Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as Indias top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms.
In a statement, the Bang…
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OSAKA (Reuters) – The Osaka Corona Hotel in western Japan has been eerily quiet and empty the past few weeks.
“Our name is extremely regrettable,” Kohei Fujii, the hotel’s sales director, said with a sigh as he sat in an empty cafe in the lobby. A sign adve…
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The last few weeks have just been dreadful for asset managers. Not only have the markets tanked the past few weeks (if slightly recovered from their lows since the signing of the U.S. stimulus bill), but the daily volatility of different assets is making it v…
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March
23, 2020
4 min read
Opinions expressed by Entrepreneur contributors are their own.
Given the extraordinary global circumstances, many investors are now fearing that another recession is afoot. It makes sense, as recessions are often the result of an…
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Securitization is a critical function of the modern financial system. Banks package individual loans, say a mortgage or an auto loan, into a group with similar characteristics and sell them to other investors. That gets the debt off the originators balance sh…
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OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.
The fund is now worth $930 bill…
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A family from Peru just splashed out $27 million on eight condos in New York City to park their cash during the coronavirus pandemic, according to the Wall Street Journal’s Katherine Clarke.
The buyers, who remain unidentified, received a 7% discount for buy…
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The owner of some of Manhattan’s most recognizable office spires has abruptly stepped away from a pair of major commercial real estate acquisitions, the latest sign of the deep chill that has been cast over the city’s multi-billion-dollar real estate investme…
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As the Internet becomes more ingrained in every facet of our work and personal lives, industries that primarily rely on person-to-person interactions have started to adopt new technology. Adopting new technology allows companies to free up valuable time and r…
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WeWork has bailed on April rent on some of its locations as the beleaguered coworking space company goes into a financial spiral amid the novel coronavirus pandemic, according to a report from Bloomberg.
Citing sources at the company, Bloomberg wrote that it…
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