Economy 1805
Pandemic Dining: Temperature Checks, Time Limits, and Dividers
The experience of eating out in Hong Kong illustrates what it’s like to visit a restaurant right now.
4 Experts Join HPC In Vizag Leak Probe
VISAKHAPATNAM: Four more technical experts from Centre have joined the high-powered committee that has been set up to investigate the LG polymers gas leak tragedy that occured in Visakhapatnam on May
Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic
Reports lower H1 earnings, defers dividend.
Renewable electricity suppliers gaining ground
Generating capacity of independent producers is just about equal to that of an Eskom power station.
What options are available for ethical investing?
Shariah-compliant funds and ESG investment products are among the choices available to you.
Covid-19 to dent M&R earnings ‘more than 20%’
Group reports further growth in order book to R51.5bn at end-March.
Hertz files for bankruptcy after rental-car demand vanishes
Drop in used-car sales compounds financial woes.
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
Business stands behind government efforts to ease restrictions
Organised business says economic recovery will require innovation and swift action.
China accuses US of triggering 'new Cold War'
FM Wang says fast-spreading 'political virus' in US is using every opportunity to 'smear' China
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo
The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said
Job searches for remote work jump 377% during February-May
In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki
Union minister Piyush Goyal's interpretation of an 'Atma Nirbhar Bharat'
Business leaders from across sectors interacted with Union Minister for Railways and Commerce & Industry, Piyush Goyal, during the current edition of India Today's e-Conclave 2020 Jumpstart series.
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
Coronavirus crisis: All that's bad about a 'Bad Bank'
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better
Coronavirus Live Tracker: India records highest ever spike of 6,977 COVID-19 cases, 154 deaths in 24 hours
Coronavirus (COVID-19) Tracker India
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
BT Buzz: Bike rentals back in vogue as Vogo, Bounce regain 30% of pre-COVID business
To retain and sustain this demand, bike rental start-ups are emphasising on two things - one, change in business model, and the another, focus on sanitisation
Coronavirus crisis: Uddhav Thackeray snubs BJP, says no need for state economic package
Meanwhile, the CM said the "Mahatma Jyotirao Phule Jan Aarogya Scheme" of the state government will now cover all the people, provided they seek treatment in the registered hospitals
'Could have planned better': Ex-RBI Governor C Rangarajan rues migrant crisis due to lockdown
He feels provision for some kind of cash dispensation is necessary, saying the government could cut some other expenditures, perhaps towards administration or travel
Coronavirus outbreak: Govt develops 'intelligent testing strategy' to check spread across states
Indian Council of Medical Research (ICMR) is continuously scaling up its testing facilities for COVID-19 by giving approval to government and private laboratories
Coronavirus impact: Time for employers to up skill employees
For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
PNB Scam: Interpol to expedite arrest of Nirav Modi's brother
Nehal reportedly handled Nirav Modi's Twin Fields Investments and Bailey Bank and Biddle, and allegedly laundered over $100 million for his brother
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
Mumbai airport commences operations after two months; first flight departs for Pune
Domestic flights resume operations after 2 months: The first flight departed from Mumbai airport to Patna at 6:45 AM today. The first arrival flight to Mumbai departed from Lucknow at 8:20 AM. Both flights will be operated by IndiGo
IKEA launches 'Click and Collect' feature for contactless shopping
The Click & Collect service is to ensure minimal contact between the staff and customers', when the customers arrive to collect the products from the store. Currently, this facility is only available Hyderabad
Coronavirus lockdown: UPSRTC to restart operations soon, MHA nod awaited
"The start of operations and modalities will depend on the directions of the MHA and state government regarding the lockdown and its opening after May 31," he added
Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets
Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties
Life insurance firms record 45% degrowth in April, but post-COVID future bright
Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward
Over 90,000 passengers book flight between May 25-31; Mumbai, Kolkata register highest bookings
Earlier, Maharashtra, West Bengal and Tamil Nadu opposed immediate opening up of their airports in view of rising cases of coronavirus. The three states are home to some of the busiest airports in the country in terms of passenger traffic
Coronavirus news: N-95 mask prices fall 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit, but prices have been reduced after the advisory by the NPPA
371.67 lakh quintals of sugarcane procured in Hry
Haryana Cooperation Minister Banwari Lal on Sunday said that in the current crushing season 2019-20, all ten cooperative sugar mills of the state have procured 371.67 lakh quintals of sugarcane by May 21. The procurement is made after spending an amount of Rs 1262.54 crore, for which the payment
Fiscal reforms: State's borrowing to be difficult
With more stipulations to adopt several reforms, it seems to be difficult for the State Government to opt for additional market borrowing in midst of the Covid-19 pandemic. While the State Government has been undertaking several reforms on continuous basis, asking the State during Covid-19
TUCI holds rally in B'pur on workers' demand
In response to the call given by the Central Trade Unions, the Trade Union Centre of India (TUCI) staged a rally before the Joint Labor Commissioner’s office here on Saturday morning on workers' 6-point charter of demands. Among others, who supported and joined the protest include TUCI
Govt procures 110 lakh metric tonnes of wheat
Due to global pandemic Corona, this time the Government had to implement lockdown, but the hard work and the spirit of the farmers of the State was the highest this time. This is the reason that this time in the history of Madhya Pradesh, the highest number of wheat purchases was recorded. In
80% Shramik trains head to UP, Bihar
At least 80 per cent of 2,813 Shramik Special trains run by the Indian Railways are destined for various destinations in Uttar Pradesh and Bihar till May 24. Railways said nearly 60 per cent trains, originated from Gujarat, Maharashtra and Punjab, are mainly destined for Uttar Pradesh and Bihar.
Govt directs liquor shops to ensure sale of alcohol through proper scanning
After excise department observed liquor being sold at vends was not being properly scanned, the Delhi Government directed State-run liquor shops in the national Capital to ensure 100 per cent sale of alcohol through proper scanning. The excise department issued the directive after observing that
India can benefit from promoting local industries: Indresh
The National Security Jagran Manch organized National India webinar. The speaker of the event was Indresh Kumar, chief patron and mentor of Forum for Awareness in National Security (FANS). Kumar who is also national executive member of Rashtriya Swayamsevak Sangh shared his
Hindalco helps S’pur women earn living
When the Covid-19 pandemic is turning life upside down and leading to widespread job losses, a group of dedicated women in Sambalpur district have insisted on efforts in empowering themselves financially with the support of the Hindalco. These women from Hirakud have already prepared more than
Drivers resort to selling fruits and vegetables
Despite the permission of the State Government to operate public vehicles during lockdown, various e-rickshaw and auto-rickshaw drivers have taken to selling vegetables and fruits during the lockdown. While some of them said that restricted number of passengers was making it hard for them to earn
State releases SoP for domestic air travel
The State Government has released the standard operating procedures (SOPs) for operation of domestic flights set to resume from Monday. All passengers arriving will be kept under institutional quarantine. Garhwal commissioner Ravinath Raman and SDRF inspector general Sanjay Gunjyal will be
7 flights to take off from Ranchi today after 2 months
At least seven flights will ferry passengers from Birsa Munda Airport in Ranchi to New Delhi, Bangalore and Hyderabad on Monday after a lull of two months, officials from the Ranchi Airport said on Sunday. However, the schedule was likely to undergo changes as some states are not in favour of
Chandigarh Admn to follow Centre's guidelines on quarantine of passengers
Following the fresh guidelines issued by the Central Government on quarantine and isolation protocols of passengers, the Chandigarh Administration on Sunday decided to follow the Central rules. The Union Government on Sunday, in its release on domestic travel, stated that State Governments/UTs
Don’t panic or despair but observe precautions, State prepared to handle situation: Chief Secy
As anticipated earlier, the number of Covid-19 positive cases has seen a sharp rise in recent days and is likely to rise further in the coming days. However, the State Government is fully prepared and citizens should not despair. The public should observe necessary precautions and stay safe, said
MP Housing Board restarts ongoing construction works in Indore district
MP Housing Board has again started the ongoing construction works in Indore district worth Rs 200 crore. The major Housing board projects which are under construction are Rainbow towers at Snehlataganj which are 15 storey commercial and residential towers which has hundreds of shops and 3 and 4
As India resumes domestic operations partially after two months of shutdown, 82 flights cancelled on Day 1
The Centre had only allowed limited flights of about one-third capacity of the summer schedule to operate between metro cities and other destinations.
Maharashtra: War of words between Uddhav Thackeray govt and Railway Minister over ‘Shramik Special’ trains
The political slugfest over Shramik Special trains refuses to die down between Maharashtra Chief Minister Uddhav Thackeray and Railway Minister Piyush Goyal over the issue on Sunday, with the Shiv Sena chief accusing the Railways of not providing enough trains to the state despite demand.
‘Please don’t come to Goa,’ urges CM Pramod Sawant, says hotels shut
Sawant also said that most of the people arriving in Goa will either be returning to their own homes or second homes or were expected to stay with their relatives in the state.
Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari
The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.
New Zealand's Ardern stays cool as earthquake strikes during live interview
Wellington: New Zealand Prime Minister Jacinda Ardern was unflustered by an earthquake that struck the capital Wellington on Monday while she was doing a live TV interview, and calmly continued with the programme.
Renault must join French-German battery project: minister
Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.
India announces 10 additional repatriation flights from Qatar
Doha: India has announced 10 additional flights as part on the ongoing repatriation mission from Qatar. Air India and Air India Express will operate the additional flights.
Qatar, Azerbaijan to strengthen relations further
Qatar and Azerbaijan have taken many steps over the last 25 years to develop bilateral relations in various sectors. Both countries are interested in the development of economic partnership, including investment, trade and tourism cooperation, said the Embassy of the Republic of Azerbaijan, Doha.
Melon-aires not required as Japan premium fruit prices plunge
Tokyo: A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
Kolkata: MHA to send Central team to access damage caused due to cyclone Amphan
The Union Ministry of Home Affairs (MHA) will send a Central team to Kolkata, South and North 24 Praganas districts soon to assess the damages incurred due to the impact of Cyclone Amphan.
Top WR babu says SoBo store cheated him
Colaba cops recommend cancellation of store’s licence after CPRO of Western Railway and other residents complained of bill manipulation
Failed BEST bus strike disrupts MSRTC services ferrying migrants
State transport buses were called in last week to keep essential services going
Mitchell Town recreational park in Clarendon gets facelift
Residents of Mitchell Town in Clarendon joined hands on Labour Day to give a facelift to the rural community’s more than five-decades-old recreational park.
VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value
The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.
Half of UK drivers say they will walk more to maintain cleaner air after the coronavirus pandemic, survey reveals
Half of UK drivers say they will walk more to maintain cleaner air after the coronavirus pandemic, according to results of a survey by motoring association AA.
Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends
The owner of Reed has warned job losses could sweep across the country once the government's furlough scheme ends at the ends of October. More than 6m people have signed up to the scheme.
Federal government launches hotline to offer businesses advice amid COVID-19 pandemic
The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.
BMO launches online resource hubs to help clients navigate COVID-19 impacts
BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.
Rural Canadians see increased mobile download speeds over last year: report
Compared to Q1 2019, OpenSignal says rural Canadians saw up to 70 percent faster downloads and more 4G availability in Q1 2020.
J&K Govt Says Covid-19 Testing Rose By 350 Percent
Jammu and Kashmir administration said on Monday that the coronavirus testing rate has increased by 350 percent , making Union Territory number one in the country to test 10,000 people per million.
Would Modi government move towards direct cash transfers?
Merging state and central income support schemes will make Rs 5 lakh crore available to extend basic income to poor households; this will also stop leakages.
SC allows Air India to fly for ten days with middle seats filled in scheduled aircraft
The high court had on May 22 sought response from Air India and the Directorate General of Civil Aviation (DGCA) on a petition of an AI pilot claiming that the airline was not following safety measures for COVID-19 while bringing back Indians stranded abroad.
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report
About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.
With 22% returns so far in 2020, Gold ETFs could help you polish your portfolio even in trying times
Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in comparison.
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
China’s crypto is all about tracing — and power
If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters
Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.
Air India to resume operation on Kolkata-Imphal-Aizawl route from Thursday
All scheduled commercial passenger flights have been suspended since March 25 when the government imposed a nationwide lockdown to curb the coronavirus pandemic. The flights resumed on Monday.
Increased government action necessary during emergencies, duty of courts to ensure accountability: Justice DY Chandrachud
Justice DY Chandrachud said virtual court hearings cannot replace or be a substitute to physical courts as it constitutes the spine of the judicial system.
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
PNB fraud case: Interpol notice against Nirav Modi’s brother put up for public viewing again
Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime.
Dr Reddy’s Rating: Neutral — A strong performance in the quarter
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal
Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19
The big growth leap: Covid gives India the opportunity to get growth without massive investment
Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.
Succession Planning: Along with businesses, even families need to adopt, adapt to secure interests
While most UHNI individuals or families recognize the need for succession planning, not many are disciplined about it. For most, succession planning is something one pays attention to only on nearing retirement.
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
Covid-pushed business spike sends fintech ClearTax on hiring spree
At a time when most business giants are stuck in firing dilemmas, India's fintech bellwether player ClearTax is getting busier on its hiring spree.
ILO concerned over states’ move to ease labour laws, urges PM to intervene
The International Labour Organisation (ILO) has expressed ‘deep concern’ over the way some state governments are trying to modify relevant laws to ease labour regulations, and has requested Prime Minister Narendra Modi to intervene and ask states to uphold the country’s international commitments on the labour front.
Bihar, Jharkhand transfer via apps Rs 1,000 each to 21 lakh migrant workers
Faced with the challenge of providing relief to migrant labourers stuck in other states during April — before transportation became available on May 1 — Bihar has developed a mobile application (app) which could perform basic checks through Aadhaar authentication to identify genuine beneficiaries.
Venturing out in Lockdown? You may face difficulty in motor insurance claim
Although partial movement of people has been allowed in COVID-19 free areas, the lockdown has not been withdrawn completely yet.
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
AirAsia India opens domestic flight bookings for passengers; will fly to 21 destinations; details
With the announcement of resumption in domestic flight operations, AirAsia India has resumed its operations and will fly to 21 destinations in the country.
No bad bank yet: Govt plans reforms in asset recast space
The government first wants to ensure that structural reforms are initiated in the asset reconstruction space to boost the performance of existing companies.
Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4
All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
Godrej CEO: Focus to be on driving growth as margins are quite reasonable
Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 days of March.
Fandom appoints Zirca Digital Solutions as a media partner for the Indian market
Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners
Will ensure work for returning migrants: Nitish Kumar
Nitish Kumar's comments come as lakhs of migrant workers return to Bihar amid the coronavirus lockdown. He said there are ample opportunities in the textiles, shoe, bag, furniture and bicycle industries in the state.
CBIC clears Rs 11,052 cr GST refund claims since April 8
The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.
HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online
As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.
Income Tax Saving: How your spouse can help you save taxes
Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.
Uddhav Thackeray and Piyush Goyal engage in a bitter war of words over Shramik Special trains
Shramik Special trains news, Shramik Special trains schedule: Uddhav Thackeray said that while he had demanded 80 migrant Shramik Special trains per day, it was getting only 40.
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19
EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.
All you wanted to know about tax deductions in times of Covid
Only employer can decide to cut TDS later in the year
Want to buy car or bike for social distancing? These points will guide you
A recent survey by Capgemini’s Research Institute shows that 57 per cent of Indian consumers are considering a car purchase to avoid future public transport.
‘No need for state economic package to tide over COVID crisis’: Uddhav Thackeray snubs BJP demand
Maharashtra Corona Update: Maharashtra Chief Minister Uddhav Thackeray has rejected the opposition BJP's demand for a package from the state government to tide over Coronavirus-induced crisis.
Brand loyalty no more? Regional brands take larger pie in times of Covid
Local products gain market share as bigger FMCG companies struggle with supply chain issues
Resumption of domestic flights to help in reviving aviation industry: SOTC Travel
The resumption of domestic passenger flight services after a gap of two months is a favourable move in reviving the aviation sector, SOTC Travel said on Monday.
Tasty pursuits! What consumers are turning to when restaurants are shut
The demand for snack items is up, but can manufacturers keep up?
Cyclone Amphan: Sporadic protests continue over restoration of power, water supply in West Bengal
The cyclone had blown away electric poles, damaged transformers and uprooted trees that fell on electric wires, disrupting power supply in several parts of the state, including Kolkata.
Coronavirus upside: 70% fall in crime in western Uttar Pradesh in April, says report
Western Uttar Pradesh has reported a sharp fall in crime in April compared to the corresponding period last year.
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
Coronavirus lockdown: India Post to home-deliver fruits in some Bihar cities
The partnership has been forged to address the woes of litchi and mango cultivators in the state due to the lockdown to contain the spread of coronavirus.
CREDAI writes to PM Modi, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis
NNPC lists parameters for employment, career progression; makes new top appointments
Explaining the parameters, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the basic academic requirement for newly employed Graduate Trainees in the corporation is a minimum of a Second-Class Upper Division or an Upper Credit for Higher National Diploma certificate holders
Outdoor markets and car showrooms can open next week in England
Boris Johnson announces other non-essential retail premises can reopen in three weeks
BA planning to rehire sacked staff on worse terms, union says
Unite accuses airline of using coronavirus crisis as cover for betraying its workforce
India resumes domestic flights amid confusion over Covid-19 rules
Individual states apply varying coronavirus restrictions – from 14-day quarantine to case-by-case assessment of symptoms
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
Moody's revises outlook on Adani Abbot Point Terminal's rating to stable
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor
New Zealand's media firm Stuff to be sold for a single dollar to its CEO
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists
UK's Sunak authorises bailout to rescue strategically important companies
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs
he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
Lufthansa, German govt agree on rescue package amid travel slump: Report
Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid
Lockdown hinders construction of road to Chhattisgarh's Maoist hot spot
Security forces had taken up the 35-km road project on a war footing, at least three CRPF camps had been set up on the stretch to create a security blanket for workers engaged in its construction
Wheat procurement surpasses last year's level of 34.1 MT despite hurdles
Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year
Boost for zero-emission sources as global capital backs Indian solar power
The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent
PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari
The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days
Nissan, Renault to disclose plan to slash production due to Covid shutdowns
The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022
Goa makes Covid-19 negative certificate mandatory for people entering state
The Chief Minister said that Goa is the only state to conduct 13,000 Covid-19 tests on all the people who have entered the borders
Flight resumption paves way for Parliamentary committee meetings in June
Monsoon session of Parliament likely to be on schedule, though social distancing challenges remain
Notifying only 41 Shramik trains for Maharashtra for now: Piyush Goyal
The minister said that the Maharashtra government has provided a received list of only 46 trains, out of which five are to West Bengal and Odisha
Over 500 flights take off, but states create plane confusion at airports
Maharashtra clears air, says short-term visitors exempt from isolation
Germany set to take Lufthansa stake in landmark $9.8-billion bailout
The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.
SC allows AI to run int'l flights with middle seats filled for 10 days
The top court said that after June 6, Air India will operate its non-scheduled flights in accordance with the interim order to be passed by the Bombay High Court
Punjab, MP lead the way as wheat procurement tops last year's level
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
Domestic air travel resumes with confusion at airports, cancelled flights
Chaos will make it even harder for airlines to recover from the impact of a two-month lockdown to contain the coronavirus, said analysts.
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
Bengaluru airport introduces 'contactless journey' to contain Covid-19
According to the BIAL, the features include pre-entry process, where the passengers have to wear masks and carry e-boarding or printed passes
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission
Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
UP maps migrant skills, aims to clones textile story of Vietnam, Bangladesh
Over 12,000 workers found to be trained in garment making and tailoring so far; more than 2.3 million have returned to UP from different states
Railways operated 3,000 Shramik trains to send migrants home: Piyush Goyal
The Railways Minister urged the states to cooperate with his Ministry to help the workers
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20
Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number
Letter to BS: India can play a key role in the post-Covid world
For that to happen, India has to carry out fast-paced economic reforms and significantly increase its economic might
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
Nasscom for policy tweak to enable longer work-from-home scenario
Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.
States need to ask for permission if they want UP workers back: Adityanath
As per feedback received from migrant workers who reached Uttar Pradesh, Adityanath said safeguarding their rights should get utmost attention and importance
Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief
In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive
Realtors body Credai write to PM seeking more funding, loan restructuring
The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year
Top 10 biz headlines: Slowdown blues, coronavirus lockdown impact, and more
Here are the top 10 headlines on Monday morning
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Lockdown 4.0: Flight attendants back to duty as domestic services resume
Domestic flight operations resumed across the country from today except in Andhra Pradesh and West Bengal, after two months of suspension
Rajasthan govt withdraws order increasing daily working limit to 12 hours
Congress-ruled Rajasthan was the first state to increase the working hour limit to 12 hours from 8 hours through an order issued on April 11
Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding
In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later
Day 1 of flights resumption: Airlines walk an extra mile to ensure safe ops
Domestic operations were suspended on March 24. While cargo and relief operations are underway, a majority of aircraft had to be maintained in proper condition.
Vizag gas leak: Andhra Pradesh HC directs to seize premises of LG Polymers
"The premises of the Company shall be completely seized and no one will be allowed to enter including the Directors of the Company," the Court directed
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
Govt asks RBI to remove sugar from negative list as virus hits consumption
Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears
NCLAT quashes NCLT order making MCA a party to all IBC proceedings
Allowing the plea filed by the MCA, a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".
Sieze LG Polymers premises, Andhra HC orders over Vizag gas leak case
The premises of the company shall be completely seized and no one be allowed to enter into the premises, including the directors of the company, the court said
India has surplus capacity, may allow export of masks in a week: Sources
Exports of personal protective equipment (coveralls) may be considered next as far as export curbs go
International flights to Greece will only land at Athens Airport until June 30
The Hellenic Civil Aviation Authority (CAA) extended the notice to Airmen (NOTAM) that states all international flights to Greece will only land at Athens
Greek silversmith Sotirios Voulgaris created the world-famous BVLGARI brand
BVLGARI is a world leading luxury brand known for its fine jewellery, watches, fragrances, accessories and leather goods.
IKEA is opening “urban concept store” in Piraeus
Popular Swedish furniture and houseware retailer, IKEA, will open its first "urban concept store", in the centre of Piraeus.
Fresh air will be a hot amenity in reopened offices — if companies can afford it
Not long ago, office landlords competed for tenants by advertising spacious roof decks and fancy exercise rooms.
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality
The housing market scene might soon resemble more of a hospital and less of a home but Lehigh Valley real estate agents say these measures are going to be crucial moving forward amid the COVID-19 pandemic.
Corporate governance: SBI weighed down by its own laws, says IiAS
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
Uddhav Thackeray vs Piyush Goyal: War of words erupts between Maharashtra CM, Railways minister over Shramik trains
In his address to the state on May 24, Maharashtra Chief Minister Uddhav Thackeray said that while he had demanded 80 special trains per day for the state to ferry migrants home, it was getting only 40.
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
Heatwave sweeps several Indian states, may subside from May 28, says expert
With temperatures surpassing the 45 degrees Celsius-mark across several parts in north India, the IMD has issued a
Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore
The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.
Shares in depository account can be used as margin till August 31: SEBI
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.
Buy VST Industries; target of Rs 4000: ICICI Direct
ICICI Direct is bullish on VST Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 22, 2020.
Donald Trump says he has finished taking hydroxychloroquine as coronavirus therapy
Trump was addressing his disclosure last week that he was taking hydroxychloroquine and a zinc supplement.
Buy Colgate ; target of Rs 1520: Motilal Oswal
Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.
Toyota Kirloskar Motor to resume manufacturing operations from May 26
The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.
Productivity over meetings: Survey reveals what developers want to be more productive at work
During the survey, when developers were asked what they would need to achieve 100 percent productivity at work, 70 percent of developers opted for fewer meetings.
CBIC clears Rs 11,052 crore GST refund claims since April 8
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
Buy Essel Propack; target of Rs 200: Motilal Oswal
Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.
Transfer Rs 1,000 to each Indian per month: Abhijit Banerjee and Esther Duflo suggest Centre
Esther Duflo said India was already in a position to start universal basic income quickly as it had the Jan Dhan accounts-Aadhaar-mobile system in place.
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Avoid low-interest COVID-19 personal loans, unless strapped for cash
This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals
Coronavirus pandemic | Lockdown extended in Himachal Pradesh's Hamirpur, Solan districts till June 30
Hamirpur has reported the highest number of COVID-19 cases at 63 while 21 people have tested positive for the infection in Solan till now
Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%
Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
Startup Livspace lays off 450 employees on adverse business impact from COVID-19
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles
Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.
Resumption of flights: It's chaos for passengers
Most of the complaints are from Air India passengers
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
CSMIA operates 47 flights to 14 destinations on May 26
These 47 flights were undertaken by seven domestic carriers, Mumbai International Airport Ltd ( MIAL) said in a statement.
Old-fashioned milkman makes the rounds as US shoppers stay home
South Mountain Creamery says it saw an almost tenfold increase in new home delivery customers over a single weekend in late March when stay-at-home measures due to the COVID-19 pandemic started in the region.
Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore
The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
Domestic aviation resumes: 532 flights operated, 39,231 passengers flown on Day 1
The first day was marred by cancellations, and customer complaints
Chinese tech giant criticises US for 'politicising business'
The new measures announced on Friday expanded a US campaign against Chinese companies Washington says might be security threats or involved in human rights abuses.
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
HomeCapital gets fresh funding from Varanium NexGen, others
Startup helps homebuyers with a down payment assistance programme
Chaotic Sunday forces customers, airlines to re-draw plans for flight resumption
Constant changes in schedules and confusion over protocol underline the chaos over resumption of flights on May 25
New Zealand's PM Ardern stays cool as earthquake strikes during live interview
New Zealand Prime Minister Jacinda Ardern was unflustered by an earthquake that struck the capital Wellington
Bata India Q4 net profit down 57% to Rs 38 crore
The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.
Thousands without power in Western Australia after once in a decade storm
Wind speeds of up to 132 km/hour (82 mph) were registered at Cape Leeuwin, one of the state's most south-westerly points early on Monday, the strongest May gusts in 15 years, according to the Australia Broadcasting Corp.
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
Prices of N-95 masks down by up to 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.
Buy Strides Pharma Science; target of Rs 421: ICICI Securities
ICICI Securities is bullish on Strides Pharma Science has recommended buy rating on the stock with a target price of Rs 421 in its research report dated May 21, 2020.
BSE, NSE shut today on account of Ramzan Id
On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.
Food prices go up in West Bengal due to Cyclone Amphan
The cyclone has hit supplies and prices of most vegetables have spurt by 20 to 30 percent and will soar further, vendors said.
PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again
Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime, the officials said.
Pandemic has increased money anxiety. Therapists hope to cure that
Interest in financial therapy rose after the 2008 recession, as Americans confronted their fears about money. The field has become relevant again, professionals say
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
Tech revolution: Human touch will be irreplaceable in financial services
With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.
If states want UP migrant workers back, they have to seek permission: CM Yogi Adityanath
As per feedback received from migrant workers who reached Uttar Pradesh, Adityanath said safeguarding their rights should get utmost attention and importance.
India user base grew 120%; focus on developing culturally relevant products: Snapchat
Snap Inc Managing Director (International Markets) Nana Murugesan said the company has been expanding its team in India
Heatwave likely to abate only after May 28; Dust storm, thunderstorm expected on May 29-30: IMD
Delhi, Rajasthan, Haryana, Punjab and parts of Uttar Pradesh have been experiencing blistering heat for days with temperatures soaring over 45 degrees Celsius in some places.
Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline
Ethereum's poor performance against BTC has spilled over into its USD pair as well, causing it to flash some notable signs of weakness.
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
How the 2020 US Presidential Election May Be Keeping Bitcoin At Bay
Bitcoin's next rally may not occur until after the 2020 United States Presidential Election takes place in November of this year.
