Apple is one of the most successful companies in the world, and people are willing to spend hundreds of dollars to buy an iPhone, iMac, etc. On Wednesday, the tech giant won a court case against the European Commission regarding 13 billion euros ($14.9 billion) in Irish taxes. The European Union (EU) failed to convince …
Singapore is one of the smallest independent countries in the world. Nevertheless, Singapore has a highly developed market economy. The country underwent a period of rapid industrialization, after which it became an important financial hub. However, the coronavirus pandemic caused serious problems for the local economy. Unfortunately, Singapore’s economy entered a technical recession after shrinking …
Singapore’s Economy Entered a Technical Recession Read More »
The People’s Bank of China made it clear that it isn’t planning much more stimulus for the country. The world’s second-largest economy is recovering from the coronavirus shock. Guo Kai serves as a deputy director of the monetary policy department. According to his information, once policies and measures completed their mission, they have exited. For …
China’s Central Bank and the State of the Local Economy Read More »
On Thursday, the presumptive Democratic nominee presented his moderate economic plan. Joe Biden, former vice president of the U.S., wants to become the president of the country. Importantly, the country is struggling to cope with economic, health, and racial crises at the same time. Biden presented his economic plan in Dunmore, Pennsylvania. Interestingly, Biden sought …
Joe Biden Unveiled his Economic Plan in Pennsylvania Read More »
United Airlines Inc. is one of the largest carriers when it comes to fleet size and number of routes. Interestingly, United Airlines is the founding member of the Star Alliance, which is the world’s largest airline alliance. Currently, there are 26 full members. It is worth mentioning that the O’Hare International Airport in Chicago is …
United Airlines, U.S. Government, and Plans for the Future Read More »
A border clash with China in the Himalayas between the Chinese and Indian soldiers reignited tensions between two nuclear-armed neighbors. Many people in India, including some local politicians, are calling for a boycott of Chinese products. The country made the decision to ban dozens of Chinese mobile apps last week. However, it will be difficult …
Regional Tensions Between India-China and Economy Read More »
On Tuesday, the European Commission which is the European Union’s (EU) executive arm made the decision to slash its 2020 and 2021 projections. It is not surprising as the coronavirus pandemic created a lot of problems for all members of the union. According to the latest information, the institution expects the 27-member region to contract …
EU Changed its Economic Forecasts for 2020 and 2021 Read More »
Airlines around the world are working hard to adapt to the new reality. However, for some of them, it is hard to adjust to this everchanging environment. This is not surprising, as governments implemented travel restrictions. As a result, companies lost a lot of money. Hopefully, authorities will have already removed some of the restrictions. …
Aeromexico Files for Bankruptcy Protection in the U.S. Read More »
Some of the wealthiest countries in the world such as Germany, France are the members of the euro zone. However, the region is struggling to cope with the economic impact of the coronavirus pandemic. Governments of many European countries made the decision to introduce various measures to contain the virus. As a result, a lot …
Millions of people around the world lost their jobs over the past several months. Unfortunately, people are struggling to meet ends meet in many countries. However, some Latin American countries have to deal with numerous problems. Unemployment was a major problem even before the coronavirus pandemic. However, the pandemic created additional problems for the countries …
The heart of every successful business is loyal customers. They are the ones who will purchase your products and services even if they aren’t discounted. Also, they are ready to renew their buying experience and even to recommend the brand! Customer service plays a critical role in solving the problems your customers may encounter. Still, …
Airlines around the world are struggling to deal with the coronavirus pandemic and its impact on the economy. As a result, Boeing and its major rival Airbus are trying to adapt to the new reality. It is not an easy task, as before the coronavirus pandemic airlines ordered thousands of planes. However, due to the …
China has the second-largest economy in the world. This fact underlines the importance of the local economy. Moreover, the country continues to develop and it has the potential to achieve even bigger goals. However, the coronavirus pandemic which originated in Wuhan caused serious damage to the local as well as the global economy. Nevertheless, factory …
Factory Activity Expanded in June Despite Uncertainties Read More »
On Monday, the General Statistics Office made an important statement. According to the statement, the economy of Vietnam grew 0.36% in the second quarter of this year. As a result, Vietnam’s economic growth fell to its slowest pace in at least 30 years. The local economy expanded by 6.73% during the same period last year. …
The Economy of Vietnam Grew 0.36% in the Second Quarter Read More »
Virgin Australia is the second-biggest airline in Australia. However, it was struggling with long-term debt of A$5 billion ($3.17 billion) even before the coronavirus pandemic. However, the pandemic created additional problems for the country’s second-biggest airline. As a reminder, Virgin Australia filed for voluntary administration in April after failing to receive the government support. Interestingly, …
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