September 3, 2021 7:22 am
Walmart Inc (WMT) said earlier this week that it would hire 20,000 workers at its supply chain division ahead of the holiday season at a time when major retailers struggle with a shortage in labor and logistics. The part-time and full-time roles that range from freight handlers to lift drivers, will be based at 250 […]
Read moreSeptember 2, 2021 8:54 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday after OPEC+ agreed to continue the gradual return of supply to the market amid surging COVID-19 cases globally and with many US oil refiners still offline. Yesterday the Organization of the Petroleum Exporting Countries and allies, OPEC+, agreed to continue phasing out record output […]
Read moreSeptember 2, 2021 7:10 am
Morgan Stanley (MS) has raised salaries for starting analysts in its institutional securities division. It has been the latest major bank to increase pay as demand for entry-level workers remains high. According to a report by Business Insider, the pay change is to take effect in January. According to the same media, citing a source […]
Read moreSeptember 1, 2021 9:50 am
SKF said on Tuesday that it had finalized the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees located in the Swedish city of Luleå. However, financial details of the deal were not disclosed. “Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT hardware to the latest […]
Read moreSeptember 1, 2021 7:53 am
Norwegian Air said earlier this week that it would probably not need to raise additional cash, since the relaxation of COVID-19-related travel restrictions triggered an increase in bookings. The company’s revenue was reported to have decreased to 591 million Norwegian crowns during the first six months of 2021 from 7.1 billion Norwegian crowns during the […]
Read moreAugust 31, 2021 9:04 am
AUD/USD rose on Tuesday, while extending a rebound from August 20th low of 0.7106 – a 9 1/2-month low, after new data showed that a surge in government spending had facilitated a crucial boost to growth, probably helping the economy avoid recession. The official Australian GDP numbers for the second quarter are due to be […]
Read moreAugust 31, 2021 7:09 am
Germany’s Lufthansa AG intends to increase the number of flights and to improve catering in an attempt to win back business travelers, according to an executive board member from the company. The air carrier also plans to add a midday flight on particularly popular routes and to introduce new menus for premium clients as soon […]
Read moreAugust 30, 2021 9:08 am
GBP/USD remained stuck within a narrow range in light trade on Monday, as the US Dollar hovered just above a two-week low after the Federal Reserve laid out a slower-than-anticipated path to interest rate increases. In a speech at the Jackson Hole symposium on Friday Fed Chair Jerome Powell said that the central bank’s tapering […]
Read moreAugust 30, 2021 7:11 am
Geely’s premium electric vehicle brand, Zeekr, said last week that it had raised $500 million in its first external funding from investors, including Intel Corp, battery manufacturer CATL and online entertainment company Bilibili. Other investors include Cathy Fortune Corporation as well as private equity firm Boyu Capital. According to Zeekr, the investors will jointly own […]
Read moreAugust 27, 2021 8:57 am
Spot Gold edged higher on Friday and looked set to register a third straight weekly gain, as worsening security situation in Afghanistan fueled safe haven demand for the precious metal. Yesterday Islamic State launched a suicide bomb attack on the crowded Kabul airport that led to the death of at least 13 US troops and […]
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