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use
Sberbank is buying contactless blockchain-powered ATMs. This comes after a bill was proposed to penalize companies that use crypto.
Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900
Bitcoin has seen much of its recently incurred technical strength degrade over the past 48 hours, and one analyst is now targeting $5,900
Maintenance process set in motion at Jubilant Generics
90 employees called to work today to prepare machines for drug production Mysore/Mysuru: Nanjangud-based Jubilant Generics, an extended arm of Jubilant Life Sciences, has been preparing to start operations. The company which was shut due to COVID-19 will resume operations soon with the guidelines by Indian Council for Medical Research (ICMR). The State Government has...
The US Is Close To Losing A Major Asian Ally Amid Warnings Of A ‘Cold War’ With China
In an alarming move on the international level, the Philippines has begun allying themselves with China, despite the country’s longstanding position as the United States’ oldest Asian ...
Huawei announces CableFree, a new breakthrough in 5G Antenna technology
Earlier this week, Huawei announced a new breakthrough in its 5G networking field. The company unveiled CableFree, which is a new antenna design for its 5G base stations. The new development has improved various aspects regarding the 5G base station antennas. Its radiation efficiency, integration, and power capacity have been upgraded, marking a new stage …
Samsung sends 300 additional workers to expand its chip unit in China
The South Korean tech giant, Samsung, has sent an additional 300 workers to China for the expansion of its chip unit in the region. These workers will aid in the completion of the second chip manufacturing site in the country, despite the ongoing Coronavirus pandemic. Previously, Samsung Electronics had already sent 200 engineers to the …
Salons may reopen soon, but health measures must be in place
Barbershop and salon employees show that they can safely cut hair by wearing protective wear. The government, however, is still assessing the risks.
Hong Kong police embrace China's security law plan
The statement is part of a flurry of coordinated messages from the city's different security services embracing the law
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
China media seize on video of Hong Kong protesters beating lawyer
Video shot on Sunday shows a man with blood on his face scrambling to escape some half a dozen protesters who were kicking and hitting him with umbrellas
Russia's Aeroflot reports 95% passenger drop in April 2020
Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020
[ANALYSIS] Why make the poor pay for the coronavirus response?
'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'
'It's kind of glum': U.S. farmers worry as crop prices dip
American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic
Mindanao's trademark abaca paper is now a face mask
Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks
German gov't to climb aboard at Lufthansa in virus rescue
(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.
BDO tops initial list of top taxpayers in 2019
A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers
Filipina domestic worker commits suicide in Lebanon – embassy
Her death comes days after a rights group complained about the shelter she was in
Private hospitals’ group asks Duterte to replace Duque as health chief
The Private Hospitals Association of the Philippines says PhilHealth, which is chaired by Francisco Duque III, has given hospitals the runaround when it comes to reimbursements
Virus-hit Fiji Airways cuts workforce by half
Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%
Americans Are Rushing To Book Vacations In Re-Opened States
The uptick is also good news for the states, as taxes from these rentals can be a large revenue source for states
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Ministry discloses updated Egyptian petrochemicals plan 2020-2035
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
3rd batch of US locomotive to arrive Alexandria in June
The third batch of 20 U.S. locomotive will arrive at Alexandria Port after Eid al-Fitr vacation, at the beginning of June.
Hertz car rental company has filed for bankruptcy
As a result of the COVID-19 pandemic, the Hertz car rental company files for bankruptcy protection
Karnataka govt allows exemptions for ministers, airlines crew from quarantine norms
Airlines crew who are on official duty and any person holding a negative COVID-19 test certificate would also need not undergo the mandatory seven days institutional quarantine stipulated in the standard operating procedure (SOP) issued on Friday for inter-state passengers coming from states with high number of corona
PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again
A Belgian citizen, Nehal Deepak Modi is wanted by the Central Bureau of Investigation (CBI) in a case of alleged fraud committed by his elder brother, Nirav, in the Punjab National Bank (PNB), they added. Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged
5-year-old flies alone from Delhi to Bengaluru, meets mother after 3 months
As domestic flights resumed across the country after two months because of the coronavirus lockdown, a little boy in Bengaluru airport carrying a 'special category' ticket was among the most loving sights of the day.
India maintains aggressive posturing against China’s moves at LAC
Chinese military is fast increasing its troops in areas around Pangong Tso lake and Galwan Valley along the Line of Actual Control in Ladakh, sending a clear signal that it was not ready to end its confrontation with the Indian Army anytime soon, people familiar with the situation in the disputed region said.
Domestic flights resume after two months; many say flights cancelled without notice
Domestic passenger flights resumed in India after a gap of two months and the country will see around 600 services on Monday.
Domestic air travel resumes in India after 2 months, 630 flights cancelled
According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre''s Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.
Worry about citizens, not airlines: SC pulls up govt on middle seat bookings
The Supreme Court has pulled up DGCA India and Air India for allotting middle seats in international flights. It has said that the government should be worried more about health of citizens than the health of the airlines.
Cyclone Amphan: Kolkata residents continue to stage protest to restore power, water supply
Protests continued in parts of the city over restoration of electric and water supply five days after cyclone Amphan wreaked havoc in the city. However, the state Home Department on Sunday said that power had been restored in several areas of Kolkata.
Bengaluru, Chennai among 4 role model cities in handling COVID-19
Bengaluru, Jaipur, Indore and Chennai have been identified by the Centre as possible role models for other cities in handling COVID-19.
Govt releases Rs 1,000 Cr to West Bengal; central team to visit soon to assess cyclone damage
As announced by the prime minister after his aerial survey and review of the relief efforts with West Bengal Chief Minister Mamata Banerjee, a sum of Rs 1,000 crore has already been released to the state government, an official statement said. The Ministry of Home Affairs will be sending a team to the state soon to ass
States wanting migrants from Uttar Pradesh will need to seek permission from UP govt: CM Yogi Adityanath
Facing flak from different quarters over the plight of the migrant workers returning home from other parts of the country, Uttar Pradesh Chief Minister Yogi Adityanath, in an apparent bid to douse
How to build an emergency fund
The financial problems caused by the pandemic has made everyone realise the importance of maintaining an emergency fund
Asia stocks mostly up on coronavirus lockdown easing but Hong Kong extends losses
Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at
Need to convert development into mass movement: NITI Aayog's Rajiv Kumar
There is a need to convert development into mass movement, and India should aspire to become second or third largest economy in the world by 2047, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
Hong Kong police embrace China's security law plan
Hong Kong's security chief on Monday welcomed China's plans to impose a national security law on the financial hub, saying it was needed to defeat "terrorism" and calls for independence. Beijing
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl. Compared to
Mandatory COVID-19 test at Chandigarh airport for all travellers bound for Punjab
With the Centre resuming domestic flight services from May 25, the Mohali district administration said on Sunday that all air travellers bound for Punjab shall be tested for COVID-19 upon their
Amphan damages nearly 3 lakh hectares of farmland in Bengal
Cyclone Ampan has dealt a severe blow to the agriculture sector in West Bengal. The storm damaged nearly 3 lakh hectares of farmland in the state. Bengal is now staring at a huge financial loss in
Interpol notice against Nirav Modi's brother put up for public viewing again
The Interpol has placed the Red Corner Notice against fugitive diamantaire Nirav Modi's brother Nehal in public view again, after he recently lost an appeal against its issuance by the international
COVID-19: CREDAI writes to PM, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has
States wanting migrants from Uttar Pradesh may soon need to seek permission as CM Yogi Adityanath moots 2-point strategy
In a two-pronged strategy to secure migrant workers, the Uttar Pradesh government has decided to set up a Migration Commission for employment of such labourers in the state and made it clear that any
215 slots ready from Bengaluru's KIA
The Kempegowda International Airport (KIA), the country’s third busiest, will resume domestic flight operations on Monday with slots opened for a total of 215 Air Traffic Movements (ATMs) — 108 departures and 107 arrivals.
SC to hear Centre, Air India's plea against Bombay HC plea seeking response on safety norms
The Supreme Court is scheduled to hear on Monday an urgent plea by the Centre and Air India against the Bombay High Court seeking their responses in a plea for not maintaining adequate safety measure
Sporadic protests continue over restoration of power, water supply in cyclone-hit Bengal
Sporadic protests over demands for restoration of power and water supply continued in several cyclone Amphan-hit parts of West Bengal for the fifth consecutive day on Monday while normalcy has
MMRCL to set up two COVID-19 care facilities
Amid the rising number of coronavirus cases in the city, Mumbai Metro Rail Corporation (MMRCL) said it is setting up two COVID care facilities. MMRC on Sunday said it is constructing two COVID care
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
Coronavirus lockdown: First flight arrives in Jaipur from Bengaluru
After the restart of domestic flight operations, the first aircraft arrived at the Jaipur airport from Bengaluru on Monday morning. The Air Asia flight with 23 passengers on board landed at 0830 hrs,
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
Oil falls as US-China tensions take toll
Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing's plans to impose security laws on Hong Kong and the possibility of sanctions from
Some business risks can be prepared for in advance
Corporates will now need to fast track learning from pandemic-enforced disruptions too
Chinese expats deliver 1,000 ‘love packages’ to UAE workers
Community gathers round to help those affected by pandemic in Deira
New face of banking: Millennials prefer robot bankers to humans
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
UAE Exchange Centre starts refunding customers - but many still wait for their money
Many transactions had been delayed for two months as company seeks a way out
Air India allowed to operate non-scheduled foreign flights with middle-seat booking
Bombay High Court had directed to keep these seats vacant on international flights
COVID-19: Saudi Arabia enters new phase in virus war
Commitment is the key to safety, says minister
VW owners in Germany can claim damages, court rules
Court rules against carmaker for selling vehicles with manipulated diesel engines
COVID-19: India air travel restart sees chaos and cancellations
New restrictions at airports force airlines to scramble revised schedules
Eid movement restrictions reported in Al Quoz and Dubai Investment Park
Healthcare professional confirms circular, sources also report road closures
Sportscar brand Aston Martin could see AMG chief come in as CEO
Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time
CEO buys ailing New Zealand media giant Stuff Limited for one dollar
Boucher joined as a reporter in 1993 and has spent most of her career at the company
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Lenovo promises to up PC building to meet working from home demand
Employees will continue to work from home after the crisis is over and Lenovo is preparing to meet increased demand for PCs.
Here's why you still can't find a webcam anywhere you look
Increasing number of companies asking staff to work from home has led to shortage of office supplies and computer peripherals.
Argos online bank holiday sales: today's best home, garden and tech deals
We're bringing you all the very best Argos online bank holiday sales, deals, discounts and much, much more.
Thousands without power in Western Australia after once in a decade storm
Emergency services began cleaning up in Perth on Monday as wild weather downed trees and left around 50,000 citizens without power
Hong Kong security chief warns of growing 'terrorism'
More than 180 people were arrested on Sunday as authorities fired tear gas and water cannon to disperse pro-democracy protesters
Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses
Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law
New Zealand's largest media company being sold for just $1 to its CEO
Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge
Under strict rules, India resumes domestic flights after two months
West Bengal urged government to postpone resumption of passenger flights to Kolkata as it focuses on rescue work of Cyclone Amphan
New 'ShopKiwi' website encourages shoppers to support local businesses
The website offers free sign-up for NZ owner-operator businesses.
Government’s ‘Job Maker’ plan to be revealed today
The Prime Minister is today expected to unveil plans of the new ‘Job Maker’ program, as part of plans to reignite the Australian economy. The program will encourage small, medium and large businesses…
South African taxpayers to pay for ban on cigarettes and alcohol: expert
The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.
Here’s how much Curro’s new online school costs – with applications now open
Curro Online, the new offering from private school group Curro, will go live in mid-June with applications open to all from Monday (25 May).
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
New push to allow South Africans to access their retirement funds during coronavirus lockdown
Trade federation Cosatu has submitted an urgent request to Finance minister Tito Mboweni, to allow workers to access part of their retirement fund savings for coronavirus financial relief.
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.
These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.
4 More Oil Stocks That Could Go Bankrupt in 2020
These oil companies are on a slippery slope.
3 Travel and Tourism Stocks Poised for a Bull Run
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game
A war of words over COVID-19 could have far-reaching repercussions.
3 Stocks to Supplement Your Social Security Income
Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
3 Stocks to Buy and Hold for Decades
Great businesses can allow you to compound your wealth over the decades.
Probe Dangote’s human right abuses in coal mining communities, group tells FG
GIFSEP asked the FG to probe reported human right abuses on coal mining communities, particularly attributed to the Dangote Coalmine in Kogi.
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
COVID-19: Underground production to remain halted at AngloGold’s Mponeng Mine
The gold miner announced on Sunday that 164 workers tested had positive for COVID-19 at the operation.
Trump bars travel from Brazil, a new pandemic hotspot: White House
Non-Americans who have been in Brazil in the 14-day period prior to when they seek admittance to the US cannot come to America, said White House press secretary Kayleigh McEnany. Trade is not affected by the new rule.
Germany's top court to rule on compensation for VW diesel cheating
In an early May hearing, judges at the Federal Court of Justice (BGH) said there was a chance for at least partial compensation for some VW buyers, saying they had indeed been harmed by purchasing a manipulated vehicle.
Japan set to lift coronavirus emergency as cases slow
Compared to hard-hit areas in Europe, the United States, Russia and Brazil, Japan has been spared the worst of the pandemic, with 16,581 cases in total and 830 deaths.
Over 200k workers could lose their jobs in WC due to COVID-19 - Treasury
The provincial Treasury Department head David Savage said of the over 200,000 job losses predicted, several came from the tourism industry.
Tiger Brands looking at 'significant' job losses as it counts cost of pandemic
Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.
SAA's BRPs granted leave to appeal decision to halt retrenchment process
The BRPs and SAA then argued that there was a reasonable prospect that the facts would receive a different treatment by the Labour appeal court and leave to appeal has now been granted.
Rand steadies, stocks open lower
At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.
Companies must adhere to strict health, safety protocols - Ramaphosa
The president warned that the risk of a massive increase in COVID-19 infections would be greater as the economy opened up and millions of more people returned to work.
Venezuela celebrates docking of tanker with Iran gasoline
The first Iranian ship to arrive is trailed by four other tankers. The shipments, however, only carry enough fuel for two or three weeks, analysts say.
Telstra powers up 5G footprint as new spectrum comes into picture
Telstra is running ahead of schedule on building out its 5G network, with the telco saying it has extended its coverage to 47 cities across Australia.
The $2.7b gamble: Quibi could be the costliest flop in history
It's absolutely rolling in A-list talent but Quibi looks set to be one of the most expensive misfires in history.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
No crying over spilt milk as advisers focus on Virgin bid
Jayne Hrdlicka could be Virgin's next CEO or chairman if Bain is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Universal basic income – an idea whose time has come
‘There’s nothing more powerful than an idea whose time has come,’ said Victor Hugo. This quote helps us understand the growing calls from all spheres of society worldwide for the introduction of a universal basic income (also known as a basic income grant).
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.
Bankers Stay Home as South Africa Inc. Prepares Return to Work
Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week.
UK to reopen thousands of shops in easing of coronavirus lockdown – Johnson
LONDON, May 25 (Reuters) - Britain will reopen thousands of high street shops, department stores and shopping centres next month, Prime Minister Boris Johnson said on Monday, setting out a timetable for businesses as part of moves to ease the coronavirus lockdown.
Lottery throws millions more at dodgy projects
The National Lotteries Commission has refused to disclose its beneficiaries. But we found them. By Raymond Joseph and Anton van Zyl
SA Express liquidators seek more powers for asset sales to free up cash
Liquidators might launch a court application for the extension of their powers so they can sell SA Express assets, cancel aircraft leases and solicit or assess bids for the airline by potential buyers. The powers would enable them to free up cash to pay the airline’s creditors, who are owed more than R2.5bn.
Is deflation set to become Economic Enemy No 1?
Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.
South African public-sector wage dispute moves to arbitration
JOHANNESBURG, May 25 (Reuters) - Early attempts to resolve a wage dispute between the South African government and public-sector trade unions have failed and the dispute will now move to arbitration, according to the bargaining chamber where such wage disputes are heard.
Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand
Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.
China's pork imports in April jump 170% to record high
BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
Japan's Uniqlo to make masks using underwear fabric
TOKYO — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.
Air New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
China's Great Wall expects mild domestic auto sales growth in H2
BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.
With these tools, you can have productive meetings just like these Fortune 500 CEOs
If you want to take your organization's meetings to the next level, listen to these Fortune 500 CEO's.
Beijing Warns Americans Are Pushing Countries Toward ‘New Cold War’
(Bloomberg) — The U.S. should give up its “wishful thinking” of changing China, Foreign Minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
Mexican auto industry groups urge Puebla state to allow operations to restart
MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Abe's 'own goals' slash support rates even as coronavirus emergency to be lifted
TOKYO — A string of controversial missteps has slashed Japanese Prime Minister Shinzo Abe’s support to levels that could threaten to end his term early, even as he prepares to lift a state of emergency after the rate of coronavirus infections declined.
California opens places of worship, in-store retail businesses -health officials
California retail with in-store shopping and places of worship that were closed under one of the most restrictive coronavirus containment rules in the United States may now open, health authorities announced on Monday.
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
Japan to end Tokyo's state of emergency, eyes fresh $930 bln stimulus
TOKYO — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.
Nissan and Renault shelve merger plans to repair their alliance - sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
China's 'hermit' investors fill doubled oil storage with crude bet
SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.
Taiwan promises 'necessary assistance' to Hong Kong's people
TAIPEI — Taiwan will provide the people of Hong Kong with “necessary assistance,” President Tsai Ing-wen said, after a resurgence in protests in the Chinese ruled territory against newly proposed national security legislation from Beijing.
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
Mexican Power Utility Wants Immediate Price Hike for Rivals
(Bloomberg) — Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share.
Steelworkers Union Praises NDP Victory in Securing Paid Sick Leave Commitment
TORONTO — The United Steelworkers (USW) union is praising the New Democratic Party for securing a commitment from the federal government to ensure two weeks of paid sick leave for workers across Canada.
Iranian tanker docks in Venezuelan port, domestic refining rises
VALENCIA — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.
Trudeau says he’ll seek 10 days of paid sick leave for all workers
Liberals will also work on other long-term measures to make it easier for workers to stay home when they're ill
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
CEO buying struggling New Zealand media company for NZ$1
One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.
Economic shock from COVID-19 to lead to higher indebtedness, Poloz says
Canada's response to the COVID-19 pandemic will 'clearly lead to higher indebtedness' once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.
The Gold No-Brainer
What Eric Fry is seeing as the four catalysts pushing gold's price higher. Make sure your portfolio has exposure to the yellow metal now.
Germany’s highest court rules VW should offer Dieselgate compensation
Thousands of motorists can now claim damages from the carmaker.
‘Hard to See’ Hong Kong Remaining the Asian Financial Center if China Takes Over
Sunday on NBC’s “Meet the Press,” White House National Security Adviser Robert […] More
Elumelu to lead Senegal, Liberia presidents, others at UBA Africa Day forum
Senegal President Macky Sall, Liberia President George Weah and United States Senator Chris Coons will be part of a High-Level Leadership Panel....
Group to Buhari: punish breach of Procurement Act in NDDC
A non-political pressure group, the Global Forum for Accountability and Transparency, Nigeria, has urged President Muhammadu Buhari to..
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base....
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
New cases overstretch Oyo Isolation centres - The Nation Nigeria
Oyo State Government is currently facing a new challenge of managing Coronavirus spread as the number of positive cases has exceeded ..
Nigeria's GDP grew by 1.87 per cent in Q1 - The Nation Nigeria
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87 per...
Edo power sector opens for competition - The Nation Nigeria
With the completion of the installation of 33KVA lines and a sub-station at the Edo State Secretariat complex, the much-awaited 55MW CCTEC-Ossiomo...
Testy moment for Ministry of Agric - The Nation Nigeria Newsa
The jobs were signed, sealed and delivered by the contractors. They expected their contracts’ sums to be released to them. But, some two years later..
Buhari's eid-il-fitri address on food production confirms Prophet T.B. Joshua's prophecy
President Muhammed Buhari 's Eid-il-Fitri message to farmers to produce more food for the country has confirmed a prophecy made by Prophet Temitope...
Food sufficiency: Buhari 'echoes TB Joshua's call on agriculture'
President Muhammadu Buhari has urged farmers to double efforts towards helping the country attain food sufficiency.Speaking on Sunday..
Analysis: Smart grid facilitates grid flexibility and resilience
Change in electricity consumption patterns during lockdown has put grid resilience to the test but grid flexibility is currently coping with demand shifts.
Pan-African businessman completes 100kW solar mini-grid in Zimbabwe
Philanthropist Strive Masiyiwa has completed a 100kW solar power project at Ndolwane in Bulilima district, through his ‘Re-Imagine Rural’ initiative.
“City of darkness” no longer – AfDB supported electricity project lights up Juba
The $38 million Juba Power Distribution System Rehabilitation and Expansion Project is almost completed according to a release by the AfDB.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
Africa’s energy potential can create opportunities amidst COVID-19
The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.
Algeria announces 4GW plan to grow solar capacity ten-fold by 2025
Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
Cities and the coronavirus
Economic revival strategies and welfare measures must keep the urban dynamics and complexities in mind
Rural job crisis ‘deepens’
Unemployment rate increases to 25 per cent from 22 per cent
MGNREGS come to tribals’ aid in Nandurbar, district reports highest-ever employment under scheme
According to District Collector Dr Rajendra Bharud, 41,157 labourers are employed in various works undertaken by district collectorate.
Haryana: Farmers take out tractor march against paddy cultivation restrictions
Farmers from Ratia block went to district headquarter Fatehabad to lodge their protest and submit a memorandum to the local administration.
Punjab to provide free ration to 14 lakh migrants under Atmanirbhar scheme
While 17.7 lakh migrants had registered on the government portal to go back home and three lakh have left via trains and over a lakh via buses and many others on foot or private vehicles, the remaining around 14 lakh will get 2 months of free ration under the scheme.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Punjab: Without salary since January, PU contractual staff left in the lurch
The employees, who include plumbers, maintenance workers, and helpers employed to work in hostels and administrative offices of the university, have been shuttling between contractors and university officials, but to no avail.
Lockdown effect: Crime rate in west UP districts down by 70%
The region recorded 35 murders in the last month against 50 in the corresponding period in 2019, while robberies went down from 992 to 114.
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
99% MSMEs won’t benefit from Centre’s loan scheme: Chavan
As part of the stimulus package to revive small businesses from the financial damage caused by the prolonged coronavirus-induced lockdown, Union Finance Minister Nirmala Sitharaman had announced Rs 3.70 lakh crore collateral-free automatic loans for businesses, including MSMEs.
Rural Ahmedabad: 35% of Covid cases from industries
Two employees, one each from Intas Pharmaceuticals and Zydus Cadila tested positive for the virus, taking the number of positive cases to 170 in rural Ahmedabad, where 35 per cent of the infected are working in industrial clusters, according to officials.
Chandigarh: 13 domestic flights to take off from Chandigarh from today
The Chandigarh Airport will resume operations with total 13 domestic flights from Monday onwards in a phased manner. Flights to Srinagar, Delhi, Mumbai, Leh, Bangalore, Dharamshala, Ahmedabad, will be starting operations.
At IGI airport, tales of homecoming after months
With the first day of domestic operations coinciding with Eid-ul-Fitr, passengers included those who were happy at the thought of being reunited with their families before the end of the day.
Physical EGM by SBI contradicting rationale behind lockdown, says IiAS
In a report, IiAS said the bank “is compelled to hold a physical EGM in June, contradicting the rationale behind national lockdowns to contain the spread of Covid-19.”
Pak diplomat’s kin, who crossed over from Attari, exempted from quarantine at Amritsar
“Wife and two kids of Pakistan diplomat crossed into India on May 23. They will not be kept in quarantine at Amritsar. Instead, they will go to Delhi to remain in home quarantine,” said a health official.
Maharashtra accounts for a third of all cases, shapes Covid map
Unlike many other states, the growth of infections in Maharashtra has been unabated, and it never had any “passive” phase.
Labour Laws: Legal hurdles, trade union opposition force some states to pull back major changes
The move also comes close on the heels of the Madhya Pradesh government last week amending its proposed changes to labour laws, citing the need for legal consent before workers are asked to work overtime.
Delhi HC exempts advocates from wearing gowns, coats during virtual hearings
A circular issued by the court directed all lawyers to be dressed in a sober and dignified manner and expected to adhere to the rest of the Dress Code, as prescribed in Part VI, Chapter IV of the Bar Council of India Rules (Rules framed under Section 49(1) (gg) of the Advocates Act, 1961).
When lockdown is over, bring workers back to their jobs but with free rail travel
Encourage local industries or work from home to harness women’s energy. The shramik has waited long enough. They deserve better.
Is repurposing MGNREGA the right way forward?
MGNREGA is not the best instrument to help MSMEs in urban and rural areas. Mixing up its objectives can only lead to chaos with no value addition
Time has come to merge income support schemes with MGNREGA
The legal framework of the MGNREGA scheme does allow this on farms owned by people of SC/ST communities, and on the lands of marginal farmers.
Mumbai: Doc served notice for prescribing test, but all 3 patients positive
Local BJP corporator Priti Satam, who met Assistant Municipal Commissioner, P-North (Malad), Sanjog Kabare, on May 23, said the test results of all three were positive.
ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
Domestic flights resume today: Here are the quarantine rules for passengers in different states
The Maharashtra government has allowed Mumbai airport to handle 50 domestic flights per day. Kolkata and Bagdogra airports to not operate any domestic flights between May 25-27.
Chandigarh aims to plant 2.55L saplings in 2020-21
The 2019-20 Greening Chandigarh Action Plan had a target of plantation of 2.53 lakh trees. The forest department managed to achieve the surplus task by planting and distributing 2.80 lakh plants.
Oil falls as US-China tensions take toll
Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.
NCLAT sets aside NCLT order on making MCA party in all IBC cases
A three-member Bench of the NCLAT held that the NCLT order asking the Ministry to be made a party in all IBC cases, without giving the MCA a chance to present its side would have resulted in “serious miscarriage of justice, besides causing undue hardship”.
Watch: Scenes from airports across India on Day 1 of resumption of domestic flights
The resumption of air travel came with a few hiccups in the first few hours itself as several flyers took to social media to register their grievances against airlines, particularly Air India. Several people travelled long distances only to find that their flights had been cancelled.
36% liquor stores back in business in Mumbai
At the epicentre of coronavirus infections in the country, Mumbai has disallowed counter sales of liquor to avoid big crowds outside beer and wine shops. It was also one of the last districts to permit home deliveries of liquor.
Paddy farming: How migrant crisis has spurred a shift to direct seeding method
But for this farmers need uninterrupted power supply immediately, a need the govt is yet to fulfill
India lockdown diary, Day 62: Akhilesh asks for free chyawanprash supply; Kolkata artisans hope for turnaround; and more
Here’s a curated list of some interesting stories from across the country on Day 62 of lockdown.
Seize LG Polymers factory premises, stop directors from leaving India: Andhra HC
A two-member bench of the court has barred entry on the factory premises except for those part of the committee appointed to probe the gas leak accident on May 7 that killed 7 people and injured over 500 others in the villages surrounding the factory.
Brands, local and global, get vocal about their Indian roots
According to senior people in several companies The Indian Express spoke with soon after the Prime Minister said that every Indian “has to become vocal for their local, not only to buy local products, but also to promote them proudly”, C-level executives scrambled to come up with a plan to get the brand’s messaging across.
Last 10 days, positivity curve begins to steepen
The latest trends come as India ramps up testing from under 30,000 daily in mid-April to over 1 lakh tests now. More than 6000 new cases have been reported for the last four days in a row.
