Swiss Re reports $878 million loss driven by the pandemic effect

Swiss Re reports $878 million loss driven by the pandemic effect

By Anna Domanska - Feb 22, 2021

Swiss Re Group, the reinsurance company, reported a net loss of US $878 million for 2020. The company’s net income ros...

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Store Closures Cost European Retail Giant Primark $1.43 Billion in Sales

Store Closures Cost European Retail Giant Primark $1.43 Billion in Sales

By Anna Domanska - Jan 16, 2021

The European retail giant Primark said the COVID-19 had caused a loss of over $1.43 billion (£1.05 billion) in sales fr...

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Stock markets end 2020 on a high as the pandemic continues unabated

Stock markets end 2020 on a high as the pandemic continues unabated

By Christy Gren - Jan 04, 2021

The year has seen the longest bull market. Experts predict the upward swing of the stock market in the future. ...

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Pandemic has left insurers struggling to meet claims, says Swiss Re

Pandemic has left insurers struggling to meet claims, says Swiss Re

By Anna Domanska - Dec 01, 2020

Get upcoming financial news and updates here at the nation’s fastest-growing business magazine, Industry Leaders. ...

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Arcadia of UK faces imminent insolvency

Arcadia of UK faces imminent insolvency

By Anna Domanska - Nov 30, 2020

Arcadia, the London-based multinational retail empire, is preparing to call in administrators as it faces insolvency, pu...

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Insurance claims from entertainment industry up due to pandemic losses

Insurance claims from entertainment industry up due to pandemic losses

By Christy Gren - Oct 07, 2020

Theater shutdowns and postponement of major releases have added to the woes of the entertainment industry brought to a h...

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Shell announces 9000 job cuts as business dips

Shell announces 9000 job cuts as business dips

By Christy Gren - Oct 01, 2020

The layoffs will be done in a phased manner in the coming two years and will include about 1,500 people agreeing to reti...

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The Seafarer Crisis: More than 300,000 workers stranded at sea

The Seafarer Crisis: More than 300,000 workers stranded at sea

By Christy Gren - Sep 21, 2020

The pandemic has triggered many crises, especially in tourism, travel, retail and the restaurant businesses, which have ...

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UK Retail Sees an Upswing but Economists Warn of a Downturn

UK Retail Sees an Upswing but Economists Warn of a Downturn

By Anna Domanska - Sep 20, 2020

The United Kingdom retail sales have shown a rebound for the fourth month straight, but economists are a little skeptica...

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