Economy 2623
How Your Kid’s (Or Kids’) School Can Go Solar
With solar being a popular choice for those looking to save on their energy costs, it's no surprise that schools are taking advantage of it as well. Furthermore, many more schools could save money by going solar. [caption id=
Enel Expands Renewable Energy Platform In US & Chile
Enel began as a utility company in Italy, but it has expanded its presence into a total of 30 countries. Today, its Green Power subsidiary is one of the largest investors in renewable energy in the world and it is growing bigger all the time. This week, the company announced its Green Power North America
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Eskom sees lower risk of power cuts during winter
Load shedding at Stage 1 only, and for just three days.
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
US Treasury pressure leads to new probe of African Development Bank chief
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
Can you buy shares in a listed company that wants to delist?
And what happens to those shares if the company does delist?
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Uproar in Littleton as Eircom mast gets go ahead
Community is mobilising with the view to appealing to An Bord Pleanala
US troop strength in Afghanistan down to close to 8,600 ahead of schedule: sources
A key provision of agreement with Taliban involved a US commitment to reduce its military footprint in Afghanistan
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Korean prosecutors question Samsung heir in succession-related probe
Prosecutors have been investigating suspected accounting fraud at drug company Samsung Biologics
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
Cancelled Hopes
As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
Google faces antitrust case in India over payments app
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations
As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Covid-proof Equity MF
The disruption across sectors demands a review of your equity mutual fund schemes
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
Lockdown Impact: As states lose revenue, here's why they turn to alcohol
Indian states have been wanting to lift ban on the sale of liquor since the implementation of lockdown in the country. The state governments have been running out of money to sustain their fight against novel coronavirus.
Kerala launches BevQ app ahead of reopening liquor sales
The liquor stores in Kerala will remain open from 9:00 am to 5:00 pm; bookings on the BevQ app have been allowed from 6:00 am to 10:00 pm
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
PM CARES now eligible to receive contribution under CSR; govt amends Act
The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Money Matters
Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Heat wave singes North India; Delhi records hottest day in 18 years
Live weather update: According to Kuldeep Srivastava, head of IMD's Regional weather forecasting centre, the last time the mercury touched the 46 degree-mark in New Delhi's Safdarjung was on May 19, 2002
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
How a telecom start-up is helping in tracking, tracing and geo-fencing COVID-19 patients
Tracing and tracking of persons become all the more important as more people start moving out now. It should be quite important for the next two years, till such time a vaccine is developed and deployed across the world
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Food in a Tinderbox
The restaurant industry is close to irreparable damage. Can it be saved?
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
PPE kits not covered under insurance, yet cost 50% of COVID-19 treatment
Jayan Mathews, Co-founder and Chief Product Officer at healthcare financing platform Vital, expects the stakeholders to reach an agreement soon
In a Tight Corner
States finally have headroom to borrow more from the market. But there's a cost to it
India-China standoff: PM Modi meets NSA Doval, Chief of Defence Staff to discuss situation
It is learnt that the defence minister has already conveyed to top military brass that there was no need for reviewing the implementation of any of the key projects along the LAC in Ladakh, Sikkim, Uttarakhand or in Arunachal Pradesh
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
83 NRIs return to Chandigarh
As many as 83 non-resident Indians belonging to Chandigarh have returned to the city till now. Out of these 83 persons, 16 persons have been discharged from the hotels on completion of seven days stay and after they were tested negative. Expatriates from abroad have returned to the city while 70
Himachal CM: Tribal Bhawan to start soon for facilitating tribal people
Himachal Chief Minister Jai Ram Thakur while addressing the chairpersons of Zila Parishads, Panchayat Samitis and Panchayat Pradhans of various Gram Panchayats of Kinnaur and Lahaul Spiti districts and Pangi, Bharmour and Killar area of Chamba district on Tuesday through video conferencing from
China at it, again
Unusual aggression in Ladakh, the worst since Doklam, shows our neighbour is bent on arm twisting us in a post-pandemic world China is becoming as vindictive as the US in getting its way with the world or countries that are dependent on its still viable factory floors. And it has chosen to get
Coronavirus cases cross 1.5 lakh, govt says lockdown has 'decelerated' pace of COVID-19 spread
There have been "multiple gains" from the lockdown and the most important of them is that it has "decelerated the pace" of spread of COVID-19, the Union health ministry said on Wednesday even as the death toll reached 4,337 and the number of cases rose to 1,51,767 in the country. A total of 6,387
"It's wonderful to see passion and creative energy," says Dezeen Awards 2020 judge Steve Trstenjak
As we count down the days to the Dezeen Awards 2020 deadline, Steve Trstenjak of Woods Bagot says that he’s hoping to see an "emphasis on sustainability."
US willing to ‘mediate or arbitrate raging border dispute’: Donald Trump on India-China standoff at LAC
Indian and Chinese troops have remained engaged in an eyeball-to-eyeball situation in several areas along the LAC in eastern Ladakh.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
ICMR removes Rs 4,500 price cap for COVID-19 tests, asks states to negotiate with private labs
The ICMR has said, since the production of indigenous test kits like ELISA which was developed by National Institute of Virology, India is no more solely dependent on imported testing kits.
To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis
The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.
California eases pandemic restrictions; New York Stock Exchange opens
SACRAMENTO, Calif., - California, the most populous U.S. state, took another step toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months.
Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
Latest on the worldwide spread of the coronavirus
The Americas have emerged as the new epicenter of the coronavirus pandemic, the World Health Organization (WHO) said, as outbreaks accelerate in Peru, Chile, El Salvador, Guatemala and Nicaragua.
Kerala likely to resume sale of alcohol from May 28
The Kerala government has approved the resumption of the sale of alcoholic beverages in the state beginning Thursday, said sources, even as the state is witnessing a spike in COVID-19 cases following the easing of restrictions and arrival of Keralites from abroad and other parts of the country.
Exodus of workers from Mumbai leads to spike in rural areas
70% to 80% of new patients in rural areas have returned from urban centres such as Mumbai
COVID-19 is a blessing in disguise, says Housing Minister Jitendra Awhad
Maharashtra Housing Minister Jitendra Awhad on Wednesday assured a group of developers that he would like to implement a regime that would give all construction permissions within a period of 30 days and they would be deemed to be given thereafter.
Aviation services on path to normalcy
Mumbai operates 44 flights out of the allocated 50, catering to 4,224 passengers
After Twitter erupts with disgust, Kent apologises for hurting sentiments, takes down 'insensitive' advertisement
After it received massive backlash for an advertisement portraying domestic helps as infection carriers, Kent RO Systems on Wednesday said that it has taken down its controversial and insensitive 'Atta & Bread Maker' ad.
7,376 calls handed by UWI COVID-19 call centre
The Ministry of Health and Wellness is reporting that the coronavirus (COVID-19) call centre at the University of the West Indies (UWI) handled a total of 7,376 calls during its first month of operations from April 6 to May 6. Of the total calls,...
Survey: Hanover bars and taverns doing well
WESTERN BUREAU: MASHARIO BISSASOR, the Social Development Commission’s (SDC) parish manager for Hanover, says that based on the ongoing survey being undertaken in the parish, the bars and taverns have been meeting the standard outlined to combat...
Government has come good for the farming sector – Fulton
WESTERN BUREAU: JAMAICA AGRICULTURAL Society (JAS) President Lenworth Fulton has said the Government has come good for the agricultural sector, having set aside J$1 billion in the 2020-2021 Budget to keep the sector afloat amid the onset of COVID-...
7,376 calls handled by UWI COVID-19 call centre
The Ministry of Health and Wellness is reporting that the coronavirus (COVID-19) call centre at the University of the West Indies (UWI) handled a total of 7,376 calls during its first month of operations from April 6 to May 6. Of the total calls,...
CMU failed to disclose bank accounts during AGD audit
Members of the Public Accounts Committee (PAC) were told yesterday that the Caribbean Maritime University (CMU) did not furnish information on all the bank accounts it had during a special audit by the Pamela Monroe Ellis-led Auditor General’...
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis
Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Boris Johnson vows not to hike income tax, VAT or national insurance and says triple lock on pensions will STAY despite coronavirus bailouts devastating public finances - with 8.4MILLION jobs now furloughed
Standing by Tory tax and pensions pledges today, Boris Johnson told senior MPs: 'We are going to meet all of our manifesto commitments.'
Gravity-defying glass observation deck jutting out from China's 'horizontal skyscraper' at 820ft high will welcome visitors (but would you dare to stand on it?)
The vertigo-inducing platform is part of an impressive corridor which spans across the top of four towers and is billed as a 'horizontal skyscraper'. It will welcome visitors on Saturday.
That's a deal breaker! Grossed-out social media users share their partners' most unhygienic habits - from flossing with human hair to leaving toenail clippings on the floor
People from across the globe have taken to confession-sharing app Whisper to reveal their partners' worst habits - including re-using floss and leaving ear wax to build up.
'Put them in a spacecraft and fly them to Mars': Abigail Disney hits out at 'feral' billionaires, saying Bezos has transformed into Darth Vader, Elon Musk is a narcissist and Peter Thiel is a menace
Answering who the 3 most 'toxic billionaires' were, Abigail Disnet named Jeff Bezos, Elon Musk and Peter Thiel. She said Bezos was like Vader.
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
Shaw launches ‘Fibre+ Gig’ internet plan for residential customers in Western Canada
Shaw Communications has launched ‘Fibre+ Gig’ for residential internet customers in Western Canada, which offers customers gigabit download speeds.
Rural Economic Development Minister open to internet being a public utility to increase access
Rural Economic Development Minister Mayam Monsef says she is open to internet access being a public utility to increase rural access.
Reopen the Economy
There is a strong case for the government to review the restrictions and eases them considerably to let the people return to businesses. Going by its economic cost, the lockdown has become unsustainable. As things stand, lockdown is wrecking the businesses, leaving thousands of people unemployed
Rs 223 Crore Bank Fraud: HC Denies Bail To Accused Ex-Chairman
The Jammu and Kashmir High Court on Wednesday rejected plea of former chairman J&K State Cooperative Bank, seeking quashing of FIR against him filed by the Anti-Corruption Bureau in the whopping 230 crore fraud case
Kent RO takes down controversial ad, apologises for depicting maids in derogatory manner
The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media.
Locust swarms head for India ahead of planting season
As many as 700 tractors, 75 fire engines and almost 50 other vehicles are engaged in spraying pesticides to kill the locusts, Trilochan Mohapatra, director general of the state-run Indian Council of Agricultural Research in New Delhi said on Tuesday.
Labour reforms: Centre to tell states not to rewrite laws
As reported by FE earlier, Madhya Pradesh, Uttar Pradesh and Gujarat proposed/issued orders, suspending key provisions of labour laws.
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Why Latin American airlines are going belly-up?
The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.
Locusts have not hit rabi crops; efforts on to prevent spread before monsoon to save kharif crops
The officials, however, said that locust swarms would not have posed a big threat to India, had neighbouring Pakistan controlled its spread at its end.
Indian Air Force gets 15 deadly and heavyweight Chinook Helicopters! To help operations in the Northeast Region
Sources in the Indian Air Force (IAF) have confirmed to Financial Express Online that “The final five of the 15 Chinook heavy-lift helicopters were handed over to the IAF at the Air Force Station, Chandigarh, just before the countrywide lockdown.”
Centre, Maharashtra spar over Shramik Specials ‘going empty’
According to the Railways, based on the demand assessment provided by the Maharashtra government on May 15, 145 trains were planned.
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
How India can develop its health ecosystem into a dominant, post-Covid economic sector
By streamlining development and regulatory processes, and lending more support so our innovators can compete on a global platform, India can develop its health innovation ecosystem into a dominant, post-Covid economic sector
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
Missing power goals again! Thermal plants all set to miss 2022 pollution target
With two years to the deadline, just 97 GW of the coal-fired capacity is in compliance with particulate matter (PM) standards, while upgradation is underway in 14 GW and a mere 16 GW of capacity is in compliance with SO2 norms.
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
How co-working spaces can restart post Covid-19 lockdown
Many co-working spaces are already framing drastic measures to restart their business post lockdown, ensuring the safety of members and hygiene of premises at the highest level.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
‘Aatmanirbhar’ package for agriculture: Sowing half-reforms
While the government deserves credit for announcing agri-reforms that have long been in the making, these may remain halfway measures as it has refrained from biting the bullet on truly freeing up the sector
Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices
Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
Need for growing NDB into global development institution: FM Nirmala Sitharaman
In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.
ASI team discovers monolithic Shiva Linga in Vietnam! India extends a helping hand to restore Cham Temple Complex
The temple complex was built in the 9th century A.D. under the reign of King Indravarman II who also built the famous Dong Duong Buddhist Monastery in Quang Nam Province.
How COVID-19 has changed the face of insurance industry and the role digital can play
The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over
The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
Covid-19: Catch up to trend-GDP difficult in three years
However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.
COVID-19: Trump thinks in-person G7 summit would be great example of reopening, says White House
Originally, Trump wanted to hold the G7 at his club in the Miami area, as announced by then-acting White House chief of staff Mick Mulvaney in a press conference last fall, but it was subsequently moved to Camp David in June amid public pressure.
E-commerce transactions grow up to 25% in second week of May
Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.
Amazon provides free COVID-19 health insurance for its sellers
Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.
Domestic flight services in India: 445 flights carrying 62,641 passengers operated on May 26, says Hardeep Singh Puri
Services were resumed on Monday after a gap of two months and 428 flights were operated within the country on the same day.
Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source
This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.
Workplace norms after Covid-19 outbreak: Preparing for the new normal
The need of the hour is to rethink organisational transformation, ensure the safety of our employees and re-align operations to help our customers
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey
The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report
Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
COVID-19 crisis: IT employees union writes to CM over lay-offs
National Information Technology Employees Senate (NITES) in the letter written to CM on Tuesday said several IT/ITeS/BPO/KPO companies across Maharashtra have started terminating services of their employees without any reasonable cause and withholding or deducting their salaries.
Elgi Equipments to shut Chinese subsidiary on poor show
These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report
The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
This will be the Indian Railways Dehradun station soon! Developers like GMR, Mahindra attend pre-bid meeting
World-class Indian Railways Dehradun railway station is one step closer! The pre-bid meeting was attended by 22 potential investors like the GMR Group, Adani Road Transport Ltd.
How India can push its dairy cart ahead
The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
India-China standoff: US President Donald Trump says ‘willing to mediate’ to diffuse border dispute
India-China standoff: In the recent past, several areas along the Line of Actual Control (LAC) in Ladakh region and North Sikkim have witnessed a major military build-up by both the Indian and Chinese armies.
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term
Stock markets are hard to predict. The best way to time the market is to remain invested in the market.
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
CAI urges Centre to take steps to control desert locust attack
In a representation to both the ministers, Atul Ganatra, president, CAI said that sowing of cotton in north India is complete to the extent of 80%.
Donald Trump ‘displeased’ with China’s new security law for Hong Kong: White House
The bill which is set to be approved by the National People's Congress, regarded as the rubber-stamp parliament for its routine approval of proposals by the ruling Communist Party of China (CPC), comes in the backdrop of relentless agitation by the local Hong Kong people/
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service
Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry
Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Boeing resumes production of its troubled 737 Max airplane
The plane involved in two fatal crashes is starting back up production.
Google now lets businesses clarify what online services they offer during the pandemic
Businesses in more countries will also be able to list donation links.
Congress’ Surjewala moves SC seeking to intervene in migrants’ plight issue
Senior Congress leader Randeep Singh Surjewala moved the Supreme Court seeking to intervene in the matter in which the apex court on its own
Mumbai spirited with Liquor supply back to door steps
Thought the liquor home delivery started in Mumbai and the huge orders are placed from city, but in spite of ban liquor availability of any brand
Mumbai finally restored to home delivery of liquor
One in two orders placed for home deliveries of alcohol in Maharashtra came from Mumbai this week.
AT&T Won't Stop Lying About 'Fake 5G'
Big wireless carriers haven't been exactly honest when it comes to the looming fifth-generation wireless standard (5G). Eager to...
AfDB:I maintain my innocence on allegations – Adesina
Adesina said this in a statement he personally signed and issued on Wednesday.
Military airstrike kills 30 bandits in Zamfara
The Coordinator, Defence Media Operations, Major General John Enenche, disclosed this in a statement on Wednesday in Abuja.
Kano workers issue two weeks ultimatum to Government over slashing of salaries
Kabiru Ado, the state’s Chairman of the Nigeria Labour Congress, stated this at a joint news conference on Wednesday in Kano.
Regal Cinemas Has No Current Plans to Reopen; AMC May Stave Off Bankruptcy
When is Regal Cinemas reopening? The theater chain has not yet announced a date, leaving some wondering if it will be open for Christopher Nolan's Tenet.
London-based Greyparrot nabs €2 million to automate recycling sorting
Today British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass. The new funds
Effective test, track and tracing 'can reduce lost working hours by 50%'
UN research shows strong systems can reduce public fear and minimise workplace disruption
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
Hong Kong no longer has autonomy from China, Mike Pompeo says
US will end special trade relations with Hong Kong, which could seriously impact the territory’s economy
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
ICMR asks states to revise cost of Covid-19 test; material cost may reduce
India has reported a total number of 1,51,767 cases of coronavirus, of which 64,425 have been cured/discharged while 4,337 have lost their lives
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
Lufthansa refuses to accept EU conditions on $10-billion bailout
Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Kolkata Metro Railway to start trial run of trains for maintenance
Preparations have begun for restarting metro services in the city with stress on maintaining social distancing at stations and inside the trains
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
States tighten locust control measures as pest gives Delhi a miss for now
Govt asserts desert locusts have not impacted rabi crops and efforts are on to eliminate the insects before monsoon in order to save kharif
Top headlines: Google faces antitrust case in India, Ola buys Dutch firm
Business Standard brings to you the top headlines of the day
Approval rating for Modi govt 2.0 falls to 62% from 75% last year: Survey
The government's handling of the Covid-19 pandemic, however, got the highest approval rating
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis
On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis
Most of the reductions will take place this year, according to an internal memo said.
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake
The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
UP eyeing post-covid investment from US, Japan, Korea: Industry minister
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
E-pass not needed for passengers moving to or from airport: Mumbai Police
The domestic flights were allowed to operate by the Central government, with reasonable restrictions, from May 25
Lockdown impact: NHAI to extend contract for private highway developers
25% average toll collection loss to get one-day extension
Ola Electric buys Dutch scooter company Etergo valued at $92 million
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more
Here are the top 10 business headlines on Wednesday morning
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Covid-19 lockdowns: California eases pandemic restrictions, NYSE reopens
While lifting the ban on services at places of worship, the California governor limited the number of people who can gather at one time to 25 percent of a building's capacity
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
Kent RO withdraws ad, apologises for depicting helps as Covid-19 carriers
The ad, featuring Hema Malini and her daughter Esha Deol as campaigners, drew heavy criticism on social media
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
Govt to use five hubs to bring back Indians on Vande Bharat flights
Over 275 Indians stranded in Mexico, Peru, Portugal and Netherlands returned via Amsterdam in first such flight on Wednesday
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
Locust swarms headed towards Delhi; crops threatened in many states
Higher than normal temperatures have helped locusts spread more rapidly in different parts of the states
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Heat wave likely to recede in Central India from May 29 onwards: IMD
The IMD predicted that maximum temepratures in North India likely to recede from May 28
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
Passenger on Alliance Air's Delhi-Ludhiana flight tests Covid-19 positive
According to the spokesperson, there were 36 passengers and five crew members in the flight.
Google faces antitrust case in India over promoting payments app: Report
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Torrent, Lanco among private gencos not paid by Madhya Pradesh Power Co
This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
Hong Kong no longer qualifies as autonomous under China, says Pompeo
Hong Kong, an economic powerhouse, is a Special Administrative Region of China
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
Boeing slashes 12,000 jobs as coronavirus impacts travel industry
A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months
World coronavirus dispatch: Big Tech's big plans for the post-Covid world
From first drone deliveries in the US, to how South Korea crushed its second outbreak, and the impact of Covid-19 on militant activity in Africa - read these and more in today's world dispatch
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Greece “will invest, not spend, its share” of the EU €750 billion recovery plan
Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
Tesla to cut car prices in North America, China
The price cut comes as states after lockdowns during which demand for cars waned.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Coronavirus impact: Punjab seeks Rs 51,102 crore fiscal stimulus from Centre
A draft memorandum to this effect was approved on Wednesday by the Council of Ministers at a meeting chaired by Chief Minister Amarinder Singh, an official statement said.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
Coronavirus pandemic | 18 new COVID-19 cases in Dharavi, count rises to 1,639: BMC
No death due to the deadly infection was reported in Dharavi in the last 24 hours, the official said.
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
Google faces antitrust case in India over payments app
The complaint alleges the US tech giant more prominently showcases its Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors which hurts consumers, the source added.
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
The going will get tougher for the Indian automobile sector; here's why
In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Vestapace to launch 35 satellites for 5G network in India, eyes commencing operation by 2021
Vestaspace Technologies founder and CEO Arun Kumar Sureban said a beta version of the next-generation satellite constellations is planned for September 2020, besides the launch of a fully operational constellation of satellites in early 2021 into 'Low-Earth-Orbit or Geosynchronous Equatorial Orbit'.
Paytm allows Vodafone Idea feature phone users to recharge using UPI
Paytm said it has partnered Vodafone Idea and National Payments Corporation of India (NPCI) to allow feature phone users to recharge their numbers using UPI.
Scale-up battle preparedness visualising worst-case scenarios: President Xi Jinping tells Chinese military
Xi ordered the military to think about worst-case scenarios, scale up training and battle preparedness, promptly and effectively deal with all sorts of complex situations and resolutely safeguard national sovereignty, security and development interests
Private jet demand rises as wealthy Russians spend lockdown in West
Passengers are heading for countries such as Britain and Cyprus where they own property, have residency rights, sometimes thanks to holding dual nationality, or have close relatives, according to industry sources.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately
Need for growing NDB into global development institution: FM Nirmala Sitharaman
She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.
Govt steps up locust control operations; drones to be deployed soon
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas, it added.
Boeing set to announce significant US job cuts this week
A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
A match made in heaven: How Vows for Eternity is redefining confidential matchmaking for global Indians
Headquartered in New York City with an established presence in Mumbai, Delhi, London and Dubai, Vows for Eternity is a global, confidential and personalised matrimonial search firm that brings life partners together based on mindsets, values and personalities
Coronavirus crisis | With hospitals stretched to capacity, housing societies in Mumbai are renting oxygen cylinders: Report
With Mumbai facing an acute shortage of ICU beds in private hospitals, there have been situations where patients have been asked to wait.
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Coronavirus pandemic | 30,000 weddings cancelled in Gujarat amid COVID-19
March and April are considered the peak season, when maximum number of weddings take place in the state, Hotel and Restaurant Association (Gujarat) spokesperson Abhijit Deshmukh said.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
India should avoid understanding Beijing through 'biased' US lens, says Chinese strategic analyst
In the article, he also accused India of starting the latest standoff, alleging that it was a
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
HBO Max is here to take on Netflix. Is it too late?
AT&T’s streaming platform goes live on May 27. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.
Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better
Existing health insurance plans offer far more features and benefits, but come with higher premiums
India must plan implementation of COVID-19 vaccine when it comes: Ashish Jha tells Rahul Gandhi
India must have a plan for implementing it as it needs 50 to 60 crore vaccines, said Jha.
SAT test now optional for US university admissions; Indian test-prep institutes feel the heat
For students, especially from non-native English speaking nations, the SAT is used to test the ability to read and comprehend university-level programmes
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
L&T delivers critical nuclear power plant equipment to global customers during lockdown
The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
WHO creates foundation to tap new funding sources
The WHO Foundation is being created as an independent grant-making entity that will support the organisation's efforts to address the most pressing global health challenges by raising new funding from
World economic prospects darken, rebound delayed: Poll
With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Govt may launch coal blocks auction process under commercial mining on June 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
[Deal] Grab an Amazon Fire TV Cube for $100 or TV Stick from just $30
Amazon might have rolled their Prime Day sales extravagance back until September but that doesn't mean you can't still pick up a bargain or two on its rang
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes
The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.
How To Get Nearly $10,000 Off A New 2020 Chevy Silverado
Costco offers incentives on the Silverado, Suburban, and Tahoe that combine with Chevy's existing deals that are available elsewhere.
Meet Samsung Money by SoFi, a Mastercard debit card and mobile money management experience
Samsung today announced Samsung Money by SoFi, a new Mastercard debit card with exclusive benefits to Samsung Pay and a mobile-first money management experience. Instead of building a solution like Apple Card on its own, Samsung has partnered with fintech company SoFi for Samsung Money.
Bath & Body Works Is Closing 50 Locations Nationwide, and Malls Just Won't Be the Same
Bath & Body Works announced it will be closing 50 stores across the country, mostly in malls.
Here's When You Can Expect Tattoo Parlors to Open Back Up in Each State
The coronavirus pandemic is nowhere near over, but nearly all states in the US have officially introduced plans to reopen their economies after several weeks
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin has seen a sharp decline in on-chain large transactions. This signals that large spot traders are largely moving to the sidelines.
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
5 Unmissable Highlights From Consensus: Distributed 2020
Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
Here’s Why a Lawyer Thinks Russia’s Cryptocurrency Ban is Unconstitutional
Recently, we reported that Russia planned to criminalize the use of cryptocurrency, but one lawyer thinks it may be unconstitutional.
Confusion Zone: How E-Filing Works
The language used for the electronic filing of court documents translates into an older, simpler set of terms for paper filing. Press access hangs on understanding that translation.
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
Bank: Lithuanian billion-rescue-plan may be slowed down by red tape
As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.
Rappler Talk: Johanna Son on how Thailand contained the coronavirus
On Wednesday, May 27, Rappler editor-at-large Marites Vitug talks to journalist Johanna Son to discuss what other countries can learn from Thailand
'Starting point': EU's frugal members cool on recovery plan
Austria, the Netherlands, Denmark, and Sweden want emergency help for countries badly hit by the coronavirus to take the form of one-off loans
LIVE: House hearing on the spike in electricity bills
Watch the hearing live on Rappler
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Trump sounds warning over Hong Kong's future
Trump promises a 'very interesting' US response within days
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
Taiwan leader vows 'action plan' for Hong Kong protesters
'The cabinet will come up with a Hong Kong humanitarian assistance action plan...to provide complete planning for Hong Kong people's residency, accommodation and care,' says Taiwan's President Tsai Ing-wen
Battle ahead for EU's massive virus recovery plan
If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.
