, Venezuela oil industry facing near collapse, inventories go up by 84%
Venezuela is facing an economic and humanitarian crisis with its main industry–oil production facing sanctions and falling prices.
, Logitech declares 75% jump in sales in Q2 results
Logitech announced better than expected Q2 results riding on increased sales of peripherals due to people refitting for work from home in the new pandemic driven reality.
, Rising Sea levels Investment Risks for Municipal Bonds, says Moody Report
Rising sea levels are a credit risk for investors in coastal states’ infrastructure and municipal bonds.
, Deep recession will lead to uneven recovery in next two years, says IMF
According to the International Monetary Fund, the countries that rely more contact-intensive services and oil exporters should expect weaker recoveries compared to manufacturing-led economies. China is the only country that will remain unaffected due to the Pandemic-related income losses.
, Failure to agree on global digital tax reforms could cost $100 billion, OECD warns
The Organization for Economic Cooperation and Development (OECD) has proposed to rewrite international tax rules which could shed more than 1% of output and trigger a trade war. The proposed global tax overhaul would make digital companies pay their fair share of tax in countries where they do business, rather than where they register subsidiaries. This could boost national income tax revenues by a total of $50 to $100 billion a year, the OECD estimates.
, Pandemic Erases Abenomics’ Job Gains, Japan witnesses shrinking job market
The low rate of unemployment may be a mirage as analysts say it may likely be reaching 5% soon as government subsidies end in December.
, Tokyo Stocks Plunge but Experts Remain Market Positive
Shinzo Abe’s resignation has thrown Tokyo stocks into chaos, with speculations about his successor in these times of crisis
, Mali Military Coup Tumbles World Gold Mine Shares
Mali is one of the largest producers of gold in Africa and investors fear the military coup will upset production, though all mining companies there are not worried and continuing operations as usual.
, Norway’s sovereign fund lost $21 billion in first half
Norway’s pension fund – the largest sovereign wealth fund in the world – lost $21 billion in the first half of the year due to “major fluctuations” in equity markets.
, Coal dependence for energy being replaced by wind, solar energy
The world is slowly reducing its coal dependence for electricity generations and turning to renewables like solar and wind.
, Beer Sales See a Downturn in the Pandemic
Beer sales hit a record low as extended lockdown keeps people from visiting taprooms, bars, and restaurants.
, Uber earns magnum profits in delivery business; losses in ride sharing
Uber revenue fell by 29% as the ride-sharing company’s gross mobility bookings reduced to 73% year-on-year due to the pandemic.
, COVID-19 Effect: Healthcare Service Provider Market to See Massive Growth
The Global Home Health Care Providers Market has witnessed continuous growth in the past few years and is projected to grow even further during …
, US Chapter 11 Bankruptcies See a Surge during Corona Crisis
The COVID-19 pandemic has disrupted many businesses leaving them in financial shambles and forcing others to opt for bankruptcy protection – under Chapter 11 …
, Fed Chief: American Jobs in Peril, Millions Won’t Return To Work
Federal Reserve officials predict that millions of Americans who have lost their jobs due to the Coronavirus Pandemic may never get them back. “Unemployment …
, Apple May Reach $2 Trillion Valuation in 4 Years, Says Analyst
Apple, the Cupertino based tech company, could reach a valuation of $2 trillion in the coming four years, according to a research analyst at …
, Emerging Trends in Auto Industry Post Pandemic
The outbreak of the Novel Coronavirus (COVID-19) is having a major impact on all business and manufacturing, including the automotive industry. Following the lockdown …
, Industries Weathering the Corona Storm
The coronavirus pandemic has brought large swaths of the world economy to a halt. The International Monetary Fund, or IMF, recently predicted the epidemic …
, Online Shopping Adapts As Pandemic Upends Retail Trends
The coronavirus has forced lockdowns, and shelter-in-place orders have been enforced in almost all parts of the world. With people restricted to home territory …
, Oil Prices Will See A Recovery by 2021, Predict Industry Experts
The coronavirus pandemic has deepened the oil crisis, which was facing problems with an abundance of supply and a disagreement over capping of supply …
, Trending Stocks : H&M Finds Love on Wall Street | H&M Stock
Hennes & Mauritz, or H&M as it is popularly known, is facing a market crunch in share prices, much as others in the retail …
