Economy 2366
The Regulatory State Is Failing Us
Tyler Cowen suggests how to address some of the biggest obstacles to fighting COVID-19.
Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions
Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.
Has online grocery shopping peaked?
Americans, it turns out, would rather visit a store than buy food online.
PIC CFO suspension extended as disciplinary clears her of Ayo charges
Board says it will be
Rand falls, focus on Trump’s Hong Kong response
In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.
Concern over worker safety grows
As employers fail to comply with Covid-19 regulations. From June 1 most of South Africa's industries can return to full operation.
Airline success is not just about profitability
It's about delivering on shareholder objectives.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
Food aid needed for Africa’s hungry strained by Covid-19 crisis
'Even if we help as many as we can, there’s always more to be done.'
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
South African Airways administrators seek more time for rescue plan
If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.
World’s biggest lockdown to push 12m into extreme poverty in India
India’s 50-day shutdown brings misery as virus numbers surge.
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
Two-Mile-Borris' Blackcastle Farm sausages for Aldi from this Sunday
The amazing 1% fat beef sausages will be on sale from this Sunday for a week as part of Aldi Grow project
Planning approval sought for higher density housing estate in Clonmel after An Bord Pleanala’s rejection of application for less homes
A new planning application for the former Eircom site on Clonmel's Thomas Street is seeking permission to build close to double the number of dwellings of a previous proposal for the land that was &nb...
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
TikTok is becoming less Chinese, more American
ByteDance has expanded TikTok's decision-making and research capabilities to California
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
North Korea accuses US of hurting its image with cyber threat warning
Washington renewed accusations last month that Pyongyang was responsible for malicious cyber attacks
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
Court issues non-bailable arrest warrants for Nawaz Sharif
Hearing has been adjourned till June 11
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry
Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields
Indian manufacturers hail end to export curbs on paracetamol APIs
India has the capacity to export 4,000 metric tonnes of paracetamol APIs every month
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
'Travel only if essential': Railways appeals to passengers as coronavirus spreads
The appeal from Indian Railways comes days after nine people reportedly died on-board Shramik Special trains being run for ferrying stranded migrants in parts of the country in the wake of coronavirus-induced lockdown
Trump signs an executive order about social media platforms
Days after Twitter added 'fact check' to two of US President Donald Trump tweets, calling them 'potentially misleading', the latter has signed an executive order about social media platforms. The order is aimed at limiting the broad legal protections enjo
Coronavirus: China mulls extending restrictions on international flights until June 30
The U.S. Transportation Department said in an order published on a U.S. government website that Delta Air Lines and United Airlines want to resume flights to China in June
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?
The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21
Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data
GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
Coronavirus India Live Updates: Delhi records 1,106 cases in one day as tally tops 17,000
Coronavirus in India: The nationwide tally also reached 1.65 lakh today; Delhi Health Minister Satyendra Jain says the govt believes places where large gatherings take place should be closed in lockdown 5.0
India's lockdown strictest; economic impact to be deeper than other countries: Jefferies
A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN
Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University
India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis
India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
Punjab CM seeks cash transfer for poor people
Punjab Chief Minister Capt Amarinder Singh on Thursday demanded that the Centre give Rs 10,000 to the poor and provide financial assistance to small and medium enterprises to resume operation. In a video message as part of the Congress party's ''Speak Up India'' campaign, the CM said, "We want the
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
Rural public to get ownership of own plot
Now the rural public can enjoy the ownership of their own plot. The villagers will get the records of their rights after the survey of the rural settlements in the State. Property registers will also be prepared at the panchayat level from the database prepared under the scheme for the benefit of
Bansal terms Modi-2.0 anniversary big zero; launches ‘zero hour’
Former Union Minister Pawan Kumar Bansal while launching a social media program called "zero hour", termed the first year of Modi-2.0 government as a big zero. Bansal said, the work of the government seems limited to just two slogans -‘ache din’ and ‘atamnirbhar’- while the people
Blast furnace workers produce hot metal amid pandemic
Even in the difficult times of the Covid-19 epidemic, there has been no let down in the spirit & enthusiasm of BSL blast furnace personnel. This team, which plays an important role in making hot metal in the steel production process is still playing crucial role in production by taking care of
Defence Minister Rajnath Singh talks to US Secretary of Defence Mark Esper over telephone
Defence Minister Rajnath Singh had a telephonic conversation with US Secretary of Defence Mark T Esper on Friday evening at the latter’s request.
US to announce ‘certain decisions’ on China today: Donald Trump
In the past few weeks, Trump has been very critical and vocal of China’s inability to control the spread of the novel coronavirus within its territory.
Ministry of Health refuses to reveal money spent on COVID-19 equipment
Mumbai-based RTI activist Anil Galgali had filed an online application on the central government's portal seeking to know steps taken by it to control the spread of COVID-19, name of equipment and material purchased for the purpose and the amount spent on them.
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
Need to scale down domestic flights to contain Covid-19: Punjab health minister
Presiding over the review meeting of health department, Sidhu said that most of cases reported in Punjab are having the travelling history from other states and countries so as to prevent the community spread level, there is need to put focus on passengers especially coming from high risk states and countries.
Now Punjab to seek trains to bring back migrant workers
Even as over 4.84 Lakh migrant workers have returned from Punjab to their native states, the state government now intends to seek trains to bring back.
India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20
India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.
Land acquisition to be made easier in Uttar Pradesh
Continuing his efforts to promote industrialisation in the state, Uttar Pradesh Chief Minister Yogi Adityanath has now issued directions to amend.
HEC Paris in Qatar to run online information session
HEC Paris, will be running an online information session about its degree programs on Wednesday, June 3, from 4pm to 5pm, Qatar time. During this session, prospective participants can meet HEC Paris in Qatar admissions team remotely to learn more about accelerating their career path by studying in one of the world’s most prestigious business schools.
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
Latest on the worldwide spread of the coronavirus
While several countries further relax restrictions designed to contain the coronavirus, with Italy and England due to restart their top-flight soccer leagues next month, Russia, Brazil and Mexico kept struggling with rising numbers of cases and deaths.
Locust control operations continue, no crop loss reported: Centre
Locust Control Offices (LCOs) on Friday conducted control operations at 15 locations in Rajasthan and Madhya Pradesh, the Union Agriculture Ministry said, adding that no crop loss was reported.
Industry cries foul over Mahavitaran's new billing system
An industrial unit from Sangli whose consumption was 7595 units in March under new system received a bill for 37,650 units and got five times bill.
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
Work from home set to become new norm for BPO sector
WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
Britain’s biggest solar farm – the size of almost 1,000 football pitches – gets green light in Kent countryside despite fears it will harm the local area
The £450million project Cleve Hill solar park will be capable of generating enough electricity to power more than 91,000 homes through producing 350 megawatts.
SaskTel will continue to waive data overages until June 8
Starting June 9th, SaskTel says it will begin charging overage fees again. However, people's data caps should reset that day as well.
SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic
SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
EU weighs China policy amid concern over Hong Kong moves
The ministers, holding talks via videoconference, are weighing the need for firm policy against the damage that it might do to business ties between the Asian economic giant and the world's biggest trading bloc.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco
Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.
State-specific solutions needed for discoms’ problems: PM Modi
Prime Minister Narendra Modi said the Union power ministry should try and put in place state-specific strategies to improve their performance.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
Banks free to do due diligence on guaranteed MSME loans
Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
Vande Bharat Mission: Stranded Indians start returning from South America and Africa, Indian Navy reaches Madagascar with supplies
Around 300 Indians returned from far away countries in South America including Mexico, Argentina, Paraguay, Peru, Belize, Guatemala, Honduras, and Portugal.
Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place
The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.
Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
White House punts economic update as US election draws near
While the economic forecast is being delayed, updated information about the nation's budgetary situation will still be released as expected this summer.
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
With rooms, flights going empty, here’s how airlines and hotels are making money
Two of the worst hit sectors due to coronavirus -- aviation and hotel industries -- are eyeing alternate revenue streams as lockdown dries up revenues.
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
Lack of adequate funds, labour among challenges faced by projects in India: Survey
Promoters in the Indian projects fraternity find getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown.
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
Yogi Adityanath announces jobs for 11 lakh migrant workers, labourers; UP govt inks pact with industry
Yogi Adityanath said that he has received a list of 11 lakh migrant workers and labourers from bodies such as India Industries Association and FICCI and they have assured to absorb a huge labour force into the industry.
Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore
With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.
FSDC meet: Govt, regulators to step in with more liquidity measures
Both the Centre and the regulators have stepped up focus on “avoiding a prolonged period of dislocation in financial markets”, the council added.
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena
The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
CIL’s coal allocation under e-auction for non-power sector up 3-folds in April
Coal India Ltd (CIL) had allocated 1.20 MT of dry fuel to the sector under the scheme in April 2019, as per latest government data.
GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision
Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
Relief for migrant labourers: Too late, too little
The govt’s measures for migrant workers won’t be of much effect. We must consider basic income transfers, otherwise we risk starvation due to indifferent public policy responses
UP amends revenue code, simplifies land acquisition process to expand land bank for industries
It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under the Land Acquisition Act 2013.
IOCL Recruitment 2020: Deadline for online application for engineers, graduate apprentice extended; Details
The recruitment of engineers/officers or engagement of graduate apprentice engineers (GAEs) would be done through the Graduate Aptitude Test in Engineering (GATE) 2020.
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Locust danger for flights! DGCA issues guidelines for pilots and airlines; Check details
Terming this year's incident of locust attacks "highly unusual" which was last seen 20 years back, the aviation regulator has advised the pilots to be mindful of locust attacks during the landing and take-off of the aircraft as they fly close to the ground.
RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank
The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action
KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
‘One Sun One World One Grid’: India initiates talks on West to SE Asia solar grid
The idea is to utilise solar power when the sun is not shining in other parts of the world by building a common transmission system.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.
Daiichi Sankyo case: Singapore’s SC dismisses Singh brothers’ plea
In a big setback to former Ranbaxy promoters Malvinder Singh and Shivinder Singh, the Supreme Court of Singapore has dismissed their appeal seeking quashing of the Singapore High Court’s order that upheld the Rs 2,500-crore arbitration award in favour of Japanese pharma major Daiichi Sankyo.
New PPA after 5 years: Madhya Pradesh approves pact with Adani Power
After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP), a unit of Adani Power.
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer
India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters
FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive
Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
Covid-19 crisis: UP sees sense on migrant workers, Maharashtra should too
A shortage of workers in one state or another could result in a spike in wage costs, throwing the economics of manufacturing or construction out of gear.
Covid-19 crisis and India’s next government
The Covid crisis has politicised a new crop of leaders who are young, smart, and committed to the country
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
New comprehensive I-T form to come in handy for taxman
Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.
Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat
Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.
RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.
‘Seed scam’ in Punjab: Harsimrat writes to Union Agriculture minister, seeks probe by central team
Harsimrat Kaur Badal wrote to Tomar alleging that a massive seed scam had been detected in Punjab, which besides affecting the livelihood of farmers in the neighbouring states, could also have a pan-India ramification.
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
Indian Railways says ready to run trains for migrants on states’ demand; 3,840 Shramik trains run till May 28
According to Yadav, in the last week itself on an average as many as 3 lakh migrants have been transporetd through trains on a daily basis.
RBI imposes Rs 4 crore penalty on Citibank; here’s why
The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Corona cess on liquor: Delhi HC seeks detailed reply from Kejriwal government
The Delhi government, in its earlier affidavit, has opposed the petitions which have challenged a May 4 notification levying a 'special corona fees' on liquor in the national capital.
UP’s economic activity returning to normalcy; here’s what industrial power demand data shows
After two successive months of depressed economic activity, industrial power consumption in UP, this week, crossed 90 per cent of the average consumption recorded in February.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
Odisha unveils Rs 17,000-cr plan to support people’s livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%
Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.
Niti Aayog suggests slew of steps to make India’s exports competitive
The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.
Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom
The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.
India-China standoff: PM Modi had no recent conversation with US President Donald Trump, say govt sources
The clarification came hours after Trump said in Washington that he had spoken to Modi and that the Indian prime minister is not in a "good mood" over the "big conflict" between India and China.
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
Amazon sellers are marking products as ‘collectible’ to get around price gouging rules
Thousand-dollar "collectible" dumbbells and hot tubs.
What does Tesla slashing car prices really mean for the company?
Sales of all autos, generally, tanked in the last two months
Lockdown 5 – Still no respite to the common man’s plight
The lockdown is going to extend further for 5th time, people have already gone hopeless and clueless, and no one knows where to go from here
Paris-based Neobrain snaps up €3 million to support employees during change
French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
'No cards left': Hong Kong residents sell up and search for way out as China cements grip
Web searches for emigration rose ten-fold after news came through about China’s approaching national security laws
The coming recession is the best reason to step up the pace of renewables investment
It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now
The Guardian view on wage subsidies: unemployment costs too
Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise
British Airways may outsource work of 450 redundant employees
Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3
The daily business briefing: May 29, 2020
Another 2.1 million Americans file unemployment claims, Trump signs an executive order targeting social media, and more
An economic turning point for Europe?
The coronavirus may finally shock the continent out of its austerity mindset
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued
Sebi seeks time to file counter in High Court on PIL against Franklin MF
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
CIL's coal quota under e-auction for non-power sector up 3-folds in Apr
The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants
UP signs MoUs with industry bodies to create 1.1 million jobs for migrants
The migrant workers will lay the foundation of New UP, says CM Adityanath
Power minister R K Singh asks Rs 3 trillion from finance commission
The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
Lockdown in India: Seriously ill, pregnant women must avoid train travel
Piyush Goyal tweeted, "I appeal to people suffering from serious ailments, pregnant women & those above 65 years & below 10 years of age to travel only when necessary
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare
Here's a look at the top stocks that may remain in focus today
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD
Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6
CBI files preliminary enquiry against Tablighi Jamaat over FCRA violations
The action by the CBI comes a day after the Crime Branch of the Delhi Police filed 12 fresh chargesheets naming 541 foreign nationals in connection with the Tablighi Jamaat case
China to ban pork imports from India to 'prevent swine fever': Report
According to the daily, India reported its first case of ASF in both domestic pigs and wild boars in Assam earlier this month
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara
Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
At 6.1%, growth in per capita income slows: Explained in numbers
The growth in per capita income has been coming down for 3 years.
Tamil Nadu CM to invite 13 prominent tech companies to invest in state
The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Govt is looking at starting home delivery of petrol, CNG: Pradhan
Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
World coronavirus dispatch: The UK-NZ-Germany success, and Korea's haste
From carmaker Renault laying off 14,600 people, to S&P's downgrading Rolls-Royce to junk, and the third type of coronavirus transmission - read these and more in today's world dispatch
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
UP CM Adityanath asks officials get ready to deal with locust attacks
The local residents and farmers have been enlightened on the subject, while the village level committees and bodies have been mobilised to make a coordinated effort against the threat
US to announce 'certain decisions' on China on Friday: Donald Trump
"It's a very sad situation. It should have never happened. China should have stopped it at the source, but they didn't do that," Trump says
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
US restaurants concerned over sales losses due to capacity constraints
A survey of 2,500 US consumers conducted this month found that three-quarters planned to avoid restaurants or dine out less frequently, according to Wall Street firm Cowen
Vande Bharat Phase II: MEA ropes in private airlines, opens land borders
The MEA spokesperson said as of today, 45,216 Indians have returned. These include 8,069 migrant workers, 7,656 students and 5,107 professionals
After flak over Shramik, Rlys says only 71 out of 3,840 trains diverted
Over the past few days, at least nine people lost their lives in different Shramik trains, for which the reasons were allegedly lack of supply of food and water
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
No proposal before board now, says Voda Idea on Google picking stake in co
The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.
Sun Pharma to test pancreatitis drug in Covid-19 patients in India
Sun Pharma it has initiated manufacturing of the active pharmaceutical ingredient and the finished product of the drug using technology from its unit, Pola Pharma Japan.
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
Merger of three state-owned general insurers on back burner due to Covid-19
Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
Defence minister Rajnath Singh speaks to US on China's LAC intrusion
PLA continues building bunkers and roads, deploys tanks, artillery
Reservation period for special trains increased to 120 days: Indian Railway
The changes will be implemented from May 31 onward, according to Indian Railways
Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20
Business Standard brings to you the top headlines of the day
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
Govt lifts curbs on exports of paracetamol APIs with immediate effect
"The notification is further amended to remove the restriction on the export of paracetamol APIs, making it export 'free' with immediate effect," the statement read
Rain Industries surges 17% on healthy operational performance in March qtr
The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Use of public transport likely to dip for 6 mnths post lockdown: CSE survey
Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
Amit Shah speaks to CMs before meeting Modi on next phase of lockdown
The central government is expected to announce its decision on the lockdown within the next two days
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
Govt unlikely to press for hike in GST rates for non-essentials next month
However it will have to find ways in which essential and non-essential items can be segregated
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Aviation regulator says locusts a threat to flight ops, issues guidelines
India is battling the worst desert locust invasion in more than 21 years
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Tremors felt in Delhi, North India on Friday, fifth time in two months
"Did you feel it!" was the buzz among people messaging each other in Delhi and cities near it
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
Bharti Infratel hits over 3-month high; zooms 100% from March lows
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
Sun Pharma to test two drugs for treatment of Covid-19, stock up 3.5%
At present there are three clinical trials underway to test nafamostat in Covid19 patients around the world
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
Cypriot Cabinet approves bill on EastMed Pipeline
Cyprus' government has approved the bill on the EastMed pipeline project, the country’s Energy Minister George Lakkotrypis said in a statement.
Government announces €115 million support package for air transport sector
The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
MarTech Minute: Criteo’s Retail Media ad platform, Agilify Training’s virtual Scrum Master course
A quick round up of the latest marketing technology news and announcements.
Samsung Exclusive Stores in India are now certified for safety by Suraksha
Every Samsung Exclusive Store in India is now Suraksha-certified to ensure consumer safety during the COVID-19 pandemic. Suraksha (meaning 'protection' in Hindi) is a public private initiative that a
Coronavirus pandemic | Maharashtra to give Rs 50 lakh insurance cover to frontline workers: Deputy CM Ajit Pawar
Pawar, who is also finance minister, said huge manpower is busy in surveying, tracing, testing, taking preventive measures and providing relief during the pandemic by risking their lives.
Rice sowing not progressed much after April 10: Agriculture Ministry data
It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice.
Odisha unveils Rs 17,000 crore plan to support people's livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
Buy Coal India; target of Rs 264: ICICI Securities
ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.
GST Council to meet next month; FinMin not for raising rates on non-essential items
The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Naredco-UP signs MoU with UP government to provide jobs to 2.5 lakh labourers
Around 1.25 lakh workers will be absorbed at project sites spread across Ghaziabad, Noida and Greater Noida in Delhi-NCR
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Wall Street retreats ahead of Trump's response on Hong Kong
President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
Bombay HC notices on plea over cancellation of airport project award
As per the plea, Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), a joint venture company between Maharashtra Airport Development Company and Airports Authority of India (AAI), is now planning on issuing fresh tenders for the project.
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
Centre likely to retain limited role and allow states have more say after Lockdown 4.0
The central government may, however, advise state authorities to continue with strict curbs in COVID-19 containment zones in the worst-affected 30 municipal areas that account for 80 percent of the positive cases in the country.
Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter
It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
Sun Pharma gains 5% on DGCI nod to initiate clinical trial of drug on COVID-19 patients
Nafamostat is approved in Japan for improvement of acute symptoms of pancreatitis and treatment of Disseminated Intravascular Coagulation (DIC).
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
'It is still too early to say that it is the end of the SIP trend'
SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
HC asks Delhi govt to file detailed reply on pleas challenging levy of 70% 'special corona fees'
The Delhi government had earlier filed its response to the petitions, saying that trade or consumption of liquor is not a fundamental right of a citizen and the State has the authority to regulate its sale and levying 70 percent 'special corona fees' on MRP of all alcohol brands is a price for grant of such privilege to public.
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
Delhi HC restrains OLX, Quikr from posting fake Reliance job ads on web portals
Justice Mukta Gupta, in two separate interim orders, said RIL and Reliance Jio Infocomm Ltd have made out a prima facie case in their favour and in case no ad-interim injunction is granted they would suffer an irreparable loss and balance of convenience also lies in their favour.
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
Buy United Spirits; target of Rs 650: ICICI Direct
ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.
India to expand Vande Bharat Mission to evacuate more Indians from abroad
MEA Spokesperson Anurag Srivastava said the government is also assisting return of stranded Indians from remote locations in Latin America and Caribbean, Africa, and parts of Europe.
How important is Hong Kong to China as a free finance hub?
China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri
Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Coronavirus pandemic | COVID-19 tally in Dharavi goes up to 1,715 with 41 new cases: BMC
Of the 41 new patients, as many as seven were found in Matunga Labour Camp locality of Dharavi alone, he said.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print
A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
Special scheme to help rural industrial units in Tamil Nadu launched
The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Coronavirus wrap May 29: Jharkhand airlifts migrant workers from Leh; India's COVID-19 death toll surpasses that of China
In India, the death toll due to the pandemic has crossed 4,700, while nearly 3.6 lakh people globally have lost their lives due to the infection.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
2 floors of Parliament Annexe building sealed after official tests positive for COVID-19: Sources
The director-level officer who attended work on May 28 was found positive for the infection along with his family members, they said.
PPE manufacturers complain about lack of clarity on standardisation guidelines
Hula Global, a Noida-based company which is into manufacturing and distribution of personal protection equipment, was counting on the huge windfall opportunity post-COVID-19 outbreak.
Attack on Taiwan an option to stop independence, top China general says
The 2005 law gives the country the legal basis for military action against Taiwan if it secedes or seems about to, making the narrow Taiwan Strait a potential military flashpoint.
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
Shramik Specials not regular trains, can be extended, diverted to benefit migrant workers: Railways
Addressing a press conference, Railway Board Chairman V K Yadav clarified that no train can ever be
Railways issues guidelines for TTEs on board 100 pairs of special trains to run from June 1
They also said all the staff shall be provided with sufficient number of masks, face shields, hand gloves, head covers, sanitiser and soap so that they can perform their duty safely.
Russia's Rosneft finds extended oil cuts painful: Sources
Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.
Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this
Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance
Bitcoin's rejection at $9,700 has coincided with funding flipping positive. This suggests that sellers are gaining the upper hand over buyers
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally
The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.
No ban, but reduction of flights: J.C. Madhuswamy
Bengaluru: The State Government has requested the Civil Aviation Ministry to reduce the number of flights from Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh and Rajasthan to Karnataka in view of the high number of COVID-19 cases prevalent there. In a clarification issued to media, Minister for Law and Parliamentary Affairs J.C. Madhuswamy has said that...
Blame it on virus: Future tense for farmers in distress
Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...
West Bengal-bound Shramik Special leaves Ashokapuram Station carrying 1,520 migrants
SWR Mysuru Division runs 10 Shramik trains till today facilitating 14,066 passengers to reach their homes Mysore/Mysuru: The tenth ‘point-to-point’ Shramik Special train from South Western Railway (SWR), Mysuru Division, carrying 1,520 migrants, left Ashokapuram (Mysuru) Station today at 1 pm for New Jalpaiguri in West Bengal. This train is being run as per the...
Counterpoint Research: Affordable premium smartphones are here to stay
The worldwide smartphone market has evolved over the years. The rise of ultra-premium handsets with the launch of iPhone X has changed the whole landscape. People are now turning towards so-called ‘affordable premium’ devices, at whose price the flagships were sold earlier. The latest report by Counterpoint Research on South Korean smartphone market explains this …
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
Investors Skittish Ahead of Expected Sanctions on China
Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
China-led AIIB approves $750-million loan for PH's virus response
The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households
MWSS says consumers in Metro can pay water bills in staggered amounts
To avoid bill shock, the Metropolitan Waterworks and Sewerage System says the public can settle their accounts 'in drops'
Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund
Rappler Talk: UP expert Guido David on why Metro Manila can’t let guard down under GCQ
What should Metro Manila residents keep in mind as they contemplate leaving their homes under the general community quarantine?
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
China faces mounting pressure over Hong Kong security law
The US, Britain, Canada, and Australia lead criticism of the planned law, which would punish secession, subversion of state power, terrorism, and acts that endanger national security
Canada's economy shrinks 8.2% in Q1 2020
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
FALSE: Malunggay and kamias tea cure for COVID-19
While some home remedies may alleviate symptoms of COVID-19, WHO says there is still no registered cure for the disease as of May 29
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
India quarterly growth worst in 2 decades as lockdown bites
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
Large cruise ships barred from Canadian waters until end of October: Garneau
The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
Ford expected to unveil new COVID-19 testing strategy during daily briefing at Queen's Park
Premier Doug Ford is expected to unveil the province’s new COVID-19 testing strategy during his daily briefing at Queen’s Park this afternoon.
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
US Stops Iranian Fuel Shipments to Venezuela
Trump admin promises to use its economic, diplomatic power to press for the restoration of Venezuelan democracy
What Could Kill My New York Bookstores?
It won’t be Amazon or the coronavirus. It will be artificially high rents.
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
Arogya Setu completely secure: Ravi Shankar Prasad
Prasad said that Aarogya Setu app is a product of India's digital mind and it traces and cautions individuals against the spread of the virus.
Delhi govt for opening neighbourhood religious places, shops in malls on odd-even basis post May 31
However, the Delhi government is not in favour of allowing cinema halls, schools and colleges to open after May 31, when the fourth phase of the nationwide lockdown would end.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.
Earthquake of 4.6 magnitude hits Rohtak in Haryana, tremors felt in Delhi-NCR
Several low-intensity earthquakes have hit the national capital since April.
