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Steel sector may be saddled with up to $70 bln stranded assets
July 19, 2021July 13, 2021 zuffaorg

Steel sector may be saddled with up to $70 bln stranded assets

Business

The global steel industry may have to write down up to $70 billion in assets in the coming years because it is still building new

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Uneven global recovery creates ‘daunting challenges’ for policymakers, BIS says
July 18, 2021July 13, 2021 zuffaorg

Uneven global recovery creates ‘daunting challenges’ for policymakers, BIS says

Business

Dubbed the central bank to world’s central banks, the Swiss-based BIS said its main scenario was one of a solid global pick-up, albeit at varying

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Nissan may confirm this week it is building a battery plant in UK
July 17, 2021July 13, 2021 zuffaorg

Nissan may confirm this week it is building a battery plant in UK

Business

Nissan Motor Co will confirm as soon as this week that it will build a battery gigafactory in Sunderland, northeastern England, as part of its

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Adidas launches new share buyback as demand booms
July 16, 2021July 13, 2021 zuffaorg

Adidas launches new share buyback as demand booms

Business

Adidas will launch a new share buyback programme starting July 1 worth up to 550 million euros ($653.62 million), the German sportswear company said on

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Michael Kors owner lifts forecast on surging luxury demand after lockdowns
July 15, 2021July 13, 2021 zuffaorg

Michael Kors owner lifts forecast on surging luxury demand after lockdowns

Business

Michael Kors parent Capri Holdings Ltd (CPRI.N) raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for

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After Cairn, Devas sues Air India to recover $1.5 bln award
July 14, 2021July 13, 2021 zuffaorg

After Cairn, Devas sues Air India to recover $1.5 bln award

Business

Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against the Indian government and seize

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Freight forwarder Hellmann to use drones to beat backed up supply chains
July 13, 2021 zuffaorg

Freight forwarder Hellmann to use drones to beat backed up supply chains

Business

Leading German freight forwarder Hellmann will start using unmanned planes operated by Bulgaria’s Dronamics from next year to speed up deliveries of vital goods in

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