CBIC clears Rs 11,052 crore GST refund claims since April 8
In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".
‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’
The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.
Bengaluru: BMTC introduces flat-fare system, bus fares to start from Rs 5 now
BMTC has been facing flak right from the first day of operations post-lockdown for its new contactless ticketing system. Commuters and citizen activists had pointed out that the daily passes worth Rs 70 were not feasible for those travelling short distances.
Covid wake-up call: Health infrastructure only 1 per cent of Smart City projects
These 69 projects, located in 55 of the 100 smart cities being developed, will cost an estimated Rs 2112.06 crore — about 1 per cent of the total Mission investment of Rs 205,018 crore.
City lawyer sends notice to civil aviation minister
Says airlines flouting norms by retaining the amount paid for tickets cancelled due to lockdown; notice says airlines sitting on passengers’ money and earning i
Hong Kong cops fire tear gas, water cannon at protesters
Hong Kong: Hong Kong police fired tear gas and a water cannon at protesters in a popular shopping district on Sunday, as thousands took to the streets to march against China's proposed tough national security legislation for the city.Pro-democracy su
Locals target train to NE in Bihar, 1 hurt
SHILLONG: Some locals in Bihar pelted stones at a special train carrying returnees to the North East on Sunday morning injuring a Naga girl.The occupants of the Haryana Express -04072, which passed through Bihar, were stranded residents from various
MAP ROW WITH NEPAL
Nepal’s prime minister KP Sharma Oli is on a bold move to take on India. By releasing a new map that included sensitive Indian border regions of Kalapani, Limpiyadhura and Lipulekh, he has put New Delhi on notice. Notably, this scenario has been deve
One-stop spot for fresh vegetables
SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d
Shops to remain open till 6 pm from Wed
SHILLONG: The East Khasi Hills Deputy Commissioner has informed that the listed retail shops, ration shops and others will remain open in Shillong urban agglomeration from May 27 to 30 from 9 am to 6 pm.The number of selected shops has been substant
Demonstration on biofertilisers at Hozukhe village
Demonstration on application of biofertilisers in maize was conducted by ATMA Dimapur, Niuland block at Hozukhe village on May 22.
Top German court to rule on VW ‘Dieselgate’ compensation
FRANKFURT AM MAIN, May 25 — Almost five years after Volkswagen’s admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will today finally rule in a battle over compensation for tens of thousands of affected owners. In a preliminary finding in...
Thousands without power in Western Australia after once in a decade storm
MELBOURNE, May 25 — Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth today after some of the worst weather in a decade. Wind speeds of up to 132 kph were registered at Cape Leeuwin, one of the...
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...
French carmaker Renault could close plants and cut jobs, says union
PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...
Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
KUALA LUMPUR, May 25 — Genting Malaysia Bhd (GENM) announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. In an internal memo circulated to its employees sighted by Malay...
Former minister Teresa Kok says ‘history repeating itself’ after Malaysian Rubber Board chairman ‘expedites’ nod for RM100m project in own constituency
KUALA LUMPUR, May 25 — Seputeh MP Teresa Kok criticised today the government’s practice of political appointments when accusing new Malaysian Rubber Board (MRB) chairman Datuk Ahmad Nazlan Idris of rushing a RM100 million project in his parliamentary constituency within a month of his...
Johor supermarket ordered to close for breaching CMCO SOP
JOHOR BARU, May 25 — A leading supermarket in Taman Desa Tebrau here has been ordered to close after it was found to have violated standard operating procedures (SOPs) under the conditional movement control order (CMCO). Johor Health director Dr Aman Rabu who confirmed the matter said the...
Asia stocks mostly up on lockdown easing but Hong Kong extends losses
HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Aide to British PM Cummings says he doesn’t regret lockdown trip
LONDON, May 26 — Prime Minister Boris Johnson’s closest adviser Dominic Cummings said today that he didn’t regret his decision to drive 250 miles from London to northern England, saying he had not flouted lockdown rules by staying on his family’s farm. “I don’t regret what I did....
Top German court grants buybacks for VW diesel car owners
KARLSRUHE, May 25 — A top German court ruled today that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of thousands of other “dieselgate” cases. Judges at the Federal Court of Justice (BGH) in Karlsruhe...
Belgium will not return to tough lockdown, says minister
BRUSSELS, May 25 — Belgium will not return to the strict measures imposed for nearly two months to combat the coronavirus outbreak even if there is a second wave of Covid-19 cases, the country’s interior minister has said. The country of 11.5 million people effectively closed down in mid-March,...
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Moody’s: Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR, May 25 — Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have...
China media seize on video of HK protesters beating lawyer
HONG KONG, May 25 — Video of Hong Kong protesters beating a lawyer was seized on by China's state media today, becoming a propaganda blow for the city's pro-democracy movement. The assault took place yesterday during a rally against a controversial security law proposed by Beijing that was broken...
Iranian fuel tanker docks in Venezuelan port, more underway
VALENCIA (Venezuela), May 25 — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the South American country’s El Palito refinery, the nation’s oil minister said today, and Refinitiv Eikon data showed a second vessel had entered its waters. Iran is...
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK, May 25 — A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand’s government announced last week its plans to have a...
Australian economy must come off Covid-19 ‘life support’, PM to say
SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...
Survey shows majority of youths agree Covid-19 stimulus package can boost economy
KUALA LUMPUR, May 25 — The majority of youths feel the Economic Stimulus Package will counter the impact of the Covid-19 pandemic and boost the national economy. A survey conducted by the Institute for Youth Research Malaysia (IYRES) from April 14 to 24 found that 97. 2 per cent of the 2,928...
Lufthansa state rescue deal agreed in principle, say sources
FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...
Japan to end Tokyo's state of emergency
TOKYO, May 25 — Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions today, while the Nikkei reported a plan for new stimulus worth almost US$1 trillion (RM4.36 trillion) to help companies ride out the coronavirus pandemic. Social distancing curbs were...
Slump in consumption, exports push Germany into recession in Q1
BERLIN, May 25 — A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments...
German government, regions tussle over reopening from lockdowns
BERLIN, May 25 — Germany’s central and regional governments were at odds today over when and how far to ease contact distancing rules, with allies of Chancellor Angela Merkel warning that scrapping them risks unleashing a new wave of coronavirus infections. The row erupted after Bodo Ramelow,...
Japan lifts Tokyo’s state of emergency, eyes fresh stimulus
TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...
Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming
MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...
Malaysia Productivity Corp urges regulators to utilise Unified Public Consultation portal during CMCO
KUALA LUMPUR, May 25 — Malaysia Productivity Corporation (MPC) is urging all government ministries and agencies to utilise the Unified Public Consultation (UPC) portal to continue to maintain their stakeholder engagements especially during the conditional movement control order (CMCO) period....
France promises ‘significant’ pay hikes for health workers
PARIS, May 25 — Prime Minister Edouard Philippe said today that health workers would soon get hefty pay increases as part of an overhaul of France’s hospital system in response to the coronavirus crisis. “I can say without any ambiguity, the increase will be significant,” Philippe said...
Italy recruits volunteers to control crowds as lockdown eases
ROME, May 25 — Italy’s government will ask some 60,000 citizens to work as volunteers to enforce social distancing rules as it gradually removes coronavirus restrictions, after scenes of street gatherings over the weekend sparked an outcry. Italy is gradually relaxing a nationwide lockdown...
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Taiwan promises 'necessary assistance' to Hong Kong's people
TAIPEI, May 25 — Taiwan will provide the people of Hong Kong with “necessary assistance,” President Tsai Ing-wen said, after a resurgence in protests in the Chinese ruled territory against newly proposed national security legislation from Beijing. Taiwan has become a refuge for a small but...
HK security chief warns of growing 'terrorism' as govt backs Beijing's planned security laws
HONG KONG, May 25 — Hong Kong's security chief said “terrorism” was growing in the city, as government departments rallied today behind Beijing's plans to introduce national security laws and after thousands took to the streets to protest against the move. Police said they arrested more than...
China warns US of countermeasures over Hong Kong trading threats
BEIJING, May 25 — Beijing has warned the US that it will take “every necessary measure” to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong’s special trading privileges if China enacts a tough new security law. China plans to impose...
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH, May 25 — Mosques, churches and businesses in the occupied West Bank will reopen tomorrow in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said today. The Palestinian Authority declared a health emergency in March and imposed lockdowns after the...
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
South African bankers work from home
“We have established that we can work very effectively from outside of the building.”
bidorbuy helps South African businesses get back to work
bidorbuy is making it easier for businesses in different sectors to plan for when they may be permitted to reopen.
If you invested R100 in these companies on 1 January 2020, here is how much you would have today
Sasfin Securities deputy chairman David Shapiro has revealed the biggest winners and losers on the JSE, NYSE, and the NASDAQ exchange this year.
Huawei seeks stable chip supply from Samsung and Hynix
Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
iCE3 Exchange gets Callpay Instant Deposits
South African cryptocurrency exchange iCE3 has launched an additional integrated EFT payment gateway on its platform.
Redundancies pitting workers against each other
New Zealand and immigrant workers are being pitted against each other as South Island businesses wield the axe over thousands of jobs. Unions say...
Big storm hits Western Australia
Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth...
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...
TAB makes more than 200 staff redundant
The TAB is informing staff of job losses today after a proposal to cut hundreds of roles due to the Covid-19 downturn.
Coronavirus 'cover-up' China's Chernobyl: White House official
A top White House official has likened China's handling of the coronavirus outbreak to the Soviet Union's cover-up of the meltdown at the Chernobyl...
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
Reliability of power supply questioned
The reliability of the two power lines bringing electricity to Wanaka from Cromwell is being questioned by Aurora Energy whistle-blower Richard...
Dunedin no longer to be port of call for ship
A shipping company carrying about 15% of the container volume through Port Otago has decided to stop coming to Port Chalmers. The ship Xin Zhang...
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Increased support payments for newly jobless people
The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...
Big storm hits Western Australia
Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth...
Pilot and instructor turn back the years
The aviation industry is facing a grim time, but its people are helping to keep spirits alive, says a long-time Dunedin flying instructor...
Starting small may lead students to bigger things
Learning how to build tiny houses could set up Dunedin trainee builders for bigger things. The Dunedin Training Centre will offer a new Level 3...
Greece Restarts Ferries to Islands, Reopens Cafes, Restaurants
ATHENS, Greece (AP) - Greece restarted regular ferry services to its islands Monday and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
MSNBC's Dr. Vin Gupta: Make Masks Mandatory Like Smoking Bans
Dr. Vin Gupta suggested wearing masks should be mandatory to combat further spread of Chinese coronavirus.
Carney: America’s Economy Slowly Comes Back to Life
Small pieces of real time, high frequency economic data all tell the same story: the worst of the coronavirus impact on the U.S. economy is behind us. | Economy
Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
Maui watershed purchase could be delayed due to coronavirus cuts | Honolulu Star-Advertiser
WAILUKU, Hawaii >> A county government’s acquisition of a private water delivery system for Maui’s drinking water may be delayed because of budget cuts resulting from the coronavirus outbreak.
Tech giants are embracing remote work and others may soon follow | Honolulu Star-Advertiser
OAKLAND, Calif. >> For a preview of the future of office work, watch how the biggest tech companies are preparing for a post-pandemic world.
IAF to operationalise second Tejas squadron in Tamil Nadu on Wed
IAF to operationalise second Tejas squadron in Tamil Nadu on Wed. The Tejas is a fourth generation combat aircraft developed by Aeronautical Development Agency and the Hindustan Aeronautics Ltd. It is equipped with fly-by-wire flight control system, integrated digital avionics and multimode radar.
SC allows Air India to fly with middle seats filled for 10 days
SC allows Air India to fly with middle seats filled for 10 days. The SC observed that the government should be more worried about the health of citizens rather than the health of commercial airlines.
Standoff between Indian, Chinese troops in Ladakh continues
Standoff between Indian, Chinese troops in Ladakh continues. People familiar with the situation in the region said the two sides were engaged in trying to resolve the dispute, but there was no indication of a positive outcome yet as both the armies continued to bolster their positions in disputed areas of Pangong Tso and Galwan Valley and Demchok.
How HomeServe has had to adapt to ensure it is there for customers
The boss of home repairs firm HomeServe today paid tribute to the efforts of his staff to ensure essential emergency work is carried out in people’s homes.
Japan set to end Tokyo’s state of emergency
The measure has been in place in the city since April 7.
Farming column: Welcome dairy support for farmers
We have welcomed the Westminster and Welsh Governments' announcements to help support dairy farmers overcome the impact of the coronavirus outbreak.
'Time is right' to reopen Newport railway line as work continues on innovation park
Work is continuing on the high-tech Newport Innovation Park under the lockdown.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
Shops across England can open next month if guidelines met, PM announces
Non-essential retailers will be allowed to open from June 15, provided the guidelines are met along with the five tests for easing the lockdown.
Firms invited to virtually network
Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
WHO fears ‘silent’ COVID-19 epidemic in Africa
Africa has so far been spared the worst impact of the coronavirus, but World Health Organisation is worried the continent could face a “silent epidemic” if its leaders fail to prioritise testing fo...
Less than 30% of fuel depots operating – DAPPMAN
’Femi Asu Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum ...
Nigeria’s GDP rises by 1.87% in Q1 2020
Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...
Landlords worry about COVID-19 impact on commercial properties
Maureen Ihua-Maduenyi Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, a new report has said. The rep...
COVID-19 reduces developing, advanced countries to same level – Buhari
Our Reporters The President, Major General Muhammadu Buhari (retd.), said on Sunday that he observed the Eid-el-Fitr prayers at his State House residence because of the raging COVID-19 pandemic...
Two trucks crash at petrol station in Warrenheip
Two trucks have crashed in a serious incident at Warrenheip, with one truck careering into a petrol bowser.
Energy efficient lighting being rolled out in Moorabool
WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.
The American food supply chain from meat processing plants to fast-food chains relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50,000
When my wife and I bought our home about three years ago, we were thrilled to just be approved for a loan. As a newly self-employed writer, we definitely had to jump through a few hoops to buy our home despite credit scores above 800.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Japan lifts nationwide state of emergency
IANS Tokyo Japanese Prime Minister Shinzo Abe on Monday lifted the countrys nationwide state of emergency, ending restrictions in the remaining areas wher
3 flights land at Dabolim with 95 passengers on Day 1
NT NETWORK Vasco Domestic flights resumed after two months at the Dabolim airport on Monday. However, due to lack of response from the passengers, the air
Cancellation of flights creates chaos at airports
PTI New Delhi India’s domestic flight services resumed on Monday after a gap of two months but a large number of last-minute cancellations by airlines t
Govt proposes to streamline processes to deal with corporate, tax frauds
IANS New Delhi Government proposes to further streamline and simplify the processes to deal with corporate and tax related frauds by identifying and insti
Bharti Telecom to sell $1 bn stake in Airtel through block deal
IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco
307 ha of fallow land brought under cultivation during lockdown
NT NETWORK Panaji Though the lockdown, which has been imposed in the wake of COVID-19 pandemic for the last over two months, has had an adverse impact on
Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’
The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.
British cheesemakers call on consumers to buy Stilton as sales plummet 30%
The makers of the famous English cheese Stilton -- first British cheese to be awarded the protected designation of origin status -- are worried about the future after a sharp drop in sales since the introduction of containment and the closing of borders during the pandemic.
Maxis offers unlimited 4G Home WiFi for RM108/month
For those without fibre broadband coverage, Maxis has revised its MaxisOne Go WiFi offering and it now provides unlimited 4G LTE data. The data-only plan is going for RM138/month and eligible Maxis customers can enjoy the plan with a RM30/month rebate.
Can’t Resist Splurging On Online Shopping? Here’s Why
The demand for online shopping has obviously increased since COVID-19 restrictions were put in place.
Covid-19 wrap: Hydroxychloriquine trials suspended and over 344 000 deaths globally
Here are the latest developments in the coronavirus crisis.
The effect of GDPR two years on
Today marks the second anniversary of the introduction of the EU's General Data Protection Regulation (GDPR).
Manager of demolished Rivers hotel reportedly tests positive for COVID-19
The Rivers government on Sunday, May 24, disclosed that manager of the demolished Prodest Hotel, Eleme has tested positive for COVID-19 along with 26 others.
Akinwunmi Adesina: US demands investigation into AfDB's decision on Nigeria's ex-minister
Following the allegations of impropriety against the president of the African Development Bank (AfDB), Akinwumi Adesina, the US government has demanded a probe.
Zimnat launches novel inflation linked funeral cover
HARARE-One of the oldest financial institutions in the country, Zimnat Life Assurance has launched an inflation linked funeral policy, Gadziriro/Lungiselelo ZWL$ Funeral Plan the first of its kind in Zimbabwe, which provides for regular review of covers and premiums on a regular basis.
Masiyiwa brings smiles to rural village, completes 100kw solar power project
PAN-AFRICAN businessman and philanthropist Mr Strive Masiyiwa has, through his ‘Re-Imagine Rural’ initiative, completed a 100KW solar power project at Ndolwane in Bulilima district.
Phillip Chiyangwa’s family hits back ahead of imminent arrest
From the Group CEO of The Pinnacle Property Holdings Limited – Mr Edmund Chiyangwa
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Zimbabwe fuel crisis set to worsen
DESPERATE motorists are set to endure more anguish at fuel pumps, after authorities admitted at the weekend that they were struggling to get foreign currency to import petrol and diesel.
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Zimbabwe govt makes policy shift on cannabis farming
The government of Zimbabwe has announced a change in the policy that governs the investment and production of medicinal cannabis in the country.
Full Text: From the Group CEO of The Pinnacle Property Holdings Limited – Mr Edmund Chiyangwa
By Edmund Chiyangwa I write in response to numerous newspaper and social media hypes regarding the Farm Odar, Nyarungu Estate and Subdivision A of Stoneridge which have been turned into vilification of my father, the Chairman of the Pinnacle Group, Hon Dr. P Chiyangwa.
New Balance's MTL575 Made in UK Is a Bold Nod to Harajuku
Inspired by Tokyo's '60s-era TVs and Japan's national flag.
Ontario used auto dealers expect tough year ahead, prices already down
A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.
Bayer reaches deals on big share of 125,000 roundup weedkiller suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Ontario offers loan of up to $500M to lottery and gaming agency
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Online games could be source of money laundering, B.C. public inquiry hears
A public inquiry into money laundering in British Columbia has heard that cash is still king but cryptocurrencies and other virtual trade could rise as a trend.
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Virus vaccine maker's bubble bursts after stock crashes
The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.
'A tragedy': Top aide warns US may revoke Hong Kong privileges over China-led national security law | Hong Kong Free Press HKFP
A top White House aide renewed a warning on Sunday that the US might revoke Hong Kong’s special trading privileges if China enacts a tough new security law covering the territory. The warning from national security advisor Robert O’Brien came amid soaring tensions between Washington and Beijing, and only hours after China’s foreign minister Wang Yi […]
'Double standards and hypocrisy': Hong Kong gov't rebukes foreign criticism over national security law plan | Hong Kong Free Press HKFP
The Hong Kong government has rebuked concerns from foreign politicians over Beijing’s plan to impose national security laws in the city, calling it “alarmist speculation.” It came after a chorus of international criticism of China’s National People’s Congress decision to draft a law prohibiting secession, sedition and subversion in Hong Kong. The controversial laws may […]
Covid-19 gulps EABL profits down by all of $28.7m
The brewer issued a profit warning following Covid-19 regulations to close bars.
Safaricom retains top position as the most valuable firm in the region
It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.
Barrick pays Tanzania initial $100 million after gold shipments resume
The government had imposed a ban during a tax dispute.
Japan set to lift coronavirus emergency as cases slow down
The country has been spared the worst of the pandemic.
Traffic’s creeping back and some transit to collect fares again
Community Transit and Sound Transit are set to resume fares June 1, but not Everett Transit.
Stillaguamish Tribe gives $1M to food banks, fire services
“I had to do a double take,” said the director of the Stanwood Camano Food Bank, which received $300,000.
Coronavirus: Government draws up plan to rescue key firms
The government could aid strategically important firms affected by the coronavirus pandemic.
Tim Wilson wants fresh inquiry into Hostplus conflicts
The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.
Green shoots for drought-hit agricultural stocks
With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.
ASX to open higher, $A steady
Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.
A longer JobKeeper will keep people in fake jobs
Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.
Household fragility points to post-COVID pain
New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.
Meet Cyrus, who wants to own Virgin through the virus and beyond
Every good auction needs a smokie.
Premier digs in on rent as UK restrictions bite
The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.
ACTU lays out demands for Virgin bidders
With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.
Lion to bring 'healthy alcohol' to Australia
White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.
Law firms, retailers pull bids for COVID-19 award changes
Employers and unions call time on new award flexibility deals to save jobs in response to the coronavirus shutdown, as restrictions continue to ease.
Seven questions with Stuart Welch
Alphinity's Stuart Welch talks about why Cochlear has been disproportionately hurt during COVID-19, and why he prefers Transurban to Sydney Airport.
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
Toot toot! Afterpay runs into index day
Beware the Afterpay train this week.
China defends tariffs on barley
In the latest salvo in the ongoing barley tariff war, China's Commerce Minister claims Australia was "subsidising" the grain and says the tariffs were based on evidence.
Bloodied Mayfair tries recruiting investors against ASIC
The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".
IOOF class action dropped but legal woes remain
IOOF has reached a settlement to end the Supreme Court case commenced by Quinn Emanuel on behalf of IOOF shareholders but separate proceedings initiated by Shine Lawyers are ramping up.
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
Why Target ended up a $3.6b black hole
It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.
Western Areas storms Panoramic Resources recap
ASX-listed Western Areas has sent a reminder that it's not just private equity tyre-kickers that can use recapitalisations to nab strategic positions.
Regal, Tribeca-backed Trident Resources mulls spearing the ASX
There could be a new type of mining exposure heading Down Under before too long.
Central Equity, Failli family selling $200m of greenfield sites
The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.
Inside the impact bid to save AAP
The consortium has already begun sounding out key AAP customers, which have indicated support for a new version of the newswire service.
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
Labor senator calls for ASIC investigation into Rex
Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".
Best month for Brent in 21 years overshadows US-China feud
Investors will be relying on a rebound in global demand for crude to support prices, as US-China tensions threaten to derail the oil market's recovery.
JobKeeper fuels 'major hunger' for new sneakers
Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.
RSM, BDO staff return to the office amid strong demand
The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.
Bond University on track for JobKeeper
Bond University is on track to be the only university in Australia to get access to JobKeeper after a rule change.
China links Australia barley tariffs to past trade disputes
Beijing defends Australia barley tariffs but links move to past trade cases against China.
Rental market hit by student exodus: Gurner
Tim Gurner says the treatment of foreign students by state and federal governments 'was incredibly poor' and its impact on the rental market will be huge.
FEC shrugs off market worries over Bourke Street tower
Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
NAB's rod for its own back
NAB will reveal the results of a share purchase plan that might be heavily oversubscribed on Wednesday.
Coles lifts all purchase limits on grocery items
Toilet paper hoarding stopped a little while ago and now Coles has lifted restrictions on the last of the pantry staples.
Bain's Mike Murphy must dive deeper at Virgin
Bain Capital has pushed its local boss Mike Murphy into the spotlight as it fights for Virgin. It's a position that's familiar to the former Olympic diver.
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
Bolsonaro’s populism is leading Brazil to disaster
If life were a morality tale, the COVID-19 antics would turn Brazilians against the populist president. But it's not that simple.
Push India towards the Quad to deter China
A regional bulwark against Beijing is an idea whose time has come. To make it work, New Delhi must be persuaded to participate on its own terms.
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
Hong Kong move exposes China's superpower fail
For all its pretensions, Beijing has proved completely unable to manage the people of a sophisticated and free global city.
US-based Alsco seeks permission for Spotless Laundries
The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy.
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
Japan ends state of emergency, eyes fresh $1.5trn stimulus
Japan's economy minister said the government had received approval from key advisers to remove the state of emergency for Tokyo and all remaining regions.
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
China's currency gamble adds fuel to fire
The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.
Westpac's lagging view of credit risk 'challenging'
Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
Hong Kong another sideshow in a larger China drama with no final act
Australia's disputes with China are just a sidelight to a much bigger US-China struggle that is only intensifying.
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
Health, leisure worst hit by 'double dipping' ruling
A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
Board diversity may be a COVID casualty
Boards must refrain from using the coronavirus crisis as an excuse to revert to old habits when it comes appointing directors, the Australian Institute of Company Directors said.
Adobe’s top tips to adapt your commerce strategy during the pandemic
Making clear and factual statements, meeting customer commitments, and ensuring business and operational continuity is more important than ever
US tech execs have dumped $3.6 billion in company stock this month
Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
China Defends Tariffs on Australia Barley’s as Relations Sour
China was “prudent” and “restrained” in its use of trade remedy measures according to the nation’s commerce minister, who defended the recent decision to impose anti-dumping duties on Australian barley as being based on evidence.
Brazil Toughens Rules to Avoid U.S.-Style Disruptions
Brazil, the biggest exporter of beef and chicken, is betting on a new set of safety standards to avoid the kind of mass processing disruptions that caused meat shortages and price spikes in America.
Business Cheers Plans to Reopen South Africa’s Economy
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
ECB Facing Testy Stimulus Debate After Call to Scrap Limits
The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
Hong Kong Exports Tumble in April as Virus Disrupts Commerce
Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.
Macron Set to Unveil Aid for Embattled French Auto Industry
French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.
Consumer Confidence Inches Higher in Canada, Except for Housing
Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Tech Giants’ Top EU Privacy Watchdog Attacked Over Slow Pace
Silicon Valley’s main data-protection watchdog in Europe came under attack from one of the region’s leading privacy advocates for taking too long to wrap up probes into Facebook Inc. and its Instagram and WhatsApp units.
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
India’s Maharashtra to Start Domestic Flights With Fewer Planes
India’s Maharashtra, home to the nation’s financial hub Mumbai, will resume commercial flights on Monday with reduced domestic services as the state struggles to contain coronavirus infection cases.
Hamilton Ndlovu apologises for showing off sports cars ‘in poor taste’ during Covid-19 crisis
The businessman says reactions to the footage of his fleet of cars caused both anger and anxiety within his family and left them 'vulnerable to unnecessary attention'.
China threatens US counter measures if punished for Hong Kong law
Hong Kong has become the latest flashpoint in soaring tensions between the world's two superpowers which China has likened to 'the brink of a new Cold War'.
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
On Day 1, Chennai airport to receive 16 flights
A Delhi-bound Indigo Airlines with 116 passengers was the first flight to be operated from the airport here today when the country resumed domestic air services, officials said. Continue Reading →
TTD to auction 50 immovable properties in TN, Andhra
Tirumala Tirupati Devasthanams (TTD) has decided to auction 50 immovable petty properties located at different places in Tamil Nadu, Andhra Pradesh and Rishikesh in Uttarakhand, a top functionary of TTD said on Sunday. Continue Reading →
Industrial estates in TN start functioning with new rules
Following permission from the Tamilnadu government, factories in industrial esates located in non-containment zones in the State, including those at Ambattur and Guindy, resumed their operations from today. Continue Reading →
TN govt implements strict guidelines for air passengers
As the flight operations resumed in Chennai today after two months, the guidelines issued by the government said all domestic air travellers coming into Tamilnadu should register themselves in TNePass portal and (if asymptomatic) should undergo 14 day home quarantine. Continue Reading →
Lockdown 4.0: With strict rules, aviation sector limps back to normalcy as domestic flights resume
Mumbai: Indian skies opened up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry...