Centre asks states to streamline inter-state movement of personnel engaged in locust control
All states and union territories have also been issued an advisory along with standard operating procedures (SOPs) for handling the locust problem, the agriculture ministry said in a statement. Locust control measures that started since April 11 are underway in affected states in northern India.
Spraying neem oil on standing crops to be effective in eliminating locust attack
As parts of Maharashtra and other states face attacks from locusts, which destroy crops and vegetation, an agriculture university has suggested a slew of measures like destroying their eggs and spraying neem oil on crops to tackle threat from the migratory pests.
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
NIA files chargesheet in Purnea fake currency case
The National Investigation Agency has filed a chargesheet in connection with a fake currency case, reported at Purnea, Bihar.The case relates to the recovery of fake currency having a total face value of Rs 1,90,500.
GST Council to meet next month; FinMin not for raising rates on non-essential items
Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.
‘Travel only when necessary': Railways appeals to passengers
Ministry of Railways on Friday appealed to people suffering from serious ailments, pregnant women, senior citizens and children below the age of 10 to travel in Shramik Express trains only when necessary. The appeal came after reports of deaths on special trains.
After speaking with Shah, Goa CM hints, lockdown may be extended by 15 days
He told the media that after speaking with Union Home Minister Amit Shah, he felt that the lockdown may be extended for another 15 days. We however demand that there should be some more relaxations.
Centre likely to retain limited role and allow states have more say after Lockdown 4.0
The central government may, however, advise state authorities to continue with strict curbs in COVID-19 containment zones in the worst-affected 30 municipal areas that account for 80 per cent of the positive cases in the country. These 30 municipal areas are from Maharashtra, Tamil Nadu, Gujarat, Delhi, Madhya Pradesh,
PM Modi-Shah meet, strategy post May 31 on discussion table
A day after speaking with the Chief Ministers, Union Home Minister is meeting with Prime Minister Narendra modi ahead of the lockdown coming to an end on May 31.
DGCA says locust swarms pose threat to aircraft during landing and takeoff phase, issues guidelines
India is battling the worst desert locust invasion in more than 21 years. The crop-destroying swarms first attacked Rajasthan and have now spread to Punjab, Gujarat, Maharashtra and Madhya Pradesh.
Next phase of lockdown: States want strict implementation of guidelines in containment zones
With the lockdown 4.0 set to come to an end on May 31, several states want curbs only in the containment zones.In the existing lockdown, states were given a bigger hand to decide on the curbs. Many states have been getting representation to open schools, religious institutions and also hotels.
More than 1.65 lakh people travelled in 2,198 flights since resumption of services
Civil Aviation Minister Hardeep Singh Puri, who has been sharing daily updates on the numbers of flights and flyers, said, 'Our airports continue to function smoothly.' So far, 16 asymptomatic passengers on seven different flights have tested positive for the novel coronavirus after landing in their respective destina
Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
Paytm moves HC claiming telecom companies not preventing phishing activity over their networks
One97 Communications Ltd, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its
Nepali Sherpa wait, grow potatoes as Himalayas remain closed due to coronavirus
Had it not been for the coronavirus, Nepali climbing guide Tashi Lakpa Sherpa would have been on Mount Everest now, guiding clients and trying to add another feather in his cap - a ninth ascent. But
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
Singapore Supreme Court dismisses Singh Brothers' appeal against HC order
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against a High Court order that declined to set aside an
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19
Snags in Kerala's liquor app triggers corruption allegation
With technical snags in the mobile app for liquor sale in Kerala remaining unresolved for the second day, opposition Congress alleged of irregularities and demanded a vigilance probe.
US Defence Secretary talks to Rajnath Singh, says Pentagon
US Defence Secretary Mark Esper has talked to his Indian counterpart Rajnath Singh and reiterated his support for a “strong and enduring” bilateral defence partnership, the Pentagon said Friday.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Jaishankar discusses post-COVID-19 economic recovery with EU foreign policy chief
External Affairs Minister S Jaishankar on Thursday held discussions with European Union foreign policy chief Josep Borrell on initiatives to promote post-Corona economic recovery and preparations
US reaffirms commitment to India's leadership in Indo-Pacific region
The United States on Friday reaffirmed its “firm commitment” to India’s leadership in Indo-Pacific – a region where it is trying to build a coalition of democratic nations to contain the hegemonic
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to
Aarogya Setu is completely secure: Union Law Minister Ravi Shankar Prasad
Amid privacy concerns, Union Law Minister Ravi Shankar Prasad on Friday maintained that Aarogya Setu was completely secure and there was no security or data breach in coronavirus tracking mobile
Nikkei dented by US-China tensions, but scores best month since 2015
Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark
Warner Music IPO aims to strike a chord in ‘Six Feet Apart’ era
Streaming likely to boost investor interest amid pandemic lockdowns
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Let’s speed up digital change at banks
There is space available for digital-enabled SME-focused entities to make headway
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
India's economic growth dips drastically during coronavirus pandemic
Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year
Expo body formally approves one-year delay to Expo 2020 Dubai
Expo Dubai will now start in October 2021
Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan
Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently
New York gold traders are drowning in a glut they helped create
Shutdowns strangle supply routes that allow physical bullion to move around the globe
COVID-19: Banks to open again in Saudi Arabia
Financial facilities to comply with health precautions
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs
Top official admits that manufacturer had been spending way too much, plans 10% job cuts
The wealthy will be on governments' radars in COVID-19 response
Taxes will be an obvious route for governments, and so will appropriation, says Citi
BREAKING: FG to pay unemployed youths N20,000 to maintain public infrastructure
The Federal government has agreed to pay the sum of twenty thousand naira, (20,000), to unemployed youths, for three months, to maintain public and social infrastructures in the country, Minister of State for Labour and
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Nigerians to pay stamp duties on ATM printouts, some WhatsApp messages – FIRS
The Federal Inland Revenue Service (FIRS) revealed that Nigerians will now pay stamp duties on some WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. Stamp duties will also be paid by
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Viettel selects Digital Virgo for carrier billing
Vietnam-headquartered Viettel Group signed a global deal with Digital Virgo to deploy its direct carrier ...
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
After IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
MEA: India firm in protecting sovereignity at border but also engaging with China
Reiterates border dispute is an internal matter between India and China.
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
'New milestone': Taiwan's top court decriminalises adultery in landmark judgement
It's aimed at upholding personal rights and privacy.
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
Here’s what R120 million buys you – now that real estate can operate at level 3
The real estate industry will resume operations under level 3 lockdown on Monday, 1 June.
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Government is drafting new rules for workers under level 3 lockdown
Minister of Employment and labour Thulas Nxesi says that government is working on a new labour directive for South Africa’s level 3 lockdown.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
South Africa’s diesel shortage to last several weeks
A shortage of diesel fuel in South Africa will ease up in a few weeks when about 30% of its refining capacity, idled because of a drop in demand spurred by the Covid-19 lockdown, will return to service.
Phase 2 before end-June if Singaporeans act responsibly: Wong
Social gatherings, restaurant dining and retail therapy at the malls may become a reality again in less than a month, if Singaporeans play their part by being vigilant and staying socially responsible. At a press conference yesterday, the multi-ministry task force said...
Job security of migrant workers depends on employers, economy
The job security of migrant workers who return to work after quarantine will depend on their employers and the state of the economy, said National Development Minister Lawrence Wong yesterday. He was responding to a question from a reporter who noted that migrant workers,...
Philippines sees largest spike in infections, will still ease curbs
MANILA/JAKARTA The Philippines saw its biggest spike in coronavirus cases yesterday, with 539 new infections recorded. The fresh cases brought the nationwide tally to 15,588, of which 921 have led to deaths. The numbers are expected to rise further, the Health...
Man charged with providing carpooling services during circuit breaker
A 53-year-old man was charged in court yesterday with providing carpooling services during the circuit breaker period. Ng Chiang Huat, a Singapore permanent resident, was slapped with three charges. On April 23, Ng allegedly left home without a reasonable excuse...
Man accused of cheating firm of $900,000 in Covid-19-related scam
A man suspected of defrauding an overseas distribution firm of more than US$646,000 (S$917,000) was charged yesterday with one count of cheating, in one of the biggest scams related to the Covid-19 outbreak here. On April 30, Singaporean Chee Jian Rong allegedly duped Mr...
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
Amazon Doesn't See Demand Slowing Anytime Soon
It still has capacity constraints in its warehouses.
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
5 Quotes to Help Plan for Retirement
Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.
Zscaler Stock Is Thriving as More People Work From Home
The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Better Buy: Zoom Video Communications vs. Microsoft
Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?
Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now
One big biotech and two small biotechs especially stand out as attractive picks.
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
Why Is Disney World Canceling Food and FastPass+ Reservations for All of 2020?
The world's largest theme park operator is upsetting customers by nixing some reservations through the next seven months, but there's a method to the Mouse-ness.
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
Zoom Stock Is the Tesla of Video Communications
If you think Zoom Video Communications is overvalued, has no moat, and has security issues, just remember that these are all issues Tesla had to overcome as well to deliver amazing shareholder returns.
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
EU regulator promises speedy review of potential COVID-19 drug remdesivir
The announcement comes two weeks after the EMA head told the European Parliament it may give an initial green light for sale of remdesivir as a COVID-19 treatment.
Gauteng's spike in COVID-19 cases due to Merafong mine infections - Makhura
Over the last week, there has been an increase of 921 cases, the biggest weekly jump since the virus hit Gauteng.
Rand falls, focus on Trump's Hong Kong response
Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.
ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster
South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
Mantashe warns mines over COVID-19 compliance, Nxesi worried about worker safety
Economic cluster ministers in the national coronavirus command council are briefing the media on the level 3 lockdown regulations pertaining to their departments.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
'A dud deal': Opposition promises to scrap BRI deal with China if elected
Opposition Leader Michael O'Brien said the Belt and Road Initiative with China was not in the state's interest and he would abolish it, if elected.
Chinese general threatens attack on Taiwan to stop independence
Although China has never renounced the use of force, it is rare for a top, serving military officer to so explicitly make the threat in a public setting.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
North Koreans charged in wide-ranging $3.7b sanctions-busting scheme
The indictment is believed to be the largest criminal enforcement action ever brought against North Korea.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
Attack on Taiwan an option to stop independence, top China general says
BEIJING, May 29 (Reuters) - China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country's most senior generals said on Friday, in a rhetorical escalation from China aimed at the democratic island Beijing claims as its own.
Union steps in with food vouchers and legal action as Denel fails to pay May salaries
Trade union UASA has set up a fund to assist its members after the embattled state-owned enterprise, Denel, abruptly announced that it would not be able to pay its employees in May. The union says they will be taking the matter to court.
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
EU governments ban malaria drug for COVID-19, trial paused as safety fears grow
PARIS/LONDON/MILAN, May 27 (Reuters) - European governments moved on Wednesday to halt the use of anti-malaria drug hydroxychloroquine to treat COVID-19 patients, and a second global trial was suspended, further blows to hopes for a treatment promoted by U.S. President Donald Trump.
South Korea coronavirus spike stirs second wave concern, social distancing crackdown
SEOUL, May 28 (Reuters) - South Korea reported 79 new coronavirus cases on Thursday, the most in nearly eight weeks, triggering the return of tougher social distancing curbs amid the spectre of a second wave of disease in a country praised for containing the first outbreak.
Minnesota calls in National Guard to quell unrest over black man’s death in police custody
MINNEAPOLIS, May 28 (Reuters) - Minnesota's governor activated the National Guard on Thursday to help police restore order following two days of violent protests in Minneapolis city over the death of a black man seen in graphic video footage gasping for breath as a white officer knelt on his neck.
U.N. delays crucial climate summit for a year, cites pandemic
May 28 (Reuters) - The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.
Wheelbarrow agents ferry food to the needy
More than 186 wheelbarrow agents ensured recipients got their food parcels delivered to their door. Wheelbarrows are now seen as an essential service item as they play a huge role in aiding with food distribution.
Sudan does an about-turn in US relations
Will Khartoum’s deal to pay compensation for the 1998 bombings change its global stance?
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
Germany's Merkel rejects Trump invite to attend G7 summit in Washington- Politico
German Chancellor Angela Merkel has refused to accept U.S. President Donald Trump’s invitation to attend an envisaged summit of the Group of Seven (G7) in the United States, Politico reported on Friday.
Wall St ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.
In broadside against China, Trump moves toward ending Hong Kong privileges
WASHINGTON/HONG KONG — President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.
United Airlines cutting 13 top jobs, adding int'l flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Pandemic's hit to Japan's factory, retail sectors deeper than expected
TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.
More central banks eye yield curve control. How does Japan's work?
TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.
Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification
Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.
Dollar bides time, yuan falls before Trump takes stage on China
TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana
ACCRA — Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON — The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.
Crude has best month on record in May as prices surge 88 per cent
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Protest in Hong Kong over China's move to pass security law
Dozens of people protested in a mall in Hong Kong on Friday following a vote by China's ceremonial parliament to approve legislation that could severely restrict opposition political activity and civil society in the Asian financial centre.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
World shares fall as Hong Kong, U.S.-China tensions weigh
Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
Asia shares fall as U.S.-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Iran says it will continue nuclear work despite U.S. sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States.
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
Aimia vows to fight Air Canada's court move to halt upcoming merger
Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Cool Ranch Doritos return after consumers lament their 'mysterious' disappearance
Cool Ranch Doritos are re-emerging on store shelves after they 'mysteriously' became scarcer during the pandemic.
Buy Foot Locker For 50% Upside as the Economy Reopens
Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
SNAP Stock Has Some Fundamental Issues That Should Worry You
Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.
3 Sports Apparel Stocks to Trade for Players and Spectators Alike
Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.
Hearo.Live: Going Virtual With Live Events
Hearo built an app to capitalize on the growth in eSports. It's now raising capital from people wanting to invest in Hearo.Live.
Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.
Avoid GE Stock? Depends if You’re Trading or Investing
General Electric may not make for a great investment, but GE stock it has some upside and a well-established bottom.
Buy Bed Bath & Beyond Stock Before Consumer Spending Surges
Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
7 Stocks to Buy to Ride the Vegan Wave
Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock
Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.
10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk
When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.
Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper
Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
Sonoma Pharmaceuticals News: SNOA Stock Skyrockets 117% on COVID-19 Disinfectant
Sonoma Pharmaceuticals (SNOA) is in the news Friday after approval for a disinfectant of the novel coronavirus sent SNOA stock skyrocketing.
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
3 Reasons to Buy Microsoft on the Next Dip
Microsoft stock is trying to make new highs, as bulls continue to bid the stock higher. Here are a few reasons to still like MSFT.
Nvidia Is Showing Investors It’s More Than Fun and Games
With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Buy the Post-Earnings Dip in Canopy Growth Stock Now
Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.
DraftKings Stock Will Keep Benefitting from Multiple Strong Trends
DraftKings stock will be boosted by the popularity of iGaming and the resumption of professional sports leagues.
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
3 of the Best Breakout Stocks to Buy Now
Bulls are knocking on the door of resistance in these three breakout stocks. Here are the levels to watch, and how to trade them.
It Looks as If American Airlines Stock Is Set for a Big Return Next Year
American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
Why Virgin Galactic Is Still Dreaming of Space Travel
Although the markets are turning positive, several fundamental factors are conspiring against Virgin Galactic.
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
Southwest Is a Much Better Pick Now Than American Airlines Stock
Investors looking to play the rebound in airline stocks should pass up AAL stock because the firm's shaky finances will hurt its recovery.
7 5G Stocks to Buy for the Future of Telecom
Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.
4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER
Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
Delta Stock Could Lead an Airline Rally
DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
South West Food Hub launches to help those feeding the nation
The initiative is supported by local organisations including the Heart of the South West LEP, the University of Exeter, Exeter City Futures, POM Support and the National Farmers' Union (NFU)
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
LG Sees Surge in Apple Orders for iPad LCD Panels [Report]
Apple has reportedly asked LG Display to quickly supply a larger than expected number of iPad LCD panels.
Michel Barnier: UK needs to get real if it wants a Brexit deal
An agreement by the end of the year will be ‘very difficult, but it is possible,’ EU negotiator says.
Reappraising Ugwuanyi’s five-year stewardship amid Covid-19
Gov. Ugwuanyi has ensured an enduring peace in the state, a cherished feat that has made it possible for the state’s political leaders to unite and....
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Govt moves to halt crude export in natural state - The Nation Nigeria
In its bid to sustain the economy following the COVID-19 pandemic, the Federal Government (FG) is putting plans in motion to implement ways to halt...
Governors, AGF to discuss Executive Order 10 - The Nation Nigeria
Governors are to meet with the Minister of Justice and Attorney-General of the Federation (AGF) Abubakar Malami, on the impact of Executive ...
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
FIRS: The burden of leadership - The Nation Nigeria
But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Lagos, Abuja, Port Harcourt, Kano airports to reopen in ‘few days’
Major airports in the country will in the “next few days” roar into life after weeks of inactivity caused by the COVID-19 pandemic lockdown.
Lagos reforming physical planning to boost services
Lagos State has said it will institute reforms to boost physical planning and instil public confidence as part of the ease of doing business...
Court stops FG from auctioning Dawes Island Marginal Oil Field
The Federal High Court sitting in Lagos Friday restrained the Ministry of Petroleum from selling or accepting bids for Dawes Island Marginal Oil Field...
Are creatives on another cockroach-horse ride? - The Nation Nigeria News
I received with reservations, the current touted plan by the federal government to provide palliatives for the creative industry. The move appeals to me
Furious Niger Gov revokes road contract - The Nation Nigeria
Niger Governor Abubakar Sani-Bello has ordered revocation of a road project by Jajove Solutions Services(JSS) in Suleja.He accused the...
Katsina building 722-bed centre - The Nation Nigeria
Governor Aminu Bello Masari of Katsina State on Thursday announced plans to build additional 722 isolation centres to accommodate ...
FG secures 1,295 convictions in one year - The Nation Nigeria
An 82-year-old hypertensive patient has recovered from coronavirus in Osun State.She was discharged from Isolation and Treatment Centre...
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
Depression likely to occur in the Bay of Bengal during June: DMH
Two low pressure areas may form over the Bay of Bengal and one may further intensify into the depression, according to the weather forecast for June by the Department of Meteorology and Hydrology (DMH).
Fast-track construction of S.African hospital in response to COVID-19
In South Africa, the construction of a R3 billion hospital, originally scheduled for completion by November, has been fast-tracked to open by June.
Electricity distribution operators survived COVID-19 emergency
Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.
S.Africa: Update on DMRE interventions to combat the spread of COVID-19
South Africa's Department of Mineral and Energy Resources issued an update of the sector’s response to lockdown measures.
Liberia embarks on a cost-reflective electricity pricing study
In efforts to attaining cost-reflective electricity pricing, the Liberia Electricity Regulatory Commission has begun a Cost of Service Study.
Will Zimbocash Succeed Where Others Failed As Alternative Currency?
Zimbabwe’s crypto community got lit up when it was reported that Zimbocash, a local cryptocurrency was listed on Bithumb. Whether Zimbocash will suceed.
President Mnangagwa’s Son Collins Speaks On Corruption Allegations Over US$1m Covid-19 Scandal
President Emmerson Mnangagwa's son, Collins Mnangagwa speaks on corruption allegations denying that he is part of the company which pocketed almost US$1 m
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
Ice-cream company who struggled to find staff now flooded with applications
“Last year, I struggled to get drivers. We had to pay for ads everywhere and even at that, I might have received 20 applicants in two months"
Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal
In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
Inland waterways transport with Bangladesh to start in 3-4 months: Tripura CM
Chief Minister Biplab Kumar Deb today visited Sonamura and different parts of Sepahijala district as part of his inspection tour of quarantine centres set up at village level to accommodate people who are facing difficulties in-home quarantine.
COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Govt weighs use of drones, planes to bring down locust swarms
“A committee under the chairmanship of the Additional Secretary of the Department has been constituted to procure services and goods for spraying insecticides through drones and airplanes,” the ministry said in a statement on Thursday.
Daily Shramik trains from Punjab stop today
So far, 17.7 lakh migrants had registered themselves on the Punjab government’s portal to go to different parts of India, out of which 15.4 lakh wanted to go to UP and Bihar only.
Lesser in number, Odisha workers in Ahmedabad await Shramik trains
According to officials, a total of 80 migrant workers from Odisha have registered for Shramik trains in Ahmedabad in the last one week, but at least 1,600 passengers are required to book a train to a particular state.
Pinarayi Vijayan says Kerala on ‘brink of community spread’ as cases spike
Kerala on Thursday reported 84 fresh Covid-19 cases, taking the total to 1,088.
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T
On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.
GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20
Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
Trivendra Singh Rawat: ‘Can’t leave people on the roads… will continue bringing migrants’
Trivendra Singh Rawat said, "A huge number of people from Uttarakhand live in other states. Many of them want to come back amid the pandemic. More than 2.5 lakh people have registered so far."
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Surat textile industry seeks govt help to stop migrant exodus
At least 60 per cent of the workforce is estimated to have left Surat since the Shramik Special trains started. According to Surat railway officials, over 6.80 lakh labourers have left Surat in 431 trains.
NCS ties up with TCS iON for providing free online skill training to registered job seekers
This course on soft skills assists the learners in enhancing personality development with modules on corporate etiquette, improving interpersonal skills, making impactful presentations, including other necessary soft skills demanded by the industry.
Maharashtra: For 3 years, govt plans to reduce local youth job quota to 60%
As per the existing guidelines, it is mandatory for industries to employ 80 per cent Maharashtra domiciled persons, and remaining 20 per cent employees from anywhere else. The quota has not been legislated, but effected by way of a government resolution.
Pandemic, monsoon ban, Vasai fishermen stare at a bleak year
Post the nationwide lockdown on March 24, all fishing activities had been shut down. In April, however, fishing was allowed by the central government.
Face-off along LAC in Ladakh: Chinese build-up will be matched, says NSAB member
Without disclosing exactly when diplomatic talks over the issue began, Narasimhan confirmed that “talks started much before last week”.
Instead of 14-day quarantine protocol, Kutch industry body demands Covid test for migrants returning to work
Federation of Kutch Industries Association (FOKIA) has written a letter Chief Minister Vijay Rupani, demanding that the provision requiring one to remain in quarantine after inter-state travel be done away with
Will give Rs 25 cr to Rlys: Vijay Rupani
The funds are being given to the Railways at a time when the ticket fare for the journey is being charged from the migrants itself.
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa
India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.
‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate
Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.
COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
GST Council to meet next month; FinMin not for raising rates on non-essential items
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
Maharashtra: Free foodgrain arrives for migrants, but after most have left the state
While Union Finance Minister Nirmala Sitharaman had announced the free foodgrain scheme for migrants on May 14 as part of the second tranche of the Centre’s ‘Atmanirbhar Bharat’ package, state officials admitted to delays in finalisation of the modalities for its implementation
Will make data on train deaths public: Railways
At least nine passengers on board Shramik Specials to Uttar Pradesh and Bihar have died so far. The Railways has said that many of them had pre-existing illnesses and were returning after surgery/treatment.
Domestic helps at Noida societies cut off by employers, some forced to beg
“When the lockdown was implemented, I was given Rs 1,600 and told to leave. Now, no one is hiring... we do not know when we will get jobs again,” said Bibi, who used to work at four houses but was only paid her dues by two employers.
GST hike on non-essential items unlikely despite falling revenues
Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Most Shramik trains: Gujarat, Maharashtra to UP and Bihar
There are signs that the demand for Shramik Specials could be finally ebbing. On Thursday, for instance, merely 35 Shramik Specials were scheduled to depart from various parts of the country.
Haryana CM Khattar calls paddy order an advisory, Congress asks him to apologise to farmers
Although sensing the mood of farmers, the government had relaxed the conditions two days back, it still won’t allow paddy cultivation on panchayat land which is normally hired by small and marginal farmers.
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
PMC, PCMC to help PMPML pay 2,200 daily wage workers
As reported by The Indian Express earlier, over the past fortnight, the PMPML had asked these workers to sit at home as the undertaking had no work for them amid the nationwide lockdown.
Industry chorus: Package not much help, govt must do the heavy lifting
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
China asks Western nations to stay out of its internal matters in Hong Kong
A joint statement issued by US, UK, Australia and Canada stated that China's decision to impose the new national security law on Hong Kong lay in direct conflict with its international obligations under the principles of the legally binding, UN-registered Sino-British Joint Declaration and said that it would undermine the "one country, two systems" framework.
Hong Kong govt warns removing US special status is ‘double-edged sword’
"Any sanctions are a double-edged sword that will not only harm the interests of Hong Kong but also significantly those of the US," the city's government said late on Thursday.
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
India Coronavirus Update, May 29: India becomes ninth worst-hit country; Goa, Haryana bat for lockdown extension
Coronavirus (Covid-19) India Latest Update, 29 May: A record jump of 7,466 infections and 175 deaths were recorded in the last 24 hours from across the country, the health ministry said. Of the total, 4,704 are the number of casualties, 89,987 are active cases and 7,1105 people have been treated and discharged so far.
‘Punjab seed scam’: PAU denies providing ‘source seed’ to any pvt company, sold TL seed to farmers only
Punjab paddy seed scam: Speaking to The Indian Express, Tarsem Singh Dhillon, director (seeds), PAU said this was the first year that the varsity had sold ‘Truthfully Labelled’ (TL) seeds of two new paddy varieties — PR 128 and PR 129 — to farmers only.
Bombay HC seeks Centre, state response to plea on sanitary napkins
A division bench of Chief Justice Dipankar Datta and Justice K K Tated was hearing through videoconference pleas filed by law students Nikita Gore and Vaishnavi Gholave through advocate Vinod Sangvikar,
No govt approval needed for Covid-19 tests: Gujarat HC
The issue raised by the Ahmedabad Hospitals and Nursing Home Association (AHNA), which had moved an application seeking a recall of the court’s earlier orders, directing the state government and the AMC to ensure prices are capped at the private hospitals to ensure no exorbitant billing for Covid-19 treatment, was taken up.
