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U.S. Penalizes 24 Chinese Companies Over Role in South China Sea

by mujair | Aug 26, 2020 | Business & Finance News

“The entities designated today have played a significant role in China’s provocative construction of these artificial islands and must be held accountable,” Wilbur Ross, the commerce secretary, said in a statement. A senior Commerce Department official told reporters...

Europe’s Big Oil Companies Are Turning Electric

by mujair | Aug 17, 2020 | Business & Finance News

“To make a switch from a global economy that depends on fossil fuels for 80 percent of its energy to something else is a very, very big job,” said Daniel Yergin, the energy historian who has a forthcoming book, “The New Map,” on the transition now occurring in energy....

After Taking a Pandemic Hit, Billboard Ad Companies See Signs of Hope

by mujair | Aug 7, 2020 | Business & Finance News

Jeremy Male is an executive in a branch of the advertising business — billboards — that took a huge hit in the spring. So he was heartened by what he saw this week on his commute from Greenwich, Conn., to his office in Manhattan. Through the windows of the Metro North...

U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies

by mujair | Aug 2, 2020 | Business & Finance News

The Paycheck Protection Program, which was created as part of a $2.2 trillion relief package signed in March, was devised to help small businesses with fewer than 500 workers cover payrolls and overhead expenses while much of the economy was shuttered. When big...

More Than 1,000 Companies Boycotted Facebook. Did It Work?

by mujair | Aug 1, 2020 | Business & Finance News

The advertiser boycott of Facebook took a toll on the social media giant, but it may have caused more damage to the company’s reputation than to its bottom line. The boycott, called #StopHateForProfit by the civil rights groups that organized it, urged companies to...
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