Daily Management Review
Business & Finance

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...

Business Service Firms Of Central Europe See Opportunity In The Virus Pandemic

A number of companies in Central Europe that offer remote, lower-cost services for multinationals are trying to transform the economic calamity because of the coronavirus pandemic into an opportunity as a new business order of remote working kicks in. Covid-19 - the disease caused by the novel...

Mazda sets to raise $ 2.8B loan

Japanese automaker Mazda Motor is negotiating with a group of banks, in particular, MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank, to raise a credit line worth 300 billion yen ($ 2.8 billion) to maintain the company's liquidity in the midst of a coronavirus pandemic, Nikkei Asian Review...

Latin America's one of the largest airlines files for bankruptcy

Colombia's largest airline and Latin America's second largest airline, Avianca Holdings, filed for bankruptcy to begin the reorganization process in connection with the crisis caused by the novel coronavirus pandemic, the company said. “On May 10, 2020, Avianca Holdings SA and a number of its...

Coronavirus Lockdown Results In $2.9 Loss For Uber In First Quarter

The coronavirus pandemic severely impacted the business of Uber in the forts quarter that resulted in the company reporting a loss of $2.9 billion. The company however said that that pandemic hit will be cushioned to an extent by   its growing food delivery business and its aggressive...

South Korean Market To Be Exited By U.S. E-Cigarette Maker Juul Labs

It was just about a year that the United States based e-cigarette maker Juul Labs had entered the South Korean market. However the company announced on Wednesday that it would be exiting the market and stopping all of its business operations in the South Korean market because it had not been able...

Apple Sells Cheap Bonds To Raise Money For Share Buybacks And Dividend Payments

Its cheapest bonds in many years was issued by Apple Inc on Monday as the tech giant took advantage of the emergency measures taken by the United States Federal Reserve as a response to the economic impact of the coronavirus pandemic outbreak.   Apple is the latest blue-chip company to issue...

Intel acquires Israeli Moovit for $ 900M

American Intel Corp., one of the world's leading manufacturers of computer components, announced the acquisition of Moovit Inc., an Israeli mobility technology company, for $ 900 million. Moovit gained notoriety through an application that helps users build a route by offering information on the...

Air France to receive €7B EU aid

The European Commission approved France's government support for Air France in the amount of €7 billion in connection with the COVID-19 epidemic. "The European Commission, within the framework of the EU rules on state aid, approved the provision of assistance in the amount of €7 billion euros to...

EY Report Says Online Car Sales Could Become Important After End Of Covid-19 Pandemic

According to a report from the consultancy firm Earnst&Young, there can be growth in online car sales after the end of the novel coronavirus pandemic because people will be more concerned about health and hygiene and getting infected which could make them opt to choose personal vehicles as well...
1 2 3 4 5 » ... 250