Air corridors can kickstart post-virus tourism – U.N. agency
The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion
Thai parliament urged to pass record $60-billion virus stimulus bill
'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha
Fearing coronavirus, OFWs in Algeria ask PH gov’t to bring them home
At least 152 Filipinos working in construction sites remain stranded in the African country
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
New turbulence in high-stakes Lufthansa rescue drama
Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'
China to loosen flight restrictions after outcry from stranded citizens
Starting June 2020, the number of permitted flights in China will nearly triple to 407 per week
Pandemic creating 'lockdown generation' as 1 in 6 youths stop work – U.N.
Young people are facing a 'triple shock' from the coronavirus crisis, which is not only destroying their employment but also disrupting education and training
Airlines given $123 billion in state aid – IATA
While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid
Air France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
Duterte wants Aaron Aquino to head Clark International Airport Corporation
After leading the country's top anti-narcotics agency, Aaron Aquino is asked to helm a government corporation in charge of developing the second gateway to Metro Manila
LIVE: Senate hearing on non-expiration of franchises
Watch the Senate hearing live on Rappler
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
How much will be enough when it comes to Canada's COVID-19 supply?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Pompeo: “Hong Kong is No Longer Autonomous From China”
Loss of city-state's
Why Congressional “Oversight” of the Bureaucracy Is No Such Thing
Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
‘Ugly Even for Him’: Trump’s Usual Allies Recoil at His Smear of MSNBC Host
The Wall Street Journal and Washington Examiner chastised the president as a top House Republican, Liz Cheney, urged him to “stop” his attacks on Joe Scarborough.
Are You Ready to Get on an Airplane Again?
Airlines are burning $10 billion a month to fly empty. This can’t go on forever.
Trump’s Economic Advisers Are Wrong
Forget a V-shaped recovery, or even a U.
Learn about places that do not allow entry without wearing mask
Whoever violates these decisions shall be punished with a fine not exceeding LE 4,000, or a penalty of detention.
Pics: President follows up on road projects in Egyptian capital
Sisi has been keen to listen to the opinions of the workers in these projects and make sure the work goes as it should, Presidential Spokesman Bassam Radi said.
How the coronavirus lockdown has accelerated the challenges for our town centres
As part of our series linked to the Passionate People, Passionate Places campaign, we look at the problems facing town and city centres on lockdown
Trying To Buy A Switch Now Is Just Ridiculous
The covid-19 outbreak created an economy of scarcity. Overnight, goods such as toilet paper, cleaning products, and hand sanitiser became valuable commodities. Meanwhile scalpers seized upon the opportunity to hoard and resell those items at ridiculous mark-ups. But as stocks are replenishing, one item that hasn’t...
Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad
Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.
To get China to budge, India brings in its best 3
The Chinese had created similar problems during the Doklam issue and it was finally up to Prime Minister Narendra Modi's crack team to sort out the issue. With talks failing, it would now be up to National Security Advisor, Ajit Doval, External Affairs Minister S Jaishankar and Chief of Defence Staff, General Bipin Raw
Super spreader: Kerala slams Centre for trains sent without heads-up
Kerala government has raised objections to the handling of special trains by the Railways ministry, saying its method of sending trains without prior information could derail the state's protocol to control the coronavirus.
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
China’s military build-up a diversion tactic
China’s military build-up on the north bank of the Pangong Tso lake along its disputed boundary with India is just one of the many facets of its aggression, which it deliberately ratcheted up amid
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
YouTube says removal of China comments 'an error'
YouTube said Tuesday it was investigating the removal of comments critical of the Chinese Communist Party from the video-sharing platform, saying the filtering appeared to be "an error." The comments
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
EXPLAINED | Hong Kong's China national anthem bill aims to legislate 'respect'
Hong Kong's legislature is moving forward on a controversial bill that would criminalise abuse of China's national anthem. A second reading of the bill is being held in the legislature on Wednesday.
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Fewer cancellations on second day of domestic flights
The second day of resumption of domestic flights witnessed fewer cancellations as more passengers took to the skies on Tuesday. Civil Aviation Minister Hardeep Singh Puri said airports across the
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
62% believe Modi govt either met or exceeded their expectations: Survey
In the survey, 56 per cent of participants were of the view that Modi govt has not been able to address unemployment situation in the country.
US President Donald Trump offers to 'mediate or arbitrate' between India and China
The United States President Donald Trump on Wednesday offered to mediate or arbitrate between India and China to help the two neighbouring nations resolve the boundary dispute, which once again
Riot police shield Hong Kong legislature as protests gather against anthem bill
Hong Kong deployed riot police around the Legislative Council on Wednesday as activists called for protests against a bill to criminalise disrespect of the Chinese anthem, amid soaring tensions over
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
Boeing set to announce significant US job cuts this week: Union
Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union
Facebook wallet for Libra digital coins renamed 'Novi'
Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would
UK PM Johnson to join post-Brexit talks as key deadline nears
UK Prime Minister Boris Johnson will meet EU leaders in a bid to reinvigorate stalled post-Brexit negotiations ahead of a key deadline, officials said on Wednesday. Britain officially left the
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Coronavirus effect: UAE residents evicted over Eid, harassed due to unpaid rents
Landlords say they also have cheques to clear and thus must put tenants under pressure
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Kuwait MP set to grill finance minister over fund corruption
The corruption case involves a Malaysian Fund and a Chinese company
This is also time to nurse economies back to health
GCC showed a level of sophistication in combating COVID-19, but much still needs doing
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Saudi Arabia tourist visas to be extended for three months
Tourist visas to be extended automatically free of charge for three months
Oman to lift lockdown on Muscat from Sunday
As per the new decisions, public sector employees will resume work gradually
Saudi Arabia to open two new airports
Al Jouf and Arar airports ready to be operational from Sunday 31
COVID-19: EU aims to back struggling south with fiscal shock and awe
Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
Coronavirus effect: What protection do sub-let tenants have in the UAE?
Dubai Land Department clarifies as residents claim harassment by sublessors
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
Oman to lift lockdown on Muscat from Friday
As per the new decisions, public sector employees will resume work gradually
Asian markets in retreat as China-US tensions return to fore
Markets are concerned about another flare-up in Hong Kong on a controversial security law
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
Billion-dollar fines won’t change Big Tech
It’s time authorities everywhere clamped strict rules on Facebook, Google use of data
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
US ends sanction waivers for nations in Iran nuclear deal
Move, announced by Pompeo, brings deal further to brink of collapse
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Samsung eyes payments security boost with new chip
Samsung Electronics’ semiconductor division unveiled its next generation security chip and related software, marketing the ...
Apple reopens doors to nearly 100 US stores
Apple plans to reopen around 100 of its stores in the US by the end ...
Arm unveils chipset upgrades for Android
UK-based chip designer Arm unveiled next-generation processor designs geared towards boosting performance on Android devices, ...
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
This leading password manager is now exceptionally cheap - and comes with 10GB cloud storage
These excellent password manager deals will go a long way to safeguarding online accounts while working from home.
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Major telcos’ April download speeds take a hit in India
A sudden surge in data consumption in April, immediately after the nation went on lockdown, has understandably affected download speeds of Indian telcos.
5 reasons why a business needs a POS (Point of Sale) system
If you're a small retailer, you should probably be looking at a modern Point of Sale system to help maximize your sales.
Chaos at airports continue as flights resume
Around 630 flights were cancelled on Monday while on Tuesday 80 flights were cancelled at Delhi alone.
Why is China pushing the Hong Kong security law?
The protests in Hong Kong and the reaction in Beijing illustrate a fundamental divide that has once again bubbled to the surface
Lapses in handling human crisis: Supreme Court to Centre on miseries of migrants
The court also issued notice to all the states and UTs, directing them to submit their response by Thursday.
United States declares Hong Kong has lost autonomy from China
"It is now clear that China is modelling Hong Kong after itself."
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
National's new agriculture spokesperson David Bennett accuses Government of using farmers to just 'pay the bills'
David Bennett took over the position of spokesperson after Todd Muller became the party's new leader.
Government invests $700 million to protect fresh waterways, announces raft of new regulations
The Government has earmarked $700 million to help the primary sector and other groups implement the new rules.
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
South Africa should revisit alcohol regulations: ANC’s Duarte
Deputy secretary-general of the ANC Jessie Duarte says that South Africa should reassess its policy in terms of the regulation of alcohol ‘with or without the Covid-19 threat’.
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
SAA administrators see reasonable chance of rescuing the airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
Government furlough scheme now covers 8.4 million workers
At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
HK leader maintains new security laws won't hurt rights, freedoms
HONG KONG: Hong Kong leader Carrie Lam said yesterday that Beijing's proposed national security laws would not trample on the city's rights and freedoms and called on citizens to wait to see the details of the legislation. Mrs Lam added her voice to an unprecedented barrage...
Import of PMDs, e-bikes will require LTA approval
Open spaces such as courtyards and plazas will be designated as public paths later this year, enabling the Land Transport Authority (LTA) to take enforcement action against errant cyclists and personal mobility device (PMD) users in such areas. And LTA's approval will be...
Disrupted home renovations will get priority to resume: Lawrence Wong
Home owners whose renovation works were disrupted will be given priority to restart in phase one of the post-circuit breaker period, said Minister for National Development Lawrence Wong yesterday. The Government will consider allowing new home renovation projects to proceed...
Fortitude Budget: More incentives to support employers to hire workers
The Government will ramp up hiring incentives to employers to support them in hiring workers who have gone through eligible traineeship and training schemes, Deputy Prime Minister Heng Swee Keat said yesterday. For one, the hiring incentive that was first introduced under...
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
$100 utilities credit for households with at least one Singaporean
All households with at least one Singaporean member will receive a one-off $100 sum to cover their utility bills. This sum, known as the Solidarity Utilities Credit, will be credited in their utilities bill in July or August and covers all property...
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
Agencies on front lines of Covid-19 battle to get extra funding: DPM
Agencies on the front lines of the coronavirus pandemic will get extra funding under the $33 billion supplementary Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. This will go towards boosting Singapore's clinical management of cases as well as its...
Why You Shouldn't Worry About Moderna's Recent Insider Selling
No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
The Trump Administration’s War on Huawei Could Hurt These 3 Stocks
TSMC and two other tech giants could become collateral damage in the tech war.
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Why Moderna Stock Dropped Today
The biotech's coronavirus vaccine reportedly made some people sick.
3 Ways Your Social Security Checks Could Be Reduced by COVID-19
The coronavirus pandemic could result in smaller monthly checks.
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Why Many Cloud Computing Stocks Crashed Today
The stocks behind popular cloud-based business services such as Okta, Datadog, and Twilio fell sharply on Wednesday.
Why Arcturus Therapeutics Stock Is Plunging Today
Blame it on Moderna. Sort of.
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
Opportunity is knocking for investors with a long-term mindset.
Disney World Finally Has a Plan to Reopen
Disney World and SeaWorld Orlando are presenting their reopening plans on Wednesday.
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Why You Should Plan to Retire Early Even If You Don't Want to
There's one really important reason.
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Nasdaq Today: What's Sending Chip Stocks AMD and NVIDIA Lower Wednesday?
Stocks were largely mixed, but it was a poor day for the Nasdaq in particular.
Why NIO Stock Is Rising Today
An analyst upgrade ahead of earnings is giving shares a boost.
Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday
Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.
How Rich Are You? Richer Than You Think
Take a look at how much money other people have and live on, and your situation might look better than you thought.
5 Investment Trends to Profit From a Post-Coronavirus World
A look at some investment themes relevant in the post-COVID-19 world.
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
5 Stocks to Start Investing in 2020
These top businesses can form the foundation of your investment portfolio.
Why General Electric Stock Jumped Nearly 10% at the Open Today
The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.
3 Reasons to Buy Stocks Right Now
Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.
2 Reasons Target Will Be a Post-Coronavirus Winner
Target’s earnings suffered in the past quarter, but two points in the report are reasons to smile.
New Google My Business features aim to help SMBs pivot and survive COVID-19
The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.
AFDB crisis: Adesina maintains innocence over allegations of nepotism
PRESIDENT of the African Development Bank (AFDB) Akinwunmi Adesina has maintained his innocence with regards to the various allegations against him. In a statement personally signed by Adesina, he expressed confidence in the integrity of the bank, its governance systems as well as its rules and procedure. Recall that Adesina was recently accused by a […]
After uncertain future, vacant mould-filled Saskatoon luxury home slated for demolition may have new lease on life
A luxury home in Saskatoon that has been empty for years, is full of mould and was nearly demolished by the city may have a new lease on life.
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
Rand falls as Sino-US friction dents risk appetite
At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.
ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
FFC urges govt to reconsider its fiscal consolidation stance
Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
NUM: Some mining companies not protecting workers from COVID-19
The union said miners were still forced to work in close proximity because their jobs made it difficult to follow social distancing.
Hairdressers head to court today over level 3 restrictions
With level 3 regulations set to come into effect next week, those in the hair and beauty industry are still not being allowed to fully operate.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
Restaurant association questions allowing reopening of places of worship
CEO at the Restaurant Association of South Africa Wendy Alberts said the industry was suffering.
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
DA demands details on UIF’s COVID-19 relief payments
The party’s Michael Cardo said the UIF was failing to pay through the employee relief scheme and its website was constantly offline.
'Many of us are fearful': South Africa to reopen places of worship
The past few weeks of lockdown, one of the strictest in Africa, have been catastrophic for the country's poorest, many of whom live hand-to-mouth in crowded slums.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
Education department IT manager directed $14m work to his own company
'Go-to guy' in Department of Education and Training misused position for more than a decade to direct almost $14m-worth of work to company he owned, IBAC says.
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
State-owned Chinese company bids to build second UK nuclear plant
The company is blacklisted in the US and its application has created more headaches for UK PM Boris Johnson.
Another economic crisis and the cupboard appears bare
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery.
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Court rejects compo for woman who hurt hip after 'excessive socialising'
Danielle Dring, who slipped on wet tiles after a night of champagne, wine and cocktails on a work trip, has failed again in her bid for compensation from Telstra.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Free childcare has shown the benefits of generous government subsidies
The impact of the coronavirus shutdown is set to leave a permanent scar across the entire childcare industry.
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
$100m Redfern station upgrade to start later this year
The upgrade to the southern end of one of Sydney's busiest train stations will be completed about a year later than originally planned.
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
Apple to Reopen More Than 100 Stores in The US This Week
Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
U.N. calls meeting to boost pandemic support for developing countries
WASHINGTON, May 26 (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
Weather delays SpaceX’s first astronaut launch from Florida
CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was forced by foul weather to scrub a planned launch on Wednesday of two Americans into orbit from Florida, a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.
Winter of discontent looms for mining sector
As the mining sector gears up to resume full production from June, the Minerals Council South Africa sees a 6%-10% contraction in overall mining production for 2020 because of the Covid-19 impact. It is also satisfied that its screening and testing measures are working. Unions would beg to differ.
Alibaba Hunts for a Million Influencers Keen to Make Big Money
Alibaba Group Holding Ltd. pioneered the use of live-streaming hosts to sell everything from lipstick to smartphones in China. Now, the e-commerce giant wants to repeat that success globally with the help of a million influencers on forums from TikTok to Instagram.
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
Flying high: SAA rescue practitioners defend their R30m fees
Rescue practitioners Siviwe Dongwana and Les Matuson have come under fire for the R30m in fees that they have invoiced and the R10bn spent on restructuring SAA since it was placed under business rescue on 5 December 2019.
Administrators deny South African Airways set to start flying
JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.
Twitter fact-checks Trump tweet for the first time
SAN FRANCISCO, May 26 (Reuters) - Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by U.S. President Donald Trump, warning that his claims about mail-in ballots were false and had been debunked by fact checkers.
How South Africa can best balance controlling Covid-19 and avoiding economic disaster
There is intense pressure on the government to lift the lockdown and open the economy. Sustainably lifting out of the lockdown is critical. But there is no roadmap.
“Move on” says British PM, as row over adviser Cummings persists
LONDON, May 27 (Reuters) - Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a "very, very frustrating episode" when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
Hong Kong police arrest 300 as thousands protest over security laws
HONG KONG, May 27 (Reuters) - Police in Hong Kong fired pepper pellets and made 300 arrests as thousands of people took to the streets on Wednesday to voice anger over national security legislation proposed by China, that has raised international alarm over freedoms in the city.
EU Has Bigger Problems to Worry About Than Gridlock Over Brexit
(Bloomberg) — When Boris Johnson boasted last year he’d got “Brexit done,” weary European governments were only too happy to go along with it.
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
Security tight as Hong Kong set to debate China national anthem bill
HONG KONG — Hundreds of riot police took up posts in and around Hong Kong’s financial district on Wednesday ahead of a debate at the city’s Legislative Council over a bill that would criminalize disrespect of China’s national anthem.
Tesla to cut car prices in North America, China
BEIJING — Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank
CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
New diagnoses of one of the deadliest cancers fell by one-third in March and April as U.S. physicians and patients halted appointments and screenings during the COVID-19 outbreak.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
U.S. weighs options 'across the spectrum' to punish China over Hong Kong
WASHINGTON — The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
Swarms of desert locusts threaten India's summer crops
An invasion by swarms of desert locusts has devastated crops in India's heartland, threatening an already vulnerable region that is struggling with the economic cost of coronavirus lockdown.
Wedding video company allegedly creates website to mock customer who sought refund after bride-to-be died
A videography company is being accused of denying a refund to a Colorado man whose bride-to-be died in a car crash and then taking out a website in the man’s name to mock him.
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
Japan OKs funds for US$1.1T stimulus to fight pandemic woes
Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
More than 17,000 parked planes: Visualizing the pandemic’s impact on air travel
The coronavirus pandemic has brought commercial air travel to a near standstill, and the empty skies mean airlines around the world are facing some tough questions about how long their planes will be parked and what a longer interruption to air travel could mean for the industry as a whole.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
How much will be enough when it comes to Canada's COVID-19 supply?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that production will take place over the next year.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
Genobank: Looking to Remake the DNA Kit Market
Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know
Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.
5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN
Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
7 American ETFs for the Hometown Crowd
American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
It’s Not a Fantasy to Believe in DraftKings
Although the fans may not be there, pent-up demand from so many people going without should help drive up DKNG.
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
Shopify Will Remain an E-Commerce Powerhouse
Shopify is capitalizing on this shifting trend in e-commerce as people avoid brick-and-mortar stores. SHOP stock is a strong buy right now.
HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance
HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
3 Gold Stocks to Buy on the Dip
Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.
The Sector Back From the Grave
While the S&P has been soaring, there's one sector (other than tech) that's crushing it ... and you probably haven't been paying it any attention.
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
The 4 Stimulus Bills Saving America From Its Biggest Depression Ever
The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.
Why Patience Is Key When It Comes to DraftKings Stock
The sports betting market offers a huge growth runway and DraftKings stock is a play on it, but the share price has gotten too high.
GE Stock Comeback Story is Delayed But Not Canceled
The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
Why the Math Doesn’t Work for Chesapeake Energy
When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.
Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy
Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
Nordstrom Needs to Bring Back What Made it Special
Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why.
Facebook Stock to $1,000? It’s Possible Now Thanks to Shops
Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.
Why Facebook Stock Will Reach $300 Sooner Than You Think
The tech giant's ad revenue is likely to increase in coming quarters, which will push FB stock to new highs.
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff
Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
It’s Time to Take Ford Out to the Junkyard
Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.
10 Stocks to Buy as They Ride a Coronavirus Tailwind
These names are either heavily discounted or are actually riding high on the outbreak.
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
Gaming Is a Billion-Dollar Opportunity for Amazon Stock
Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.
Here’s How to Make a Safer Wager on Penn National Gaming Stock
Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.
The Trip Aboard Carnival Cruises Stock Will Be Stormy
There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.
Can Marathon Oil Ever Get Back to $30?
Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
Netflix Stock Is a Win No Matter Where the Pandemic Goes
NFLX stock is more than just a pandemic play. The firm will likely continue to perform in the quarters ahead despite the economic downturn.
The Best Way to Play the Current Tech Rally Is eBay Stock
Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.
MTD Bus Capacity Increases, Face Masks Required
[Since] Friday, Santa Barbara MTD increased the number of passengers allowed on board all MTD buses.
Lagarde: It’s even worse than we thought
ECB president supports more public spending as milder economic predictions are ‘out of date.’
Pompeo: China has taken Hong Kong’s autonomy away
‘No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,’ said the US secretary of state.
Germany’s Scholz sees recovery fund as more than money
German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.
Merkel vows a ‘tough fight’ with Brussels over Lufthansa rescue
Merkel and Vestager brace for a fight over how far Berlin can go to save its flag carrier.
Sebastian Kurz cautious on Commission’s €750B recovery blueprint
Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.
Wike cancels lockdown, imposes curfew - The Nation Nigeria
Rivers State Government has cancelled its former decision to resume lockdown of the capital city, comprising Obio/Akpor and Port Harcourt ...
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
Immigration recruitment: Ex-minister, fugitive businessman know fate tomorrow
Justice Nnamdi Dimgba of the Federal High Court, Abuja will decide on Thursday whether Patrick Abba Moro, Drexel Global Tech Limited ...
Leaders at UBA Africa Day seek economic recovery
Global leaders have emphasised the need for strong collaborations between governments and the private sector to achieve quick recovery for African....
Pay us compensation before demolishing our property, landlords tell Akeredolu
Owners of over 30 buildings marked for demolition in parts of Akure, the Ondo state capital have called on Governor Oluwarotimi Akeredolu...
FG to ammend National Endowment for the Arts Act
The Federal Government is to ammend the Act establishing the National Endowment for the Arts, to better meet the demands of the creative..
Oyo group backs govt to take N22.5b loan - The Nation Nigeria
An Oyo State-based socio-political organisation, Oyo Kajola Group (OKG), has described the approval of N22.5 billion loan by the House of Assembly ...
I've not stepped down as AfDB president, says Adesina
African Development Bank (AfDB) President Dr. Akinwumi Adesina has denied stepping down from office.Adesina, in a statement, said “the bank’s...
APC group: we’ve not withdrawn case against Adetimehin-led exco
The acting factional Chairman of the All Progressives Congress (APC) in Ondo State, Mr. Olu Olatuja, has said the faction has not withdrawn the....
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
NCC suspends Spectrum Trading guidelines - The Nation Nigeria
The Nigerian Communications Commission (NCC) Wednesday suspended the Spectrum Trading Guidelines (2018) for the nation's telecommunications industry.
I'm innocent of allegations against me, says AfDB Chief Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina has denied allegations of “breaches of the Code of Conduct of Elected...
BREAKING: FG suspends evacuation of stranded Nigerians
The Federal Government has suspended further evacuation of stranded Nigerians overseas.The development, according to Foreign Affairs Minister...
Kano workers threaten seven days warning strike over salary deduction
Kolade Adeyemi, Kano The Nigeria Labour Congress (NLC) has threatened to embark on seven days warning strike in Kano over the State...
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
South Africa marks milestone for emergency power procurement
DMRE has confirmed that South Africa's energy regulator is in agreement with a Ministerial determination for the procurement of 2,000MW of emergency power.
Africa: Building resilient economies through regional integration
The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
Singrobo hydropower project to deliver electricity under a 35-year PPA
Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.
Zimbabwe Buys US$5 Face Masks For US$28 In Shocking Covid-19 Scandal
A shocking corruption scandal has been unearthed in which the government of Zimbabwe bought Covid-19 equipment at hugely inflated costs from a private
This is why The Zimbabwe Dollar remains our best foot forward
ZW$ remains our best foot forward-At the rate at the Zimbabwe dollar is losing its intrinsic value, it may just be a matter of time
Nepal defers amendment on updating its map
The delay indicates a rethink on the disputed sites and proof that back-channels are in operation
China expands scope of Hong Kong security legislation
The law has revived mass protests by demonstrators who say China aims to curb the freedoms enjoyed in Hong Kong, a global financial centre with broad autonomy.
Scale-up battle preparedness, Xi tells Chinese military
Xi's comments came in the backdrop of the continuing standoff between the militaries of India and China at the Line of Actual Control (LAC).
CID to re-examine 2018 abetment to suicide case against Arnab: Deshmukh
“Adnya Naik had complained to me that #AlibaugPolice had not investigated non-payment of dues from #ArnabGoswami's @republic which drove her entrepreneur father & grandmom to suicide in May 2018," he tweeted.
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
Mamata slams Railways, its ‘politics’ of sending Shramik trains without informing state govt
West Bengal CM Mamata Banerjee alleged that the Railways on its own was sending 36 Shramik trains from Maharashtra, and her government had not been informed about it.
Stranded overseas, Chinese vent anger on aviation regulator
The Civil Aviation Administration of China (CAAC) has been flooded with tens of thousands of social media comments criticising it and the Chinese government for the small number of flight options to bring home the people stranded overseas.
‘Enough local labour available in Punjab for paddy sowing’
"Some migrant labourers are available in Punjab, while we have plans to use direct seeding system and mechanised paddy transplantation as well."
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Inadequacies, lapses: SC seeks answers from Centre and states on migrants
The judges said “adequate transport arrangement, food and shelters are immediately to be provided by the Centre and State Governments free of cost”.
MLA urges proper planning before demolition of flyovers
The state government on Tuesday gave in-principle approval for the demolition of the two flyovers to make way for a double decker bridge by the Pune Metropolitan Region Development Authority (PMRDA).
Donald Trump to announce strong Hong Kong response this week
China's parliament is expected to approve a proposed security law that would reduce Hong Kong's separate legal status on Thursday.
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Why is migrant exodus giving Punjab industry the jitters?
According to rough industry estimates, 80 per cent of Punjab's industry is dependent on migrant workforce. This trend of employing workers, mainly from UP and Bihar, started in way back 70s
Punjab decides to hike MBBS fee in govt, private colleges
With the massive surge in the price index in the years thereafter, these colleges are facing fiscal problems and are unable to meet the norms of Medical Council of India, thus necessitating a fee hike
IndiGo flier tests positive after landing in Coimbatore
"No one else was seated in his vicinity, significantly reducing the possibility of transmission... The operating crew has been home quarantined for 14 days and we are in the process of notifying other passengers as per the government guidelines," the airline said.
Kerala to open registration for expats who want to fly back
Varadarjan said the registration would help the government to assess the numbers and identify those who want to go back abroad
Explained: In uncertain times, how search for ‘normal year’ leads to data vacuum
Among Covid-19’s casualties are the postponing of Census operations and undertaking of key official primary surveys necessary for a better understanding of the economy
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Govt asks CID to re-probe suicide abetment case against Arnab Goswami
The Alibaug police had closed the case last year stating that enough evidence was not found against Arnab Goswami, Editor-in-Chief of The Republic, and two others to chargesheet them in the case.
