More than 3,300 billion USD fled the stock market
The fear of China is spreading globally, causing US stocks to have the strongest decline in the last 4 years.
Business
Interesting news about Business around the world.
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The unemployment storm is about to sweep the US aviation industry
The current support package for the US aviation industry will expire on September 30 and it is unknown when a new package will be available.
India wants to entice more than 1,000 US companies to leave China
When the US and China disagreed and the domestic economy stagnated, India launched incentives to attract businesses that wanted to move out of China.
Billion dollar empire from lipstick
Bobbi Brown’s first pink-brown lipsticks sold out when launched in 1991, helping her build her eponymous cosmetics empire, which is valued at billions of dollars today.
Apple’s profits decreased for the first time in a decade
Net profit in the first quarter of 2013 only reached 9.5 billion USD, down 2.1 billion USD compared to the same period last year, when the company still relied on its two main products, iPhone and iPad.> Apple faces economic results
Chinese businessmen are fond of racing birds
When the auction ending knock sounded, the middle-aged man appeared excited because he had won the gray-white pigeon for a record price of 2 million yuan (320,000 USD).
China’s economic stumble
Investors may have overreacted to the world’s second largest economy, but they do have reason to worry.
Business relationships in China
`In China, no matter how good you are, if you don’t belong to an organization and don’t have many friends, you won’t be able to win for long,` said a business leader.
Apple’s 160 billion USD problem
There is a huge amount of cash, but Apple affirms that there is no need for mergers and acquisitions, while investors are always urging to pay dividends or buy back shares to free up mountains of money.
World aviation could lose 29 billion USD
IATA believes that due to Covid-19, global passenger traffic will shrink and many airlines will suffer heavy losses if the epidemic lasts.
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