The interest rate on a 30-year mortgage loan in the United States fell below 3% for the first time in history, according to the Wall Street Journal. The fall in the average rate of a 30-year loan to 2.98% (the lowest in 50 years of registration) was reported by the largest American mortgage agency...

If reports are to be believed, positive news has come about Oxford University’s COVID-19 vaccine. The Political Editor of ITV, Robert Peston said, “citing a source”, that there are positive news on the “potential COVID-19 vaccine” from the University of Oxford could be out as early as Thursday,...

The largest US banks are boycotting oil and gas sector lending, limiting companies' access to borrowed funds and putting millions of jobs at risk, the Wall Street Journal writes. The newspaper explains that this is happening under pressure from environmental organizations. “As a rule, banks...

The novel coronavirus pandemic has forced the aerospace unit of the Rolls-Royce to burn through £3bn in cash within a period of just six months,  the company said while also warning that it could be several years before the company would recover from the crisis.   3,000 of its employees...

All those antibiotic companies that are currently struggling with financial problems could find some solace in a new $1 billion fund that has been founded recently and one that has been backed by 20 drug makers including Merck & Co Inc and Pfizer Inc.   According to an industry group,...

The US Department of Justice is checking the German fintech company Wirecard for involvement in financial fraud in the amount of $ 100 million associated with the online sale of marijuana, writes The Wall Street Journal, citing informed sources. According to them, two businessmen have already been...

Global shipments of personal computers (desktop computers, laptops and workstations) in the second quarter grew by 11.2% year-on-year to 72.3 million devices, since maintaining isolation in many countries provoked an increase in demand for laptops, according to a preliminary estimate by analytic...

Amazon, the world's largest online retailer, will pay a fine of $ 134,523 to resolve claims by US authorities regarding a company’s violation of a number of sanctions programs. This is stated in a message of OFAC (Office of Foreign Assets Control, a division of the US Department of the Treasury...

The business of delivery by the United States based ride hailing company Uber Technologies Inc has now been expanded into a number of several Latin American and Canadian cities where the company would now be offering an app-based grocery delivery service and plans to launch the service in its home...