CIBN outgoing President advocates ethical leadership in banks
THE outgoing President/Chairman of Council of The Chartered Institute of Bankers of Nigeria, CIBN, Dr. Uche Olowu, has
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
NNPC, subsidiaries have 6,621 staff nationwide – Report
In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has
Hong Kong police embrace China’s security law plan
Hong Kong's security chief on Monday welcomed China's plans to impose a national security law on the financial hub, saying it was needed.
Autonomy for state legislature, judiciary: Lawyers, CSOs split over Buhari’s executive order
Mixed views, yesterday, hallmarked President Muhammadu Buhari’s Executive Order granting financial autonomy to the legislature
COVID-19: Reps seek enforcement of local content in all sectors of economy
ABUJA-In what appears like a proactive way of tackling an anticipated harsh economic weather in the post COVID-19 pandemic era, the House o
Wike, Rivers liable for infecting my manager with Covid-19 – Owner of demolished hotel
Following the confirmation by the Rivers state government, that the manager of the demolished Nyesome Wike
COVID-19 raises posers over business interruption underwriting
FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo
Ethiopian Airline denies evacuation of Nigerians from Canada
Ethiopian Airlines yesterday denied having any existing contract to evacuate stranded Nigerians from Canada. According to the airline, it
State Governments face unprecedented financial crisis
The report stated as follows: “the states were expecting to share N3.3 trillion from the Federation Account during the year, they
Breaking: Africa Top Brands: MTN, Dangote emerges most admired African brands
MTN, Dangote has emerged the most admired African brands at the 10th Brand Africa 100, Africa's Top Brands anniversary.
Ethiopian Airline denies having any contract to evacuate Nigerians from Canada
Ethiopian Airline Monday denied having any existing contract to evacuate stranded Nigerians from Canada. According to the airline, it is the
Nigerians Locked In Another Chinese Company In Ogun Cry Out For Help
One of the affected workers told SaharaReporters that aside from forcing them to work, the company had also stopped feeding them and refused to allow them to go out to get food.
Crieff golf club becomes latest to announce reopening date
A Crieff golf club has become the latest to announce its reopening date.
Perthshire men’s support group ‘delighted’ to secure £10k funding support
A Perthshire support group for men has secured £10,000 in National Lottery funding.
Trade deal with Europe seems a long way off
The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.
‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes
The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.
Let’s support farmers and try to keep shopping locally
From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Domestic flights resume, passengers complain of flights being cancelled without notice: 10 points
Domestic passenger flights are resuming across airports from today. Most airports are operating 25 flights daily. As passengers queued up outside airports from Sunday night, many complained of flights being cancelled without prior notice.
Mumbai heads for highest number of daily new Covid-19 cases for any city in the world
With over one-fifth of India's cases, Mumbai is undoubtedly the country's biggest hotspot, and at least 0.22 per cent of the city's population has now been infected.
Locusts swarm Rajasthan’s Jaipur, destroy crops spread over 5,00,000 hectares
While locusts have now entered several states including Madhya Pradesh and Uttar Pradesh, Rajasthan faces a major challenge as locusts have damaged crops spread over 5 lakh hectares in the state.
Over 80 flights cancelled in Delhi, passengers slam airlines for no prior intimation
The development comes after few states objected to the Centre’s plan to restart domestic airlines from May 25, following which last-minute changes were amended to the earlier rules on Sunday evening.
60 days, 56-fold growth: India now second largest PPE manufacturer
According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.
Can’t take our people without permission: UP CM Yogi Adityanath says govt nod must to hire workers from state
The Uttar Pradesh government has decided to set up a Migration Commission for employment of migrant labourers in the state. UP CM Yogi Adityanath also said those states, who want migrant workers back, will have to seek the state government's permission.
Relief from heatwave coming, IMD predicts thunderstorm on May 29-30
Due to a western disturbance and easterly winds, dust storm and thunderstorm activity is likely over Delhi, Haryana and Uttar Pradesh on May 29-30, the IMD has said.
Taiwan promises necessary assistance to people of Hong Kong
Taiwan has become a refuge for a small but growing number of pro-democracy protesters fleeing Hong Kong, which has been convulsed since last year by anti-Beijing and anti-Hong Kong government protests.
Worst attack in 27 years: Swarms of locusts destroy crops across north India
Locust swarms entered India from Pakistan where they flew in from Iran last year. From Rajasthan, locusts entered Madhya Pradesh, Gujarat and UP. Punjab has also put its farmers on alert.
Vizag gas leak was disaster in waiting as LG Polymers worked in populated area with no clearances for 2 years
The industrial unit of LG Polymers was operating right in the middle of a thickly populated area in Vishakhapatnam without due Environmental Clearance (EC) from authorities.
Air travel resumes with hiccups, schools to open in July as India reports 10th highest Covid-19 cases in world
Domestic air travel resumed on Monday after two months even as India entered the list of 10 countries worst hit by the novel coronavirus after record spike in the number of cases for four consecutive days.
Medical aid costs shrink but Covid-19 costs are still unknown
Fewer elective surgeries and doctors’ visits save millions, but hospitalisation of Covid patients will negate these savings.
Here are the key challenges and scary facts confronting young people
Without a doubt, there will be more over-qualified job seekers and graduates going after fewer available job vacancies due mainly to automation and ageing population. As a result, more young people especially will increasingly be forced into spending more time in higher education.
Alireza Kohany Suggest 5 Things You Can Do Right Now to Prepare for the Post-Coronavirus Business World
Is your business ready for the five largest macro-trends we are about to see? Alireza Kohany explains...
UK eyes cuts to Huawei's 5G network involvement in wake of COVID-19 - report
Could have no involvement by 2023.
AusPost temporarily digitises mailrooms of 40 govt, finance firms
Creates 'basic' service for customers that couldn’t operate internal mailrooms.
GBP/USD: All ears to the ground for Brexit themes ahead of June 30
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
USD/JPY: Bulls targeting 108.00 catch a breath amid mixed clues
USD/JPY buyers catch a breath near 107.70 at the start of Tuesday’s Asian session. While the absence of traders from the UK and the US seems to have l
US Dollar Index pushes higher and approaches 100.00
The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.
GBP/USD: Bad news on all fronts – Rabobank
Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t
USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700
The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.
CFTC Positioning Report: EUR net longs at multi-month lows
These are the main highlights of the CFTC Positioning Report for the week ended on May 19th: Speculators trimmed their net longs in the euro to the lo
EUR/JPY bounces off lows near 117.00
The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f
NZD/USD is perched on a fragile branch, struggles to break higher
NZD/USD is trading at 0.6100, +.01% on the day as we head into the early Asian open. The pair has traded between a range of 0.6083 and 0.6108 on what
AUD/USD pares early losses, registers modest gains near 0.6550
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing its losses with the risk-on environment helping the AUD
EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s
The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou
USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark
The USD/JPY pair edged higher on Monday and was last seen trading near the top end of its daily trading range, around the 107.70-75 region. The pair m
GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC
GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further
AUD/USD Price Analysis: Upper end of the contracting triangle caps gains
The AUD/USD pair is currently trading largely unchanged on the day at 0.6530, having faced rejection at 0.6550 during the early Asian trading hours. T
Gold Price Analysis: XAU/USD meets a plateau as global CODVID curve peaks
The price of XAU/USD is at $1,727.88, -0.45 and has sunk from a high of $1,735.67 falling to $1,721.61 on the day. Gold is a complicated mix of deflat
EUR/USD: Geopoliticals risks can send the euro down
EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam
EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure
EUR/USD is looking to extend its two-day losing run on Monday amid the broad-based demand for the American dollar. Even gold, a classic safe-haven ass
Gold Price Analysis: Trades with modest losses, downside seems limited
Gold traded with a mild negative bias through the mid-European session amid the prevalent risk-on mood, albeit has managed to defend the $1722 horizon
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart
USD/CNH gained ground on Friday as the escalating US-China tensions over Hong Kong weighed over the offshore Yuan. The pair closed at 7.1452, confirmi
AUD/USD snaps two-day losing streak to extend recovery above 0.6500
AUD/USD remains modestly positive around 0.6540/45, up 0.11% on a day, amid the Asian session on Monday. Although the US-China tension keeps Aussie bu
USD/JPY looks to end day near 107.70 with small gains
The USD/JPY pair is fluctuating in an extremely tight 15-pip range on Monday as US investors enjoy a long-weekend in observance of Memorial Day. As of
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Gold Price News and Forecast: XAU/USD is consolidating gains at the start of the new trading week
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p
S&P 500: The market is not going to fall off a cliff again – Charles Schwab
Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if
USD/JPY Price Analysis: Sticks to modest gains near 50-day SMA, around 107.70 region
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen trading near the top end of its daily tradi
USD/JPY: Downside potential is limited
The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer
Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200
GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2
S&P 500: The market ended on a positive note in 17 of the past 23 presidential election years – Charles Schwab
Interest in the next presidential election and its potential impact on the market increases exponentially as we approach Election Day. While the outco
GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle
The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
Gold Price Analysis: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
WH Adviser O’Brien: US will likely impose economic sanctions on Hong Kong and China if …
Speaking on NBC's "Meet the Press" on Sunday, White House National Security Adviser Robert O'Brien said, “the US will likely impose economic sanctions
Gold Price News and Forecast: XAU/USD - Great Recession vs. 2020 coronavirus crisis
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
EUR/USD: Time to buy a ticket for the 1.20 level – Nordea
It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke
AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac
The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan
Gold Price News and Forecast: XAU/USD down by $6 in Asia, weekly chart shows bullish trend exhaustion
Gold, a safe-haven asset, is flashing red at press time even though the growth-linked currencies like the Aussie dollar are struggling to gain altitud
EUR/USD Price Analysis: Peeps above 1.09, but range play continues
EUR/USD is looking to begin the week on a positive note. The pair is currently trading at 1.0905, representing marginal gains on the day. However, des
AUD/JPY: Bearish case getting cheaper as each session passes
AUD/JPY has been on the bid at the start of this week and despite ongoing geopolitical tensions that have weighed on commodity markets. There has been
WTI consolidates the bounce above $33 mark amid intensifying US-China tensions
WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th
USD/JPY: Off intraday top, still above 107.00, as trade sentiment dwindles
USD/JPY retreats from the intraday high near 107.80 to 107.65 amid the early trading session on Monday. Although news of Japan’s likely removes of sta
GBP/USD: No reasons for sterling to spring back up
While Brits are enjoying their spring bank holiday – albeit under lockdown restrictions – sterling may continue suffering, according to FXStreet’s ana
Gold Futures: Correction lower on the cards
Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi
ASX 200 Index: Australian shares start out the week 1.5% higher
Australian shares have started the week on the front foot, despite the growing concerns over the US and Chinese relations. Instead, markets are gearin
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile
GBP/USD retraces three-day losses below 1.2200 on UK/US holiday
GBP/USD seesaws around 1.2180, up 0.05% on a day, during the pre-European session on Monday. In doing so, the Cable pair snaps the previous three-day
WTI: Off daily highs, still above $33.00, as US-China tension looms
WTI drops to $33.45, down 0.6%, while heading into the European session on Monday. The black gold recently benefited from the news suggesting ease of
Gold Price News and Forecast: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday. Although fresh risk-off sentiment,
NZ PM Ardern: Will raise limits on social gatherings to 100 people from May 29
New Zealand PM Jacinda Ardern recently crossed wires, via Reuters, while showing readiness to ease the coronavirus (COVID-19)-led restrictions on soci
Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies
In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w
GBP/USD clings to modest gains, bulls await a move beyond 1.2200 mark
The GBP/USD pair edged higher through the early North American session and was last seen trading near the top end of its daily trading range, just bel
China's Deputies brainstorm support for businesses – Global Times
The Global Times is reporting how Chinese Deputies to the ongoing National People's Congress have suggested that the government work out more measures
AUD/JPY erases gains on lingering US-China tensions
The early risk-on tilt seen in the financial markets has faded, as evidenced by AUD/JPY's pullback from the session high of 70.58 to 70.30. The JPY cr
Gold Price Analysis: XAU/USD mildly heavy below $1,750, looks to US-China tension for clues
Gold prices drop to $1,731, print 0.20% loss, intraday low of $1,730.37, by the press time of Tokyo open on Monday.
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
GBP/USD: All signs are bearish for the pound
GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,
Natural Gas Price: Futures point to further correction
In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
Japan said to start giving out travel vouchers from end-July – Jiji
The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave
Forex Today: Dull start to the week
What you need to know on Tuesday, May 26th: It was a dull start to the week, with the US and the UK on holiday. Those equities markets that were opene
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
US unemployment rate could rise to above 25% - Goldman Sachs
Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. Th
Pound Sterling Price News and Forecast: GBP/USD looking to the upside
At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the
EUR/CHF: SNB looking to contain Swiss franc action – CIBC
The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish
Iran’s Oil Minister: Demand for oil is ‘very vague’
The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are
Gold trades with modest losses, holds above $1722 support zone
Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just bel
President Trump's adviser compares China's handling of coronavirus to Chernobyl
The US national security adviser Robert O’Brien on Sunday drew parallels between China's handling of the coronavirus outbreak and the Soviet Union’s c
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
USD/CAD: Oil to refrain the loonie recovery – CIBC
Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l
India among 10 worst-hit Covid-19 nations as cases jump; air travel reopens
India has reported another 6,977 cases, taking its total to 138,845.
Taiwan promises 'necessary assistance' to Hong Kong's people
"Bullets and repression are not the way to deal with the aspirations of Hong Kong's people for freedom and democracy."
The US Air Force is removing height restrictions for pilots, which will allow more women to serve
(CNN) — The US Air Force has removed its minimum height requirements for prospective pilots, doing away with a barrier that had disadvantaged women. Previously,...
Protests in Ecuador against job, wage cuts, over virus
Demonstrators defied coronavirus restrictions to march in cities across Ecuador on Monday in protest against President Lenin Moreno's drastic economic measures to tackle the crisis.
European pools and gyms slowly reopen but seniors wary
European gyms and pools began reopening Monday as the coronavirus lockdown eased in countries including Germany, Iceland, Italy and Spain, but some elderly patrons remained wary of taking the plunge.
First Iranian oil tanker docks in Venezuela
The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship.
Top German court to rule on VW 'Dieselgate' compensation
Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel engined cars, a top German court will on Monday finally rule in a battle over compensation for tens of thousands of affected owners.
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after new cases slowed to a crawl.
Melon-aires not required as Japan premium fruit prices plunge
A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last year, as the coronavirus bites hard.
How the pharmaceutical sector is adapting to remote working
For an industry based largely on manufacturing and scientific research, the pharmaceutical sector has needed to adapt in novel ways in order to meet the home working requirements fostered upon it due to the COVID-19 pandemic.
Hong Kong police embrace China's security law plan
Hong Kong's security chief on Monday welcomed China's plans to impose a national security law on the financial hub, saying it was needed to defeat
WHO warns 'immediate second peak' of coronavirus threatens countries that reopen too soon
The World Health Organization said on Monday that parts of the world where coronavirus infection rates are declining may face an “immediate second peak” if they prematurely loosen restrictions to s…
Gyms flex legal muscle in lawsuit against Michigan Gov. Whitmer to lift coronavirus restrictions
Gym owners in Michigan have lawyered up in their battle against Gov. Gretchen Whitmer over state-imposed restrictions meant to stem the tide of the coronavirus.
Grocery prices start to soar
Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.
40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report
Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a
Six flights carrying 562 stranded passengers arrive at Srinagar Airport
With Government resuming domestic flight operations across the country, six domestic flights carrying about 562 passengers, who were stranded at different
Infectious Diseases Block equipped with superlative facilities inaugurated at SKIMS
Sher-i-Kashmir Institute of Medical Sciences (SKIMS) today crossed another milestone to further strengthen advanced patient care services with
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
Cleaning crews ready for reopening in post-pandemic US
Tables, chairs, counters, doors: reopened US businesses and restaurants will have to focus on thorough disinfecting if they want to lure customers, and cleaning companies are preparing for an explosion in demand.
'It's kind of glum': US farmers worry as crop prices dip
Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.
GCash registrations increase by 250%
Globe Telecom Inc. saw an increase in mobile wallet users amid the enhanced community quarantine in the country.
Tokyo stocks open higher on virus hopes
Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
ThomasLloyd, BioPower turn over mobile swabbing unit to Bacolod
Bacolod City received its second mobile swabbing unit as the city implements innovative efforts to provide safe and efficient COVID-19 testing in the region.
Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".
121 electric co-ops comply with order to help consumers
The Philippine Rural Electric Cooperatives Association Inc. said Monday the 121 electric cooperatives in the country complied with all the directives of regulators to protect the interests of consumers during the enhanced community quarantine period.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
ILO expresses deep concerns over labour law suspension, tweaking to PM Modi
The ILO's intervention came after ten central trade unions escalated the issue of suspension and tweaking of labour laws with the international body through a letter on May 14, 2020.
30 Srikakulam natives reach Vizag from Bengaluru on two-wheelers
Even as the country is trying to recover from the impact of lockdowns, migrant workers continue to suffer.
Cyclone Amphan: Govt releases Rs 1,000 crore to West Bengal; central team to visit soon
The rescue-and-relief operations in West Bengal were discussed at a meeting of the National Crisis Management Committee
More than 15 lakh people returned to Bihar in 1,029 trains
Aggarwal said that bringing migrant laborers and others from other states to Bihar is the first priority of the government.
Over 30,000 get jobs under MGNREGS in Sambalpur
Terming it as a significant achievement, district coordinator of MGNREGS Sobhit Bishi said it is for the first time that such large number of people have been engaged under MGNREGS in the district.
SC allows Air India to fly for ten days with middle seats filled in scheduled aircraft
A bench headed by Chief Justice S A Bobde conducted an urgent hearing on Eid holiday through video conferencing to hear the appeals of the Central government and Air India.
India resumes domestic air travel after two months, several flights cancelled
Aviation industry sources said, around 82 flights -- departures and arrivals -- have been cancelled till now at the Delhi airport.
China may lose control of three strategically important ports amid coronavirus fallout
Changing political tides may cost China control over ports in Australia, Israel, Sri Lanka
‘Worried, but work comes first’: Flight attendants return to duty as domestic air services resume in fourth phase of coronavirus lockdown
Flight attendants on early Monday morning arrived at Indira Gandhi International (IGI) airport, Terminal-3, as domestic air services resumed from today
India needs comprehensive law on coronavirus to replace maze of piecemeal guidelines, clarifications; UK, Singapore offer examples
In the absence of a comprehensive legislation dealing with coronavirus, litigants are flocking to courts across the country seeking clarity and protection as a result of these unprecedented circumstances.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
COVID-19 Impact: Transfer outstanding crop loans to govt account, says Maharashtra to banks
A government resolution (GR) dated 22 May instructed banks to show the current outstanding loan of farmers as the dues of the state government.
Maharashtra allows 50 flights to and from Mumbai airport today as domestic air travel resumes; U-turn hours after CM seeks more time
After much speculation about the resumption of domestic flight operations in Maharashtra due to the increasing number of coronavirus cases, the state government has allowed 25 flights to land and 25 flights to take-off from the Mumbai airport today, according to several media reports.
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
Vizag gas leak: Andhra Pradesh High Court orders seizure of LG Polymers’ premises, bars directors from leaving India
The Andhra Pradesh High Court has issued interim directions to completely seize the premises of LG Polymers at RR Venkatapuram village in Visakhapatnam district where the gas leak mishap took place
Reliance Industries launches JioMart service across cities, offers discounts: Here's how to buy groceries, place an order
Customers can now log on to the newly-launched website jiomart.com to place an order
People more worried about economic crisis than health issues from coronavirus, finds study
The study - conducted by Centre for Marketing in Emerging Economies (CMEE) at IIM Lucknow - revealed that majority (79 percent) of people are worried and surrounded by a feeling of fear (40 percent) and sadness (22 percent).
BMTC introduces flat bus fare system in Bengaluru to replace daily passes; system aimed at minimising contact during travel
The BMTC's new flat fare system will minimise contact in buses during travel amid the coronavirus pandemic
Kim Jong-un makes first public appearance after speculation over health, discusses bolstering of North Korea's 'nuclear war deterrence'
Seoul: North Korean leader Kim Jong-un hosted a meeting to discuss the country’s nuclear capabilities, state media said on Sunday, marking his first appearance in three weeks after a previous absence sparked global speculation about his health.
Delhi-Pune, Mumbai-Patna, Ahmedabad-Delhi among first flights to take off as domestic air services resume after two months
Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH — Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
As lockdown clears the air, Cairo looks to keep pollution low
By Menna A. FaroukCAIRO, May 25 (Thomson Reuters Foundation) – It is a Thursday evening in downtown Cairo, usually a crowded and noisy time as the weekend gets underway.
HK security chief warns of growing 'terrorism' as govt backs Beijing's planned security laws
HONG KONG — Hong Kong’s security chief said “terrorism” was growing in the city, as government departments rallied on Monday behind Beijing’s plans to introduce national security laws and after thousands took to the streets to protest against the move.
As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?
It’s an increasingly viable option for companies anxious about sourcing from China.
Furore Over Tirupati Tirumala Temple Board’s Decision To Sell 23 Land Assets In TN, TTD Chief Says 129 Properties Sold Since 1974
The Y S Jagan Reddy government is being accused of trying to sell the TTD lands to supporters of YSR Congress Party.
India, China Hold Talks To Resolve Issue On Ladakh Border; No Breakthrough Achieved Yet: Report
Sources said, there have been five rounds of talks between military commanders on the ground.
IAF’s Second LCA Tejas Squadron To Be Raised At Sulur Air Base With FOC Configuration Aircraft
The Indian Air Force (IAF) will raise the second squadron of the indigenously developed and manufactured aircraft LCA Tejas at the Sulur Air Base in Tamil Nadu on Wednesday (27 May), Hindustan Times has reported.
Yogi Government To Form Migration Commission To Provide Migrant Workers Employment In The State
The Yogi Adityanath led Uttar Pradesh government has ordered the formation of a “Migration Commission” which will be tasked with providing employment to migrant workers who have recently returned back to the state in light of the Covid-19 lockdown, ANI has reported.
If States Want UP’s Migrant Workers Back, They’ll Have To Seek Our Permission: UP CM Yogi Adityanath
More than 23 lakh migrant workers have returned to UP from various parts of the country.
‘Notifying Only 41 Shramik Trains For Maharashtra, Despite Being Prepared For 125’: Railways Minister Piyush Goyal
State's Chief Minister (CM) Uddhav Thackeray had asserted that his Government had the list of migrant workers ready.
Perform Or Perish: Now, Railway Contractors’ Efficiency To Be Appraised By Project Engineers, To Boost Quality, Safety
However, performance appraisal report of all zonal contractors irrespective of value shall be filled in.
Reliance Industries’ Online Grocery Service JioMart Goes Live In 200 Towns Across India
Reliance Industries limited has now officially launched its online grocery service, JioMart, across the nation after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan, reports India TV News.
RBI And MPC Should Junk Monetary Policy Calendar In Times Of Covid-19, Act Preemptively To Avert Crisis
The problem is not what the RBI will or will not do, but it is more to do with the timing.
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
"Idea Of Flying Really Scary": Jitters As Domestic Flights Resume
Domestic flights resumed in the country on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
UP To Set Up Migration Commission To Employ Returnee Migrants
In a two-pronged strategy to secure migrant workers, the Uttar Pradesh government has decided to set up a Migration Commission for employment of such labourers in the state and made it clear that any state that wants them from UP has to seek its permission.
Prices Of N-95 Masks Fall 47% After Pharma Pricing Body's Advisory: Government
Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 per after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.
Railways Minister Piyush Goyal's 12-Tweet Retort To Uddhav Thackeray
In a wrangle with Uddhav Thackeray over trains for migrants, Railways Minister Piyush Goyal tweeted on Sunday that his ministry would work overnight if it received within one hour a list of trains, passengers and destinations from the Maharashtra Chief Minister.
Railways Not Providing Details About Movement Of Shramik Trains: Odisha
The Odisha government on Sunday expressed concern over not being given prior information about the movement of Shramik Special trains to the state from outside, saying it creates problems in making arrangements for the returnees.
Government Releases Rs 1,000 Crore To Bengal; Central Team To Assess Cyclone Damage
The Centre has released Rs 1,000 crore to the West Bengal government, as announced by Prime Minister Narendra Modi, and a team of the Union government will visit the state soon to assess the damage caused by Cyclone Amphan.
3,060 Special Trains Ferried Around 40 Lakh Migrants Since May 1: Railways
The Railways has ferried around 40 lakh migrant workers on board 3,060 ''Shramik Special'' trains since May 1, according to official data.
Over 15 Lakh Migrants Returned To UP In 1,174 Trains So Far: Official
Over 15 lakh stranded migrant workers have returned to Uttar Pradesh from different parts of the country on board 1,174 trains till now, a senior state government official said in Lucknow on Monday.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore
Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg
5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore
Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg
China's aggressive push for Hong Kong national security laws could lead to US sanctions, White House official says, Business Insider - Business Insider Singapore
Business Insider - The White House national security adviser, Robert O'Brien, said China's actions indicated the country was "going to basically take over Hong Kong.". Read more at businessinsider.sg
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Beijing says it will unilaterally impose national laws in Hong Kong 'without delay' as thousands take to the streets in protest, Business Insider - Business Insider Singapore
Business Insider - Critics worry that the new laws could hurt Hong Kong's independence and the city's position as a financial center.. Read more at businessinsider.sg
Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you., Business Insider - Business Insider Singapore
Business Insider - The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.. Read more at businessinsider.sg
COVID-19: Measures issued to ensure worker safety in Duqm
The Special Economic Zone Authority of Duqm (Sezad), in collaboration with the Ministry of Health, has issued instructions that need to be followed by everyone in the city and the surrounding areas
Ontario offers loan of up to $500M to lottery and gaming corporation
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Back In 1979, Nintendo's President Said Everyone Should Copy Each Other's Ideas
"We need to abandon this idea of secrecy"
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
Ontario used auto dealers expect tough year ahead, prices already down
TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
Japan lifts coronavirus emergency in all remaining areas
TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.
Two workers of Toronto Loblaws test positive for COVID-19, now isolating at home
TORONTO — Two workers at a Loblaws grocery store at the old Maple Leaf Gardens in Toronto have tested positive for COVID-19. Loblaw says it closed the store briefly to allow for additional cleaning and has since reopened.
Five business groups urge Ontario to halt commercial evictions during pandemic
TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
COVID-19: Worries grow that consumers won't come back to malls
Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close
S&P/TSX composite starts week higher, U.S. stock markets closed for holiday
TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
Vermilion Energy president and CEO Anthony Marino steps down from company
CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
No mask, no service? Businesses have the right to require masks on customers
TORONTO — If you were hoping to get out of putting on a face mask to visit stores and other businesses demanding customers wear one, think again.
Vedanta’s delisting plan: What choice do shareholders have?
The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher
China hits out at US for blacklisting firms
China condemned the US for adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate furth
Government may issue 3-4 new 10-year benchmark securities this fiscal
The government may end up issuing three or four new 10-year benchmark securities instead of the usual two it has been issuing each of the past years, as it will be borrowing more in FY21 amid the pan
Uttar Pradesh looks to provide employment, insurance to migrant workers
The State looks to set up a commission to workers’ rights, and to provide them socio-economic-legal support
‘Impact investing is going to be the mainstream’
Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns
Farmers, NGOs oppose KCR’s regulating farming plan
Telangana Chief Minister K Chandrashekar Rao’s plan to regulate farming in the State has met with strong criticism from farmers, farmers’ unions and non-governmental organisations (NGOs) working in th
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
Time to hike edible oil import duties: SEA
As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p
Lack of permission to operate special chartered flights hurts seafarers’ job prospects
Lack of government permission by Monday to a ship management company to run a chartered flight on May 28 to Colombo, will kill the employment chances of some 150 Indian seafarers on board five ships.T
How is Covid-19 playing out in rural India?
