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In Response To Coronavirus Outbreak Wells Fargo Issues Fee Waivers 03/22/2020

Coronavirus Will Cause Global Recession In 2020, Says IMF 03/24/2020

Canadian oil industry turns to government for help 03/26/2020

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Business & Finance

Top Barclays Shareholder Supports Climate Risk Resolution

Investors push Barclays towards phasing out of financing into fossil fuel industry. Jupiter Asset Management is among the top twenty five investors of Barclays which has revealed its plans of supporting Barclays “shareholder resolution” which aims to cut the bank’s investments into the “fossil fuel...

WHO Gets Free Advertisement On Facebook To Curb Misinformation About Covid-19

Online social media platforms are making efforts to spread the right information about coronavirus outbreak. Facebook Inc’s C.E.O, Mark Zuckerberg, has informed that the company plans on giving “free advertisement” to WHO, World Health Organisation, for ensuring to stop the spread of misinformation...

Tax Relief For Firms Hit By Coronavuris In Airlines, Travel Industry Mulled By The US

United States based companies in the airline, cruise and travel industries that have been hit by the coronavirus outbreak could be given a tax relief by the Trump administration to help them to cope with the virus hit as the outbreak has hit revenues by a sudden and huge drop in bookings, said...

GM To Invest $20 Billion In On New Electric And Autonomous Vehicles By 2025

The United States auto major General Motors has announced an investment of more than $20 billion till 20205 that it will make on development of technology and production capabilities for the next generation of all-electric and autonomous vehicles in its efforts to make a dent in the fast-growing...

Honda sales in China fall by 85%

Sales of the Japanese automobile concern Honda fell by 85% in February due to the spread of a new type of coronavirus COVID-19 in China, Kyodo reported. Compared with the same month last year, sales in China fell by 85.1% to 11.3 thousand cars. This is a record reduction in sales for the company....

Number of paid music services subscribers grows by a quarter in USA in 2019

The American Recording Industry Association has published a report on the state of the US music industry in 2019. Its income grew by 11.7% compared to 2018, mainly due to streaming. According to the annual report of the American Association of Recording Companies, in 2019, revenue from the US music...

IMF And World Bank To Hold Spring Meetings In Virtual Format Due To Coronavirus Concerns

A "virtual format" for their Spring Meetings will be held by the International Monetary Fund and the World Bank instead of gathering in person for their annual meeting in Washington because of the growing concerns about the fast-spreading coronavirus. About 10,000 attendees comprising of...

US Blocks SoftBank-backed CloudMinds From Transferring American Tech To China: Reuters

The United States has blocked startup CloudMinds, backed by SoftBank, from sharing technology developed in the US with its China business, claimed a report published by the news agency Reuters. This incident shows how the increased interference by the US government is creating issues for tech...

Blackstone pays $6B for IQ Student Accommodation

Blackstone Investment Fund acquires IQ Student Accommodation, which owns 66 dormitories with 28 thousand beds in the UK. Blackstone will pay Goldman Sachs and the Wellcome Trust, now the owners of the company, $ 6 billion. This will become the largest real estate transaction in the history of Great...

Baidu Could Also Be Another Corporate Victim Of Covid-19 Outbreak

Covid-19 outbreak could collapse Baidu’s Q1 revenue by thirteen percent. Chinese search engine giant Baidu Inc stated, its first quarter revenues could fall as much as much as 13% from a year earlier following the coronavirus epidemic which has slammed the brakes on China’s economic activity....