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European businesses ask for two-year delay in introduction of AI law 07/04/2025

The US plans to limit AI chips supply to Malaysia and Thailand 07/07/2025

Nippon Steel to raise $5.6 billion in subordinated loans to acquire US Steel 07/04/2025

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Over 90% of SMEs in China resume work in May

As of Monday, May 18, about 91% of medium and small enterprises in China have resumed work, which was suspended due to the pandemic of the coronavirus infection COVID-19, according to official data. From the point of view of industries, 93% of companies resumed their activities in the manufacturing...

Marks & Spencer notes change in customers preferences during lockdown

The UK retailer Marks & Spencer told about changing consumer habits during a pandemic. Its clients now prefer sportswear to suits and ties, and bras have become the most popular category of goods. In the context of the coronavirus pandemic, sportswear, sleepwear and bras became the most popular...

Class Action Against Mcdonald's By Workers In US Over Lack Of Safety Against Covid-19

Alleging that McDonald's had failed to adopt and implement government safety guidance on Covid-19, thereby putting the lives of the employees and their families in danger of being infected with the disease, five employees of the company in Chicago filed a class action lawsuit against the chain on...

Volkswagen to pay €9M to dismiss case against two top managers

The German automobile group Volkswagen agreed to pay €9 million to dismiss a case against the head of the board of the automobile concern Herbert Diess and the chairman of the supervisory board, Hans Dieter Pötsch, according to Handelsblatt. German prosecutors in Braunschweig charged Diess and...

Apple: Our privacy policy is not a threat to national security

Apple has rejected a statement by US Attorney General William Barr that its policy to protect personal data, including from law enforcement, threatens US national security, Bloomberg reports citing Apple. Earlier, Barr said that Apple’s policy to protect personal data, including from law...

JCPenney announces bankruptcy

As expected, JC Penney, one of the largest US department store chains, filed for bankruptcy. This is stated in the message of the company, founded in 1902. Notification of the beginning of the restructuring procedure in the conditions of protection against creditors under Art. 11 US Bankruptcy Laws...

Airbus Will Be 'Resized' And Could Slash Output Again: Reuters

Airbus needs to be “resized”, plans for which are to be set out around the end of June, the European plane maker has told senior staff. The company has said that it is also ready to slash jet production again to be able to address and meet the challenges of a possible second wave of the coronavirus...

Restructuring Plans, Including Job Cuts, Being Considered By Airbus: Reports

Anticipating the prolongation of the coronavirus crisis, European plane maker is now considering further restructuring plans that include the possibility of “deep” job cuts. The company had already furloughed thousands of workers, said reports quoting industry sources said. The reports however...

Sky Network & NBCUniversal Ad-Space Can Be Purchased Via Same Tool

As sports events, which attracted most advertisers, are being postponed due to the ongoing pandemic crisis, media companies across continent find a common platform to boost revenue. Comcast Corp informed that the advertisement of both the media companies, namely “NBCUniversal and Sky”, were up for...

Moody's downgrades global car sales forecast for 2020 to 20% decline

The international rating agency Moody's Investors Service (Moody's) has worsened its forecast for car sales in the world in 2020 to fall by 20% instead of the previous March forecast of 14% amid a coronavirus pandemic, the agency said in a study. "The rating agency now expects that car sales in the...