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
Angry farmers force rethink: Khattar govt softens paddy diversification order
The change in government stand came on the day CM Manohar Lal Khattar met farmers in Kurukshetra to take their feedback on the issue.
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.
Migrants issue: Randeep Surjewala moves Supreme Court, seeks permission to intervene
Surjewala said he wants to apprise the top court of "certain pertinent measures" that may be considered by the Centre in order to alleviate the plight of migrant labourers who are stranded or travelling long distances.
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Tamil Nadu registers 817 new Covid-19 cases, 139 came from other states
Chennai alone accounted for 66 per cent of the total cases on Wednesday, reporting 559 cases. Six people fell to the virus on Wednesday as the death toll went up to 133.
Industries grapple with reverse migration of workforce, disrupted supply lines
When the civic body allowed small and medium scale industries in Pimpri-Chinchwad to reopen after almost two months, many enterprises realised that much of their workforce, comprising migrant labourers, had already returned home with little or no plans of returning early.
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
Nizamuddin Markaz: SC asks PCI on action against ‘communalisation’ by media
In a separate matter, the top court also asked the Centre to respond to a plea seeking a probe into the circumstances leading to the holding of the Tablighi Jamaat convention in Nizamuddin in the national capital in March this year.
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
Centre asks states, UTs to negotiate with private labs, bring down test price
Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
Numbers continue to grow, 354 domestic flights operated till 5pm today: Aviation Minister
After two months of being grounded, India resumed its domestic flight services on Monday with 428 flights functioning on day one.
India lockdown diary, Day 64: Kerala village uses umbrella to combat covid; Techie on mission to find jobs for migrants, and more
Here’s a curated list of some interesting stories from across the country on Day 64 of lockdown.
‘Farmers are not opposing paddy diversification…political men have problems’: Haryana Agriculture and Farmers Welfare Minister JP Dalal
Earlier, they had questioned wheat procurement, while stating that it won’t be completed even in three months. But the procurement was very smooth, which has upset the Opposition, Haryana Agriculture and Farmers Welfare Minister JP Dalal said
Owners of land acquired for link road to New Chandigarh hold protest against administration
Over 50 farmers and their family members on Tuesday held a protest against the land acquisition policy of UT administration.
EU to unveil virus recovery plan amid split over way ahead
The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.
When you have to bluff, even three cannot accomplish the task: Devendra Fadnavis takes on govt
On Tuesday, Devendra Fadnavis had alleged that the state did not have the potential to encash Maharashtra's share under various direct and indirect financial Covid-19 welfare schemes – worth Rs 28,104 crore – which it had received from the Centre.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Experience with GST holds valuable lessons for One Nation One Ration Card
If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions.
Uttar Pradesh is setting an example, dealing with pandemic with efficiency, firmness
It will be fascinating to watch how UP fares in general, and Adityanath in particular, in the coming months and years. If the response to the COVID-19 crisis is any barometer, we are in for exciting times.
Vadodara civic body announces 10% property tax rebate to tide over crisis
Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.
NSAC announces COVID-19 testing protocol for combat sports events
The Nevada State Athletic Commission has revealed how it plans to handle coronavirus testing while allowing combat sports to resume in the state.
New survey says 82% of festival goers are comfortable returning to music events
More than 110,000 people were surveyed
GHADC staff file contempt notice in HC
SHILLONG: The Non-Gazette Employees’ Association of the Garo Hills Autonomous District Council (GHADC) on Tuesday filed a contempt case against the Chief Executive Member and the Secretary of the Council in the High Court of Meghalaya for non-payment
Meghalaya govt not to defer salary for May
SHILLONG: Meghalaya Government has decided not to impose any salary deferment for the month of May.Informing this on Wednesday, Chief minister, Conrad Sangma said that the government had earlier deferred the salaries due to very less devolution of ta
Return of 1 lakh people poses big quarantine challenge for N-E (16:50)
GUWAHATI/AIZAWL: After a huge surge in COVID-19 cases in the northeastern states, specially in Assam, caused by the return of around 1,00,000 people from other states, the region is facing a very big quarantine challenge.While the Assam government s
Assam Forest Minister visits Dehing Patkai, assures protection
GUWAHATI: The Assam government has categorically said that no harmful activity would be allowed to destroy the flora and fauna at Saleki proposed reserve forest, which is a part of the Dehing Patkai Elephant Reserve in Upper Assam.State environment a
Indian Army commanders’ meet kicks off amid Chinese aggression
NEW DELHI: Indian Army Commanders' Conference kicked off in New Delhi on Wednesday wherein discussion over China frontier in Sikkim, Ladakh and Arunachal Pradesh would be done at great length. The conference was planned much before the tension with
MLAs slam KHADC move to levy transit fee
SHILLONG: Four Congress MLAs - HM Shangpliang, PT Sawkmie, George Lyngdoh and Kimfa Marbaniang - have shot off a letter to the chief minister lamenting the decision of the Khasi Hills Autonomous District Council (KHADC) to levy a transit fee of Rs 45
NO RESPITE FROM COVID
The Covid-19 scenario is getting worse in India. With sharp rises in infection rate at 1.50 lakh and death toll of over 4,000 – what is clear is that the lockdown has had a limited impact while Mumbai, Gujarat and Delhi keeps the nation on edge. With
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Americas will be hardest hit by Covid-19 job losses, says ILO
GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Trump says evidence ties China lab to virus, threatens tariffs
WASHINGTON, May 27 — US President Donald Trump today threatened China with fresh tariffs as he stepped up his attacks on Beijing over the coronavirus crisis, saying he had seen evidence linking a Wuhan lab to the contagion. The diatribe from the Republican incumbent came as data showed the United...
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
Singaporean gets four months jail for Covid-19 Facebook post
SINGAPORE, May 27 — A taxi driver was jailed for four months in Singapore today over a Facebook post in which he falsely claimed food outlets would close and urged people to stock up due to impending Covid-19 restrictions, local media reported. Kenneth Lai Yong Hui, 40, deleted the message sent...
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
Facebook wallet for Libra digital coins renamed 'Novi'
SAN FRANCISCO, May 27 ― Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” yesterday. The rebranding replaces the original name of “Calibra” for the Facebook digital wallet which would work with the planned virtual currency. The Novi digital wallet set...
China expands scope of Hong Kong security legislation
HONG KONG, May 27 — Beijing has expanded the scope of draft national security legislation to include organisations as well as individuals, media reported today, a move that is likely to exacerbate concerns over freedoms in the financial hub. The news comes after Beijing last week proposed...
Canada court decision could end ‘Huawei Princess’ extradition saga
OTTAWA, May 27 — A Canadian judge will deliver a key decision today on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations. Four days of legal arguments in January focused on whether US charges against the “Huawei Princess” would...
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Ismail Sabri orders private business owners to strictly follow MOH’s guidelines in sanitising premises
KUALA LUMPUR, May 27 — Private business owners carrying out sanitisation efforts at their premises before resuming operations must strictly adhere to guidelines issued by the Health Ministry in terms of the disinfectant and chemicals used, Datuk Seri Ismail Sabri Yaakob said today. Ismail Sabri...
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
Total coronavirus cases in Gulf Arab states surpass 200,000, tally shows
DUBAI, May 28 — The number of coronavirus cases in the six Gulf Arab states doubled in less than a month to surpass 200,000 yesterday, according to a Reuters' tally, at a time the region's two biggest economies move to resume activity. Coronavirus infections in the energy producing region, which...
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
Queues and limited browsing in store for English shoppers
LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...
Apec senior officials discuss possible platform for info sharing on Covid-19
KUALA LUMPUR, May 27 — The Asia-Pacific Economic Cooperation (Apec) Senior Officials’ Meeting (SOM) today discussed on how to formulate a possible coordinated approach to collecting and sharing information on policies and measures regarding Covid-19 and its economic effects. In his welcoming...
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
New Finas chairman pledges to strengthen creative industry
KUALA LUMPUR, May 27 — The new chairman of the National Film Development Corporation Malaysia (Finas), Zakaria Abd Hamid, will meet stakeholders of the arts industry soon to discuss its direction and ways to strengthen development of the local creative industry. Zakaria said he is committed to...
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
Trump sounds warning over Hong Kong’s future
WASHINGTON, May 27 — US President Donald Trump yesterday warned that Hong Kong could lose its status as a global financial centre if a proposed Chinese crackdown goes ahead, and promised a “very interesting” US response within days. The Chinese legislation would ban secession, subversion,...
New York governor floats infrastructure projects to reboot economy
NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
US coronavirus deaths top 100,000 as country reopens
WASHINGTON, May 28 — The novel coronavirus has killed more than 100,000 people in the United States, according to a Reuters tally yesterday, even as the slowdown in deaths encouraged businesses to reopen and Americans to emerge from more than two months of lockdowns. About 1,400 Americans have...
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
PM takes Brexit decisions, Cummings does not give instructions, says UK negotiator
LONDON, May 27 — British Prime Minister Boris Johnson takes the main decisions on Brexit policy and his senior advisor Dominic Cummings does not give instructions on negotiations with the European Union, the UK’s chief negotiator David Frost said today. “The Brexit policy is set by the Prime...
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works
KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...
United Airlines reshuffles management as it prepares for uncertain recovery
NEW YORK, May 28 — United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees yesterday, as restrictions to keep the coronavirus from spreading are lifted. With...
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
In Spain, food aid queues grow as poverty outpaces 2008 crisis
MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
US DOJ closing insider trading probes into three senators, reports WSJ
WASHINGTON, May 27 — The US Department of Justice is closing probes into three US senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported yesterday, citing people familiar with the matter. The three senators include Republicans Kelly...
Georgia to reopen all shops, cafes, resume public transport before June 8 -PM
TBILISI, May 27— Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said today. Gakharia told the government that public transport, including the metro, would resume on May 29,...
Cuomo to press Trump on reviving US economy with roads, bridges in White House meeting
WASHINGTON, May 27 — New York Governor Andrew Cuomo will press President Donald Trump to invest in the nation’s roads, bridges and rails during a White House meeting today as US states begin to reopen after the coronavirus outbreak left the economy in tatters. Cuomo’s visit to Washington...
Covid-19: Malaysia has sufficient supply of food and necessities, says minister
SERIAN, May 27 — Malaysia has sufficient supply of basic food and necessities to last during the current Covid-19 pandemic period, said Minister of Domestic Trade and Consumer Affairs (KPDNHEP) Datuk Alexander Nanta Linggi. He said the KPDNHEP, together with the Ministry of Agriculture and Food...
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
Taiwan president pledges humanitarian relief for Hong Kongers
TAIPEI, May 27 — Taiwanese President Tsai Ing-wen today pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong. China’s proposed new security legislation for...
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Electric vehicle makers battle the COVID-19 pandemic
Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Backup to Microsoft Azure with Veeam Direct Restore
Direct Restore to Microsoft Azure is included in the Veeam Backup and Replication solution and allows companies in East Africa to restore Veeam backups directly on their Azure platform in just two steps.
Site Of 007’s World Record Barrel Roll Celebrates 50th Anniversary
Millbrook Proving Ground celebrates 50th anniversary
MediaWorks staff to hear details of proposed redundancies
The radio arm of MediaWorks is meeting with staff today about proposed redundancies. On Monday it announced 130 jobs in its sales and radio...
Bid to expand Canterbury coal mine meets stiff opposition
Hundreds of people are opposing a plan to expand a Canterbury coal mine. Bathurst Coal Ltd has applied to expand its opencast mine, known as...
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
Work to demolish fire-damaged hotel starts this week
A Canterbury hotel that was completely gutted by fire on Christmas Eve is set to be demolished to make way for a new pub. Kirwee Tavern licensee...
Work on new cell tower begins
Construction of a new non-notified Spark cellphone site has begun in rural Hawea to replace the existing cell site servicing the area. Spark...
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
Higher chance of warm winter
Otago and Southland farmers may be in for another warmer-than-average winter this year. Niwa National Climate Centre scientists are forecasting...
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
EU Proposes €750bn Coronavirus Bailout as Popularity of Bloc Weakens
The European Commission has proposed a massive €750bn coronavirus bailout package as many across Europe have begun to question the EU itself.
Disney World to Reopen in July, SeaWorld Orlando to Reopen in June
Walt Disney World is planning on a phased reopening for its four parks in July, while SeaWorld Orlando plans to open its parks in June.
Israel Rejects Chinese Bid to Build World's Largest Desalination Plant
Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...
Coons: CCP's Actions Against Hong Kong 'Demand a Response' - Sanctions 'Appropriate'
On Wednesday's "Hugh Hewitt Show," Sen. Chris Coons (D-DE) stated that the Chinese Communist Party's actions against Hong Kong will "demand a response | Clips
Big Hit Entertainment prepares to go public this year
Big Hit Entertainment's new headquartersBig Hit Entertainment is allegedly submitted a pre-initial public offering consultation to Korea Exchange on M…
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has kill...
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Promoter, alcohol vendor under investigation after large, illegal beach parties broken up on Oahu | Honolulu Star-Advertiser
The Honolulu Liquor Commission and law enforcement agencies are investigating two businesses that may have organized and profited from massive parties that violated COVID-19 emergency rules, liquor, and permitting laws, over Memorial Day weekend at Waimea Bay Beach Park and Kaena Point State Park.
Promoter, alcohol vendor under investigation after large, illegal beach parties broken up on Oahu | Honolulu Star-Advertiser
The Honolulu Liquor Commission and law enforcement agencies are investigating two businesses that may have organized and profited from massive parties that violated COVID-19 emergency rules and liquor and permitting laws over Memorial Day weekend at Waimea Bay Beach Park and Kaena Point State Park.
Editorial: Get money where it’s needed, ASAP | Honolulu Star-Advertiser
The Legislature is in another recess for the next few weeks, but it had better be a working recess. One in which the work is going to be pretty hard, because there are so many problems to solve, stemming from the COVID-19 pandemic and economic crisis.
Canadian judge rules Huawei CFO Meng Wanzhou’s fraud case will proceed | Honolulu Star-Advertiser
VANCOUVER, British Columbia >> A Canadian judge ruled today the U.S. extradition case against a senior Huawei executive can continue to the next stage, a decision that is expected to further harm relations between China and Canada.
Aarogya Setu app becomes open source to address privacy concerns
Aarogya Setu app becomes open source to address privacy concerns. 'Transparency, privacy and security have been the core design principle of Aarogya Setu. Opening the source code to developer community signifies Government of India continuing principal to these commitments'
'China must know Indians are no pushovers'
'China must know Indians are no pushovers'. 'We will not accept these misadventures by the Chinese.'
Youth support critical to battle COVID-19-related employment challenges
Researchers from The University of Western Australia's Centre for Social Impact say supporting young people is more important now than ever, highlighting the long-term impact on youth unemployment as ...
India wilts under heatwave as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Countryside Stewardship countdown
The application window for the 2021 Countryside Stewardship Scheme is open, giving farmers and land managers the chance to apply for grants to improve both the environment and their farming incomes.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
GALLERY: Bridgnorth photographer delves into archives to create bespoke town calendars across the region
A professional photographer from Bridgnorth has delved into his archives over the last decade to produce bespoke 2021 calendars of some of the region's most attractive towns.
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
Crafty Market Drayton veteran Clive raises more than £1,200 for NHS by making rainbow gifts
A blind veteran who has been making rainbow gifts at home to support the NHS has now raised more than £1,200.
Newsom: California gyms could get reopening road map soon
Newsom said the state is prepared to release guidance in the "very, very near future" as California continues to incrementally restart its economy.
Why Rivers went tough on errant hotels —Wike
Chukwudi Akasike and Sampson Itode, Port Harcourt Rivers State Governor, Nyesom Wike, has explained why the state shut down hotels in the state. Wike spoke on Tuesday when executive members of th...
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
Stop North-East troops from using phones, Rep tells DHQ
Leke Baiyewu, Abuja The Vice-Chairman of the House of Representatives Committee on National Security and Intelligence, Mr Ade Adeogun, has criticised troops who record their activities in the wa...
ECOWAS Court adjusts rules of procedure
The ECOWAS Court of Justice says it has updated its Practice Direction to enable the virtual conduct of Court sessions. The court also said it has updated the electronic filing of processes, acc...
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Tenants fear mass evictions as moratoria expire
Tenants are afraid mass evictions will take place in the coming weeks as eviction moratoria across the country begin to expire.
Maryland lifts more coronavirus restrictions, will allow outdoor dining
Maryland is set to lift additional statewide coronavirus restrictions, and restaurants will be allowed to begin outdoor dining this weekend, Gov. Larry Hogan (R) announced.
How lawmaker ties helped shape Fed chairman's COVID-19 response
Federal Reserve Chairman Jerome Powell's deep ties with lawmakers are paying off as the central bank deploys trillions of dollars in financial support for the economy with the blessing of Congress.
House leaders take vote-counting operations online
The coronavirus pandemic has forced House leadership in both parties to get creative in how they go about whipping votes as lawmakers largely work remotely during the crisis.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Pompeo says Hong Kong no longer qualifies as autonomous from China
Secretary of State Mike Pompeo on Wednesday said the U.S. no longer views Hong Kong as politically autonomous from China, a stark escalation in response to China’s plan to impose new security
Democratic unity starts to crack in coronavirus liability reform fight
A group of moderate Senate Democrats say they are open to considering liability protection for businesses in the next round of coronavirus relief legislation, a crack in Democratic unity that gives
Regional mining equipment, technology, service companies targeted with innovation accelerator program
"When those mines in Victoria expand, it means they can get in there getting those business opportunities."
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Coal India arm awaits Centre nod for mining project in Assam
PTI Guwahati Coal India arm North Eastern Coalfields (NEC) has said its mining operations in Tikak Open Cast Project (OCP), under Saleki Proposed Reserve
RIL expanded in every conceivable technology trend: report
IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging
2 out of 3 MSMEs are well-placed in lockdown
IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron
Domestic flight operations on their way to normalcy
PTI New Delhi A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday, Civil Aviation Minister Hardeep Singh Puri said on We
Panel’s mantra of ease of doing business
NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its
Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities
Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%
SpaceX Launch: How Has the World Changed Since the Atlantis Landed?
Today's SpaceX launch marks the first time the US has sent men into space in almost a decade. How has the world changed since?
Apple Is Reopening 100 Retail Stores in the United States
Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.
Samsung Money is Now Official, Brings a Debit Card Linked to Samsung Pay
Only last month we talked about how Samsung is planning on launching their own debit card and now it has happened. Samsung Money is now official; it is in partnership with SoFi, which is an online personal finance company based out of San Francisco. by partnering up with the company, Samsung Pay would see a …
Huawei CFO Faces an Uphill Battle Against Extradition to the U.S as a Canadian Court Delivers an Adverse Ruling
Huawei CFO sustains a blow as the Superior Court of British Columbia delivers an adverse verdict in the U.S. extradition case
Google expands tools to help businesses impacted by COVID-19
Google is rolling out a series of updates aimed at helping local businesses adapt to the COVID-19 pandemic while continuing to serve their customers across Google Maps and Search. Since the outbreak, Google has made it possible for businesses to communicate to customers things like their revised operating hours or temporary closures, among other things. […]
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
Good Works: Tencent and Universal Team Up on Charity PPE Distribution
In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs
Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.
DaBaby Nabs First Streaming Songs Leader With 'Rockstar'
It’s the first song since Roddy Ricch's 'The Box' to hit No. 1 after neither debuting there nor benefiting from a remix or the release of a new album.
Covid-19: Dis-Chem at Ballito mall shuts down after staff member tests positive
The Dis-Chem pharmacy at the Ballito Junction mall has been shut down after a member of staff tested positive for Covid-19.
Covid-19 wrap: Brazil reports higest death toll globally and automakers unite in crisis
Here are the latest developments in the coronavirus crisis.
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
DNS traffic and DDoS events rise during pandemic
New research from DNS intelligence specialist Farsight Security, focusing on over 300 leading websites, finds that between March and April there has been an increase in DDoS events involving popular brand names.
Administrators deny South African Airways set to start flying
JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Stock markets mixed as China-US tensions return to fore
Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.
Electric motorbike gives Zimbabwean rural women path out of poverty
WEDZA, Zimbabwe, (Reuters) – In the rural Zimbabwe district of Wedza, a new electric-powered motorcycle is helping bring income to poor women and easing the burden of looking after families.
She is the World’s highest paid woman CEO
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.
Harare man jailed for conning Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
TSL bosses acquitted again
Harare Regional Magistrate Mrs Sandra Mupindu has, for the second time, acquitted three Tobacco Sales Limited (TSL) bosses accused of selling a farm for US$600 000 after it had been gazetted by Government for acquisition under the land reform programme.
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there can be no interdict stopping it from doing so.
Swindling investor lands man behind bars
A Bindura man, who swindled a Singaporean investor Ramason Bupendra of mining machinery worth US$500 000, has been sentenced to an effective seven years in prison.
Tesla Cuts Prices of Electric Cars by up to 6 Percent in North America
It's Supercharger quick-charger is also no longer free for new Model S and X customers.
The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing
Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
Ralph Lauren speeds up online shift as store reopenings continue
Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Rowdy Chicago trading pits face risky reopen, extinction threat
Pete Kosanovich can’t wait to put his trading jacket back on and return to the noisy Chicago pit where he’s worked for 17 years. The burly former football player is known on the floor by the letters “MGLA” printed on his badge, a nickname referencing the 1960s cartoon “Magilla Gorilla.”
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Boeing workers cope with the virus threat as layoffs loom
Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
Hundreds of masked guests line up as Tulalip casinos reopen
Tulalip Resort Casino and Quil Ceda Creek opened the doors on Tuesday after a two-month closure.
Minister accepts Isle of Dogs housing development 'was unlawful'
Conservative party donor Richard Desmond avoided a £40m bill due to timing of the deal.
Coronavirus: 'Short-lived' rebound in house hunter demand
Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.
Boeing job cuts start to hit nearly 13,000 workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.
Coronavirus: Apprentice star's firm rebuked over Covid-19 ads
Watchdog said Revival Shots had suggested its rehydration sachets could help treat the disease.
ETFs pave the road for those seeking diversification
ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
Pat Rafter's former Sunshine Beach home sells for $17m
David Hales bought the oceanfront mansion from Pat Rafter for $15.2 million but was only able to resell after two years for $17 million.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Boral faces new class action over US windows strife
Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
How China’s tensions could be good for Hong Kong’s stock exchange
Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
No-touch new car buyers drive towards Let's Haggle
An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Federal Court picks up torch in Qantas' stand-down test case
The ruling on whether Qantas and Jetstar illegally stood down engineers during the COVID-19 pandemic could have widespread ramifications for companies around the nation.
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
Lew jnr to bolster his group with MyHouse acquisition
It could almost be time to head to the clearing house.
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Back-to-basics billionaire sounds money-printing warning
Legendary stock picker Kerr Neilson says big spending was entirely appropriate to fight COVID-19, but wonders if the world really wants to own more bonds.
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
The book you need if you want to understand China right now
As China-US relations deteriorate, a new book argues Washington and its allies should engage with Beijing instead of provoking it.
Morrison takes a tilt at history
The Prime Minister is riding a wave of goodwill as he attempts to cut across decades of rancour to reform industrial relations.
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
Japara flags major impairment,says conditions are tough
The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.
Regional pubs snapped up as industry prepares to reopen
The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.
Chicago to reopen trading floor with masks
New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
RBA governor expected to be more upbeat
Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.
Geopolitical time bomb ticks under market rally
Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.
Lowy family-backed fund pays $40m for Melbourne homemaker centre
The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.
$3b saved as NSW public service pay frozen
NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
Is this the death knell for bank branches?
Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
Discounts are widening the audience for private jets
The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.
The vicious fight over the human cost of lockdown
The unexpectedly low COVID-19 death toll has triggered bitter, and public, arguments among Australia's top university economists.
The reality behind the unions' claims of insecure work
There's one flaw in the concerns about the rise of insecure work. The percentage of casuals in the workforce has not changed in more than two decades.
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
Road map of post-pandemic Asia may look different
Leading observers on Asia are debating whether nations in the region will consider new approaches to diplomatic and economic engagement.
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
Construction at lowest level since 2010
While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.
IOOF embarks on pro bono advice offensive
IOOF's financial advisers will provide at least 50,000 hours of free guidance on the JobKeeper program and the superannuation early release scheme.
White House prepares response to China's Hong Kong crackdown
President Trump said the US was working on a strong response to China's planned national security legislation for Hong Kong and it would be announced before the end of the week.
Why quant legend says it's 26 days to a new normal
A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Pompeo says Hong Kong no longer warrants special US treatment
US Secretary of State Mike Pompeo says China has undermined Hong Kong's autonomy as the US considers ending favourable tariffs in a blow to its status as a financial hub.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
Work-from-home emergence prompts rethink on designs, project locations
Developers are redesigning their projects prompted by buyers' emerging needs as a result of working from home.
Why SMSFs shouldn't attempt to perform their own surgery
With volatility and financial advice costs both at historic highs, a fintech start-up has pioneered a new way for self-managed investors to find help.
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
'Move on': Johnson tries to bury fracas over adviser's lockdown breach
The British PM stands by Dominic Cummings, telling MPs that sorting out the pandemic is more important than 'party political points'.
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
13 YouTube channels to turn yourself from wagecuck to finance god
It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]
[BREAKING] COVID-19: Tesla Now Cuts Prices of Model Sedan Cars up to Lowest Price $37,000
Due to Coronavirus, a lot of businesses now offer discounts. And Elon Musk's Tesla might be one of them.
eCaravan by MagniX First Test Flight on Thursday, Here's What You Need To Know
The revolution of electric planes starts with this flight. A new way of flying utilizing using electric aircraft might be the future of aviation with zero-emissions.
ByteDance Hit $3 Billion in Net Profit Last Year
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
EU Aims to Back Struggling South With Fiscal Shock and Awe
The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
Are the Coronavirus Bailouts Working? What We Know So Far
If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
China Crackdown on Hong Kong Threatens Global Order, EU Says
China’s efforts to tighten its grip on Hong Kong pose a threat to the rules-based international order, the European Union’s top diplomat said, calling on member states to respond with a “robust” message.
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Twitter, Facebook Win Appeal in Anticonservative-Bias Suit
A federal appeals court rejected claims that tech giants Twitter Inc., Facebook Inc., Apple Inc. and Alphabet Inc.’s Google conspired to suppress conservative views online.
A Tech Billionaire May Find Use in a Cold War
Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.