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.
Autorickshaw drivers in Gujarat seek permission to ply after May 31
The president of the Gujarat Auto Rickshaw Driver Action Committee has sent a letter to Gujarat Chief Minister Vijay Rupani with the demands of the autorickshaw drivers, including the release of autorickshaws detained during lockdown by recovering nominal fine from the drivers since their financial condition is very weak at present.
Govt's 'Aatmanirbhar' plan hits a legal hurdle
Surat activist sends legal notice to CM and junior health minister claiming people are not getting loan as promised by the State government
Govt employees asked to donate one-day salary
SHILLONG: After the state government restored the deferment of salary for May, the Meghalaya State Government Employees Federation, has urged its members to contribute one-day salary to help the government in the fight against COVID-19.Earlier, the F
State to depend on Assam to resolve real estate disputes
SHILLONG: The state government will request Assam government to allow Meghalaya to utilise their Real Estate Appellate Tribunal to take up the cases of the state.The cabinet on Thursday approved a proposal in this regard.Speaking to media persons aft
Power bill will not be written off: James
SHILLONG: Power Minister, James Sangma has asserted that the government cannot waive the electricity Bills in view of the lockdown, as was requested by the some villages in East Jaintia Hills along the Indo-Bangla border.Speaking to newsmen her
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
How to use Telegram channels for business
Online chatting and talking with or friends and family has become one of the essential things in one person’s life. We spend our time talking with people online more than
New waterways linking NE, B’desh to start in 3 months
New waterways between Tripura and Bangladesh would start within three months and it would boost trade and numerous economic activities, Tripura Chief Minister Biplab Kumar Deb said on Friday.
Iran to continue nuclear work despite sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States.
Healthcare facilities see 80% fall in revenue: Survey
The Covid-19 pandemic has left the Indian private healthcare sector in acute financial distress, a new survey said on Friday adding that the healthcare facilities in the country have witnessed at least 80 per cent fall in average revenue.
MeECL oppose Electricity Bill, to supports protest
Employees and engineers of the Meghalaya Energy Corporation Limited (MeECL) has extended its support to the call of “national protest day” on June 1 against the Electricity (Amendment) Bill, 2020 and proposed privatisation of DISCOM.
Army top brass discusses Chinese standoff at Ladakh
Over three days, the Indian Army top leadership discussed various aspects related to existing and developing security challenges, including China’s transgression attempts in Ladakh and Sikkim regions.
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
US indicts N. Koreans, Chinese over US$2.5b network to dodge sanctions
WASHINGTON, May 29 — The US Justice Department indicted 28 North Koreans and five Chinese yesterday for operating a money laundering ring that moved billions of US dollars through global banks to avoid nuclear sanctions on Pyongyang. The network processed more than US$2.5 billion (RM10.9 billion)...
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
Attack on Taiwan an option to stop independence, top China general says
BEIJING, May 29 — China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country's most senior generals said today, a rhetorical escalation between China and the democratically ruled island Beijing claims as its own. Speaking at Beijing's Great Hall...
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
‘Almost entire’ economy could reopen before June 30 if infection rates remain low and stable, says Singapore minister
SINGAPORE, May 29 — If Covid-19 infection rates remain low and stable, the Government will decide by mid-June whether Singapore can move out of the first phase of reopening the economy, National Development Minister Lawrence Wong said today. While the first phase — which will start from June 2...
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
Socso says received 302,997 applications for Wage Subsidy Programme
KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
European stocks rise for fourth day on healthcare bounce
FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
KL-Singapore High Speed Rail construction suspension extended beyond May 31
SINGAPORE, May 29 — The suspension of the construction of the 350-kilometre Kuala Lumpur-Singapore High Speed Rail (HSR) project may be extended beyond May 31, 2020. “Malaysia had asked to extend the suspension period to allow both sides to discuss the changes they have in mind. “We are...
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing
KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...
Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic
KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...
Royal Malaysian Navy to look into expanding base in Sabah east coast
KOTA KINABALU, May 29 — The Royal Malaysian Navy (RMN) is looking into the expansion of its base to accommodate the asset requirements of RMN especially in the east coast of Sabah. RMN chief Admiral Tan Sri Mohd Reza Mohd Sany however said the matter is still at discussion stage with the Sabah...
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
CMCO: SOP compliance of foreign construction workers in Penang improving, says exco
GEORGE TOWN, May 29 — The awareness to comply with standard operating procedures (SOP) of foreign workers in the construction sector in Penang continues to show an increase, said state Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo. He said, as of...
Islamic State calls Covid-19 God's punishment for foes, tape says
CAIRO, May 29 — Islamic State (IS) said the coronavirus pandemic was divine punishment for its enemies, according to an audio broadcast yesterday, where the jihadists also vowed more attacks. The person on the tape, which was posted on one of the militants' websites but could not be verified by...
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
Energy Commission to hold competitive bidding process for LSS photovoltaic plant development
PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...
North Korea says it supports China's measures on Hong Kong
SEOUL, May 30 ― North Korea today expressed its support for China's decision to impose new national security laws in Hong Kong, calling it a “legitimate step” to safeguard the state security. “Since Hong Kong issue is an issue pertaining thoroughly to the internal affairs of China, any...
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
China plans to extend curbs on international flights until June 30, says US embassy
BEIJING, May 29 — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the US embassy in Beijing said in a travel advisory today. China has drastically cut such flights since March to allay concerns over...
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Hong Kong govt warns removing US special status is 'double-edged sword'
HONG KONG, May 29 — Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial hub, could be a "double-edged sword" and urged the United States to stop interfering in internal affairs. The statement came as US President...
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Brazil’s Embraer draws foreign interest after Boeing rift, say sources
SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...
In broadside against China, Trump moves toward ending Hong Kong privileges
WASHINGTON, May 30 ― President Donald Trump yesterday ordered his administration to begin the process of eliminating special US treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial centre. In...
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Cigarette ban threatens to bankrupt companies
The ban on the sale of cigarettes is one of the most controversial regulations in place as part of South Africa’s COVID-19 lockdown.
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
$1.4m to help Queenstown workers who have lost jobs
The hard-hit Queenstown Lakes District has been given $1.4 million in Government funding to help redeploy workers who have lost their jobs because...
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Linwoood mosque prepares to welcome back worshippers
From noon today, gatherings of up to 100 people will be allowed as Covid-19 rules are relaxed a little further. It comes just in time for Muslims...
PM leaves wriggle room for early move to level 1
Prime Minister Jacinda Ardern has left the door ajar to move the country into alert level 1 in less than four weeks. But she and health chief...
Whirlwind few months for bike shop owners
It’s been a whirlwind few months for Canterbury bike shop owners Paul and Monique Brake who are currently riding a wave of cycling resurgence. The...
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Tummies filled by Mdluli Safari Lodge
Mdluli Safari Lodge staff members handed out food parcels to needy families at Bhekiswayo Secondary School last week.
Business Poll Backfires, Shows Public Wants Less Immigration
A business-funded poll backfired by showing that 56 percent of swing voters favor President Trump's decision to curb legal immigration.
Americans Turned Less Gloomy About The Economy in May
Current conditions look better than they did a month ago but the outlook for the future is grimmer. |
U.S. Indicts Chinese, North Korean Agents for Funding Nuclear Program
The United States indicted over two dozen North Koreans for funding Pyongyang’s nuclear and military expansion.
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
MP Rigathi Gachagua Claims State Froze His Bank Accounts Over Links With Ruto
A Nairobi Court has frozen Mathira Member of Parliament Rigathi Gachagua's three bank accounts in an ongoing investigation into alleged money laundering.Milimani Senior Resident Magistrate Muthoni
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
New jobs dry up amid shutdown
New job postings nosedived 87 percent year-on-year in April on the leading job search sites in Bangladesh, highlighting the strain the country’s labour market has been going through because of the
Hong Kong on borrowed time as China pushes for more control | Honolulu Star-Advertiser
BANGKOK >> Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status.
Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser
WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.
Vanishing jobs for young could create ‘lock-down generation’ | Honolulu Star-Advertiser
GENEVA >> Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since.
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser
By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.
Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser
Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.
U.N. chief warns leaders coronavirus pandemic may cause historic famine | Honolulu Star-Advertiser
UNITED NATIONS >> The U.N. chief today warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
Hawaii budget shortfall now projected to be $2.3 billion | Honolulu Star-Advertiser
There was a lot of guesswork involved, but a panel of experts concluded Thursday that state tax collections will drop by 7% this fiscal year and another 12% next year, leaving Gov. David Ige’s administration with a whopping $2.3 billion budget hole to patch up.
Why India needs more ships like INS Jalashwa
Why India needs more ships like INS Jalashwa. At war, the Jalashwa can carry and launch a full infantry battalion in a single wave. At peace, the Jalashwa can evacuate 1,000 people in a single trip. Ajai Shukla explains why the Indian Navy's new tender for more ships like the Jalashwa must be treated with special urgency.
No talks between Modi and Trump on Ladakh row: Sources
No talks between Modi and Trump on Ladakh row: Sources. The last conversation between the two leaders was on April 4 on the issue of hydroxychloroquine.
Sonu Sood airlifts Odisha migrants from Kerala
Sonu Sood airlifts Odisha migrants from Kerala. The group, comprising on 147 women and 20 men, were airlifted by an Air Asia chartered flight from Kochi to the Biju Patnaik International Airport in Bhubaneswar.
Modi, Shah meet over lockdown plan amid rising COVID-19 cases
Modi, Shah meet over lockdown plan amid rising COVID-19 cases. During his talks with the chief ministers, Shah sought to know the areas of concern of the states and the sectors they want to open up further from June 1, the official said.
RS official tests COVID-19 +ve, 2 floors of Par blg sealed
RS official tests COVID-19 +ve, 2 floors of Par blg sealed. This is the second case of an official posted in the building testing positive for the infection.
Don't need US help to resolve border issues: Chinese media
Don't need US help to resolve border issues: Chinese media. China's state-run media said that the leadership of the two countries successfully solved the Doklam standoff in 2017 with 'concerted efforts and wisdom'.
Army rushes in additional troops to eastern Ladakh
Army rushes in additional troops to eastern Ladakh. The Indian Army will continue to maintain its aggressive posturing in all disputed areas in eastern Ladakh and will not back off till status quo is maintained, sources said.
100 Indian users warned of govt-backed phishing attacks: Google
100 Indian users warned of govt-backed phishing attacks: Google. In a blog post, Google said its Threat Analysis Group tracks more than 270 targeted or government-backed groups from over 50 countries. It, however, did not clarify which governments have targeted these users.
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
How to keep supply chains reliable when the world's upended
In March, as COVID-19 cases spiked across the United States, hospitals faced a harrowing shortage of crucial medical supplies, from face masks and ventilators to the nasal swabs and chemicals needed for ...
Bangladeshi eggplant farmers reap rewards via genetics
Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.
India weeds out 27 highly toxic pesticides
Decades of lobbying by rights activists and environmentalists to ban hazardous pesticides in India that are prohibited elsewhere in the world appear to be making progress following a 14 May government ...
Work and wellbeing bounce back during coronavirus crisis
Government measures to arrest the economic impact of COVID-19 have helped stop further job losses and declines in working hours, new analysis from The Australian National University (ANU) shows.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
US takes action against China over Hong Kong
The president also said the US would be suspending entry of certain Chinese citizens.
Security law ‘puts Hong Kong’s appeal for business at risk’
Chinese leaders said the new law was needed to combat unspecified threats in the semi-autonomous region.
Top scientists say its too early too ease lockdown amid fears over warm weekend
Police have urged the public to maintain current safeguards about social contact ahead of the lessening of restrictions next week.
New Zealand close to virus eradication despite grim global figures
The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Rising US job losses stoke fears of lasting economic damage amid pandemic
The numbers are extraordinarily high by historical standards, economists have warned.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
Former pub set to become flats
A former pub in Shrewsbury is to be turned into seven flats and have six houses built in its car park under plans approved by Shropshire Council.
Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children
Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.
De Blasio, Cuomo target June 8 for first phase of New York City reopening
The city is on track to meet all of the state’s metrics needed to begin relaxing its stay-at-home order.
Lagos BRT fares hike unnecessary, wicked —Commuters
Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state. The News Agen...
CBN forecasts slower growth, reduces lending rate to 12.5%
Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...
Ensure release of Nasarawa chairman, CAN tells FG
Kayode Oyero The Christian Association of Nigeria has called on the Federal Government to deploy all necessary resources to ensure the release of its Chairman in Nasarawa State, Bishop Joseph Ma...
Lagos BRT increases fares by 50%
Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...
Buhari has done well in power supply, security –FG
Olalekan Adetayo, Abuja The Federal Government on Friday said the President, Major General Muhammadu Buhari (retd.), has put the country on an irreversible road to development in the last one ye...
DMO faults Reps, says lawmakers approved $3.18bn Chinese loans
Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...
FG to pay jobless youths N20,000 monthly to sweep markets, clear gutters
Eniola Akinkuotu, Abuja In a bid to curb the high rate of unemployment in the country, the Federal Government has rolled out a scheme which will see unemployed youths in rural areas earning N20,...
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
COVID-19 workplace complaints surge; unions rip administration
A surge in coronavirus-related workplace complaints is fueling criticism from unions and Democratic lawmakers that the Labor Department is ill-equipped to ensure workers are safe as more businesses
Trump to end special treatment for Hong Kong
President Trump on Friday announced his administration is preparing a slew of changes to the full range of U.S. agreements between the U.S. and Hong Kong, saying the territory no longer appeared
Lawsuit accuses Trump administration of illegally seizing tax refunds from student loan borrowers
A class-action lawsuit filed Friday is accusing the Trump administration of illegally seizing student loan borrowers' tax refunds even after Congress halted government debt collection amid the
House pushes back schedule to pass spending bills
The House is pushing back its June target date for passing 12 appropriations bills and is setting up July as a new deadline.House Majority Leader Steny Hoyer (D-Md.) signaled the change in a Friday
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
Masterplan for Buninyong Botanic Gardens
Councillors agreed to take the first steps towards a new masterplan for Buninyong Botanic Gardens.
Gov't intervention after Fairmont Norfolk fired all employees
Prestigious hotel closed indefinitely
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies
IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re
Governor, CM extend Statehood Day greetings
NT NETWORK Panaji Governor Satyapal Malik and Chief Minister Pramod Sawant have extended greetings to the people of Goa on the occasion of Goa Statehood D
Lockdown likely to be extended as corona cases rise
AGENCIES New Delhi The nationwide lockdown - the fourth phase of which ends on May 31 - is likely to be extended beyond this date with more relaxations as
Protests grow in Hong Kong over China’s move to pass security law
AP Hong Kong Dozens of people protested in a mall in Hong Kong on Friday following a vote by China’s ceremonial parliament to approve legislation that c
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Tobacco farmers ask govt to shun policies aping West
IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crop
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio
IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them fr
India’s housing sector facing its worst-ever crisis: CREDAI
IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis
IOA finance chairman refuses hotel bookings for Tokyo Games without president’s sanction
PTI New Delhi Indian Olympic Association’s finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookin
CM requests Centre to allow opening of malls, restaurants
NT NETWORK Panaji Stating that there is a possibility of the lockdown getting extended by another two weeks, Chief Minister Pramod Sawant on Friday reques
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
KLStep is DBKL’s web-based contact tracing tool similar to SELangkah
While we’ve previously reported of Selangor introducing SELangkah, a contact tracing tool that uses QR codes, Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan is encouraging business premises to use KLStep. The web-based solution works similarly to the previously mentioned SELangkah, as it also uses QR codes as a contact tracing tool.
Music Venues Across the Country Can Reopen, But Is It Worth It?
While restrictions on music venues are starting to ease, not all will be able to handle the logistics mandated under new guidelines.
German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic
The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.
Recording Academy Releases Safety Recommendations for Studios Looking to Reopen
The Recording Academy’s Producers & Engineers Wing has released a list of safety considerations for studio owners as they weigh reopening.
Strictly Discs in Wisconsin, in a Pandemic: 'I Feel a Responsibility to Our Community'
As Dane County enters Phase 1 of reopening, Strictly Discs owner Angie Roloff has expanded the in-store capacity of her Madison record shop.
Gunna Gearing Up for First No. 1 Album on Billboard 200 Chart
Gunna is gearing up for his first No. 1 album on the Billboard 200 chart, according to industry forecasters.
Clearing His Name: Metropolitan CEO Says He’s Ready to Put Disastrous Albany Show Behind Him
When John Scher was approached by an old friend about investing in a long-shot benefit concert, the 69-year-old promoter knew he should have walked away. But spellbound by the opportunity to work with superstar artists James Taylor and John Legend, Scher convinced himself that he could pull it off.
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Parliament recommends suspending payment of R22m to Ingonyama Trust
When the trust tabled its strategic and annual performance plans at a committee meeting, no budget information was included.
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
Opinion: Reappraising Ugwuanyi’s five-year stewardship amid Covid-19 by Louis Amoke
In this piece, Louis Amoke writes on the administration of Enugu state governor,Ifeanyi Ugwuanyi as he celebrates his fifth year in office since he over in 2015
FG gives update on programme to employ 774,000 Nigerians
The federal government on Thursday, May 28, gave an update about its plan to employ at 1,000 persons from each of the 774 local government areas in Nigeria.
Identical twins who were former gang members quit, turn millionaires
Sam and Steve Nico Williams, a 38-year-old set of twins have dropped their gang lifestyle and focused on building their own business which has been successful
Electricity: Buhari approves funding for first phase of Siemens power deal
Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.
Finance Ministry statement on controversial Covid-19 tender
PERMANENT Secretary in the Ministry of Finance and Economic Development, George Guvamatanga, has been in the eye of a storm amid reports he authored a letter to the Health Ministry pushing for the payment of funds to suppliers of Covid-19 equipment.
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Trump moves to revoke Hong Kong trade status, stoking China rift
Citing a litany of grievances against the country, some dating to before he was elected president, Trump said the U.S. would begin a process to revoke Hong Kong’s preferential trade status under U.S. law.
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Deloitte's consulting arm said to warn of about 2,500 job cuts
There’s growing concern among some consultants who aren’t currently assigned to a project with a client that they’ll be first in line to lose their jobs, one of the people said.
The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO
This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
Pier 1's 'awful day' arrives with judge approving liquidation
The end is near for Pier 1 Imports Inc.
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Lumber sees surprise win as shut-in Americans fix up their homes
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.
Kenyan truckers suspend movement to Uganda
Kenyan drivers say they will withhold their services until officials address harassment.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Fears for Kenya's urban food supply as floods drown rice
Kenya’s recent floods have ruined harvests in several rice production hubs.
Alderwood mall is ready for the governor’s green light
The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.
Islamic State: RAF carries out four air strikes in May
The Ministry of Defence says the strikes in Iraq on the Islamic State group all hit their targets.
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
Coronavirus: Rishi Sunak urged by MPs to extend self-employed help
A group of 113 MPs and a 100,000-strong petition warn ending a support scheme would cause hardship.
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
Building Water System Challenges Following COVID-19 Closures
The WQP team has been working remotely in response to the coronavirus, also known as COVID-19, since mid-March, and our office building has been
How can I qualify for pension cap indexation?
Indexation of superannuation pensions - if it ever happens - won't be available to all, writes John Wasiliev, who seeks answers to your questions about super.
Ken Talbot's widow seeks $45m in damages over will
Amanda Talbot, widow of the late Queensland mining magnate, is suing lawyers over the handling of his estate, claiming it has cost her "hundreds of millions of dollars".
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Government urged to act before more regional journalism jobs go
Communications Minister Paul Fletcher is under pressure to allow mergers between regional media companies as fears grow of more job losses.
Brookfield open to working with other Virgin bidders
Brookfield is back in the Virgin race. A big weekend of negotiations loom, but only two bidders can be allowed to go past Monday.
How our very richest tripled their fortunes in a decade
Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Frydenberg talks markets to US Treasury secretary
Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.
Morrison chases history in the footsteps of Hawke
Just as Bob Hawke reached out to business to “bring Australia together,” Scott Morrison reaches out to the trade unions to try to achieve the same result.
US says Chinese helped direct $3.7b to North Korea
The US has charged 28 North Koreans and five Chinese with facilitating more than $3.7 billion in illegal payments for Pyongyang's nuclear program.
Bonfire of dead rules to drive Australia's recovery
Over-regulation risks a "meandering" economy that will struggle to re-employ Australians who have lost their jobs.
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group facesa huge compensation claim after High Court rebuff.
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
Traditional owners consider billion-dollar shot at Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Australia's back in business - but nothing is usual
As the lockdown lifts, pubs, restaurants, tourism operators and funeral homes are all changing the way they operate.
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Welcome to Cold War 2.0
The burgeoning conflict between China and the United States could escalate into an ideological competition that splits the world, and the latest fracas over Hong Kong's autonomy is a potential tipping point.
Brookfield re-enters race for Virgin with surprise bid
It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.
Origin turns to gaming to fend off disruption
Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
Lynas forced to defend disclosure on US military funding
Amanda Lacaze-led Lynas knew the US Department of Department process was on hold in April but she did not alert the market until May 22.
Capitalist Hong Kong survives but freedoms take flight
While new national security laws threaten Hong Kong's autonomy and make the financial centre more risky, investors say business will remain the city's life blood.
Blackmores steadies the ship
The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.
How coronavirus is reshaping the mobility industry, from EVs to supply chains
The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
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 Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
Hidden Cost of Mass Layoffs: Why Job Cuts Won’t Solve States’ Budget Crisis
States and cities are slashing jobs in the face of huge deficits. But making the budget math work isn’t quite so simple.
Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World
The pandemic has merely highlighted the market’s pre-existing conditions.
Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation
The end is near for Pier 1 Imports Inc.
SoftBank Leads $500 Million Funding for Didi Autonomous Unit
Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Boris Johnson Gets a Hong Kong Reality Check
Britain can no longer put business first in its dealings with Beijing. China’s new national security law for Hong Kong demands a broader response
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
Covid-19 Reinforced Our Coffee Addiction
JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic.
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
Five Things You Need to Know to Start Your Day
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Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
SA company probed for non-delivery of PPE to Botswana, bank account frozen
The companies ordered the equipment from Proverbs Medical (Pty) Ltd and paid R1 million but allegedly did not receive the goods.
Prices of certain imports such as rice ‘expected to rise’
Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.
GWM announces senior leadership for its Indian subsidiary
Auto manufacturer GWM has announced the appointment of James Yang as president for its Indian subsidiary. The company has also appointed Parker Shi as managing director for the Indian subsidiary. Continue Reading →
Token distribution for free essentials at ration shops starts in TN
The Tamilnadu government, which has decided to distribute essentials free of cost to family card holders for the month of June too in view of the ongoing Covid-19 induced lockdown, started distributing tokens at doorstep of consumers from today. This will go on till 31 May. Continue Reading →
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
Textile garment workers worst hit by COVID-19 – NUTGTWN
The President, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), Comrade John Adaji has said that workers
Transport fare rises despite drop in petrol price in April
The price paid by passengers for bus, motorcycle and water way journeys rose despite the decline in the petrol price in April.
[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina
Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
No nation has veto power over AfDB, African leaders back Adesina
Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.
Akinwumi Adesina, AfDB President, responds to allegations against him
President of African Development Bank, AfDB, Akinwumi Adesina, has responded the allegations levelled against him by whistleblowers.
US layoffs climb to 41 million, despite business reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country
Sanwo-Olu urged to avert post COVID-19 food crisis
The Lagos State, Governor Babajide Sanwo-Olu has been urged to pay more attention to agriculture to avert food crisis in the Stat
COVID-19: Lagos govt reviews BRT occupancy to 42 passengers
The Lagos State Government has given approval to operator of BRT, to carry 42 passengers seated with no standing as against earlier directive
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
EXPOSED: Presidency Lied, Technical Issues Blanked Out Buhari While Giving Speech During UN Virtual Meeting
...Contrary to Shehu’s claims, the full video of the virtual meeting obtained by SaharaReporters has indeed proven that President Buhari was knocked out of the meeting while still speaking after feeds from Aso Villa failed to get through to other participants of the important event.
How Will Africa Fare After COVID-19? By Haleed Sulemana
The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.
Chairman Of Nigeria’s Revenue Agency Denies Allegations Of Tribalism In Organisation
Nami, who spoke while reacting to the alleged removal of some directors on tribal and ethnic grounds, said that the exercise was done according to the laws of the country.
Islamic State: The Coronavirus Pandemic is a Punishment for Our Enemies
CAIRO (Reuters) - Islamic State (IS) said the coronavirus pandemic was divine punishment for its enemies, according to an audio broadcast on Thursday, where the jihadists also vowed more attacks. The person on the tape, which was posted on one of the militants’ websites but could not be verified by Reuters, identified himself as IS spokesman Abu Hamzah al-Quraishi.
Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures
Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet.
Bulgarians Amongs the Citizens with the Biggest Financial Lost amid Pandemic
The citizens of Hungary, Bulgaria, Italy, Greece and Spain suffered biggest financial loss amidst the coronavirus pandemic.
EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders
A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.
Plans approved for student housing in St Andrews conservation area described as ‘outrageous’
A plan for student accommodation in the historic heart of St Andrews has been described as "outrageous".
Scroll up! Scroll up! Here’s everything you need to know about Scotland’s first virtual agricultural show
Bring out the bunting – Scotland’s summer show season is back in business!
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
Q4FY20 GDP estimates out today: What's in store for India's economy
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.
GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%
Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Did Xi Jinping create tension in Ladakh to mask domestic troubles, strengthen grip on Hong Kong?
Ladakh tension engineered by aggressive Chinese military has got the attention of the UN and the US among others. It also shifted the focus from coronavirus-induced problems of China and Hong Kong protests as Xi Jinping regime passed a law to change its character.
