Swiss watchmakers go digital to show off new products, revive sales
ZURICH (Reuters) – Luxury Swiss watchmakers, usually not big fans of online retailing, are launching a new all-digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis. Makers of high-end watches still largely rely on physical stores for sales, but the success of […]
Samsung Electronics says Q1 profit likely rose 44%, matching expectations
SEOUL (Reuters) -Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. The South Korean technology giant forecast January-March operating profit of 9.3 trillion won ($8.32 […]
Exclusive-HSBC moves more than 1,200 UK staff to permanent home working
LONDON (Reuters) – HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees’ work patterns as a result of the pandemic to cut costs. Around 70% of the bank’s 1,800 call centre staff based […]
Asian shares ease from three-week highs, dollar retreats
SYDNEY (Reuters) – Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors were still focused on upcoming company earnings for more signs of a global economic recovery. Eurostoxx 50 futures were off 0.1%, those for Germany’s Dax were barely changed while London’s FTSE futures were up 0.4%. […]
Does good governance matter for post-pandemic economic growth recovery?
Post-COVID economic recovery could be delayed in countries with poor track records on governance. Many researchers have examined the effects of good governance on economic growth using different methodologies and data sets, and the findings have been contradictory. In our research, we added a new dimension by asking the question: does good governance matter for recovery in growth after a mega external shock like the pandemic?
Jordan bans media coverage of royal rift, Saudi reaffirms support
AMMAN (Reuters) -Jordan banned all news outlets and social media users on Tuesday from publishing any content related to King Abdullah’s half-brother Prince Hamza after the latter was accused of plotting to destabilise the country. Prince Hamza pledged allegiance to King Abdullah late on Monday after mediation by the royal family, two days after the […]
Sceptical president invites Netanyahu to form next Israeli government
JERUSALEM (Reuters) -A sceptical president tasked Prime Minister Benjamin Netanyahu on Tuesday with forming a new government, after another inconclusive election deepened political stalemate in Israel. The country’s longest-serving leader, in power consecutively since 2009, now faces the tough challenge of enlisting enough allies for a governing coalition. Under law, Netanyahu will have 28 days […]
Myanmar protesters paint Yangon red, call for boycott of Water Festival
(Reuters) – Myanmar’s pro-democracy protesters sprayed red paint on roads in Yangon on Tuesday in a reminder to the junta that it had blood on its hands as the crisis created by a military coup in the Southeast Asian nation dragged on with no end in sight. Several groups called for a boycott of next […]
Global liquidity and bull run in Domestic Equity Market Trigger Firms Raise over Crores
As the volume of cross-border transactions is growing at an astounding rate in the last decade, it has been accompanied by a number of qualitative changes.
South Korea’s LG becomes first major smartphone brand to withdraw from market
SEOUL (Reuters) – South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America, where it […]