Even if the incidence of infection is not high in rural areas, its affect on rural-urban migration has debilitated livelihoods
Tamil Nadu allows domestic flight operations, issues SOP for airports
Tamil Nadu, late on Sunday, gave nod for domestic flight operations in the State from today.Flights to Chennai, Coimbatore, Madurai and Trichy are to operate from today. However, incoming flights to b
Heat wave drives Delhi’s peak power demand to season high of 5,268 MW
Expected to touch last year’s peak of 7,409 MW by July: Tata Power-DDL
States pitch for maximum permissible use of Consolidated Sinking Find
Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds
True Elements’ customers can now track quality of products to ensure safety
For True Elements, a zero-sugar breakfast and snacks brand based out of Pune, the nationwide lockdown due to the Covid-19 pandemic was the ideal time to come up with one more innovation. Its customers
Covid-19: FSSAI extends deadline for compliance norms for traditional sweets
In a relief for traditional sweet makers, the Food Safety and Standards Authority of India (FSSAI) has decided to extend the deadline for enforcement of certain mandatory compliance norms for non-pack
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
ILO expresses deep concern at ‘suspension’ of labour laws
Appeals to Modi to uphold international commitments
Amphan cyclone: IRDAI asks insurers to hasten settlement of claims
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to hasten settlement of claims pertaining to the cyclone Amphan. In a circular, it said there were reports of
Most agritech start-ups have seen a V-shaped recovery: Omnivore’s Kahn
Omnivore, the largest agritech-focussed venture capital firm in the country, has continued to make fresh and follow-up investments in two dozen Indian startups despite the crisis triggered by the Covi
Wheat procurement surpasses last year’s target
:A spectacular 55 per cent increase in wheat procurement in Madhya Pradesh as compared to the previous rabi marketing season has helped government agencies to surpass the total procurement of 341.3 la
Centre’s Covid response ticks all boxes
The stimulus package addresses demand and supply issues, while boosting production to help India be part of global supply chains
NGOs being starved of funds
Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR
Erosion of fiscal federalism in the times of Covid-19
As the Centre steamrolls policies on cash-strapped States, the fiscal demands the current pandemic have put extraordinary pressures on State finances
Indian innovators step up to make world class ventilators
‘These ventilators will cost only a fraction of foreign made ones’
Paper cone, tube manufacturers in dire straits
The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik
Significant uptick in essentials; salience for larger-size packs
Chaos reigns at airports as domestic flights take off after 2-month gap
Tweaking of flight schedules led to cancellation of several flights
Mandating download of Aarogya Setu may be unconstitutional, say experts
Even as confusion reigns over whether the Aarogya Setu app will be made mandatory for airline travel, legal experts and cyber activists say that any efforts to make it compulsory would be anti-constit
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
The new normal: How coronavirus pandemic is changing consumer behaviour
Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which
How the Sunrise Foods buy spices up business for ITC
The move strengthens the tobacco major’s push towards non-cigarette FMCG business
More time needed to open up air travel in Maharashtra: Uddhav Thackeray
Lockdown cannot be lifted abruptly, next 15 days crucial, says CM
Battling Covid-19: Denmark keen to share best practices with India
Both countries to share best practices, exchange information in medical research, testing kits, vaccine development
‘Material disclosure’ is imperative at this time
Investors need to be frequently updated on Covid-19’s impact on companies
Tamil Nadu records 805 new Covid-19 cases on Monday; employees from private firms test positive
Employees in some of the companies in and around Chennai are now reporting positive for Covid-19.Nokia Solutions and Networks India shut its Sriperumbudur plant after about 20 of its employees tested
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
Fast Track mergers: MCA keen to extend facility to more classes of companies
asks industry to come up with comprehensive suggestions
Hard times for Boeing, long a symbol of American might
Hard times for Boeing, long a symbol of American might
Josephine Teo waives S$1,000 donation demand over corruption allegations
Josephine Teo waives S$1,000 donation demand over corruption allegations
China warns US of countermeasures over Hong Kong trading threats
China warns US of countermeasures over Hong Kong trading threats
New payment to support Kiwis through COVID
Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development
Rushed Log Legislation Deserves The Chop
Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.
“Pest” Wallabies Could Be Earning Money For NZ
Wallabies given a dishonourable mention in government’s recent budget as a pest needing money to combat them, could be earning valuable local and export dollars money by way of meat and hides says a hunters’ environmental advocacy the Sporting Hunters Outdoor Trust.
CLT Grants Go Where Increased Need Is
“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.
Govt Should Delay Road Tax Increase Due To Economic Crisis
“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.
COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience
The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.
Labour Undermining The Election By Keeping Us At Level 2
“Labour and Jacinda Ardern are undermining this year’s election by keeping New Zealand at Alert Level 2 for another month,” says ACT Leader David Seymour.
JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update
FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.
MediaWorks announces 130 job losses
MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.
NZ Can Look To East Asia To Prepare For Next Pandemic
Wellington, 25 May 2020 - To prepare for the next virus pandemic, New Zealand has plenty to learn from the successes of three East Asian states, according to a summary report from The New Zealand Initiative.
COVID-19 checkpoints ‘up to them,’ Bonnie Henry says of remote B.C. villages
Support local tourism economy, but only if you’re invited in
Call for financial safety net for vulnerable workers
WITH thousands left reeling from sudden layoffs and redundancies in Jamaica and across th...
Business owners urged to adjust to survive
MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...
Half of English-speakers, 90% of French-speakers support sovereignty - Inside Israel
Poll finds plurality of English-speakers, overwhelming majority of French-speakers in Israel support application of sovereignty.
How will the economic 'cold war' between China and the US end? - Radio
Jonna Bianco, founder of the American Bondholders Foundation, talks about the ways to solve the crisis between the two powers.
No more grants for the self-employed, Treasury says - Inside Israel
Treasury says the economy is back to normal.
Xiaomi clears its 4G smartphone lineup - focuses on 5G now - Gizchina.com
Presently, the smartphone industry is moving into the hub of the 5G era. No doubt, the development of 5G is not complete yet. In addition, ...
China's Tablet PC Market Report For The First Quarter Of 2020
The epidemic has affected all manufacturers. But the most affected tablet PC maker is Lenovo. Huawei still ranks first with a market share of 40.2%.
Inside AfDB 'whistleblower' allegations against Akinwumi Adesina
Mr Adesina denies wrongdoing and the Bank's ethics committee sides with him.
Why Africa can’t afford further delay on AfCFTA -- AFREXIMBANK
The devastating impact of the coronavirus pandemic on Africa’s economy has shown that the continent can ill-afford a further delay in the implementation
How we selected over 1,000 new recruits -- NNPC
The corporation says professional competence, transparency, accountability and federal character are primary considerations in its employment.
COVID-19: Over N10 billion approved for health intervention grants - CBN
Mr Okorafor said the applications covered two broad categories under the COVID-19 intervention programmes in the healthcare sector.
Traders report tomato shortage as pest reappears in Kano
Tuta Absoluta, also known as Tomato Leafminer or Tomato Ebola, was first recorded in Nigeria in 2015 but has reappeared and ravaging farms across Nigeria
With State of Emergency Lifted, Japan Begins Gradual Reopening
Retailers in Tokyo began opening their doors last week, but some will continue to wait.
Scots Volkswagen drivers to receive millions in payouts after emission scandal ruling
Scots solicitors have made the claim after a landmark German ruling.
Homes needed for thousands of 'spare' Cadbury's Easter Eggs in massive giveaway
The National Trust for Scotland has already donated around 15,000 Easter Eggs to hospitals, food banks and community groups around the country
Amazon Handmade launch Rainbows of Hope storefront in support of NHS
There are 20 products available in the range with a portion of sales going to NHS Charities Together
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
Atlassian has released its COVID-19 survey to the public, as it encourages other organisations to use surveys to find how workers are coping with the pandemic
Software giant Atlassian has been using an internal survey tool to help determine how employees have been feeling as they work from home during the coronavirus pandemic. The survey has helped the company see what its workers need and what it can do to support them.
This Australian founder made $25 million from the COVID-19 pandemic
Jeromy Wells, the chief executive and founder of listed cloud communication platform and workflow software company Whispir, denies COVID-19 is the best thing that has ever happened to him.
The federal government's $60 billion in JobKeeper savings could be used to prop up vulnerable sectors like tourism – but casuals and visa workers will again miss out
Having discovered an accounting error $60 billion in its favour, the Morrison government is ready to go spending.
Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion
Get ready: cult favourite seltzer brand White Claw is coming to Australia.
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
40 Percent of Factories Halt Operations as Business Declines
The Chamber of Mines and Commerce said on Sunday that 40 percent of factories across the country have halted their activities due to a lack of raw material and lack of mark
Chinese Tech Giant Criticizes US for 'Politicizing Business'
One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government ent
Germany's top court to rule on compensation for Volkwagen 'Dieselgate' scandal
Almost five years after Volkswagen's admission to cheating on regulatory emissions tests involving millions of cars, Germany's top court will on Monday finally rule in a battle over compensation for…
Taiwan promises 'necessary assistance' to Hong Kong's people
Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after a resurgence in protests in the ...
CPF, HDB, IRAS to resume operations at service counters from Jun 2, by appointment only
SINGAPORE: Selected government service centres will resume operations from Jun 2, but by appointment only, as Singapore exits the COVID-19 ...
Dutch court rejects attempt to stop 5G rollout over health concerns
AMSTERDAM: A court in the Netherlands on Monday rejected a suit brought by a group seeking to halt the country's 5G telecommunications network ...
VW loses landmark German case as diesel owners stand to receive damages
A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a ...
COVID-19: Hundreds test positive at meatpacking plant in Brazil
SAO PAULO: Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company ...
Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...
UK's Sunak authorises bailout plan to rescue strategically important companies
LONDON: British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the ...
Commentary: The biggest restructuring exercise facing Singapore businesses has just begun
From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
China's proposed national security law should be on G7 agenda: Former Hong Kong governor
The United Kingdom should ensure that China's efforts to impose a new national security law on Hong Kong are on the agenda for the G7 meeting in ...
SIA investigating after pilot who flew into Bangladesh airspace couldn't give clearance number
SINGAPORE: Singapore Airlines (SIA) is investigating an incident where a pilot who flew into Bangladesh airspace was unable to provide a clearance ...
Thousands without power in Western Australia after once-in-a-decade storm
MELBOURNE: Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning ...
Hong Kong law society condemns attack on lawyer during China security law protest
HONG KONG: The Law Society of Hong Kong has strongly condemned an assault on a lawyer during Sunday's (May 24) protest against a controversial ...
German government, regions tussle over reopening from COVID-19 lockdowns
BERLIN: Germany's central and regional governments were at odds on Monday (May 25) over when and how far to ease contact distancing rules, with ...
Goodbye office: Is the future of work in our homes?
SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...
US aide renews warning on China's proposed law for Hong Kong
A top White House aide renewed a warning on Sunday that the US might revoke Hong Kong's special trading privileges if China enacts a tough new ...
Aston Martin's chief to leave as a part of shake-up
GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
China threatens US counter measures if punished for Hong Kong law
HONG KONG: China on Monday (May 25) threatened counter measures against the United States if it was punished for plans to impose a sedition law on ...
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...
In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...
'We have to ration our meals': Malaysians share their struggles after COVID-19 left them jobless
CNA spoke to five Malaysians who were left unemployed because of the COVID-19 pandemic. It has been a daunting experience having no income to make ...
Lufthansa, German government agree on rescue package: dpa
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...
In Philippine slums, heat, hunger take a toll under lockdown
MANILA: One by one, Michelle Asinto's six children take the plate of rice doused in soy sauce and eat their share before passing it on. This is ...
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Rich, but household debt is growing: A time bomb for South Korea?
South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...
Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19
TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...
Nordic investors turn up heat on coal in climate campaign
Nordic investors turn up heat on coal in climate campaign
Dollar holds advantage as Hong Kong tensions test risk-wary investors
Dollar holds advantage as Hong Kong tensions test risk-wary investors
NASDAQ Awaits Other Indices To Follow Its Lead; V-Recovery In Place (For Now)
Stocks Analysis by Declan Fallon covering: S&P 500, US SmallCap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Top 5 Things to Know in the Market on Monday, May 25th
Top 5 Things to Know in the Market on Monday, May 25th
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
Hong Kong And Chinese Markets Face Economic, Political, Technical Headwinds
Stocks Analysis by Candy Matheson covering: Hang Seng, Shanghai Composite. Read Candy Matheson's latest article on Investing.com
Earnings Estimates Decline Further, Pushing Stock Market Valuations Even Higher
Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, SPDR S&P 500, Apple Inc. Read Michael Kramer's latest article on Investing.com
Slump in consumption, exports push Germany into recession in first quarter
Slump in consumption, exports push Germany into recession in first quarter
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Thai central bank governor Veerathai will not seek 2nd term
Thai central bank governor Veerathai will not seek 2nd term
Explainer: Emerging get-tough consensus among Trump's China advisers tested by Hong Kong debate
Explainer: Emerging get-tough consensus among Trump's China advisers tested by Hong Kong debate
WHO warns of 'second peak' in areas where COVID-19 declining
WHO warns of 'second peak' in areas where COVID-19 declining
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
EU eyes first face-to-face summit in months to haggle over budget
EU eyes first face-to-face summit in months to haggle over budget
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Brazil still plans to privatize 43 airports through 2022: minister
Brazil still plans to privatize 43 airports through 2022: minister
Nissan and Renault shelve merger plans to repair their alliance: sources
Nissan and Renault shelve merger plans to repair their alliance: sources
Gold Down Over Escalating U.S.-China Tensions
Gold Down Over Escalating U.S.-China Tensions
Gold Trading Along Last Week’s Lows
Commodities Analysis by Sunshine Profits (Paul Rejczak) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com
Japan PM Abe: to lift state of emergency for all of Japan today
Japan PM Abe: to lift state of emergency for all of Japan today
3 Reasons Bitcoin Will Ultimately Break Out To The Upside
Market Analysis by Andy Hecht covering: BTC/USD, Bitcoin Futures CME. Read Andy Hecht's Market Analysis on Investing.com
Mexican auto industry groups urge Puebla state to allow operations to restart
Mexican auto industry groups urge Puebla state to allow operations to restart
Merkel's conservatives want stimulus package to include tax relief: document
Merkel's conservatives want stimulus package to include tax relief: document
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
Scott Sumner On The Government's Response To COVID-19 And The Future Of Level Targeting
The Fed needs to be more aggressive addressing the macroeconomic problems stemming from COVID-19, and adopting a level target may be one solution. Scott Sumner
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
What To Do When Your Employer Cuts Your 401k Matching
Even many Americans that still have jobs are seeing pay and benefit cuts. 401k matching is often one of the first things on the chopping block. If your employer
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
DBB: Reopening Economies Could Lead To More Upside For Base Metals
DBB has recovered rather slowly since it reached its lowest since February 2016 on March 23. In contrast with equities, base metals have not enjoyed a fast rebo
Celsius: Hold On For The Ride
Celsius's potential TAM is massive and should support many years of strong growth. Even with COVID-19 substantially disrupting marketing, the company is still s
Pick Your Bias And Selective Data Will Support
Different investment horizons favor different inputs. There currently appears to be a tug of war between the inputs that please bulls and bears. I expect prior
Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per
Teladoc Health: The Growth Is Here To Stay
Teladoc Health recently reported impressive Q1 2020 results and management provided strong full-year 2020 guidance. This new market darling has a strong bull ca
Why Entravision Communications Stock Could Be A Solid Play For Your Deep Value Portfolio
Entravision Communications is a major owner/operator of Spanish-language TV and radio stations. COVID-19 may mean an ugly Q2, and headwinds could persist throug
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
Fed Chiefs Speak: Reading Between The Lines
On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil
There's Always Something To Worry About (And That's Bullish)
Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa
Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable
Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev
Compression
Risk assets are compressing to Treasuries. Part of this has been the Fear Factor as coronavirus pushed Treasury prices higher as a run towards the safest of hav
Suncor - Immediate Action Will Mean Stronger Returns
Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q
SeaChange Warns Of An Abysmal Q1 As Customers Continue To Delay Purchase Decisions
Discussing recent Q1/FY2021 earnings warning. Customers continue to delay purchase decisions, resulting in an at least 55% sequential revenue decrease with like
NZD/CAD: Downside Pressure Likely
NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,
McBride: A European COVID-19 Winner, But Basic Challenges Remain
COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for
What Investors Can Learn From Sears And J. C. Penney
History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo
Campari: Stock Is Too Expensive As Restaurants Remain Closed
First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte
IPG Photonics: Buy On Weakness
IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your
An Analysis Of Dropbox And Box For The Work-From-Home Era
Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo
Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now
Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
Whether To Give Up Dumpster Diving
I discuss the news that Tuesday Morning could file for bankruptcy this week. I reflect on the prospect of quitting 'dumpster diving.' I share a painful lesson o
Twilio: Coronavirus Accelerating Positive Trends, Downside Ahead
TWLO blew out Q1 expectations, as the coronavirus did the opposite of what people expected and accelerated its business. If you think about it, this is pretty i
Square: Soon To $100/Share And Beyond
Square's Cash App has seen explosive growth, expanding its ecosystem of services. My discounted cash flow valuation model suggests that shares have further upsi
High Yields From Tax-Advantaged Debt: America First Multifamily
COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
Natural Gas Bounce - As Expected
A higher low in the energy commodity. The signs of falling production continue. Trading from the long side in natural gas. Why UGAZ is a far better instrument t
Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update
Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc
Capturing The Trend In Cryptocurrencies
Bitcoin's price volatility reaches 6-year high. The upward momentum of cryptocurrencies can create enormous returns on investment, but the downside risk is subs
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
What Do The Latest PMI Surveys Suggest About The State Of The Economy?
Is the economy contracting at a slower pace than in April? Is more coronavirus relief on the way for Europe? The latest on equity market performance.
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy
The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the
100 High Yielders Down Big: These 4 Are Worth Considering
While the tech-heavy Nasdaq 100 nears all-time highs, select big dividend stocks remain attractively priced. This report shares data on over 100 high yield stoc
Sberbank: The Downside Is Limited
As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
Precious Metals: Panic Buying Is Unsustainable
Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat
The Week Ahead
The economic calendar is light. With shutdowns easing in May, April data is too dated to be of much interest to investors. The preliminary May PMIs last week of
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
The Arrival Of The 'Unavoidable Pension Crisis'
I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued
The Week Ahead, S&P 500 Futures Are Up +1% And Poised To Reach 3,000
If after reading this article you conclude that I haven't gotten over the short shrift stocks gave the China-US rift last week, you'd be right. The futures for
OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward
The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement
A Contrarian View On JetBlue
JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar
Siemens Healthineers: Excellent Company, But The Valuation Doesn't Scan
Healthineers is one of the world’s leading medical technology companies with a leading position in imaging and advanced therapies. Its diagnostics division has
Merger Arbitrage Analysis And Spread Performance - May 24, 2020
ForeScout Technologies declines following the accusation of a MAE and subsequent legal action. COVID-19 forces investors to reanalyse merger arbitrage risks. Av
Shopify Is Taking The E-Commerce World By Storm
Lately, Shopify (SHOP) is firing on all cylinders. The company announced a series of new features on its May 20 Reunite event, together with a new partnership w
Silver's Silver Lining
Investors may consider some exposure to silver as the multi-year, supply-demand surplus scenario looks to be transitioning towards a more favorable picture. On
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
Arista Networks: Free Cash Flow To Drive The Stock Back To $300
Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr
The Reason Target Has Those Giant Red Concrete Spheres Outside
The giant red spheres, a.k.a. bollards, outside Target's stores do help reinforce the brand's red bullseye logo, but they’re mainly there to keep shoppers safe.
Power station chimneys brought down in carefully planned demolition
Eight nearly 140-metre-tall chimneys at Victoria's defunct Hazelwood Power Station have been demolished in just one minute.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
Young people dominate early super withdrawals
Young Australians comprise the majority of people making early withdrawals from their superannuation, as the COVID-19 crisis sweeps through the economy.
JobKeeper to be reviewed – but Treasurer rules out expansion
The Treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.
Skills and training overhaul to form centrepiece of PM’s economic recovery plan
Prime Minister Scott Morrison will unveil major changes to skills and vocational training in a major economic speech about coronavirus recovery.
ITC Spice Business To Strengthen With Acquisition of Spice-Maker Sunrise Foods
ITC has entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Kolkata based spice maker Sunrise Foods Pvt Ltd.
Hoggets bear brunt as factories slash sheep prices
Last week those in the trade were beginning to speak about factory prices being “on a knife edge”. By yesterday morning quotes for spring lambs had been pared by 10c/kg.
Eir sells its towers for €300m
Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.
China's pork imports in April jump 170% to record high
China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
FBD plans to ask court to delay cases taken by most publicans
Insurer FBD says it intends to ask judges at the Commercial Court not to hear additional legal actions taken against it by publicans who say their cover is not being honoured, until a case now underway is decided one way or another.
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
Beef trade: Data backs up expanding influence of the dairy sector on the beef industry
While putting this week’s report together different factory agents used different analogies to describe how they now see trade.
Armagh farmer linked to motor ‘chop shop’ after police search
A farmer accused of involvement in a ‘chop shop’ of high-value stolen cars being run by an organised crime gang on his land was refused bail yesterday.
Slump in consumption, exports push Germany into recession in Q1
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.
Japan set to end Tokyo’s state of emergency
Japan is set to remove a coronavirus state of emergency from Tokyo and four other prefectures on Monday, allowing businesses to gradually resume.
What to expect as Aryzta prepares to publish results?
A shareholder plan to oust a chunk of Aryzta’s board will be a key focus for investors tomorrow as the embattled Swiss-Irish baked goods company releases third quarter figures.
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
US Air Force ends height restrictions in hopes of attracting more female pilots
Air Force officials said that aircrafts were largely built for males, and made things more challenging for female applicants.
RBA to update transaction processing and settlement system for new payment streams | ZDNet
The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.
Covid-19: Petition filed in Delhi HC seeks coronavirus relief materials to Aadhaar, voter ID card holders too
The plea added that the action is violative of Article 14 of the Constitution of India, which provides that the State shall not deny to any person equality to its citizen.
UP CM Yogi Adityanath’s decision on other states needing UP govt nod to employ its migrant workers is harmful, hurried, says BSP
Yogi Adityanath government had said that states seeking to employ workers from Uttar Pradesh in future will need to take the state government's permission.
Delhi sizzles at 45 degrees celsius, rain expected after 4 days, says India Meteorological Department
India Meteorological Department said rainfall with thunderstorm are expected after four days in Delhi.
Challengers beat incumbents on account opening experience
Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.
Stock Market Boost: Unemployment Outlook Shifts To Positive
The unemployment trend, no longer rising, now looks ready to decline
Pandemic Receding, Investors Review The Fallout
But if we are dealing with this come July, markets are going to reassess big time.
Business Leaders Need To Show The Way To A Post-Virus World
With politicians generally floundering in their attempts to reveal a route out of lockdown, executives have an opportunity to give a lead.
Southern Company: Still A Stock To Own?
In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.
Who Wins In Recessions? The Rich And The Lucky
While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.
A Pandemic Stampede To The Hamptons Leads To A Desperate Search For Summer Rentals
COVID anxiety is even reaching beyond summer as families ponder a permanent residence in the Hamptons.
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
Survey: 44% Of Nonprofits Anticipate Further Staff Cuts Due To Coronavirus
A new survey of more than 750 nonprofits around the U. S. finds that 18% of nonprofit staff has been furloughed or laid off already — and 44% of respondents anticipate even more layoffs to come.
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Here’s How Much Money Private Investigators Make In Every State
Find out where private investigators earn the most money in the United States, and where they earn the least.
Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?
U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’
Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...
Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform
The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.
China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19
China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Coronavirus Losses: Arizona Nonprofits Assess ‘Tip Of The Iceberg’
Coronavirus-related shutdowns have cost Arizona’s nonprofits more than $800,000 worth of volunteer hours, and counting, according to a survey by the Alliance of Arizona Nonprofits.
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
How To Sustain And Strengthen Company Culture Through The Coronavirus Pandemic
Shape, cement and leverage company culture through difficult times.
Report From Italy – How Consumers Act As Retail Reopens
I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
China Will Use Its Digital Currency To Compete With The USD
Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.
3 Ways Every Company Should Prepare For The Internet Of Things
The Internet of Things (IoT) is a technology trend that will impact every business. With the amount of smart connected devices exploding, here is how every company can get ready.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.
China's aggressive push for Hong Kong national security laws could lead to US sanctions, White House official says
The White House national security adviser, Robert O'Brien, said China's actions indicated the country was "going to basically take over Hong Kong."
Trump restricts travel from Brazil as its number of coronavirus cases spike
President Donald Trump's order, set to take effect Tuesday applies to noncitizens who were in Brazil within 14 days of trying to enter the US.
Beijing says it will unilaterally impose national laws in Hong Kong 'without delay' as thousands take to the streets in protest
Critics worry that the new laws could hurt Hong Kong's independence and the city's position as a financial center.
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.
How much the average homeowner pays for insurance in the US, by state and home value
The value of your home, where you live, and the coverage level you choose can all impact your homeowners insurance cost.
Netanyahu becomes the first Israeli prime minister to stand trial over corruption and fraud cases
Last year, Netanyahu was indicted on bribery, fraud, and breach of trust charges as part of three separate corruption cases.
The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.
The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
UP government to set up migration panel to ensure job security
The UP government has decided to set up a migration commission in a bid to provide employment and social security to migrant workers. The commission,
West Bengal: Mission turnaround after Amphan misery
Chief minister Mam-ata Banerjee’s direct intervention and the joint action by central and state agencies on the ground seemed to have brought about a
Health products get a boost as desis look to build immunity
India Business News: As the coronavirus pandemic rages, health has become an important element even in food and grocery items. Indians are warming up to the idea of buildi
Armies of India, China appear heading towards biggest face-off after Doklam
India News: NEW DELHI: Indian and Chinese troops remained engaged in an eyeball-to-eyeball situation in several disputed areas along the Line of Actual Control in.
Government allows private jets, charter flights on domestic routes
India Business News: The ultra rich can once again jet around the country in their luxury private or charter aircraft. The aviation ministry from Monday allowed domestic a
China to evacuate citizens from India
India News: NEW DELHI: In what seems like a political move in the midst of strained relations and a military stand-off in the Himalayas, China has said it will ev.
