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ICYMI: CHICAGO, May 20, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) announced that Dirk Van de Put, Chairman and CEO, and Luca Zaramella, Chief Financial Officer, will present at the 2020 RBC Capital Markets Consumer & Retail Conference, on May 27 at 8:40 a.m. ET. A listen-only webcast will be provided at www.mondelezinternational.com and a replay of the event will also be available on the company's website.  About Mondelēz International Mondelēz International, Inc. (NASDAQ: MDLZ) empowers people to snack right in over 150 countries around the world. With 2019 net revenues of approximately $26 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.c

China, which has the world's largest military of two million troops, will continue to lower its defence budget growth rate to 6.6 per cent in 2020, according to a draft budget report presented on Friday to National People's Congress (NPC), the country's top legislature. The post China hikes defence budget to $179 billion, nearly three times that of India appeared first on Asset Management Udemy. Seoul, Korea http://dlvr.it/RX7j8m

The governor of the Bank of England, Andrew Bailey, has paved the way for negative interest rates, saying officials are actively considering all options to prop up the economy.The Bank’s base rate stands at 0.1%, the lowest level on record, so it would not take much to take it into negative territory. The UK would not be the first country to have a negative rate at its central bank – Japan and Sweden are among those that have done so.What happens to my mortgage?If it’s a fixed-rate mortgage, nothing. And most households are on this type of deal – in recent years around nine in 10 new mortgages have been taken on a fixed rate.If it is a variable-rate mortgage – a tracker, or a mortgage on or linked to a lender’s standard variable rate – the rate could fall a little if the base rate is cut. But the drop is likely to be limited by terms and conditions. David Hollingworth, of the mortgage brokers London & Country, says trackers sold very recently have in some cases had a “collar” that

ICYMI: South_agency/Getty Images The internet was outraged after a diner discovered a pizza she thought she ordered from a local pizzeria had actually come from Chuck E. Cheese. But virtual, delivery-only restaurants are more common than many people may realize, and the pandemic may be the perfect business landscape for them to take hold. Virtual restaurants usually shared kitchens with full-service restaurants, or with other virtual restaurants in a WeWork-like shared kitchen. Their lower rent and staffing costs, as well as their emphasis on delivery, make them a competitive business model in a business landscape shaped by the pandemic. Visit Business Insider's homepage for more stories. In the last few weeks, CEC Entertainment, Chuck E. Cheese's parent company, silently listed countless "Pasqually's Pizza & Wings" restaurants on delivery platforms across the country, sparking internet outrage after a diner discovered her Pasqually's pizza order cam

EVERYBODY AGREES that Jane Austen’s “Pride and Prejudice” is a love story. A truth less universally acknowledged is that it is also about money. When Mr Darcy first enters the Meryton assembly, the stir he causes owes something to his looks and bearing. But it owes a lot more to the fast-circulating report of his £10,000 a year. Darcy’s money is old money. It comes neither from commerce nor the professions, but from Pemberley, the family pile in Derbyshire. In Jane Austen’s day, wealth was measured by the yearly income it provided. The reckoning for sovereign debt was similar. Britain financed the Napoleonic wars by issuing “consols”—bonds that could not be redeemed but which, like Darcy’s estate, promised payments in perpetuity. There are now demands for consols to be revived as a means to manage the escalating fiscal costs of the coronavirus. Francesco Giavazzi and Guido Tabellini of Bocconi University have called for a perpetual-bond issue to be jointly backed by euro-zone countrie

AP Photo/Gregory Smith US home loans past due jumped by 1.6 million in April, the largest one-month gain ever, according to data from Black Knight. National delinquencies also posted a 90% increase, according to the Thursday report.  The record surge is almost three times the previous single- month record set in 2008, according to Black Knight. Read more on Business Insider.  Delinquencies on US home loans jumped by a record amount in April as the coronavirus pandemic led to massive job losses and government programs began offering payment delays without penalties.  There were 3.6 million homeowners past due on their mortgages in April, a 1.6 million increase from the previous month, according to data from Black Knight. It's the largest one-month surge on record, and brings total to the most since January 2015.  The national delinquency rate nearly doubled to 6.45% from 3.06%, the report showed. The 90% record jump is almost three times the previous single- month record set in 2008

(RTTNews) - Italian insurance group Assicurazioni Generali SpA (ARZGY.PK) reported Thursday that its first-quarter net profit declined to 113 million euros from last year's 744 million euros. Net profit was affected by 655 million euros in net impairments due to the current financial markets performance as result of the global Covid-19 pandemic. Consolidated operating result, however, grew 7.6 percent to 1.45 billion euros from 1.35 billion euros last year, thanks to the contribution from the P&C and Asset Management segments. The company noted that the first three months of the year showed a good operating performance and confirmed its solid capital position. Total gross written premiums were 19.16 billion euros, up 0.3 percent from last year's 18.87 billion euros. The results reflected positive development from the P&C segment which offset the decline in the Life segment. In the Life segment, net inflows amounted to 3.1 billion euros, down 25.2 percent. Looking ahead,