors) have regist... Read More
Slack Shares Fall By 20% - Firm Announces Fiscal 2nd Quarter Results
Slack shares plunged by approximately 20% in the extended trading on Tuesday after the firm reported the results for the fiscal second-quarter and full-year guidance that surpassed analysts’ expectations. Though the communication software company beat on full-year guidance, the quarter’s... Read More
Woolworths reshuffles its senior management team, introduces new roles
Woolworths has reportedly announced that it has shuffled its senior management team, rolling out numerous new roles that play a crucial role in highlighting the escalating significance of the company’s non-supermarket businesses. The retailer has transferred Natalie Davis, its present Head ... Read More