With projects scarce, employees without active project assignments would be the first out the door, analysts say.
IT companies may see more layoffs as sector struggles amid COVID-19: Report
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Category Archives: Business
Carmakers turn to the silver screen to boost sales
Audi, Porsche and Seat host drive-in events to steer industry out of pandemic slowdown
These 4 economic signals suggest the COVID-19 recovery is losing steam as cases spike
High-frequency economic data shows that in the last few weeks, the initially swift V-shaped recovery may be slowing down. Last week, the June jobs report showed that the US economy added a record 4.8 million jobs, the second month of gains in the recovery from the pandemic recession. But the report showed only the first few weeks of June and thus didn […]
Estate agents say stamp duty holiday has sparked demand
Enquiries from house hunters have surged since Chancellor Rishi Sunak announced the nine-month tax cut in his mini-Budget summer statement on Wednesday.
An amateur investor turned $15,000 into $1 million then lost it all, the latest cautionary tale in the day-trading frenzy
Robinhood-user Richard Dobatse said he turned $15,000 into $1 million, and then lost everything. He told the New York Times: “They make it so easy for people that don’t know anything about stocks. Then you go there and you start to lose money.” He said he is planning to appeal his case to financial regulators for arbitration. Dobatse’s s […]
In Pics | Most popular brands in India: Take a look
The Brand Footprint Report 2020 from the from worldpanel division of Kantar has listed the most popular brands in India. Find out which brands have the maximum reach in the country.
US heads for fiscal cliff as stimulus fades
Economists worry that political stand-off over extension of aid could damage recovery as pandemic rages
Trump Might Ban TikTok. Here’s What Experts Who Pored Through Its Code and Privacy Policies Say About Its Security.
The Trump administration has said it is considering banning TikTok, claiming that it hoovers up user data and is owned by a Chinese company as a national security threat.
Wall Street opens mixed on infection increase, economic data
Wall Street is mixed at the open as investors weigh a rise in coronavirus cases in the United States against upbeat economic data in Europe
Stamp duty cut slammed for cutting tax for landlords too
In a bid to boost the housing market the Chancellor announced that most homebuyers won’t pay any stamp duty on the first £500,000 of their home purchase from now until March.
Boohoo shares dive another 14% amid sweatshop scandal
Boohoo said it has ditched two suppliers accused of employing staff on slave wages. It pledged to invest an initial £10m to stamp out malpractice and beef up its board with more independent directors.
ROCE Insights For Workhorse Group
Workhorse Group (NASDAQ: WKHS) posted a 119.28% decrease in earnings from Q4. Sales, however, increased by 3124.94% over the previous quarter to $84,300. Despite the increase in sales this quarter, the decrease in earnings may suggest Workhorse Group is not utilizing its capital as effectively as possible. read more
AP: After lobbying, Catholic Church won $1.4B in virus aid
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid
UK economy to slump over 10%, debts to surge: Moody’s
Moody#39;s said the UK government#39;s latest 30 billion pound ($37.9 billion) stimulus package, announced this week, would aid a gradual economic recovery but add further pressure to the UK#39;s fiscal position.
Stock futures head lower to end the week
Forecasters warn the recent rise in stocks might be too big and too fast
Foreaders 