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Global Business
Moody’s Pushes Turkey Debt Rating Down to B2
"As the risks to Turkey's credit profile increase, the country's institutions appear to be unwilling or unable to effectively address these challenges."
Global Business
Japan’s GDP Falls More Than 28%
The drop is the largest on record since 1955.
Global Business
Japan’s GDP Falls by Record 27.8% in Q2
Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.
Tax
The Prospect of Higher Taxes Could Spur Rush of Year-End PE Deals
Many PE players are starting to assess which way the political and fiscal winds are blowing and to work on getting deals done.
Mobile
Facebook Preparing To Launch TikTok Rival In U.S., 50 Other Markets
Instagram Reels launched in parts of Europe in June and is set to hit the U.S., Japan, the U.K., and Mexico next month.
Global Business
Regaining Momentum in Cross-Border Operations
Finance executives are looking beyond the turmoil created by the coronavirus pandemic and toward economic recovery and growth.
Capital Markets
JD.com Plans to Kickstart Hong Kong IPO
U.S.-listed Chinese firms are increasingly looking toward home.
Global Business
Six Priorities for Travel CFOs During the COVID-19 Pandemic
Hard-hit travel industry companies must take steps to adjust their offerings, redefine pricing strategies, and focus on maximizing customer lifetime value.
Coronavirus
Gilead Works to ‘Maximize Global Supply’ Of Coronavirus Candidate Remdesivir
"Close coordination of remdesivir manufacturing will be critical," said Gilead Sciences.
Mobile
Apple iPhone Sales Spike in China
“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
Global Business
Estimated Global Airline Losses Rise to $314B
The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
Global Business
Global Manufacturing Dives Amid Virus Lockdowns
Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
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