Covid-19 Blows a $400 Billion Hole in Global Energy
Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.
Congress Should Give Returning Workers a Bonus
A one-time lump-sum payment would also help the overall economy.
How Small Businesses Can Soften the Blow of Bankruptcy
Some dos and don’ts for those teetering on the brink
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
Chevy And GMC Don't Want You To Miss This Incredible Truck Deal
Despite the economic slowdown resulting from the coronavirus pandemic, there is one bright spot: pickup tru...
Nissan's Future Is About To Be Decided
Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...
Dis-Chem at Ballito Junction shuts down after staff member tests positive
Close contacts of the affected person were immediately identified, placed in self-isolation and were being monitored, Dis-Chem said.
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
US revokes Hong Kong special status as furor grows on China law
The US law says that Hong Kong would lose the trading advantages, including lower tariffs, that it enjoys with the world's largest economy.
Big problems await small screen shootings
The State government recently gave permission to begin shoot for television serials with restrictions that included only 20 persons at the spot. Continue Reading →
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Train, bus services to resume soon in Tamilnadu
The Tamilnadu government, which is planning more relaxations to the lockdown restrictions, is planning to resume the operation of public transport- train and bus services. Continue Reading →
Rs 15,000 crore worth MoUs to be signed in TN today
Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Gas leak: SC allows LG Polymers to send 30 staffs to maintain safety at its sealed Vizag plant
New Delhi: The Supreme Court on Wednesday allowed LG Polymers India Ltd to send its 30 employees to maintain 'round the clock safety measures' at its sealed plant in Visakhapatnam where the gas leak...
Lagos BRT operators to roll out more buses – Transport Commissioner
Dr Frederic Oladeinde, Lagos State Commissioner for Transportation, says more Bus Rapid Transit (BRT) will soon be rolled out to address
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
Governments urged to designate air, sea personnel ‘key worker’
International Civil Aviation Organization, ICAO, joined the International Labour Organization (ILO) and the International Maritime
Salary deduction: Kano NLC gives Ganduje two weeks ultimatum or face strike action
The Kano State Chapter of the Nigeria Labour Congress, NLC has on Wednesday given a two weeks ultimatum to Governor Abdullahi Umar Ganduje
Adesina hits back over graft accusations, vows to continue working
The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption.
Uncovering the atrocious plot to tarnish mr Adesina’s legacy at Africa’s apex bank
The African Development Bank is currently gearing up for another leadership election.The current President, Adesina, is already dealing
LASG to deliver Agege flyover September, gives assurance on 4th Mainland Bridge
The Lagos State Government on Wednesday promised to deliver the Agege flyover bridge in September to tackle gridlock on the axis.
TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum
The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
NMA lays foundation for secretariat, as contractor assures on quick completion
Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja
US capital Washington eases coronavirus lockdown
The US capital is relaxing lockdown restrictions following a sustained period of decreased coronavirus infections, Washington's mayor said.
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
Right of Way: Why right to development now rests with governors
ITU once s aid that a 10 percent broadband penetration in Africa would result in an increase of 2.5 percent of GDP per capita.
FG grants ‘essential workers’ status to seafarers, dockworkers
AT the backdrop of the on-going curfew imposed by the government to curtail spread of coronavirus, the Federal Government, through the
Filing annual returns: LIRS extends deadline to June 30
Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic
NCC announces indefinite suspension of 2018 spectrum trading guidelines
By Emmanuel Elebeke The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The position was taken at a recent meeting of the Board of Commissioners of the Commission and urged all licensed telecommunications operators, prospective investors, industry stakeholders and the general public to take note. In aRead More
Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction
While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.
African Development Bank President, Adesina, Maintains Innocence Despite Calls For Probe
The United States Department of Treasury had called for an independent of the allegations against Adesina despite the AfDB clearing him of all wrongdoing.
COVID-19: West African Traders Losing 30 Per Cent Of Produce To Movement Restrictions
Although governments across the region have said food items are among a list of essential items that can move freely, a senior research fellow at the International Food Policy Research Institute, Antoine Bouet, said most of the trade in the country are done informally and in small quantities.
Bulgaria: Newly Employed Persons Higher than Registered Unemployed in May
For the first time since the beginning of the Covid-19 crisis in Bulgaria, the number of newly employed persons is higher than those newly registered at the employment offices. In the week of May 18-24, a total of 8,028 people found jobs, while the newly unemployed persons numbered 7,225, the National Statistical Institute reported.
Halfords to fully reopen to customers in Dundee – but don’t handle the products
Halfords in Dundee is preparing to reopen to customers after a successful trial of physical-distancing measures on its shop floors.
Dundee retailer fully opens to the public for the first time in two months with extensive social distancing measures
A limited number of customers, queue marshals, cleaning stations and warnings not to handle products.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
Xi Jinping tells Chinese military to prepare for war. Is it against India, US or Taiwan?
Chinese President Xi Jinping has asked the PLA to prepare for war without specifying who is the enemy. China is currently engaged in intense territorial dispute with India, Taiwan and also the US.
Two SpiceJet passengers test positive for Covid-19, crew quarantined
The operating crew has been quarantined and SpiceJet is coordinating with government agencies in notifying other passengers who had travelled with them.
Passenger on Delhi-Ludhiana Air India flight tests positive for coronavirus, 40 others quarantined
A passenger on a Delhi-Ludhiana Air India flight on Tuesday tested positive for coronavirus. Air India has said 36 passengers and 4 crew members have been quarantined in Punjab.
Exclusive: How China used deception to mobilise troops at border with India in Ladakh
India Today TV has exclusive details of how China used subterfuge to up its presence and stun the Indian side on the Indo-China border in Ladakh.
Railways want to be super spreader in Kerala: Minister Thomas Isaac slams Centre, asks ministry to stop ranting
Hitting out at the Centre, Kerala Finance Minister Thomas Isaac said the Railways wanted to be a super spreader in Kerala. He said a train came from Mumbai last week, but the state was informed only after train started.
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
US to take action against China over Hong Kong this week, says Trump
US President Donald Trump said that his administration is preparing action against China this week over its efforts to impose national security laws on Hong Kong.
Mumbai accounts for over 62% cases in Maharashtra: How can worst-hit Indian city stop spread of coronavirus
With 1,002 new cases on Tuesday, the number of those infected by coronavirus reached 32,791 in Mumbai. As numbers continue to rise, what is the plan to prevent the further spread of coronavirus, which has ravaged India’s financial capital? BMC Commissioner answers.
2 migrants found dead on Shramik Train from Mumbai to Varanasi
Two migrants were found dead when a Shramik train from Mumbai arrived in Varanasi on Wednesday. The exact cause of death has not been ascertained.
Coronavirus lockdown: Kerala to open liquor shops from tomorrow
The Kerala government has lauched the BevQ mobile app for virtual queue management of the liquor sale.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Nationalisation of Reserve Bank: What SA can learn from New Zealand
New Zealand’s handling of policymaking regarding its central bank holds lessons for SA when it comes to plans to nationalise Reserve Bank, writes Hlengani Mathebula.
Vic Education IT manager misused position, directed $14m to own company
Corruption watchdog finds.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
AUD/JPY: Bears getting set for potential major sell-off
AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters
Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autono
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
AUD/USD stretches recovery moves beyond 0.6600 despite US-China tussle
AUD/USD extends the late-US session recoveries while trading around 0.6620 at the start of Thursday’s Asian session. Although concerns surrounding the
AUD/USD risks to visit 0.6000 later this year – Rabobank
The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700
Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
EUR/USD: The safe-haven US dollar is gaining some ground
EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
USD/CNY hits highest since September 2019 as US threatens sanctions
China's Yuan is taking a hit on Wednesday amid the dragon nation's rising tensions with the US and India. The USD/CNH pair is trading at 7.1565 at pre
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
USD/CNH faces further upside pressure – UOB
FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data
NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the
USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region
The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above
EUR/USD put bias weakest in over two months, risk reversals show
One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha
NZD/USD pulls away from multi-week highs, looks to close near 0.6170
The NZD/USD pair rose to its highest level in 11 weeks at 0.6233 on Wednesday but lost its traction in the second half of the day. As of writing, the
Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus
Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo
Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
GBP/USD: At 1.38 by year-end in the best scenario – UBS
The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled
Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
AUD/USD reversal from 0.6680 finds support at 0.6565
Australian dollar’s reversal from 2, 1/2-month highs at 0.6680 has been contained at 0.6565 on Wednesday’s US trading session and the pair is trimmin
GBP/USD Price Analysis: Finds some support near 38.2% Fibo./descending channel confluence region
The GBP/USD pair stalled its overnight strong bullish momentum near the 50% Fibonacci level of the 1.2644-1.2076 recent downfall and witnessed a modes
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
NZD/USD: Basking in the wave of risk-on euphoria – ANZ
The kiwi basked in the euphoria of the S&P 500 breaking 3000 and broke the 0.6170 resistance. The NZD/USD will remain bid, but analysts at ANZ Bank ar
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Gold: On the verge of losing the $1700 level
Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re
Wall Street Close: Bulls holding the reigns still and defying gravity
US benchmarks impressed yet again on the bid as a classic case of fear of missing out could well be drawing the less committed, or late decision-makin
USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s
The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
USD/JPY does not rule out a move to 107.20 – UOB
According to FX Strategists at UOB Group, USD/JPY could slip back to the 107.20 region in the short-term horizon. Key Quotes 24-hour view: “USD traded
Coronavirus update: Germany virus reproduction rate drops further to 0.70
According to the latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cas
USD/JPY on the defensive around mid-107.00s, below 50-DMA
The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
GBP/USD bears seeking a close below 50-D EMA, Brexit talks loom
GBP/USD is currently trading at 1.2247 and lower on the day so far. The US dollar has picked up a safe-haven bid as geopolitics heats up. Cable has tr
Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition
Following a Canadian court ruling that the case of senior Huawei executive Meng Wanzhou, who is fighting extradition to the United States, can go forw
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
EUR/CHF Price Analysis: Euro limited below trendline resistance at 1.0700
EUR/CHF fails at 1.0700 and returns to 1.0650 area. The euro has been capped by downward trendline resistance from April 2019 highs. Euro rally from
AUD/USD plummets to session lows, further below 0.6600 mark
The AUD/USD pair extended its sharp intraday pullback from the highest level since mid-March and dropped to fresh session lows, below the 0.6600 mark
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
WTI stays below $34.50, prints mild losses in Asia
WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently
USTR office: Strongly disagrees with US Court of International Trade's decision...
Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio
EUR/USD range play continues ahead of Lagarde speech, EU summit
While EUR/USD registered gains on Tuesday, the ascent stopped just short of 1.10, keeping the multi-week trading range of 1.1019-1.0727 intact. At pre
EU’s Borrell: To weigh 'robust' message to China over Hong Kong issue
The European Union (EU) Foreign Affairs Minister Josep Borrell said that the Union is considering weighing 'robust' message to China over the Hong Kon
EUR/USD Price Analysis: Bulls await a sustained move beyond 200-day SMA
The EUR/USD pair rallied nearly 100 pips from an intraday low level of 1.0934 and jumped to the highest level since early April. Bulls, however, strug
China expands scope of Hong Kong security legislation – Reuters
Citing the stories from the Chinese media outlets, RTHK and the South China Morning Post (SCMP) on Wednesday, Reuters reports that Beijing has widened
GBP/USD: Supported but with no room to rise – OCBC
The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut b
Prospects for global economic recovery look bleak – Reuters poll
The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a
AUD/USD: Potentially higher with resistance at 0.6659 – OCBC
The broad USD took a serious hit, as investors continue to impute positivity on the back equities and shake off any negative developments in the Sino/
UK's Frost: EU has a lot on its plate right now
The European Union has a lot on its plate right now and it's important they keep enough focus on Brexit negotiations and do not relegate them, the UK'
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling
In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli
GBP/USD: Potential move to 1.2400 on the cards – UOB
Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda
NZD/USD trades at fresh multi-month highs above 0.6200
The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan
Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G
Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205
Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.
USD/JPY: Gaining bullish strength
The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analy
WTI strength fizzles around $34.00, API data eyed
WTI retraces from the highest since March 11 while taking rounds to $33.90 during the initial Asian session on Wednesday. While optimism surrounding a
USD/JPY stays firm above 107.50 amid risk reset
USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from
Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension
Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti
NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150
NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A
USD/BRL: 6.00 is a realistic upper barrier – Credit Suisse
Analysts at Credit Suisse think the more forceful FX intervention language and improved external sentiment warrant a range approach to USD/BRL, target
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high
The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows
The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit
USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H
USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
Gold Futures: Downside seen shallow
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminar
GBP/JPY Price Analysis: The pound fails at 133.00 again
Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has
EUR/USD remans under pressure around the 1.0960 area
The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
US Diplomat Stilwell: Appears Beijing is using coronavirus to accelerate political agenda, including on Hong Kong
Amid a slew of comments from the US and Chinese diplomats, David Stilwell, top US policymakers for East Asia recently conveyed his view for the Asian
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
GBP/USD: Sterling has room to rise on Brexit hopes
Brexit hopes, the scandal around Dominic Cummings, and Sino-American relations are in the mix. Yohay Elam, an analyst at FXStreet, thinks the cable ha
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
GBP/USD: Off two-week top under 1.2400 amid US dollar pullback
GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
S&P 500: No supports of note broken – Credit Suisse
S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not
GBP/USD: Focus on the strong resistance at 1.2360
GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
WTI attempts a bounce above $34 mark ahead of API data
WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the
China is trying its best to protect Hong Kong from instability – The Global Times
The war of words and Chinese propaganda is heating up between the US and China. The Global Times reports that the US has "hidden key information and f
Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response
The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
Flooding, locust threats loom over Pakistan, says NDMA chief
“We will try our best to utilise all the resources available in the country to tackle these threats."
Saudi Arabia to end virus curfew next month
But the kingdom is yet to make any announcement about Haj.
More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery
Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. […]
Austria’s efforts to accelerate its clean energy transition
Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]
Predicting the course of US-China relations in the post Covid-19 era
Authors: Ayush Banerjee and Dhritiman Banerjee* The coronavirus pandemic is a natural threat to the geopolitical order. And it is needless to state that this majorly affects the currently international paradigm in a manner that the world has not seen before. Although there have been a few instances where pandemics have shaken the mortality rates, […]
French power couple lose money laundering appeal
A French political power couple lost their appeal Wednesday against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office.
Russia seizes 40 tonnes of embargoed European cheeses
Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said.
Taiwan leader vows 'action plan' for Hong Kong protesters
Taiwan's President Tsai Ing-wen on Wednesday pledged a humanitarian
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
Greek PM praises 'huge step' of European recovery bid
Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a
What’s the Allure of Hydroxychloroquine?
There’s a growing body of clinical evidence that hydroxychloroquine (alone or with an accompanying antibiotic) not only has no therapeutic...
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter...
Canadian court greenlights extradition proceedings against Huawei CEO’s daughter
A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.
Trump to mull 'targeted' response to China's encroachment on Hong Kong
President Trump could impose personal sanctions on Chinese communist officials as part of a range of responses to Beijing’s infringement on Hong Kong’s traditional legal rights, according to a senior State Department official.
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Trump’s silver lining — economic numbers could be surging by Election Day
There is one possible silver lining for President Trump in the dismal economic numbers that have followed the coronavirus lockdowns and jeopardized his reelection: There is nowhere to go but up.
15 flights arrive at Srinagar Airport in 2 days
As the passenger air traffic resumed on Monday two months after it was snapped following outbreak of covid19 in the country, fifteen flights with 1453
Interest on loans: SC issues notice to Centre, RBI
The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has
India wilts under heatwave as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly two decades.
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
PH airlines ready to resume flights under ‘new normal’
Philippine carriers are ready to resume passenger commercial flights under the “new normal” as the Air Carriers Association of the Philippines renewed their call for government support.
German chemical firms see 'significant' blows ahead from virus
Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.
Lockdown worth it, say four Duterte men
"Strict lockdown measures have succeeded in flattening the increase of COVID-19 cases." Four cabinet members, Presidential Legal Counsel Sal Panelo, Finance Secretary Carlos Dominguez, Trade and Industry Secretary Ramon Lopez, and Labor Secretary Silvestro Bello, reacted to my May 13 column, “Now, it’s modified,” in which I said “the strictest lockdown in Asia has produced the worst wrong results.”
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
Cancellations continue, blame it on low passenger load factor
Officials said the Indira Gandhi International Airport in Delhi handled around 277 flights on Tuesday, 100 short of its estimated figure.
Locusts swarm UP and Maharashtra, high alert in Punjab; Government to deploy drones
About 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now, the agriculture ministry said.
US ready to mediate in Indo-Chinese border dispute: Donald Trump
Trump's announcement comes at a time when India has accused the Chinese military of hindering normal patrolling by its troops along the LAC in Ladakh and Sikkim.
Covid-19 package — World and India
Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.
Viral photos of Uttarakhand forest fire on social media 'mostly fake': Govt
After the fake picture went viral, Uttarakhand Chief Minister took to Twitter to say that impact of the wildfires is not the same as propagated
Money laundering case: DHFL promoters Wadhawans sent to jail
Kapoor is currently in the ED's custody. The Wadhawans are also being probed by the CBI in connection withthe same case.
Chinese state TV could face fine in UK for biased HK coverage
CTGN in hot water for only showing pro-China viewpoint
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
What John Lewis has said about Bristol store as some branches set to reopen
There will be a number of strict social distancing measures in place
Quarter-of-a-mile queue forms at tip on first day of reopening
Keynsham Recycling Centre opened today at 8am
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday
India braces for worst locust attack in three decades: Authorities procure drones, pesticides but financial damage from crop loss to be huge
Already overwhelmed by the coronavirus pandemic, farmers in north India are now worrying over the kharif crop even as a new wave of locust attacks, predicted to be the worst in almost three decades, is expected by June
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
EU reactions to Commission 750 bln euro coronavirus recovery scheme
BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan
Xi Jinping orders Chinese military to 'scale-up' battle preparedness, prepare for worst-scare scenarios as tensions build along India-China LAC
Chinese President Xi Jinping on Tuesday ordered the military to scale up the battle preparedness, visualising the worst-case scenarios, and asked them to resolutely defend the country's sovereignty.
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
Russia postpones July BRICS summit due to coronavirus
MOSCOW (Reuters) - Russia said on Wednesday it has decided to postpone the summit of the BRICS nations, initially scheduled to be held in St.
COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue
McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
US ready and willing to mediate in 'raging border dispute' between India and China, says Donald Trump
Several areas along the LAC in Ladakh and North Sikkim have witnessed major military build-up by both the Indian and Chinese armies recently
"Move on" says British PM, as row over adviser Cummings persists
By William James and Elizabeth Piper LONDON (Reuters) - Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
Google faces antitrust case in India to unfairly promote its mobile payments app in country
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Maharashtra government asks CID to re-investigate abetment of suicide case against Republic TV's Arnab Goswami
The Maharashtra government on Tuesday ordered reinvestigation by the CID into the suicide of a 53-year-old interior designer and his mother, allegedly over non-payment of dues by TV journalist Arnab Goswami and two others.
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now:President fact-checkedTwitter on Tuesday for the first time prompted readers to check the facts in U.
Panama to relax coronavirus measures in 2nd stage of re-opening
PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
UP’s Industrial Units Seek To Employ 5 Lakh Returnee Migrant Workers From Yogi Govt’s Skill Mapping Data Bank
An official spokesperson said that the Yogi govt was determined to ensure employment for all migrant workers.
Swarms Of Locusts Unleash Havoc In Rajasthan, Uttar Pradesh, Madhya Pradesh And Other States
This year’s locust attack has been termed the worst in two decades, with Rajasthan having suffered the harshest blow.
As China Seeks Support On Hong Kong, India Has The Opportunity To Revive Relations On New Terms
Any serious observer of India-China relations would first point out the lack of reciprocity in it.
India’s Famed Doklam Team Which Stood Up To China In 2017 Now Leading Nation’s Charge In Ladakh Standoff
The famed Doklam Team which stood up to China during the 2017 Doklam standoff between the two countries is again back in action amid the latest border standoff between the two countries in Ladakh, Hindustan Times has reported.
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
CISF Personnel Deployed At Delhi Airport, DMRC Test Positive For Covid-19 In Last 24 Hours
A total of 22 new coronavirus cases were reported among CISF personnel in the last 24 hours, taking total such cases in the central force across the country to 95.
Passengers On Multiple Domestic Flights Test Positive For Coronavirus After Operations Resume
Passengers of a Delhi-Ludhiana flight have been quarantined after a 50-year-old Alliance Air employee has tested positive for coronavirus.
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Received 1,337 Trains Carrying Migrants From Various States: UP Government
Gorakhpur has become the first district in the country to receive more than 200 trains, by which over 2 lakh migrant workers have returned, amid the ongoing COVID-19 induced lockdown.
Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned
Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
Over 3,500 Special Trains Originated Till Now: Railways
The Ministry of Railways on Wednesday informed that over 3,500 Shramik special trains have been originated till now by Indian Railways carrying more than 48 lakh passengers to various destinations.
Thunderstorm With 96 kmph Winds Rips Through Amphan-Ravaged Kolkata
Like a sequel of a horror film, Cyclone Amphan 2.0 hurtled through Kolkata on Wednesday evening, uprooting trees, squashing cars, and even threatening to pull down an old building or two.
Live Coronavirus Updates: Fatality Rate Reduced To 2.87%, Lowest In World, Says Health Ministry
The Health Ministry said the COVID-19 fatality rate in India is 2.87 per cent, the lowest among countries badly hit by the pandemic.
US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant
Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
Top Court Junks Plea Against Middle-Seat Occupancy In Air India Flights
The Supreme Court on Wednesday refused to entertain a pilot's plea seeking modification of its order which allowed Air India to fill the middle seats while operating its non-scheduled flights to bring back Indians stranded abroad up to June 6.
Blowout At Oil India Well In Assam, Villagers Shifted To Safety
Residents near an oil well of Oil India Limited in Assam's Tinsukia district had to be evacuated after a "blowout" on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems failed.
Ministry Issues Advisory For Re-Use Of Goggles During COVID-19 Fight
The Union Health and Family Welfare Ministry on Wednesday issued an advisory for re-processing and re-using of eye-protection goggles used by healthcare workers during COVID-19 fight.
Google Pay Faces Case In India Over Unfair Promotion Of App : Report
The complaint says Google more prominently showcases its payment app inside Android app store in India
US Ends Sanction Waivers For Nations In Iran Nuclear Deal
The United States on Wednesday ended waivers in its sanctions for nations that remain in the Iran nuclear accord, bringing the deal further to the brink of collapse.
20 Lawyers Claim "Apparent Indifference" By Supreme Court To Migrant Crisis
A day before the Supreme Court took suo motu cognisance of the "unfortunate and miserable" plight of migrant labourers, twenty prominent lawyers from Delhi and Mumbai had written a critical letter to Chief Justice of India (CJI) SA Bobde and other judges saying the top court's "apparent indifference" to the humanitarian crisis.
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
Target is selling outdoor waterbeds with built-in sprinklers, and they're perfect for people who don't have a pool, Business Insider - Business Insider Singapore
Business Insider - The outdoor water beds are rainbow-colored, and retail for $30. They can be purchased both online through Target's website and in stores.. Read more at businessinsider.sg
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades, Business Insider - Business Insider Singapore
Business Insider - From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.. Read more at businessinsider.sg
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore
Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic, Business Insider - Business Insider Singapore
Business Insider - The Tesla Model X SUV and Model S sedan are $5,000 cheaper, while the Model 3 got a $2,000 cut. The move comes as COVID-19 tanks overall car sales.. Read more at businessinsider.sg
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors, Business Insider - Business Insider Singapore
Business Insider - India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.. Read more at businessinsider.sg
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death., Business Insider - Business Insider Singapore
Business Insider - The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.. Read more at businessinsider.sg
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore
Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal', Business Insider - Business Insider Singapore
Business Insider - As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.. Read more at businessinsider.sg
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore
Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Coffee quality likely to drop as farmers struggle to offload unsold harvest
Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …
AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …
Bill to regulate mobile money transactions gets committee nod
Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …
Date announced for Nottingham branch of John Lewis to reopen - and what customers can expect
Numerous safety measures will be in place
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
SEZAD keeps project deadlines while ensuring COVID-19 safety
While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
India faces its worst locust swarm in nearly 30 years
With about 50,000 hectares of cropland destroyed by locusts, India is facing its worst food shortages since 1993
New York Stock Exchange partially reopens as US COVID-19 deaths near 100,000
The New York Stock Exchange (NYSE) partially reopened its iconic trading floor on Tuesday after a two-month closure due to the COVID-19 pandemic.
France unveils $8.7 billion plan to rescue ailing car industry
The plan focuses on the production of environmentally-friendly vehicles
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
N.L. warns of exodus of oil and gas industry without more federal help
ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Locusts threaten cotton crop in the North
CAI writes to Centre seeking quick control measures
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
Two-thirds of businessmen say cyber crime could occur more during Covid-19 than before: Survey
The CrowdStrike Work Security Index has said that there was a 100x increase in Covid-19 themed malicious files between February and March.A total of 4,048 senior decision-makers in India, Australia, F
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
Industrial land ready in Maharashtra for business operations: Subash Desai
The Maharashtra government has kept ready 40,000 acres of industrial land along with all amenities, including road connectivity, for companies to come in and start their business operations, State In
How about giving the middle class a break?
They are the heart of India’s consumption engine but seldom get a policy look-in
Google will begin reopening its offices starting July 6 with limited capacity
Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg
A survival-of-the-fittest approach towards MSMEs
The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
RIL launches WhatsApp chatbot to answer rights issue queries
Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Cotton trade body writes to Centre seeking early measures to control locust menace
The locust attack in parts of India is feared to pose a threat on the kharif cotton crop in the key growing States. The Cotton Association of India (CAI) has appealed to the Centre for taking immediat
Home collection offers salve as Covid poses testing times for diagnostics companies
It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q
Power of Attorney given to stock brokers: What’s changing from June 1, 2020?
