Britain’s biggest retailer Tesco on Monday named Burberry boss Gerry Murphy as chairman, replacing John Allan who stepped down after misconduct claims which he denies. Murphy, chair of fashion house Burberry and food group Tate and Lyle, will start at Tesco on September 1, the supermarket chain said in a statement. He will depart Tate…
-Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its electric vehicles, sending the company’s shares up more than 14% on Monday. The quarterly delivery numbers are a positive sign for the EV startup that has for months struggled to raise output in the face of supply-chain disruptions and…
Asset management giant BlackRock’s recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry. The world’s largest asset manager’s move to enter the crypto space is seen by many as a significant validation for the…
Most investors are enjoying the recent bounce in equity prices, but for some shareholders the bounce has been more of a catapult. Shares of Celsius (NASDAQ: CELH), Nu (NYSE: NU), and Wayfair (NYSE: W) have soared more than 50% just in the second quarter. The three stocks have risen 51%, 62%, and 61%, respectively, since the end of March. The gains are substantial, but…
Warren Buffett says a “too-high purchase price” can undo a decade’s worth of stock market returns. It’s not enough to buy a good company, you need a good entry point too. One way to do this is to look at stocks near their 52-week lows. A company at its cheapest price in a year could end…
A French real estate firm has signed a partnership deal with domestic crypto pay provider, an indication that the European nation may be the next to embrace crypto-powered commerce. Per Boursier, Apsys will allow customers to pay using crypto at all of its shopping malls. The firm operates the malls L’Heure Tranquille in Tours, Les Rives de l’Orne in Caen,…
The United States and Britain drove a multi-billion-dollar worldwide fightback against monetary devastation unleashed by the coronavirus as the European Union shut its fringes to explorers from outside for 30 days to stem the pandemic’s savage spread. The broad measures, at no other time found in peacetime, have overturned society worldwide and irritated money related…
ISLAMABAD: Officials of state agencies on Tuesday announced the closure of all gymnasiums, gymnasiums, swimming pools and children’s playgrounds in the next three weeks following a financial crash by the country’s coronavirus.he announcement was made by the Islamabad Deputy Commissioner in a tweet in which he announced measures to protect the situation. We have closed…
KARACHI: The Sindh government is likely to direct restaurants and restaurants to close at 9pm as new cases of infection in the province and the country were reported on Monday. According to a Sindh government spokesman, the prime minister has decided to adopt a ‘zero tolerance’ policy on ways to prevent a coronavirus epidemic. If…
HONG KONG: US President Donald Trump’s decision to impose a travel ban from Europe to the US every month to cut off coronavirus spreads and send shock waves on the equities and oil markets causing global economic panic. Since the disease showed no signs of deterioration, claimed many lives and affected many people around the…
End of content
End of content