Category: Business

Business

House Judiciary Committee Calls On Amazon’s Bezos To Testify

ISTANBUL, TURKEY – OCTOBER 02: Amazon CEO Jeff Bezos attends a commemoration ceremony in Istanbul, Turkey. Anadolu Agency/Anadolu Agency via Getty Images hide caption toggle caption Anadolu Agency/Anadolu Agency via Getty Images ISTANBUL, TURKEY – OCTOBER 02: Amazon CEO Jeff Bezos attends a commemoration ceremony in Istanbul, Turkey. Anadolu Agency/Anadolu Agency via Getty Images Lawmakers […]

Business

European Central Bank agrees to accept ‘junk’ bonds to keep economies afloat

Issued on: 22/04/2020 – 22:46Modified: 22/04/2020 – 22:46 European Central Bank governors agreed Wednesday that banks could put up so-called “junk” bonds as collateral when borrowing from the Frankfurt institution, in case eurozone governments and firms see their credit ratings downgraded as they grapple with the coronavirus pandemic. “Marketable assets and issuers of these assets… […]

Business

Instagram Rival Cuts A Third Of Staff As Its Business Changes ‘Overnight’

Joel Flory, co-founder and chief executive officer of Visual Supply Co. (VSCO), speaks during a Bloomberg Technology television interview in December 2019. On Tuesday, Flory announced VSCO is laying off a third of its staff because of the coronavirus-fueled economic downturn. Bloomberg/Bloomberg via Getty Images hide caption toggle caption Bloomberg/Bloomberg via Getty Images Joel Flory, […]

Business

EU finance ministers reach agreement on coronavirus rescue deal

Issued on: 09/04/2020 – 22:57Modified: 09/04/2020 – 22:57 EU finance ministers agreed a 500-billion-euro ($550-billion) rescue Thursday for European countries hit hard by the coronavirus epidemic, but sidelined a demand by Italy and France for pooled borrowing. The breakthrough came after the Netherlands softened its position on the crucial question of making countries in need […]

Business

‘We will overcome’ coronavirus crisis, vow G20 leaders after video meeting

Issued on: 26/03/2020 – 16:32Modified: 26/03/2020 – 16:31 G20 leaders on Thursday said they were committed to presenting a united front against the coronavirus pandemic, calling it their “absolute priority” to tackle its health, social and economic impacts. During an video conference to discuss the impact of the coronavirus crisis, leaders of the world’s major economies […]

Business

Global coronavirus cases top 200,000 as authorities unleash economic aid packages

Issued on: 18/03/2020 – 18:34Modified: 18/03/2020 – 18:34 The number of confirmed COVID-19 cases worldwide rose above the 200,000 mark Wednesday, according to John Hopkins University, as governments tightened restrictions and announced new economic measures to help cope with the crisis. Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to […]

Business

Stocks Enter Bear Market. What Does It Mean?

Spencer Platt/Getty Images Spencer Platt/Getty Images Nothing lasts forever — not even a stock market that keeps going up, up and up. This week, just days after its 11-year anniversary, investors unceremoniously said goodbye to the longest-running bull market in history. Then the bears took over. The Dow Jones Industrial Average entered bear market territory […]

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