Economists are cutting growth forecasts for the eurozone economy as a third wave of Covid-19 infections and vaccination delays spur tighter restrictions in several countries including France, Italy and Germany. The reintroduction of lockdown measures across Europe is fuelling concerns that the region could suffer another disappointing summer tourism season if vaccinations do not speed […]
The government set out to prop up the economy. It may also be propping up the market. By Matt Phillips Abraham Sanchez knew exactly how he wanted to spend his stimulus check. Like millions of Americans, he had begun dabbling in the stock market during the pandemic. So, soon after $1,400 from the federal government […]
Days after Mr Yuen Kuan Moon took charge as chief executive officer of Singtel Group, the telecommunications giant had an unprecedented challenge: a massive cyber attack involving the personal information of 130,000 customers. The cyberstrike was effected when files on the Accellion file transfer appliance were accessed illegally. Also stolen was some information on 23 […]
(NYTIMES) – They promise to nudge you into saving more, negotiate your bank fees, cover overdrafts and help you pay down your debt. They will even cheer you on when you spend wisely and remind you when your bills are coming due. These are the newest evolution of personal financial management tools, with the emphasis […]
MILAN — Despite the pandemic, Bikkembergs is committed to making a splash. “Since 2017, I’ve been calling on board new licensing partners that are more in sync with the brand’s ethos,” said Dario Predonzan, the company’s chief operating officer. Banking on one of the key categories for the brand, Bikkembergs is kicking off a new three-year […]
WASHINGTON (Reuters) – Big U.S. banks will have to resume holding an extra layer of loss-absorbing capital against U.S. Treasuries and central bank deposits from next month after the Federal Reserve said on Friday it would not extend a temporary pandemic regulatory break due to expire this month.FILE PHOTO: The Federal Reserve building is pictured […]
In October 2020, Coca-Cola made a huge announcement: The company had decided to discontinue 200 of its beverage brands in an effort to rid its portfolio of underperforming brands and prioritize those that showed the most opportunity for growth and scale. While you might think the ongoing pandemic was the catalyst for Coca-Cola’s decision to […]
By Stacy Cowley A $16 billion federal relief fund for live event businesses like music clubs, theaters, museums and concert promoters will start taking applications on April 8, according to the Small Business Administration. “Help is here,” said Isabella Casillas Guzman, the agency’s administrator, who took office this week. “This vital economic aid will provide […]
With the pandemic hitting advertising hard, Hearst Magazines, the publisher of Elle, Harper’s Bazaar and Cosmopolitan, has been running a series of summits to keep key partners sweet. Over the past year, it has held summits on health and wellness, beauty, luxury, food and on Friday fragrance — the latter in partnership with The Fragrance […]
Textile firm Devan has launched a new range of bio-based fragrances for textiles — and its SceNTL collection consists of wellness-themed scents such as natural lavender, menthol, wild mint and a citrus blend, and the collection will continue to expand over time. Devan said SceNTL is a wide range of encapsulated fragrances that can be […]