Weak US job report results in volatile market
A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers
Swiss Re reports $878 million loss driven by the pandemic effect
Swiss Re Group, the reinsurance company, reported a net loss of US $878 million for 2020. The company’s net income rose to $2.2 billion from $727 million in 2019, but that is exc
Pharmaceutical Supply Chain Disruptions Due To the Pandemic
The Covid-19 pandemic is both a public health crisis and an economic disrupter too. Since the World Health Organisation declared the virus a pandemic, many countries went into lock
Nearly 20,000 Amazon workers contracted coronavirus in its facilities
The online retail giant Amazon Thursday said 19,816 of its front-line US employees working at Amazon and its Whole Foods retail chains had tested positive or presumed positive for
Covid-19 turns Malaysia's Glove Makers into Billionaires
Owner of Risverstone Holdings is now a billionaire with his share prices going up, keeping up with the increasing demand in protective gloves across the world.
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.
Nissan to brave $4.5 billion annual net loss as pandemic hits restructuring plans
Nissan Motor Co. is struggling with slumping new car sales amid the novel coronavirus pandemic. The Japanese automaker announced on Tuesday it expects to make an annual operating l
Pandemic of Plastic in Corona Times
The Covid-19 pandemic has had an impact on the way we live in myriad ways. The lockdown, shelter in place and a cut down on travel has led to a dramatic fall in pollution levels, b
Nike reports $790 million sales drop for latest quarter
Nike, the leading footwear and athletic wear brand, reported a pandemic related sales drop of $790 million in its fourth-quarter fiscal report. In an investors’ call, executi