Walmart Telling Photo Lab Employees NOT to Ask for Proof of Copyright
Walmart’s Photo Centers might not seem like a major avenue for copyright infringement or photo theft. But PetaPixel has been made aware of an alleged policy change that makes it far easier for bad actors to use and print professional photos without permission.
BATSA taking government to court again over cigarettes sales ban under level 3
British American Tobacco SA (BATSA) is heading to court again to challenge government’s not to lift the ban on the sale of tobacco products under level 3 of the Covid-19 coronavirus regulations.
NBN Co limits gigabit services to just 7 percent of HFC footprint
Similarly constrains access to 250 Mbps tier.
Fed agencies cop mass fail in core systems cyber review
Just one agency gets 'essential eight' tick for financial, HR systems.
OpenSSH to remove SHA-1 as cracking cost drops
Start the switch to better algorithms.
EUR/GBP retreats from two-month highs, returns below 0.9000
The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at
Gold: Strongly rejected at $1727.37
The trend on the hourly chart below is still firmly down. This current wave higher could be the next lower high and there could be some signs of a rej
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725
The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to
AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment
While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
US Pres. Trump reportedly won't announce additional tariffs on China
According to several news outlets, US President Donald Trump won't announce any changes to the Phase-one trade deal with China. Trump is not expected
Looking for ECB to expand PEPP by €500 billion – TD Securities
Previewing the European Central Bank's monetary policy meeting next week on June 4th, "the focus of the June meeting will likely be the expansion of t
GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump
The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re
BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF
Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
EUR/USD: The trend is positive but a setback is on the cards
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
WTI slips below $34.00 amid risk reset in early Asia
WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco
NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser
The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi
Gold picks up a bid amid losses in the US stock futures
Gold, a traditional safe-haven asset, is drawing bids as the US stock futures are signaling risk aversion. The yellow metal is trading at $1,720 at pr
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump
The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th
China extends its anti-dumping investigation into Australian and Japanese chemical exports
According to Reuters, China announced that it extended its anti-dumping investigation into the Australian and Japanese chemical exports. more to come
AUD/USD: The key resistance area at 0.6658/6706 continues to cap any attempt to break higher – Credit Suisse
AUD/USD is seeing a further attempt to break above the pivotal resistance zone at 0.6658/6706, which ideally continues to cap, according to analysts a
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
Canada: The loonie does not react to better than expected GDP – TDS
Real GDP for Q1 and March surprised to the upside with contractions of 8.2% q/q (TD/market: -10%) and 7.2% m/m (TD: -7.0%, market: -8.5%), per TD Secu
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
Silver Price Analysis: Struggles to gather upside traction despite diamond breakout
Silver is currently trading near $17.41 per ounce, representing a 0.21% gain on the day, having faced rejection near $17.50 on Thursday. The metal wit
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
Hong Kong Govt: Removing US special status is 'double-edged sword'
Responding to Washington’s withdrawal of Hong Kong’s special US status, Hong Kong’s government warned late Thursday that such a move could be a “doubl
GBP/USD: Failing to take over the 1.2360 critical resistance
Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
US Sec. of State Pompeo: Trump to make a series of announcements on China
US President Donald Trump will make a series of announcements on China on Friday, US Secretary of State Mike Pompeo told Fox News on Friday. Earlier i
Breaking: US Personal Spending plunged by 13.6% in April
Personal Spending in the United States declined by 13.6 on a monthly basis in April, the data published by the US Bureau of Economic Analysis showed
Powell Speech: Fed is strongly committed to using its tools
The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]
The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
USD/JPY off lows, still in the red below mid-107.00s ahead of Trump
The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00
NZD/USD faces a tough barrier around 0.6230 – UOB
NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
USD/CNH: Extra gains need to clear 7.2000 – UOB
According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
USD/CAD holds steady, up little around 1.3770 amid weaker oil prices
The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
US Dollar Index drops to 2-month lows near 98.20 ahead of Trump
The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past
GBP/JPY: Downside risk from Brexit and negative rates – MUFG
Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They se
USD/JPY extends rebound and prints fresh daily highs above 107.70
The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the
NZ FinMin Robertson: Economy is opening up and improving
New Zealand’s (NZ) Finance Minister Grant Robertson came out on the wires on Friday, via Reuters, noting that the economy is opening up and improving.
Ruling on plea of sugar mill owned by Sharifs reserved
The plea pertains to the SECP's non registration of the mill's shares.
India sidesteps Trump mediation offer over China border showdown
“We are engaged with the Chinese side to peacefully resolve this issue,” External Affairs Ministry spokesman says.
China faces mounting pressure over Hong Kong security law
US, Britain succeed in securing an informal discussion at the UNSC as Canada and Australia too criticise planned law.
Get Instant PAN Card Through Aadhaar For Free: How to Apply
Online PAN card allotment just got easier and free. No more document hassle, as all an applicant needs is their Aadhaar number.
SwRI receives $1.9 million to identify potential treatments for COVID-19
Using Department of Defense supercomputers, Southwest Research Institute is virtually screening millions of drug compounds to search for and test possible treatment options for the novel coronavirus 2019.
Chile, Peru secure credit lines from IMF amid pandemic
The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.
US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions
The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.The network processed more than $2.
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
China slams 'senseless' US move at UN over Hong Kong
China accused the US of taking the UN hostage on Friday over a controversial security law for Hong Kong and warned Western nations to stay out of its internal affairs.
Pandemic job losses slow down
The pace of job losses is slowing but still extreme, setting the expectation that job loss will still be at a historic high next week.
California elected officials face no pay cuts despite economic turmoil brought by coronavirus pandemic
Despite millions of people continuing to face unemployment, garnished wages, or pay cuts, elected officials in California can consider their salaries safe from reductions during the ongoing coronavirus pandemic.
Tech industry group CEO: 'Amazon is basically providing for the country at this point'
Tech companies have seen increased demand and greater success during the pandemic fallout.
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Home in on that house
If you thought the 2% cut in stamp duty was a good thing, wait a while.
Cabinet Secretary holds meeting with Chief Secretaries
Ahead of the completion of nationwide lockdown 4.0, Cabinet Secretary Rajiv Gauba on Thursday held a meeting with municipal commissioners and district
Release salary of FC employees: EJAC
Employees Joint Action Committee on Thursday urged the government to release the pending salary of the employees of Forest Corporation. A statement said
Transgenders to get Rs 1000 per month pension
The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, accorded sanction to the extension of coverage of
Landslides hit traffic on highway
Traffic remained suspended on Jammu-Srinagar National Highway due to landslide and shooting stones at Morh Gohri near Ramban town since Thursday
'No oral test for posts up to pay level 5'
J&K government has directed that there shall be no oral test for posts up to and including Pay Level 5 (Rs 29,200-92,300) and the selection for all
Ladakh: A new security concern
Kashmir has not stabilised till date. The fragility of the situation is well documented in the national and international media. Kashmir
Privatization of power sector | JKPEECC to hold protest on June 1 to oppose Centre's move
JKPEECC to hold protest on June 1 to oppose Centre’s move | In response to a call given by National Coordination Committee of Electricity Employees and Engineers, which is an amalgam of different power employee
J&K beset with admin inertia, people suffering: Kamal
National Conference on Thursday expressed concern over the state of affairs in J&K saying over the past 10 months J&K continues to grapple with
This four-port portable charging bank is over 20% off today
ITworld covers a wide range of technology topics, including software, security, operating systems, mobile, storage, servers and data centers, emerging tech, and technology companies such as Microsoft, Google and Apple.
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
Taiwan president meets HK dissident, promises support for protesters
Taiwan president Tsai Ing-wen visited a bookstore run by a prominent Hong Kong dissident Friday, repeating promises of humanitarian support and sanctuary for those fighting for democracy in the finance hub.
US approves sale of 84 Patriot missiles to Kuwait
The United States said Thursday it has approved the sale of 84 of the most recent generation of Patriot missiles to Kuwait, plus equipment to modernize the country's antimissile program, for a total of $1.425 billion.
Manning agents question order to shoulder lodging costs for quarantined seafarers
Most manning agency executives are questioning a Department of Labor and Employment order tasking them to shoulder the cost of accommodation for sea-based workers undergoing COVID-19 quarantine procedures.
Clark Airport upbeat on new leadership
The recent appointment of former Philippine Drug Enforcement Agency chief Aaron Aquino as the new president of the Clark International Airport Corp. is a “positive step towards further strengthening the agency’s capacity to develop the civil aviation complex,” Joshua Bingcang, outgoing officer-in-charge of CIAC, said Friday.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
The key to Balik Probinsya success
"The architects of the Balik Probinsiya program may be considered recidivists." The government has put in place a Balik Probinsiya program as part of its strategy for dealing with the coronavirus pandemic. Under the program, the government will pay the back-to-the-province fare – plus some journey money – of Filipinos rendered jobless by the pandemic.
Disinfect to Protect: Lysol’s P36 million funding to help Philippine Red Cross battle COVID-19
Lysol Philippines has partnered with the Philippine Red Cross (PRC) for Disinfect to Protect, a joint mission to ensure everybody is protected from illnesses, by breaking the chain of infection.
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report
The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.
Locust swarms pose threat to aircraft during landing and takeoff phase: DGCA issues guidelines
The Directorate General of Civil Aviation said that pitot and static sources can also get partially or fully blocked while flying through locust swarms.
Two quakes hit Rohtak in one-hour span; tremors felt in Delhi
The first quake, a medium intensity one of 4.5 magnitude, hit the Haryana city at 9.08 p.m. at a depth of 5 km.
Can appreciate limits on airfares as it is a 'very very short term' measure: AirAsia India CEO
Domestic passenger services restarted after a gap of two months on Monday when 428 flights carried around 30,000 passengers to their destinations.
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
Many Canadians shocked by U.S. riots, Canada has racism problem too, PM Trudeau says
OTTAWA (Reuters) - Many Canadians are watching the riots in parts of the United States with shock and horror but Canada also has problems with racism, Prime Minister Justin Trudeau said on Friday.
UK PM Johnson and U.S. President Trump criticise China's Hong Kong plan
LONDON (Reuters) - British Prime Minister Boris Johnson and U.S. President Donald Trump said on Friday that China's plan to impose national security legislation on Hong Kong would undermine the territory's autonomy
Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
Lloyd's of London considers part-virtual underwriting room
LONDON (Reuters) - The Lloyd's of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements. Lloyd's shut its
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Shamika Ravi plagiarism row: ISB says economist 'not permanent faculty'; Brookings pulls 2019 paper from website
Two days after the Indian Express withdrew a piece by economist Shamika Ravi over allegations of plagiarism, the Indian School of Business took to Twitter to state that Ravi was not a permanent faculty at the institute, but rather an adjunct faculty who
European, South Korean authorities vie for COVID-19 antiviral remdesivir
By Carl O'Donnell and Pushkala Aripaka European and South Korean authorities are vying for Gilead Sciences' potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.
China hardens resolve to defy US, even as it speaks of cooperation; Li Keqiang calls for close trade relations
Ignoring threats from Washington, China stripped another layer of autonomy from Hong Kong on Thursday, ploughing ahead with a plan that would ban any form of dissent deemed subversive in the territory reclaimed from Britain more than two decades ago
Singapore to set up 'travel bubbles' with countries where COVID-19 is under control; cases reach 33,860
Singapore is planning to establish
Urban commuters wary of using public transport when lockdown measures relaxed; private vehicles, solo ridership preferred, finds survey
In the times of social distancing, public transport would not be preferred for the next few months, said respondents in a survey
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
SC order on migrant workers a welcome move, but with most labourers already ferried home, it has come a bit too late
Supreme Court directive to the Centre and the states on how the migrant workers' reverse migration should be handled is a welcome move
China public security ministry pledges to 'direct and support' HK police
SHANGHAI — China’s public security ministry pledged to “direct and support” the Hong Kong police force after China’s parliament approved a decision to impose a national security law on the semi-autonomous territory, highlighting Beijing’s intention to take a more hands-on law-enforcement role in the city.
Top Chinese general says need to keep military option for Taiwan
BEIJING — China needs to keep both peaceful and military options to resolve the “Taiwan issue,” a top Chinese general said on Friday.
Attack on Taiwan an option to stop independence, top China general says
BEIJING — China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country’s most senior generals said on Friday, a rhetorical escalation from China aimed at the democratic island Beijing claims as its own.
USMCA poised for star turn and protests in Minneapolis; In The News for May 29
In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what’s on the radar of our editors for the morning of May 29 …—COVID-19 in Canada …The federal government is pumping millions more into helping remote and rural Indigenous communities cope with the COVID-19 crisis.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now:Suicide concernsHealth workers in Japan are worried the economic shock caused by the coronavirus pandemic will see a return to the 14 dark years from 1998 when more than 30,000 people killed themselves annually.
Tokyo to further relax coronavirus curbs on Monday, governor says
TOKYO — Curbs in Japan’s capital of Tokyo to contain the coronavirus are to be eased further from Monday, Governor Yuriko Koike said, citing the recommendation of an advisory panel.
Dutch trade minister candidate to head WTO, broadcaster says
AMSTERDAM — Dutch trade minister Sigrid Kaag is among the candidates to become the next director general of the World Trade Organisation (WTO), Dutch public broadcaster NOS reported, citing sources close to the matter.
Why Big Pharma Is Betting on Blockchain
The pandemic has exposed major cracks in medical supply chains.
Yogi Govt To Sign Pact With Industry Bodies To Provide Employment To 9.5 Lakh Workers Each Year
The Yogi Adityanath led Uttar Pradesh government will today (29 May) sign a memorandum of understanding (MoU) with the industry bodies like Indian Industries Association (IIA), National Real Estate Development Council and Confederation of Indian Industry (CII) to provide employment to 9.5 lakh workers in the state, Times of India has reported.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?
China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent
As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.
Amid Covid-19 Pandemic, Indian Railways Appeals To Vulnerable Persons To Avoid Non-Essential Travel By Trains
The Railways has been running Shramik special Trains on a daily basis throughout the country.
Lockdown 4.0 May Be Last Of Its Kind; Economic Revival Is Now Everybody’s Priority
We should see June as the transition month for a changeover from Lockdown 4.0 to Revival 1.0.
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
Hong Kong’s business hub status imperiled by security law | BusinessMirror
HONG KONG—A national security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business. The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong, already reeling from anti-government protests and…
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
US Defence Secretary Talks To Rajnath Singh, Says Pentagon
US Defence Secretary Mark Esper has talked to his Indian counterpart Rajnath Singh and reiterated his support for a "strong and enduring" bilateral defence partnership, the Pentagon said Friday.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
"Protecting The Protectors": Keeping Haryana's Women COVID Warriors Safe
Several women workers are at the forefront in the battle against the highly contagious novel coronavirus. These women, mostly from rural India, have been working relentlessly with the government, going door-to-door to create awareness.
Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources
Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.
Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20
The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
New Waterways Route To Connect Tripura With Bangladesh: Biplab Kumar Deb
Chief Minister Biplab Kumar Deb on Friday said a new inland waterways protocol route on the Gomati river would connect Tripura with Daudkandi in Bangladesh and ships would start ferrying goods within three months.
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
2,198 Flights Ferried Over 1.65 Lakh People Since Resumption Of Services
More than 1.65 lakh people have travelled in 2,198 flights till Friday afternoon after the government allowed partial resumption of domestic services from Monday amid the coronavirus-induced lockdown.
Karnataka Starts Private Coronavirus Testing For Passengers - At Their Cost
Passengers arriving in Karnataka from coronavirus high-risk states can opt for testing by private labs at their own cost. The test would cost the passenger Rs 650 and would be done using the pooling method.
Qatar Denies Gulf Bloc Exit Rumours On Third Year Of "Illegal Blockade"
Qatar denied on Thursday that it plans to quit the Gulf Cooperation Council as it prepares to mark three years of isolation led by the regional bloc's heavyweight Saudi Arabia.
China To Ban Import Of Pigs From India Over African Swine Fever: Report
Citing concerns over African swine fever (ASF), China has announced that it will put a ban on imports of pigs, wild boar and related products from India.
Bus owners, drivers want curfew time lifted
Kampala, Uganda | THE INDEPENDENT | Bus owners and drivers have asked government to lift curfew times for buses and also allow buses ply border districts through a standard operating procedure. The bus drivers and owners were today appearing before the National Economy of Parliament which is scrutinizing the effect of the coronavirus (COVID-19) pandemic …
PAC queries UGX 573m payment of vehicle for Internal Affairs Minister
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee- PAC central government are investigating an advance payment of the official vehicle for the Minister of Internal Affairs. The committee chaired by Budadiri West MP Nathan Nandala Mafabi was on Friday meeting officials from Ministry of Internal Affairs led by the …
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
Sales of electric vehicles increase
Portugal has seen sales of electric or hybrid cars increase in the first quarter by 57 percent, compared to the same period in 2019, but associations fear that the trend will fall due to Covid-19.
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
Random: Could This Be The Most Pointless Switch Accessory Yet?
CyberGadget's latest is a solution in search of a problem
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
Canada's vulnerable to money laundering on par with similar countries: expert
VANCOUVER — A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Aimia vows to fight Air Canada's court move to halt upcoming merger
TORONTO — Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1
OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
Torstar buyer says Canso picked to provide financing because of media experience
TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Twin depression alert in Arabian Sea as monsoon draws closer
Low-pressure areas at both ends seen intensifying
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
Nifty 50 June Futures (9,404)
The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A
For Yamaha, WFH has ‘no connection with distraction’
It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
Pending vehicle registrations from pre-lockdown time continue
‘Only negligible vehicle sales happen now’
‘Social IQ skills’ are the X-factor that women bring to tech companies
Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies
Fighting Covid-19 and building the future Human Resource Capital
Companies must use the pandemic to prepare for a post Covid-19 world
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Gender inclusion, the Infosys way
Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
An economic Cold War was long coming
The US has always felt threatened by China’s rise. The Covid crisis has sharpened the conflict of economic interests
It’s imperative to make MGNREGS worksites pandemic-safe
Careful work selection, age-appropriate task allotment, monitoring of social distancing could hold the key
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Video | Cement companies report concrete gains despite weak volumes in Q4
Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
IMD sees heavy rain for Kerala, Lakshadweep until Sunday
Monsoon is here all but in name, says Skymet Weather
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
Odisha supercyclone and Amphan: Nights of the storm
Cyclone Amphan revives dark memories of a violent cyclone that battered Odisha a little more than 20 years ago
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
Telecom services unaffected by lockdown in May
‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
RBI imposes monetary penalty on 4 banks
The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat
Expat wonders why they don’t get “thanked” with S$100 utilities credits
Expat wonders why they don’t get “thanked” with S$100 utilities credits
Louis Ng urges Govt to provide more help to older women trying to have children through IVF
Louis Ng urges Govt to provide more help to older women trying to have children through IVF
Netizens weigh in on jobs for foreign workers and locals
Netizens weigh in on jobs for foreign workers and locals
Jolovan Wham donates S$1 more than what Jo Teo required of him
Jolovan Wham donates S$1 more than what Jo Teo required of him
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
Council Approves City Recovery Fund
Wellington City Council has adopted a framework to manage the new Tipu Toa: Build back better, City Recovery Fund.
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
New Exec Chair For NZ Dairy Industry Awards
The New Zealand Dairy Industry Awards Executive have chosen Taranaki dairy farmer and NZDIA Alumni Rachel Short as Chair at a recent board meeting, with Paparimu 50/50 sharemilker Amber Carpenter elected as Vice-Chair.
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
Minimum Wage Hikes And Handouts -Sounds Like Labour
“It sounds like Labour, is what I’m already hearing about National’s promise to raise the minimum wage regularly while handing out money to businesses,” according to ACT Leader David Seymour
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
School Sets Up Virtual Class To Help SMEs
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Christchurch City Council Wins IDC Smart City Asia/Pacific Award For EQRNet
IDC Asia/Pacific announced today the 19 winners for this year’s IDC Smart City Asia/Pacific Awards (SCAPA). Christchurch City Council were named as the winner in the Public Safety- Disaster Response/Emergency Management category for EQRNet - Earthquake Response Management.
B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease
Mid-June earliest for more in-province travel to be authorized
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
US layoffs climb to 41 million despite businesses reopening
WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...
Teenager launches food delivery business
WHILE many lament the harsh economic effects of the dreaded COVID-19 virus, one innovativ...
UN: Virus could push 14 million Latin Americans into hunger
BOGOTA, Colombia (AP) — The US World Food Programme (WFP) is warning that upward of...
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy
According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks
ByteDance plans to shift its power center from China - Gizchina.com
ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China
Samsung Exclusive Stores in India are Now Suraksha-Certified for COVID-19 Pandemic - Gizchina.com
Samsung has now undergone Suraksha training program for its Exclusive Stores in India. This means that all stores will follow safety and hygiene guidelines.
South Africa to open up economy from June under eased lockdown regulations
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from next month as the country further
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector
The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
Akwa Ibom Governor speaks on NDDC director’s death
The Akwa Ibom governor, Udom Emmanuel, has said that the government and people of the state would require answers to certain questions on the death of Ibanga Etang, the acting director of finance in the Niger Delta Development Commission (NDDC).
COVID-19: ICPC commences investigation into distribution of funds, palliatives
The anti-graft agency, ICPC, says it has commenced investigations into alleged cases of corruption in the management of COVID-19 funds and palliatives.
NDDC shuts down operations, directs officials to go into self-isolation
The Niger Delta Development Commission (NDDC) hurriedly shut down its operations on Thursday.The NDDC, through an internal memo announcing the shutdown,
Agriculture's contribution to Nigeria's economy in Q1 'highest in two years' - NBS
The contribution of Nigeria’s agricultural sector to the Gross Domestic Product (GDP) in the first quarter of 2020 was the sector's highest first-quarter
AfDB Allegations: Former presidents of African countries rally support for Adesina
Mr Adesina is currently battling 16 allegations levelled against him by a group. He has maintained he is innocent.........
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes - Premium Times Nigeria
ast year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined.
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need
The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
How Nail Salons Are Planning to Reopen Amid COVID-19
Nail salons across the country are re-opening with new preventative measures in place.
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
New Recycling Consortium an Open Call to Curb Textile Waste in Philly
Recycling start-up Retrievr makes an open call to fashion brands to partake in the recycling journey in Philadelphia.
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Press freedom in Myanmar regresses
Increased arrests of journalists, the partial shutdown of the Internet and the increasing blocking of websites show that the liberalisation of Myanmar's press is in danger.
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
John Lewis is giving customers a £100 gift card with selected electrical purchases
The offer is available to new and existing John Lewis members until June 9
Developer behind Bertha Park project near Perth facing second planning refusal
The Elgin-based builder is seeking to revise its initial designs for the development so it can create 82 new properties in an area it currently has approval to build 68.
Contest: Win a physical copy of Arcade Spirits for Switch or PS4
In today's contest you can win a physical PS4 or Switch copy of visual novel Arcade Spirits! The last true arcade I remember seeing was an Aladdin's Castle at the mall in Virginia Beach. I have fond memories of going there and wasting away ...
Mnangagwa's son speaks on corruption allegations
President Emmerson Mnangagwa's son, Collins Mnangagwa, has furiously denied allegations that he is part of the company which pocketed almost US$1 million ...
As Australia opens back up for businesses, jobseekers are once again searching for roles in hospitality and other hard-hit sectors
The Australian job market has just undergone what will go down as its strangest few months on record, as businesses begin reopening their doors.
Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.
Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…
Spain's government pushes through basic income guarantee to fight poverty
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…
Trump directs action to revoke Hong Kong’s special status in a move targeting Beijing
President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of calling an immediate end to…
Senator sees US sticking to trade deal with China despite pandemic concerns
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade ...
Wall Street retreats ahead of Trump's response on Hong Kong
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its ...
Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet
Twitter CEO Jack Dorsey was informed in advance by the company's staff of a decision to tag a tweet by President Donald Trump as "glorifying ...
Singapore, China to launch 'fast lane' arrangement with COVID-19 measures for essential business, official travel
SINGAPORE: Singapore and China have agreed to launch a "fast lane" arrangement in early June to facilitate essential travel for business and ...
Renault to restructure French factories in high-stakes reboot plan
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume
SINGAPORE: The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in ...
Trump move could scrap or weaken law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including ...
Implementation of new framework for taxi, ride-hailing companies pushed back to October
SINGAPORE: The implementation of a new regulatory framework for the taxi and private-hire car sectors will be delayed again to October, as ...
Bolsonaro urges Brazil's Supreme Court to shelve 'fake news' probe
President Jair Bolsonaro slammed Brazil's Supreme Court on Thursday for investigating an alleged disinformation and intimidation campaign ...
If Trump kicks out Twitter, there's always Germany
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
Renault poised to announce 15,000 layoffs worldwide: union
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...
S&P 500, Dow dip on jitters over Trump's China response
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
North Korea accuses US of hurting its image with cyber threat warning
North Korea accused the United States of smear tactics on Friday after Washington renewed accusations last month that Pyongyang was responsible ...
Twitter hides Trump tweet for 'glorifying violence'
REUTERS: Twitter hid a tweet by U.S. President Donald Trump behind a warning on Friday, accusing him of breaking its rules by "glorifying ...
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Canada's Huawei extradition ruling could unleash more Chinese backlash
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd executive to the United States leaves Canada ...
US major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
Masks, cleaning, filtration better than blocking middle seats: United CEO
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are ...
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Twitter attaches disclaimer to Trump's Minneapolis tweet for 'glorifying violence'
Twitter accused President Donald Trump on Friday of "glorifying violence", attaching a disclaimer to one of his tweets about unrest in Minneapolis ...
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air ...
China says will counter any US actions over Hong Kong Bill
BEIJING: China said on Friday (May 29) it will take any necessary countermeasures if the United States insists on interfering in Beijing's ...
