The capital of Lebanon, Beirut encountered a huge explosion on Tuesday, which took dozens of lives and injured thousands of Lebanese from across the city. This reportedly overwhelmed hospitals, as they are still battling with the coronavirus outbreak. Rushed to medical facilities are those wounded by shattered glass, and others […]
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HSBC Reports 65 Percent Dive in Net Profits Amid Pandemic, Geopolitical Tensions
HSBC’s first half of the year is not looking good amidst the continuous blow of the pandemic to various sectors, including banks. This could potentially “accelerate” the overhaul plans of the company, which was announced before the pandemic. Down by more than half HSBC reported a year-after-year dive of 65 […]
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7-Eleven’s Company Buys Gas Station Speedway
The parent company of 7-Eleven is on the process of acquiring gas station and retail store chain Speedway for $21 billion, via an announcement on Sunday. 7-Eleven plus Speedway Seven & i Holdings company and petroleum refining company Marathon Petroleum Corporation both revealed the all-cash purchase after the deal was […]
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Large EU Banks Are Reserving Billions More as Pandemic Continue
Three of the largest banks in Europe are now setting aside billions more to prepare for a global recession that is hurting economies from different parts of the world. Readying for a storm On an earnings call posted Wednesday, it was reported that the firms namely Banco Santander, Barclays, and […]
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Apple Begins Making iPhone 11 Units In India
In its efforts to move away from China, Apple has begun moving its plants to India. Through its partner Foxconn, Apple has started to assemble the iPhone 11 in a plant in Chenna. A source from Apple said that the company wants to ramp up local production in the country. […]
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Taiwan’s Economy is Expected to Increase
Taiwan’s economy is in good shape as they have managed to curb the virus, according to a research institution. Plus, it is expected to even improve further. Positive economy The Chung-Hua Institution for Economic Research projected a growth of 1.77 percent increase in Taiwan’s economy for 2020. They have increased […]
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Proposed Rebranding of China Airlines Now Approved by Parliament of Taiwan
The largest air travel company in Taiwan is now in its flight for renaming. And this change in branding is rooted from avoiding confusion. The parliament of Taiwan had okayed on Wednesday the proposed effort of renaming China Airlines. During the parliament meeting, mentioned was the confusion of labels between […]
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Microsoft Exceeds Wall Street Analysts’ Expectations
As the pandemic continues to ravage to different businesses, demand for some other brands are favored more than the others. Microsoft found a way to position itself well in the midst of this coronavirus outbreak, in terms of revenue growth. Growth in revenue On Wednesday, Microsoft reported a revenue of […]
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‘Strong Europe’: EU Leaders Unite to Set Economy Recovery
Leaders of European nations initiate to repair their economy deeply wounded by the pandemic by gathering around to take action. After several days of talking about the funding’s amount and composition, a consensus has been met. The recovery fund agreed by the 27 countries is 750 billion euros (around $860 […]
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Chinese Cinemas Open Again After 6-Month Covid-19 Shutdown
Chinese moviegoers can now go to theaters again, as China’s movie theaters begin reopening Monday. This opening comes after COVID-19 closed all cinemas in China for six months. Since then, COVID-19 became a pandemic. Because of the virus, cinemas around the world shut down. Chinese Cinema Announces Slow COVID-19 Recovery […]