Friday, October 23, 2020

Business

Chinese Gigafactory of Tesla to play a significant role in its global template

Tesla has started manufacturing vehicles in China around a year ago to boost its appearance in the biggest auto market in the world. At this time, the nation is nearly to become an even more serious part of its...

UK fashion group to experience 24,000 job losses amid COVID-19

Edinburgh Woollen Mill’s owner, the popular Scottish brand that manufactures cashmere sweaters and Harris Tweed, has shown a threat of a significant number of job reductions because the brand tries to save the business from downfall. Edinburgh Woollen Mill, owned...

Stocks slip amid Trump’s positive Coronavirus test

Previous jobs report before the election was considered to be one of the significant market-moving news on Friday. But President Donald Trump's shocking declaration that he and Melania Trump, the First Lady, have tested positive for Coronavirus altered the...

JPMorgan Chase to give 920 million USD to fix trading misconduct allegations

On Tuesday, JPMorgan Chase, an American multinational investment bank, approved to pay a record 920 million USD to fix charges that it engaged in manipulative trades for the upcoming days that linked to Treasury bonds and precious metals. JPMorgan Chase,...

Trevor Milton resigned as chairman in conflict with short seller

Trevor Milton (Nikola founder) has slipped as an executive chairman when a short seller alleged Trevor Milton and the electric and hydrogen truck startup of misleading investors and overstating the worth of a business agreement. Nikola founder Trevor Milton has...

Citibank mistakenly sent a hedge fund of 175 million dollars

Citibank is facing a significant problem because it wrongly sent 175 million dollars to Brigade Capital Management, and the hedge fund didn't give back the amount. On Monday, the American banking giant submitted a lawsuit in New York's Southern District,...

Japan faces the adverse GDP contraction but still better than other

Due to ongoing pandemic COVID-19, Japan just declared its poorest fall in GDP (Gross Domestic Product). On Monday, the Cabinet of the country described that the third biggest economy of the world decreased to 7.8 percent in the 2nd...

Gold prices touching all-time peak level because of anxious investors

On Wednesday, gold prices are still surging their scintillating, now rallying again to reach another high level of more than 1,950 dollars per ounce. A novel height of prices above 2,000 dollars looks unavoidable, and manufacturers can thank incentive from...

Qantas airline to cut 20% of its employees and growing 1.3 billion dollars amid COVID-19

Qantas, the world’s third oldest airline, is losing 6,000 of its employees and operating to boost up to 1.3 billion USD (1.9 billion Australian dollars) as flights are facing severe situations to pass through the pandemic Coronavirus. Qantas is cutting...

No one got fired when Volkswagen created a racist ad

On Thursday, Volkswagen, a German automaker, blamed the 'absence of procedural faults and lack of sensitivity' for its failure to avert the publication and creation of footage based on racist content but opposed calls to fire those in charge. Last...

Latest News

Barack Obama slammed Trump ahead of the final debate

In a speech, Barack Obama (former President of the United States) slammed President Trump before the crucial Tuesday’s debate,...

Chinese Gigafactory of Tesla to play a significant role in its global template

Tesla has started manufacturing vehicles in China around a year ago to boost its appearance in the biggest auto market in the world. At...

James Redford, Robert Redford’s son, died at the age of 58

On Tuesday, James Redford (a filmmaker, an activist, and philanthropist) has passed away, a representative for his father, director, and actor Robert Redford confirmed...

Michael Steele, former Republican National Committee chairman endorses Biden for President

Michael Steele, the person who became the first Black chairman of the RNC (Republican National Committee) around a decade ago, has endorsed Joe Biden...

The iPhone12 Mini holds a 21% tinier battery than the iPhone 12 

Apple, one of the dominant tech giants, described that there wasn't any difference between the iPhone 12 mini and the iPhone 12, excluding their...