Wirecard scandal turns into an existential crisis

LONDON (Reuters Breakingviews) – Markus Braun’s day of reckoning turned out to be worse than seemed possible. The Wirecard chief executive’s company lost more than half its market worth on Thursday, sending its value down to 5.4 billion euros, after EY found...

Carnival sees more pain after posting $4.4 billion loss

(Reuters) – Carnival Corp (CCL.N) reported a record $4.4 billion in quarterly losses on Thursday, as the COVID-19 pandemic crippled the world’s biggest cruise operator and forced it to take major write-downs on the disposal of now redundant ships. The...

Walmart Is Now Looking to Remove All Cashiers From Stores

According to reports, Walmart is now looking to remove all cashiers from its stores. The American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores is now testing a self-checkout only structure in a...