Until now, tens of thousands of airline workers have taken temporary unpaid leaves, helped by a $600 weekly federal unemployment supplement that expires this month. That means more employees could return to payroll on Aug. 1 if a push in Washington for a second round of stimulus checks fails. … [Read more...] about ANALYSIS-Furloughs at legacy airlines could help low-cost carriers like Southwest
Congress leaders from Uttar Pradesh insisted that Ms. Vadra, as the Congress party’s in-charge of U.P., will be relocating to Lucknow as she plans to revive the party in the Hindi heartland, where it has been a fringe player since 1989 when the party had its last Chief Minister. … [Read more...] about Analysis | Priyanka Gandhi faces uphill task to revive Congress in Uttar Pradesh
ET Intelligence Group Asian Paints acquired a modular kitchen business in 2013, then a bathroom fittings business in the next year. With Covid striking, the company forayed into hand and surface sanitisers in May and has now announced the launch of floor and toilet cleaners. Is India's largest decorative paints company innovating through its foray into growth-oriented consumer businesses, or allocating disproportionate resources into unrelated segments at the expense of what is considered core? The recent business forays are largely B2C – requiring retail distribution that is different from the company’s traditional paints distribution. While the first two new businesses are service-oriented, the latest ones are branded products in a new category. Even after six years of acquiring and ramping them up, the home improvement business - comprising of the Sleek kitchen and Ess Ess bathroom businesses - contribute just over 2% to the total revenues and are loss-making. … [Read more...] about ET Analysis: Is Asian Paints innovating or piling on non-core businesses?
NEW DELHI: The current global environment is marked by huge uncertainty amid the global corona virus pandemic, tensions among major powers and consequent pressures in international institutions. The entire multilateral system is under stress and many analysts express doubts about the future of the global system. Several European leaders have expressed their concerns about the sustenance of an effective international system through these testing times. In this context strengthening multilateralism will be on the agenda when the leaders of India and EU meet for their 15th summit on July 15. The European Council has announced that the upcoming India-EU Summit is expected to reiterate their determination to promote effective multilateralism and a rules-based multilateral order. India also stated that the Summit on 15 July is expected to discuss contemporary global matters of interest to both sides. It is hoped that the Summit between the two largest democratic entities could frame their … [Read more...] about ET Analysis: India-EU should lead multilateralism & rules-based order
BATON ROUGE, La. (AP) — Gov. John Bel Edwards and Louisiana’s lawmakers spent most of the last four-year term digging out of nearly a decade of financial instability that forced deep cuts across state services, particularly higher education. Now, they appear headed back to that budget uncertainty. … [Read more...] about Analysis: Tax breaks may worsen Louisiana budget uncertainty