Business

‘Banks must rebuild capital for post-COVID-19 recovery’

Citing lessons learnt during the 2008/2009 global financial crisis, leading management consulting firm, McKinsey & Company, has said that banks globally have no choice but to rebuild their capital if they are to effectively support post- COVID-19 economic recovery. The firm stated this in an article obtained by New Telegraph at the weekend. It noted […]

Business

Apple delivers blowout earnings amid COVID-19, market shrugs off iPhone delays

  Apple Inc (AAPL.O) on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The report topped Wall Street expectations, with even long-overshadowed categories like iPads and Macs getting a boost. Shares […]

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