In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o
Contributions to PM CARES Fund will be considered as CSR: Centre
The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Trump is ‘displeased’ with China’s new security law for Hong Kong
US President Donald Trump is “displeased” with China’s new national security law for Hong Kong, the White House has said, amid rising tensions between Washington and Beijing in the wake of the coronav
Covid-19 highlights importance of agri storage
Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant
If plans fructify, NHPC will become world’s largest floating solar company
So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop
BMS to seek Opposition MPs’ help against Centre’s move on labour laws
Five key points including plight of migrant workers, unfair labour laws to be brought up
Arabian Sea to soon host twin low-pressure areas
Monsoon building in right earnest
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Chan Chun Sing thanks Singaporeans for complying with circuit breaker but warns against complacency
Chan Chun Sing thanks Singaporeans for complying with circuit breaker but warns against complacency
Singapore warns of worst economic contraction since independence
Singapore warns of worst economic contraction since independence
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Trump says evidence ties China lab to virus, threatens tariffs
Trump says evidence ties China lab to virus, threatens tariffs
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
NZF Foundation spent $130k on company run by Winston Peters' lawyer
Tens of thousands in donor's funds given to the New Zealand First Foundation were spent paying expenses, wages and bills for people closely associated with the New Zealand First leader Winston Peters.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
Farm Environment Plans Come Out On Top For Growers And The Environment
Farm Environment Plans have come out on top as the best way for vegetable and fruit growers to manage their environmental impact and at the same time, provide evidence to regulators.
Six Barrel Soda Expands Overseas Presence, Opens First Auckland Store
Six Barrel Soda Co. is growing its presence in Hong Kong and the United States, hot on the heels of expanding its export markets to include Canada just before the Covid-19 Lockdown.
Government ‘whitewash’ Hides Migration Crisis From Public
Immigration regulations newly-introduced by Government that applications from migrants trapped offshore with valid work visas need clearance through a Lead Agency (Government Dept responsible for a specific industry) are nothing but a political whitewash,” says Ms June Ranson, chair of the New Zealand Association of Migration and Investment (NZAMI).
Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention
The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited (Metlifecare) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme) to effect the acquisition of 100% of the ordinary shares in Metlifecare by Asia Pacific Village Group Limited (APVG).
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery
Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.
Ardern And Peters Both Untrustworthy On Level 1, Kiwis Paying The Price
“Neither the Prime Minister nor the Deputy Prime Minister can be trusted on the issue of Alert Level 1 and Kiwis are paying the price,” according to ACT Leader David Seymour.
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
Camp Glenorchy Eco Retreat Acknowledged With World’s First-Ever ILFI Certification Of Sustainability
Camp Glenorchy Eco Retreat Acknowledged With World’s First-Ever ILFI certification of Sustainability For Visitor Accommodations
MediaWorks Layoffs Call Into Question The Value Of Bailouts
The Taxpayers’ Union is urging the Government to urgently reassess its seemingly bottomless support for struggling media companies who take taxpayer money one day, and sack hundreds of staff the next.
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
BC Ferries losing up to $1.5 million each day as pandemic tanks ridership
The company does not qualify for the wage subsidy
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
US donates additional $44 million to Jamaica's COVID-19 response
The United States Government has committed an additional $44 million (U...
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
Oklahoma enacts anti-BDS legislation - US & Canada
Conference of Presidents welcomes Oklahoma's move to enact a measure to combat the anti-Israel BDS movement.
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
AfDB Allegations: Adesina insists on innocence, demands justice
The President of the African Development Bank (AfDB), Akinwumi Adesina, has maintained that he is innocent of all allegations of fraud leveled against him.
FG to inaugurate 200,000 capacity yam storage facility in Benue
The federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs)
EXCLUSIVE: AfDB 'whistleblower' allegations against me false -- Adesina
The president of the African Development Bank Group (AfDB), Akinwumi Adesina, told the bank's ethics committee that allegations of impropriety...
FG needs to call OGEFZA management to order –Free trade zones stakeholders
OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region
It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.
Alleged Fraud: EFCC lawyer's absence stalls Oyo-Ita's trial
The trial of the immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, was on Wednesday stalled due to the absence of the lawyer
COVID-19: Kaduna govt extends restrictions by two weeks
It added that according to the COVID-19 review report, "many of the cases recorded in Kaduna State have either been from persons with a history of
In 2019, Lagos, Rivers, FCT, Ogun earned more than other 33 states combined — NBS
The quartet of Lagos, Rivers, the FCT and Delta states had a combined internally generated revenue more than all other 34 states of the federation...
Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear
The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.
Management One Taps Michael Alic for President Role
Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
Fashion Girls for Humanity Founders Explore Future of Fashion
The Fashion Girls for Humanity panel at Columbia University covered how the coronavirus crisis is changing how business is done.
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Lashify Brings Alleged Knockoff Manufacturer to Court in China
The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.
Victoria’s Secret Files Suit to Get Out of Manhattan Lease
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
France unveils stimulus plan worth €8 billion for car industry
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.
Lufthansa says 'unable to approve' coronavirus rescue over EU conditions
Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.
Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus
We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.
Flat owners hit the roof after problems at Ayr factoring firm leaves some residents out of pocket
The row has left one development claiming it is owed more than £20,000 in advance payments already made.
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
Contest: Win a Steam copy of hellish twin stick shooter I, Dracula: Genesis
In today's contest you can win a Steam Early Access copy of roguelike twin stick shooter I, Dracula: Genesis! Ever since the days of Gauntlet, I've always enjoyed what has now become the twin stick shooter. It can be chaotic and difficult a...
Days after refusing to intervene, Supreme Court finally takes suo motu cognisance of human tragedy of migrant workers
Days after refusing to intervene, the Supreme Court has finally decided to take notice of the plight of migrant workers, who've been forced to go through unspeakable miseries due to an unplanned lockdown announced by the Indian government.
Harare man jailed for conning a Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.Fradreck Utsiwegota appeared ...
EcoCash court bid hits brickwall
The High Court has dismissed Econet Zimbabwe's mobile money platform, EcoCash's application which sought to interdict the Reserve Bank of Zimbabwe (RBZ) from su...
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officia...
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
More people are heading into shopping centres as coronavirus restrictions ease in Australia.
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
Watchdog Questions Govt’s Anti-Corruption Policy at Customs
Integrity Watch Afghanistan (IWA) on Wednesday strongly criticized the Afghan government’s anti-corruption policy, saying actions promised by the Afghan government to curb corruption have b
285 killed by floods since April - CS Wamalwa
So far, 285 people have lost their lives and 810,655 others affected by floods, mudslides and landslides occasioned by heavy rains in most regions.
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
French political power couple lose appeal against money-laundering conviction
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall fr…
US death toll from Covid-19 passes 100,000 as Americans emerge from lockdown
The novel coronavirus has killed more than 100,000 people in the United States, according to a Reuters tally on Wednesday, even as the slowdown in deaths encouraged businesses to reopen and Americans…
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests ...
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Mexico's auto industry restart gathers steam, Ford still waiting
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Climate-friendly almond farmers coax life from drying Spanish soil
In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques ...
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
WHO chief announces creation of foundation to tap new funding sources
GENEVA: World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday (May 27) the creation of a foundation that ...
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Trump says will announce reaction on Hong Kong tensions within days
WASHINGTON, DC: President Donald Trump said on Tuesday (May 26) he will give a "very interesting" response within days to China's threat to ...
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
France unveils US$8.8b plan to revive auto sector through electric cars
ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...
China's Chery Auto plans to sell cars in EU, United States: chairman
China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...
Huawei CFO Meng loses key court argument in fight against extradition to United States
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
India wilts under heatwave as temperature hits 50 degrees Celsius
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring ...
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
Apple to reopen about 100 stores in US, most with curbside pickup
CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...
Thai parliament urged to pass record US$60 billion coronavirus stimulus bill
Thailand's premier on Wednesday urged parliament to approve the kingdom's biggest-ever stimulus package to revive an economy battered by ...
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Administrators deny South African Airways set to start flying
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...
Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
Commentary: China's tensions could boost Hong Kong's stock exchange
HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.
Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission
Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Amazon in advanced talks to buy self-driving startup Zoox - WSJ
Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
COVID-19: New app launched to help monitor and report migrant workers’ health status
SINGAPORE: A new mobile app to monitor and report COVID-19 symptoms is among the new resources announced by the Ministry of Manpower (MOM) on ...
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
Exclusive: Google faces antitrust case in India over payments app - sources
India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile ...
Hyundai Motor Group to get electric vehicle batteries from LG Chem
Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its ...
All three Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
UK tells EU: Break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
California eases coronavirus restrictions
SACRAMENTO: California, the most populous US state, took another step on Tuesday (May 26) toward ending sweeping lockdowns imposed to contain the ...
Turkish Airlines may delay delivery of Airbus, Boeing planes: Report
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing ...
Trump to sign executive order on social media on Thursday: White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened ...
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Trump sounds warning over Hong Kong's future
WASHINGTON: US President Donald Trump on Tuesday (May 26) warned that Hong Kong could lose its status as a global financial centre if ...
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
Cabby jailed for posting fake COVID-19 'intel' on food outlet closures, urging panic buying
SINGAPORE: A taxi driver was jailed four months on Wednesday (May 27) for posting a fake message on Facebook about supposed food outlet closures ...
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19
NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid ...
Germany extends COVID-19 distancing rules to end of June
Germany has extended social distancing rules aimed at containing the spread of the coronavirus epidemic to June 29, Chancellor Angela Merkel's ...
India backs hydroxychloroquine for coronavirus prevention
NEW DELHI: India's top biomedical research body on Tuesday (May 26) backed the use of the anti-malarial hydroxychloroquine as a preventive against ...
H&M set to cancel furloughs for 2,500 at Stockholm headquarters
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...
Instagram adds ways for online video stars to earn money
Facebook Inc's Instagram app on Wednesday rolled out new tools enabling people to make money off the videos they post, as it competes for creative ...
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
Trump sounds warning over Hong Kong's future
WASHINGTON, DC: US President Donald Trump on Tuesday (May 26) warned that Hong Kong could lose its status as a global financial centre if a ...
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Trump to sign executive order on social media on Thursday - White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened ...
China expands scope of Hong Kong security legislation: Reports
HONG KONG: Beijing has expanded the scope of draft national security legislation to include organisations as well as individuals, Hong Kong media ...
US used car dealer charged with inflating price of N95 face masks
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
Tesla cuts prices by as much as 6per cent in North America to boost demand
BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the ...
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain
Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Trump says he will announce 'very interesting' reaction on Hong Kong tensions
WASHINGTON: President Donald Trump said on Tuesday (May 26) he will give a "very interesting" response within days to China's threat to tighten ...
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
Explainer: Hong Kong's China national anthem Bill aims to legislate 'respect'
Hong Kong's legislature is moving forward on a controversial bill that would criminalise abuse of China's national anthem.
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Boeing set to announce significant US job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Mexico's auto industry restart gathers steam as lockdown eases
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
India makes source code of contact-tracing app public
India said on Tuesday it was making public the source code of its coronavirus contact-tracing app Aarogya Setu for Google's Android smartphones, ...
Twitter fact-checks Trump tweet for the first time
Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by U.S. President Donald Trump, warning that his claims ...
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
Android devices on older firmware exposed to security vulnerability, warns SingCERT
SINGAPORE: Android devices running on operating system versions 9.0 and earlier - or about 90 per cent of users - may be exposed to a security ...
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...
Stranded overseas, Chinese vent anger on aviation regulator
Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China's ...
COVID-19: More than 7,000 workers matched to new jobs under NTUC’s Job Security Council
SINGAPORE: More than 7,000 workers who were either furloughed or retrenched due to the COVID-19 pandemic have taken up new roles with the help of ...
NASA set to resume human spaceflight from US soil with historic SpaceX launch
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Exclusive: Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
Exclusive: Research finds concerning drop in U.S. colorectal cancer screenings and surgeries
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
Pompeo says Hong Kong no longer warrants special pre-1997 treatment
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
Can Cannabis Cure COVID?
Market Overview Analysis by Matthew Weller covering: GW Pharmaceuticals PLC ADR, Canopy Growth Corp, ETFMG Alternative Harvest ETF, Aurora Cannabis Inc. Read Matthew Weller's latest article on Investi
United reshuffles management as it prepares for uncertain recovery
United reshuffles management as it prepares for uncertain recovery
Day Ahead: Top 3 Things to Watch for May 28
Day Ahead: Top 3 Things to Watch for May 28
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
Tech reboot in store for EU as plans recovery from crisis
Tech reboot in store for EU as plans recovery from crisis
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
'Mothership' office on horizon but don't write off London: Canary Wharf
'Mothership' office on horizon but don't write off London: Canary Wharf
Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Trump threatens social media shutdown over Twitter fact-check label
Trump threatens social media shutdown over Twitter fact-check label
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
Workday Shares Have Become A GARP Story - And A Good One At That
Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to
Sea Limited: Skeletons In The Closet
SE is inflating revenue. SE is selling goods for a negative gross margin. The maximum potential value is $59.8/share.
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
COVID-19's Final Act And Epilogue
COVID-19 is winding down. MLPs and MLP closed end funds are a bargain. The stock market has upside but there are many risks.
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Apple Looking For Growth Return
Analysts see green again in December 2020 quarter. October iPhone launch may change the narrative. Another trade war could pressure shares.
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
RealNetworks Could Have A Winner
The company's video codecs, Napster and other assorted businesses have lingered, not producing any profits. However, they have a growing gaming business that lo
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
Consumer Confidence Inches Higher
Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
Profitably Scaling Regional Cannabis (Podcast)
What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion
Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
AT&T: Do Not Let The Yield Fool You
While the dividend yield is tempting, be cautious and do not let it fool you. Huge debt load means shareholder returns are limited. I give T a true value of $40
BlackLine: A Software Company With A Strong Moat
BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months
Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript
Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J
Upwork: Must Grow Faster
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
Wall Street Breakfast: Blastoff!
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced
Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
It's A Bird, It's A Plane, It's Brookfield Property REIT
Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p
Mastercard: A Major Beneficiary Of The "New Normal"
Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio
Vertex Energy's Transformation Continues
Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re
Active Managers Continue To Flounder
Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
Broadwind Has Towering Potential And A Not So Towering Valuation
Broadwind's 1Q20 report was stronger than expected. In the wake of the quarterly call we spoke with the company to address a few additional questions we had. We
Why Technology Is Proving Surprisingly Defensive
In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
Harvest Health: Licking Its Wounds
Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections
No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter
Agenus 1181 Is A Potential Cancer Game Changer
Agenus AGEN1181 may work better than Yervoy. More data is expected Friday, May 29, at ASCO. iNKT cell therapy also looks promising.
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
Don't Get Ambushed By The FANG/FANMAG Factor
ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Only The Lonely Can Play
Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T
Dumpster Diving: (Kirkland's Edition)
On May 18, 2020, Kirkland's reported a business update. The big highlight was 96% e-commerce growth. Despite the costly two month forced shutdown due to COVID-1
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
Ferrari Isn't What It Was
RACE is facing unprecedented issues in its engines and F1 revenue streams. Margins have plateaued with downside catalysts aplenty, but no meaningful upside cata
Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript
Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
Kohl's Is In Trouble
KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
Go Long On SinoPharm Group's HKEX Ticker 1099:HK
There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc
Chico's FAS: Too Early To Invest In This Turnaround
Chico's FAS's financials have been in bad shape for several years. The company has several foundational problems that make its future survival challenging. A ne
Netflix: Behind The Account Culling
On May 21, 2020, Netflix announced they would be culling accounts dormant for over a year. The company indicated they didn't want people to pay for a service th
Elbit Systems Firing On All Cylinders
The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
How Microsoft's Azure Is Helping In The Fight Against COVID-19
Microsoft's cloud business, Azure, along with artificial intelligence is being used by companies and the CDC to battle COVID-19. Microsoft is likely to be a hig
Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul
Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
Intuitive Surgical: The Growth Leader In Surgical Robotics
Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In
I've Changed My Mind About Norwegian Air - The Future Is Brighter
Norwegian Air Shuttle was, effectively, bust, but it has managed to get the creditor takeover, the rights issue, and the government aid all through. It's thus a
Micron: Big Bets Are Being Placed
Institutional investors collectively bought about 3.5% (net buying) of Micron's total shares outstanding in the last 13F cycle. Moreover, 11 of Micron's 15 larg
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting of Shareholders (Transcript)
Exxon Mobil Corporation (NYSE:XOM) 2020 Annual Meeting of Shareholders May 27, 2020 10:30 AM ET Company Participants Stephen Littleton - Vice President of Inves
HEICO Beats Again, But Caution Is Warranted
HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
Iron Mountain: Strong Operating Results Despite COVID-19
Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
Is American Airlines Worth Saving?
The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U
SK Telecom: Still Waiting For Positive Change
SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.
Qantas wins Australia’s trust, but caution it might fall from grace
Qantas is the fairytale story emerging from early pandemic polling, leveraging its 'mercy flights' to catapult into Australia's third most trusted brand –
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
Explainer: What happens next in Huawei CFO’s U.S. extradition case
A Canadian judge will rule Wednesday on the extradition of Huawei
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery
A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.
Glanbia announces biodiversity payment to suppliers
Glanbia Ireland has announced a 0.20c/L payment to boost biodiversity on dairy farms.
This year ‘a write-off’ for Irish banks – Davy
This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Hammerson boss quits weeks after group loses €449m deal
The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Auto Trader to offer 25% discount as it starts trading from June 1
Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.
Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair
Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.
Florida revenues fall by nearly $900 million amid pandemic
The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
LG to launch 48-inch OLED TV in June | ZDNet
It is the company's smallest OLED TV to date.
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
Deliveroo faces another legal action over an alleged unfair dismissal of deliver rider | ZDNet
The Australian food delivery rider had worked with Deliveroo for three years before his contract was terminated.
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Google to gradually return to work as Apple reportedly plans to re-open more stores | ZDNet
'Googlers' will get $1,000 to make work from home life more accommodating.
Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet
According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.
Mercury hits 50 degrees in Rajasthan’s Churu, says India Meteorological Department
India Meteorological Department (IMD) said severe heatwave conditions will prevail in Rajasthan, Madhya Pradesh and Haryana today.
Punjab CM Captain Amarinder Singh to announce decision on lifting of extension of lockdown on May 30
Punjab had 2,106 COVID-19 cases, including 1,918 cured/discharged and 40 deaths.
Pompeo Declares Hong Kong No Longer Autonomous From China
It now falls to Trump to decide to end some, all or none of the economic privileges Hong Kong currently enjoys.
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Visa completes Request to Pay pilot trials
Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.
Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns
The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.
What is hazard pay, and why are Amazon and other companies ending it for essential workers?
The risk to workers hasn't changed, but employers no longer have the same labor market pressures to worry about.
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
The cuts come as the commercial airline industry has seen a historic fall in demand.
XpresSpa Pivots To Coronavirus Testing At New York’s John F. Kennedy Airport
The pilot concept paves the way for the company to enter the medical sphere and widen its reach within the health and wellness segment.
Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?
The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts
The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.
7 Ways Credit Cards Can Help Grow Your Business
A business credit card isn’t just something you need to help separate your personal and company expenditures. When used properly, credit cards are tools that can help you build your business and, more importantly, improve your bottom line.
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
The Match & Mismatch Of Amazon Buying Self-Driving Unicorn Zoox, As Is Rumored.
Reports surfaced, first in the Wall Street Journal of Amazon being in negotiations to buy Zoox, the self-driving unicorn.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position
COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens
The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Is It Time To Reconsider Judges' Role As Members Of The American Law Institute?
A shift in focus in its Restatements toward law reform and a decision to lobby state legislatures could imperil judges' involvement with the venerable ALI.
University Of Nevada, Las Vegas Business School Answers The Humanitarian Call
In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
Many Americans say the pandemic changed their spending habits for the better, but experts are skeptical it will last
As state and local economies begin to reopen, Americans will be putting their newfound spending habits to the test.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades
From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Xi Jinping urges China's army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city's freedoms
China is expected to pass controversial national security laws for Hong Kong on Thursday, prompting renewed protests in the city.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Zoox hinted it's had interest from multiple buyers.
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal'
As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.
The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
Boeing’s India operations to be largest outside US
India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component
Why is China pushing Hong Kong security law
China News: BEIJING : China is taking matters into its own hands after last year's tumultuous anti-government protests in Hong Kong that often descended into tear.
ICAI aims for transparency in Covid-era accounting
India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,
India firm, won’t step back from areas where Chinese troops have intruded
India News: India will remain firm on the ground in the ongoing troop confrontations in eastern Ladakh where it said China has violated the unresolved boundary an
Lockdown 4.0: After May 31, states to have own curbs lists
India News: After the end of Lockdown 4.0 on May 31, the Centre may leave it to the states and Union territories to decide on future restrictions, to be imposed i
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
In a first, drone used to clear locust swarms in Chomu
India News: In a first, the state agriculture department is using a drone to clear locusts in the state. The first batch of tailor-made drones given by the Union
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over
India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem
Your friend in distress could be an e-fraudster
India Business News: Although economic activity has come to a near standstill due to the lockdown, there is no let-up in online crime. Fraudsters have managed to steal fro
Vijay Mallya’s extradition delayed, speculation mounts over his application for asylum
India Business News: Vijay Mallya’s extradition has been delayed and it could be months before he is brought back to India. It is understood that the UK home office has de
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
With quarantine norms revised, Indian returnees must be refunded part of their advance by hotels: Centre
India News: NEW DELHI: Indian returnees from abroad who had paid hotels in advance for their 14-day quarantine stay but can now leave after seven days under revis.
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Floods hit nearly 2 lakh in seven Assam districts
Nearly two lakh people in Assam have been hit and about 9000 forced to take shelter in relief camps as the situation due to the first wave of floods w
From Wall Street to Bethlehem, iconic sites reopen from virus
International Business News: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors on Tuesday from the coronavirus pandemic, but n
Government has no choice, must listen to wise counsel: Chidambaram
India Business News: The Congress, after rejecting the govt's economic package announced to revive the economy, has said that sooner than later the govt will accept the su
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Google faces antitrust case in India over payments app: Report
India Business News: The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote it
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Tesla price target raised over Fremont’s reopening, strong Model 3 demand in China
Tesla (NASDAQ: TSLA) received a higher price target from Dan Ives of Wedbush Securities on Wednesday morning, with the analyst putting his estimates at $800 a share. His previous mark was roughly a third less than his updated price target. Ives’ increase in the price target for TSLA stock is based on his opinion that […]
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Deputy calls for figures to back up ‘buy local’ campaign
ROBUST data showing why buying goods and services locally is so important is needed as soon as possible so that a convincing case can be made to reinforce the message of the JEP’s Celebrate Local campaign, a States Deputy has said.
Wings Over Scotland blogger’s defamation appeal against Kezia Dugdale rejected
Stuart Campbell launched the action after an article was published by the former Scottish Labour leader.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
Working at the pace of change
Following the launch of tech firm TSG’s online portal to help Jersey’s care organisations order desperately needed PPE equipment quickly and easily, Ian Heath spoke to Andy Delaney about his team’s effort in the battle against the coronavirus pandemic
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
City projects under budget
Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.
Plans for new activity centre
Vernon city council gave support to the plans for a proposed new active living centre at Kin Race Track.
The Wedge gets creative
Developers of a unique, six-storey downtown office building have come up with a creative way to solve their parking issue.
Old Fogies kick it for needy
The challenge was accepted, and the goal was reached.
CEO pay tops $12.3M
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
PPE - how much is enough?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
Postmedia to lay off 40
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Meng loses court challenge
The extradition hearing process for Huawei Technologies Co. Ltd. CFO Meng Wanzhou will continue after the judge presiding over the case ruled that Crown prosecutors met the requirement of double criminality.
Save On ends pandemic pay
The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Google Search and Maps are making it easier to support small businesses with donations and gift cards
As businesses navigate the largest economic crisis since the Great Depression, those that remain on the playing field are looking for any bit of help they
[Update: Rolling out] Google Maps adds ‘Support this business’ section linking to gift cards, donations
Local businesses are struggling amid the ongoing COVID-19 pandemic due to decreased foot traffic sales. Google business listings donate...
Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned
Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...
Huawei CFO Meng Loses Key Court Argument in Fight Against Extradition To United States
Huawei's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. From a report: Meng, a Chinese citizen, was arrested in December 2018 on a warrant issued by U.S. authorities, who accuse her of bank fra...
Docker hopes to resurrect its fortunes with new developer focus
Docker kicks off its annual developers conference this week as the company tries to demonstrate that its turnaround strategy is gaining momentum.
Pandemic slows electric vehicle revolution due to lithium battery shortage
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.
Licence Check welcomes Government guidance on working safely with vehicles
Licence Check has welcomed updated Government guidance on working safely with vehicles during the Coronavirus pandemic as more businesses look to return to work.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen
According to experts, there could be the 'mother of all sales' for the next few months
'Reboot, reform' of agriculture pushed
During the launch of the "Plant, Plant, Plant" program in line with the celebration of the farmers and fisherfolk's month at the Department of Agriculture central compound in Quezon City, Dar said the agriculture sector should be more responsive especially with the pressing issues faced by the country.
Romualdez: DCC to approve P1.5Tr SAP under CURES Act
THE Defeat COVID-19 Committee (DCC) co-chaired by House Majority Leader and Leyte Rep. Martin Romualdez and Speaker Alan Peter Cayetano will approve this Thursday the P1.5 trillion social amelioration program under the proposed “COVID-19 Unemployment Reduction Economic Stimulus (CURES) Act of 2020."
BI ready for ‘new normal’ operations
THE Bureau of Immigration (BI) said its offices are prepared to resume full operations amid a new set of guidelines and protocols that its employees and stakeholders are bound to follow and observe under a “new normal” environment, after the modified enhanced community quarantine (MECQ) is lifted in Metro Manila and other areas of the country.
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
55 Covid-related goods makers keen on investing in PH
Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
Taseko signs deal for Yellowhead copper project in Canada
Taseko Mines has signed an agreement with an indigenous nation as it seeks to secure regulatory approval for the Yellowhead copper project in Canada.
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
Coronavirus company news summary – South Africa faces production hit – Poland faces outbreak among miners – Lithium producers struggle with demand slump
27 May The Minerals Council South Africa has warned that mining production in the country is likely to fall by...Read More...
Metso unveils new crushing and screening plant concepts for mining
Metso has introduced two new solutions for crushing and screening plants namely, flexible FIT stations and smart Foresight stations.
Covid-19: how the mining industry is responding
As the Covid-19 pandemic spreads, companies have been forced to adjust their practices; we profile some of the mining industry’s responses to the outbreak.
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020
The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.
Pompeo told Congress Hong Kong is no longer autonomous from China. Here’s what that means.
The secretary of state made the declaration as China prepares to pass a controversial national security law.
Kelly Loeffler and 2 other senators are no longer being investigated for insider trading
Sen. Richard Burr remains under investigation after a search warrant was executed at his Washington, DC, residence.
