Economy 2959
'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes, Business Insider - Business Insider Singapore
Business Insider - A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.. Read more at businessinsider.sg
Vanishing jobs for young could create 'lock-down generation'
The Middle East is just one of the world's many regions struggling to cope with the Covid-19 outbreak. After first peaking in China, where it began, then Europe, now it's the Americas that is seen as the main epicenter
CARES Act Flaw: Employees Reject Jobs in Favor of PPP Funds
Some business owners are having difficulty “reopening” because their employees would rather collect funds through the Cares Act PPP.
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Why the people rushing to get life insurance now are doing a smart thing
The pandemic has opened people’s minds about the need to protect dependants in case of an emergency
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
Why Many Cloud Computing Stocks Crashed Today
The stocks behind popular cloud-based business services such as Okta, Datadog, and Twilio fell sharply on Wednesday.
38,000 villages countrywide can access safe water
These villages represent 69% for rural areas whereas 79% are in urban centre.
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, ...
Netflix's Filthy Rich: 6 Things to Know From Vanity Fair's 2003 Profile on Jeffrey Epstein
Six takeaways from Vanity Fair's 2003 profile on Jeffrey Epstein, written by Vicky Ward, featured in Netflix's new documentary Filthy Rich.
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as...
Indices post biggest jump in 7 weeks on banking stocks rally, global cues
Sensex gains 996 points as banking stocks rally
UPDATE 1-COFCO to turn Santos port terminal from grains to sugar - statement
(Adds details of operation, context on sugar market)By Roberto Samora and Marcelo TeixeiraSAO PAULO/NEW YORK, May 27 (Reuters) - Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
A timeline of events in the case of Meng Wanzhou
VANCOUVER - A timeline of the Meng Wanzhou case, and rising tension between Canada and China.2018Aug. 22: A New York court issues a warrant for the arrest o
6 contract workers at TISS lose jobs; union calls it immoral
Lease of 2 off-campus hostels where they were employed ends
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Apple Looking For Growth Return
Analysts see green again in December 2020 quarter. October iPhone launch may change the narrative. Another trade war could pressure shares.
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Disney World to Reopen in July, SeaWorld Orlando to Reopen in June
Walt Disney World is planning on a phased reopening for its four parks in July, while SeaWorld Orlando plans to open its parks in June.
Cuomo says he had ‘good’ talks with Trump on New York infrastructure projects
Gov. Andrew Cuomo insisted he had a “good conversation” with President Trump during their Wednesday White House meeting on New York’s infrastructure — but sure didn’t seem in
‘Avalanche of Evictions’: Many Americans Face Homelessness as Moratoriums Lifted
Many Americans are facing unemployment and could soon be evicted amid the COVID-19 pandemic, despite temporary government assistance.
Military has located wreckage of helicopter and remains in Mediterranean
Six Canadian service members died April 29 when the Cyclone helicopter crashed within sight of HMCS Fredericton, which is participating in a NATO mission
Approval rating for Modi govt 2.0 falls to 62% from 75% last year: Survey
The government's handling of the Covid-19 pandemic, however, got the highest approval rating
Singapore warns of worst economic contraction since independence
Singapore warns of worst economic contraction since independence
The long march home
For the State, the migrant worker is at once an ‘asset’ as a source of fluid labour supply and a liability in terms of resource distribution away
Wall Street set for higher open as recovery hopes outweigh Sino-UStensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
TIPEDI cautions NASS against interference in IMC audit
Transparency in Petroleum Exploration and Development Initiative, TIPEDI, has asked NASS, not to interfere with the work of NDDC-IMC.
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters
Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autono
United Way allocating $6.6M in federal funding to help with food security, youth mental health
Applications from Fraser Valley and Lower Mainland charities being accepted for the emergency funding
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
AfDB Allegations: Adesina insists on innocence, demands justice
The President of the African Development Bank (AfDB), Akinwumi Adesina, has maintained that he is innocent of all allegations of fraud leveled against him.
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
Money laundering case: DHFL promoters Wadhawans sent to jail
Kapoor is currently in the ED's custody. The Wadhawans are also being probed by the CBI in connection withthe same case.
Chinese scientists say Wuhan animal market isn’t where coronavirus began
Chinese scientists say the coronavirus didn’t originate at a live animal market or a laboratory in Wuhan, pushing back against US officials over where the pandemic began, according to a
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
Coronavirus tourism lockdowns hit Hawaii’s vacation rental industry hard in April | Honolulu Star-Advertiser
Vacation rental accommodations, even the legal ones, were economically decimated in April amid COVID-19 fears and tourism lockdowns.
Nearly two dozen attorneys general sue Trump administration over controversial fuel standard
Car companies are split on the standards
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
Lagos BRT operators to roll out more buses – Transport Commissioner
Dr Frederic Oladeinde, Lagos State Commissioner for Transportation, says more Bus Rapid Transit (BRT) will soon be rolled out to address
Zimbabwe Buys US$5 Face Masks For US$28 In Shocking Covid-19 Scandal
A shocking corruption scandal has been unearthed in which the government of Zimbabwe bought Covid-19 equipment at hugely inflated costs from a private
LASG to deliver Agege flyover September, gives assurance on 4th Mainland Bridge
The Lagos State Government on Wednesday promised to deliver the Agege flyover bridge in September to tackle gridlock on the axis.
Wall Street gains with economic hopes; bank stocks jump
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
Tshinga Dube calls for GNU to rescue economy
FORMER War Veterans minister Tshinga Dube is known for his straight talk and fearless character. A long-time serving Zanu-PF member and a liberation stalwart, T...
Disney World to Reopen in July, SeaWorld Orlando to Reopen in June
Walt Disney World is planning on a phased reopening for its four parks in July, while SeaWorld Orlando plans to open its parks in June.
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
Why Moderna Stock Dropped Today
The biotech's coronavirus vaccine reportedly made some people sick.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death., Business Insider - Business Insider Singapore
Business Insider - The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.. Read more at businessinsider.sg
Historic pay equity settlement imminent for teacher aides - Hipkins
The Ministry of Education and NZEI Te Riu Roa have agreed to settle the pay equity claim for teacher aides, Education Minister Chris Hipkins announced today.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
Tech selloff weighs on S&P 500, Nasdaq
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
Catholic Minnesota diocese to pay $22.5M to sexual assault victims
The Roman Catholic diocese of Saint Cloud in Minnesota announced in a statement Tuesday they will pay $22.5 million to 70 victims of clergy sexual assault and file for Chapter 11 bankruptcy.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
Alberta’s Jason Kenney says targeted approach needed to prevent COVID-19 resurgence
Kenney says the key to prevention will be ramped up testing, border screening and a focus on the protecting the highest risk group – seniors and those with underlying conditions
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
Ex-IAAF chief Diack's corruption case changed to 8 June
The Paris trial of Lamine Diack who is accused of accepting millions of dollars to cover up positive Russian doping tests, has been moved back five days to 8 June.
