Aston Martin’s losses soar to £227m in first half of 2020

Aston Martin Lagonda’s losses surged to £227m in the first half of 2020 as the coronavirus pandemic closed the embattled UK luxury carmaker’s dealerships and prompted an executive clear-out. The carmaker was also forced to restate its income statements over two years after detecting an accounting error that led it […]

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US blacklists 28 Chinese organizations and companies

Hong Kong (CNN Business)Global businesses are facing mounting pressure from activist groups and the US government to reexamine and cut any ties they might have to China’s Xinjiang region, where allegations of human rights violations have run rampant for years. Accusations that Uyghurs and other Muslim minority groups in the […]

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Global food supply chain at risk due to pandemic

London (CNN Business)Food and supplies are flying off the shelves of UK supermarkets, but that doesn’t mean their profits are booming. Tesco (TSCDF), the biggest grocery chain in Britain, said Wednesday that additional costs associated with “feeding the nation” could amount to as much as £925 million ($1.1 billion) this […]

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60,630 New Covid Cases, 1121 More Deaths In US

With 60,630 new cases reporting in the last 24 hours, the total number of coronavirus infections in the United States increased to 4294770. During the same period, 1121 people died of the viral disease, taking the country’s total deaths to 148056. COVID infections increased in D.C., Maryland and Virginia after […]

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EU Leaders Agree On Landmark Coronavirus Recovery Package

EU leaders agreed on a EUR 1.8 trillion package of measures to tackle the exceptional nature of the economic and social situation posed by the coronavirus pandemic. After four days of marathon talks in Brussels, EU leaders conceded the package worth EUR 750 billion. Accordingly, the bloc will issue debt […]

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