ESRI warns against austerity measures in short-term as economy heals from the pandemic
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
Peter Dunne says the Government will be worried that soon public concern about the social and economic impact of Covid19 - already sharply on the rise - will overtake support for the approach the Government has taken so far
Peter Dunne says the Government will be worried that soon public concern about the social and economic impact of Covid19 - already sharply on the rise - will overtake support for the approach the Government has taken so far
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
10 Official Irish Chart facts about Britney Spears
With Britney in the headlines for a variety of reasons in 2020, we round up her impressive chart stats on the Official Irish Charts.
SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness
Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.
Gold Price Forecast: New Trend Lower is Forming
Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Xi Jinping asks Chinese military to prepare for 'worst-case scenarios'
Jingping comments came in the backdrop of the continuing standoff between the militaries of India and China at the Line of Actual Control
Vanishing jobs for young could create 'lock-down generation'
The Middle East is just one of the world's many regions struggling to cope with the Covid-19 outbreak. After first peaking in China, where it began, then Europe, now it's the Americas that is seen as the main epicenter
Two passengers on Ahmedabad-Guwahati SpiceJet flights test Covid-19 positive
Passengers had travelled on SG-8194 (Ahmedabad-Delhi) & SG-8152 (Delhi-Guwahati).'The operating crew has been quarantined and SpiceJet is coordinating with government agencies in notifying other passengers who had travelled with them,' the airline said
Mint Lite | Foreign fund bond holdings at three-year low and other news to know
Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day
Locust invasion warning in Odisha
Farmers residing in bordering areas of the state have been asked to remain alert and take immediate preventive steps.
Delhi HC sets aside orders by MoC where it invoked bank guarantees of TSIL
The court has ordered that MoC shall provide TSIL the comments received from the concerned State Government(s) on the aspect whether the delay in achieving the milestones is attributable to TSIL
Diplomats adopt ingenious methods to get to designated workplaces
Many diplomats designated to new roles and stations utilized flights operated for repatriation to reach workplaces
Nepal delays discussion in Parliament to amend Constitution for updating map
Oli is seeking other parties' views on the issue and called the all-party meeting to forge national consensus.The Constitution amendment proposal was to be tabled in Parliament on Tuesday but it could not be done after Oli said that he wanted to hold an all-party meeting to discuss the matter
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
Coronavirus cases cross 1.5 lakh, govt says lockdown has 'decelerated' pace of COVID-19 spread
India's covid-19 fatality rate is 2.86%, as against the world average of 6.36 per cent, the ministry said..The country has been registering new cases in excess of 6,000 daily since the past six days
Shops to buses: Telangana govt allows further relaxations to lockdown norms
KCR held separate meetings with ministers and officials on the COVID-19 situation and implementation of lockdown, among others and took decisions on several issues.State-run RTC buses have been exempted from night time curfew restrictions and will be allowed to ply to their destinations
US is ready to mediate India-China border dispute, says Donald Trump
'We have informed both India and China that the United States is ready, willing and able to mediate or arbitrate their now raging border dispute,' tweeted Trump.Trump's comments come in the backdrop of the continuing standoff between the militaries of India and China at the Line of Actual Control
Bengaluru's civic woes may worsen as projects held up due to fund, labour crunch
The city’s civic body has said it was looking to complete projects where work has begun and may not be able to start new ones listed in its ₹10,895.84 crore budget for this year
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
Over 3,500 Shramik special trains ferried more than 48 lakh workers: Railways
Nearly 80% of total Shramik trains are destined for various destinations in Uttar Pradesh and Bihar, said Ministry of Railways.IRCTC has distributed over 74 lakh free meals and more than 1 crore water bottles to travelling migrants so far
US says Hong Kong’s autonomy is gone, sowing China trade doubt
Secretary of State Michael Pompeo announced the decision Wednesday, a week after the government in Beijing declared its intention to pass a national security law curtailing the rights and freedoms of Hong Kong citizens
Kolkata Metro Railway to start trial run of trains for maintenance purpose
All the rakes will be run as part of the trial beginning Thursday.The Metro Railway had earlier said that strict social distancing norms would be maintained at every point from entry to travelling by the trains after recommencement of services
Day 3 of domestic flights: Airports handle 354 departures till 5 pm, says Puri
Domestic services resumed on Monday after a gap of two months, and 428 flights were operated within the country that day.'Till 5pm on day 3 today, there have already been 354 departures & 288 arrivals with a total of 47,917 people at various airports,' said Puri
How govt is deploying drones to pursue locusts as swarms destroy swathes of crop
Drones, tractors and cars have been sent out to track the voracious pests and spray them with pesticides.Eight to 10 swarms, each measuring around a square kilometre are active in parts of Rajasthan and Madhya Pradesh
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
Salaries get chopped for many Americans who manage to keep jobs
Americans taking pay cuts 'might have little, and in some cases maybe nothing, left over after that for discretionary purchases'
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
AfDB board bows to US pressure to probe its president
Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the
South African Airways aims to resume domestic flights in mid-June
SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.
Nvidia AI tech recreates Pacman code from watching it being played
Nvidia says it has developed AI technology which can re-create the code that created Pacman just from watching the game being played.
PV power plant design software upgraded
PVcase, the photo-voltaic power plant software specialist, has released version 1.33, to coincide with the update to PVsyst 7.0.
Hundreds held as HK police use pepper pellets to disperse protest
Hong Kong police have fired pepper pellets to disperse protesters as hundreds of people gathered in the centre of the financial hub to oppose a controversial bill on China's national anthem and a planned move by Beijing to impose a national security law on the semi-autonomous territory.
Pompeo declares Hong Kong 'no longer autonomous' from China
United States Secretary of State Mike Pompeo has notified the US Congress that the Trump administration no longer regards Hong Kong as autonomous from mainland China.
Trump hints at action against China over Hong Kong security law
US President Donald Trump has indicated that the United States was working on a strong response to China's planned national security legislation for Hong Kong, which would be announced before the end of the week.
North India sizzles as temperature touches 50C
India is wilting under a heatwave, with the temperature in places reaching 50 degrees Celsius (122 degrees Fahrenheit) and the capital enduring its hottest May day in nearly 20 years.
7 Big Little Lies Of The Modi Government’s Coronavirus Economic Relief
HuffPost India spoke to experts and read the fine print to find the Modi government has failed to put its money where its mouth is.
After Rajasthan, Are Locusts Heading To Delhi? Here's What We Know
Can locusts harm humans? How big are swarms? Your questions answered.
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA - A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail tha
Canada judge rules Huawei CFO Meng's fraud case will proceed
VANCOUVER - A Canadian judge ruled Wednesday the U.S. extradition case against a senior Huawei executive can proceed to the next stage, a decision that is e
Home gardeners can help the hungry by donating some harvest
Gardening’s popularity has surged during the coronavirus pandemic; it provides exercise, outdoor time, emotional well-being and wholesome produce. Home gard
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
The right economic response to the COVID-19 crisis
Extraordinary measures are needed.
The end of Europe's Chinese dream
Three developments have led the EU to abandon its goal of closer economic ties.
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor
Uber Eats deliverers in Japan involved in accidents as demand surges
Uber Japan Co., which runs the Uber Eats service in Japan, said it will further raise awareness about traffic safety among its delivery workers.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan'
Rodents compound woes of traders
Their population has seen manifold increase in closed showrooms
Coronavirus | All bags disinfected at Chennai airport
According to officials of the Airports Authority of India (AAI), ever since domestic operations resumed on Monday, the baggage of about 2,500 passengers has been disinfected.
CPI urges CM to stop coal block privatisation
The Communist Party of India (CPI) has requested Chief Minister K. Chandrasekhar Rao to prevent the attempts of the Centre to privatise 11 coal blocks of Singareni Collieries, as part of its stimulus
Staffing giants join forces to decode COVID-19 puzzle
Give a clarion call: ‘Help India Get Back to Work Safely’
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
Nizamuddin event: 15 more chargesheets against foreigners
294 booked for flouting visa norms, govt. rules among others
Lockdown presents mixed fortunes for Prakasam farmers
Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times
Low rates, poor demand hit jasmine growers
Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
Kudimaramathu works inspected
NAGAPATTINAMThe ‘Kudimaramathu’ works for strengthening of waterbodies undertaken by the Public Works Department in Kollidam, Mayiladuthurai and Sirkazhi panchayat unions a cost of ₹ 87 lakh were insp
Wheat procurement on target despite lockdown
While it is progressing swiftly in States like Punjab and Haryana, U.P. is lagging behind; Madhya Pradesh crosses target
CM to chair meeting with Collectors on Friday
Chief Minister Edappadi K. Palaniswami is scheduled to chair a videoconference meeting with all District Collectors on Friday.On Saturday, he is scheduled to hold a meeting with public health and medi
Rising tide: On return of protests in Hong Kong
China’s effort to tighten grip on Hong Kong with tough laws may not help its cause
KSDP makes a remarkable turnaround
State government’s drug manufacturing facility records profit of ₹7.13 crore
City springs back to life with almost all shops open
Managements are strictly following guidelines to prevent virus spread
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
15 smart kiosks to be set up for COVID-19 testing
The State government in collaboration with Wipro GE Healthcare will set up 15 ‘smart kiosks’ across the State in the next few days for random population-based screening for COVID-19. The company’s ini
Jewellery, textile showrooms seek permission to open
TIRUCHI Faced with heavy losses due to the lockdown, owners of major textile showrooms, jewellers, utensil shops and other big commercial establishments have urged the district authorities to allow th
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Wonderla gets extension on tax break, as lockdown hits construction
The amusement park operator has obtained a further extension of an entertainment tax exemption from the State government, to cover a period of five years from the date of commercial operations or September 30, 2021, whichever is earlier
1,600 migrant workers leave Mumbai for Tamil Nadu in spl train
The workers started their journey for Tirunelveli on Tuesday evening.
Relief distributed to airport workers
TIRUCHI About 100 labourers, including trolley retrievers, canteen and other contract employees, working at the Tiruchi International Airport were given essential commodities worth ₹1,000 each in view
Tokens for free June rations to be distributed from May 29
In a an official release on Wednesday, Chief Minister Edappadi K. Palaniswami said the tokens would bear the specific date and time of when consumers could go to their ration shops and get their supplies from June 1
Lukewarm turnout at liquor shops not a cause for comfort
KARAIKAL Though there was no overcrowding in front of the IMFL, arrack and toddy shops in Karaikal on Monday and Tuesday, purportedly due to the price hike, social activists express apprehensions that
Local bodies ready to pay expense
Amid the controversy over charging money from returning expatriates for quarantine facilities, two local bodies ruled by the United Democratic Front in Kozhikode district have written to the governmen
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
Consider setting up more sites to dump construction waste, NGT tells Chief Secretary
Tribunal against dumping at Bhalswa landfill site as it has crossed its capacity
Consumers can now book LPG refills on WhatsApp
A company source said since many consumers were comfortable using the messaging application on their smart phones, the company was offering this option too.
Leo Puriset to join JP Morgan
Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and
Pay special daily allowance to contractual workers: Bombay HC tells NMMC
Judge says it was unfair of the corporation to differentiate between them and regular employees
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
Lack of patronage hits autorickshaw drivers
Many autorickshaw drivers are planning to find other jobs
Survey underlines job loss, drop in earnings during lockdown
It reveals that 73% of around 870 respondents in State have lost their jobs
Flights to Kolkata from Mumbai to begin today
No flights to Chennai, Goa till May 31
PU evaluation work inMangaluru from today
Govt. agrees to provide transport and food to evaluators
Lockdown-hit farmers in Prakasam press for loan waiver
The All India Kisan Sangharsh Coordination Committee in Prakasam district has urged the Centre to announce a special financial package for farmers who are struggling to cope with the lockdown imposed
Stone railing on historic bridge makes way for drainage channel
A large chunk of the stone railing on the bridge connecting the Moti Darwaza of the Golconda Fort to MD Lines has been brought down by the Greater Hyderabad Municipal Corporation officials to create a
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
Flights to Kolkata from Mumbai to begin on May 28
No flights to Chennai, Goa till May 31
Lockdown helps SCR in track maintenance
Work completed on 984 km of the total track of 6,336 km under its control
BJP, JSP launch ‘Vizagnot for sale’ campaign
‘It is imprudent to sell away prime land for doling out freebies’
APSPDCL MD promises to revise power bills
Many consumers in Anantapur had complained that their bills were inflated
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
Hong Kong body will play an advisory role: China’s political advisory body
The city’s government will retain enforcement powers, says key Chinese official.
Changing balance across LAC trigger for stand-off, says China expert Taylor Fravel
China is likely responding to what it sees as a challenge to its position, he opines
Enjoying the fruits of their labour
Farmers deserve the freedom to market their produce at a place of their choice
Property tax hike issue to betaken up in Cabinet meeting
Minister in-charge of Dharwad district Jagadish Shettar has promised to take up the property tax hike issue in the next Cabinet meeting and discuss the matter with the Urban Development Minister. Addr
G.R. Chintala is new chairman of NABARD
G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial
Foodgrains procurement centres to close by May 31
CM tells Agriculture dept. to focus on crop season from June
Discom reduces T&D losses to 6.64%, says CMD
‘Steps have been taken to solve problems of consumers’
ED files cases over seizure of drugs
The Enforcement Directorate recently registered over 20 money-laundering cases in connection with the seizure of drugs by various enforcement agencies in Punjab. The findings may be incorporated in th
Coronavirus: States to clear operation of international flights
Stranded passengers told to register with Indian missions, download Aarogya Setu App
Coronavirus: Manipur tally goes up to 41 after two more test positive
Of these, 37 are active cases and four persons have fully recovered
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
MSMEs in Visakhapatnam get first instalment of pending incentives
AP Chambers lauds Chief Minister’s initiative
IHCL goes for enhanced safety and hygiene for opening hotel post lockdown
As part of its strategy to open its hotels after lifting of lockdown, Indian Hotels Company Ltd. (IHCL) has decided to use industrial strength disinfectants at common and high-touch areas of hotels li
Use ICWF to bring back poorly paid Indians: HC
Centre told to consider pleas of wives of four Keralites
Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy
OVG aim to make the proposed new east Manchester arena the most sustainable in the UK
Rochdale council boss says 'big questions' remain over track and trace plans
Chief executive Steve Rumbelow has concerns over how local and national government systems will link up
BREAKING John Lewis names the 13 stores that will reopen to the public in June
We'll be bringing you the very latest updates, pictures and video on this breaking news story.
Best range cookers for 2020: all of your cooking needs in one
Cook everything to perfection, with the classic and super versatile kitchen must-have that is the range cooker. We found top picks including gas, electric and dual-fuel options
McDonald's shares exact date every drive-thru in UK and Ireland will reopen
EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
EDF goes ahead with Sizewell C application despite local objection
Energy giant EDF Energy has today submitted plans for the new Sizewell C nuclear power station on the Suffolk coast.
Cummings was wrong – but his actions won’t get people going back to shops
Dominic Cummings is an arrogant, out-of-touch fool who should have apologised to the country and handed in his resignation to the Prime Minister by 10am on Saturday morning.
ALL McDonald’s drive-thrus in Suffolk to reopen next week
More than 1,000 McDonald’s drive-thru restaurants, including all sites in Suffolk, will be reopened to the public from next week.
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
John Lewis reveals exact date for reopening of Ipswich store
Retailer John Lewis has revealed Ipswich will be one of the first locations to reopen among a handful of UK branches.
EDF asked to delay Sizewell C final plans consultation
Energy giant EDF is being asked to delay the formal consultation on its plans for a new £14billion nuclear power plant on the Suffolk coast until after the Covid-19 lockdown restrictions are lifted.
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
Ask the expert: how can I improve my success rate creating partnerships?
In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses.
JP Morgan to deploy Calastone tech for automated settlement
JP Morgan has signed a partnership agreement with Calastone which will see it deploy the latter’s technology to enhance its settlements processes.
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
Challenger bank Lunar partners with Danish esports firm Astralis
Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News
New Delhi: Pension fund regulator PFRDA on Wednesday said it has allowed Aadhaar-based paperless KYC process for onboarding of new … Aadhaar-based paperless KYC process allowed for opening NPS account | Personal Finance News Read More »
President Xi Jinping tells Chinese Army to scale up preparations for war | World News
Chinese President Xi Jinping on Tuesday ordered the military to scale up the battle preparedness, visualising the worst-case scenarios and … President Xi Jinping tells Chinese Army to scale up preparations for war | World News Read More »
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »
Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News
New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional
The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
Four Reasons Why Digital Security (Security Token) Liquidity Has Lagged
How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity -- but there is hope...
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi
Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha
tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security
The GSX Group recently announced the launch of "GRID" - platform to create and launch digital securities. GSX is the company that operates the Gibraltar Sto
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
Why the people rushing to get life insurance now are doing a smart thing
The pandemic has opened people’s minds about the need to protect dependants in case of an emergency
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
Vancouver biotech firm AbCellera raises US$105-million as it focuses on COVID-19 research
It is the second financial boost this month for AbCellera, which has partnered with several of the world’s largest drug companies, as well as the U.S. Defense Advanced Research Project Agency
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
Jailed for corruption, French executive’s story of U.S. justice fuels Chinese distrust of Western courts
Book written by Frédéric Pierucci becomes bestseller in China, training tool on doing business in Western markets
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
Is Airbnb’s slump a golden opportunity for rental?
In a post-pandemic world, will tenants once again find themselves on the firing line, facing eviction or enticements to vacate?
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
I want to be a security guard … what will my salary be?
The industry can be divided into two categories: those who need security and those who want it. Those who need it typically pay $15 per hour, while those who who want it pay between $17 - $23
Wednesday’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.
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
Canada investigating alleged dumping of steel imports from five countries
Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers
Alberta mulls bill that would limit energy project approval time
The bill is part of a continuing government evaluation of the Alberta Energy Regulator, which the United Conservatives say is crucial to speeding up project approvals in the province
Opinion: The pandemic has exposed the crack in our fiscal armour
Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task
All three Detroit automakers have had workers test positive for COVID-19 since plants reopened
The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic
What every Canadian investor needs to know today
A look at the morning’s market action
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Ukrainian airline switches to cargo to weather COVID crisis – media
The impact of the novel coronavirus pandemic on the airline industry has prompted several carriers to seek state aid.
You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy
The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Business, unions decide reform is too hard
Big news: nothing will happen! At New Daily:
Working from home will kill CBDs. And that’s a good thing
Robert Gottliebsen has warned that the shift to working from home (WFH) could suck the life out of Australia’s CBDs.
Are new car sales about to boom?
According to Robert Gottliebsen, new car sales may be about to boom:
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
Intel tweaks its stock cooler for the first time in years: still no match for AMD's Wraith coolers and nowhere near good enough for the Comet Lake S i9-10900K
After nearly a decade of rehashing its stock cooler, Intel's finally made substantial (although entirely cosmetic) changes to its stock cooler design for a limited number of Comet Lake S SKUs.
Redmi Display 1A pre-sale begins: 23.8-inch IPS monitor from Xiaomi with narrow bezels for just 599 yuan (US$84)
The Redmi Display 1A monitor from Xiaomi is now official and has been put up for pre-sale. Customers in China can reserve one of the external monitors for 100 yuan (US$14) deposit while the full price for the Redmi Display 1A is 599 yuan (US$84). The thinnest part of the display measures a tiny 7.3 mm.
Trade War 2.0 or worse? Trump strips Hong Kong of it's special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
The US gaming headset market is found to have hit new heights as of April 2020
A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.
US to revoke Iran nuclear cooperation sanctions waivers
The Trump administration is ending nearly all of the last vestiges of U.S. sanctions relief provided under the 2015 Iran nuclear deal, according to current and former U.S. officials and congressional aides.
Covid-19: China’s industrial firms profits fall in April but at slower pace
Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.
Azam named top African Brand
Azam was on Sunday named one of the most admired African brands.The Azam non-cyclical consumer segment emerged as one of Most Admired African Brands (prompted) in this year’s Brand Africa.
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
SpaceX passenger brought down to earth by tax evasion allegations
Japanese billionaire Yusaku Maezawa set to be company’s first space tourist
Amazon in talks to buy driverless car start-up Zoox
Acquisition would be first by ecommerce group of an autonomous vehicle company
Renault and Nissan scrap Ghosn strategy in move to slash costs
Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus
Turkey looks to weather coronavirus crisis without IMF support
Erdogan resists taking assistance despite looming balance of payments crunch
Boeing to axe 12,000 US workers even as Max assembly resumes
Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
Michel Barnier says EU remains ‘open’ to transition period extension
Talks between London and Brussels stall with sides far apart on fisheries and regulatory alignment
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
Coronavirus accelerates shift away from cash
Pandemic encourages more businesses to move to contactless payments
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Huawei CFO loses bid to dismiss US extradition request
Canadian court ruling will allow proceedings to continue against Meng Wanzhou
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
UK regulator halts antibody home tests for coronavirus
MHRA warns unvalidated samples using finger prick may lead to unreliable results.
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
Drug wars: how AstraZeneca overtook GSK in UK pharma
With new cancer drugs and a vaccines partnership with Oxford university, AZ’s turnround has boosted the industry in Britain
Canada court decision could end 'Huawei Princess' extradition saga
A Canadian judge will deliver a key decision Wednesday on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations. Four days of legal arguments in January focused on whether US charges against the "Huawei Princess" would stand up in Canada
Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant
The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel
Steve Bannon wins case to set up Italy political academy
Steve Bannon, the former adviser to U.S. President Donald Trump, has won the latest phase of a legal battle with Italy's culture ministry to set up a right-wing Catholic political academy. The ministry said it would appeal the regional court's decision. The court ruled for the Dignitatis Humanae
IM-SHORAD delayed by pandemic, but first unit equip date remains in place
"We're making adjustments as necessary, and then working with the companies to try and catch up," the head of Army acquisition said Wednesday.
Donald Trump promises a 'very interesting' response to China's proposed crackdown on Hong Kong
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial centre if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days. The Chinese legislation would ban secession, subversion, terrorism and foreign
Republicans cast doubt on future of House bills passed by proxy
Republicans warned on Wednesday that legislation passed by the Democratic-controlled U.S. House of Representatives during the coronavirus pandemic may not become law if lawmakers are allowed to cast votes remotely under a new voting system. A day after filing a federal lawsuit to overturn rules allowing
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
Taiwan leader vows 'action plan' for Hong Kong protesters
Taiwan's President Tsai Ing-wen on Wednesday pledged a humanitarian "action plan" for Hong Kongers pushing for democracy in the financial hub as an influx of activists seek sanctuary on the self-ruled democratic island. Hong Kong was upended by months of often violent pro-democracy protests
US President Donald Trump warns that Hong Kong risks losing its special status as a financial hub
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial center if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days. The Chinese legislation would ban secession, subversion, terrorism and foreign
British mercenaries 'involved in botched operation' backing rebel leader in Libya, according to secret UN report
Six British citizens including two former Royal Marine commandos have been accused of taking part in a botched mercenary mission to Libya to fight on behalf of renegade general Khalifa Haftar. The five men and one woman are named in a confidential report by the United Nations panel of experts on Libya
Xi Jinping urges China's army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city's freedoms
China is expected to pass controversial national security laws for Hong Kong on Thursday, prompting renewed protests in the city.
China puts GDP target on history's ash pit
The ruling party abandons the material growth standard of gross domestic product. Now, like many nations, it struggles to define progress in alternative ways.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan's most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong. China's proposed new security legislation for the former
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
Lost hikers found alive after 18 days in New Zealand forest
Two New Zealand hikers survived for more than 18 days in a densely-forested national park before being found alive on Wednesday, rescue officials said. Jessica O’Connor and Dion Reynolds, both 23, hiked into Kahurangi National Park in the northwest of New Zealand's South Island on May 9, and were
African Development Bank chief hits back over graft accusations
The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts by some to tarnish my reputation" and declared "I will... continue to
Sudan says three jailed members of ousted Bashir regime have coronavirus
At least three jailed senior members of the toppled regime of former Sudanese leader Omar al-Bashir have the coronavirus, the country's public prosecution service said on Wednesday. The Arab African country, which has reported 4,146 coronavirus cases and 184 deaths, released more than 4,000 prisoners
UK tells EU: break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during
Moscow in 2014 banned wholesale imports from the European Union of most types of fresh foods in response to EU sanctions over Russia's actions in Ukraine including the annexation of Crimea
Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said. The shipment included Dorblu blue cheese and Italian hard cheeses such as Grana Padano, the customs service said. This was in response to EU sanctions
An 'Avalanche of Evictions' Could Be Bearing Down on America's Renters
EUCLID, Ohio -- The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new
Greece to welcome Germans, Cypriots, Israelis in first wave of visitors
Greece will allow travellers from around two dozen countries including Germany, Cyprus and Israel to visit from mid-June without having to be quarantined, government officials said, part of a gradual easing of coronavirus lockdown restrictions. "There will be some 20-25 countries whose nationals
German minister warns of far-right threat as anti-Semitic crime jumps
The number of anti-Semitic crimes committed in Germany rose last year by 13%, Interior Minster Horst Seehofer said on Wednesday, laying the blame squarely on right-wing radicals. Germany has stepped up efforts to counter far-right groups in recent months, especially after a gunman in the city of Halle
US ends sanction waivers for nations in Iran nuclear deal
The United States said Wednesday it was ending waivers in its sanctions for nations that remain in the Iran nuclear accord, bringing the deal further to the verge of collapse. Secretary of State Mike Pompeo said he was responding to Iran's "brinkmanship" of nuclear steps, which have been
Head of Italy's Lombardy region given police escort as COVID anger mounts
The governor of Lombardy, the northern region at the epicentre of Italy's coronavirus outbreak, said on Wednesday that he had been given a police escort after growing criticism of his administration's handling of the crisis. Lombardy, Italy's richest and most populous region and the motor
AP Explains Hong Kong Security Law
China is taking matters into its own hands after last year's tumultuous anti-government protests in Hong Kong that often descended into tear gas-filled clashes. In a surprise move, the central government announced last week that it would develop laws to outlaw secession, subversion, terrorism and
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears
Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation's exclusive economic zone. Iran is providing the country with up to 1.53 million barrels of
Justice Department clears 3 senators in stock sales investigation, but Burr's case appears ongoing
Investigations into Sens. Feinstein, Loeffler and Inhofe have been dropped. Sen. Richard Burr appears to still be under investigation.
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
Britain's negotiator with the European Union, David Frost, said Johnson will meet the presidents of the European Commission and Council to formally assess the state of the talks, according to the newspaper. Talks on a new pact to cover everything from trade to fisheries to security from 2021 had
Hong Kong 'no longer autonomous from China' - Pompeo
The US secretary of state says the territory no longer merits special treatment under US laws.