Mandera: Elwak to become a municipality
MCAs vote unanimously to elevate the status of the town bordering Somalia.
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Wall Street gains amid economic hopes; tech shares decline
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering ...
Moderna rally loses steam over COVID-19 vaccine worries
(Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc (MRNA.O), fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
BoA Experiences Potential Data Breach With PPP Applications
Bank of America notified principal owners of a potential data breach after the bank uploaded loan applications of some customers to a test application platform.
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Huawei CFO loses bid to dismiss US extradition request
Canadian court ruling will allow proceedings to continue against Meng Wanzhou
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Neste and Covestro enter cooperation related to sustainable plastics production
Neste Corp. (Espoo, Finland) and Covestro AG (Leverkusen, Germany) are starting a strategic cooperation in Europe to promote the use of sustainable raw mat
Kenney says targeted approach needed to prevent COVID-19 resurgence
Premier Jason Kenney says Alberta has been among the world leaders in staunching the spread of the COVID-19 pandemic, but at a staggering financial cost the province cannot afford to repeat should there be a second wave.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
Joni Ernst on Book: Embrace Iowa 'Grit' to Help Nation
Joni Ernst spoke with Breitbart News about her book and how her "gritty" upbringing on an Iowa farm translated to her movement to cut waste.
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp overnight rise that came about after a prolonged period of rangebound trading at its key support level of $8,800.
MGM Resorts to re-open its Las Vegas casinos on June 4
(Reuters) - MGM Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions aimed at curbing the spread of the novel coronavirus.
50 per cent job seekers enhancing skills in lockdown for better career opportunities: Survey
The country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
Federal lawsuits against East Texas ‘sanctuary cities for unborn’ dropped by ACLU
A lawsuit brought by the American Civil Liberties Union on behalf of two reproductive rights groups against seven East Texas cities has been dropped after changes were made to local ordinances.
Huawei disappointed by a Canadian court ruling against CFO meng Wanzhou’s bid to avoid extradition
Following a Canadian court ruling that the case of senior Huawei executive Meng Wanzhou, who is fighting extradition to the United States, can go forw
As dry as a bone: Reservoir levels fall and our parks turn brown in driest May since Victorian time
The driest May in 124 years has only seen 1.25in (31.8mm) of rain fall on average across the UK this month, and forecasters say this is unlikely to increase in the final few days of May.
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
5 Top Stock Trades for Thursday: TWTR, ZM, TSCO, COST, JWN
Costco Wholesale, Twitter, Nordstrom, Tractor Supply and Zoom Video were our top stock trades on Wednesday. So, let's look at the charts.
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
Canadian court deals blow to Huawei CFO
Huawei CFO Meng Wanzhou lost a bid to have US extradition proceedings dismissed, after a ...
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. […]
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
Tlaib Opponent Brenda Jones Collected Campaign Contributions From Quicken Loans Executives as Public Subsidies Flowed
Jones received $25,000 in contributions, while Dan Gilbert, Michigan’s richest man, has accumulated over half a billion dollars in public subsidies.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
HP Earnings: HPQ Stock Falls 4% on Weak Q3 Guidance
HP (HPQ) earnings for the tech company's fiscal second quarter of 2020 have HPQ stock falling after-hours Wednesday despite an EPS beat.
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
SAA business rescue practitioners get leave to appeal lay-offs
'If there is no funding, we believe that the best option is a structured wind down, which is a better option than liquidation,' the BRPs said.
Gujarat: Portal editor granted bail by sessions court
Patel was charged under Indian Penal Code Section 124 A for sedition and Section 54 of the Disaster Management Act (punishment for false warning) by the Ahmedabad Detection of Crime Branch (DCB) on May 11 for “trying to create unrest in society”.
Italy-bound flight returns to Germany due to closed airport
May 27 (UPI) -- A flight that departed from Germany landed at the same airport four hours later because the intended destination hub in Italy was be closed.
BART announces 'welcome back' plan. Here's how commuting will be different
BART unveiled a 15-point "welcome back" plan Wednesday aimed at restoring the public's trust in the beleaguered transit system as the Bay Area begins to reopen.
The first batch of Sri Lankans leaves Doha in special repatriation flight
The first batch of Sri Lankans departed from Doha as part of a repatriation drive by the Embassy of Sri Lanka in Qatar, yesterday. A total of 275 were onboard Srilankan Airlines flight UL 218 departed from Hamad International Airport.
Government has no choice, must listen to wise counsel, says Chidambaram
The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.
LCA Tejas joins IAF 18 Squadron today; Air Chief Marshal RKS Bhadauria flies fighter
LCA Tejas IAF(Indian Air Force) News: All you need to know about the newly inducted combat aircraft Tejas. Air Chief Marshal RKS Bhadauria flies fighter jet Tejas in his first solo sortie as IAF chief
$3b saved as NSW public service pay frozen
NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
Presidency denies reports on Buhari canceling appointments, approvals made by Abba Kyari
Nigerian Presidency on Tuesday night denied reports that President Muhammadu Buhari has cancelled appointments and memos
ICC threatens to shift 2021 T20 World Cup from India over tax issues
The Indian board's request for a deadline extension due to the Covid-19 pandemic has been rejected | ESPN.co.uk
Regional mining equipment, technology, service companies targeted with innovation accelerator program
"When those mines in Victoria expand, it means they can get in there getting those business opportunities."
Huawei CFO loses bid to dismiss US extradition request
Huawei Technologies chief financial officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the US to face bank fraud charges.
Toni & Guy and Regis hairdressers announce plans to open on 4 July
Our roots will be forever thankful.
T-Mobile leads modest growth in Dutch broadband subscribers in Q1, KPN losses continue
A year after launching a major expansion in its fibre footprint, KPN has yet to restore growth in its broadband business. The latest data from Telecompaper shows the incumbent lost another 17,000 broadband subscribers in the first quarter of 2020, while rival VodafoneZiggo added nearly 10,000 new connections. T-Mobile was again the biggest winner, adding the most new broadband subscribers in Q1.
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
Some employees miss working in air-conditioned spaces as central Canada sizzles
Natasha Burtenshaw-deVries lives in one of several apartments in a converted house in Brantford, Ont., that doesn't have central air conditioning.Her mom pu
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
Integral to Provide Workflow Automation to Velocity Trade
Integral announced that it has been selected by Jefferies’ TrueFX trading network, Velocity Trade, to update its workflow automation and trading technology.
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
Is the COVID-19 crisis spurring faster digital transformation or short-term IT fixes? | ZDNet
According to a global survey from AppDynamics, most IT professionals are concerned about the long-term impact of their current digital transformation initiatives.
Nevada to reopen casinos June 4, welcoming tourists again
By allowing the casinos to reopen, with new rules on social distancing and sanitizing, the governor said Nevada would again welcome visitors but would be prepared to close down again if there is a spike in cases.