NSA warns of ongoing Russian hacking campaign against US systems
REUTERS: The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that ...
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
Trump's order taking aim at Twitter is 'bluster': legal experts
U.S. President Donald Trump's attempt to curb what he says is social media censorship is a political gambit and will not change the legal ...
German union accuses Volkswagen of 'management errors' that put jobs at risks
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had ...
French mortality rate in May below previous years despite epidemic
French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over ...
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
Uber launches hourly ride booking option in some US cities
Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential ...
Mental health, job opportunities among issues raised by youths in engagement sessions
SINGAPORE: Mental health, future job opportunities and environmental sustainability were among the issues in focus among youths who participated ...
New York's Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear ...
Attack on Taiwan an option to stop independence, top China general says
BEIJING: China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country's most senior generals ...
Vietnamese cops bust US$2.6 billion online gambling ring
Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country ...
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Calm before the storm for Japan suicides as COVID-19 ravages economy
TOKYO: The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the ...
US stocks end lower as China tensions end three-day Dow streak
NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested ...
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Futures hit by Sino-US tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
German official sees Lufthansa bailout in reach, demands fairness
The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
China sanctions not solution to Hong Kong crisis: European Union
BRUSSELS: The European Union said on Friday (May 29) that China's imposition of a security law on Hong Kong had damaged ties with Beijing, but ...
Most court cases will resume with caution after circuit breaker, but remote hearings remain: Chief Justice
SINGAPORE: Most court cases will resume on Jun 8, after about two months of suspended activity with only urgent and essential cases being heard. ...
US Asians, harassed over coronavirus, push back on streets, social media
A spike in harassment of Asian-Americans since the coronavirus pandemic began has led community activists in the United States to fight back - ...
Commentary: Embattled China knows its national priority is the economy
Notwithstanding controversy over a Hong Kong security law and brewing tensions with the US, proceedings at the National People’s Congress and ...
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
US indicts North Koreans, Chinese over money laundering
WASHINGTON, DC: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday (May 28), for operating a money laundering ring ...
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
Nepali Sherpas wait, grow potatoes as Himalayas remain closed due to COVID-19
Had it not been for the coronavirus, Nepali climbing guide Tashi Lakpa Sherpa would have been on Mount Everest now, guiding clients and trying to ...
Google says use existing EU laws, not new ones to govern AI
Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and ...
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
S&P 500 up in choppy action after Trump comments on China
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Los Angeles union, joined by 'Pandemic Pig', demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
Softbank-backed Coupang under scrutiny after South Korea warehouse virus outbreak
Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics ...
Talks on support for German car industry delayed: Bild
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus ...
Trump considering legislation that may scrap law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including ...
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
Trump move could scrap or weaken law that protects social media companies
WASHINGTON: President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, ...
Hong Kong government warns removing US special status is 'double-edged sword'
HONG KONG: Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial ...
Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
What's in the law protecting internet companies - and can Trump change it?
REUTERS: U.S. President Donald Trump is expected to order a review of a federal law known as Section 230, which protects internet companies like ...
US major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
No workplace gatherings, socialising among employees when office operations resume after COVID-19 circuit breaker: MOM
SINGAPORE: Employees should not socialise during or outside working hours, even when office operations resume during Phase 1 of Singapore’s ...
Trump's order taking aim at Twitter is 'bluster': Legal experts
U.S. President Donald Trump's attempt to curb what he says is social media censorship is a political gambit and will not change the legal ...
COVID-19: FairPrice Group, WhyQ launch zero-commission islandwide food delivery platform
SINGAPORE: FairPrice Group and food delivery start-up WhyQ have launched a new digital platform offering islandwide food delivery at zero ...
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Gold Up on Back of Mounting U.S.-China Tension
Gold Up on Back of Mounting U.S.-China Tension
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines cutting 13 top jobs under fresh restructuring
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
U.S. senators urge probe of TikTok on children's privacy
U.S. senators urge probe of TikTok on children's privacy
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
Asia Session: Asia Booking Profits Ahead Of The Weekend
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Fed's Mester says it's hard to imagine quick V-shaped recovery
Fed's Mester says it's hard to imagine quick V-shaped recovery
House Democrats launch inquiry into Medicare stimulus payouts
House Democrats launch inquiry into Medicare stimulus payouts
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Sale of shut Philly refinery to real estate developer delayed
Sale of shut Philly refinery to real estate developer delayed
Exclusive: White House kept FDA in the dark on Russian ventilators for New York and New Jersey
Exclusive: White House kept FDA in the dark on Russian ventilators for New York and New Jersey
Asian Stocks Down as Investors Await Trump Action
Asian Stocks Down as Investors Await Trump Action
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
U.S. to End Hong Kong's Special Treatment, Trump Says
U.S. to End Hong Kong's Special Treatment, Trump Says
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
Trump threatens 'shooting' response to Minneapolis riot over police killing
Trump threatens 'shooting' response to Minneapolis riot over police killing
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
3 Recent Catalysts For Bitcoin
The first involves Square (SQ), which made recurring Bitcoin purchases available to its Cash App customers. The second news involves Shopify (SHOP), which renew
Bears Trade By Day, Bulls By Night
Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript
ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript
RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
Weekly Sentiment Indicators Improving
33.07% of respondents in AAII's weekly sentiment survey reported as bullish this week, up from 29% last week. After the 1.17-percentage point decline to 42.13%
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
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The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript
CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon
Westlake Chemical Corporation: Too Early To Go Long Here
First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1
Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript
Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,
J. C. Penney Goes Bankrupt With No Recovery For Shareholders
J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating
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Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript
Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
Wall Street Breakfast: U.S.-China Tension Ratchets Up
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 (click the highlighted
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
Tesla Ready For Import/Export, Taking The BEV Beyond Transport
Report that Tesla has (almost) implemented the ability for two-way electricity flows in their BEVs with hardware already largely implemented in the Model 3. Tes
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Amazon Faces A Brand New World
The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
Tata Motors Trading Near All-Time Low Ahead Of Earnings
Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Elastic: Attractive Expansion Around Its Core Competencies
Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai
Learning From The Ups And Downs Of The Stock Market
Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
VIXM: Here's Why It Is Likely Going To Keep Dropping
VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
Dumpster Diving: (Potbelly Corp. Edition)
Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at
REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions
Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed
The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling
Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability
Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
Dundalk Shoppers: New 'Traffic Light' queue system to be rolled out at Lidl stores
Lidl Ireland are introducing a new Covid-19 queue management system designed to control the number of customers entering and exiting the store at any one time, in order to maintain social distanc...
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
JobKeeper could be extended, says Peter Dutton
Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.
Stephen Mayne: Time for the Murdochs to sell out of News Corp
Rupert Murdoch needs to put up money to support Australian journalism, or be forced to sell the company, Stephen Mayne argues.
Fortescue and Andrew Forrest lose High Court appeal over exclusive native title of WA’s Yindjibarndi people
Australian mining giant Fortescue Metals Group (FMG) has lost its High Court bid to appeal against a native title determination that covers one of its
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Federal government to clear all Centrelink robo-debts, refund money
More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.
Feds won't force airline ticket refunds for COVID-19 cancellations
The federal government is signalling that it won't force airlines to offer refunds to ticket holders for flights cancelled during the COVID-19 pandemic.
Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'
The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.
16 Passengers In IndiGo, Other Airlines Test Positive For Covid-19 After Resumption Of Domestic Air Travel
Ever since domestic air travel restarted from May 27, over 16 passengers have tested positive for coronavirus despite stringent precautionary measures.
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
EU Releases 500 Million Euro Final Loan Tranche To Ukraine
The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.
U.S. Warns Of Russian Hacking Group's Attempts To Gain 'Dream Access' To Computer Systems
The U.S. National Security Agency (NSA) on May 28 warned government partners and private companies about a Russian hacking operation that it says uses a special intrusion technique to target operating systems often used to manage computer infrastructure.
US takes action against China over Hong Kong
The United States will begin the process of withdrawing special trade benefits for Hong Kong because of the Chinese government’s imposition of a new security law in the semi-autonomous city.
Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019
Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture.
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
Security law ‘puts Hong Kong’s appeal for business at risk’
Hong Kong’s status as a leading place to do business could be in peril following the adoption of a national security law.
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
Rare Red forest fire warning issued
The forest service has issued a rare Red forest fire warning as high temperatures and dry weather look set to persist into the weekend.
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme
PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
Singapore to establish AI framework for 'fairness' credit scoring metrics | ZDNet
Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.
Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet
Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.
GitHub warns Java developers of new malware poisoning NetBeans projects | ZDNet
The malware's end goal was to install a remote access trojan and grant hackers access to highly sensitive workstations were sensitive projects were being developed.
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Pay.UK rolls out Request to Pay framework
Pay.UK has issued the message standards, rules and terms and condition for the development of Request to Pay services.
High Tech's Vital Role In The Fertility Of Agribusiness
The advancements made in just the past decade have completely revamped agribusiness.
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
Recent Hiring Data Shows Gaming And Esports Companies Not Immune To Economic Woes
Consumers are turning to gaming and esports companies for entertainment during difficult times. So how are these companies faring during the pandemic?
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Are State Reopening Policies Turning The Economy Around?
There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Got Cryptocurrency? Get Ready For An IRS Audit
The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.
What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?
As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand
During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.
Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus
Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials
Post-Pandemic Music Industry Predictions: The Consolidation Of Power
The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?
What Two Things Make Flyers Feel Safest Regarding COVID-19? See J.D. Power 2020 Airline Study
The industry will need to focus on restoring confidence, while continuing to improve on the operational side.
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
Sex Workers Get Back To Business In Switzerland But Told To Social Distance
As Switzerland relaxes its lockdown measures, prostitution can resume from 6 June. Other sports, including boxing and ballroom dancing, however, remain forbidden.
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
Trump Says Will Revoke Hong Kong Special Status, Reviews China NYSE Listings
A new day for Hong Kong. The breakup begins now.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
What The Pandemic Means For The Gender Wage Gap
What can be done to close the wage gap, and decrease the disparity between men and women’s retirement income? It comes back to offering women caregiving benefits and work flexibility.
First Solar Stock Set To Surge To Pre-Covid Peak Of $57?
Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
14 Return-On-Equity Champions With Warren Buffett Fundamentals
Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.
What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series
The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
Earnings Preview: What To Expect From Zoom On Tuesday
Zoom is expected to earn $0.09/share on $203.02 million in revenue. Meanwhile, the so-called Whisper number is $0.10/share. The Whisper number is the Street's unofficial view on earnings.
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Should You Pick Ameren Over NextEra?
he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...
THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market
This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
10 things you need to know before the opening bell
This is what traders are talking about.
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
The average cost of car insurance in the US
The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
Air Canada is using its business class-only private jets on some routes to make social distancing in the sky easier — take a look at the unique plane
The sub-fleet, known as Air Canada Jetz, typically fly sports teams and its aircraft feature all-business class seating with no pesky middle seats.
Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout
The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
Shifting Gears: Meet Amazon's most important man who's not Jeff Bezos
In this week's newsletter: Inside Amazon's logistics machine, how to find a steal of a used car, and looming airline layoffs.
Maharashtra CM's not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
Top Chinese general says need to keep military option for Taiwan
China News: BEIJING: China needs to keep both peaceful and military options to resolve the "Taiwan issue", a top Chinese general said on Friday.
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
FDI inflows surge 18% in 2019-20 to record $74 billion
India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard
Ailing people, kids, pregnant women should avoid travel: Railway
India News: NEW DELHI: The railway ministry on Friday appealed to people with pre-existing medical conditions, pregnant women, children below 10 years and those a.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
Existing mechanisms with China being used to resolve Ladakh standoff: India to US
India News: Defence minister Rajnath Singh conveyed India's position to US defence secretary Mark T Esper on Friday sending a clear message to Washington for the
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Amit Shah speaks to CMs on way ahead after Lockdown 4.0
India News: Union home minister Amit Shah on Thursday spoke to all chief ministers on the lockdown enforced to contain the spread of Covid-19 amid indications tha
Amit Shah meets PM Modi; briefs on CMs views on lockdown
India News: Union home minister Amit Shah on Friday met PM Modi and informed him about the views of all chief ministers on the extension of the ongoing nationwide
Covid takes toll on core sector, output slumps 38% in April
India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
RBI imposes Rs 4 crore penalty on Citibank
India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.
Maharashtra CM’s not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
18 flyers who flew in last 3 days test positive for Covid-19, say airlines
India News: NEW DELHI: At least 18 flyers who flew on different domestic routes of two airlines in the last three days have tested positive for coronavirus, airli.
Shramik trains ferry over 48 lakh since May 1
Shramik trains ferry over 48 lakh since May 1 New Delhi: The Indian Railways has ferried over 48 lakh migrant workers on board 3,736 ‘Shramik Special’ trains since May 1, according to official data.Of these, 3,157 have reached their destination, while 386 are in transit. The top five states and UTs from where maximum trains […]
PM, HM working on revised lockdown strategy
PM, HM working on revised lockdown strategy Prime Minister Narendra Modi and home minister Amit Shah are in a huddle as they deliberate over the strategy out of lockdown as its fourth phase draws to a close this week. The escalation in numbers might prove to be a big worry as the country reported 7,467 […]
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
ASB Quarterly Economic Forecast: Fast and furious
New Zealand is emerging out of lockdown into a very different world to the one we all heralded in at the start of the year, and although for us the health crisis may be easing, the economic one is only just starting.
Road User Charges from 1 July 2020 - NZ Post
The Government has recently announced changes to the Road User Charges (RUC), which will take effect from 1 July 2020. See the Ministry of Transport website for more information.
Samoa to welcome series of repatriation flights - Air New Zealand
It’s on its way - the first of a series of repatriation flights has departed Auckland on its way to Apia as Air New Zealand works with the Samoan government to return Samoan citizens home.
Survey shows Queenstown is open for business - Destination Queenstown
A survey of local tourism businesses recently undertaken by Destination Queenstown shows that 96% of respondents will be open under level 2 for the winter season.
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
School sets up virtual class to help SMEs - Selwyn College
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Covid-19 rise in video calling inspires TSB Virtual Bank
TSB Virtual Bank has launched today giving New Zealanders based anywhere in the country an online branch where they can discuss their home lending needs via video call, join the Bank and open accounts.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
US takes action against China over Hong Kong
The president also said the US would be suspending entry of certain Chinese citizens.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
Famous tourist sites remain closed as lockdown rules are eased
Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.
EasyJet to cut 30% of staff and reduce fleet
THOUSANDS of easyJet staff are to lose their jobs, the airline has announced as it restructures following the coronavirus pandemic.
Farmers ‘managing’ but could lose new staff as businesses reopen
THE farming industry is ‘managing’ despite the loss of foreign labour during the pandemic, but concerns are growing about possible staff shortages when other sectors reopen, an industry spokesman has said.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
LibertyBus receives £400K as numbers drop by 96%
LIBERTYBUS is to be given almost £400,000 by the government after its services became financially unviable amid the Covid-19 crisis.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
BC farms need workers
The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic.
Stonewalled on mussels
Earlier this month, the Okanagan Basin Water Board reminded the public that the battle against invasive mussels hasn't gone away during the COVID-19 pandemic.
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
The end of Hong Kong?
Dissident Chinese artist Ai Weiwei believes a newly passed national security law for Hong Kong augurs the end for the semi-autonomous city.
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Feds won't mandate refunds
The federal government is not committing to a bailout of the Canadian airlines sector - but is also not planning to require air carriers to refund ticket holders for the flights cancelled during the COVID pandemic as some consumers have requested.
Vestager hits back at Lufthansa bailout criticism
Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.
Amazon Sellers Are Marking Products As 'Collectible' To Get Around Price Gouging Rules
Amazon has suspended thousands of third-party sellers for price gouging during the COVID-19 pandemic, but sellers have found a loophole to avoid detection when raising prices: labeling their products as "collectibles," even if there's no conceivable way they could be. The Verge reports: Take this B...
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
CMC makes ‘anti-Covid divider’ for PUVs
Centro Manufacturing Corp., a truck body builder, is now producing dividers for public utility vehicles to help prevent the spread of the coronavirus disease 2019 in public transportation.
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
Build, Build. Build projects resume
THE Department of Public Works and Highways announced that infrastructure projects under the government’s Build, Build, Build Program in various places nationwide have recommenced, which will fuel government’s bounce back plan to help the economy recover quickly.
International Update: Global Covid-19 infections exceed 5.8 million – more than 100,000 covid deaths in US
29 May Global: The number of people infected by Covid-19 has exceeded 5.8 million, according to data compiled by Johns...Read More...
Epiroc secures contract from Codelco for Chuquicamata mine in Chile
Epiroc has secured a large equipment and service contract from Chilean state-owned copper miner Codelco for use at its Chuquicamata mine in northern Chile.
Endeavour Silver resumes operations at three Mexico mines
Canadian miner Endeavour Silver has resumed mining operations at its three underground silver-gold mines in Mexico.
National Marker Company (NMC): High-quality custom signs endorsed by Carroll
National Marker Company (NMC) has been providing high-quality safety identification products and custom signs for more than 80 years.
Federal Pacific: Power equipment endorsed by Carroll Technologies
Federal Pacific manufacturers a wide range of products used for the generation, distribution, transmission and control of electricity.
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Endeavour receives shareholder approval for Semafo merger
Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.
Najib Denies Using An Israeli Company To Spy On Civilians And Opposition
The operation by Najib's administration and the company was called 'Project Magnum'.
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
'It's not as attractive as it was': New security law puts pressure on businesses in Hong Kong
Chinese leaders said the new law was needed to combat unspecified threats in the semi-autonomous region.
At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation
At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Best Bank Accounts
Martin Lewis reveals how to compare and switch to the best bank accounts that can save you £100s a year.
Government's self-employment support scheme extended – what you need to know
The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months, the Chancellor has announced today. It's also said this will be
Are Jobs Returning In Reopened States?
States open the longest have been a mixed bag.
Glasgow garage boss flogging cheeky ‘wee f*nny’ number plate – and it could be yours for £25,000
A GLASGOW garage boss is selling his prized W33 FNY number plate – and it could be yours for a cool £25,000. Matt Kandola has spent the last five years with the cheeky plate on his R35 Nissan…
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Delhi HC seeks RBI’s reply on expired cheque due to covid-19
The case of the petitioner was that he is aggrieved by the act of bank in refusing to honour a cheque dated 16 January 2020 for an amount of Rs.10 lakhs on the ground of instrument being staled
Donald Trump’s order may expedite social media regulations in India
The order puts the spotlight back on India where the government has been considering regulating social media platforms to curb fake news and hate speeches
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
India’s coronavirus death count tops China as new cases spike
India's reported cases of 165,799 infections is the ninth highest globally, according to data from Johns Hopkins University.The mortality rate from Covid-19 in India stood at 2.8% against world average of 6.2%
Franklin Templeton’s legal troubles rise as Madras HC issues notice
The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June
Finance secretary urges BRICS nations to share covid-19 related tax measures
Since March, the government slew of measures to help the industry tide through the covid-19 crisis, including deferring several compliance requirements.The meeting of the heads of tax authorities from five large emerging economies of the world on Friday was hosted by the Federal Tax Service of Russia
Donald Trump announces probe of Chinese companies listed in US
Among the largest were e-commerce giant Alibaba, China's largest oil producer PetroChina and Sinopec, the world's largest oil refiner.The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom
More than 1.65 lakh people travelled in 2,198 flights since Monday: Puri
Civil Aviation Minister Hardeep Singh Puri said, 'Our airports continue to function smoothly'.Private carriers have operated a total of 2,198 flights till 5 pm on Friday -- 428 on Monday, 445 on Tuesday, 460 on Wednesday, 494 on Thursday and 371 on Friday
Railways asks people with serious health issues to take trains only if necessary
Railways has been drawing flak over the last few days due to inordinate delay of Shramik Special trains.Railways have maintained that those who died in the trains were old and with chronic disease
Europe airs 'grave concern' over China's move in Hong Kong
The European Union voiced 'grave concern' over sweeping new Chinese national-security legislation in Hong Kong and questioned China’s respect for its international commitments
Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI
Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
Finance ministry not in favour of raising GST rates on non-essential items
Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.
Output of eight infrastructure sectors contracts by 38.1% in April
During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively
Coronavirus: Sun Pharma to test pancreatitis drug in COVID-19 patients in India
Sun Pharma said the pancreatitis drug, nafamostat mesilate, has been identified as a potential candidate for COVID-19 patients by scientists at University of Tokyo and Leibniz Institute for Primate Research, Germany
As job loss mounts, labour ministry ties up with TCS iON for career counseling
The career counseling service will be offered on the national career service (NCS) platform for free in Hindi and English languages, and try to cover the soft skills and basic job skills that industries demand
GST Council may find it difficult to raise GST rates
It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April
Locust swarms pose threat to aircraft during landing and takeoff, says DGCA, issues guidelines
Locusts are found at lower levels and therefore pose a threat to aircraft in the critical landing and takeoff phase of the flight.Almost all air intake ports of the aircraft will be prone to ingestion in large numbers, if the aircraft flies through a swarm, DGCA said
FDI inflows from Caymans triple
FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
Finance ministry not in favour of raising GST rates on non essentials
Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year
Mini-grid services continue to drive rural India’s need for power supply: Survey
Economic activities have continued to witness major drop in the mini-grid villages.Direct Government interventions have provided relief
Mumbai coronavirus update: 99% ICU beds in hospitals are occupied, says BMC
Mumbai, India's financial hub, recorded over 35,000 coronavirus cases.Out of 645 ICU beds in Mumbai, 99% were occupied, according to the data released by BMC
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore
Railways to operate 10 more passenger trains from June 1
Federal Minister for Railways Sheikh Rasheed Ahmed said on Friday that from June 1, around 10 additional passenger trains will begin operations.Talking to a private news channel, the minister said
KP government asked to allow business activities 24/7
PESHAWAR: The business community in Khyber Pakhtunkhwa (KP) on Friday demanded an end to the ongoing coronavirus lockdown and asked for permission to resume businesses across the province 24/7.The
£400k for IoT security design schemes
The government has launched a £400,000 funding pot for innovators to design schemes to boost the security of internet-connected products, Digital Infrastructure Minister Matt Warman announced today.
Viewpoint: Making additive manufacturers smarter via the digital twin
In the last decade, an exciting dynamic is propelling manufacturing towards 3D printing, or additive manufacturing (AM), writes Bill Davis of Siemens Digital Industries Software, discussing the digital twin.
US strategy document formalises the threat of China and the US response
America has formalised its concerns about the political, economic and military threat which China poses for the world and has set out its proposals for dealing with it.
UltraSoc and Canis Auto Lab address CAN bus cyber threat
UltraSoC and Canis Automotive Labs are addressing a cybersecurity vulnerability in the automotive industry – the lack of security features within the CAN bus.
Report: US considering charges against Venezuela's first lady
Four years ago, a minor player in the Venezuelan leadership was arrested in Colombia and extradited to the United States to face drug charges. He proved to be an important catch.
Reports of Qatar leaving Gulf bloc 'incorrect and baseless'
Qatar has denied reports that it plans to quit the Gulf Cooperation Council (GCC) as it prepares to mark three years of a blockade imposed by its neighbours Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt.
The rushed easing of lockdown measures could devastate Italy
When the novel coronavirus began spreading across the world earlier this year, Italy quickly became one of Europe's worst-affected countries and went into lockdown. Schools, shops, leisure centres and churches were swiftly shut and all Italians were told to remain indoors as much as possible.
The Idea of India: Crimes Against Migrants
The Idea of India is HuffPost India’s monthly conversation about how we see ourselves as a people and as a nation.
India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20
Output of eight infrastructure sectors contracted by 38.1% in April.
As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon
With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
How to put 'found money' generated from pandemic savings to good use
CALGARY - An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no plac
Ai Weiwei says new security law is the end of Hong Kong
SEOUL, Korea, Republic Of - Dissident Chinese artist Ai Weiwei believes the newly passed national security law for Hong Kong augurs the end for the semi-aut
Safety board wants more oversight, training in wake of 2019 tug sinking in B.C.
VANCOUVER - The Transportation Safety Board says the sinking of a tug and its barge on B.C.'s Sunshine Coast highlights the need for increased oversight and
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Nissan falls behind rivals in industry's critical transitional period
Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.
Consumer confidence up for first time in five months in Japan
The figure is the second-lowest since April 2004 and lower than the 27.5 posted in January 2009 during the global financial crisis.
Madhya Pradesh launches ‘Rozgar Setu’ scheme for skilled workers
State is the first to devise such a work plan for those who returned, says CM Shivraj Singh Chouhan
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
HC declines to stay VACB probe
50 acres of farmland purchase by Jacob Thomas in Tamil Nadu
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
No need for testing labs in all districts, govt. tells HC
State directed to file affidavit on June 1
‘Cut cigarette taxes to pre-GST levels’
This will help to bring market share of smuggled foreign brands: FAIFA
Street vendors want to resume business
With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In
Government reviews Bev Q amidst mounting complaints from the public
Mounting exasperation among the public over the glitches in the smartphone-based liquor purchase application, Bev Q, has forced the government to rethink its plans.Excise Minister T. P. Ramakrishnan h
State seeks Centre’s permission to broadcast educational content on DD, AIR
Varsha Gaikwad writes to I&B Minister seeking 12-hour transmissions on DD National channels and 2 hours on AIR
‘Can govt. grant exemption to all factories from law extending working hours?’
The Karnataka High Court has directed the State government to explain if it can grant to all factories exemptions from the provisions of the Factories Act allowing the factories to extend working hour
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
Telecom regulator moots national numbering plan
Recommends 11-digit mobile numbers, among other things
Central Vista: new buildings on KG Marg, Africa Avenue proposed for relocating govt offices
Projects to construct ‘steel structures’ were considered by DUAC on April 23 and May 15, but not passed
GST Council likely to meet in mid-June
Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended
Rain inundates underpasses in Coimbatore city
The rain left low lying areas and underpasses in the city inundated forcing the Coimbatore Corporation to remove the water before traffic resumed on Friday morning.
