Day: September 5, 2020

Tough Start for New Boss of BA-Owner as Walsh Bows Out | Investing News

LONDON (Reuters) – With an enviable reputation, IAG’s CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history.

A former pilot and dealmaker, Walsh created IAG by dragging two old-fashioned flag carriers into the modern age of budget flying, taking a tough line on unions and cutting costs to build a group that for years outperformed traditional European peers.

As a key player within IAG, Gallego took the helm of Iberia in 2013 and was credited with turning the Spanish airline around. His task now will be to cut group costs while managing damaged relations with unions and politicians and stepping up the battle with low-cost Ryanair

and easyJet

.

Gallego steps into the role on Sept. 8 and said

Read More

Research Report: Industrial Wireless Automation Market (2020-2024) | Adoption of High-speed Communication Network Solutions to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial wireless automation market and it is poised to grow by $ 2.03 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?

    Increasing focus on predictive maintenance is a major trend driving the growth
Read More

JPMorgan launched a new tool to help fill 7,500 finance jobs in New York City

(Boston Globe / Contributor / Getty Images)
Thousands of finance jobs are available in New York City, and JPMorgan is trying to fill them with a new search tool.

On Wednesday, the bank and the Council for Adult and Experiential Learning unveiled BankingOnMyCareer.com, seeking to help New Yorkers find “middle-skilled” financial-services jobs. Such jobs typically require a bit more training than a high-school diploma and a bit less training than a bachelor’s degree. According to a news release, 7,500 of these jobs are open in New York City.

“We want New Yorkers to know there are thousands of good-paying job opportunities in the financial services sector just waiting to be filled by middle-skilled workers,” said Chauncy Lennon, the head of workforce initiatives at JPMorgan Chase.

Available job opportunities on the site include anti-money-laundering analyst, which pays $60,000 to $80,000 a year, and customer-service representative, which pays $28,000 to $36,000 a

Read More

AXA Hong Kong extends free ‘Cleaning and Sanitising Benefit’ to home insurance customers

TipRanks

Billionaire Ken Griffin Snaps Up These 3 “Strong Buy” Stocks

As fears of a tech bubble and stretched valuations become the talk of the town, investors are turning to Wall Street titans for guidance, namely Ken Griffin. Founding hedge fund Citadel in 1990, the firm now boasts over $35 billion worth of assets under management.As a 19-year-old sophomore at Harvard University, Griffin began trading from his dorm room with a fax machine, computer and phone. Now, the CEO of Citadel, whose net worth stands at $15.5 billion, is known as one of the Wall Street greats. Looking at the fund’s performance during the COVID crisis, it’s even more clear why Griffin has legendary status.Unlike the average hedge fund, which had a negative return of between 3-4% in the first half of 2020, Citadel’s flagship Wellington fund saw its returns land between 13-14% for the same period.Bearing this in mind,

Read More