Deal struck to allow cabling from Scotland’s biggest windfarm under world-famous Carnoustie links
A deal has been struck to allow part of Carnoustie’s world-famous golf links to be used for cabling from what will become Scotland’s largest offshore windfarm.
EDF goes ahead with Sizewell C application despite local objection
Energy giant EDF Energy has today submitted plans for the new Sizewell C nuclear power station on the Suffolk coast.
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Some employees miss working in air-conditioned spaces as central Canada sizzles
As central Canada prepares for another day of stifling heat, some employees working from home because of COVID-19 are missing their air-conditioned workspaces.
'Reboot, reform' of agriculture pushed
During the launch of the "Plant, Plant, Plant" program in line with the celebration of the farmers and fisherfolk's month at the Department of Agriculture central compound in Quezon City, Dar said the agriculture sector should be more responsive especially with the pressing issues faced by the country.
Online gambling firm closes after investigation finds ‘serious failings’
The probe was launched following the death of a 25-year-old customer who lost more than £30,000.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s
The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
World economic prospects darken, rebound delayed: Reuters poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the ...
No more furlough: Rishi Sunak 'set to close scheme to new applications'
Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
News Corp to cut hundreds of jobs in restructure
News Corp is on the verge of announcing large scale job cuts as it restructures its Australian publishing business, and moves many of its regional and community newspapers into a digital only model.
Putrajaya delays enforcing law amendment for worker housing improvement
KUALA LUMPUR, May 27 — The Ministry of Human Resources said today it would delay enforcing the amendment to a law that would have required employers to improve housing for their workers. Its minister Datuk M. Saravanan said the delay is meant to give companies more time to prepare. Parliament’s...
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Some employees miss working in air-conditioned spaces as central Canada sizzles
Natasha Burtenshaw-deVries lives in one of several apartments in a converted house in Brantford, Ont., that doesn't have central air conditioning.
Online gambling firm closes after investigation finds ‘serious failings’
The probe was launched following the death of a 25-year-old customer who lost more than £30,000.
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
A's to place scouts on furlough, end minor league pay
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as part of a cost-cutting move in response to the COVID-19 pandemic.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Deputy calls for figures to back up ‘buy local’ campaign
ROBUST data showing why buying goods and services locally is so important is needed as soon as possible so that a convincing case can be made to reinforce the message of the JEP’s Celebrate Local campaign, a States Deputy has said.
Renault and Nissan deepen cooperation in bid for survival
TOKYO, May 27 — Renault, Nissan Motor Co and Mitsubishi Motors Corp said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive. The three carmakers are reeling from the coronavirus pandemic which...
Centre, Maharashtra spar over Shramik Specials ‘going empty’
According to the Railways, based on the demand assessment provided by the Maharashtra government on May 15, 145 trains were planned.
Commentary: More action needed to bolster economy — and quickly
A dollar spent on speeding our recovery today will pay off with dividends across the decades to come.
World coronavirus dispatch: Big Tech's big plans for the post-Covid world
From first drone deliveries in the US, to how South Korea crushed its second outbreak, and the impact of Covid-19 on militant activity in Africa - read these and more in today's world dispatch
EUR/USD remans under pressure around the 1.0960 area
The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to the
Talk of the Town article leads to clean-up operation in Muirhevnamor - Talk of the Town
If you want something done, turn to Talk of the Town! That seems to be the message after a clean up got underway in Muirhevnamor yesterday, less than 24 hours after we highlighted illegal dumping in the area. On Monday we reported how residents of Road 2 and Crescent 1 had been trying to get...Read More→
A gateway to transport and energy research: The Innovation and Networks Executive Agency
D Beckers, Director, Innovation and Networks Executive Agency, charts the important work of the organisation in supporting transport and energy research
EUR/USD: The safe-haven US dollar is gaining some ground
EUR/USD has been retreating amid intensifying Sino-American relations as speculation about the next central bank moves stands out, Yohay Elam, an anal
Q4 GDP: Where will India be when this dreadful year finally ends? Today's numbers will show the first signs
The nationwide lockdown announced from March 25 brought the entire economy to a standstill .
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
Hours before taking up migrant workers issue, Supreme Court got stinging letter from senior lawyers
They criticised the top court for its “self-effacing deference” to the government
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
Is this the death knell for bank branches?
Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.
Oil falls on demand concerns, US-China tensions
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...
Trudeau points to job listings
UPDATE 8:48 a.m. Wednesday morning was Prime Minister Justin Trudeau's 65th early morning address to Canadians from Ottawa.
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Boeing workers cope with the virus threat as layoffs loom
Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.
COVID-19: FG, Shell, Eni await new date for $1.1bn Malabu court case in Italy — Investigation
BARELY, a week after the London court had dismissed the $1.1 billion Malabu case, involving the purchase of Oil Prospecting Licence
$400-M ADB loan to fund PH capital market dev’t
The Asian Development Bank has approved a $400-million policy-based loan to support the government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth, and poverty reduction.
Bar Council of India urges Chief Justice Bobde to re-start courts from June 1
In the letter, BCI Chairman Manan Kumar Mishra asserted that only 10 per cent of the cases are being heard these days despite the fact that there was an 80 per cent pendency of cases in trial courts.
Stocks in focus: RIL, Bharti Airtel, Sun Pharma, Titan, United Spirits among others to remain in news
Dabur India, Sun Pharmaceutical, Aditya Birla Fashion, JP Associates and Tata Investment Corporation are among 21 companies that slated to announce their March quarter earnings today.
Outdoor spaces and improved transport options - how a new east Manchester arena could lead on sustainability as well as boosting the economy
OVG aim to make the proposed new east Manchester arena the most sustainable in the UK
'Flying Bullets' operationalised, IAF chief takes Tejas sortie
Coimbatore: Chief of Air Staff Air Chief Marshal R K S Bhadauria flew a Tejas single-seater light combat aircraft at the Sulur air force station on Wednesday. Officials said Air Chief Marshal...
55 Covid-related goods makers keen on investing in PH
Trade and Industry Sec. Ramon Lopez said 55 companies manufacturing products to fight the coronavirus disease 2019 outbreak have expressed interests to invest in the country.
Shares in Latin America's biggest airline plunge after bankruptcy filing
Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.
Why Technology Is Proving Surprisingly Defensive
In mid-February, the market was at an all-time high, unemployment was at a 50-year low and investors were starting to contemplate a Sanders presidency. Despite
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA - A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail tha
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Aldi announces plans to open new store in Cork
Aldi has said that the new store will see “substantial investment” in the area.
How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel
The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and credit unions are using to detect and thwart it.
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Energy group urging people to help environment after Covid-19 crisis
An energy group from Montgomery has urged people to consider life after coronavirus, and its impacts on the environment.
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
Covid-19: Malaysia has sufficient supply of food and necessities, says minister
SERIAN, May 27 — Malaysia has sufficient supply of basic food and necessities to last during the current Covid-19 pandemic period, said Minister of Domestic Trade and Consumer Affairs (KPDNHEP) Datuk Alexander Nanta Linggi. He said the KPDNHEP, together with the Ministry of Agriculture and Food...