Uber lays off more employees
Several employees at Uber’s Hyderabad offices have been laid off, as part of the company’s global job cuts.Employees from the Kondapur office said that the lay-offs started on Tuesday. An exact figure
Tamil Nadu Chief Minister sanctions funds for protection of bug-hit tapioca, launches development projects
Chief Minister Edappadi K. Palaniswami, in a statement issued on Friday, said he had sanctioned a sum of ₹54.46 lakh to protect tapioca crops
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Conmen create fake FB account of senior IPS officer
Followers lured with attractive investment plan
Pradhan envisages home delivery of petrol, CNG
“The government has already started mobile dispensers for diesel.”
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
Car used in foiled Pulwama attack was owned by Hizb militant: police
The vehicle belonged to Hidayatullah Malik, an active Hizb-ul Mujahideen militant, from Shopian's Sharatpora.
PUDR sees ‘malafide intentions’ in NIA taking Navlakha to Mumbai
NIA’s actions had rendered his bail application in Delhi meaningless, it says
Drop power privatisation plan: Puducherry MP
N. Gokulakrishnan says Centre’s move will affect farmers and the poor
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Sun Pharma gets nod for drug trial in COVID-19 patients
DCGI approves testing of pancreatitis drug Nafamostat
Swab test on all inter-State passengers at Madurai airport
Till Thursday, the test was done only on Madurai-bound passengers
Coronavirus lockdown | Eight States, UTs yet to lift foodgrains meant for migrant workers
Eight States have so far not lifted any foodgrains allocated by the Centre under the Atma Nirbhar Bharat package, which aims to ensure free supply of foodgrains to all migrants who are not covered und
Public Works Department resumes work at major project sites in Tamil Nadu
Officials say finding workers for the various projects is a challenge during the lockdown, as many have left for their hometowns
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
Constitute SHRC immediately: advocates
Advocates staged protests across the State on Friday demanding constitution of the State Human Rights Commission (SHRC), under the aegis of All India Lawyers' Union, Indian Association of Lawyers,
Road caves in as sewer line bursts
A portion on the southern stretch of Dr. Krishnasamy Road, near the CS&W Mill, caved in on Friday morning after a main sewer line beneath it burst.According to sources in the Corporation, the
Foreign Direct Investment inflows into Tamil Nadu declined by 8.5% in 2019-20
A senior State government official however said it had been a good year for investments for Tamil Nadu
Rajasthan rolls out job plan for migrant workers
Family food survey launched to ensure food security
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Tiruvarur to get 405 solar-powered farm pumpsets
The Ministry of New and Renewable Energy has allocated 405 solar-powered farm pumpset connections to Tiruvarur district under the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PMKUSUM) Sc
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Coronavirus | Koyambedu cluster happened despite precautions, Madras High Court told
‘CMDA distributed masks and disinfected premises daily’
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
GDP numbers a telling commentary of BJP’s economic management, says Congress
Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
CMO to ‘chase’ single window clearances for building permissions
TS-bPASS would come into operation from June 2
CBI opens probe into cash transactions of Tablighi Jamaat
Foreign funds given to the organisation are also under the scanner
‘Use CSR initiative to help needy people in Kollidam’
A public welfare organisation has approached the Nagapattinam district administration seeking utilisation of the CSR (Corporate Social Responsibility) funds of the Oil and Natural Gas Corporation for
Concession in fixed charge of power bills
The government has decided to grant 25% concession in the fixed charge of the power bills of commercial and industrial units and private hospitals for March, April and May and granted time up to Decem
Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months
Parvathipuram MLA, Collector take the initiative
HC imposes cost on recreation clubs
They had sought permission to supply liquor to members, guests
When every order is a seed: How to buy produce in advance and aid farmer rescue projects
Apples, honey and veterinary kits — how these social entrepreneurs are getting consumers involved in farmer rescue projects
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
Huge fire at industrial estate as 200 TONNES of paper goes up in flames
The blaze broke out in Wigan earlier this evening
Dramatic photos show fire tearing through 200 tonnes of paper at industrial estate in Wigan
The smouldering paper sent smoke billowing into the air
Trafford Council lends Manchester Airport nearly £13m as part of major loan package
Concerns have previously been expressed about the authority's level of borrowing by its own councillors
Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus
The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19
Celebrities unite to slam British Airways over plans to axe 12,000 jobs and 'slash' pay
Stephen Fry, Lee Westwood and others have united to condemn British Airways, claiming the airline is using the coronavirus crisis to 'wreck workers' terms and conditions'
Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today
On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers
Job-seekers targeted in upfront fee scam
Recruitment firm claimed farm workers needed criminal background checks
BREAKING: KFC to reopen 200 restaurants - with 350 open for takeaways
The fast-food giant says it will bring the number of outlets that have reopened to 700 - but warned customers that things will look different, with staff set to serve them from behind plastic screens
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Chinese general threatens attack on Taiwan to stop independence
Although China has never renounced the use of force, it is rare for a top, serving military officer to so explicitly make the threat in a public setting.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
North Koreans charged in wide-ranging $3.7b sanctions-busting scheme
The indictment is believed to be the largest criminal enforcement action ever brought against North Korea.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi
Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries
San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets.
Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can
Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple
XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
Pie Insurance Secures $127 Million Through Latest Investment Round
Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin
Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network
BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and p
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
What’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions.
North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report
More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo
What every Canadian investor needs to know today
A look at the morning’s market action
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
CannTrust plans to restart Niagara greenhouse after Health Canada reinstates licence
The cannabis company says it cannot say when its products will be available in the market as that depends on a Health Canada decision regarding its manufacturing facility in Vaughan, Ont.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
Opinion: The fall of Canada’s razzle-dazzle paper. Can it find glory again?
If the Toronto Star is ever to retrieve its old glamour, it will have to purse a death-or-victory strategy
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
Tencent in talks to buy Warner Music stake: report
The listing by the world’s third-largest recording label could potentially be the largest New York IPO so far in 2020.
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Shaw seeks exemption from having to provide new one gigabit internet service to wholesalers
Shaw argues that its phone-company competitors are not subject to the same requirements as cable companies, which creates 'regulatory asymmetry’
The Globe’s stars and dogs for the week
A humorous look at the companies that caught our eye, for better or worse, this week
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
UN chief warns leaders pandemic may cause historic famine
Secretary-General Antonio Guterres warns up to 1.6 billion people may be unable to earn a living unless action taken now
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
Reuters: Wizz Air expands with new bases in Italy, Cyprus, Ukraine and Albania
Eleven new aircraft will be deployed at the new bases and there will be 50 new routes.
Forbes: Russia's new assault ship might look familiar to French Mistral
Project 23900, set to be developed in the occupied Crimea, is a "clone" of the French Mistral design.
Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19
The second cause is low productivity.
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
The Great Bears do the bear market rally
Cross-posted from ZeroHedge is a fabulous post gathering together the world’s great bears.
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
Najib Razak Allegedly Engaged Services Of Israeli Cyber Startup To Spy On Opposition
It’s been two years since Malaysia made history by electing a new party to lead the country and dethroned the former prime minister, Najib Razak, and the
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
Kathmere Capital Management LLC Purchases 3,849 Shares of Apple Inc. (NASDAQ:AAPL)
Kathmere Capital Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,509 shares of the iPhone maker’s stock after buying an additional 3,849 shares during the quarter. Apple accounts for 0.9% of […]
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Apple Inc. (NASDAQ:AAPL) is Wade G W & Inc.’s 3rd Largest Position
Wade G W & Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,339 shares of the iPhone maker’s stock after selling 8,544 shares during the quarter. Apple accounts for […]
Apple Inc. (NASDAQ:AAPL) Shares Acquired by Noesis Capital Mangement Corp
Noesis Capital Mangement Corp lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,412 shares of the iPhone maker’s stock after buying an additional 541 shares during the period. Apple […]
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter
Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)
Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]
Samsung's global wearables shipments grew by 71% for the first quarter of 2020
The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.
Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound
Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.
Italy wants independent probe into origin of pandemic, backs India’s call for reform of WHO: Italian minister
With Italy and India set to take on the presidency of the G20 in 2021 and 2022, Amendola said the two countries would also play a key role in helping shape the post-Covid-19 world order, including global supply and value chains and ways to recover from the economic crisis created by the pandemic.
Europe reaches a tipping point over China’s Hong Kong gamble
European anger is palpable, and there are signs that China’s moves could have ramifications further down the line, by speeding European efforts to adopt a more unified industrial policy and influencing decisions on the role of Huawei Technologies Co. in 5G networks.
EU weighs China policy amid concern over Hong Kong moves
The ministers, holding talks via videoconference, are weighing the need for firm policy against the damage that it might do to business ties between the Asian economic giant and the world’s biggest trading bloc.
Trump moves to revoke Hong Kong’s trade status, stoking China Rift
Citing a litany of grievances against the country, some dating to before he was elected president, United States President Donald Trump said the US would begin a process to revoke Hong Kong’s preferential trade status under US law.
Hong Kong govt warns removing US special status is “double-edged sword”
The statement came as US President Donald Trump is due to announce later on Friday his response to the Chinese parliament’s advancement of national security legislation for Hong Kong.
Kojima says Death Stranding was profitable enough to fund next game project
Death Stranding, also known as 2020 Simulator, did well enough to ensure that Kojima's next project received funding and the developer could recoup costs.
BBVA calls for easing of coronavirus restrictions
Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy
‘A broken piece of jade’: the turbulent future of Hong Kong
The city’s unique role as a halfway house between China and the rest of the world is now under threat
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
Ed Miliband demands more state support to rescue UK steel sector
Former Labour leader says government should consider taking equity stakes in struggling manufacturers
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
PizzaExpress to launch pasta delivery service in hunt for revenues
Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
UK’s Project Birch revives age-old problem of ‘picking winners’
State aid policy must stand on its own merits and not be muddled up with Covid-19
Donald Trump to revoke Hong Kong trade privileges in China escalation
President also says US will withdraw from World Health Organization over pandemic response
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
US graduates in crisis: ‘Entry level jobs are not safe at all’ | Free to read
Economists warn downturn could reshape the lives of American youth for decades to come
Tobias Moers: Engine king of Mercedes takes wheel at Aston Martin
AMG chief is ‘diametric opposite’ of ‘nice’ predecessor Andy Palmer
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
HSBC told not to take ‘unique Hong Kong privileges’ for granted
Pressure on territory’s businesses to back new national security law being imposed by Beijing
The reality of the 'new cold war' with China
It's a good time to be a China hawk. Beijing's new national security law for Hong Kong, the latest effort to neuter the region's promised autonomy, has rung alarm bells across the political spectrum about China's intentions. Secretary of State Mike Pompeo has already declared that the
The End of Hong Kong?
The 1997 handover of Hong Kong from Britain to the People’s Republic of China marked the end of Western colonial rule in the region. Optimistic Western policy hands hoped that the final mending of the “unequal treaties,” as they were called by the Chinese Communist Party, would initiate Beijing’s integration
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
North Carolina Democrats 'dragging their feet' on convention rules, RNC chief says
The comments by RNC Chairwoman Ronna McDaniel on a popular North Carolina radio show came a day after her letter to Governor Roy Cooper setting a June 3 deadline to approve safety and logistical measures - such as how many people can gather together - to prevent the spread of the coronavirus during the
Somalia commission to probe killing of seven health workers
Somalia will set up a regional commission to probe the killing of seven health workers and report publicly within a month, the head of Hirshabelle state told Reuters on Friday, as the United Nations condemned what it called an outrage. Masked men abducted the health workers from a healthcare facility
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
Turkey says may begin oil exploration under Libya deal in three-four months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya's internationally-recognised Government of National Accord (
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
The riot police were again out in force on the streets of Hong Kong this week
China accused the US of taking the UN hostage on Friday over a controversial security law for Hong Kong and warned Western nations to stay out of its internal affairs. The US, Britain, Canada and Australia led criticism of the planned law, which would punish secession, subversion of state power, terrorism
Iran says it will continue nuclear work despite US sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States. State TV cited a statement from the country’s nuclear department saying the U.S. decision to impose sanctions on two Iranian nuclear
Joshua Wong: Hong Kong Cannot Prosper Without Autonomy
The prosperity of Hong Kong is based on its autonomy, not Beijing’s dictatorship, writes Hong Kong activists Joshua Wong and Glacier Kwong.
Three wounded in shootout in Kiev suburb, 20 detained
Dozens of people, some armed with what appeared to be hunting rifles, clashed in broad daylight on Friday in a residential suburb outside the capital Kiev, and at least three people were wounded, according to officials. The violence, captured in amateur footage taken from surrounding apartment blocks
Hong Kong China Borrowed Time
Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status. China’s passage of a national security law for the city is the latest sign that the 50-year “one country,
Bulgaria to lift travel ban on Australian convicted of murder
The decision comes after Bulgaria's highest appeals court dismissed a request by the former chief prosecutor to review the parole granted to Jock Palfreeman in September. Palfreeman's parole angered nationalist politicians who have decried his release from prison, while the government's
U.S. high court rejects church challenges to state pandemic rules
The U.S. Supreme Court rejected challenges on Friday to curbs on religious services in California and Illinois during the coronavirus pandemic. In the California dispute, the nine justices split 5-4 in rejecting a bid by South Bay United Pentecostal Church in Chula Vista to block the rules issued by
Hong Kong: China fury amid global pressure over security law
The UK and US condemn plans for a new security law at the UN Security Council, drawing Beijing's ire.
Petition calling for UK PM's aide to be sacked passes one million signatures
A petition calling for British Prime Minister Boris Johnson's closest aide to be sacked after he took a long-distance journey during the country's coronavirus lockdown has been signed by more than one million people. Dominic Cummings travelled 400 km (250 miles) from London to the northern English
Taiwan president visits bookshop to show solidarity with Hong Kongers
Taiwan President Tsai Ing-wen on Friday visited a bookshop that has become a symbol of resistance to perceived Chinese encroachments on Hong Kong's liberties, vowing to give help to the city's citizens fleeing to the democratic island. Tsai this week became the first world leader to pledge specific
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
Trump announces probe of Chinese companies listed in US
US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies. The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong
Greece to open airports to arrivals from 29 countries from June 15
Greece said Friday it would reopen its airports in Athens and Thessaloniki to arrivals from 29 countries from June 15, the start of the tourist season. Visitors would be allowed to fly into Greece from 16 EU countries, including Germany, Austria, Denmark, Finland, the Czech Republic, Baltic countries
Move over James Bond; India returns alleged bird spy to Pakistan
Indian police have released a pigeon belonging to a Pakistani fisherman after a probe found that the bird, which had flown across the contentious border between the nuclear-armed nations, was not a spy, two officials said on Friday. "The pigeon was set free yesterday (May 28) after nothing suspicious
DOJ Targets North Koreans, Chinese for Laundering Billions for Kim’s Nuclear Program
The Justice Department charged 28 North Koreans and five Chinese citizens with laundering over $2.5 billion in assets through North Korea’s state-operated foreign exchange bank to fund the government’s nuclear program, according to court documents unsealed Thursday.The indictment, first reported by the
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
End of US Waivers Will Not Impair Iran Nuclear Activity
The United States' termination of sanctions waivers that allowed foreign firms to cooperate at Iranian nuclear sites will have no impact on Tehran's nuclear activities, spokesman for the Atomic
India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points
RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".
Coronavirus Delhi Updates: Two More Hospitals Declared As Covid-19 Facilities
These hotels shall provide regular services, including rooms, food, housekeeping and disinfection, to patients at a price not more than Rs 5,000 for five-star hotels and Rs 4,000 for four-star or three-star hotels per person per day, the order said.
After Inserting Fact-Check Labels to Trump's Tweets, Twitter Flags China Official's Post on COVID-19
"When did patient zero begin in US? How many people are infected? What are the names of the hospitals? It might be US army who brought the epidemic to Wuhan. Be transparent! Make public your data! US owe us an explanation!" Zhao said in a tweet posted on March 12.
Domestic Flights Are Not Spreading COVID-19, Cases Are Getting Detected Because... Read What Hardeep Singh Puri Says
"I say that these COVID-positive passengers were detected because we have the right systems in place and they are functioning efficiently," the minister said in an interview.
Indian Railways News: Demand For Shramik Specials Going Down But Trains Will Continue, Says Chairman
Indian Railways Latest News: West Bengal Chief Minister Mamata Banerjee is blaming the Railways for the increased number of coronavirus cases in the state. On Friday, Mamata said the Railways is running Corona Express.
IRCTC Latest News: TTEs Won't Wear Black Coats, Ties, Will Check Tickets Through Magnifying Glass
IRCTC Latest News: For the first time ever in its history of 167 years, the ticket checkers will not wear black coats and ties.
Bitcoin Could Hit $11,000 in June 2020; Here’s Why
Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.
Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290
Ethereum could be positioned to see even further gains in the near-term, as this latest movement has provided its market structure with a serious boost.
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
This is the Level Chainlink Needs to Surmount to See “Swift Rally” to Fresh Highs
Chainlink (LINK) could soon find itself caught within an uptrend that leads it up to fresh all-time highs if it breaks one key resistance level.
Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
SMEs need a tech upgrade to survive in the Covid-19 economy
Promoted | Strict lockdown restrictions and social distancing measures aimed at curbing the spread of the novel coronavirus (Covid-19) shut down businesses and limited human movement.
Welcome to the Microsoft economy
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren't.
The Screen Industry Workers Bill is good for our industry – Jennifer Ward-Lealand
This week, parliament’s Education and Workforce Select Committee has been hearing submissions on the Screen Industry Workers Bill. Equity New Zealand president Jennifer Ward-Lealand explains why the actors’ union supports it. The Screen Industry Workers bill rolls back some of the worst aspects
Favored Tech Announces Global Availability of FT-Nano Green 1008, the Most Advanced Corrosion Protection for Electronic Devices
CUPERTINO, Calif., May 29, 2020 /PRNewswire/ -- Favored Tech's early access customers have started production shipments of products protected by F...
EU economy to rebound ‘quite strongly’ next year says Dombrovskis
The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.
EU expresses 'grave concern' over developments in Hong Kong
The EU’s Foreign Policy chief Josep Borrell defended the 'one country, two systems' principle but no sanctions against China have been put on the table.
'Historic measure': Spain backs minimum income for most vulnerable
"A country does not prosper if it leaves out part of its population," said Spain PM Pedro Sanchez as his government backed the introduction of a minimum income for the country's most vulnerable.
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
US takes action against China over Hong Kong
The president also said the US would be suspending entry of certain Chinese citizens.
Staffordshire NFU hosts virtual show reception
Farmers raised a glass via their webcams to toast food production and the NFU after their county show was cancelled due to Covid-19.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Top scientists say its too early too ease lockdown amid fears over warm weekend
Police have urged the public to maintain current safeguards about social contact ahead of the lessening of restrictions next week.
Bullring and Grand Central back to full opening on June 15
Birmingham city centre's Bullring and Grand Central has announced that it will officially re-open on 15 June, in line with the latest guidance from the Government.
Go Outdoors to reopen Shrewsbury and Wolverhampton stores
The Go Outdoors stores in Wolverhampton, Kidderminster and Shrewsbury will reopen on Saturday.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Walsall Council receive EA funding to reduce town centre flood risk
A grant of £175,000 has been given to a council to replace a culvert and reduce the risk of businesses nearby flooding.
Self-employed scheme extended as Chancellor details furlough changes
It comes after Boris Johnson announced a gradual easing of the lockdown in England, with friends and families able to meet in parks and gardens.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden reported its gross domestic product grew at an annual rate of 0.4 percent from January through March, perhaps as a result of not imposing a full lockdown.
Main Street’s Pandemic-Led Shift To Digital Innovation
With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.
Deep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
This Deep Dive examines how fraudsters perpetrate cross-channel schemes and how FIs use link analysis and behavioral analysis to detect such crimes.
Uber Says AB5 Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions
Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.
USDA’s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon
SNAP benefits will now work for buying groceries on Amazon and other associated partners in up to 25 states.
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Michigan residents could fall victim to predatory identity theft scams that make false unemployment benefits claims during the pandemic, the UIA warns.
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
The Week In Payments: How Businesses Can Navigate The Road To Recovery
In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?
How Faster Disbursements Can Help Solve Patients’ Payment Pain Points
The Faster Healthcare Payments Report examines the how payment modernizations to accelerate patient disbursements help them afford healthcare's high costs.
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
Mark Cuban lays out his plan to boost post-COVID economy: 'Give people checks that they have to spend'
Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban told "Hannity" Thursday that the issuing of pre-loaded, federally funded debit cards is the best way to spur consumer demand and boost the economic recovery from the coronavirus pandemic.
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
Redesigning business processes for contactless operations
Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting
Why some commercial landlords evict tenants and let properties sit vacant
Amid calls for provincial moratorium on commercial evictions, Premier Doug Ford says he doesn't understand why properties sit vacant
COVID-19 recasts internet as a utility for every home
Jorg Welters explores how the telecommunications sector has grown amid the COVID-19 crisis after broadband is perceived to be essential to surviving lockdown
Robotic Process Automation can help the public sector battle COVID-19
Teemu Vieruaho, Digital Workforce, discusses how Robotic Process Automation can help fight the public sector’s battle against COVID-19
Don’t allow bandits dislodged from Zamfara move to Kaduna, el-Rufai begs military
Nasir el-Rufai, governor of Kaduna state, has called on the military to intensify its fight against banditry in the state. Over the weeks, the military has coordinated different offensives against
DisCos ask court to stop FG’s forensic audit
Electricity distribution companies (DisCos) have dragged the federal government to court over alleged undue interference in their business operations. The federal government holds 40 percent shares in the power firms.
ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS
The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds.
14 ex-presidents back Adesina, warn against distracting AfDB
The former leaders said the bank and its president, Akinwumi Adesina, should not be distracted at a time when the continent is battling a pandemic.
India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman
Indian economy grew at 3.1% in the last quarter of FY 2019-20.
Sensex surges 224 points, Nifty reclaims 9,500-mark
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
Railways appeals persons with co-morbidities, senior citizens, children below 10 to avoid travel on 'Shramik' specials
This comes after reports of deaths in special trains being run to transport stranded migrant workers from different parts of the country.
First post-lockdown flight departs Europe for China
A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday
AfDB: African leaders rally support for Adesina
No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina, lauding him
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
It’s another uneventful year as aviation enters grim future
President Muhammadu Buhari prior to 2015 election promised the aviation community just one item: a new national carrier in the status of the defunct Nigeria Airways. His choice of Capt. Hadi Sirika
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
Nigeria better today, presidency insists
The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.
Sanwo-Olu virtually commissions 18 projects
Lagos State Governor, Mr. Babajide Sanwo-Olu virtually commissioned 18 projects in commemoration of his first year in office at a ceremony held at the Lagos House, Alausa, Ikeja.
Taiwan president meets HK dissident, promises support for protesters
Taiwan president Tsai Ing-wen visited a bookstore run by a prominent Hong Kong dissident Friday, repeating promises of humanitarian support and sanctuary for those fighting for democracy in the finance hub.
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
Commuters decry new BRT fares as operator count losses
Commuters in Lagos yesterday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state.
Sanwo-olu promises Lagosians affordable houses
Lagos State Governor Mr Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians.
China sanctions not solution to Hong Kong crisis: EU
The European Union said Friday that China's imposition of a security law on Hong Kong had damaged ties with Beijing, but that imposing sanctions would not solve the crisis.
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
With New Cross River Traffic Law, tax exemption for the poor is meaningless, Motorists
Cross State government has directly or indirectly reintroduced tax payment by the poor and less privileged in the state with the introduction of a new traffic regulatory law and agency.
For five years, Buhari ‘campaigned’ for corrupt politicians, CDD says
A pro-democracy think tank, the Centre for Democracy and Development (CDD), has accused President Muhammadu Buhari of condoning corruption within his administration and the ruling All Progressives Congress (APC).
Renault announces nearly 15,000 job losses worldwide
Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.
Greece to open to tourists from 29 countries in June
Greece has said it will open to visitors from 29 countries from 15 June, days before its peak tourism season begins, although Ireland is not on the list of countries.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
New site is one-stop shop for B.C. workers, farmers, during pandemic
VICTORIA — The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic. A statement from the Ministry of. . .
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Downtown Victoria library gearing up to reopen for pickups
Greater Victoria residents will have access to new reading materials next month, as the central branch of the Greater Victoria Public Library gets ready to open for pickups in mid to late June. . . .
B.C. Transit expands HandyDART fleet in Victoria, with more to come
B.C. Transit has added 13 new buses to Victoria’s HandyDART fleet, with a further 15 expected to start service in Nanaimo in mid-June. The buses serve people with mobility issues that prevent . . .
Save-on-Foods ends hazard pay for staff, other grocers continue it
Essential service workers in the grocery sector receiving extra pay during the pandemic will be watching their paycheques in the coming weeks as companies re-evaluate how they compensate employees.. . .
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Cruise ship ban extended, effectively scuttling season in Greater Victoria
The cruise-ship season that was forecast to bring more than three quarters of a million passengers to Victoria’s shores — and an estimated $130 million in economic activity — has . . .
EOS completes acquisition of Audacy
Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business
For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Labour ministry to provide free skills training to job seekers registered on National Career Service portal
The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore
The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.
K'taka govt notifies ordinance, BDA to legalise unauthorised constructions in Bengaluru
The BDA will levy a penal fee in return for regularisation. These are plots either owned by residents themselves or bought from someone after the BDA notified them for acquisition during the formation of layouts.
Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers
The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
UP govt to launch programmes to attract women voters
The UP governments latest initiative is the move to appoint ‘Banking Correspondent Sakhi, or female banking agents, in all 5,8000 gram panchayats in the state. The sakhis will do door-to-door visits and are expected to become the main link between female customers, particularly those who are associated with self-help groups (SGHs), and the bank.
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Why India needs to put cash in the hands of the poor
GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.
Dow Jones retreats ahead of Trump's response on Hong Kong
The Dow Jones Industrial Average was down 269.88 points, or 1.06 per cent, at 25,130.76.
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
TikTok owner ByteDance moves to shift power out of China: Report
ByteDance has quietly made a series of moves in recent months to transfer global decision-making and research capabilities out of its home country. The changes come at a time of heightened tension between the United States and China over trade, technology and the COVID-19 pandemic.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
RCF Q4 results: Profit jumps nearly 3-fold at Rs 142 crore
Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing.
Two quakes hit Rohtak in one-hour span; tremors felt in Delhi
The first quake, a medium intensity one of 4.5 magnitude, hit the Haryana city at 9.08 p.m. at a depth of 5 km. The second quake was of lower intensity of magnitude 2.9 and occurred at the same location at 10 p.m., the National Centre for Seismology said.
ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities
The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.
India urges for wider information sharing under tax treaties within BRICS
The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.
US Centers for Disease Control and Prevention suggests sweeping changes to offices
If followed, the guidelines would lead to a far-reaching remaking of the corporate work experience. They even upend years of advice on commuting, urging people to drive to work by themselves, instead of taking mass transportation or carpooling, to avoid potential exposure to the virus.
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent
The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.
Farm wages doubled in many agricultural districts as migrants labourers returned home
Farmers are trying to lure migrants back by offering them rail tickets and other incentives. Many farmers in Punjab, Haryana, West Bengal, Telangana and Andhra Pradesh are trying to mobilise local labourers to prepare nursery beds and sow paddy, which is a very labour-intensive task.
Be careful in dealing with material info disclosure to investors: Sebi warns TCS
The regulator has asked the IT major to provide adequate and timely information.
Twitter hides Donald Trump tweet for 'glorifying violence'
Twitter's decision to step in, at a time of racially charged civil unrest in cities across the United States, escalates a feud between Trump and tech companies.
PM Modi's letter to the people of India: A year after the start of his second term in office
From 2014 to 2019, Indias stature rose significantly. The dignity of the poor was enhanced. The nation achieved financial inclusion, free gas and electricity connections, total sanitation coverage, and made progress towards ensuring ‘housing for all.
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data
Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the country.
Delhi, West Bengal not yet distributed May month quota of free foodgrains under PMGAY: Ram Vilas Paswan
On distribution of one kg free pulses per household under the PMGAY, Paswan said states have lifted 1.68 lakh tonnes of pulses and are yet to provide month-wise distribution of the same. The progress report is awaited.
Expect demand to start picking up post Diwali: Nitin Jain
‘We have to ensure that the companies in this period are able to sustain themselves
Covid Lockdown may be confined to 13 cities; hotels & malls could open
The national directives on new lockdown are likely to be issued on May 31 for next fortnight.
What's the cost of Covid lockdown? Today’s GDP data will give an idea
To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
How important is Hong Kong to China as a free finance hub?
While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.
Coming Apocalypse of Xi Jinping
China stares at an economic collapse in wake of Covid of an economy already bruised with Trump's trade war. Therefore, the move in Hong Kong reflect Xi and Party's nervousness is managing economic fallouts of Covid and trade war. Current Hong Kong move appears geared more towards domestic audience rather than global for a change.
India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
‘Sectors where the fixed costs component is higher will be hit sharply
Bihar's industries minister writes to 24 companies inviting them to invest
Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast.
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Madhya Pradesh: Quarantine must for rail passengers with COVID-19 symptoms
"As per information provided by the Railways, 15 trains, other than Shramik Special services, will halt at some railway stations in Madhya Pradesh," said Madhya Pradesh Health Minister Narottam Mishra, who is also the state's Home Minister.
India will set an example in economic revival, says PM Modi
PM acknowledged that some have undergone “tremendous” suffering, referring to workers.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
Use of public transport likely to reduce for 6 months post-lockdown: CSE survey
The CSE's perception survey on changing commuting choices post-pandemic included over 400 middle and high-income groups in Delhi and surrounding NCR cities.The first results show public mood is changing.
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
Invest India holds virtual panel discussion for global investors
During the discussion, Ajay Prakash Sawhney, secretary in the Ministry of Electronics and Information Technology, highlighted the various initiatives undertaken by the government, including the production linked incentive scheme and scheme for promotion of manufacturing of electronic components and semiconductors.
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram
"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.
Government conducts locust control operations in Rajasthan & MP, more attacks likely till July
As per FAOs latest bulletin on status of locust, in India, spring-bred immature adult groups and swarms continued to move east and to the central states of Madhya Pradesh and Maharashtra.
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Investor group allowed to buy Grindr from Chinese firm for $620M
Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente
Costco to bring back free samples – but it’s not going to be like it was
Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free
American Airlines allegedly stopped flight attendant from wearing face shield
The woman recently returned to the skies after being grounded for a month due to coronavirus-related cancellations, but found out that someone who tested positive for the illness was aboard one of her
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
Trump says US will no longer treat Hong Kong as autonomous region
WASHINGTON — President Trump on Friday announced sweeping changes to the US relationship with Hong Kong, declaring the region would no longer be viewed as autonomous from China or given
MTA ‘confounded’ by CDC push for people to avoid mass transit
MTA Chairman Pat Foye on Friday blasted a new CDC guidance that businesses encourage employees to avoid mass transit. “The CDC’s latest guidance marks yet another confounding
US charges dozens of North Koreans in $2.5B sanctions-busting scheme
The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments
Taiwan decriminalizes adultery in landmark ruling
TAIPEI – Taiwan’s constitutional court on Friday decriminalized adultery in a landmark judgment aimed at upholding personal rights and privacy, scrapping a law that activists said
Tyson Foods to close Iowa pork plant amid coronavirus outbreak
Tyson Foods plans to temporarily close an Iowa pork plant where nearly a quarter of the workers have caught the novel coronavirus.
Calm before the storm for Japan suicides as coronavirus ravages economy
The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
TikTok owner ByteDance moves to shift power out of China: Sources
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
US indicts North Koreans, accuses state-owned bank of evading sanctions
The US Justice Department accused North Korea's state-owned bank of evading US sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
Hong Kong govt warns removing US special status is "double-edged sword"
Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial hub, could be a "double-edged sword" and urged the United States to stop interfering in internal affairs.
China says non-peaceful action on Taiwan is last resort
Li Zhanshu, who is also the head of China's parliament, said Beijing will never allow any force, in any way, to separate Taiwan from China.
Anies appoints former Merpati Airlines CEO to helm Transjakarta
The former head of state-owned Merpati Nusantara Airlines is the new president of city-owned bus operator Transjakarta.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough.
China faces mounting pressure over Hong Kong security law
China faced growing international pressure Friday over its move to impose a security law on Hong Kong that critics say will destroy the city's autonomy, with the United States and Britain placing the issue before the UN Security Council.
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
Nissan formally closes Indonesian factory
Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.
Vietnamese cops bust $2.6bn online gambling ring
Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country where most gambling is banned but remains rampant.
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
Beginners Guide to Proton Chain: A Bridge to Traditional Banking
Proton started as a joint venture between two separate companies, Metal, and Lynx. Both companies had a similar vision of bringing cryptocurrencies to everyday consumers.
Everything shoppers will be banned from doing when stores reopen
Rules and restrictions will be in place for stores and shoppers
Wearable device shipments increased nearly 30 percent YoY in Q1
Notably, IDC said growth was disproportionately spread across various form factors of wearables. The earwear category grew an impressive 68.3 percent and accounted for 54.9 percent of the entire wearables market. Fitness trackers, meanwhile, grew by 16.2 percent during the same period.
Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down
Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
Coronavirus impact: Daimler India offers free vehicle check-up to BharatBenz customers
Daimler Indian Commercial Vehicles has rolled out a new vehicle checkup and sanitisation campaign for BharatBenz customers and it is free of cost.
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
‘Destroy Eggs, Spray Neem Oil’: Maha University Suggests Ways To Tackle Locust Menace
As parts of Maharashtra and other states face attacks from locusts, which destroy crops and vegetation, an agriculture university has suggested a slew of measures like destroying their eggs and spraying neem oil on crops to tackle threat from the migratory pests. Swarms of crop-eating locusts have spread across Madhya Pradesh, Rajasthan, Uttar Pradesh and […]
Japan Might Be Subsidizing Your Travels When The Crisis Passes Over
Japan’s tourism numbers in April 2020 were reportedly 99.9% lower than those in April 2019.
Chinese call Minneapolis ‘a beautiful sight’
As the protest in the US state of Minnesota resembled Hong Kong riots last year in protesting means and police' response, Chinese netizens who referred it as
HK govt warns US threats of sanctions will hurt itself
The Hong Kong Special Administrative Region (HKSAR) government late on Thursday expressed strong opposition to sweeping remarks contained in a report by the US State Department titled US – Hong Kong Policy Act, and warned that the interests of US corporations in Hong Kong will also be affected if the US adopts sanctions on Hong Kong.
Isuzu expects pick-up demand in Thailand to drop 35%
With sales significantly impacted by the Covid-19 outbreak, Isuzu expects that the demand for pick-up trucks and other light commercial vehicles (LCV) in
June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61
Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an
Nissan unveils four-year transformation plan – to cut production by 20%, reduce model range, focus on EVs
Nissan, which yesterday announced a net loss of 671 billion yen (RM27.1 billion) for the year that ended in March, has revealed a four-year restructuring
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
India firm in protecting sovereignity at border but engaging with China: MEA
Reiterates border dispute is an internal matter between India and China.
Kildare businesses call on Government to extend wage subsidy scheme
"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Water market may not be 'good thing for the country', Basin chief says
The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Minister flags law review after Rio blows up 46,000-yr-old Aboriginal site
The caves in WA are the only inland site in Australia to showing evidence of continual human occupation through the last Ice Age.
'A dud deal': Opposition promises to scrap BRI deal with China if elected
Opposition Leader Michael O'Brien said the Belt and Road Initiative with China was not in the state's interest and he would abolish it, if elected.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
'Boys' club': Inquiry finds unacceptable sexual harassment, bullying at Airservices
Former sex discrimination commissioner Elizabeth Broderick has found a deeply troubling workplace culture at Airservices Australia, the federal agency responsible for safe skies.
North Koreans charged in wide-ranging $3.7B sanctions-busting scheme
The indictment, unsealed on Thursday in Washington's federal court, is believed to be the largest criminal enforcement action ever brought against North Korea.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
EU weighs China policy amid concern over Hong Kong moves
BRUSSELS — European Union foreign ministers debated Friday ways to manage tense relations with China as it asserts more control over Hong Kong and amid concern about Beijing’s influence over EU officials.
How Coronavirus is Impacting Digital Payments in Emerging Markets
Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.
Salesforce Writes Off $25 Million as it Abandons Offices
Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..
VMware CEO After Storming Quarter: “Tech is Stronger than GDP”
VMware CEO: "Tech is stronger than GDP, and software and cloud is stronger than tech."
Business News
PPI Announces Winners of Projects and Members of the Year Program The Plastics Pipe Institute, Inc. (PPI) announced the winners of its Projects and Members
Will the US soon treat Hong Kong like china? Much is at stake
Hong Kong risks becoming collateral damage in the growing rivalry between China and the United States.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Sikder brothers escape to Thailand by air ambulance from legal charges at home
Ron Haque Sikder, a director of National Bank Limited, and his brother Dipu Haque Sikder have left Bangladesh for Thailand by an air ambulance after being accused of threatening top executives of Exim Bank.
Sohail F Rahman, wife fly to London by chartered plane amid pandemic
Sohail F Rahman, the chairman of one of Bangladesh’s leading conglomerates Beximco Group, has left Dhaka for London on a chartered plane as normal flight operations are suspended due to the coronavirus crisis.
Launch owners told to follow health safety rules, fare to remain unchanged
Launch owners have been told to resume services throughout Bangladesh from Sunday enforcing social distancing measures between the passengers and following health safety guidance amid the coronavirus outbreak.
Housing sector faces its worst ever crisis due to Covid-19
Credai chief says Central government should offer a two per cent interest subsidy on home loans
Anantapur: Minister M Sankara Narayana says government resolved to strengthen MSMEs
BC Welfare Minister M Sankara Narayana stated that the state government is planning to further strengthen the Micro, Small and Medium Enterprises(MSME) by releasing all the backlog due payments to...
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
KCR pitches for new scheme for farmers in Telangana
Chief Minister K Chandrasekhar Rao who garnered country's attention with the Rythu Bandhu and Rythu Bhima schemes has announced that the government is planning to launch a special scheme for farmers...
Covid can cause $8.5 trillion loss in global output: UN chief Antonio Guterres
UN chief Antonio Guterres has warned that the Covid-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of $8.5 trillion in
Centre's Rs 20 lakh crore package is bogus: CPI-ML New Democracy leader Akula Papaiah
CPI-ML New Democracy leader Akula Papaiah criticised the Rs 20 lakh crore package announced by the Central government as of no use for the common man
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
Advance reservation period for all 30 Special Rajdhani type trains extended from 30 to 120 days
Indian Railways has decided to increase the advance reservation period (ARP) from the existing 30 days to 120 days for all 30 Special Rajdhani type trains that have been operating since May 12, 2020.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
How the pandemic will shape the fashion world
A total of 61 per cent Indians reported less time shopping online in the wake of the current crisis, while 43 per cent of Indians have delayed purchasing clothes in the outbreak, says a report
Srikakulam: Temples witness big dip in offerings amid lockdown
Covid-19 has its impact even on God as most of the noted temples lost their sheen in the wake of lockdown imposed for the last 70 days.
We'll deal Ladakh standoff with China: India to US
India on Friday conveyed to the US that it was eyeing to resolve the military standoff with China in eastern Ladakh through existing bilateral mechanisms, sending a clear message to Washington for the...
Government removes restrictions on the export of paracetamol APIs
Government has removed restrictions on the export of paracetamol active pharmaceutical ingredient (API) almost three months after the curbs were put in place due to shortage of supply from China...
MEIL builds 15 pump houses in Kaleshwaram project
With inauguration of Markook pump house on Friday, 9 pump houses with total 3,767 MW capacity have been operationalised
Singapore SC dismisses former Ranbaxy promoters’ appeal
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against a High Court order that declined to set aside an arbitration award in favour of Japan's Daichii Sankyo.
Affordable electricity is a right
In Telangana, free power has played an important role in mitigating farmer suicides and also contributed to State’s food security.
Nearly half of Apple retail stores now open globally
Apple has managed to reopen nearly 256 retail stores out of more than 500 worldwide, as it aims to safely restart operations.
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
India’s oil import bill falls 10 per cent in FY 20
At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
What is a locust plague?
Over the last few days, a swarm of locust has been sighted in the urban areas of Rajasthan, Maharashtra and Madhya Pradesh.
Creating infra worth Rs 2,209 cr in industrial parks: TSIIC Chairman
TSIIC Chairman Gyadari Balamallu said the State government was developing world class infrastructure worth Rs 2,209 crore in all industrial parks in the State.
Council may find it difficult to raise GST rates
The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.
Air India to operate additional repatriation flights to six countries
Air India said it will operate additional repatriation flights to six countries between June 4 and June 6 to bring back stranded Indians under the phase 2 of Vande Bharat Mission.
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.
Renault to cut 15,000 jobs
Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
China asks Western nations to stay out of its internal matters in Hong Kong
China has lodged diplomatic protests with the US, the UK, Canada and Australia for "interfering" in its internal matters by criticising its new security law for Hong Kong.
EPA orders Merck to address persistent problem of bad odours from east Cork plant
The State environmental watchdog has instructed a leading medical science and technology firm to take “significant action” to address the persistent problem of bad odours coming from its plant in east Cork.
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Major gaps in government plan for reopening childcare facilities
Major gaps are emerging in the Government’s efforts to reopen childcare facilities including a lack of any plan to fund services and ensure staff are paid if there is reduced capacity.
People urged to keep track of who they meet over bank holiday weekend
The information will help with contact tracing if a Covid-19 infection is later detected, officials said.
Coronavirus: Technopath offers employers not-for-profit antibody tests
Tipperary firm sees confidence in testing as crucial to getting staff back to work
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
Ryanair expects air fares to fall when flights take off again
’We think it’s pretty clear that for the next 12 months prices are going to be way down,’ says Michael O’Leary
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
Covid-19 crisis to trigger 20% fall in FDI
The State is now in eighth spot in a ranking of most attractive European locations for FDI
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
Sunak scales back furlough scheme as Covid-19 death toll reaches 38,161
British chancellor announces lower wage supports and plans to stem unemployment
Lifetime community rating leads to rise in low cover plan purchases
Research suggests many first-time buyers bought cheap plans with limited benefits
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
If you injure yourself working from home, is your employer responsible?
Laws governing safety at work apply to all workplaces, no matter where they are
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Lifetime community rating cited for rise in low cover health plan purchases
Research suggests many first time buyers bought cheap plans with limited benefits
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
Palestinian Authority eases lockdown measures as coronavirus cases decline
Given lack of other options, authorities used restrictions as main tool to fight pandemic
Aer Lingus to deploy controlled boarding and contactless passes
Passengers and crew must already wear face masks
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
LIVE: Trump to speak on China as it pushes for more control in Hong Kong
China’s communist leaders have been preparing for decades to take full control of the glittering capitalist oasis, while building up their own trade and financial centers to take Hong Kong's place.
Plunging sales force Nissan to leave Korea
SEOUL, May 29 (UPI) -- Japanese automaker Nissan Motor announced Thursday that it plans to pull out from South Korea at the end of 2020, 16 years after it entered the country in 2004.
U.N. calls on nations to take action in six areas to limit COVID-19's financial impact
May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.
Stocks tumble ahead of Trump's China press conference
May 29 (UPI) -- President Donald Trump's upcoming news conference on China Friday shook up stocks in morning trading on Wall Street, as the White House could respond to the communist country's action against Hong Kong.
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
Stocks recover after Trump's announcement on Hong Kong
May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.
British government approves large solar farm
May 29 (UPI) -- The British government approved plans for an 880,000-panel solar park north of Kent, which would make it one of the largest in Europe and causing a divide among environmental groups.
N.Y. Marine Reserve squadron gets its first KC-130J tanker plane
May 29 (UPI) -- Stewart Air National Guard Base, N.Y., received its first KC-130J Super Hercules tanker plane, manufacturer Lockheed Martin said Friday.
State Department approves $425M deal for work on Kuwait's Patriot missiles
May 28 (UPI) -- The State Department approved a possible deal for Patriot missile support for up to $425 million, the Defense Security Cooperation Agency announced Thursday.
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
Asia’s pension reforms call for a multi-pillar approach
As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.
Factbox: Some options open to Trump in response to Hong Kong crisis
(Reuters) - China’s parliament is moving forward with national security legislation on Hong Kong after mass protests last year, raising fears the territory will lose the autonomy that enabled it to remain a global financial center after British rule ended in 1997.
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
New York City expected to reopen on June 8, five upstate regions OK for phase 2: Cuomo
NEW YORK (Reuters) - New York City is “on track” to enter phase one of reopening on June 8, New York Governor Cuomo said on Friday as he announced that five upstate regions will now transition to phase two which includes businesses like barber shops and hair salons.
China public security ministry pledges to 'direct and support' HK police
SHANGHAI (Reuters) - China’s public security ministry pledged to “direct and support” the Hong Kong police force after China’s parliament approved a decision to impose a national security law on the semi-autonomous territory, highlighting Beijing’s intention to take a more hands-on law-enforcement role in the city.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Explainer: How important is Hong Kong to China as a free finance hub?
HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.
Canada 'needs' airline industry, is monitoring day by day: minister
OTTAWA (Reuters) - Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
CHICAGO (Reuters) - Tyson Foods Inc (TSN.N) said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply.
Italy records 87 new coronavirus deaths, 516 new cases
ROME (Reuters) - Deaths from the COVID-19 epidemic in Italy climbed by 87 on Friday, against 70 the day before, the Civil Protection Agency said, while the daily tally of new cases fell to 516 from 593 on Thursday.
Attack on Taiwan an option to stop independence, top China general says
BEIJING (Reuters) - China will attack Taiwan if there is no other way of stopping it from becoming independent, one of the country’s most senior generals said on Friday, in a rhetorical escalation from China aimed at the democratic island Beijing claims as its own.
Ethiopian security forces accused of 39 extrajudicial killings
ADDIS ABABA (Reuters) - Ethiopian security forces in the Oromiya region have executed 39 opposition supporters and arrested at least 10,000 others accused of being members of an armed group since early 2019, Amnesty International said on Friday.
Vienna's Hotel Sacher turns suites into pop-up restaurants
VIENNA (Reuters) - Secret love affairs, tricky business deals and political negotiations - Vienna’s opulent five-star Hotel Sacher has been a popular spot for delicate missions since it opened in 1876.
Somalia commission to probe killing of seven health workers
MOGADISHU (Reuters) - Somalia will set up a regional commission to probe the killing of seven health workers and report publicly within a month, the head of Hirshabelle state told Reuters on Friday, as the United Nations condemned what it called an outrage.
Singapore-China to open essential travel corridor in early June
SINGAPORE (Reuters) - Singapore and China plan to reopen essential travel for business and official purposes between the two countries early next month, they said in a joint statement on Friday.
Taiwan decriminalises adultery in landmark ruling
TAIPEI (Reuters) - Taiwan’s constitutional court on Friday decriminalised adultery in a landmark judgment aimed at upholding personal rights and privacy, scrapping a law that activists said discriminated against women.
German government fails to agree on green hydrogen strategy
BERLIN/FRANKFURT (Reuters) - Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
Chilean student hits the roof for online classes during pandemic
SANTIAGO (Reuters) - To keep from falling behind in her studies amid the coronavirus pandemic, first-year Chilean college student Paulina Romero climbs onto her roof each day in search of a cell signal strong enough to transmit her online classes.
India's Foreign Ministry asks some officials to quarantine after two positive for virus
NEW DELHI (Reuters) - At least two people working at India’s Foreign Affairs Ministry have tested positive for COVID-19, and the government has asked several officials to self quarantine as a precaution, according to a source and internal e-mails seen by Reuters.
Britain may offer 'path to citizenship' for nearly 3 million in Hong Kong
LONDON (Reuters) - Britain is prepared to offer extended visa rights and a pathway to citizenship for almost 3 million Hong Kong residents in response to China’s push to impose national security legislation in the former British colony.
Sun Pharma to test pancreatitis drug in COVID-19 patients in India
BENGALURU (Reuters) - Drugmaker Sun Pharmaceutical Industries Ltd said on Friday it has received Indian regulatory approval to start clinical trials of a pancreatitis drug in COVID-19 patients.
Italian magistrates target Uber Italia over alleged rider exploitation: sources
MILAN (Reuters) - Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday.
South African tobacco firms, associations seek court action over cigarette sales ban
JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
Greece to open to tourists from 29 countries from June 15
ATHENS (Reuters) - Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
Australia's greenhouse gas emissions fall slightly in 2019
MELBOURNE (Reuters) - Australia’s greenhouse gas emissions fell just 0.9% in 2019 as increasing emissions from liquefied natural gas (LNG) export plants largely offset declines in the power and farm sectors, government data showed on Friday.
UK, US, Australia and Canada scold China over Hong Kong law
LONDON (Reuters) - The United Kingdom, the United States, Australia and Canada criticised China on Thursday for imposing a new security law on Hong Kong that they said would breach the 1984 Sino-British agreement on the former colony and threaten its freedoms.
Crashed Pakistan A320 jet insured for $19.7 million: airline document
SYDNEY/LONDON (Reuters) - The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi last week killing 97 people on board was insured for $19.7 million, an airline document showed.
China to restrict expansion of solar equipment producers
BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.
Germany stresses dialogue with China key when asked about possibility of sanctions
BERLIN (Reuters) - German Foreign Minister Heiko Maas said on Friday that the best way to influence China on the Hong Kong dispute was for the European Union to stand united in its response and to maintain dialogue with Beijing.
Taiwan president visits bookshop to show solidarity with Hong Kongers
TAIPEI (Reuters) - Taiwan President Tsai Ing-wen on Friday visited a bookshop that has become a symbol of resistance to perceived Chinese encroachments on Hong Kong’s liberties, vowing to give help to the city’s citizens fleeing to the democratic island.
China excludes clean coal projects from list eligible for green bonds
SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.
Hong Kong media tycoon vows to stay and 'fight' China, backs U.S. pressure
HONG KONG (Reuters) - Embattled Hong Kong publishing tycoon Jimmy Lai - one of the financial hub’s most prominent democracy activists - said on Friday he would fight till the last against Beijing’s imposition of national security laws and keep publishing.
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
Calm before the storm for Japan suicides as coronavirus ravages economy
TOKYO (Reuters) - The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don’t stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Turkey says may begin oil exploration under Libya deal in three-four months
ANKARA (Reuters) - Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.
European, South Korean authorities vie for COVID-19 antiviral remdesivir
(Reuters) - European and South Korean authorities are vying for Gilead Sciences’ (GILD.O) potential COVID-19 treatment, remdesivir, even though the drugmaker has yet to gain regulatory approval in either market and is still ramping up production of the anti-viral drug.
Between two storms: Caribbean braces for hurricanes in coronavirus era
HAVANA/NEW YORK (Reuters) - Ken Hutton is worried Great Abaco Island in the Bahamas where he lives is far from rebuilt after being devastated by Hurricane Dorian last year yet he is bracing for another hurricane season in the midst of the coronavirus pandemic.
