Luxury car sales witness a boom during Corona times as bored rich and famous splurge

Luxury car sales witness a boom during Corona times as bored rich and famous splurge

By Anna Domanska - Apr 03, 2021

The automobile industry witnessed a downturn during the Pandemic, with most of the world in a lockdown and people avoiding big purchases. But one segment of the sector seems to hav

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Employee engagement in the last leg of the pandemic and beyond

Employee engagement in the last leg of the pandemic and beyond

By Lucinda Carney - Mar 01, 2021

The pandemic has forcibly separated teams, resulting in many employees forced to work remotely which has led them to feel isolated and disconnected. Although the news of the nation

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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 rose to $2.2 billion from $727 million in 2019, but that is exc

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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 from store closures. The fast-fashion retailer is planning to

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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, putting more than 13,000 jobs at risk and hundreds of shops on

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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 halt due to the pandemic. The entertainment business has been

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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 retire voluntarily.

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