Only The Lonely Can Play
Great investment opportunities are lonely. History shows us the crowd behaviors to avoid and the investment market circumstances to capitalize on. We believe we
Congress to launch “Speak Up” campaign on economic crisis created by lockdown
Party’s main demand is assistance of ₹10,000 for every family that falls outside I-T bracket
Obaseki constructs roads in Ekosodin after years of neglect, as projects excite residents
Residents in Ekosodin community, Ovia North East Local Government Area of Edo State, have applauded the Governor Godwin Obaseki
Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake
The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Hundreds of masked guests line up as Tulalip casinos reopen
Tulalip Resort Casino and Quil Ceda Creek opened the doors on Tuesday after a two-month closure.
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
A look at how provinces plan to emerge from COVID-19 shutdown
Provinces have been releasing plans for easing restrictions that were put in place to limit the spread of COVID-19.Here is what some of the provinces have a
A look at how provinces plan to emerge from COVID-19 shutdown
Provinces have been releasing plans for easing restrictions that were put in place to limit the spread of COVID-19.
SpaceX passenger brought down to earth by tax evasion allegations
Japanese billionaire Yusaku Maezawa set to be company’s first space tourist
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
Nissan-Renault alliance to share more parts, technology
Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.
How much will be enough when it comes to Canada's COVID-19 supply?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that production will take place over the next year.
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Ram Temple trust chief offers prayers at shrine after 28 years
Ram temple trust chairman Mahant Nritya Gopal Das has offered prayers at the Ram Lalla shrine here on what is said to be his first visit to the makeshift temple in nearly three decades.
Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source
MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...
COVID-19: Kaduna govt extends restrictions by two weeks
It added that according to the COVID-19 review report, "many of the cases recorded in Kaduna State have either been from persons with a history of
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
Coronavirus: Over 2 million masks distributed to Dubai workers
3 million labourers educated about need to take precautionary measures
COVID-19: Gov. El-Rufai extends Kaduna lockdown by 2 weeks
Gov. Nasiru El-Rufai has extended the lockdown order in Kaduna State by another two weeks, the state Deputy Governor, Dr Hadiza Balarabe said in a statewide broadcast on Tuesday.
Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020
The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.
Bihar Board Class 10 result: How to file for scrutiny? What is compartment exam?
BSEB 10th result: While 80.50 per cent have cleared the exam, over 2.89 lakh candidates have failed. An additional 1,019 will have to appear for the compartmental exam.
Millions gone in Delta market fires - The Nation Nigeria
No fewer than 300 shops were on Tuesday razed in Asaba, the Delta State capital. Gone with shops were articles valued at millions
GBP/USD: At 1.38 by year-end in the best scenario – UBS
The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
2020 budget: NASS suspends holiday to consider revised appropriation bill
The National Assembly, the legislative arm of the country, has put its holiday on hold in order to reconvene and consider the 2020 revised budget on Thursday.
KCR to release water from Kondapochamma on May 29
Kondapochamma is one among the aggregation of several projects, which is called Kaleshwaram.
Coronavirus: 'Short-lived' rebound in house hunter demand
Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...
Gold Price Forecast: New Trend Lower is Forming
Gold prices are have fallen for three days in succession now and mid-week trade sees the precious metal lower at $1708. Analyst and technical forecaster Richard Perry of Hantec Markets says there is a risk gold shifts into a near-term downtrend
FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?
As banking continues to go digital, five experts talk about the ways financial institutions can break out and thrive by focusing on agility and partnerships.
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
USD/BRL: 6.00 is a realistic upper barrier – Credit Suisse
Analysts at Credit Suisse think the more forceful FX intervention language and improved external sentiment warrant a range approach to USD/BRL, target
Gold prices hit 2-week low on reopening optimism
US gold futures were down 0.5 per cent to $1,697.60.
Migrant exodus likely to peak next month, says NITI Aayog affiliate; warns return to cities may take over a year
When will migrants return to the cities? No one knows the answer, but the experts handling the labour issues for decades, believe that only 10 percent of migrant workers have returned to their home states and that the numbers could increase in June and July
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Police find £1m cash in suspect’s home after stopping his car
The search was carried out by officers from the Metropolitan Police’s Operation Venice.
In 2019, Lagos, Rivers, FCT, Ogun earned more than other 33 states combined — NBS
The quartet of Lagos, Rivers, the FCT and Delta states had a combined internally generated revenue more than all other 34 states of the federation...
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices
Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
Twin lows brewing over Arabian Sea
Eight southern and central districts can expect isolated heavy rainfall today
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses, Business Insider - Business Insider Singapore
Business Insider - Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.. Read more at businessinsider.sg
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
Man says he broke into San Diego bank just so he could heat up his Hot Pockets
A man who was arrested on suspicion of breaking into a Chollas View bank early Wednesday morning apparently entered the branch just so he can heat up his Hot Pocket sandwiches.
Is American Airlines Worth Saving?
The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U
The full list of shops, restaurants and businesses the government has banned from reopening on June 15
Lockdown is easing, but not for everyone…
China to loosen flight restrictions after outcry from stranded citizens
Starting June 2020, the number of permitted flights in China will nearly triple to 407 per week
Eleven more coronavirus deaths announced in Wales to bring total to 1,293
Public Health Wales' updated figures show 1,293 people in Wales have died after testing positive for coronavirus
New Wetherspoons pub plan approved for Merseyside
The plan represents a £2.2m investment in the town
Latest on the worldwide spread of the coronavirus
The Americas have emerged as the new epicenter of the coronavirus pandemic, the World Health Organization (WHO) said, as outbreaks accelerate in Peru, Chile, El Salvador, Guatemala and Nicaragua.
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
Fiver flutter earns €7,505 Lotto in for lucky Louth punter - Talk of the Town
One household in Co Louth is celebrating this week after a €5 flutter landed a tasty four-figure sum from just three lucky Lotto numbers. The anonymous customer placed a €5 treble via their BoyleSports online account on Tuesday and was left hoping for the trio of numbers to come out in the main EuroMillions draw...Read More→
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
The Chinese Communist Party puts on a brave face
The National People’s Congress (NPC) of China meets every year at the end of March. The NPC is the highest legislative and representative body of China and it has the power to make and implement
Salaries get chopped for many Americans who manage to keep jobs
Americans taking pay cuts 'might have little, and in some cases maybe nothing, left over after that for discretionary purchases'
Coronavirus has created a 'lockdown generation', with one in six young people forced to stop working, UN warns
The body's International Labour Organisation said the COVID-19 crisis has disproportionately affected young people and could impact upon their work opportunities and career options for decades.
Some countries are offering to pay tourists to visit after coronavirus
With flights grounded and borders closed amid the coronavirus pandemic, several countries are offering to pay tourists to visit once the crisis is over, according to a report. In Italy, travelers to
Shashank Manohar declines extension, BCCI says an Indian could contest for ICC chairman post - Cricket news
Shashank Manohar has declared he will not seek another term as the chairman of the International Cricket Council (ICC) and also declined an offer of an extension.
