by Malik Runswick | Aug 1, 2020 | Business News
SEOUL—The leader of the mysterious church at the center of South Korea’s major Covid-19 outbreak was arrested Saturday for withholding and falsifying records, which allegedly hobbled the government’s early efforts to curb the spread of the virus. Lee Man-hee, the 88-year-old leader of the Shincheonji Church of Jesus, was questioned for more than eight hours […]
by Malik Runswick | Jul 13, 2020 | Business News
Paris, July 9, 2020Atos, a global leader in digital transformation, announce that the Biocomputing Unit at the Spanish National Center for Biotechnology (CNB), part of the Spanish National Research Council (CSIC), is using Atos’ supercomputing resource to produce a...
by Malik Runswick | May 10, 2020 | Business Economics
Intuit shares fell in after-hours trading Thursday after the tax-preparation software firm forecast revenue would decline sharply in the third quarter due to the coronavirus pandemic. Intuit said it expected revenue to fall approximately 8% to between $2.99 billion...
by Malik Runswick | May 9, 2020 | Business News
The U.S. economy shed 20.5 million jobs in April, driving the unemployment rate up to a post-World War Two high and underscoring the devastating toll of the coronavirus pandemic on the labor market. The job losses were the steepest since the Great Depression, with the...
by Malik Runswick | Apr 29, 2020 | Business Economics
HSBC, Europe’s largest bank, said Tuesday it had increased loan loss provisions by more than 400% as it anticipates “severe recession events” due to the coronavirus pandemic. The increase in HSBC’s expected credit losses (ECL) for the first quarter to $3 billion from...