EnergyWare, LLC Extends Thanks to Its Customers
SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...
Locust Menace: UP, Maharashtra, Punjab on High Alert; Centre Steps up Efforts; Drones to be Deployed Soon
As per updates, about 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now.
Coronavirus: Punjab Govt to Decide on Lockdown Extension on May 30
Chief Minister Captain Amarinder Singh will hold a review meeting with the departments concerned on the overall coronavirus situation in the state on May 30 and then will announce the government's decision on lifting or further extending lockdown for a longer period.
West Bengal News: Week After Cyclone Amphan, Kolkata Hit by Gusty Winds, Downpour
Notably, the second storm hit the city at a speed not much less than Cyclone Amphan itself, that gusted through at a speed of 110-130 kmph in Kolkata.
Uttar Pradesh News: Two Migrants Found Dead on Mumbai-Varanasi Shramik Train
The incident was reported by the Government Railway Police at Manduadih railway station of Varanasi from Mumbai's Lokmanya Tilak Terminus at 8:21 AM, North Eastern Railway spokesperson Ashok Kumar said.
Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate
The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.
Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow
Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
Samsung secures 80% of all OLED orders for this year's iPhones
The rest will be fulfilled by BOE and LG.
Ethereum Gets Interoperability Boost With Ren Protocol’s RenVM Release
Ren, a decentralized finance protocol friendly to Ethereum that enables inter-blockchain liquidity, has announced the launch of the RenVM mainnet.
Here’s Why Bitcoin Could See a Bloodbath Decline to the $5,000 Region
Analysts are noting that Bitcoin's HTF outlook favors sellers, with one even noting that the crypto could soon be trading within the $5,000 region.
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists
The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t
Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?
Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse
Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months
The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Restaurants, Pools Open in Israel as COVID-19 Restrictions Eased
The renewed operations are subject to strict observance of physical distancing, wearing masks, observance of the rules of hygiene, the marking of places for standing in line, regulating the numbers of customers, and subject to the detailed Purple Badge standard instructions.
Huawei CFO loses bid to dismiss US extradition request
Huawei Technologies chief financial officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the US to face bank fraud charges.
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
SA plans R350-billion infrastructure fund, including for broadband
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
NordStar Capital to Acquire Torstar
NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...
Performance Kia Promotes Special offers on New Kia Sportage Models
MOOSIC, Pa., May 26, 2020 /PRNewswire-PRWeb/ -- The Performance Kia dealership in Moosic, Pennsylvania sells sedans, hatchbacks and SUVs. Among SU...
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
EU bailout package 'would be a game-changer' for Europe, analyst says
Guntram Wolff has told Euronews that if EU leaders can agree on a one-trillion bailout package for member states it would strengthen the bloc.
Random and weird facts about Ireland
Us Irish are a mercurial bunch but honestly some of these tidbits will make most Irish go... "Hmmm!" Sex equality in the workforce - In 1976 the Irish Government was rapped on the knuckles for failing to comply with the European Economic Community guidelines by implementing the agreed sex equality legislation.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Shops reopening 'vital in battle to save Midlands towns'
The reopening of shops has been welcomed by West Midlands Mayor Andy Street, who said it was "vital" for town and city centres.
The Apprentice contestant company’s adverts banned for Covid-19 cure claims
Revival Shots, founded by Daniel Elahi, has been reprimanded by the Advertising Standards Authority.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Training offered through Commonwealth Games scheme
A scheme to improve people's skills to help them land jobs created by the upcoming Commonwealth Games has launched.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Wings Over Scotland blogger’s defamation appeal against Kezia Dugdale rejected
Stuart Campbell launched the action after an article was published by the former Scottish Labour leader.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
£10,000 grant to help to draw up regeneration vision for Staffordshire town
A council has successfully bid for £10,000 to research how to regenerate a Staffordshire town.
81% of parents ‘would not have travelled for lockdown emergency childcare’
Almost a quarter of people said they had been in similar circumstances to Dominic Cummings but had chosen to stay put.
Huge Washington state unemployment fraud a warning to other states amid coronavirus pandemic
Washington's race to help newly laid-off residents as the coronavirus pandemic ravaged the economy left it vulnerable to such scams, and last week officials hinted at the scope of the damage done: hundreds of millions of dollars paid out in fake claims.
Crypto.com Expands Card To 31 Countries
i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.
Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions
The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel
The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and credit unions are using to detect and thwart it.
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
Google Rolls Out New Tools To Help Businesses Get Support From Customers
Google has launched a new feature for businesses to get help from customers as the pandemic takes its toll.
China’s Meal Delivery Service Meituan Now Valued At $100B
Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.
Preparing Merchants For The Coming Mobile Wallet Boost
Merchants must be prepared for a new world, post-pandemic, that will embrace order-ahead and other digital/hybrid payment options. Here's how to get started.
The Blueprint For Rethinking Main Street
Now that stay-at-home orders are being lifted, Hunter Hall of the Main Street Business Improvement Association discusses what recovery should look like for SMBs.
FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?
As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.
Innovating The ATM Beyond Cash
PYMNTS explores the influx in PPP loan applications, an overview of new ATM and ITM technologies and Redwood Credit Union's latest digital innovations.
Private/Public Partnerships Could Boost Central Bank Digital Currencies
About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
BoA Experiences Potential Data Breach With PPP Applications
Bank of America notified principal owners of a potential data breach after the bank uploaded loan applications of some customers to a test application platform.
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
GITAHI: The case for reopening our economy
The economy must be restarted and people given their lives back.
Lands ministry, NLC row to delay crucial reforms
Recent publication of proposed regulations was seen as a major leap, but NLC has disowned them
All should ensure implementation of the menstrual hygiene policy
Kebs should ensure the safety and standardisation of menstrual products.
GITU: Fine-tune reforms to make tea growing worthwhile
Start a reserve fund for marketing Kenyan tea as a quality global brand.
Senators claim politics behind maize policy
Lawmakers demand that policy document behind the move be tabled by the ministry
Making commercial laws in Kenya adaptable to deal with pandemic
ANJARWALLA & KIUNUHE: Making commercial laws in Kenya adaptable to deal with Covid-19
Kenya Airways takeover law to be out by August
Assembly team says it is on course to deliver legal framework.
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Food company promises related to healthy eating are rarely met
B Popkin, The Global Food Research Program, shares the global experience with food industry self-regulation and reflects on how healthy eating promises are rarely met
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
‘I’m innocent of trumped-up allegations’ — Akinwunmi Adesina breaks silence
Akinwumi Adesina, AfDB president, says he is innocent and will not allow allegations levelled against him bring his honour and integrity to question.
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
Dangote, Glo named most admired Nigerian brands in Africa
In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.
Report: AfDB succumbs to US’ demand, agrees to independent probe of Adesina
This comes after US treasury secretary rejected the report of the bank's ethics board which absolved Adesina of allegations of favouritism.
IN DETAIL: Executive order on financial autonomy for state judiciary, legislature
Last Friday, President Muhammadu Buhari signed an executive order granting financial autonomy to the judiciary and legislature in the 36 states of Nigeria. The president is empowered by section 5
NLC protests slash in workers’ salaries, gives Ganduje 14 days to make U-turn
Organised labour in Kano has issued a 14-day ultimatum to the state government to pay back the deduction it made to workers' salaries or they go on strike.
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
10 million monthly active users on ZeeHindustan.in
With the aim of providing niche content in Telugu, Tamil, Kannada, Malayalam apart from Hindi, ZeeHindustan.in aims to provide a wide variety of news, views and analysis to the Indian audience in their own language.
After laying waste to Rajasthan and Madhya Pradesh, desert locust swarms headed towards Delhi; wind pattern uncertain
The locust swarms threaten major damage to foliage and as such, can prove to be extremely detrimental to the capital city, considering that a section of it is under green cover
Companies Act amended to make PM CARES Fund eligible for CSR contributions
Until now, only the Prime Minister's National Relief Fund was eligible to receive CSR funding.
SBI extends moratorium on loans by three months
Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.
Canada court decision could end ‘Huawei Princess’ extradition saga
A Canadian judge will deliver a key decision Wednesday on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations.
Experts seek review, sustainability measures as airports reopen Friday
Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability
Buni to test landing completed Yobe cargo airport
Governor Mai Mala Buni of Yobe state; has said that ‘test landing’ of multi-billion naira Damaturu International Cargo Airport is slated for
Taiwan leader vows ‘action plan’ for Hong Kong protesters
Taiwan's President Tsai Ing-wen on Wednesday pledged a humanitarian "action plan" for Hong Kongers pushing for democracy in the financial hub as an influx of activists seek sanctuary on the self-ruled democratic island.
150,000 seafarers sign virtual global petition on crew stagnation
There is an ongoing global petition aiming to draw the attention of the general public to the problems of over 150,000 seafarers that cannot leave
Oshodi-Abule-egba BRT to commence operation in July, says Lagos govt
Lagos State government has said that the Oshodi to Abule Egba Bus Rapid Transit (BRT) route have been completed and operation would commence on that route by July 2020.
Limerick man appears in US court on rhino horn charges
A 30-year-old Limerick man who was extradited to the United States to face allegations of trafficking endangered rhinoceros horns has appeared in court in Texas.
Government to seek quicker delivery of broadband plan
The Minister for Communications has said he has asked his officials to examine the feasibility of accelerating the roll out of the National Broadband Plan.
Trump expected to sign social media executive order
US President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Google from being responsible for the material posted by their users, according to a draft executive order.
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's. . .
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
After decade of work, Victoria firm submits lupus drug to FDA for approval
Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .
RSCC planning four satellites to cover Russia’s Far North
Yuri Prokhorov, RSCC’s chief executive, said the company wants to have the satellites in orbit in 2024 to provide Ku-band coverage to Russia’s Far North.
Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis
The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...
Ryanair to announce 'hundreds' of Irish redundancies this week
The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
ICTU warns against 'cliff edge' removal of COVID-19 payments
The head of the Irish Congress of Trade Unions (ICTU) says income supports, such as COVID-19 pay...
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
Lockdown plight: Labourers who sold goats for a flight ticket will finally fly home
IndiGo has agreed to help the three to fly from Mumbai after their flight was cancelled.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
EU to unveil massive stimulus plan for post-coronavirus recovery
The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMS
According to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."
Maharashtra govt to expedite Dharavi, other slum rehab projects post Covid-19
Awhad has already urged Chief Minister Uddhav Thackeray to take steps to move ahead with the redevelopment of Dharavi spread over nearly 600 acres in the heart of the countrys financial capital.
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
Government tracks package rollout to gauge impact on ground
Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Cotton Association draws Agriculture Minister's attention to locust attack
"We request the Agriculture Minister to take appropriate steps at the earliest for controlling these locusts attacks and also to advise the concerned central and state government agencies to issue necessary guidelines to the farmers in order to protect their interest and jointly fight against this menace," said Atul S Ganatra, president, CAI.
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Tech View: Nifty close above 20-DMA may be signalling new leg of upswing
Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
From the PMO to FM Nirmala Sitharaman, Khadi masks are in vogue during Covid-19
Khadi & Village Industries Commission has already sold 6.5 lakh masks since the time it started production in April. The masks are available in different variants for men and women.
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.
Americas will be hardest hit by COVID-19 job losses: International Labour Organization
The outbreak also risks creating a "lockdown generation" of young people forced to play catch-up on the labour market for at least 10 years, the Geneva-based body said.
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
Boeing slashes 12,000 jobs as virus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
View: Can India benefit from the world’s frustration with China?
India lacks the sophisticated infrastructure which gives China an edge in manufacturing.
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore
The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore.
Hyundai Motor Group to get electric vehicle batteries from LG Chem
Details of the supply contract including the electric vehicle (EV) model and the full amount of the deal, which are yet to be decided, will be confidential, the spokesman said.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
Rabi crops not impacted by locusts; efforts on to prevent spread before monsoon to save kharif crops
Locusts -- the oldest migratory pest in the world -- entered India after travelling from Africa through Yemen, Iran and Pakistan. After massive devastation in Pakistan, the swarms of locusts have entered the country through Rajasthan and Gujarat.
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
Nissan-Renault alliance to share more parts, technology
Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.
Covid impact: Big restaurants may walk out of malls to high streets
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
Refrain from running regular trains for a month: States to Centre
State governments, including Odisha, Rajasthan, Bihar, Chhattisgarh and West Bengal have told the Centre that resumption of passenger rail service would lead to a further increase in Covid-19 cases.
Huawei CFO to find out if her fraud case will proceed
Canada arrested Meng Wanzhou, the daughter of Huawei's founder, at Vancouver's airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China's rise.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
China to roll out eleven measures to deepen financial reforms
The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
India, Africa favour new dimensions to multifaceted partnership in post-Covid world order
“We have common interests on international issues; UN reforms, counter terrorism, peace keeping, cyber security and energy security,” Rahul Chhabra, Indias High Commissioner to Kenya and Ambassador to Somalia, said as he highlighted multifarious collaboration between India and Africa in handling challenges thrown by the pandemic
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Official employment survey may capture migration
The ministry of statistics and programme implementation is examining changes that may need to be carried out to assess the extent of unemployment post the reverse-migration in the Periodic Labour Force Survey. The idea is to get a better sense of employment as migration from cities, post-Covid pandemic and lockdown, has been in large numbers.
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Motorola On A Roll As Retailers & Carriers Take On New Models
It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
Times Square billboards to go dark in support of struggling businesses
More than 100 million pixels will be darkened at 9 p.m. at 46th Street and Broadway and the corner of 47th Street and Seventh Avenue to send a message that more federal support is needed.
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
Reopened US car factories see coronavirus cases as production rolls on
In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Maxim turns to controversial cover model contest during financial struggles
Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest
De Blasio doesn’t have detailed plan to reopen NYC restaurants, bars
Mayor Bill de Blasio talked at length Wednesday in response to a question about his plan to reopen the city's restaurants and bars.
Wholesaler Quality King sued by AG for alleged coronavirus price gouging
“Quality King’s profiteering during this time of crisis is appalling,” said Attorney General Letitia James. “Instead of ensuring New Yorkers could protect themselves from this virus and stop
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
Riot police shield Hong Kong legislature as protests gather against anthem bill
Hong Kong deployed riot police around the Legislative Council on Wednesday as activists called for protests against a bill to criminalize disrespect of the Chinese anthem, amid soaring tensions over perceived threats to the city's freedoms.
Food industry can weather global economic shock: BKPM
Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.
India wilts under heatwave as temperature hits 50 degrees Celsius
The hot spell is projected to scorch northern India for several more days, the Meteorological Department said late Tuesday, "with severe heat wave conditions in isolated pockets".
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
Hong Kong police fire pepper pellets to disperse protests over security bill
Hong Kong police fired pepper pellets to disperse protesters in the heart of the global financial center on Wednesday and arrested about 240 people as national security legislation proposed by Beijing revived anti-government demonstrations.
Novavax launches its first coronavirus vaccine test on humans
US biotech company Novavax Inc has joined the race to test coronavirus vaccine candidates on humans and said it was targeting production of over a billion doses of its vaccine candidate next year.
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
The rise of digital taxes during a pandemic
This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
India backs hydroxychloroquine for virus prevention
India's top biomedical research body on Tuesday backed the use of the anti-malarial hydroxychloroquine as a preventive against coronavirus, after the WHO suspended clinical trials of the drug over safety concerns.
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Farmers benefit from e-learning despite lackluster internet access
The Environment and Forestry Ministry is hosting an online farming program for farmers affected by COVID-19 pandemic.
Boeing set to announce significant US job cuts this week: Union
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".
Floor trading resumes at Wall Street, with masks and plexiglas
Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.
Hong Kong legislature surrounded by riot police ahead of expected protests
Hundreds of riot police took up posts around Hong Kong's legislature overnight, as protests were expected on Wednesday over a bill criminalizing disrespect of China's national anthem and against plans by Beijing to impose national security laws.
National airlines need government aid to survive
National airlines will largely depend on domestic flights to grow because international flights are expected to remain severely restricted until a COVID-19 vaccine is available.
Saudi public sector employees will return to work starting May 31
Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak.
Analytics firm Bonza gets seed funding, releases COVID-19 data
The start-up has recently released data on the nationwide COVID-19 reproduction number (Rt) on its website.
Boots reveals how stores will change from June to prevent second wave of coronavirus
Dedicated social distancing wardens will patrol stores at all time
Greggs is reopening branches next month after successful trials
Greggs fans will once again be able to get their breakfast or pasty fix
Strict rules Primark fans will need to follow when stores reopen
Primark stores will look very different with changes to how customers shop and browse items
Sainsbury's massive sale starts today with clothes for £1
Sainsbury's up to 70% off sale launches across stores today with huge savings to be made
Tesla slashes EV prices by as much as six percent in North America
Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox
Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
China praises Russian FM comments slamming US over interference in HK
China totally agrees with and speaks highly of Russian Foreign Minister Sergei Lavrov's comments that Hong Kong affairs are China's domestic issue, and the US response to the proposed national security law on Hong Kong exposes its sense of superiority, Chinese Foreign Ministry spokesperson Zhao Lijian said at a press conference on Wednesday.
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down
Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the
CMCO: Four-in-a-car rule dropped – vehicles now allowed to have passengers according to capacity
From today, drivers will be allowed to have the permissible number of passengers according to the capacity of their respective vehicles. This was revealed
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
Gov. Jim Justice is West Virginia’s richest man. Over the last three decades, lawsuits over unpaid bills have cost his constellation of companies more than $128 million in judgments and settlements.
Chaos at airports continue as flights resume
Around 630 flights were cancelled on Monday while on Tuesday 80 flights were cancelled at Delhi alone.
Lapses in handling human crisis: Supreme Court to Centre on miseries of migrants
The court also issued notice to all the states and UTs, directing them to submit their response by Thursday.
A guide to the Nature Index
A description of the terminology and methodology used in this supplement, and a guide to the functionality available free online at natureindex.com.
How South Korea made itself a global innovation leader
Systemic reform backed by strong investment has brought rapid and long-lasting results.
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
Amazon In Advanced Talks To Buy Self-Driving-Car Tech Company Zoox
Amazon is in advanced talks to buy Zoox in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The Wall Street Journal reports: The companies are discussing a deal that would value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, accordi...
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
'Many of us are fearful': South Africa to reopen places of worship
The past few weeks of lockdown, one of the strictest in Africa, have been catastrophic for the country's poorest, many of whom live hand-to-mouth in crowded slums.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Travel group says Australia-New Zealand bubble could open in September
A travel industry group working to establish a 'Trans-Tasman bubble' says it will present a plan to both governments early next month and eyes flights resuming as early as September.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
Education Department IT manager directed $14m of work to his own company
A former 'go-to guy' for the Education Department misused his position for more than a decade but will not face criminal charges, IBAC says.
'Gold Coast stuff': Fears over Treasury Square development
There are fears a $2 billion development at Treasury Square could overshadow Birrarung Marr after the state government sought to sell the land before finalising planning controls.
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Court rejects compo for woman who hurt hip after 'excessive socialising'
Danielle Dring, who slipped on wet tiles after a night of champagne, wine and cocktails on a work trip, has failed again in her bid for compensation from Telstra.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
$100m Redfern station upgrade to start later this year
The upgrade to the southern end of one of Sydney's busiest train stations will be completed about a year later than originally planned.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
AP EXPLAINS: Why is China pushing Hong Kong security law
BEIJING — China is taking matters into its own hands after last year’s tumultuous anti-government protests in Hong Kong that often descended into tear gas-filled clashes.
Walmart teams with ThredUP to sell used clothing online
NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.
Ex-NY subway boss named to head London transit system
LONDON — Former New York subway boss Andy Byford has been named London’s new transit commissioner, overseeing Transport for London’s vast network of Tubes, trams, trains and buses.
[Monitor] Air transport hit hardest by pandemic
The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Apple to reopen about 100 US stores, most with curbside pickup
Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
Taiwan president pledges humanitarian relief for Hong Kongers
Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong.
Trump to announce Hong Kong response this week
US President Donald Trump said on Tuesday the United States was working on a strong response to China’s planned national security legislation for Hong Kong and it would be announced before the end of the week.
America to face the hardest job losses due to pandemic, ILO says
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organisation (ILO) said on Wednesday.
Afghanistan begins freeing 900 Taliban prisoners, urges truce extension
The Afghan government said it was in the process of freeing 900 Taliban members from prison on Tuesday, the biggest such release yet, and urged the insurgent group to extend a three-day ceasefire set to end at midnight.
Riot police shield Hong Kong legislature as protests gather against anthem bill
Hong Kong deployed riot police around the Legislative Council on Wednesday as activists called for protests against a bill to criminalise disrespect of the Chinese anthem, amid soaring tensions over perceived threats to the city's freedoms.
Top executives of Exim Bank 'threatened', National Bank director, brother charged
A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death.
Telangana government undecided on opening of hotels
The Telangana government is still undecided on whether or not to permit opening of restaurants in the State though the hoteliers say that they would ensure social distancing norms
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Telangana govt evacuates 400 AP secretariat employees to state, officials conduct COVID-19 tests
The sudden announcement of lockdown in the wake of the coronavirus has caused the Andhra Pradesh government employees to stuck in Telangana.
Favipiravir drug working better on Covid patients
Hyderabad: City-based pharma firm Raghava Life Sciences Pvt Limited (RLS), which is into API production, on Wednesday claimed Favipiravir antiviral drug has been producing better results in treating...
Why can't private hospitals treat patients free, Supreme Court asks Centre
The Supreme Court on Wednesday asked why the private hospitals, given land free of cost by the government, cannot treat Covid-19 patients for free. It questioned the central government if there is any...
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19
Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
Return of 1 lakh people poses big quarantine challenge for northeastern states
After a huge surge in COVID-19 cases in the northeastern states, specially in Assam, caused by the return of around 1,00,000 people from other states, the region is facing a very big quarantine challenge.
Teaching people to fish
What’s in a number? For some, it means a lot. For others, it reveals nothing. The reality, however, lies somewhere in between.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
445 domestic flights carrying 62,641 passengers operated on Tuesday: Aviation Minister
A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
New warehousing facility to come up at Kothur near Hyderabad
Embassy Industrial Parks, a joint venture between the Embassy Group and Warburg Pincus that is into logistics and warehousing, is in advanced stages of acquiring land near Kothur to develop a warehousing facility, according to a top official.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Russians fix vibration, N-power unit restarts at Kudankulam
The second 1,000 MW atomic power plant of Nuclear Power Corporation of India Ltd (NPCIL) at Kudankulam that was shutdown
India facing its worst recession in current fiscal: Crisil
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday
COVID-19 to accelerate digital adoption in India
COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.
Floor trading resumes at NYSE, with masks and plexiglas
New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.
CM KCR calls for austerity measures
Pointing out that the income from transport, registration and other departments was not something to write about, CM KCR said the State will have to make do with whatever meagre income it was generating
Hyderabad-based firm develops Favipiravir bulk drug
Hyderabad-based Raghava Life Sciences (RLS) said it has developed Favipiravir bulk drug (active pharmaceutical ingredient).
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
Lufthansa bailout 'in Europe's best interests'
German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
Call to halt depletion of Defence Forces
The next government must draw up a six-point plan to reinvigorate the ever-depleting Defence Forces, which are now at their lowest strength for more than 50 years, a former senior army officer has urged.
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
Ryanair calls on State to end ‘ineffective’ quarantine for overseas travellers
O’Leary says Republic should follow other EU countries and lift restriction from July 1st
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
Two coronavirus-related deaths reported in North
Number of fines for breaches of social distancing guidelines drops by 90%
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Coronavirus: What is involved in the EU’s recovery plan?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
Kilkenny-based Entegro creates 50 jobs from broadband contract
Telecoms company will design fibre optic networks for National Broadband Plan
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
Judge rules property fund to pay costs of dispute over warehouse access
Case concerned access to property on Long Mile Road
Man denies contempt of court order to vacate repossessed house
Proceedings by Start Mortgages against Patrick Ryan are adjourned to next month
Property professionals must see technology as an opportunity, not a threat
Over the past 10 weeks, digital platforms have played a key role in sector
Trade from North to Great Britain will be ‘99.9%’ unfettered, says Gove
No pushback from EU on British government interpretation of protocol, minister tells MPs
North Dublin lands with residential potential on sale for €450,000
Swords Road holding of 5.4 acre sits close to housing just off M1
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
What is in the EU’s €750bn recovery plan and how will it affect Ireland?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
Woman wins $127,000 jackpot using money from making face masks
May 27 (UPI) -- An Oregon woman who took up sewing face masks when she was laid off due to the COVID-19 pandemic said the money from her efforts scored her a $127,000 lottery jackpot.
AI robots, automated popcorn dispensers: Cinemas in South Korea go contactless
SEOUL, May 27 (UPI) -- As South Korea continues to loosen its social distancing guidelines amid the COVID-19 outbreak, hard-hit movie theaters are trying to find ways to lure customers back.
Amtrak requests additional $1.5B in federal funding for coronavirus relief
May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Canadian judge OKs U.S. extradition case for Weng Wanzhou to proceed
May 27 (UPI) -- A judge in Canada ruled Wednesday that the United States can continue its fight to extradite a senior Huawei executive arrested in 2018 on conspiracy and fraud charges.
California salons, barbershops allowed to reopen, governor says
May 26 (UPI) -- Hair salons and barbershops in jurisdictions that meet specific health criteria will be allowed to reopen for business, California Gov. Gavin Newsom announced on Tuesday, furthering easing restrictions in the first state to issue sweeping stay-at-home orders.
Boeing sends layoff notices to more than 6,000 employees
May 27 (UPI) -- Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic.
U.S. won't certify Hong Kong's autonomy from China, jeopardizing trade status
May 27 (UPI) -- Secretary of State Mike Pompeo said Wednesday he has officially notified Congress that Hong Kong is in effect no longer autonomous from mainland China.
Newsom: Hair salons, barbershops may reopen in most California counties
May 26 (UPI) -- Hair salons and barbershops in jurisdictions that meet specific health criteria will be allowed to reopen for business, California Gov. Gavin Newsom announced on Tuesday, furthering easing restrictions in the first state to issue sweeping stay-at-home orders.
Retail stores allowed to reopen in city of Los Angeles, Garcetti says
Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
Fauci says 2nd wave of COVID-19 is ‘not inevitable’ in the fall
Dr. Anthony Fauci seems more optimistic regarding the chances of a “second wave” of COVID-19 hitting the US by the fall.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades
By all measures, the coronavirus pandemic has crippled the United States economy: Unemployment is at record highs, lines for food banks circle entire city blocks, and the rate of business bankruptcies has accelerated.
