Warner Music Set to Launch $1.8 Billion IPO
Warner Music Group is set to launch its Initial Public Offering (IPO), aiming to rake in highs of $1.8 billion from the sale of 70 million Class A shares. Seen [...]
Japan to Unveil Another $1 Trillion Stimulus Package
The world's third-largest economy, Japan, is set to unveil a second $1 trillion coronavirus economic stimulus package, a move that seeks to keep businesses and households afloat amid the global [...]Floating Power Plants; Reshaping of Mobile Power Generation
Floating power plants are taking shape all over the world, allowing innovations for mobile power generation. Companies such as Siemens, Karpower in Turkey, and ROSATOM in Russia have already launched [...]IMF Urges Banks Worldwide to Halt Dividend Payouts
The International Monetary Fund(IMF) is pushing banks around the globe to withhold payment of dividends to shareholders and instead use the cash to build their capital and liquidity positions. In [...]
LATAM Airlines Files for Bankruptcy Protection
The largest airline in Latin America, LATAM Airlines Group has filed for Chapter 11 bankruptcy protection due to economic problems attributed to the COVID-19 pandemic. The filing includes all its [...]Car Rental Company, Hertz, Files for Bankruptcy Protection
American car rental giant, Hertz, has filed for bankruptcy protection, citing a sharp decline in revenue and future bookings as a result of the global COVID-19 pandemic. This comes after [...]Italy to Reopen Borders on 3rd June
Italy has announced plans to reopen its borders to people arriving from the European Union (EU) member countries, countries within the Schengen Zone, as well as the United Kingdom (UK) [...]China Ditches GDP Targets Due to the Pandemic
China has abandoned its practice of setting GDP targets due to uncertainty brought by the COVID19 pandemic. Chinese Premier Li Keqiang gave the remarks on Friday in China's annual parliamentary [...]Alibaba Stock Dips After Slow Growth Projections
Chinese E-commerce giant Alibaba's stock dipped 4% in today's trading at the Hong Kong Exchange after the company projected slower revenue growth. Alibaba forecasted 2020 sales will grow by 27.5% [...]IBM Announces Massive Layoffs
IBM plans to lay off an unspecified number of employees across the United States. The states include California, Missouri, New York, North Carolina, and Pennsylvania. According to the Corporation, the [...]Singapore Airlines Posts First Loss in its 48 Year History
Singapore Airlines (SIA) has posted a $149 million full-year net loss, its first annual loss in 48-years of existence and a shift from the $480 million profit recorded in the [...]Victoria's Secret Closes 250 Stores in the US Canada
Victoria's Secret has announced plans to permanently close 250 stores in the United States and Canada in 2020. The move comes as more firms across the world continue to record [...]