After row over paid quarantine, Kerala mulls changes
Chief minister Vijayan under fire for making Keralites pay for 7-day quarantine
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
A.O. Smith partners with FoxyMoron to enhance digital presence
The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement
Valuation of Plus Two answer papers begins
Due safety precautions taken in view of COVID 19 pandemic
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
Another economic crisis and the cupboard appears bare
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery.
Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security
The GSX Group recently announced the launch of "GRID" - platform to create and launch digital securities. GSX is the company that operates the Gibraltar Sto
Rain effect: Sewage water enters houses
Mysore/Mysuru: Heavy rains accompanied with gusty winds continued to lash city yesterday too. The rain, accompanied by thunder, lightning and strong wind, which began at about 7.30 pm, uprooted a tree at Vidyaranyapuram and brought down branches on Chamaraja Double Road, near Kurimandi in Kesare and other places across the city. The Mysuru City Corporation’s...
Which? launches new way to report delays to your flight refund
A number of customers have been waiting weeks for a flight refund
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Coinbase Set to Acquire Institutional Crypto Brokerage Tagomi
Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed tha
AUD/USD plummets to session lows, further below 0.6600 mark
The AUD/USD pair extended its sharp intraday pullback from the highest level since mid-March and dropped to fresh session lows, below the 0.6600 mark
Whole country to move to Level 3 on 1 June, but further detail delayed, again
A highly anticipated media briefing on the Level 3 regulations has once again been postponed. Meanwhile, Health Minister Zweli Mkhizi clarified on Wednesday that Covid-19 hotspots will move to Level 3 along with the rest of the country on 1 June.
Government mulling on online teaching for PUC
Mysore/Mysuru: In a significant move in taking online education to all levels of higher education, the State Government on Tuesday resolved to continue with the system as a new normal in higher education. Chief Minister B.S.Yediyurappa at a review meeting of the Higher Education Department at Bengaluru yesterday directed officials to extend the current online...
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
Nevada governor to allow casinos to reopen next week
Nevada Gov. Steve Sisolak (D) on Tuesday announced that the state’s casinos will begin reopening next week, a move that could provide a big economic boost amid the coronavirus’s burgeoning economic
FG to inaugurate 200,000 capacity yam storage facility in Benue
The federal government will, on June 9, inaugurate the 200, 000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs)
Revenue Service Officer Allegedly Commits Suicide At Delhi Home, Note Found
An Indian Revenue Service (IRS) officer allegedly committed suicide by hanging himself from the ceiling fan at his residence in Bapu Dham on Wednesday, police said.
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
ZUBR Granted Gibraltar’s In-Principle DLT Approval
ZUBR has received an in-principle decision from the Gibraltar Financial Services Commission to grant the firm authorisation as a DLT provider
Police find £1m cash in suspect’s home after stopping his car
The search was carried out by officers from the Metropolitan Police’s Operation Venice.
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Proposal For Trans-Tasman Bubble Considers Every Step Of A Passenger’s Journey
A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.
Despite rate cuts, your EMIs may still not fall as much
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank
Expect Canopy Growth Stock to Pass Its Big Earnings Test
CGC stock has rallied from March lows along with other cannabis stocks. As the sector shows signs of life, Canopy earnings need to be solid.
Pilot of the crashed plane did not open landing gear: ATC
Air traffic controller and approach tower controller have submitted their written statements
Despite lockdown orders, murder rates are rising in cities across America, Business Insider - Business Insider Singapore
Business Insider - Homicides in Nashville have spiked 233% during the pandemic. Houston, New York, and other cities have reported sizeable increases, as well.. Read more at businessinsider.sg
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
Rodents compound woes of traders
Their population has seen manifold increase in closed showrooms
Long-term care home report and sale of Torstar; In The News for May 27
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 27 ... --- Key decision in Meng Wanzhou case...
Niger lost $120 million in arms deals over three years: government audit
NIAMEY (Reuters) - Almost 40% of the $312 million Niger spent on defence procurement contracts over the last three years was lost through inflated costs or materiel that was not delivered, according to a government audit of military contracts seen by Reuters.
Top news of the day: Students allowed to appear for CBSE exams from current location; Trump offers to ‘mediate or arbitrate’ between India and China, and more
The major news headlines of the day, and more.
Greater Than has launched a cloud-based loyalty program
Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
Virus Outbreak New York
Long Island became the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus Wednesday as it entered the first phase of the state's four-step reopening process. In New York City, Mayor Bill de Blasio said efforts to fight the virus have left the
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists
The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t
Micron: Big Bets Are Being Placed
Institutional investors collectively bought about 3.5% (net buying) of Micron's total shares outstanding in the last 13F cycle. Moreover, 11 of Micron's 15 larg
Croatia welcomes tourists braving coronavirus crisis
KRILO-JESENICE, Croatia (Reuters) - A few intrepid European tourists have returned to Croatia’s picturesque Adriatic coast, where the owners of yachts and campsites are hoping their relative isolation will bring the numbers up over the next six weeks.
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter...
That's made up: Anies refutes business group's claim about reopening of malls
The third phase of restriction implementation in Jakarta could be extended.
Plane from Liverpool seen flying over the skies of Plymouth
Small plane is carrying out a mapping survey today
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
Profitably Scaling Regional Cannabis (Podcast)
What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
DeSantis To Appeal Ruling Striking Down Florida’s So-Called Felon ‘Poll Tax’ Law
Gov. Ron DeSantis (R-FL) said Tuesday that he’ll appeal a federal judge’s decision striking down a Florida GOP law that...
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Walmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
USD/CAD recovers early lost ground, turns neutral around 1.3770-75 region
The USD/CAD pair has managed to rebound around 40 pips from daily swing lows and was last seen trading nearly unchanged for the day, comfortably above
Teens are getting into their dream schools as colleges dip into their waitlists during the coronavirus pandemic
Experts say some students are reluctant to commit to schools, and a drop in enrollment could force schools to dive deep into their waitlists.
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
UP’s Industrial Units Seek To Employ 5 Lakh Returnee Migrant Workers From Yogi Govt’s Skill Mapping Data Bank
An official spokesperson said that the Yogi govt was determined to ensure employment for all migrant workers.
Japan Plans Possible Flight Subsidies to Boost Tourism When/If Any Form of Normal Returns
Japan's tourism chiefs have revealed a quite staggering yet entirely believable modern statistic, showing that incoming tourism during the month of April fell by... go on, have a guess... 99.9 per cent. That left a mere 2,900 overseas travellers entering the country for a massively ill-advised and no doubt quite bizarre holiday during the month.
Russian Jets Blocked US Plane in Unsafe Maneuvers Over Mediterranean, Navy Says
It was the third time in two months that Russian aircraft have intercepted Navy aircraft in the Sixth Fleet of operations.