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
Xi Jinping urges China’s army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city’s freedoms
Chinese President Xi Jinping urged his army to increase its preparedness for “armed combat” as protests in Hong Kong ramp up over a proposed new law that would effectively strip away the city’s autonomy.
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic
Tesla has slashed pricing for its Model 3, Model X, and Model S models as the coronavirus pandemic ravages US car sales, as Reuters reports.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
Google is facing a potential antitrust case in India over its mobile payments app, according to a new report from Reuters.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain
Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open.
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the ‘new normal’
A shiny suit and a flashy car used to be the essential tools for estate agents, but now you are more likely to see them with hand sanitizer and a pair of latex gloves.
The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
AT&T launches HBO Max, vying with Netflix, others for quarantine viewing
(Reuters) - AT&T’s WarnerMedia division launches its HBO Max streaming service on Wednesday, taking on Netflix, Disney and Amazon at a time when coronavirus lockdowns have boosted demand for streaming even as rising unemployment has cut disposable incomes.
Hong Kong's China national anthem bill aims to legislate 'respect'
HONG KONG (Reuters) - Hong Kong’s legislature is moving forward on a controversial bill that would criminalise abuse of China’s national anthem.
Ireland may decide next week to speed up reopening plan
DUBLIN (Reuters) - Ireland may next week speed up the reopening of its economy if coronavirus infections remain low, Prime Minister Leo Varadkar said on Wednesday, though its chief medical officer said he was likely to advise against any such move.
China to increase international flights if virus under control: regulator
BEIJING (Reuters) - China’s aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media China News reported on Wednesday, citing the agency’s deputy director, Li Jian.
Climate-friendly almond farmers coax life from drying Spanish soil
ZUJAR, Spain (Reuters) - In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques aimed at bringing new life to the land.
Taiwan president pledges humanitarian relief for Hong Kongers
TAIPEI (Reuters) - Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong.
Sari Baldauf takes over as Nokia chair from Siilasmaa
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Why U.S. energy CEOs will get big payouts despite oil meltdown
BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
Trump offers to mediate 'raging' India-China border dispute
WASHINGTON/NEW DELHI (Reuters) - U.S. President Donald Trump said on Wednesday he had offered to mediate a standoff between India and China at the Himalayan border, where soldiers camped out in a high-altitude region have accused each other of trespassing over the disputed border.
Hong Kong legislature surrounded by riot police ahead of expected protests
HONG KONG (Reuters) - Hundreds of riot police took up posts around Hong Kong’s legislature overnight, as protests were expected on Wednesday over a bill criminalising disrespect of China’s national anthem and against plans by Beijing to impose national security laws.
Saudi-led coalition says it downs Houthi drones launched at Najran
DUBAI (Reuters) - The Saudi-led coalition engaged in Yemen said its forces intercepted and downed drones launched by the Iran-aligned Houthi movement towards the Saudi border city of Najran on Wednesday in the first such incident since late March.
Russia postpones July BRICS summit due to coronavirus
MOSCOW (Reuters) - Russia said on Wednesday it has decided to postpone the summit of the BRICS nations, initially scheduled to be held in St. Petersburg in July, due to the spread of the coronavirus.
Germany can't confirm Merkel will attend G7 in person: spokeswoman
BERLIN (Reuters) - German Chancellor Angela Merkel cannot confirm her physical presence at an envisaged summit of the Group of Seven (G7) in the United States yet, a spokeswoman said on Wednesday, adding that this would depend on how the coronavirus pandemic develops.
France says resumed Brexit talks going badly
PARIS (Reuters) - French Foreign Minister Jean-Yves Le Drian said on Wednesday that Brexit talks, which have resumed following an interruption caused by the coronavirus crisis, were not going well.
Swiss aim to restore free movement within Schengen zone by July 6
ZURICH (Reuters) - The Swiss government wants to restore free movement of people with other Schengen zone member countries by July 6, it said on Wednesday, further easing restrictions on public life as the novel coronavirus outbreak shows signs of ebbing.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
Hyundai Motor Group to get electric vehicle batteries from LG Chem
SEOUL (Reuters) - Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its upcoming new electric vehicles, a group spokesman said on Wednesday.
Trump to announce Hong Kong response this week
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday the United States was working on a strong response to China’s planned national security legislation for Hong Kong and it would be announced before the end of the week.
Tesla cuts prices by as much as 6% in North America to boost demand
BEIJING (Reuters) - Tesla Inc (TSLA.O) has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Zimbabwe's coronavirus cases double in a day to 132: government
HARARE (Reuters) - The number of coronavirus cases in Zimbabwe has more than doubled to 132 over the past 24 hours, a government spokesman said on Wednesday.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
South African mines record 320 COVID-19 cases ahead of lockdown easing
JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
China expands scope of Hong Kong security legislation: media reports
HONG KONG (Reuters) - Beijing has expanded the scope of draft national security legislation to include organisations as well as individuals, media reported on Wednesday, a move that is likely to exacerbate concerns over freedoms in the financial hub.
Exclusive: U.S. preparing criminal indictment against wife of Venezuela's Maduro - sources
CARACAS/WASHINGTON (Reuters) - The United States is preparing to charge the wife of Venezuelan President Nicolas Maduro in coming months with crimes that could include drug trafficking and corruption, four people familiar with the case told Reuters.
Niger lost $120 million in arms deals over three years: government audit
NIAMEY (Reuters) - Almost 40% of the $312 million Niger spent on defence procurement contracts over the last three years was lost through inflated costs or materiel that was not delivered, according to a government audit of military contracts seen by Reuters.
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Colombia inter-city bus drivers demand to return to work
BOGOTA (Reuters) - Drivers of inter-city bus services in Colombia protested on Wednesday to demand the government let them return to work after two months of quarantine aimed at stopping the spread of the novel coronavirus.
Nokia veteran Sari Baldauf takes over as 5G battle rages
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Factbox: Key climate spending in EU's 'green recovery' plan
BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.
Stranded overseas, Chinese vent anger on aviation regulator
BEIJING (Reuters) - Chinese citizens, stranded abroad after the coronavirus pandemic caused thousands of flight cancellations, are taking their anger out on China’s aviation regulator.
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
MGM Resorts to re-open its Las Vegas casinos on June 4
(Reuters) - MGM Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions aimed at curbing the spread of the novel coronavirus.
Tech reboot in store for EU as plans recovery from crisis
BRUSSELS (Reuters) - From ramping up 5G’s rollout to exploiting its data, the European Union is turning to technology to help it bounce back from the coronavirus crisis and compete better in key areas with the United States and China.
Malaysia's Axiata to pick two 5G vendors, in move that could curb reliance on Huawei
KUALA LUMPUR (Reuters) - Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Kenya rolls out testing in Nairobi slums, but some fear stigma
NAIROBI (Reuters) - Kenya is rolling out voluntary public testing for the novel coronavirus in its biggest slum, where some residents say being declared virus-free boosts their chances of getting a job.
Factbox: Renault and Nissan's plan to rebuild their alliance
TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
Roche, Novartis highlight intensifying rivalry in eye disease, MS
ZURICH (Reuters) - Swiss drugmakers Roche and Novartis underscored how their portfolios are increasingly clashing on the commercial battlefield, announcing on Wednesday new data on drugs aimed at capturing market share from each other.
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Disney to present reopening plan for Walt Disney World
LOS ANGELES (Reuters) - Walt Disney Co will present its proposal for a phased reopening of its Orlando, Florida, theme parks to a local task force on Wednesday, the company said in a statement.
'Mothership' office on horizon but don't write off London, says Canary Wharf boss
LONDON (Reuters) - The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said.
Exxon shareholders soundly reject splitting CEO/chairman roles
(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
U.N. nuclear watchdog plans delayed board meeting because of coronavirus
VIENNA (Reuters) - The U.N. nuclear watchdog’s 35-nation board plans to hold next month’s quarterly meeting a week later than originally planned and mainly by video link because of the coronavirus pandemic, the board’s chairwoman told member states on Wednesday.
Exclusive: Google faces antitrust case in India over payments app - sources
NEW DELHI (Reuters) - India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.
Merkel insists on basics as states take bigger role in virus controls
BERLIN (Reuters) - Chancellor Angela Merkel has conceded more responsibility to Germany’s 16 states for tackling the coronavirus epidemic, but insisted that social distancing and mask-wearing were needed to avoid a new wave of infections.
Frankfurt Book Fair to go ahead on schedule in October
FRANKFURT (Reuters) - Frankfurt’s annual book fair - the world’s largest - will take place as scheduled in mid-October, its organisers said on Wednesday, a sign of some return to normality amid the coronavirus pandemic.
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
Quest Diagnostics offers U.S. employers coronavirus testing as workers return
(Reuters) - Quest Diagnostics Inc on Wednesday started offering blood tests, temperature monitoring and other tailored services to U.S. employers as they attempt to reopen factories and offices after months under coronavirus-led lockdowns.
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
PM takes Brexit decisions, Cummings does not give instructions: UK negotiator
LONDON (Reuters) - British Prime Minister Boris Johnson takes the main decisions on Brexit policy and his senior advisor Dominic Cummings does not give instructions on negotiations with the European Union, the UK’s chief negotiator David Frost said on Wednesday.
Croatia welcomes tourists braving coronavirus crisis
KRILO-JESENICE, Croatia (Reuters) - A few intrepid European tourists have returned to Croatia’s picturesque Adriatic coast, where the owners of yachts and campsites are hoping their relative isolation will bring the numbers up over the next six weeks.
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19
(Reuters) - Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.
Italy PM meeting with allies fails to break Atlantia deadlock
ROME (Reuters) - A meeting between Italy’s Prime Minister Giuseppe Conte and coalition allies on Wednesday to try settle a row over Atlantia’s motorway business yielded no progress, two government sources said.
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Amazon in advanced talks to buy self-driving startup Zoox: WSJ
(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.
Disney plans to reopen Walt Disney World starting on July 11
(Reuters) - Walt Disney Co (DIS.N) plans to reopen the world’s largest theme park, Walt Disney World, in phases beginning on July 11, if the governor of Florida approves.
EU keeps defence fund alive with 8 billion euro proposal
BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
Irish coronavirus reproduction rate falls
DUBLIN (Reuters) - The average number of people in Ireland infected by someone who has tested positive for the new coronavirus has fallen to 0.4 to 0.5 in the first set of data taking account of a gradual easing of restrictions, Health Minister Simon Harris said on Wednesday.
U.S. considering suspension of Hong Kong's special tariff rates: sources
WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.
UK PM Johnson to go to Brussels next month for Brexit talks: The Times
(Reuters) - British Prime Minister Boris Johnson will resume Brexit talks in Brussels next month, the Times newspaper reported on Thursday.
CATL explores new EV battery services, to add capacity: chairman
BEIJING (Reuters) - China’s top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
Moderna rally loses steam over COVID-19 vaccine worries
(Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc (MRNA.O), fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Georgia to reopen all shops, cafes, resume public transport before June 8: PM
TBILISI (Reuters) - Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said on Wednesday.
French consortium steps up plans for saliva-based COVID-19 screening test
PARIS (Reuters) - A French consortium said on Wednesday that it was stepping up its previously announced plans for a saliva-based screening test to detect COVID-19, by joining up with medical laboratory and diagnostics group INOVIE.
Lockdown Barber Shops Ordered to Close by Trading Standards
A war led by the BBC on barber shops caught defying the lockdown to offer haircuts has ended, after the local trading standards department ordered the closing of around 20 rule-flouting hairdressers.
Court of Appeal Rejects Multichoice’s Appeal on Sale of Locked Set-Top Boxes
Subscription television service providers will no longer lock out competitors from using their set-top boxes to broadcast content, reports The Standard. This is thanks to a judgment that was passed by Court of Appeal judges where they threw out MultiChoice Limited’s appeal which challenged the High Court’s judgment on the sale of locked set-top boxes. Justice […]
Xiaomi Will Stop Making 4G Smartphones By The End Of 2020
Xiaomi will stop making 4G smartphones by the end of 2020. This is something the company’s CEO confirmed in a recent interview. Lei Jun was interviewed by
The Kasa 3-Way Smart Switch Works With Google Assistant & Alexa, Now Just $40
Amazon has the Kasa 3-Way Smart Switch on sale right now for just $40. That is going to get you two of these smart switches, which is going to allow you
Brits will be able to host small outdoor gatherings next month and kids can FINALLY see their grandparents
Ministers are currently discussing new measures
Sporton busy fulfilling orders for inspecting 5G sub-6GHz chips, handsets
Taiwan-based Sporton International has been busy fulfilling orders from MediaTek for testing and certifying its 5G sub-6 GHz mobile SoCs as well as orders from Chinese handset vendors for inspecting their 5G smartphones to help them win approvals from international verification organizations, according to industry sources.
Raising IC self-sufficiency increasingly difficult for China
US vendors remain dominant players in the global front-end semiconductor equipment market segment, which will be a critical factor blocking China's ambition of raising self-sufficiency for ICs, according to industry observers.
Chang Wah to double QFN leadframe capacity in 2020
Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.
Largan sells China plant
Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.
Server PCB makers see bright shipment prospects for 3Q20
Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.
Hong Kong’s China National Anthem Bill aims to create ‘respect’
HONG KONG (Reuters) – Hong Kong’s legislature is moving forward on a controversial bill that would criminalise abuse of China’s national anthem.
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
$5,250 in fines for DIY plumbing
News from Plumbers Gasfitters and Drainlayers Board Property owners are again being warned not to fall into the trap of using unlicensed people to conduct restricted sanitary plumbing work on renovation projects.
Grants diversified for community and creative groups during lockdown
News from WCC Community and creative groups have had to adapt and diversify during Covid-19, which was reflected in the applications for funding approved by Wellington City Council this week.
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
India: Largest Private Port Operator Partners TradeLens to Deploy Blockchain in SCM
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator has partnered with blockchain-powered digital container logistics platform TradeLens to optimize its port operations and improve supply chain management (SCM).
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
40 villagers killed in massacre in northeast Congo
Suspected Islamist militants have killed at least 40 people in northeastern Congo, a rights group said on Wednesday, the latest in a wave of attacks against civilians in the mountainous jungles near the Ugandan border. Fighters from the Allied Democratic Forces (ADF) group, which was driven out of Uganda in…
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
Canadian court rules against Huawei exec fighting extradition
Chinese Huawei executive Meng Wanzhou was dealt a legal setback Wednesday when a Canadian judge ruled that proceedings to extradite her to the United States will go ahead. The decision on so-called double criminality, a key test for extradition, found that bank fraud accusations against Meng would stand up in…
Samsung Money is the company's Samsung Pay linked debit card
Samsung has provided more details about its Samsung Money debit card program for which it has partnered with SoFi and Mastercard. The debit card will be available in the U.S. from later this summer.
UK: EE launches 5G plans with Reserve Data and BritBox option
EE has announced the availability of Smart, Essential, and Smart SIM 5G plans. The company has also made the BritBox streaming service available as a Swappable Benefit on Smart plans.
Google may face an antitrust case in India over the unfair promotion of its payment apps
India's antitrust body Competition Commission of India (CCI) has filed a case against Google a few days back. CCI is investigating Google's practice of promoting Google Pay app on the Play Store.
Canadian court arrives at decision for Huawei's CFO, Meng Wanzhou
In December 2018, Meng Wanzhou, Huawei's CFO, was arrested in Canada at the request of the United States. Today, a court in Canada has finally made its decision about what should happen.
Tesla reduces car prices in North America and China
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
Youth Online Businesses Face Closure as Govt Demands Fees
Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...
Five key updates from the Gaming Control Board for reopening casinos
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
Changing marquees at MGM hotels signal Strip’s reopening
Signs of casino reopenings started to appear Wednesday on the Las Vegas Strip as MGM Resorts International and other companies prepared to begin operations again.
Regulators update health, safety directives for casino reopenings
As promised Tuesday at a Gaming Control Board workshop meeting, regulators have updated the health and safety policies for reopening casinos June 4.
Las Vegas casino reopening ‘major milestone’ for city, industry
While not all properties in the state will take advantage of the initial opening date, several operators said they’re excited to open their doors to guests.
'Our greatest challenge': How to rebuild the ACT's virus-struck economy?
As business start to reopen and the ACT takes its first tentative steps on the road to recovery, The Canberra Times canvassed the views of politicians, academics, economists and industry groups on the best approach to rebuilding the economy.
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
ATO flags regional office closure
The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.
PM gives Murrumbateman hot chocolate the thumbs up
Robyn Rowe Chocolates is a hidden piece of decadence just over the northern border of the ACT
Coronavirus: Kerala criticises Centre for sending trains without prior information
State’s finance minister Thomas Isaac alleged that the railways ‘want to be the super spreader’ of the Covid-19 infection in the state.
Coronavirus: Most viruses, germs don’t spread on flights, says US public health agency
The Centers for Disease Control and Prevention also said that physical distancing is difficult on flights which may increase a passenger’s risk to Covid-19.
Covid-19: ICMR removes Rs 4,500 price cap for tests, states free to fix cost now
The decision was taken due to availability of indigenous testing kits and other supplies in India now.
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
Beyond food rations: Six ways India can ensure nutrition security for its most vulnerable people
The country has adequate stockpiles of foodgrain. But how can it ensure a varied diet for its people during this crisis?
IndiGo grounds crew for 14 days after passenger on Chennai-Coimbatore flight tests Covid-19 positive
This is the first case of a passenger testing positive after domestic flight services resumed on Monday.
Ministry boosts Khomas agriculture
THE Ministry of Agriculture, Water and Forestry has donated breeding stock to vulnerable communities in Khomas to generate income and ensure food security.
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
Govt fails on buy local directive
NGHINOMENWA ERASTUS and LAZARUS AMUKESHETHE Agro-Marketing Trade Agency has challenged the government and its agencies to lead by example in implementing its directive to procure locally
States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -
Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,
Consumer Protection Act can Provide Relief to the Victims of Chaos in Labor Special Trains -
Laborers and students traveling by Shramik Special trains are facing many difficulties in traveling. In the train ran to Gorakhpur
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
What We Are Reading Today: Playbooks and Checkbooks by Stefan Szymanski
What economic rules govern sports? How does the sports business differ from other businesses? Playbooks and Checkbooks takes a fascinating step-by-step look at the fundamental economic relationships shaping modern sports.
Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output
MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.
Using the cloud ensures business continuity in crisis
Business leaders dedicate the bulk of their time to strategizing for growth and longevity by equipping their organizations with the data and technology required to get things done smarter and faster. However, as is often the case, one small crisis like a security breach or a natural disaster can significantly compromise your business data and disrupt business continuity. To
State hosts forums for businesses planning to reopen
State officials have planned a series of virtual forums this week for the owners and operators businesses that will be allowed to reopen next week as Rhode Island's economic restart continues.
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe
Los Angeles County reopens in-person shopping, worship
California moved to further relax its coronavirus restrictions and help the battered economy on Tuesday by permitting barbershops and hair salons to reopen while Los Angeles County, moving more cautio
Swarms of desert locusts threaten India's summer crops
An invasion by swarms of desert locusts has devastated crops in India's heartland, threatening an already vulnerable region that is struggling with the economic cost of coronavirus lockdown.
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Why Trump must suspend temporary worker programs
Immigration is fundamentally a labor issue, and given the employment situation the country needs to rethink the current policy of allowing in very large numbers of foreign workers.
Jack Link's Snacks worker dies of COVID-19 in South Dakota
An employee at a Jack Link's Protein Snacks plant in South Dakota died after contracting COVID-19, the company reported Tuesday.
Company completes 1st overland fiber-optic cable from Alaska
An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
More people are dining out as states reopen — but don’t expect more activity until there’s a coronavirus vaccine and Americans are putting off medical care due to coronavirus fears
Wednesday’s top personal finance stories
Apple is reopening more stores, but online progress also sparks optimism
Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...
Amazon in talks to buy driverless-technology startup Zoox
Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology.
Amtrak set to cut up to 20% of workforce by October
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Integral to Provide Workflow Automation to Velocity Trade
Integral announced that it has been selected by Jefferies’ TrueFX trading network, Velocity Trade, to update its workflow automation and trading technology.
Coinbase Buys Tagomi to Boost Institutional Trading
Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
GCEX to Use Koine Custody and Settlement Service
Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.
Air India allows rescheduling for bookings between March 23 and May 31
The national carrier has informed that there will be no extra rescheduling charges applied for this…
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
Air France agrees to cut many domestic flights
The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…
Oman Air takes additional pandemic safety measures
Cabin crew will wear disposable full-body personal protective equipment (PPE) including mask, face shield and gloves over their uniforms…
All Nippon Airways delays delivery of final Airbus A380
The final Airbus A380 would have joined ANA’s two other A380s which were flown on its Tokyo to Honolulu route
Trump offers to mediate between India and China
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Over 3500 Shramik Special trains carrying over 48 lakh passengers organised till date: Railway Ministry
The Ministry of Railways on Wednesday informed that over 3,500 Shramik special trains have been originated till now by Indian Railways carrying more than 48 lakh passengers to various destinations.
Lockdown 4.0: Here's a proposed map for the state government to reopen Mumbai
Risk of infection remains and its spread cannot be contained but one has to learn to live in a new environment.
Radical steps for protection of migrant labour; best way to push demand and employment opportunities
Our capitalist-feudal system views labour as a factor of production and not human beings.
Xi Jinping orders Chinese military to scale up battle preparedness
Chinese President Xi Jinping on Tuesday ordered the military to scale up battle preparedness, keeping in mind the worst-case scenarios.
Trump says evidence ties China lab to virus, threatens tariffs
Trump is increasingly making Beijing's handling of the outbreak a major issue for his November re-election campaign.
Virus sparks record drop in energy investment: IEA
All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
What will downtown Kampala look like post-COVID?
The multitude of trucks, boda bodas, human traffic and bustling business that populated this part of Kampala were gone.
Air Canada to resume flights to Phoenix in August
After nearly a month of closures due to the Covid-19 pandemic, Air Canada has resumed flights to and from the United States, with service to Phoenix Sky Harbor International Airport set to resume in August.
Valley company starts production on Sheriff Joe Arpaio TV docu-series
Former Maricopa County Sheriff Joe Arpaio will be the subject of an upcoming TV docu-series, which will look at his life and the controversies around his 24 years as sheriff.
Banner Health invests in firm that gained attention as domestic PPE manufacturer
Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
Swarms of desert locusts threaten India’s summer crops
NEW DELHI (AP) — An invasion by swarms of desert locusts has devastated crops in India's heartland, threatening an already vulnerable region that is struggling with the economic cost of...
House casts proxy votes in pandemic, Republicans have doubts
WASHINGTON (AP) — It was a day for the history books on Capitol Hill: For the first time, House lawmakers voted by proxy, an unprecedented move to avoid the risks...
Job losses continue to mount in US despite reopenings
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...
Trump threatens Twitter over fact checks: What’s next?
OAKLAND, Calif. (AP) — Twitter has taken the unprecedented step of adding fact-check warnings to two of President Donald Trump’s tweets that falsely called mail-in ballots “substantially fraudulent” and predicted...
Unity is a Good Thing, but Unity in Subjection?
Naked coercion, as India was experiencing, is an expensive affair for the rulers. Even for them it is a painful and nerve-shaking ordeal, and they know well that ultimately it weakens their foundations. It exposes continually the real character of their rule, both to the people coerced and the world at large.
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
Podcast: How can designers help brands drive rapid digital change?
Design Week caught up with Studio Output creative director Johanna Drewe and Resn creative director Simon Jullien to find out.
Drone service launches in US to deliver medical supplies by air
Drone start up Zipline has collaborated with a health network in North Carolina to deliver much-needed medical supplies to medical centres.
EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'
The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...
Boeing Cuts Jobs for 12,000 Workers in the US
Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...
Lending a Hand: Pornhub Donating to 10 Charities to Mark 10 Million Followers on Instagram
The world's biggest porn site is also aiming to be the world's most generous one. Pornhub has cropped up since the start of the pandemic, donating to coronavirus...
Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK
As the United Kingdom looks to revive its economy as it emerges from the coronavirus pandemic and pursues trade agreements after formally withdrawing from the European...
“Pick for Britain” is a Smoke and Mirrors Campaign – Political Commentator
According to reports, the British economy could be set to suffer a five percent annual deficit by 2024, as a result of the coronavirus pandemic. Unemployment rates are...
UK Refuses to See Fisheries as Bargaining Chip After EU Signals Concessions in Brexit Talk
The EU has indicated its willingness to ease its stance on fisheries in the Brexit talks and reach a compromise, Reuters reported on Tuesday, quoting sources within the...
Third Iranian Tanker Arrives in Venezuela Under Escort of Bolivarian Navy – Photos
The tanker is one of five Venezuela-bound Iranian vessels making their way to the Latin American nation to ease a gasoline shortage caused by crippling US sanctions.
Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source
MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...
Nord Stream 2 Operator Says Sanction Threats Are Discrimination Against European Companies
MOSCOW (Sputnik) - Threats to impose sanctions against the Nord Stream 2 gas pipeline project are discrimination against European companies, the project operator, Nord...
US-Canada Team Locates Fuselage of Lost Military Helicopter, Crew Remains
TORONTO (Sputnik) - A joint US-Canadian recovery team has located the remains of Canadian crew members and a piece of the fuselage from a military helicopter lost in...
US Reportedly Poised to Strip Hong Kong of Preferential Tariff Rates Amid Rising Tensions With China
US Secretary of State Mike Pompeo stated that Hong Kong no longer warrants the same kind of treatment under the US laws in the same manner as said laws were applied to...
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Russian Defence Contractor Reveals Dates of Airborne Missile and Cluster Glide Bomb Delivery
MOSCOW (Sputnik) - The serial delivery of Russia's new Broneboyschik (armour piercer) air-launched missiles to the country's army is planned for 2021, documents for...
SCO Summit, Scheduled for 22-23 July in St. Petersburg, Postponed, Source Says
MOSCOW (Sputnik) - Russia has decided to postpone the summit of the Shanghai Cooperation Organization (SCO), it could be held closer to the fall, a high-ranking source...
John Lewis unveils plans to reopen department stores from June 15
It is part of a phased reopening - but some stores are expected to remain shut.
Can coronavirus survive on fabric?
With clothing stores getting ready to reopen in the UK, is it safe to be handling clothes during the pandemic?
Presses start rolling as weekly newspapers prepare to publish again
THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
Freight companies 'on their knees and will fail' due to coronavirus pandemic
Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.