International Business

International Business

Victoria’s Secret UK arm goes into administration

More than 800 jobs are at risk after the UK arm of lingerie retailer Victoria's Secret fell into administration on Friday, according to the...

Zoom earnings soar as video meets become pandemic norm

Zoom on Tuesday reported that its earnings soared as its video-meeting service became a popular way to work or socialize while hunkered down due...

Nissan and Renault shelve merger plans to repair their alliance

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance...

Gap rushes in more robots to warehouses to solve virus disruption

U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during...

Former Disney exec named TikTok boss

Former Disney executive Kevin Mayer will become the head of TikTok and chief operating officer of the popular video app's parent company, the group...

Tesla’s Musk says ready for arrest as he reopens California plant against local order

Tesla chief executive Elon Musk on Monday said production was resuming at the automaker's sole U.S. vehicle factory, in California, defying an order to...

International tourism could decline by 60-80 per cent in 2020 due to COVID-19

International tourism could shrink by a whopping 60-80 per cent in 2020 due to the COVID-19 pandemic, resulting in the revenue loss of $910...

Most H-1B employers pay migrant workers well below market wages: report

A majority of H-1B employers, including major American technology firms like Facebook, Google, Apple and Microsoft, use the programme to pay migrant workers well...

Video game titans earnings climb as people play at home

US video game titans Activision and Electronic Arts on Tuesday reported strong earnings as people staying home due to the coronavirus pandemic turn to...

US Treasury to borrow record $2.999 trillion in Q2

The United States Treasury said Monday it will to borrow a record $2.999 trillion in the April-June period largely to finance spending on relief...
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