Wanted: Leaders who can bounce from crises
India Business News: Resilience has emerged as the most important trait in a leader steering an organisation. The last two months of uncertainty, brought on by the coronav
Japan set to lift coronavirus emergency as cases slow
Rest of World News: Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy after
To focus on floods now, Assam wants to close home-bound movements by June 30
Assam government wants to wrap up the process of receiving the home-bound people of the state from outside and of their subsequent quarantine by June
Need to adopt AI aggressively to ensure inclusive development in corona-hit world: Ravi Shankar Prasad
India Business News: Emphasising that the government’s Aarogya Setu app protects individual user’s privacy, Telecom and IT Minister Ravi Shankar Prasad said on Monday that
SC allows Air India to operate flights till June 6 with middle seats filled to fly stranded Indians
India Business News: The Supreme Court on Monday allowed Air India to keep the middle seats occupied while operating its non-scheduled flights to bring back Indians stran
CBIC clears Rs 11,052 crore GST refund claims since April 8
India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s
Trays used to keep wallet, mobile, laptop for x-ray sanitised after every use: CISF
India Business News: Amid the contactless travel experience at post-pandemic airports, travellers need not worry about putting their belongings in a tray for passing throu
Govt releases Rs 1,000 crore to West Bengal; central team to visit soon to assess cyclone damage
The rescue-and-relief operations in West Bengal were discussed at a meeting of the National Crisis Management Committee (NCMC), headed by Cabinet Secr
Taiwan promises 'necessary assistance' to Hong Kong's people
Rest of World News: Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after a resurgence in protests in the Chinese ru
Last-minute cancellations cause chaos as air travel resumes
India Business News: Domestic air travel had a bumpy take-off on its comeback on Monday after two months of being grounded, thanks to an already sanitised first-day sched
Domestic flight services resume in India after 2 months amid 630 cancellations
India Business News: Domestic passenger flights resumed in India after a gap of two months. The Delhi airport saw its first departure at 4.45 am to Pune while Mumbai airpo
Flyers to Jammu, Srinagar to land in Quarantine, 6 Officers put on guard
Exempts 8 Categories of passengers to HQ after RTPCR test on arrival A day before domestic flight operations resume in the country, the Jammu and Kashmir Administration has appointed two senior officials each for the two civil airports at Jammu and Srinagar to assist the Nodal Officer and the respective Deputy Commissioners to handle the […]
Army denies reports of detention of Indian soldiers by China
NEW DELHI: Denying the reports of detention of Indian troop by Chinese Army, Indian Army on Sunday issued a formal denial on the issue. On Saturday, the Army had termed the media reports about detention of an Indian troop as “inaccurate”. Amid tensions simmering in Ladakh at four places at the Line of Actual Control […]
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Japan set to end Tokyo’s state of emergency
The measure has been in place in the city since April 7.
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
Lotteries need a loan
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Better off staying closed?
Some businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government's plan to safely and gradually re-open the economy, according to Val Litwin, president and CEO, BC Chamber of Commerce.
Changes will likely stay
Ken Beattie is old enough to recall when B.C. pubs had to keep their doors closed to anyone looking for a cold one on a Sunday.
Route cleared for GasLink
Clearing for the first two spreads of Coastal GasLink pipeline construction through the Peace region is nearly complete.
United Kingdom may remove all Huawei equipment from its 5G networks
Huawei has been in hot water for over a year now, with the United States blocking most trade with the company and various countries ripping out
How coronavirus might hit EU defence spending
Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.
Understanding VC cycles for post-pandemic success
VC investing is currently in a 'triage' stage. Here's a look at how that will change as we gradually emerge from the pandemic.
Reliance launches JioMart online grocery service, challenging Amazon and Flipkart
Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.
Tech and property upgrades on the way for Victorian kinders to support three-year-old roll out
Kinders throughout Victoria have been invited to apply for grants for facility upgrades and the purchase of new technology to prepare them for the roll-out of funded universal Three-Year-Old Kindergarten, the Victorian Government announced late last week.
Ambegaon tribals cry Constitutional violations, point to local eco damage
Complaint to higher authorities claims revenue officials permitted huge excavation in scheduled areas during lockdown
Lenovo helps schools shift to remote teaching for free
To support the education sector in rapidly shifting to digital ways of teaching and learning, global tech and innovation leader Lenovo, in collaboration with Microsoft, is sponsoring two presentations in the ongoing EduTech Live Webinar series.
Wanted Saudi nat’l barred from leaving
AN overstaying Saudi Arabian national wanted by authorities in his country for fraud and embezzlement was barred by the Bureau of Immigration (BI) officers at the Ninoy Aquino International Airport (NAIA) from leaving the country.
Isko lauds MTPB for helping deliver food aid
THE Manila Traffic and Parking Bureau (MTPB) headed by Dennis Viaje was commended by Mayor Isko Moreno for helping deliver food aid and rice to the city-based three-wheel public utility drivers numbering at least 17,000.
QC completes SAP distribution ahead of 4 Metro Manila cities
AHEAD of four other Metro Manila cities, the Quezon City government has reported complete the Department of Social Welfare and Development (DSWD) Special Amelioration Program (SAP) distribution as of May 20.
PNP to go hammer and tongs vs 405 for SAP aid anomalies
PHILIPPINE National Police Criminal Investigation and Detection Group director, Major General Joel Napoleon M. Coronel, yesterday said a total of 405 persons are under fire for their alleged involvement in anomalies regarding the distribution of Social Amelioration Program (SAP) cash subsidy.
South End restaurants successfully start to reopen dining rooms at half capacity
“Historically Memorial Day Weekend you’re not that busy, but we were busy,” Suffolk Punch general manager Shan Sheheane said.
Upstate 19-year-old creates business to help with shortage caused by COVID-19
A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.
Belmont introduces open street dining to help downtown restaurants
The city set up chairs and tables for some social distancing dining, right there on the asphalt, to support nearby restaurants and shops.
Pub owners take FBD Insurance to court over Covid-19 disruption cover
Pub owners claim they are entitled to have consequential losses covered by what they say is an insurable risk.
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
Farmers and forest owners bristle at politicians screwing the scrum so that forest owners subsidise the domestic wood processing industry, potentially resulting in trade retaliation from export markets
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal
The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies
Eventful day at Bengaluru airport as domestic flights resume operations
Flight operations were scheduled to commence at 12.40 am but confusion and cancellation made the wait longer for security and other personnel at the airport.Several passengers tried to dodge authorities to escape institutional quarantine but with little success
Yogi Adityanath govt says 14-day quarantine for passengers coming from abroad
'Passengers coming from foreign countries will need to give a letter of consent to the effect that they will stay in 14-day quarantine,'UP Home Department said.Domestic flight operations resumed today across the country except in Andhra Pradesh and West Bengal
Rail Bhavan to shut down for 2nd time in fortnight as staffer tests positive
A fourth grade multi-tasking staffer, who last attended the office on May 19, tested Covid-19 positive. Nine of his contacts at the Rail Bhavan had been home quarantined.Offices at fourth floor of Rail Bhavan will remain close till Friday for thorough disinfection
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
Over 4 mn stranded migrants ferried in 3,060 'Shramik Special' trains in 25 days
The top five states where most of these trains terminated are Uttar Pradesh (1,245 trains), Bihar (846 trains), Jharkhand (123 trains), Madhya Pradesh (112 trains), Odisha (73 trains)
UP plans migration commission to help find jobs for workers returning home
Yogi Adityanath said other states will need permission from the UP government if they want to make use of labourers from Uttar Pradesh.The UP government will offer training, along with an allowance, to migrant workers once the skill mapping is over
Mint Lite | Top 5 news and views around the world
News and views, opinions and talking points from around the world to start your day
532 flights operated on Day 1, over 39,000 people travelled: Puri
'Action has returned to Indian skies,' tweeted Civil Aviation Minister after domestic flight service was resumed on Monday
Turbulent take-off for airlines amid last-minute changes in schedules
Only 532 of the scheduled 1,095 flights take off as airlines revise schedules to align operations with curbs put in place by states, leaving travellers fuming.Many passengers had to return from airports as airlines did not inform on cancellations until just a few hours before boarding
Jet Airways offers two Boeing aircraft for evacuation of stranded Indians
Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds
A GST cut can put auto sales on fast track to revival
The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look
Why cash can save the rural jobs scheme
India is set to spend over ₹1 tn on the world’s largest rural employment programme. Can it be made to work better?.Large work sites should be opened proactively in each panchayat without waiting for applications. Anyone who shows up should be allowed to work and payments should be in cash
Anglogold Ashanti shuts South African mine over 164 COVID-19 cases
The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s
Joint military operation by Ivory Coast and Burkina Faso kills 8 suspected terrorists
Twenty-four men caught in Burkina Faso and 14 in Ivory Coast were handed to intelligence services, a source at Ivorian army headquarters said.
U.S calls for probe against AfDB president
The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favoritism by Adesina. The 60-yea
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Huawei to be ousted from UK network
Plans to further reduce Huawei’s involvement in UK 5G infrastructure are being drawn up following growing anti-China sentiment in the wake of the coronavirus.
PA easing coronavirus restrictions in occupied West Bank
The Palestinian Authority (PA) has announced an easing of coronavirus restrictions in the occupied West Bank following a steady drop in the number of new infections.
PM Shinzo Abe declares end to Japan's coronavirus emergency
Japanese Prime Minister Shinzo Abe has lifted a state of emergency in Tokyo and four other areas that were still under coronavirus restrictions, gradually reopening the world's third-largest economy and calling on people to adapt to a "new normal".
Taiwan offers help to Hong Kong activists as China tightens grip
Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after a resurgence in protests in the Chinese ruled territory against newly proposed national security legislation from Beijing.
Ramaphosa: South Africa coronavirus lockdown to ease from June 1
South African President Cyril Ramaphosa has announced a further easing of coronavirus restrictions from next month in a move that will allow most sectors of the economy to reopen fully under "strict health protocols" and "social distancing rules".
US says China's HK national security law could lead to sanctions
China's proposed national security legislation for Hong Kong could lead to US sanctions and threaten the city's status as a financial hub, the White House has said.
Flights Cancelled, No Refunds: Chaos At Airports As India Resumes Air Travel
Several passengers complained that they were not given any prior notice and were only informed of cancelled flights when their boarding pass was scanned.
No Indian Soldier Detained, Says Army As Standoff With Chinese Troops Continues In Ladakh
The Chinese side has strengthened its presence in the Galwan Valley, erecting around 100 tents in the last two weeks.
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang
Expect to see Tolko’s Kelowna mill looking pretty much the same for months to come
The decommissioning and redevelopment of the Tolko lumber mill site on the waterfront in Kelowna is moving at a snail’s pace.“We’re still
Shoppers line up in downtown Montreal as retailers reopen to public
MONTREAL - Eager shoppers lined up outside some stores in downtown Montreal on Monday as retailers in the city were allowed to reopen for the first time sin
Green & Gold Cleaning Ramping Up for COVID Re-Opening, Growing Demand
Business is booming for Green & Gold Cleaning.With the province gradually re-opening and the business sector returning to work, cleanliness is going to
Okanagan distillery gets boost from Vernon brewery to create more hand sanitizer
Okanagan Spirits Craft Distillery has teamed up with a Vernon brewery to make even more hand sanitizer during the COVID-19 pandemic.The distillery has donat
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.
China tests global diplomacy and economy
The country risks nations’ pushback as it moves ahead with its ambitions under the cover of COVID-19.
Japanese government panel says time right to lift emergency in five prefectures
The Japanese government was set to end its nationwide state of emergency by lifting the order for Tokyo, its surrounding areas and Hokkaido on Monday.
Taiwan promises 'necessary assistance' to Hong Kong's people as protests reignite
Taiwan will provide the people of Hong Kong with "necessary assistance," President Tsai Ing-wen has said, after a resurgence in protests in the C
Crowdfunding projects help virus-hit businesses in Japan
Fundraisers in crowdfunding plans often provide donors with meal discount tickets and premium accommodation vouchers.
Japan's ANA leads way as masks become new normal in virus-era air travel
From June, All Nippon Airways will require all passengers to wear face masks inside airports and aboard aircraft.
Japan will aim to shore up travel demand from late July
The government will carry out support measures to shore up demand in the travel and restaurant industries hit hard by the coronavirus pandemic, starting la
Interns on COVID-19 duty in Ujjain demand stipends
Students of a private medical college face legal action for staying away from work
J&K tops in COVID-19 testing, says UT govt.
Testing capacity now stands at 8,100 samples per day
Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart
Updates from the world of economy, markets, and finance
Air passengers go into quarantine in hotels in Coimbatore
On the first day of resumption of air travel on Monday, 100 passengers reached the city. From the aircraft from New Delhi and Chennnai, the city received around 40 passengers and by the evening aircra
Area under gingelly expected to increase in Tiruchi district: official
The area under gingelly is expected to increase by about 200 hectares in Tiruchi district this year, thanks to a push given to oil seed cultivation under the Targeted Rice Fallow Area (TRFA) Oil Seeds
Government to stop maize procurement by month-end
Less than half of estimated maize produce procured so far
High-power panel seeks further inputs on gas leak incident
The high-power committee set up by the State government to probe the LG Polymers styrene vapour leakage incident on May 7 has decided receive further inputs till May 31 so as to submit its report with
90 % of promises fulfilled in first year itself: Jagan
‘Establishment of local secretariats a crowning achievement’
Farmers stage tractor march in Fatehabad against curbs on paddy sowing
Soil and climate not conducive for alternative crops such as maize, they say
Hyundai, Ford set to resume car exports
Lockdown impacted carmakers’ shipments
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
IHCL extends meal distribution for COVID-19 workers by a month
Indian Hotels Company Ltd. (IHCL) of the Tata Group has announced extension of its free-of-cost TajSats meal distribution programme for COVID-19 frontline workers by another month. Puneet Chhatwal, MD
HC seeks govt. reply on encroachment of tanks
Telangana High Court directed the State government to file counter affidavits in two PIL petitions relating to alleged encroachments of water bodies surrounding the State capital. A bench of Chief Jus
FM’s package of no use to micro enterprises: ex-CM
‘A fresh Budget must be presented in Parliament's next session’
Odisha’s plan of home delivery of liquor goes for a toss
People could not find any application platform to order liquor online and shop owners also insisted on offline selling
Officials swing into action asreturnees’ numbers swell
Zero in on NREGA to provide temporary livelihood
Watch | What are the benefits of GI tags and how are they awarded?
A video explaining the benefits of GI tags and how they are awarded
Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.
Increase in area of kuruvai cultivation expected
The Agriculture Department anticipates an increase of over 5,000 hectares (ha) in the total area of kuruvai cultivation in Thanjavur district this year.Last year, the shutters of Stanley Reservoir wer
Officials told to help draw up crop plans at village level
Farmers urged to strictly follow government advice on cropping pattern
‘We will not sow maize crop in coming season, heed government advice’
Farmers in more than 30 villages pass a resolution to follow regulated farming
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%
COVID-19: Senior sanitation supervisor at AIIMS dies
A canteen worker also died of the pandemic in the past week.
Farmers protest restrictions on paddy cultivation in Haryana
State government wants to encourage crop diversification
The problem with the liquidity push
Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
Bengal Govt. blames Calcutta Electric Supply Corporation for power collapse
‘The problem is not just because trees could not be removed. CESC told us they did not have enough staff,’ says Kolkata Municipal Corporation administrator Firhad Hakim,
54 flights to land at Bengaluru Airport on first day of resuming operations
Till 9 a.m. on Monday, five flights have landed at the KIA and 17 have taken off to various destinations
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
Tangedco urged to issue fresh directions on building completion certificate
Coimbatore Consumer Cause, a consumer organisation, has urged the Tamil Nadu Generation and Distribution Corporation (Tangedco) to give clear instructions to its officials so that they insist on build
Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan
The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister
Retired and re-employed, they add to burden on exchequer
Austerity measures fly in the face of several instances of lavish expenditure
Extend MGNREGA work to 200 days, says PMK
The PMK on Monday demanded that work under the Mahatma Gandhi National Rural Employment Guarantee Act be extended to 200 days instead of the present 100 days.In a statement, its founder S. Ramadoss sa
DDS to focus on ‘local’ aspect in farming
Farmers prepare seeds and fertilizer themselves on the lines of Atmanirbhar Bharat Abhiyan
Tirumala laddus fly off shelves in no time
Stocks at district headquarters evaporate in no time
Flight operations in Andhra Pradesh to resume today
The State government has listed guidelines for passengers and airlines in view of resumption of domestic operations in the country. An order by the Department of Infrastructure and Investments has bee
Liquor shops open in U.T.
The outlets will function from 10 a.m. to 7 p.m.
Japan ends state of emergency
Economy Minister Yasutoshi Nishimura told reporters that experts on a government-commissioned panel approved the plan to end the state of emergency that has lasted for more than a month and a half.
Masks, distancing norms and half-empty planes — passengers recount experiences at Chennai airport
‘It was surreal to see people wearing PPE throughout the journey’
Coronavirus lockdown | UK to reopen thousands of shops next month, says Boris Johnson
Johnson is keen to restart an economy which has been all but shut down since Britain entered a lockdown to try to stem the spread of disease.
ILO to PM Modi: ‘send clear message’ on changes in labour laws
A group of 10 Central trade unions wrote to ILO, seeking its intervention to protect workers’ rights and international labour standards.
NPA to start online classes from today
137 probationers to attend three classes for at least four hours a day as part of Phase-II training
Industry gearing up for normal activity
At present, many units run by scaling down production
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Grocery and grain market in APMC reopens
Pune district sees highest single-day surge of more than 450 cases
Subsidy for scooter scheme released
A sum of ₹8.88 crore has been released as subsidy for purchase of scooters for women under Amma scheme in Tiruvarur district.Disclosing this while handing over the keys to 216 beneficiaries at the Dis
Activists, writers urge PM to impose 2% wealth tax on the richest 1%
A host of activists and writers have petitioned Prime Minister Narendra Modi requesting him to impose “2% wealth tax on the richest 1% of the country” to fight COVID-19 pandemic. The signatories inclu
Uttar Pradesh releases skill map of migrant workers
State government says it will provide them jobs as per their skills, experience.
Land auction allegations a campaign to defame TTD, says Subba Reddy
‘The resolution was passed by the trust board in 2016’
AF’s second LCA squadron to spread wings from Sulur in T.N. on Wednesday
Air Chief Marshal RKS Bhadauria to operationalise the unit
Seven-day institutional quarantine mandatory in AP for flyers from six states
All the flyers who wish to come to the State have to enrol in Spandana website and obtain a clearance before buying tickets, order says
Domestic flight services resume at Tiruchi airport
IndiGo flight with 66 passengers from Bengaluru lands; airline cancels services on Chennai sector; passengers scanned on arrival
M&M organises service support for its vehicles on essential services
Also comes up with finance schemes for frontline staff
19 arrive in private airliner from Ahmedabad
As many as 19 passengers arrived in Belagavi from Ahmedabad, capital of the high-risk State of Gujarat, on a private airliner on Monday. A team of district officials, led by Assistant Commissione
A well-balanced stimulus package
It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms
CEO buys struggling New Zealand media company for $1
The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.
87 COVID-19 patients in Nainital came by same special train, says health department
The passengers came by the special train from Mumbai to Haridwar on May 20 and left in buses for Haldwani in Nainital district
Passengers left fuming as flights get cancelled at KIA
Airlines said some cancellations were owing to curbs imposed by other States on arrival of flights
Coronavirus | Rail Bhavan to shut down for 2nd time in fortnight after another COVID-19 case
Offices at fourth floor of Rail Bhavan will remain close till Friday for thorough disinfection, an order said.
Cancellations add to flyers’ woes at Chennai airport
Chennai airport handled only 19 departures and 17 arrivals on Monday
Cyclone Amphan | NDRF relief disbursed to West Bengal, Odisha
National Crisis Management Committee apprised of ground situation by West Bengal Chief Secretary
British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'
The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots
UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down
Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August
Best online flower delivery services: beautiful bouquets delivered straight to your door
Send a gift to a loved one or enjoy fresh flowers that come straight to your home address. We've rounded up the top sites for flower deliveries including Interflora, Moonpig and Bunches
Tesco announces two big changes to Clubcard scheme - and it's good news
The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
Fiji Airways terminate 775 staff: 'Devastating' airline sackings highlight the need for travel bubble
Fiji Airways' decision to let go nearly 800 staff due to the Covid-19 pandemic highlights the importance of establishing a Pacific "travel bubble" as soon as possible, an aviation expert says.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
Apprentices needed to work at Sizewell A nuclear reactor site
Four apprentices are being sought to work on one of the country’s oldest nuclear reactors currently being decomissioned on the Suffolk coast.
National Trust ‘deeply concerned’ as Sizewell C plans about to be submitted
National Trust bosses are “deeply concerned” about the impact a new nuclear power station could have on an “irreplaceable stretch” of the Suffolk coast and say they are still waiting for vital information about the project.
Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report
The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »
Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal
While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »
Domestic flight services resume in India after two months
NEW DELHI: After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states … Domestic flight services resume in India after two months Read More »
Hong Kong Security Chief Warns of Growing ‘Terrorism’ as Govt Backs Beijing’s Planned Laws
A masked anti-government protester holds a flag supporting Hong Kong independence during a march against Beijing’s plans to impose national … Hong Kong Security Chief Warns of Growing ‘Terrorism’ as Govt Backs Beijing’s Planned Laws Read More »
India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News
New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »
Taiwan promises ‘necessary assistance’ to people of Hong Kong
Taiwan will provide the people of Hong Kong with “necessary assistance”, President Tsai Ing-wen said, after thousands in the Chinese … Taiwan promises ‘necessary assistance’ to people of Hong Kong Read More »
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services
The airline owes more than Rs 8,000 crore to banks. The once-storied full service carrier is undergoing insolvency process and … Embattled Jet Airways Offers Two Boeing Planes to Repatriate Indians Year After Suspending Services Read More »
Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus
A customer wearing a protective mask enters an internet cafe at night in the Shibuya district of Tokyo, Japan, on … Japan to End Tokyo’s State of Emergency, Eyes Fresh $930 Billion Stimulus Read More »
UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19
Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnes
Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise
Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger t
Reg A+: Groundfloor Seeks Up to $10 Million in Series B Funding Round
Groundfloor is turning to SeedInvest to raise additional growth capital. Groundfloor has posted an offering page for indications of interest and, as
Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad
An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed
Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs
Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop
Canadian economy entering ‘unknowable times’ because of downturn from pandemic, Poloz says
Bank of Canada Governor says said the most pressing danger stemming from this uncertainty is that it could fuel serious deflationary pressures
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Day-to-day banking proving to be a struggle for some isolating seniors
When banks temporarily closed hundreds of branches in response to COVID-19, many seniors found themselves unable to pay bills, withdraw cash for groceries and manage their account balances
Volkswagen loses landmark German case as diesel owners stand to receive damages
The ‘dieselgate’ scandal has so far cost Volkswagen more than $32.7 billion in damages and regulatory fines
Taiwan promises ‘necessary assistance’ to Hong Kong’s people
Number of Hong Kong immigrants to Taiwan jumped 150 per cent in first four months of 2020 compared to same period in 2019
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation
This tenth, and last, instalment of the Pandemic Personal Finance Update will look at 10 steps to guard your financial well-being
What every Canadian investor needs to know today
A look at the morning’s market action
Federal government plans to accelerate investments in high-speed internet for remote parts of Canada
Ottawa to launch website that will track broadband infrastructure projects through various stages of progress
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)
A roundup of investment ideas for active investors
Evening Update: Trudeau seeks paid sick leave for workers in bid for NDP support; Canadian vaccine candidate shows promise in animal tests
Also: More reopenings in hard-hit areas of Quebec and Alberta
Five business groups urge Ontario to halt commercial evictions during pandemic
Ontario Premier Doug Ford has previously declined to freeze commercial evictions
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
Monday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
Japan to end Tokyo’s state of emergency, eyes massive new stimulus
World’s third-largest economy has escaped an explosive coronavirus outbreak
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
Toronto Zoo trying to innovate as it faces budget crunch
Zoo offers drive-through exhibit as it reopens, but attendance was falling for years before pandemic
Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19
Calin Rovinescu was on track to receive around $12.9 million in total compensation last year
N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic
Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
Four ways to create more diversified and resilient portfolios
Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19
Ukraine's Mriya giant brings medical cargo to Canada to fight COVID-19 (Photo, video)
The total weight of the batch is 130 tonnes.
Australian dollar to the moon as freedom dies
See the latest Australian dollar analysis here:
Andrew Liveras doesn’t know what he’s up against
He’s getting some nice press though:
Why markets don’t care about Hong Kong
Via the excellent Damien Boey at Credit suisse:
Industry funds pummeled by early superannuation withdrawals
The Australian Prudential Regulatory Authority (APRA) has released its weekly update on the Morrison Government’s early release policy, which reveals that another 1,650 million funds were withdrawn in the week ending 17 May, with total withdrawals topping $10.6 billion:
Australia’s international trade took a dive in April
The ABS has released preliminary international trade data for April, which has registered solid falls in both imports and exports:
Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)
Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
6,668 Shares in AmerisourceBergen Corp. (NYSE:ABC) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC purchased a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,668 shares of the company’s stock, valued at approximately $590,000. Other hedge funds also recently added to or reduced their stakes in […]
1,396 Shares in Mercadolibre Inc (NASDAQ:MELI) Purchased by Fiera Capital Corp
Fiera Capital Corp acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,396 shares of the company’s stock, valued at approximately $682,000. A number of other hedge funds also recently modified their holdings of the […]
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)
Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)
Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)
Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
Lexar launches NM700 NVMe M.2 series with speeds of up to 3500 MB/s starting at $79 USD
The PCIe Gen3x4 drive features 3D NAND, LDPC and five-year limited warranty as standard. It's also one of the least expensive NVMe options with read rates of up to 3500 MB/s.
Taiwan promises ‘necessary assistance’ to Hong Kong’s people
Taiwan has become a refuge for a small but growing number of pro-democracy protesters fleeing Hong Kong, which has been convulsed since last year by protests.
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus
The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows.
Thousands without power in Western Australia after once in a decade storm
Around 50,000 customers were without power on Monday due to storm-related outages after remnants of Cyclone Mangga hit a cold front and brought squalling rain and emergency level storm warnings to the south of the state.
China threatens US counter measures if punished for Hong Kong law
China on Monday threatened counter measures against the United States if it was punished for plans to impose a sedition law on Hong Kong, that the business hub’s security chief hailed as a new tool that would defeat “terrorism”.
Parliament committee wants TTCL audited over unclear debts
The Parliamentary Public Accounts Committee (PAC) has called for a thorough management audit of the Tanzania Telecommunications Company Limited (TTCL) to establish areas of reform that would improve
African court suspends cases until August
The African Court on Human and Peo-ple’s Rights (AfCHPR) has suspended hearing of some cases until August due to the impact of the global Covid-19 pandemic.
Safaricom retains top position as East Africa's most valuable firm
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out
Tanzania finally allows export of mineral concentrates
The government has issued an export permit for all the 277 containers full of gold and copper concentrates which had been held in Dar es Salaam since 2017.
‘Never waste a crisis’: inside Saudi Arabia’s shopping spree
The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles
Virus obstructs US and UK bids for $800m South Korea helicopter deal
Travel restrictions and spending cuts muddy defence sector outlook
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
VW defeated in landmark Dieselgate case brought by van buyer
German court ruling will force carmaker to compensate tens of thousands more customers
Coronavirus crisis provides fertile ground for online fraudsters
Surge in number of scammers exploiting global scramble for protection equipment
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Wirecard postpones issuing annual results again
Fintech says not all audit procedures completed and puts AGM back until August
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
Virgin Orbit rocket fails on first airborne test
Setback for venture led by Richard Branson at time of financial stress
German business expectations pick up as lockdown is lifted
Monthly survey finds improving outlook despite pessimism over current effect of pandemic
Beijing seeks to reassure business over Hong Kong security law
But investors fret about threat to city’s autonomy from law that has sparked new pro-democracy protests
Virgin Media Ireland announce €1 Million fund to help businesses nationwide
Virgin Media has today launched a €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.
Spain revises coronavirus death toll down by nearly 2,000
Spain's health ministry revised the country's coronavirus death toll down by nearly 2,000 to 26,834 on Monday after checking data provided by regions. Health emergency coordinator Fernando Simon said checks of the data had shown that some deaths had previously been counted twice and that some
Three Republican groups sue California governor over mail-in-vote order
California was the first state in the country to commit to sending mail-in ballots to all registered voters for the November election, a move responding to the coronavirus pandemic. "Democrats continue to use this pandemic as a ploy to implement their partisan election agenda, and Governor Newsom
Italy reports 92 coronavirus deaths on Monday, just 300 new infections
Deaths from the COVID-19 epidemic in Italy climbed by 92 on Monday, against 50 the day before, the Civil Protection Agency said, while the daily tally of new cases dropped to just 300 from 531 on Sunday. Sunday's daily death toll did not include fatalities from the worst-affected Lombardy region
Asian shares climb, Tokyo gains on hopes for reopening
Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. Japan’s benchmark Nikkei 225 added 1.5% in morning trading to 20,682.78. Hong Kong’s Hang Seng dropped 1.2% to 22,659.62.