Teens are getting into their dream schools as colleges dip into their waitlists during the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Experts say some students are reluctant to commit to schools, and a drop in enrollment could force schools to dive deep into their waitlists.. Read more at businessinsider.sg
Freight companies 'on their knees and will fail' due to coronavirus pandemic
Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.
Dubai government offices to resume work with 100 per cent employees from June 14
From Sunday, May 31, government offices will start work with 50% staff
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Nottingham Forest promotion hopes boosted by Premier League decision
Sabri Lamouchi's Reds returned to the training pitch this week as it is hoped the Championship season will resume
Kolkata Knight Riders pledge support in aftermath of cyclone Amphan
IPL franchise co-owned by Shah Rukh Khan to plant trees, offer financial help
North Carolina budget writers brace for $5B shortfall
North Carolina's budget could be short by about $5 billion as a result of the response to the COVID-19 pandemic, state economists predict.
Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.
Nearly half of New Yorkers critical of Cuomo’s handling of nursing home crisis: poll
A new survey indicates that a slight plurality of New Yorkers give Gov. Andrew Cuomo a thumbs down on how he’s been dealing with elder care facilities in his state amid the coronavirus pandemic.
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
Unique West Kootenay all-season resort proposal breaks from tradition
First steps in the development of a unique mountain resort that blends the convenience of a typical winter mountain resort with accessibility to undeveloped
Isipingo supermarket fined during lockdown
Metro Police also removed more than three tons of stolen property.
Borough Park businesses are flouting coronavirus shutdown restrictions
A slew of businesses that have reopened in Brooklyn’s Borough Park — some in apparent violation of shutdown orders — are allowing customers to pack their stores as if the coronavirus
NJ high school swimmers petition governor to reopen pools: We need an answer 'as soon as possible'
Two New Jersey high school swimmers reacted on “Fox & Friends” to the fact that the petition they created asking Gov. Phil Murphy to reopen pools for competitive swimmers garnered thousands of signatures, saying they are “amazed” and “so thankful.”
Long-term care home report and sale of Torstar; In The News for May 27
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 Ma
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus
We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
Consumer Protection Act can Provide Relief to the Victims of Chaos in Labor Special Trains -
Laborers and students traveling by Shramik Special trains are facing many difficulties in traveling. In the train ran to Gorakhpur
More Unified Approach to Public Procurement Needed to Boost Kazakhstan’s Economic Recovery
Kazakhstan has made significant efforts over the past two decades to bring its public procurement system closer to international standards, but a considerable part of procurement activity has yet to meet these standards, thereby limiting overall effectiveness and efficiency, says a World Bank Assessment. “We acknowledge that the rules and institutions of Kazakhstan’s public procurement […]
Thai parliament urged to pass record $60-billion virus stimulus bill
'To get the country back on track...we urgently need the budget of 1.9 trillion baht,' says Thai Prime Minister Prayut Chan-o-cha
Inflation Fears In A Deflationary World
Massive waves of quantitative easing stir fears of rising inflation and even hyperinflation, but is this fear well-placed? Indeed, some would say that the risk
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities
Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses
Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure
Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.
ANALYSIS | Communications confusion: Is govt’s lockdown policy, planning coming apart at the seams?
Over the past 48 hours it seems as if government’s policy and planning strategy in easing the lockdown has started coming apart. It's difficult to see, much less understand, what actually is happening, and why, writes Pieter du Toit.
Factbox: Key climate spending in EU's 'green recovery' plan
BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin closed above $9,100 in a surprising upside move after trading sideways for the entire Asian and early European trading session Wednesday.
2 Reasons Target Will Be a Post-Coronavirus Winner
Target’s earnings suffered in the past quarter, but two points in the report are reasons to smile.
Karnataka to re-open Temples from June 1
To take final decision after Centre’s guidelines Bengaluru: The Karnataka Government yesterday said Temples in the State could be re-opened from June 1. The final decision, however, will be taken after the Centre releases its guidelines once the fourth phase of the lockdown is over on May 31. Temples in Karnataka have been closed for...
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
Delhi farmer buys flight tickets worth Rs 68,000 to send 10 workers back home
Pappan Singh, a mushroom farmer in Delhi's Tigipur village, who is helping rewrite the migrant narrative. He has booked tickets worth Rs 68,000 for 10 of his workers to return to Bihar.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Global Yields For Stocks And Bonds
The U.S. stock market has continued its decade-plus of dominance versus global peers during the 2020 sell-off despite a less-than-stellar domestic response to t
Irregularities in N-Power prompts FG to reform program for greater efficiency
Some irregularities in the N-Power program has prompted the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to streamline the programme for greater efficiency to provide opportunities for more Nigerian youths.
Over 3,500 Shramik special trains ferried more than 48 lakh workers: Railways
Nearly 80% of total Shramik trains are destined for various destinations in Uttar Pradesh and Bihar, said Ministry of Railways.IRCTC has distributed over 74 lakh free meals and more than 1 crore water bottles to travelling migrants so far
Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Air France to cut 40% of domestic flights after bailout
Air France pledges to halve its carbon emissions from domestic flights by 2024 as part of the conditions for receiving state aid
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
COVID-19, Agric-business and food security - The Nation Nigeria
It was Martin Luther King. Jr. who famously declared that; "we are now faced with the fact that tomorrow is today. We are confronted with the fierce
EnergyWare, LLC Extends Thanks to Its Customers
SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...
USD/CNY hits highest since September 2019 as US threatens sanctions
China's Yuan is taking a hit on Wednesday amid the dragon nation's rising tensions with the US and India. The USD/CNH pair is trading at 7.1565 at pre
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
German Company Combines Wind, Wave, & Solar Power In One System
Go big or go home. That seems to be the motto of SINN Power of Germany. Founded in 2014 by Phillip Sinn, the company's primary focus is
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Queues and limited browsing in store for English shoppers
LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...
'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index ...
Maxim turns to controversial cover model contest during financial struggles
Financially struggling Maxim is once again turning to a controversial cover-model contest to help it through the uncertain economic times, Media Ink has learned. Maxim unveiled its latest such contest
Deliveroo faces another legal action over an alleged unfair dismissal of deliver rider | ZDNet
The Australian food delivery rider had worked with Deliveroo for three years before his contract was terminated.
Nevada to reopen casinos June 4, welcoming tourists again | Honolulu Star-Advertiser
LAS VEGAS >> Nevada Gov. Steve Sisolak announced tonight that he would allow casinos to reopen June 4, welcoming tourists to return to the glitzy gambling mecca of Las Vegas.
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
Meng case puts judge Heather Holmes in the international spotlight
On Wednesday, Associate Chief Justice Holmes will release a ruling in the extradition case of Chinese telecom executive Meng Wanzhou that could shape Canada-China relations for years to come
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus
Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul
Covid-19 package — World and India
Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.
Defence Forces 'may never return to intended strength'
The body representing Defence Forces Officer grades has warned that if immediate, significant retention initiatives are not implemented, the Defence Forces will not only never return to its target strength of 9,500, but will continue to decline.
