General Electric is cutting as many as 13,000 jobs in its jet engine business after the coronavirus pandemic brought devastation to the aerospace industry. GE Aviation on Monday announced plans to accelerate its cost-cutting by permanently reducing […]
Salaries of top CEO got increased at the country’s top mutual fund houses during 2019-20 on robust business growth, with HDFC Mutual Fund’s Milind Barve being the highest paid executive. According to an analysis of […]
Bank in Nigeria have suspended the sacking of staff, a development which recently caused ripples in the industry amid coronavirus panic. The country’s apex bank, the Central Bank of Nigeria (CBN) disclosed this is a […]
Warren Buffet now boasts of piling up a record $137 billion cash after his company, Berkshire, loaded up on stocks in part because of its inability to find large companies to buy outright, a drought […]
Billionaire South African entrepreneur Elon Musk’s tweet that: “Tesla stock price is too high,” has caused ripples in the business world forcing Tesla’s market value down by $14 billion in hours. Musk known for founding […]
Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company seeks to dispose of aging assets to focus on […]
Exxon Mobil Corp. XOM-2.09% reported Friday that it swung to a first-quarter loss, as a result of a large market-related writedown, and revenue that fell 12%, as the COVID-19 pandemic significantly impacted demand, resulting in oversupplied […]
Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic. The aerospace giant plans to reduce its workforce by 10 […]
The IMF approved US$3.4 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19 shock and the sharp fall in oil […]
President Donald Trump has laid out new guidelines for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as the country continues to fight […]
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