Jeffrey Epstein: Up to 130 people claim they could be child of dead financier with £470m fortune
More than 100 people claim they could be the offspring of the deceased financier Jeffrey Epstein, who is thought to have had a personal fortune of around £470 million.A DNA company, which set up a website called epsteinheirs.com, said as many as 130 people had come forward – including a number of Britons
WHO fears 'silent' virus epidemic unless Africa prioritizes testing
The WHO's director general, Tedros Adhanom Ghebreyesus, said Africa was the region with the fewest diagnosed coronavirus cases, accounting for less than 1.5% of the global total and just 0.1% of deaths. The WHO regional director for Africa, Matshidiso Moeti, said some countries had taken measures
Netanyahu becomes the first Israeli prime minister to stand trial over corruption and fraud cases
Last year, Netanyahu was indicted on bribery, fraud, and breach of trust charges as part of three separate corruption cases.
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
India among 10 worst-hit COVID-19 nations as cases jump; air travel reopens
India on Monday posted its biggest single-day jump in cases of COVID-19, overtaking Iran to become one of the 10 worst-hit nations, even as the government allowed domestic air travel to restart. India reported another 6,977 cases, taking its total ot 138,845, according to government data, despite the
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges if China enacts a tough new security law. China plans to impose legislation on the semi-autonomous
Taiwan considers revoking Hong Kong's special status on law fears
China's planned national security law may prompt Taiwan to revoke the special status it extends to Hong Kong, President Tsai Ing-wen said, a move that could anger Beijing and make it harder for Hong Kongers to visit and invest. China is proposing the new legislation for the Chinese-ruled city after
Singaporean cooks up Eid feast for migrant workers in lockdown
As Muslims around the world celebrate Eid al-Fitr to mark the end of the fasting month, thousands of migrant workers in Singapore have had to spend the holiday in quarantine because of outbreaks of the novel coronavirus in their dormitories. To cheer them up, Singaporean business Dushyant Kumar, his
India air travel restart hits chaos and cancellations
Airlines' plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded. Airlines, including IndiGo, India's biggest carrier, SpiceJet and
British farmers 'will go out of business' in UK-US trade deal, Theresa Villiers warns
British farmers “will go out of business” as a consequence of a trade deal with the United States, former environment secretary Theresa Villiers has warned. Admitting that she had "great fears" about "unfettered competition between domestic farmers and US imports", she said it would
Taiwan offers people of Hong Kong 'necessary assistance' after protests over new security laws
Taiwan will provide the people of Hong Kong with "necessary assistance", President Tsai Ing-wen said, after thousands in the Chinese ruled territory protested against Beijing's plans to impose new national security laws. Taiwan has become a refuge for a small but growing number of pro-democracy
Italy coalition squabbles over recruiting volunteers to enforce distancing
Italy's coalition partners quarrelled on Monday over a proposal to recruit volunteers to enforce social distancing rules as the country gradually rolls back its coronavirus-related restrictions. Regional Affairs Minister Francesco Boccia, a member of the centre-left Democratic Party (PD), said some
Abe's 'own goals' slash support rates even as Japan's coronavirus emergency set to be lifted
A string of controversial missteps has slashed Japanese Prime Minister Shinzo Abe's support to levels that could threaten to end his term early, even as he prepares to lift a state of emergency after the rate of coronavirus infections declined. The slide in ratings, now below 30%, may erode Abe&
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
Hong Kong security law: What is it and is it worrying?
A simple guide to the new national security law China has proposed in Hong Kong and why it matters.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand's government announced last week its plans to have a vaccine ready for deployment
At New Delhi airport, hundreds of people anxious to get home but apprehensive about the risks queued from before dawn
Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes. India had halted all flights within the country, and departing and leaving for abroad, in late March as it sought
Bust-up over climate weighs on EU-UK talks, risks trade rifts
Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change
Venezuelan Navy frigates, like these in a 2019 exercise, are being used to escort Iranian tankers carrying badly needed fuel to port in Venezuela
The first of five Iranian tankers carrying much-needed gasoline and oil derivatives has docked in Venezuela and a second one entered its waters, the government said on Monday amid concern in Washington over the burgeoning relationship. The United States has closely monitored the shipments, concerned
COVID-19 deaths in Sweden top 4,000: Public Health Agency
The death toll from the outbreak of the novel coronavirus in Sweden has topped 4,000, statistics published by the Public Health Agency showed on Monday. The data published on the agency's website showed that deaths from COVID-19, the disease caused by the new coronavirus, had risen to 4,029 from
Beijing says it will unilaterally impose national laws in Hong Kong 'without delay' as thousands take to the streets in protest
Critics worry that the new laws could hurt Hong Kong's independence and the city's position as a financial center.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
Number of coronavirus cases at Dutch meatpacking plant jumps to 147
The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine. The Vion plant in Groenlo, located east of Arnhem and west of the northern German city of Muenster, employs
Millions of trees to be planted after bushfires
The plan is to get state-owned pine plantations back to pre-bushfire levels of stocked trees within a decade.
On Day 1 of Last Week of Lockdown 4.0, India Reopens Skies; Sees Worst Single-Day Spike of 6,977 | 10 Points
With nearly 7,000 new cases in last 24 hours, India now has a COVID-19 count of more than 1.4 lakh, the tenth-highest in the world, overtaking Iran.
Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief
In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.
CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi
The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.
FPGA Raises Component Video From A Sinclair ZX Spectrum
An abiding memory of the early-80s heyday of 8-bit computing for many is operating their computer from the carpet in front of the family TV. While the kids in the computer adverts had parents who b…
Smartphones: the perfect gateway into the trading world [Sponsored]
It used to be the preserve of the financial expert or city worker, but trading in stocks and shares has recently become accessible to...
Blow to Bitcoin as Latest BofA Survey Finds Loopholes in “Bear Market Rally”
Bitcoin's breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurre
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates
There is one key data metric suggests that Ethereum has built immense underlying strength over the past couple of years.
A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.
Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in thi
Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses.
Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200
Analysts are now noting that there is a chance this recent Bitcoin decline marks a “huge bear trap” that could be followed by further upside.
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
BTC Dominance Signals Abrupt End to Crypto Altcoin Season
Altcoins across the crypto market may be seeing a pullback according to a buy setup on BTC dominance charts signaled by the TD Sequential indicator.
China’s trillions toward tech won’t buy dominance
Big spending numbers are being thrown around in China, once again. This time, it’s trillions of yuan of fiscal stimulus on all things tech. The plans are bold and vague.
Huawei seeks stable supply of memory chips as US pressure grows
Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.
Business gives Ramaphosa’s plan to reopen economy the thumbs up
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
Sanity, at last, in government’s lockdown plan
Compare the draft regulations leaked over the weekend to the original “framework for sectors” published for comment and it's clear that these are level 3 in name only; we’ve all but skipped right to level 2.
China warns of new Cold War as US blacklists more firms
The US decision to add 33 Chinese entities to a trade blacklist risks potential retaliation from Beijing as tensions between the world’s two biggest economies deteriorate further.
Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media
Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /CNW/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an online exh...
State aid should be reviewed 'to help EU compete with US & China'
It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.
Irish receiving Trump’s $1,200 checks in error could be banned from USA
Hundreds of Irish J-1 visa holders no longer living in the United States have accidentally received economic impact payments during the COVID-19 pandemic, and cashing the checks could affect any future attempts to enter the US. The $1,200 payment was sent to a significant number of former J-1 students in April...
Cake maker's sweet treats helping boost local spirits
A cake maker has been working to lift community spirits by selling sweat treats each week.
How HomeServe has had to adapt to ensure it is there for customers
The boss of home repairs firm HomeServe today paid tribute to the efforts of his staff to ensure essential emergency work is carried out in people’s homes.
Poundland to open 26 more stores this week
The discount retailer said that while it had kept most of its stores open for essential shopping, around 100 were temporarily shut in March.
Japan set to end Tokyo’s state of emergency
The measure has been in place in the city since April 7.
Alpaca-rearing business granted green light for permanent workers’ house
A mobile home in the Green Belt can now be replaced by a permanent house so that a rural worker can stay on site to supervise an alpaca herd.
Japan lifts coronavirus emergency in all remaining areas
Japan has so far avoided the large outbreaks experienced in the US and Europe despite softer restrictions.
Shops across England can open next month if guidelines met, PM announces
Non-essential retailers will be allowed to open from June 15, provided the guidelines are met along with the five tests for easing the lockdown.
In Pictures: Basking on the beach in bank holiday sunshine
Sun-seekers seized the opportunity to top up their tans.
Coronavirus News: As more stores file for bankruptcy, 7 On Your Side looks at the future of retail
At least three major retailers have filed for chapter 11 bankruptcy protection this month as the COVID-19 crisis has crippled sales -- now experts say it might be a good time to spend those unused gift cards.
How 5G Technology is Going to Change Our World
5G technology is slowly being implemented across the world and its lightning-fast speed is poised to rapidly change how we interact with the world on a daily basis.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
RevoluPAY Now Licensed To Provide Services In Every EU Country
RevoluPAY, a subsidiary of RevoluGROUP, is now able to offer digital banking services to EU member countries with its new PSD2 license.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
What Sticks? Five Data-Driven Behaviors That Will Define America’s Reopening
PYMNTS has populated the current landscape with data-driven research to answer the critical question: Which consumer behaviors will stick through recovery?
FinTechs Help Main Street Find Its Footing
Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
Deep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic
This Deep Dive explores the methods bad actors are leveraging to scam bank customers and the methods FIs are using to stem the tide of fraud.
Reopening Trends: Consumers Spending More On Gas, Kids Still Home From School
The U.S. is slowly reopening its facilities, with a variety of upwards and downwards trends emerging in various areas of the retail landscape.
Veterans' unemployment during coronavirus outpaces rest of US
As states continue to slowly ease coronavirus-related restrictions and reopen their economies, millions continue to be impacted by job losses, particularly veterans.
US farmers worried as crop prices dip
Market disruptions have been caused by the Covid-19 pandemic.
Agriculture reforms threaten to split politicians
Farmers demand access to affordable inputs and defeat of cartels strangling sector.
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
Book sales soar as French lockdown eases
Even so, overall, sales were 60 percent down compared the corresponding period in 2019.
MULILI & SHAH: Need to lay out post-Covid-19 strategies for
Manufacturing has suffered due to mandated working in shifts and the impact of the lockdown.
Trump suspends travel from Brazil
Brazil now has the second-biggest caseload in the world.
EDITORIAL: Reform to benefit farmers
Agriculture contributes 26 per cent of the gross domestic product.
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
Nyandarua abandons theatre project
County Commissioner Boaz Cherutich says 75 people have been quarantined.
The best free software to file your taxes in Canada
Tax filing season has been extended to June 1. Here are a few (free) ways to make the filing process easier
Rivers has infected my manager with COVID-19, says owner of demolished hotel
The Rivers government says the manager of Prodest Hotel, one of the two hotels demolished for flouting lockdown in the state, has tested positive for COVID-19
Nigeria’s GDP expands by 1.87% amid global challenges
The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019
FULL TEXT: US treasury letter requesting probe of Akinwumi Adesina
The United States department of treasury said it has requested for an independent investigation into allegations levelled against Akinwumi Adesina.
Centres issues guidelines for domestic air travel; here's what you need to do
The new guidelines listed for domestic air travel are as follows:
WATCH: Scary scenes in Jaipur as desert locust swarms take over
The desert locust (Schistocerca gregaria; Gryllus gregarius) is a species of locust, a swarming short-horned grasshopper in the family Acrididae.
Centre debunks reports claiming low quality of PPEs
It also said that India has significantly ramped up its domestic production capacity of PPEs and N95 masks.
Centre reviews progress of relief, restoration work in cyclone-hit West Bengal
The financial assistance of Rs 1,000 crore has already been released to the state government.
Andhra Pradesh govt directs TTD to stop sale of 50 immovable properties
The Andhra Pradesh government has ordered TTD to stop the sale of its lands and reconsider its decision in view of the sentiments of the devotees.
Delhi's Rail Bhavan to be shut again after staffer tests positive for COVID-19
Rail Bhavan will be closed for two days for sanitisation starting May 26 after a staffer tested positive for COVID-19
Delhi's peak power demand reaches season's highest, 56% more than April
Delhi witnessed a peak power demand that reached as much as 5268 MW on the night of May 24.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned the US that it will take "every necessary measure" to protect its interests after a top White House advisor warned
NYSC warns corps members against violating inter-state lockdown over collection of discharge certificate
NYSC, has urged corps members who at present are not in their States of service, not to violate the ban on inter-state journeys
UK, Nigeria pledge to sustain trade relations amid CoVID-19
With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
How coronavirus impacts buyers in real estate market
Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.
People impact of Lagos State budget review
At the outset of the current fiscal year, the State House of Assembly approved a N1.168-trillion worth budget meant to impact lives and enhance the standard of living of Lagosians.
Japan set to lift coronavirus emergency as cases slow
Japan was poised to lift its nationwide state of emergency over the coronavirus on Monday, gradually reopening the world's third-biggest economy
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
UNILAG centre seeks investment in housing
With housing taking a focal point in response to CoVID-19 pandemic, the Centre for Housing and Sustainable Development (CHSD), University of Lagos has advised the Federal Government to ensure investment in short-term housing.
US prohibits travel from Brazil for foreigners
The US said it was prohibiting most non-US citizens from travelling to the country if they had been in Brazil in the last two weeks, two days after Brazil became the country with the second highest number of coronavirus cases in the world.
Japan lifts national state of emergency
Japan has lifted its nationwide state of emergency over the coronavirus, after new cases slowed to a crawl in the country with the world's third-biggest economy.
Pubs take legal action against FBD over Covid insurance
Over 1,000 pubs and bars are affected by a dispute about whether or not their insurance policies with FBD Insurance Plc cover the disruptive impact of Covid-19 on their businesses, the Commercial Court has been told.
B.C. Parks overwhelmed as thousands try to reserve campsites
“Overwhelming numbers” of people trying to reserve campsites on the first day of availability led to technical problems with bookings on the B.C. Parks Discover Camping website, the . . .
Horgan welcomes news Ottawa will be pursuing paid sick leave
CINDY E. HARNETTTimes ColonistB.C. Premier John Horgan is applauding news that the federal government is looking at ensuring 10 days of paid sick leave for workers.The premier has been advocating for. . .
Horgan welcomes news Ottawa will be pursuing paid sick leave
B.C. Premier John Horgan is applauding news that the federal government is looking at ensuring 10 days of paid sick leave for workers.The premier has been advocating for a national sick-leave program. . .
Report warns of major tax shortfall due to drop in household spending
The COVID-19 crisis could see indirect tax revenue fall by up to €6.7bn this year.The Economic...
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
German business morale rebounds in May as corona restrictions are eased
The Ifo institute said its May survey showed that its business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
ITC to acquire spices maker Sunrise Foods
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
No signs of Indian, Chinese troops backing off as standoff heads for long haul
People familiar with the situation in the region said the two sides were engaged in trying to resolve the dispute, but there was no indication of a positive outcome yet as both the armies continued to bolster their positions in disputed areas of Pangong Tso and Galwan Valley and Demchok.
New rules of personal finance: How COVID has changed income, spending, saving, investing
In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.
International Labour Organisation writes to PM Modi, says India should uphold labour laws
This comes after 10 central trade unions lodged a joint complaint with the international body over some BJP-ruled states allowing complete exemption from labour laws for new establishments to attract investments and most states increasing the work hours from 8 hr to 12 hrs in single shifts.
One of New Zealand's largest media organisations is being sold for just $1
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.
Covid-19 boosts local demand for premium fruits, vegetables
Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market.
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
Trade setup: No consensus on Nifty direction; 50DMA remains key hurdle
This makes the market more vulnerable on the higher side.
China warns US of countermeasures over Hong Kong trading threats
US national security advisor Robert O'Brien warned Sunday that the new law could cost the city the preferential trading status it enjoys with the United States, the world's largest economy.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
Delhi sees season's highest power demand on Sunday
Tata Power Delhi Distribution said it met the peak power demand of 1493 MW on Sunday night.
View: With the global supply chain being reconfigured, India must intelligently restructure its economy
Indias aspirations have been whetted by its improving ease of doing business, though more needs to be done.
Rail Bhavan to shut down for 2nd time in fortnight after another COVID-19 case
A fourth-grade multitasking staffer who attended office till last Tuesday is the fifth COVID-19 case detected in the building in less than two weeks. Nine of his contacts at Rail Bhavan have been sent to home quarantine, officials said.
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Must start Rs 1,000 per month transfer now: Abhijit Banerjee and Esther Duflo
In a conversation with each other at online version of Jaipur Literature Fest on Sunday, Banerjee said that India could help in mass production of the Covid 19 vaccine, when it is developed, but cautioned that in the absence of one, India is set to see another lockdown since cases were only rising.
View: China's crypto is all about tracing — and power
Digital yuan trials are taking place just as Covid deepens mistrust with the US.
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
Uttar Pradesh, Rajasthan, Madhya Pradesh have over 50% recovery rate
MP has reported a 51% recovery rate among Covid-19 patients while Rajasthan has done better at 54% and UP is the best among the three states with a 56% recovery rate. In all these states, the number of active cases is hence below the number of recovered patients. The national recovery rate stands at about 42%.
UK planning to reduce Huawei’s 5G role: Report
The British prime minister instructed officials to draw up plans under which Chinas involvement in the countrys 5G infrastructure would be scaled down to zero by 2023, according to the newspaper.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
Flyers, airlines grapple with new rules; glitches and lack of transport on day 1 of flights resumption
Indias busiest airports in Mumbai and Delhi have cancelled close to 200 flights since last night.
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters
Rejecting the order, the NCLAT said: "The impugned order making it applicable throughout the country to all the Benches of the National Company Law Tribunal is untenable one and the said order suffers from material irregularity and patent illegality in the eye of Law".
CBIC clears Rs 11,052 cr GST refund claims since April 8
Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
3 states finalising databases for benefit of migrant workers
The migrant commission announced by the Uttar Pradesh government will map skills of workers who have returned to the state, providing data to employment exchanges while also providing workers social security measures like insurance.
Drone Deliveries In Canberra Surge 500%
Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
China demands US withdraw sanctions against blacklisted firms
China urged US officials Monday to undo new sanctions against nearly three dozen companies amid growing tensions between the two nations. The demand came three days after the US Department of Commerce
Old-fashioned milkman makes rounds as US shoppers stay home
The milk truck can be heard more than a block away, chugging along the narrow tree-lined streets of Washington’s historic Capitol Hill neighborhood.
NYC’s urban model faces existential crisis in post-pandemic world
Manhattan needs its people back. But do the people need Manhattan? COVID-19 may not be a pause, as Gov. Cuomo puts it, but a rupture — one that has vast implications for New York. For half a
Top-earning public officials should cut their pay amid NY’s fiscal crisis
New York’s top officials have talked a lot about “shared sacrifice” in recent weeks. How about leading by example? Common Cause New York suggests state legislators forgo half their pay since
Steve Mnuchin’s socialite sister sues potential buyers of her $8M pad
The socialite sister of US Treasury Secretary Steve Mnuchin is suing two potential buyers of her Park Avenue penthouse for a near $1 million deposit after she claims they tanked the deal, new court
Washington man allegedly falsely sought $1.5M in coronavirus biz relief funds
A Washington state software engineer is charged with fraudulently seeking over $1.5 million in coronavirus relief funds intended for small business loans, prosecutors announced Friday. Issaquah
China could face sanctions over Hong Kong national security law: White House
The national security adviser warned that the Trump administration could slap sanctions on China’s ruling Communist Party over the harsh new security laws it plans to impose on Hong Kong, as
Japan lifts coronavirus state of emergency in all remaining areas
TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to
Long lines outside NYC bike stores as people avoid public transportation
Forget Trader Joe’s — long lines are snaking around the corners of Big Apple bicycle stores as transit-averse New Yorkers seek a safe way to get around during the coronavirus
Dozens of Chinese companies added to US blacklist in latest Beijing rebuke
The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.
China media seize on video of HK protesters beating lawyer
The assault took place Sunday during a rally against a controversial security law proposed by Beijing that was broken up by police, who fired tear gas and water cannon in the most intense clashes for months.
Japan eyes fresh $930b stimulus, to end Tokyo's state of emergency
Japan is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies.
Thousands without power in Western Australia after once in a decade storm
Wind speeds of up to 132 km/hour (82 mph) were registered at Cape Leeuwin, one of the state's most south-westerly points early on Monday, the strongest May gusts in 15 years, according to the Australia Broadcasting Corp.
Book sales soar as French lockdown eases
A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.
Slump in consumption, exports push Germany into recession in Q1
The Federal Statistics Office said capital investments fell by 6.9 percent, private consumption by 3.2 percent and exports by 3.1 percent between January and March compared with the last three months of 2019.
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Hard times for Boeing, long a symbol of American might
Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.
CEO buys ailing New Zealand media giant for one dollar
Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.
COVID-19 patients in East Java hospital demand to be let out for Idul Fitri
COVID-19 patients at the Slamet Martodirjo regional hospital in Pamekasan, East Java, have demanded to be allowed to celebrate Idul Fitri at home with their families, with some resorting to extreme measures.
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
Bityard: Leveraged Crypto Futures Trading With a Regulated Exchange
Bityard’s mission is to create secure, simple, and fast crypto-asset trading services for people all over the world.
Home Bargains, B&M and B&Q's opening times today
Full opening hours for the second bank holiday in May 2020
Coronavirus impact: Suzuki Motor Gujarat resumes operations
Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.
Coronavirus impact: Toyota will resume production from May 26
Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.
China to further crack down on manipulation of financial market
China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China’s top Chief Justice.
China to ‘firmly’ retaliate against possible US sanctions over national security law: FM spokesperson
China said on Monday that it would take “all necessary measures” to firmly counter and retaliate against the US’ threatened sanctions over a national security law for the Hong Kong Special Administrative Region (HKSAR), lambasting the US for blatant interference in China’s internal affairs.
Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister
Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.
Victoria’s BRI deal benefits local economy
Australia’s southeastern Victoria state should stick to its partnership with China to cooperate on the Belt and Road Initiative (BRI), despite noises made by politicians in Canberra, Chinese analysts said.
Fear-mongering over national security law unfounded
Many foreign officials and media outlets have rushed to claim Hong Kong's status as a global financial hub has ended due to the impending National Security Law, with unsubstantiated reports of capital flight, but the move of the legislation is actually a boost to the business environment in the long-run.
Welcome to the flight, I'm your air-hostess, not a nurse
Flight crew will be clothed head to toe to prevent spread of Covid-19
Venezuela celebrates docking of tanker with Iran gasoline
The first Iranian ship to arrive is trailed by four other tankers. The shipments, however, only carry enough fuel for two or three weeks, analysts say.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Telstra powers up 5G footprint as new spectrum comes into picture
Telstra is running ahead of schedule on building out its 5G network, with the telco saying it has extended its coverage to 47 cities across Australia.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
The $2.7b gamble: Quibi could be the costliest flop in history
It's absolutely rolling in A-list talent but Quibi looks set to be one of the most expensive flops in history.
iSignthis slams ASX for seeking sensitive details as Visa deal ends
ISignthis confirmed its high-profile relationship with Visa will be terminated, as it blasted the market operator for requesting sensitive details about its relationship with the card giant.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
CBD Melbourne: Some free advice for private equity giant Bain
Jayne Hrdlicka could be Virgin’s next CEO or the chairwoman if Bain Capital is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.
CEO buys struggling New Zealand media company for $1
WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.
Asian shares climb, Tokyo gains on hopes for reopening
TOKYO — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan.
Chinese tech giant criticizes US for 'politicizing business'
BEIJING — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
2 employees at Mattamy Centre Loblaws test positive for coronavirus
Two team members from a popular downtown Loblaws location have tested positive for the coronavirus.
Japan lifts coronavirus emergency in all remaining areas
TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide.
LS C&S receives international standard certification for photovoltaic cable
LS Cable & System said Monday its photovoltaic cable has received international standard certification from Germany’s TUV SUD, a global certification authority. TUV SUD assessed that LS C&S’ 1,500 voltage direct current solar cables conform to functions and safety standards of International Electrotechnical Commission and European Standards, according to the cable maker. The firm expects the c...
Moon calls for bold fiscal strategy in light of COVID-19
Addressing the officials responsible for drawing up the national fiscal strategy, President Moon Jae-in on Monday called for bold support measures, saying the state must spearhead efforts to soften the impact of the COVID-19 pandemic. Speaking at the National Fiscal Strategy Meeting, Moon also downplayed concerns that his administration’s fiscal policies could threaten the country’s fiscal stability, sa...
COVID-19: India Now Has 968 Dedicated Hospitals With Over 2,50,000 Beds
India now makes sufficient number of N95 masks and PPE through the domestic manufacturing sector.
COVID-19: 37 Lakh Migrants Have Benefited From Shramik Trains So Far
Nearly 60% of trains originated from Gujarat, Maharashtra and Punjab and destined for UP and Bihar.
GDPR at Two: Critics Slam Patchy Enforcement, Sluggish Investigations
GDPR at two: As criticism mounts, how long before signs that the bark of regulators is worse than their bite starts to dilute GDPR's effectiveness?
India's among 10 worst-hit COVID-19 nations as cases jump; air travel reopens
India on Monday posted its biggest single-day jump in cases of COVID-19, overtaking Iran to become one of the 10 worst-hit nations, even as the government allowed domestic air travel to restart.
The artisans behind Italian fashion tremble at their future
Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.
Beximco exports 6.5 million PPE gowns to US
Beximco Group has exported 6.5 million personal protective equipment or PPE gowns to US brand Hanes for delivery to the Federal Emergency Management Agency, or FEMA.
Singaporean cooks up Eid feast for migrant workers in lockdown
As Muslims around the world celebrate Eid al-Fitr to mark the end of the fasting month, thousands of migrant workers in Singapore have had to spend the holiday in quarantine because of outbreaks of the novel coronavirus in their dormitories.
Thai researcher eyes accessible COVID-19 vaccine for SE Asia
A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.
Belt and Road Initiative affected by COVID-19, but impact is 'temporary': China
Chinese Foreign Minister Wang Yi said that the demand for public health expansion in view of the COVID-19 all over the world will give a new impetus to project expansion.
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
Trump bars travellers from Brazil
President Donald Trump on Sunday further limited travel from the world's coronavirus hotspots by denying entry to foreigners coming from Brazil, which is second to the US in the number of
Khammam: Puvvada Ajay Kumar says agriculture officials to Prepare agri plans for kharif season
Transport Minister Puvvada Ajay Kumar told agriculture officials to prepare agriculture plans for kharif season following the government’s directions and crop coverage proposed in the district.
India Code Portal has few takers in Telangana, Andhra Pradesh
TS fifth among the 11 States accessing the legal repository Two enactments of TS and three legislations of AP are more viewed MSME Development Act and MV Act top on the view-list Legal
Domestic flights take off amid chaos, confusion
New Delhi: Passengers were seen harried across airports, including the national capital's Indira Gandhi International Airport (IGIA), on Monday as many domestic flights were cancelled due to the limit...
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
Japan lifts coronavirus emergency in all remaining areas
Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide.
SC allows AIto fly for ten days with middle seats filled in scheduled aircraft
The Supreme Court on Monday allowed the Centre and national carrier Air India to keep operating its scheduled flights with the middle
Kothakota weavers cry for govt support
Lack of govt support, resources, rising costs of raw material, infrastructural limitations some of reasons for the present condition of weavers.
Domestic flight services resume in India after two months
After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.
