Japan jumps into the growing list of large economies reporting bad GDPs in light of the pandemic’s disruption of most of the world’s economic activities. Consumption, the main driver of Japan’s economy, is severely affected by the outbreak. Third quarterly decline of Japan The third largest economy in the world […]
Read Time : 3 Minutes
BBC Issues Apology Over News Report Including Uncensored Racial Slur
London-based broadcaster BBC had apologized for using a racial slur that was uncensored in a news report aired on July. It resulted to a massive backlash from the public, with over 18,000 people who filed a complaint. Offensive language A news segment included the use of N-word in the report […]
Read Time : 3 Minutes
Crashed Plane in India Splits Into Two, At Least 18 Deaths, Hundreds Injured
An airplane in India skidded off the runway and crashed at the Kozhikode Calicut International Airport on Friday amid heavy rain. The incident caused the death of at least 18 individuals, including two pilots. It also injured 123 people, according to the police. The incident The Air India Express plane, […]
Read Time : 3 Minutes
Major Australian Virgin Airline Carrier to Reduce Workforce
As Virgin Australia enters new ownership, the airline is planning to reduce one-third of its workforce. This is part of the company’s restructuring as it welcomes new management under Bain Capital, a US multi-asset alternative investment firm. The carrier also intends to reduce some of its aircrafts and would focus […]
Read Time : 3 Minutes
Uber Acquires UK Company Autocab To Service More Locations
Uber Technologies announced on Thursday that it agreed to purchase Autocab, a British tech company. Autocab is a 25-year old tech company from UK that supplies taxi booking and dispatch software systems. It also connects passengers to drivers via its iGo marketplace. Wider reach The move will further widen the […]
Read Time : 3 Minutes
Beirut Blast Wounds Thousands Of People, Kills at Least 78
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 […]
Read Time : 3 Minutes
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 […]
Read Time : 3 Minutes
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 […]
Read Time : 3 Minutes
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 […]
Read Time : 3 Minutes
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 […]