Florida revenues fall by nearly $900 million amid pandemic
The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.
Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair
Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.
RSCC planning four satellites to cover Russia’s Far North
Yuri Prokhorov, RSCC’s chief executive, said the company wants to have the satellites in orbit in 2024 to provide Ku-band coverage to Russia’s Far North.
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
Coronavirus update: Air India staff on board Delhi-Ludhiana flight tests positive
According to the District Public Relations Office, the man arrived on May 25 by a domestic flight at the Sahnewal Airport. However, test results of 10 of his co-passengers have come negative
Amazon in talks to buy driverless car start-up Zoox
Acquisition would be first by ecommerce group of an autonomous vehicle company
Vessel still stuck, 2 weeks after hitting Escravos channel moles
ONE week after a supply vessel,‘M/T DEVISA’ ran into the rocky moles of the Escravos channel, the vessel is still stuck waiting to be rescued.
Hong Kong's future as China's gateway to the West is under threat
China plans to enact new security laws for Hong Kong this week, despite threats from the US that could wreck Hong Kong's status as a global financial and trade centre.
Duterte wants Aaron Aquino to head Clark International Airport Corporation
After leading the country's top anti-narcotics agency, Aaron Aquino is asked to helm a government corporation in charge of developing the second gateway to Metro Manila
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
EU to unveil massive stimulus plan for post-coronavirus recovery
The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million people from being splintered by divergent economic growth and wealth levels as the 27-nation bloc emerges from its deepest ever recession expected this year.
[Monitor] Air transport hit hardest by pandemic
The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...
Centre asks states, UTs to negotiate with private labs, bring down test price
Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.
Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations
As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
Active Managers Continue To Flounder
Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
2 more candidates in mayoral, council race file nomination papers
Keith Amemiya and Augie Tulba are both seeking political office.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Boeing’s India operations to be largest outside US
India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
Montenegro woos tourists to Europe's 'corona-free' corner
Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself coronavirus-free, a success story the tiny country hopes will lure tourists to its dazzling Adriatic coast this summer.
When Will Schools, Colleges Reopen? Read Government's Plan Here
"No such decision taken by MHA. All Educational institutions are still prohibited to open, throughout the country (sic)," the spokesperson tweeted.
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
NordStar Capital to Acquire Torstar
NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...
EU Has Bigger Problems to Worry About Than Gridlock Over Brexit
(Bloomberg) — When Boris Johnson boasted last year he’d got “Brexit done,” weary European governments were only too happy to go along with it.
Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate
The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.
Man gets Federal Court’s nod to proceed with challenge of Selangor’s Shariah law criminalising unnatural sex
KUALA LUMPUR, May 27 — The Federal Court recently decided that it will proceed to hear a man’s constitutional challenge over a Selangor state law that makes it a Shariah offence to have unnatural sex, with the man’s legal challenge specifically on whether the Selangor state legislative...
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
FG grants ‘essential workers’ status to seafarers, dockworkers
AT the backdrop of the on-going curfew imposed by the government to curtail spread of coronavirus, the Federal Government, through the
Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled
Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char
China’s Meal Delivery Service Meituan Now Valued At $100B
Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
IAF to operationalise No.18 Squadron at Coimbatore today
The Indian Air Force (IAF) will operationalise its No.18 Squadron at Coimbatore in Tamil Nadu today, equipping it with the fourth generation LCA Tejas aircraft.
Amtrak set to cut up to 20% of workforce by October
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...
Maritime workers send palliatives to stranded foreign seafarers on Lagos waters
MARITIME Workers Union of Nigeria, MWUN, has sent food items and other materials to the 18-man foreign crew onboard MT ORYX
Limerick man appears in US court on rhino horn charges
A 30-year-old Limerick man who was extradited to the United States to face allegations of trafficking endangered rhinoceros horns has appeared in court in Texas.
NPA senior staff empowers members, others with COVID-19 PPEs
THE Senior Staff Association of Statutory Corporations and Government Owned Companies, SSASCGOC, Nigerian Ports Authority,
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
Business, unions decide reform is too hard
Big news: nothing will happen! At New Daily:
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
Huawei CFO Meng Loses Key Court Argument in Fight Against Extradition To United States
Huawei's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. From a report: Meng, a Chinese citizen, was arrested in December 2018 on a warrant issued by U.S. authorities, who accuse her of bank fra...
As Shramik Special trains ‘stray’, Railways notifies ‘route rationalisation’ to explain diversions
The diversions have been done so that trains are not held up at one place for hours without water and food, a senior Railways official told The Indian Express.
Government may get RBI to monetise deficit
India Business News: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Maharashtra: Nashik farmers unable to sell onions at fair prices
Farmers in Nashik have said that they are facing losses as they are unable to sell onions at fair prices.'Our earnings are not even supporting the expense of fuel to carry them to market,' a farmer said
Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700
Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped
Covid-19: Most viruses, other germs do not spread easily on flights, says report
As a result of coronavirus pandemic, air traffic inside the US has come to a near halt. Air traffic is said to be down to about 90 per cent.
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Top Stock Reports for Alphabet, Visa & Bank of America
Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).
800 export consignments stranded at Lagos ports
ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen
Australian construction work fell in Q1
The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
JP Morgan's chief economist optimistic about Taiwan's growth
Global investment bank forecasts Taiwan will have better financial rebound than most of world
Coronavirus outbreak: CM Chouhan claims doubling rate of COVID-19 cases stands at 21 days
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said the doubling rate of COVID-19 cases in the state was at 21 days, which is better than the national average.
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis
On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported
Twitter calls out US President Donald Trump, he responds
Twitter had on Tuesday for the first time prompted readers to check the facts in tweets sent by Trump.
Jio Fiber Offers Double Monthly Data to Annual Subscribers
The most premium Jio titanium fiber plan now offers huge 15,000GB monthly data benefits with new additional data from the annual plan.
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
OECD GDP Falls By 1.8% In The First Quarter Of 2020
Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at the height of the financial crisis, according to provisional estimates.
Friday to mark proud moment in Kaleswaram project
CM to unveil lifting of Godavari waters to highest point of Kondapochamma Sagar
Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19
Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …
Bosses looking for ways to keep I'm A Celebrity on air this year
Travel and production in the wake of the coronavirus pandemic will be very difficult
Beyond food rations: Six ways India can ensure nutrition security for its most vulnerable people
The country has adequate stockpiles of foodgrain. But how can it ensure a varied diet for its people during this crisis?
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been.
AUD/USD trades with modest losses, just below mid-0.6600s
The AUD/USD pair edged lower on Wednesday and retreated further below mid-0.6600s, eroding a part of the previous day's strong positive move to 2-1/2-
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
GBP/USD: Supported but with no room to rise – OCBC
The GBP got a leg higher as BoE’s Haldane provided support for the pound after saying a rate cut to negative is not imminent, forcing the market cut b
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the ‘new normal’
A shiny suit and a flashy car used to be the essential tools for estate agents, but now you are more likely to see them with hand sanitizer and a pair of latex gloves.
