Business

British employers to slash new recruitment in 2021, says CBI

Editorial Bureau September 18, 2020

LONDON (UK) – Struggling with the pandemic crisis, more businesses in the UK are planning to slash job recruitment or freeze it altogether compared to last year, according to a survey on Friday. According to the annual report from the Confederation of British Industry and the Pertemps

Business

French Bridgestone plant facing closure threat to be visited by 2 ministers

Editorial Bureau September 18, 2020

PARIS (FRANCE) – The French government has decided to send two ministers to a tyre factory in the north on Monday as it has reiterated its calls on plant owner Bridgestone of Japan to reconsider its decision to close it down. “I can confirm that I will go on Monday with junior Economy Minister Agnes […]

Business

EU should ask states to end quarantine norms: European tourism industry heads tell Leyen

Editorial Bureau September 18, 2020

BRUSSELS (BELGIUM) – Europe’s pandemic-pummelled travel and tourism industry heads appealed to the chief executive of the EU to pressure governments to end quarantine norms and go for coordinated curbs and testing. “This chaotic situation requires your immediate personal involvement,” a group of more than 20 industries, including airline

Business

Le Maire vows to prevent closure of Bridgestone’s French factory

Editorial Bureau September 17, 2020

PARIS/TOKYO (FRANCE/JAPAN) – The French government is pulling out all stops to save jobs and prevent a tyre plant from closure in northern France by Japanese Bridgestone which owns it. The firm said on Wednesday that it would start discussions to close the factory in Bethune in the wake of low demand for low-profile tyres. […]

Business

British Airways has to face winter ordeal in order to survive: CEO Cruz

Editorial Bureau September 16, 2020

LONDON (UK) – British Airways CEO Alex Cruz said on Wednesday the company was doing everything possible to navigate through winter, throwing light on the pressures it faced from the pandemic. He was questioned by lawmakers over the plans to slash thousands of jobs. Cruz said the airline was operating at 30% of its normal […]

Business

Ferrari rolls out modified version of Portofino GT

Editorial Bureau September 16, 2020

MILAN (ITALY) – Italian car maker Ferrari unveiled on Wednesday the Portofino M, a modified version of its top-selling Portofino gran tourer. This is the first model to be launched since the firm shut down its operations temporarily because of the virus spread. It was unveiled online with video presentations on the restyling and innovations. […]

Business

Reports of African swine fever prompt China to ban German pork imports

Editorial Bureau September 12, 2020

SHANGHAI (CHINA) – After Germany confirmed its first case of African swine fever last week, China banned the import of German pork products on Saturday. This move will hit German farmers and send global prices for pork products rising. Germany is China’s third biggest pork supplier and the country is facing an acute shortage of […]

Business

Germany’s pig farmers urge China not to impose blanket ban on German pork imports

Editorial Bureau September 11, 2020

HAMBURG (GERMANY) – Farmers in Germany urged China on Friday not to impose a nationwide ban on imports of pork from Germany a day after African swine fever (ASF) was detected in a wild boar in Brandenburg. As soon as ASF was detected on Thursday, South Korea, the largest non-EU buyer of Germany pork, imposed […]

Business

Egg-sized flawless 102-carat diamond to go under hammer next month

Editorial Bureau September 10, 2020

NEW YORK (US) – A diamond, which is of the size of an egg and is said to be one of the rarest gemstones, is all set to go under the hammer next month and is expected to fetch $12 million to $30 million (23.03 million pounds). The 102.39-carat diamond, which is a flawless white […]

Business

Nestle CFO says more acquisitions are on the anvil

Editorial Bureau September 9, 2020

ZURICH (SWITZERLAND) – Nestle said on Wednesday that it will go for more acquisition, including big ones. “We have been very disciplined, but that has not prevented us from doing sizeable acquisitions – Starbucks, Atrium, now Aimmune – and there will be probably more in the future as well because we really want to go there,” […]