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
Pakistan drug firm to import potential COVID-19 treatment from Bangladesh
KARACHI, Pakistan (Reuters) - A pharmaceutical company in Pakistan plans to import the antiviral drug remdesivir, which has shown promise in treating coronavirus patients, from neighbouring Bangladesh, it said in a stock exchange filing on Friday.
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
IMF says Bosnia's failure to disburse IMF emergency aid is unprecedented
SARAJEVO (Reuters) - Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.
United Airlines cutting 13 top jobs, adding international flights in July
(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Singapore says Malaysia wants further deferral of joint rail project
SINGAPORE (Reuters) - Singapore said on Friday it was reviewing a request by neighbouring Malaysia to further suspend a high speed rail project set to link the city-state to Malaysia’s capital Kuala Lumpur.
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Bulgaria to end quarantine on travel from most of EU
SOFIA (Reuters) - Bulgaria will lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, the government announced on Friday.
Trump orders his administration to begin eliminating Hong Kong privileges
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he was directing his administration to begin the process of eliminating special treatment for Hong Kong, in response to China’s plans to impose new security legislation in the territory.
Former HK leader calls out HSBC following UK criticism of security law
HONG KONG (Reuters) - Former Hong Kong leader Leung Chun-ying on Friday called out banking group HSBC Holdings plc (HSBA.L) for not making its “stance” clear on China’s imposition of a new security law on the city, after the United Kingdom’s criticism of the move.
Coal mine in Serbia gives up new Roman treasure
BELGRADE (Reuters) - As the sun sank over a vast opencast coal mine in eastern Serbia earlier this month, a small crane eased the front half of a Roman ship from the steep sides of the pit.
Lebanon has scant chance of getting IMF aid, opposition figure says
BEIRUT (Reuters) - Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.
Thailand to further ease restrictions, shorten curfew hours
BANGKOK (Reuters) - Thailand will next week shorten curfew hours and ease restrictions on more businesses, the government said on Friday, in response to its low numbers of locally transmitted cases of the coronavirus.
Three wounded in shootout in Kiev suburb, 20 detained
KIEV (Reuters) - Dozens of people, some armed with what appeared to be hunting rifles, clashed in broad daylight on Friday in a residential suburb outside the capital Kiev, and at least three people were wounded, according to officials.
Morgan Stanley plans June return of some traders to New York headquarters: CNBC
(Reuters) - Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.
Sanofi's head of vaccines leaves for smaller competitor Ipsen
PARIS (Reuters) - Sanofi’s head of vaccines David Loew will quit to become chief executive of Ipsen from July 1, the two French drugmakers said on Friday.
Florida officials approve Walt Disney World reopening plans
(Reuters) - Florida officials have approved plans for a phased reopening of Walt Disney World (DIS.N) in Orlando starting on July 11, according to a memo from a state agency released on Friday.
U.S. Treasury unveils rules for carbon capture tax credits
WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
U.S. FDA asks five firms to recall diabetes drug with high levels of probable carcinogen
(Reuters) - The U.S. Food and Drug Administration (FDA) said on Thursday it has recommended five pharmaceutical firms to voluntarily recall their diabetes drug metformin after the agency found high levels of a possible cancer-causing impurity in some versions of the medication.
Tencent in talks to buy Warner Music stake: WSJ
(Reuters) - Chinese internet giant Tencent Holdings Ltd (0700.HK) is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported here on Friday.
Britain urges China to reconsider Hong Kong law: PM's spokesman
LONDON (Reuters) - Britain has urged China to reconsider imposing a new security law on Hong Kong and hopes Beijing is listening, a spokesman for Prime Minister Boris Johnson said on Friday.
North Korea says it supports China's measures on Hong Kong
SEOUL (Reuters) - North Korea on Saturday expressed its support for China’s decision to impose new national security laws in Hong Kong, calling it a “legitimate step” to safeguard the state security.
EU seeks tougher China policy, concerned by Hong Kong law
BRUSSELS (Reuters) - European Union foreign ministers agreed to toughen their strategy on China on Friday to counter Beijing’s increasingly assertive diplomacy against a backdrop of concern about China’s new security law for Hong Kong.
SoftBank leads $500 million fundraising for Didi's self-driving unit
BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Irish PM says good chance social distancing rule can be relaxed
DUBLIN (Reuters) - Irish Prime Minister Leo Varadkar raised the prospect on Friday of halving social distancing rules from two metres to one if the rate of coronavirus infections comes down further in a potential boost to still shuttered restaurants and pubs.
Austria to loosen face-mask requirement, scrap table-size limit in bars
VIENNA (Reuters) - Austria will no longer require shoppers to wear face masks and scrap a limit of four adults at a table in bars and restaurants, Chancellor Sebastian Kurz said on Friday, outlining the next loosening of the country’s coronavirus restrictions.
Russia says Libya ceasefire in tatters, situation deteriorating: agencies
MOSCOW (Reuters) - Russia’s foreign ministry said on Friday the situation in Libya was continuing to deteriorate and that a ceasefire there was in tatters, the RIA news agency reported.
What you need to know about the coronavirus right now
(Reuters) - Here’s what you need to know about the coronavirus right now:
Exclusive: White House kept FDA in the dark on Russian ventilators for New York and New Jersey
(Reuters) - When U.S. President Donald Trump agreed to accept a shipment of ventilators from Russian President Vladimir Putin at the height of the coronavirus outbreak, the White House did not alert the FDA as it headed to New York and New Jersey, Reuters has learned.
Portugal approves third phase of lockdown exit, Lisbon takes it slow
LISBON (Reuters) - Portugal gave the green light on Friday to the third phase of its lockdown exit, but some restrictions will remain in Lisbon due to localised outbreaks in industrial hubs and outskirts.
Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
SEOUL (Reuters) - Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics centre near Seoul in March, providing food and other essentials to shoppers sheltering at home.
UK PM Johnson and U.S. President Trump criticise China's Hong Kong plan
LONDON (Reuters) - British Prime Minister Boris Johnson and U.S. President Donald Trump said on Friday that China’s plan to impose national security legislation on Hong Kong would undermine the territory’s autonomy.
Twitter flags China spokesman's tweet on COVID-19
SHANGHAI (Reuters) - Twitter has flagged a tweet written in March by a Chinese government spokesman that suggested the U.S. military brought the novel coronavirus to China, as the social media platform ramps up fact-checking of posts.
Chilean regulator approves Uber's purchase of Cornershop grocery app
SANTIAGO (Reuters) - Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.
International naval operation nets 50 tonnes of cocaine in 45 days
BOGOTA (Reuters) - A multilateral naval anti-drug operation confiscated 50 tonnes of cocaine in 45 days, Colombia President Ivan Duque said on Friday.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Drought adds to Belgian farmers' coronavirus misery
BRUSSELS (Reuters) - As coronavirus lockdowns disrupt food supply chains and shuttered restaurants curb demand for some of their produce, Belgium’s farmers are grappling with another crisis - drought.
EU Lawlords Put O2 and Three Merger Back on the Cards
The European Court of Justice has thrown out an earlier European Commission antitrust ruling that barred mobile giants O2 and Three from merging, freeing parent companies Hutchison and Telefonica to have another shot at synergising at boardroom level should they remain pumped for that sort of thing.
Virgin Media Stores Set to Stay Shut for Good Post-Lockdown
The coronavirus pandemic has seen UK high streets shut down completely, but as the lockdown measures ease up and non-essential stores get ready to open, Virgin Media has announced that it won't be reopening its door - ever again.
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
Verizon 5G Rollout Is Ahead Of Schedule, Good Luck Finding It Though
Verizon CTO, Kyle Malady said that it is actually early with its 5G rollout, that is despite the changes that the company (and the world) had to endure.
Simplo revenues to peak in 2Q20
Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
Taiwan analog IC firms to post revenue growth in 2020
Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.
Chassis specialist Ju Teng upbeats about 3Q20 orders
Chassis maker Ju Teng International expects the prevailing robust demand from the notebook sector to last into the third quarter of 2020, having experienced strong order pull-ins from clients in the second quarter.
Foxsemicon to enjoy revenue growth in 2020
Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.
IPC maker DFI to deepen deployments in AIoT, 5G
IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
The HP example: How to do collaboration and remote work right
Companies that figure out how to carry on successfully with a distributed workforce can emerge from the ongoing pandemic stronger than before. HP offers lessons on how to do that.
CBD businesses hoping that fewer people will keep working from home
Report from RNZ by Ruth Hill While government departments are keeping Wellington staff working at home – some shops and cafes in Wellington’s CBD report trade is down 40 percent.
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020
With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.
Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada
Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.
Cardano’s Charles Hoskinson Reveals “Shelley” Roadmap, Speaks on “Systematic” Approach
Cardano’s much-awaited Shelley protocol is going live soon. The protocol has spent years in development, and has been ardently awaited by fans of Cardano and ADA, its native currency.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Bank of Russia to Develop Digitial Mortgage on Blockchain Platform
Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project.
Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%
Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…
Canada bans cruise ship visits until October
The Canadian government on Friday extended by three months a ban on cruise ships entering Canadian waters because of the coronavirus pandemic. The ban, which began in April and will now run to October, has been tightened to include passenger boats and other vessels with more than 100 passengers and…
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
Tokyo Skytree to reopen June 1 after 3-month closure
The operator of Tokyo Skytree, a popular tourist destination in the Japanese capital, said Friday it will reopen the landmark tower on Monday after a three-month closure due to the spread of coronavirus infections. Tobu Tower Skytree Co said the 634-meter tower will reopen for shortened business hours from 9…
Britain may offer 'path to citizenship' for nearly 3 million in Hong Kong
Britain is prepared to offer extended visa rights and a pathway to citizenship for almost 3 million Hong Kong residents in response to China's push to impose national security legislation in the former British colony. China's parliament has approved a decision to go forward with national security legislation for Hong…
MP Rigathi Gachagua's Bank Accounts Frozen
The government went after accounts owned by the legislator, a close ally of Deputy President William Ruto after he was...
Governor Waiguru, PS Kibicho Fight Over Recognition for County Projects [VIDEO]
PS Kibicho burst out into laughter after being sent to return Waiguru's dowry by...
Station Casinos extends pay for workers through Wednesday
Station Casinos is extending regular pay and benefits for all full-time team members through Wednesday, one day before it will reopen select properties.
State could see $16 million in coronavirus costs through September, panel told
Health insurance claims for 47,000 state employees stemming from COVID-19 illness could cost the state more than $16 million through September depending on how extensively stay-at-home guidance and...
State gaming win down 99.6% in April with coronavirus closures
Clark County win was down 99.5 percent from a year ago with the only win coming from scattered bets from companies with sports betting apps and online poker.
Move 4 Less offers free moves to four families
The COVID-19 virus has triggered economic hardship throughout the Las Vegas community with many people struggling to pay their mortgage or rent. To help ease their burden, Move 4 Less has created t...
Lawrence Weekly to host town hall on small businesses reopening
Clark County Commissioner Lawrence Weekly on Monday is hosting a Facebook town hall to answer questions that businesses might have as they set to reopen.
ACT govt rules out business loans and grants, hospitality package welcomed
Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.
Coronavirus: Murrays bus services wait for green light to resume
Temperature checks and masks will be mandatory as the bus company puts in new measures to protect against COVID-19 spread.
Aviation regulator warns airlines that swarms of locusts could pose serious risk while flying
The DGCA said the pilot’s forward vision can be impeded if large numbers of the insects land on the windshield.
Does Centre have unfettered powers to impose conditions on states borrowing money?
States can now borrow 2% more funds as long as they meet certain conditions – including abiding by the ‘One Nation One Ration Card’ scheme.
Monsoon expected to hit Kerala by June 1, predicts weather department
In its forecast earlier this month, the India Meteorological Department had put the likely arrival date on June 5, four days later than usual.
Earthquake measuring 4.6 on Richter scale hits Haryana, tremors felt in Delhi
There were no initial reports of loss of life or damage to property.
Why BJP’s Himachal chief resigned after corruption was alleged in coronavirus PPE purchases
Rajeev Bindal may have had links to a key character in the graft case being investigated by the state police.
Indian economy grew at just 3.1% in January-March quarter, the slowest in 11 years
Output of eight core industries, meanwhile, declined by a whopping 38.1% in April, as against 9% in March.
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Walvis Bay residents, leaders welcome lockdown
RESIDENTS and leaders at Walvis Bay have applauded the president for what they describe as swift action to curb the spread of Covid-19 at the harbour town.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
No funds to pay green scheme workers
PETRUS Uugwanga, managing director of the Agricultural Business Development Agency (Agribusdev), on Tuesday said the agency cannot pay workers' overdue salaries at green schemes countrywide.
Shanghala employee denies meddling in ACC probe
AN employee of former justice minister Sacky Shanghala and his business partner James Hatuikulipi denied in the Windhoek Magistrate's Court yesterday that he tried to remove potential evidence
Big Campaign to Provide Employment to Migrant, CM Yogi's move Benefits more than 11 Lakhs -
Large populations have been affected by the prolonged lockdown in the country due to coronavirus infection. Among them also the
Barbershops, gyms, restaurants to be reopened in modified GCQ areas, says Secretary Lopez
Areas in the Philippines which will be downgraded to the modified general community quarantine (GCQ) will witness the reopening of businesses such as salons, gyms, and barbershops, Trade Secretary Ramon Lopez said today in an exclusive interview...
Singaporeans can expect to eat out, hit the gym, shop by end-June
Singaporeans can look forward to hitting the gym, eating out and shopping again when the second phase of the “circuit breaker” exit plan happens, which is expected to take place before June ends if COVID-19 transmissions remain low.
Check out the People Mover (not monorail) coming to Bangkok
Automated people movers designed in Canada and built in China will soon arrive to whisk passengers between commercial developments on the Chao Phraya River The first of several Bombardier Innovia APM300s will arrive next month to service the Gold...
Bangladeshi eggplant farmers reap rewards via genetics
Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.
KSA clears 369,000 hectares of desert locust swarms
RIYADH: The Ministry of Environment, Water and Agriculture cleared locusts from 369,391 hectares of land in the Kingdom between Feb. 1 and May 28, the Saudi Press Agency reported. The ministry reported that the locusts’ breeding season in the Kingdom is almost over and said that “monitoring, exploration and control operations were continuous for four months during spring in
Turkey says may begin oil exploration under Libya deal in 3-4 months
ANKARA: Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya’s internationally-recognized Government of National Accord (GNA) signed the maritime delimitation deal last year. Turkey says it
Syria’s Rami Makhlouf relinquishes assets to charity
DUBAI: Rami Makhlouf, one of the richest men in Syria, is relinquishing his assets to his charity Ramak Humanitarian, newspaper Asharq Al-Awsat reported. His shares in several banks and insurance companies will not be transferable or sellable, Makhlouf said. In another video message on Facebook, the businessman said he was “very relieved and euphoric” to transfer the
Lebanon has scant chance of getting IMF aid, Geagea says
BEIRUT: Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday. “Unfortunately, (matters) are going from bad to worse,” he said. “It could, in my opinion, reach social unrest, and social violence.”
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
New Zealand near eradication, but virus has grim global hold
New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim,
EU weighs China policy amid concern over Hong Kong moves
European Union foreign ministers debated Friday ways to manage tense relations with China as it asserts more control over Hong Kong and amid concern about Beijing’s influence over EU officials.
Quarantine bottlenecks add to woes of returning Filipinos
When his cruise ship sailed into Manila Bay after weeks of voyaging like a castaway amid port closures set off by the global pandemic, Erick Arenas felt he was finally home.
New director for Arizona Department of Economic Security
The Arizona Department of Economic Security has a new director.
Questions on reopening New York's economy baffle businesses
Some upstate New York business owners who made plans to reopen Friday as the state gradually loosens restrictions put in place during the coronavirus crisis remained close amid last-minute confusion o
Protest in Hong Kong over China move to pass security law
Dozens of people joined a protest in a mall in Hong Kong on Friday following a vote by China’s ceremonial parliament to approve legislation that could severely restrict opposition political activity a
Lee asks state agencies to cut budgets by 12%
Gov. Bill Lee has asked all state agencies to find ways to slash their budgets by 12% and submit their new proposals by the end of June.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
Asia shares fall as US-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Papal ping-pong? Vatican opens summer camp amid virus
The Vatican is getting into the summer camp business, with ping pong tables taking over the Vatican auditorium, a giant pool in the Vatican Gardens and team sports on the Vatican helipad.
Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight
Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...
Online poker betting hits a record high during the pandemic
The online poker industry is booming, but can it make up for what casinos are losing?
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it
Other borrowers say their paychecks are being garnished during the coronavirus outbreak, even though the CARES Act was supposed to prohibit the practice.
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it, and Chase Sapphire reward points can now be redeemed for groceries and takeout
Friday’s top personal finance stories
Texas Ranked Tenth in People Searching for Loans During Pandemic
With so many outlets being forced to close their doors during the coronavirus pandemic, a lot of people are in need of financial assistance.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.
PruPay Building Text-Based Payments System with PayPal
Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
Robinhood Names Surabhi Gupta as VP of Engineering
Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.
Maker (MKR) Jumps 37% Following a Second Listing on Coinbase
Coinbase listed MKR for the first time in April 2019, but due to limited liquidity no trades were executed.
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
Sberbank Forms Swiss Entity for Physical Commodities Trading
Sberbank has announced on Friday its expansion into the commodities market with the opening of a trading company in Switzerland.
CoinMarketCap Revamps Pairs Ranking to Chase Inflated Volumes
CoinMarketCap.com has unveiled a new ranking system for all trading pairs listed on the industry’s go-to aggregator of cryptocurrency data
Blockchain.com Rolls Out Bitcoin Interest Accounts
Blockhcian.com, one of the early crypto wallet platform, has rolled out interest-bearing accounts for deposited digital assets.
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
Lufthansa adds long-haul routes from Frankfurt and Munich
Newly announced destinations include Frankfurt to Cairo, Beijing, Shanghai and San Jose, and Munich to San Francisco, Delhi…
How Covid-19 is transforming Russia’s power structures
As Putin’s popularity falls while that of governors rises, the old centralised system is in flux.
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Burton residents told to curb water use as heatwave prompts spike in demand
South Staffs Water has set out a series of measures people should follow
Appeal from Ministry of Railways to passengers
Indian Railways has been running Shramik special Trains on a daily basis throughout the country to ensure that migrants can travel back to their homes.
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
'Only 4 trains out of 3,840 Shramik trains have taken over 72 hours to reach': Railways
Amid a report of Shramik Special train bound to Bihar's Madhubani from Mumbai reaching Odisha’s Rourkela without intimating the passengers about the change in the route, the Railways on Friday clarified that only four out of 3,840 trains have taken over 72 hours to reach their destination.
Liquor not a fundamental right, Delhi government
Trade or consumption of liquor is not a fundamental right and the state has the authority to regulate its sale, the AAP government has told the Delhi High Court maintaining its levying 70% ‘special corona fees’ on MRP of all alcohol brands is a price for grant of such privilege to the public.
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects its revenue to be "greatly reduced" in the coming months, hit by the COVID-19 pandemic and lockdown.
2 floors of Parliament Annexe building sealed after official tests positive for COVID-19
A Rajya Sabha Secretariat official tested positive for COVID-19 on Friday, the fourth such case in the Parliament complex, sources told PTI.
Bhopal: Chock-a-block with traffic, Rachna Nagar underpass turns into accident-prone spot
No less than two collisions are reported everyday from under bridge that is now overburdened by four times of its original capacity.
Uddhav Thackeray-led Maha Govt increases honorarium for doctors on contract and bond
On Friday, the Uddhav Thackeray-led Maharashtra Government announced a substantial hike in the honorarium of doctors serving their bonds to bring it at par with doctors working on contract basis. "This will further strengthen their resolve in this war against COVID-19," said the Chief Minister.
The release of private motorists breathes life into the fuel industry
Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.
Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers
After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.
Federal grant to help UArizona telehealth resource center assist communities
The Southwest center is one of 13 such centers around the country that provide help particularly for rural and underserved communities.
CEO Williams: "Do consider selling the entire company"
The collaboration with ROKiT has been terminated with immediate effect and the Formula 1 team may go on sale. That was the news that Mike O'Driscoll said this Friday morning. Through the official channels, the CEO will give some more text and explanation.
How private equity is a risky play for the economy and jobs
Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.
Key Russian air cargo customer sues Boeing over widebodies, highlighting how coronavirus shifted market
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard...
Trump WHO funding cut prompts criticism as virus spreads
WASHINGTON (AP) — President Donald Trump's announcement he was cutting U.S. funding for the World Health Organization prompted criticism Saturday, as spiking infection rates in India and elsewhere served as...
Asia Today: India to allow reopenings in some areas
NEW DELHI (AP) — India is extending its lockdown in containment zones until June 30 but will allow economic activities to restart outside these areas even though coronavirus cases continue...
Master of cargo ship charged over Australia container spill
BRISBANE, Australia (AP) — The ship master of a Singapore-registered vessel that spilled some of its cargo off the Australian east coast has been charged with damage of the marine...
Microsoft is cutting dozens of MSN news production workers and replacing them with artificial intelligence
About 50 employees — contracted through staffing agencies Aquent and MAQ Consulting — were notified that their services would no longer be needed beyond June 30.
Trump strikes China over virus, Hong Kong and student visas
WASHINGTON (AP) — President Donald Trump has announced that he would withdraw funding from the World Health Organization, end Hong Kong’s special trade status and suspend visas of Chinese graduate...
China home-built aircraft carrier conducting sea trials
BEIJING (AP) — China’s Defense Ministry said the navy’s only entirely home-built aircraft is carrying out sea trials to test weapons and equipment and enhance training of the crew. Ministry...
Application for Coronavirus Alleviation Programme is free - NBSSI
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
UT Bank collapse: State ordered to file relevant documents by June 22
An Accra High Court has ordered the State to file, by June 22, all the documents they intend to rely on in the matter of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana and five others, whose alleged roles led to the collapse of the Bank.
Chinese companies in India dither to join country’s fight against Coronavirus; Make negligible contributions for the sake of optics
The major Chinese companies including Xiaomi, Vivo, Oppo, Huawei, Oneplus whose annual revenue is approximately INR 60710 crore, have just contributed INR 24 crore (0.04%) for India’s fight against coronavirus pandemic.
Worley to provide EPC services for consumer-plastics-to-BTX plant in U.S.
Worley (North Sydney, Australia) will provide engineering, procurement, and construction (EPC) services for Encina’s (Houston) consumer-plastics-to benzene
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
BP licenses PTA technology to Weilian Chemical
BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Adidas and Allbirds team up to make environmentally friendly shoes
Adidas and Allbirds hope to create a high performance sneaker with the lowest carbon footprint to date.
Senators ask FTC to investigate Instacart over 'tip baiting'
A group of US senators has called on the FTC to investigate Instacart and other grocery delivery services for allowing 'tip baiting' that stiffs couriers.
Rony Abovitz confirms Magic Leap's new funding, will step down as CEO
Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
India Rules Out Any Plan to Restrict Chinese Foreign Portfolio Investors
New Delhi (Sputnik): Border tension has been simmering between India and China after a skirmish between patrol parties in Ladakh's Galwan Valley sector earlier this...
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
SpiceJet Becomes India's First Carrier to Deliver Essential Supplies, E-Commerce Goods Via Drones
New Delhi (Sputnik): As the coronavirus pandemic has put restrictions on the unessential movement of people and services, drones have spearheaded contactless deliveries...
EU Concerned Over Beijing's Move to Develop National Security Bill for Hong Kong
MOSCOW (Sputnik) - The European Union expresses grave concerns over Beijing's decision to develop a security bill for Hong Kong as it contradicts the Hong Kong Basic...
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
North Korea Accuses Washington of ‘Smear’ Attempt With Cyberattack Claims
In a Friday statement, the Democratic People’s Republic of Korea (DPRK) rejected accusations it had masterminded cyberattacks against the United States and other...
India Heads for Recession as GDP Growth Dips to Lowest since 2012
New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...
IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy
WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
UK Sought 'New Entrants' in 5G Networks Amid Huawei Approval, US-China Trade Tensions - Downing Street
The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant's role in...
US Mercenary Behind Botched Venezuela Incursion Associated With Businessman Who Betrayed Maduro
Venezuelan law enforcement has detained 66 persons in connection with the disastrous May 3-4 mercenary incursion of Venezuela, which was aimed at kidnapping President...
US Turns Away Two Ships Carrying Iranian Fuel From Venezuela Under Sanctions Threat
Iran has been supplying petroleum products to Venezuela as the Latin American country is facing a severe shortage of gasoline and is struggling to procure it abroad...
Back to work! How businesses are adjusting to a newer, safer way of working
Metro.co.uk: News, Sport, Showbiz, Celebrities from Metro
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
A quarter of jobs at Belfast International Airport set to be cut
Airport boss warns it will take "years" for air travel to return to normal has he confirms plan to cut 45 jobs.
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
DUP's Ian Paisley says email on Stormont contact tracing was 'jocular'
IAN Paisley accidentally sent an email reply to hundreds of MPs saying he "wouldn't let any government, least of all the NI Executive, track and trace me and my movements".
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
13 puppies 'bred in horrendous circumstances' rescued by animal welfare charity
Scotland's animal welfare charity has rescued 13 puppies from an illegal dealer at Cairnryan Port in Dumfries and Galloway.
Fears for Belfast airport jobs as easyJet confirms major cull of staff
DOZENS of airline staff could be axed at Belfast International Airport as part of a cull by easyJet as it struggles with a collapse in air travel caused by the virus pandemic.
Book your hotel room... But check in whenever
HOSPITALITY chiefs claim the Executive's decision to allow hotels in the north to take advance bookings "at risk" from June 8 but with no definitive dates is "causing confusion - and could lead to job losses on a massive scale".