Pub Chain JD Wetherspoon Makes First Loss Since 1984

October 16, 2020
Founder Tim Martin blamed “ill-thought-out” COVID-19 measures for the company’s £105.4 million loss.
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Starbucks Ties Executive Pay to Diversity Goals

October 15, 2020
The new executive compensation policy comes as part of a raft of measures intended to improve diversity in the coffee titan’s workforce.
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US Reportedly Considering Sanctions Against China’s Ant Group

October 15, 2020
The world’s largest fintech unicorn could join Huawei and ByteDance on the Trump administration’s “Entity List”.
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Virgin Australia Union Ends Talks Amid Reports of CEO’s Departure

October 14, 2020
The Transport Workers Union has expressed worry that new owners Bain Capital will cut more jobs and ignore old promises.
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IBM Plans to Split Its Business in Two

October 12, 2020
The long-lived technology giant will divest of its legacy IT systems to refocus on cloud computing and artificial intelligence.
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British Airways Replaces CEO Amid Industry’s “Worst Crisis”

October 12, 2020
In the grip of a costly restructuring, the UK’s flag carrier airline has decided to replace its CEO with immediate effect.
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EasyJet Poised to Make First Annual Loss in Its History

October 8, 2020
The airline, which has operated for 25 years, approaches a definitive loss for 2020 as travel restrictions are tightened.
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World Billionaire Wealth Reaches Record $10 Trillion

October 7, 2020
The opportunities and stimulus measures resulting from the COVID-19 pandemic has drastically enriched the world’s wealthiest.
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Ikea Plans Physical Expansion Even as Customers Move Online

October 7, 2020
The furniture giant’s new CEO plans to open a record number of new stores, but with a different format from before.
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Rolls-Royce’s Stock Dive Eases

October 5, 2020
Struck hard by the COVID-19 pandemic, Rolls-Royce’s bid to make up for losses in the first half of the year sent its stock into freefall.
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Billionaire Brothers Acquire Asda for £6.8 Billion

October 2, 2020
The EG Group founders’ deal with Walmart brings the supermarket giant back under British ownership.
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Tesla CEO Elon Musk Hints at India Entry for 2021

October 2, 2020
Musk’s comments online indicated that Tesla will expand into India “next year for sure”.
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