Midterm Elections Hand Former Rising Stars Last-Chance Losses

Losses for well-known candidates cast doubt on the viability of some politicians who were formerly regarded as the future of their party.

Midterm election results are creating concerns about the long-term influence and political destiny of a few well-known people.

Both parties...

SINGAPORE AIRLINES RETRENCHMENT EXERCISE BEGINS, STARTS WITH LAYING-OFF 4300 PEOPLE

HIGHLIGHTS

• Singapore Airlines (SIA) Group declared jobs cut as an outcome of COVID-19 hampering the aviation industry.  

It will cut around 4,300 jobs over its three aircraft, in any case, the affected number might narrow down to 2,40...

WELLS FARGO & CO. TO RESUME LAYOFFS AS PART OF THEIR COST CUTTING INITIATIVE

Highlights –

• Wells Fargo & Co. to resume layoffs as part of their cost cutting initiative.
• The bank had initially paused its layoffs in March due to the pandemic.
• The bank also plans to close several of its branches.
• Th...

CHINA STOCK MARKET SLUMPED

Highlights:

• China Stock market has slumped for the last two consecutive sessions with a loss of more than 80 points which are equivalent to 2.4 percent along the way.
• The Shanghai Composite Index (SCI) now rests just above the 3,360-point plateau.

STARBUCKS LOST UP TO $2.2 MILLION IN OPERATING INCOME; $3 BILLION PLUS LIKELY Q3 LOSES

Highlights:

• 95% of the American Starbucks stores were working during the pandemic
• The operations were primarily pickups and drive-through

The Seattle based global coffee house chain Starbucks was shuttered partially during the pandemic. Though the br...

HONG KONG AVIATION SECTOR OUTDONE BY MOUNTING SNAGS

• The coronavirus has enforced many major setbacks to the economy and one of the worst hit is the aviation sector
• Hong Kong Aviation sector is one right upfront

Coronavirus pandemic has brought about in its wake many disasters including crumbling of economy and ...

ILL EFFECTS OF LOCKDOWN: FRUIT FARMERS WILL SUFFER LOSSES WORTH RS 7,000 CRORE

Nationwide lockdown due to coronavirus pandemic has caused freight and logistic industry to stand still, as result of this fruits cultivating farmers in India may suffer losses worth $1 billion or Rs 7,000 crore. 
The current season is extremely important for fruit growing farmers in ...

NSE expected to rise in the last month

Amid the global economic slowdown, the nations have been suffering great losses with the added difficulties from the trade war between the United States and China and also the Brexit issue of the European Union. Indian economy and markets are not oblivious to these global conditions.

Th...