US clothing retailers are trying to get rid of unsold goods, including spring collections, for tens of billions of dollars, writes The Wall Street Journal. Retailers offer significant discounts on their websites, but consumers are in no hurry to buy, the publication notes. Off-price chains such...

Billionaire Richard Branson ($ 4.4 billion of wealth according to Forbes Real-Time) said his personal funds and Virgin Group's funds would not be enough to save Virgin Airlines in the UK and Australia in the crisis caused by the coronavirus pandemic. State support will be required to save Virgin...

Binance cryptocurrency exchange reported a record quarterly burning of BNB tokens. According to the release, the exchange explained this burning with increased traffic, as well as the increased interest of users in digital money. In this quarterly burning of tokens, 3,373,988 BNBs were destroyed;...

Analysts of the commercial real estate industry of the United States are of the opinion that the impact of the novel coronavirus pandemic in the country will have an impact on the office rental sector in the country similar to what happened with malls because of the emergence and growth of...

Chevron’s subsidiaries sold their shares in oil assets in Azerbaijan for $ 1.57 billion to the Hungarian MOL, the American oil company said. "Chevron Corporation today announced that its subsidiaries sold their non-operating shares in the Azeri–Chirag–Gunashli (ACG) oil field... and the...

Amidst the coronavirus pandemic wrecking havoc in hundreds of countries around the world , including the United States, funding to the World Health Organization has been halted by the US President Donald Trump over his allegations that the UN agency had not handled the coronavirus pandemic in a...

The first quarterly reports of US banks showed that the coronavirus pandemic, quarantine measures and the closure of enterprises significantly affected performance of financial companies. Bank profits fell sharply due to the fact that they are forced to allocate billions of dollars from reserves to...

The German Adidas AG, one of the world's largest manufacturers of sportswear and accessories, received approval for a loan of €3 billion to support the business amid the coronavirus pandemic, the company said in a message. Adidas notes that it has received approval from the German government for a...

Warren Buffett’s investment firm, Berkshire Hathaway, sold a $ 30.9 million stake in Bank of New York Mellon (BNY Mellon) to the U.S. Securities and Exchange Commission (SEC). In total, on April 7 and 8, Berkshire Hathaway sold 869,103 shares of BNY Mellon. Now it has 88.1 million securities of the...