In March, Italian Prime Minister Giuseppe Conte urged the European Union to use its crisis fund to help mitigate the devastating effects of the pandemic. Conte said that the EU should utilize the €500 billion ($539 billion) crisis fund to finance embattled nations. “The route to follow is to open ESM (European Stability Mechanism) credit […]
Italy Requests EU Crisis Fund Assistance Read More »
Since the Coronavirus hit, every day seems like Black Friday at Walmart. Our daily grind now includes shoppers emptying the shelves as if the price tags were reduced by 80%. The past weeks have been incredibly stressful for the Walmart retail crew who put their health and safety on the line for the panic-driven customers.
Coronavirus Triggered A Shopping Frenzy At Walmart Read More »
Even the world’s biggest retailer is not strong enough to stand up to the coronavirus. Walmart Inc. has decided to cut operating hours of its branches and neighborhood stores located across the US due to the coronavirus or Covid-19. During an announcement that hit the media on a late Saturday, the retail giant announced that
Walmart Reduces Store Hours Due To The Coronavirus Read More »
In January, Walmart President and CEO Doug McMillon disclosed plans to place Walmart’s supercenters at the core of its new strategy to compete against the e-commerce giant Amazon. During the meeting, McMillon shared his vision of using Walmart’s existing giant boxes to expand their online operations so there’s no need to spend on building new
Walmart Comes Up With A New Strategy To Fend Off Amazon Super Centers Read More »
A legal attempt by Michael Newdow to remove the national motto, “In God We Trust” from all U.S currency was rejected by the U.S. Supreme Court. Newdow argued on behalf of his atheist clients, that inscribing the national motto on coins and notes is an endorsement of religion by the U.S. government and should be
Supreme Court: “In God We Trust” Stays In US Currency Read More »
The Pound Sterling the current currency in England took a beating and plummeted to historical lows while the stock market hit record highs. Britons and the rest of the world are wondering if the country will enter a recession. In a historic vote last June 2016, the United Kingdom voted to leave the European Union.
How Brexit Affects The Currency Exchange Market Read More »
Walmart, the world’s biggest company in terms of revenues, has decided to diversify its portfolio further by throwing its hat into the cryptocurrency market. According to the news agency, Bloomberg, the giant retailer filed a patent for Walmart coin last 29 January. Already working within the currency transfer services with their Walmart to Walmart tracking
Will Walmart Coin Challenge Bitcoin And Libra? Read More »
Venezuela’s economy is a case study of financial mismanagement by the government. The country is besieged by rampant starvation, hyperinflation, and massive immigration. The downfall of Venezuela’s economy has its roots during the administration of Hugo Chavez and has worsened in Nicholas Maduro’s presidency. It should be noted that governments worldwide, including the United States,
Will Bitcoin Take The Place Of Fiat Currency? Read More »
Online retail giant Alibaba has thrown its hat into the money transfer business with its purchase of London-based payments and remittance servicing company WorldFirst for a reported $700M. The purchase was done through Ant Financial, the financial services arm of Alibaba. In a statement to its customers, WorldFirst officially confirmed the purchase by Ant Financial
Alibaba Buys WorldFirst For US$700Million Read More »
During a joint press conference with Italian Prime Minister Giuseppe Conte, European Commission (EC) President Jean- Claude Juncker called out Italy’s League 5 Star government for not doing more to save the Italy’s failing economy. Rising Debt In Italy In particular, Juncker called the government’s attention to Italy’s rising level of public debt. To address
EC President Calls Out Italy’s Government For Slacking On Economy Read More »