Japan set to end Tokyo’s state of emergency
Experts on a special government panel have approved a plan to remove a coronavirus state of emergency from Tokyo and four other remaining prefectures.
China warns US of countermeasures over Hong Kong trading threats
Beijing has warned US that it will take "every necessary measure" to protect its interests after a top White House advisor warned that Washington might revoke Hong Kong's special trading privileges
Only Guwahati, Imphal of 12 N-E airports receive flights
Except Guwahati and Imphal airports, no passenger flight landed at any other airport in the north-eastern states on Monday as the Kolkata airport.
Hyderabad firm launches advanced version of e-procurement tool
Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
Bharti Telecom to sell $1 bn stake in Airtel
Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.
35,000 who had been recieving Pandemic Unemployment Payment returned to work last week
Assistant Secretary General at the Department of Taoiseach Liz Canavan said that while 579,000 people remain on the €350 per-week payment introduced at the beginning of the outbreak, 35,900 returned to work in the last week.
Central Bank warns people of four unauthorised financial firms in operation
The Central Bank says Aran Asset Management, MSIM Fund Management, and CMS ICAV have cloned the details of already existing firms.
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get
Survey data that are beginning to come through on the main economies for May warrant careful interpretation.
Pub owners take FBD Insurance to court over cover for closures during pandemic
Pub owners have gone to court in a row over insurance cover during the Covid-19 pandemic.
Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer
Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Covid-19 unemployment payment could result in tax bill for recipients
The Government is reminding anyone receiving the Pandemic Unemployment Payment, instituted as an emergency response to layoffs made in the wake of the Covid-19 crisis, that they could face a tax bill at the end of the year.
Call for Government to change 'blunt' road map to reopening Ireland
Some aspects of the road map don’t make sense, said Prof Morgenroth. Books can be bought in supermarkets, but book shops cannot open and petrol stations were selling potted plants before garden centres could reopen
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.
Engineers want the Government to increase spending to stimulate the economy
The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.
EU eyes first face-to-face summit in months to haggle over budget
European Commission to propose blueprint for € 1tn multiannual financial framework
Taiwan considers revoking Hong Kong’s special status on law fears
China proposes path to imposing rules used against dissidents on the mainland
Business sentiment rises but Covid-19 concerns persist
‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland
Coronavirus: United States bans travel from Brazil
Latin American country has nearly 350,000 Covid-19 cases with 22,000 deaths
Quarantine plan would devastate aviation sector
Sir, – As an island nation and open economy, we are dependent on aviation as a critical artery for the life-blood of trade and tourism for our future prosperity.
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
‘Over 1,000’ pubs have interest in Covid-19 insurance test case
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
Dawn Meats reopens plant supplying McDonalds burgers
Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets
Schrems letter turns up heat on Data Protection Commissioner
There is a pressing need for the regulator to act quickly and effectively to dispel criticism
More than 1,000 pubs have an interest in FBD ‘test case’, court told
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
Bayer reaches agreement in 125,000 US cancer lawsuits
Pharmaceutical giant reportedly does deal to end inherited costly legal battle
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
Workplace bullying costs economy €239m per year
NUI Galway study finds that bullying is more prevalent in public sector than the private
Coronavirus in South Africa: President Ramaphosa warns outbreak will get worse
Lockdown measures to be further eased from start of June despite surge in cases
Ryanair goes to court over conduct of social welfare appeal
Airline claims it was refused leave by appeals commissioner to cross examine witnesses
UCD academics call for virus safety incentives for businesses
Study shows businesses that invest in workplace safety 20% more likely to ‘go under’
Volkswagen agrees to compensate tens of thousands of German motorists
Leipzig court ruling opens door to claims from at least 60,000 car owners
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
China proposes lifting North Korea sanctions
May 25 (UPI) -- China's top diplomat called on the United States to ease North Korea sanctions, the same day North Korea's Kim Jong Un discussed strengthening nuclear deterrence, according to state media reports.
Manhattan Beach moving ahead with retail reopening
Even before the state announced it would let retail stores reopen, Manhattan Beach was moving forward with its plan to allow small shops to operate.
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis
The coronavirus pandemic has disrupted the management-consulting industry.
5 economic statistics that show the financial devastation of the pandemic for average Americans
The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.
China’s aggressive push for Hong Kong national security laws could lead to US sanctions, White House official says
The White House national security adviser, Robert O’Brien, on Sunday said China’s aggressive move to force national security laws on Hong Kong might result in US sanctions.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
Beijing says it will unilaterally impose national laws in Hong Kong ‘without delay’ as thousands take to the streets in protest
As protests continued in Hong Kong, China pledged to impose new national security laws on the city “without the slightest delay,” reported Lily Kuo at The Guardian.
50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller
A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.
The workers that make your food put their lives on the line during pandemic. Whether they’re protected now is up to you.
“Every day we risk our health and the health of our family that await us at home,” said Nelson Santiago.
EU must present united front to shield pandemic-hit banks: regulator
FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Bayer says it makes progress in settlement talks over weedkiller
FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.
India among 10 worst-hit COVID-19 nations as cases jump; air travel reopens
MUMBAI (Reuters) - India on Monday posted its biggest single-day jump in cases of COVID-19, overtaking Iran to become one of the 10 worst-hit nations, even as the government allowed domestic air travel to restart.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
MEXICO CITY (Reuters) - Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.
Singapore's APL England loses cargo in heavy Australian seas
SYDNEY (Reuters) - A Singapore-flagged cargo ship lost at least 40 containers in deep waters off the coast of Sydney when they fell overboard in heavy seas, maritime officials said on Monday.
Japan's small clinics driven to brink as virus-wary patients stay home
TOKYO (Reuters) - As Japan eases coronavirus curbs following its first wave of cases, many small medical clinics are scrambling to stay afloat and the doctors who run them are calling for government support as patients keep away for fear of infection.
New emissions blow for VW as German court backs damages claims
KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
Italy coalition squabbles over recruiting volunteers to enforce distancing
ROME (Reuters) - Italy’s coalition partners quarrelled on Monday over a proposal to recruit volunteers to enforce social distancing rules as the country gradually rolls back its coronavirus-related restrictions.
In Philippine slums, heat, hunger take a toll under lockdown
MANILA (Reuters) - One by one, Michelle Asinto’s six children take the plate of rice doused in soy sauce and eat their share before passing it on.
China's Great Wall expects mild domestic auto sales growth in second half
BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Bachem lifts Propofol production to 24/7 as pandemic hikes demand
ZURICH (Reuters) - Switzerland’s Bachem has begun round-the-clock production of Propofol, a drug needed to sedate ventilated patients whose plight during the pandemic — prone, unconscious, hospitalised — has become emblematic of COVID-19’s hit to healthcare systems.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
Finland's new nuclear reactor hit by valve leak
HELSINKI (Reuters) - Finland’s long-delayed Olkiluoto 3 (OL3) nuclear reactor was hit by another setback after the nation’s safety watchdog reported valve problems in a component involved in the cooling process.
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
Dancing with disinfectant: China's nightclubs back in the groove
SHANGHAI (Reuters) - Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks have become part of the experience.
Jobless benefit requests by Portugal's young spike 52% during pandemic
LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday
Air Canada, Transat deal faces intense EU antitrust scrutiny
BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
German government, regions tussle over reopening from lockdowns
BERLIN (Reuters) - Germany’s central and regional governments sparred on Monday over when and how far to ease social-distancing rules, with allies of Chancellor Angela Merkel warning that scrapping them risks a new wave of coronavirus infections.
Thousands without power in Western Australia after once in a decade storm
MELBOURNE (Reuters) - Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth on Monday after some of the worst weather in a decade.
Number of coronavirus cases at Dutch meatpacking plant jumps to 147
AMSTERDAM (Reuters) - The number of people diagnosed with the coronavirus at a Dutch pork processing plant near the German border has jumped to 147 since it was closed last week and workers asked to go into quarantine.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH, West Bank (Reuters) - Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
Bust-up over climate weighs on EU-UK talks, risks trade rifts
BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.
Taiwan considers revoking Hong Kong's special status on law fears
TAIPEI (Reuters) - China’s planned national security law may prompt Taiwan to revoke the special status it extends to Hong Kong, President Tsai Ing-wen said, a move that could anger Beijing and make it harder for Hong Kongers to visit and invest.
Belgian rail tests sensors to keep workers apart during COVID-19
BRUSSELS (Reuters) - Belgium’s railways are testing smart cameras with sensors to ensure its workers wear masks and maintain their distance to stop the spread of the coronavirus.
Nordic investors turn up heat on coal in climate campaign
OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.
Islamic State says it was behind blast in southern town
BENGHAZI, Libya (Reuters) - Islamic State said on Monday it was behind a blast in a small town in southern Libya on Saturday, the militant group’s first attack in the country for at least a year.
Bars, gyms reopen as Iceland exits emergency coronavirus alert
COPENHAGEN (Reuters) - Iceland eased its national alert against the coronavirus on Monday, allowing for public gatherings of up to 200 people and night clubs and gyms to reopen as the country nears complete recovery from the outbreak.
Belgium will not return to tough lockdown: minister
BRUSSELS (Reuters) - Belgium will not return to the strict measures imposed for nearly two months to combat the coronavirus outbreak even if there is a second wave of COVID-19 cases, the country’s interior minister has said.
Explainer: Emerging get-tough consensus among Trump's China advisers tested by Hong Kong debate
WASHINGTON (Reuters) - Long divided between those pushing for a hardline stance and others advocating cautious engagement, President Donald Trump’s China advisers - under the shadow of the coronavirus crisis - appear to have moved closer together on a tougher approach to Beijing.
Ukrainian workers start returning to Poland as lockdown eases
CHERNYAKHIV, Ukraine (Reuters) - Coronavirus or no, Vadym Diachenko needed no persuading when an employment agency offered to fly him back to Poland from his native Ukraine to work at a meatpacking plant.
Exclusive: Ukraine's anti-graft bureau probes state tender for medical suits
KIEV (Reuters) - Ukrainian anti-corruption officials are investigating a tender for 71,000 hospital protective suits during the coronavirus pandemic after the government for the first time bypassed its own procurement rules in the health sector.
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW (Reuters) - Local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as home grown, Poland’s anti-monopoly office said on Monday.
Japan lifts Tokyo's state of emergency, eyes fresh stimulus
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK (Reuters) - A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.
Regeneron to buy back $5 billion stake held by Sanofi
(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.
EU eyes first face-to-face summit in months to haggle over budget
BRUSSELS (Reuters) - EU leaders may meet for a face-to-face summit in the coming weeks to bargain over the next joint budget and a linked coronavirus recovery fund, suspending lockdown rules imposed to contain the pandemic, diplomats and officials said.
Talks on Lufthansa aid not concluded yet: ministry
BERLIN (Reuters) - Negotiations on a government bailout for coronavirus-stricken airline Lufthansa (LHAG.DE) are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.
Italy reports 92 coronavirus deaths on Monday, just 300 new infections
ROME (Reuters) - Deaths from the COVID-19 epidemic in Italy climbed by 92 on Monday, against 50 the day before, the Civil Protection Agency said, while the daily tally of new cases dropped to just 300 from 531 on Sunday.
With little state aid, zombie shops in Portugal fear short-lived reopening
LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
US Air Force ends height restrictions in hopes of attracting more female pilots
Air Force officials said that aircrafts were largely built for males, and made things more challenging for female applicants.
Credit score drop? How to diagnose why, and what to do next
As the pandemic hits the economy hard, lenders and credit card issuers are offering payment modification programs such as forbearance and deferrals.
Delivery App Fee Caps Introduced As Restaurants Rebel
Fee caps have been introduced to protect restauranters that use a delivery app as reported by NBC. Coronavirus has hit the hospitality industry hard with
Pachinko upgrades to boost NAND flash demand
Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.
Moving production lines out of China is uneasy
Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.
Globalfoundries to implement ITAR and strict security assurances at New York fab
Globalfoundries has announced plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York. GF will bring its Fab 8 facility into compliance with both the US International Traffic in Arms Regulations (ITAR) standards and the Export Administration Regulations (EAR), making the company the most advanced ITAR foundry in the country.
Exclusive: Ukraine’s anti-graft bureau probes state tender for medical suits
Kiev– Ukrainian anti-corruption officials are investigating a tender for 71,000 hospital protective suits during the coronavirus pandemic after the government for the first time bypassed its own procurement rules in the health sector.
China plans to begin shifting its citizens stranded in India from June 2
China will ply flights to help its citizens stranded in India and facing difficulties to return to the mainland from June 2, as per a tentative schedule published on the website of the Chinese Embassy in New Delhi on Monday.
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW – Seeking to appeal to patriotic Poles, local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as homegrown, Poland’s anti-monopoly office said on Monday, as it launched an investigation.
Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam
Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures
Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.
Crypto Wallet Providers Ledger and Trezor Dismiss Claims of Database Hack
Ledger and Trezor, two of the world’s leading cold wallet providers, on May 24, 2020, dismissed rumors of a Shopify database exploit and claims that hackers are auctioning customer personal details on the dark web.
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Uniqlo to make face masks using underwear fabric
Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a spokeswoman said…
France again ranks No. 4 in COVID-19 deaths as Spain revises tally
France again ranked fourth in coronavirus deaths after the United States, Britain and Italy, as Spain revised its tally down by nearly 2,000 on Monday. The French health ministry reported on its website that the cumulative death toll rose by 65, or 0.2%, to 28,432. But on a separate ministry…
ANA to require all passengers to wear face masks aboard aircraft from June
One of Japan's major airlines plans to make the wearing of face masks compulsory as the industry shifts toward operating in a new coronavirus pandemic normal. From June, All Nippon Airways Co will require all passengers to wear face masks inside airports and aboard aircraft. Anyone who refuses will be…
Hong Kong security, police chiefs warn of growing 'terrorism' as Taiwan promises assistance to people
Hong Kong's security and police chiefs said "terrorism" was growing in the city, as government departments rallied on Monday behind Beijing's plans to introduce national security laws after thousands took to the streets to protest against the move. The security legislation, which could see Chinese intelligence agencies set up bases…
UK takes another look at Huawei's position in 5G networks
The UK has decided to conduct a review of the impacts of allowing Huawei to remain in the UK's 5G networks. It comes just days after the United States prevented Huawei from buying TSMC chips.
Database Acceleration for AWS - Free eBook
Moving databases and associated applications to AWS—and running new projects in AWS from the start—is a proven approach that, done correctly, can make life simpler for IT. Learn how, today!
Minor fire causes evacuation of Target store in central Las Vegas
A small fire inside a Target store Monday afternoon caused an evacuation of the business in central Las Vegas.
MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja
MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an
Builders push for $40k home buyer grant to stave off construction crisis - but Barr says no
Chief Minister Andrew Barr said the policy would drive up house prices.
Coronavirus: Superannuation accounts drained of $13.2b as people look to meet living costs
Industry leaders warn it comes with a hefty price tag.
Developers could pay compensation after class actions from buyers allege GST was incorrectly charged
A Canberra developer has been ordered to pay a woman almost $30,000. This came after a class action where buyers alleged they were incorrectly charged GST.
'Probably off the cards': NCA backs away from bridge replacement
The National Capital Authority was considering replacing Commonwealth Avenue Bridge
Coronavirus: Nail salons prepare to reopen as restrictions set to ease
Beauty salons across Canberra are preparing to reopen in the hope coronavirus restrictions will be eased.
Covid-19: Maharashtra says passengers flying into state must go into 14-day home isolation
On Sunday, the Maharashtra government had said that only 25 flights will be allowed to land and take off from the Mumbai airport.
Covid-19: Nearly 80 flights in Delhi, over 20 in Bengaluru cancelled, chaos at airports on day 1
Passengers whose flights were cancelled said they did not get any prior notice from airlines.
End of lockdown does not mean start of work in this textile town. Here’s why
The industrial paralysis is deep.
SC allows Air India to operate repatriation flights without leaving middle seat empty for 10 days
The top court’s order came on a petition filed by the Centre and Air India against a Bombay High Court order to keep middle seats on planes vacant.
Why did a cloth brand once promoted by Bond and Bachchan shut shop in India?
Did miscalculated branding end the 180-year brand’s run in India?
At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?
The country’s villages are already grappling with hidden unemployment.
Vizag gas leak: Andhra Pradesh High Court orders state to seize LG Polymer premises
The court also asked the government to ensure that the company’s directors do not leave the country without its permission.
Transat extends Air Canada takeover timing following European regulatory review
In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.
Montreal-area retailers reopening to public, with distancing measures in place
Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Minnow party's leader against bailing out SOEs
THE president of the Christian Democratic Voice, which secured one seat in the National Assembly in last year's election, says he has a problem with loss-making state-owned enterprises which are
CM Yogi has Accused many States for Ignoring UP Migrants -
Chief Minister Yogi Adityanath, who has given his wealth to migrant workers who have returned to Uttar Pradesh from other
Jazz outpost FooJohn calls it quits on Charoen Krung
A Charoen Krung establishment that fused food and live music while showcasing gentrification done right is calling it quits Nearly four years after it was transformed from an old shophouse into a destination for jazz loyalists, FooJohn Building...
Reducing neighborhood crime: Place management of alcohol outlets
Recent research suggests that neighborhood crime may be reduced by enhancing 'place management' resources in and around off-premise alcohol sales outlets, particularly at small and independent stores.
New emissions blow for VW as German court backs damages claims
FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
Worker shortage concerns loom in immigrant-heavy meatpacking
When Martha Kebede’s adult sons immigrated from Ethiopia and reunited with her in South Dakota this year, they had few work opportunities.
Want a greener recovery? Here are three ways to do it
As policymakers search for ways to jumpstart an economic recovery, several members of Congress are renewing a push for a massive green stimulus package.
Japan lifts coronavirus emergency in all remaining areas
Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to reopen.
Charitable runs, walks learn to adapt to crowd limits
The coronavirus pandemic has forced charities or nonprofit groups to cancel or postpone an untold number of walks and runs that raise money for everything from Alzheimer's to Parkinson's.
Military continues to boost Hawaii economy during virus
U.S. military spending continues to be a pillar of Hawaii's economy as the Department of Defense has so far proved resistant to the financial impact of the coronavirus.
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Global shares rise on hopes for economies' gradual reopening
Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
Farmers, ranchers adapt to new eating routines amid pandemic
“We woke up one day, and all the restaurants were closed. All of them,” said Felix Florez, the owner of Black Hill Ranch, a hog farm in Cypress. Just like that, the coronavirus pandemic changed his bu
Michiganders hold $50M in unredeemed bottle, can deposits
Fifty million dollars is a whole lot of dimes.
Why Washington should rush more economic aid to the states
The economy is in more dire straits than Washington politicians behave, and they need to put aside their partisan agendas and fencing on Twitter to save it.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
Hulbert: My stock market forecast for June is likely wrong — but watch out for August
The March lows of the coronavirus crash could still be tested, writes Mark Hulbert.
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say
China and the U.S. are back in the headlines — but are investors paying sufficient attention to the risks of a geopolitical clash?
Is the stock market closed today? Here’s everything investors need to know about Memorial Day trading hours and closures
Memorial Day will take on an even more somber tone this year.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
Nikkei rises, but Hong Kong shares slip as tensions with China heat up
Hong Kong stocks fall as demonstrators take to the streets to protest proposal by China to supercede city government’s authority.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
iSignthis to End Contract with Visa, Criticises Proposed Rule Changes
iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.
RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC
RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
Bithumb Names Back Young Heo as Its New CEO
South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).
UBS to Create Fintech-Specific Venture Fund
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Telegram Withdraws US Court Appeal for TON Launch
After wrapping up its blockchain project, Telegram has now officially withdrawn from the court battle against the SEC for lifting the ban on Gram tokens.
Bitcoin Miners in Sichuan Province Ordered to Shut Down in ‘Orderly Manner’
The Chinese province is said to be home to roughly 10 percent of Bitcoin's global hash power.
Binance Adds ETH and XRP Options Contracts
Crypto exchange giant Binance announced on Monday the addition of Ethereum and XRP options trading facility.
Air Canada to increase service to 97 destinations this summer
The figure is less than half the number of destinations the carrier served last summer…
British Airways converts B777-200 for passenger-cargo use
The carrier is the latest in a series of airlines to operate passenger-cargo (or ‘preighter’) services in the absence of passenger demand…
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
Uttar Pradesh Chief Minister Yogi Adityanath sets up commission for skill-mapping, job creation
The Uttar Pradesh government will form a commission for skill mapping of all its workers; whether local or migrant, returning to their homes in Uttar Pradesh. This announcement was made by UP Chief Minister Yogi Adityanath during a live address through a portal.
Wholesale vegetable prices fall sharply by up to 60% during lockdown
Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.
Allow higher workforce for factories in green, amber zones to meet rising demand: Parle Products
Restrictions on number of workers in factories located in green and amber zones, specially for food products companies, need to be relaxed as meeting demand will become difficult and can lead to scarcity, according to a senior official of biscuits major Parle Products.
Tata Motors' JLR seeks COVID-19 support package in UK: Reports
Tata Motors owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.
SC allows Air India to operate non-scheduled foreign flights with middle seats booking for 10 days
The Supreme Court on Monday, while hearing an urgent plea against Bombay High Court's order to keep middle seats vacant in international flights in compliance with social distancing norms.
Return by trains only, Bihar Chief Minister Nitish Kumar tells migrants
Bihar CM Nitish Kumar on Sunday appealed to the migrants to return only by trains. He made an appeal through a video-conference and regretted people were still coming by roads though over 300 trains have been engaged since May 4. Over 200 more trains would carry the migrants in the two days.
Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report
One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.
Major automakers see demand for personal vehicles going up
Automakers like Maruti Suzuki, Honda, Toyota and Tata Motors expect demand for personal vehicles to go up in the country as social distancing and fear associated with COVID-19 veer people away from public transport.
Cancellations spike, bookings drop as states limit air operations
A massive spike in ticket cancellations, along with a drop in bookings, was reported by the aviation industry for Monday’s flights as several states moved to limit air operations.
Uganda starts exporting mobile phones
The company, which employs 400 workers, is currently assembling and manufacturing 2,500 phones per day but has plans to double its capacity and recruit more workers....
Hotel owners fight to save jobs during COVID-19 crisis
As we speak, hotel occupancy rates have plummeted to less than 5% in the entire country
KCCA should partner with Kiira Motors on city buses project
It is proposed that special lanes will be put in place for the Eco- (sic) electric and combustion fuel efficient buses starting at the City Square in a ring road...
Japan lifts coronavirus emergency in all remaining areas
The prime minister of Japan has lifted a coronavirus state of emergency in Tokyo and the remaining areas of the country, ending the restrictions nationwide as businesses begin to reopen.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
Meat industry is trying to get back to normal, but workers are still getting sick
Tyson Foods, the largest meat processor in the United States, has transformed its facilities across the country since legions of its workers started getting sick from the novel coronavirus. It...
Lebanon’s migrant workers’ plight worsens as crises multiply
BEIRUT (AP) — Long before the pandemic struck, they lived and worked in conditions that rights groups called exploitative — low wages, long hours, no labor law protections. Now, some...
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...
Where college debt is riskiest: graduate degrees
If you take on so much debt for undergrad and grad school and then land a job that doesn’t pay at least an equal amount right out of the gate,...
US company trials coronavirus vaccine candidate in Australia
CANBERRA, Australia (AP) — A U.S. biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year. Novavax...
Global shares rise on hopes for economies’ gradual reopening
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...
Congress weighs choice: ‘Go big’ on virus aid or hit ‘pause’
WASHINGTON (AP) — Congress is at a crossroads in the coronavirus crisis, wrestling over whether to “go big,” as House Speaker Nancy Pelosi wants for the next relief bill, or...
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
British billionaire twins at war over London’s Ritz hotel and family’s fortune
The brothers, who spent decades avoiding media attention by isolating themselves on an island in the middle of the English Channel, are now front-page news due to the latest part...
Military helicopter crash-lands in Russia, kills 4 on board
MOSCOW (AP) — A Russian military helicopter crash-landed on an airfield Tuesday in the far eastern region of Chukotka, killing four people, the military said. The crash involving a Mi-8...
George R.R. Martin joins group to buy historic railway
SANTA FE, N.M. (AP) — George R.R. Martin, the famed author of the “Game of Thrones” fantasy series, has joined a group to buy the historic Santa Fe Southern Railroad....
#SaveDehingPatkai: Coal Mining Threatens ‘Amazon of the East’
As the nation-wide lockdown continues, so do environment, forest and wildlife clearances. The Standing Committee of the National Board for Wildlife (NBWL) recently approved a coal mining project by North-Eastern Coal Field, a subsidiary of Coal India Limited (CIL), in an area that forms part of an elephant reserve in upper Assam.
Today in 2006: We should concentrate on economy - Kufuor
Fourteen years ago, former president, John Agyekum Kufuor, stated that the country’s priority should be centered on development of the economy, after fifty years of nation building.
AU Day: Coronavirus has underscored the need for global assistance to African countries – MFA
The Ministry of Foreign Affairs, has reiterated the need for global aid to third world countries – mostly on the African continent, in the wake of the deadly coronavirus.
Total and Gaussin Developing World’s 1st Full Electric Aircraft Refueller Transporter
Electric Aircraft Refueller Transporter, equipped with two 30 tons fuel tanks (artist rendering – courtesy of Gaussin) Gaussin S.A. (Héricourt, France) an
California Reopens Places of Worship, In-Store Retail Businesses
California, which has seen some of the most serious restrictions introduced due to the COVID-19 outbreak in the United States, started to gradually reopen its economy...
Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member
New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...
China Vows Retaliation if US Continues Meddling in Its Hong Kong Policy
The island enjoys a certain degree of autonomy in terms of its economy and laws, but recently Beijing decided to introduce stricter penalties for treason and sedition...
Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.
Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows
The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...
Indian Court Orders Seizure of South Korean Multinational LG Polymers Plant
New Delhi (Sputnik): A gas leak at a South Korean multinational LG Polymers plant in southern Andhra Pradesh on 7 May killed 11 people and made over 500 people sick in...
Australian Prime Minister Rolls Out Plan to Save Economy as China Slaps Tariffs on Country's Exports
Trade relations between the two geographic neighbours reached a new low as Beijing banned several Australian beef-exporting companies and slapped an 80% tariff on the...
Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis
Last week, German Chancellor Angela Merkel and French President Emmanuel Macron proposed that a hefty recovery fund should be set up to shore up EU economies struggling...
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
Beijing Opposes All US Restrictions on Chinese Airlines, Foreign Ministry Says
The statement comes in response to a report that the US Transportation Department ordered four Chinese airlines to file their schedules by 27 May. The American...
Belarus' Lukashenko Intends to Discuss Missile Construction with China's Xi Jinping
In September 2019, the president of Belarus stated that he would take steps towards cooperating with his Ukrainian counterpart Vladimir Zelensky in order for Minsk to...
Maduro Defends Iran & Venezuela’s Right to 'Trade Freely', Thanks Tehran for Help Amid US Sanctions
The first Iranian tanker carrying gasoline and the components to produce it from oil arrived in the Bolivarian Republic on 24 May, despite the two countries' concerns...
Casement Park: No agreement on £33m funding gap says Stormont
STORMONT has still not agreed how to plug a £33 million funding gap plaguing the Casement Park stadium project.
Easyjet customers to sue over data breach
EASYJET is to be sued by customers in Northern Ireland impacted by a major data breach, it emerged.
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
Fire at Bombardier plant being treated as accidental
A fire at the Bombardier Aerospace plant in Belfast is being treated as accidental.
Algorithmic selling risk of your money
OVER my last 32 years, I have seen many a ‘latest fashion’ encourage investors to run toward emptying their bank accounts.
For hard-pressed savers, it's like setting your banknotes alight . . .
Do you know the difference between saving and investing? One means you are probably losing money, the other means you could be gaining.