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
French economy to shrink by 20% in second quarter as recession deepens
France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency…
Lockdown plight: Labourers who sold goats for a flight ticket will finally fly home
IndiGo has agreed to help the three to fly from Mumbai after their flight was cancelled.
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL
Cricket News: The postponement of this year's T20 World Cup in Australia to 2022, which might open up a window for the lucrative Indian Premier League in October, i
Coronavirus: Karnataka wants to reopen religious places from June 1, Yediyurappa writes to PM Modi
The chief minister said lots of permissions are needed before opening up.
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
Condo Smarts: Strata must accommodate request to attend meeting
Dear Tony: What happens when an owner attempts to attend a general meeting that was issued as a proxy-only meeting for our AGM? Because our strata cannot safely social distance in our common room. . .
Maharashtra: Man offers vegetables for free to poor during lockdown
Some look at it with curious eyes, while others appreciate the gesture of the vendor to offer vegetables for free at a time when many people are facing financial difficulties due to the coronavirus-enforced lockdown.
USD/JPY on the defensive around mid-107.00s, below 50-DMA
The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined in a narrow trading band around mid-107.00s. The
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal'
As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.
California eases coronavirus restrictions
SACRAMENTO: California, the most populous US state, took another step on Tuesday (May 26) toward ending sweeping lockdowns imposed to contain the ...
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
COVID-19: Most viruses, other germs do not spread easily on flights, says CDC
However, air travellers were not risk-free specially in the time of the COVID-19 pandemic
Rector, lecturer trade words over alleged plagiarism
Bola Bamigbola, Osogbo A senior academic staff member in Federal Polytechnic, Ede, Osun State, Mr Matthew Omolade, has threatened a legal action against the Rector of the institution, Dr Adekolawo...
First virus-era Chinese expedition measures Everest
A group of Chinese surveyors on Wednesday became the first team this year to summit Mount Everest, where they will try to pinpoint the height of the world's tallest peak using satellite technology.
TN inks mega investment pacts worth Rs 15,000 crore
Tamilnadu today signed MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Fife cousins who started nursery together separated by new allocations process
‘Inseparable’ cousins face being parted as only one has been allocated a space to return to their nursery.
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
Nokia shutters manufacturing plant as employees test positive for Covid-19
Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.
TDP announces Rs 50,000 to LG Polymer victims
TDP announced Rs 50,000 for each deceased in the LG Polymers gas leak tragedy. 12 people died in this incident and all of them will get the benefit from TDP.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
Geopolitical time bomb ticks under market rally
Rising geopolitical tensions, especially between the US and China, could test the muscular global rally and hopes for a V-shaped economic recovery.
House Republicans sue Pelosi to stop proxy voting during coronavirus crisis: 'dereliction of our duty'
Good morning and welcome to Fox News First. Here's what you need to know as you start your day ...
South African Airways aims to resume domestic flights in mid-June
SAA, which is under a form of bankruptcy protection, suspended all commercial passenger flights in late March, when the government imposed one of the strictest lockdowns on the African continent.
Refugee Camps: From Temporary Settlements to Permanent Dwellings
With more than 70 million forcibly displaced people worldwide and nearly 25.9 million refugees, the time has come to reconsider the traditional camp approach.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
Myer Ballarat shoppers evacuated onto Sturt Street
Ballarat's Myer store has been evacuated on its first day back since the end of March.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
Another two Grow Super staff stood aside amid Dally M scandal
Two staff at Grow Super have been stood aside amid a police probe into a betting plunge on the Dally M.
Bike-sharing services get commuters to drive less
When bike-sharing services open in cities, more people start to commute by bicycle and take public transit, new research shows.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Austria’s efforts to accelerate its clean energy transition
Austria is committed to reaching carbon neutrality by 2040 at the latest – 10 years earlier than the goal set by the European Union. To meet this ambitious deadline, the Austrian government will need to significantly step up decarbonisation efforts across all parts of its energy sector, the International Energy Agency said today in its […]
Fiscal Advisory Council warns debt will be 'almost at historic highs' after COVID-19 crisis
The acting chair of the Irish Fiscal Advisory Council has said the debt ratio here will be 'almo...
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
Residents who beat gas power station now 'urging support' for energy firm's Plan B
"We are urging everyone to support the planning application"
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
Coronavirus: Most viruses, germs don’t spread on flights, says US public health agency
The Centers for Disease Control and Prevention also said that physical distancing is difficult on flights which may increase a passenger’s risk to Covid-19.
EcoCash court bid hits brickwall
The High Court has dismissed Econet Zimbabwe's mobile money platform, EcoCash's application which sought to interdict the Reserve Bank of Zimbabwe (RBZ) from su...
RBA governor expected to be more upbeat
Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.
EUR/USD: A close above the 200-day ma at 1.1012 to fuel upside potential – Commerzbank
EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCB
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
Watch | Global carbon pollution falls by 17%
A video on the biggest annual drop in carbon dioxide emissions in the world
Man Utd 'very close' to Odion Ighalo transfer deal, claims agent
Ighalo's loan contract is due to expire next week but United are in advanced talks with the striker's parent club Shanghai Shenhua over extending his current deal
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
Refugee Camps: From Temporary Settlements to Permanent Dwellings
With more than 70 million forcibly displaced people worldwide and nearly 25.9 million refugees, the time has come to reconsider the traditional camp approach.
US DOJ closing insider trading probes into three senators, reports WSJ
WASHINGTON, May 27 — The US Department of Justice is closing probes into three US senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported yesterday, citing people familiar with the matter. The three senators include Republicans Kelly...
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Server PCB makers see bright shipment prospects for 3Q20
Server PCB specialists Tripod Technology, Gold Circuit Electronics (GCE) and Allied Circuit have seen clear order visibility through the end of July and are optimistic that their shipments for servers and networking equipment will remain robust throughout the third quarter, according to industry sources.
USD/CNH faces further upside pressure – UOB
FX Strategists at UOB Group expect USD/CNH to edge higher in the near term. Key Quotes 24-hour view: “USD traded between 7.1355 and 7.1491 yesterday,
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
$100 utilities credit to thank Singaporeans for staying home during circuit breaker
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Largan sells China plant
Smartphone-use lens module maker Largan Precision has taken a major step in expanding capacity in Taiwan by remitting back about NT$11 billion (US$367 million) in income from selling its Suzhou, China plant.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
Oakland A’s to end stipends for minor leaguers
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives i...
'Lift your game or go': APRA ups pressure on super funds to merge
'Lift your game or exit the industry' is the message from the prudential regulator.
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal', Business Insider - Business Insider Singapore
Business Insider - As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.. Read more at businessinsider.sg
How the coronavirus lockdown has accelerated the challenges for our town centres
As part of our series linked to the Passionate People, Passionate Places campaign, we look at the problems facing town and city centres on lockdown
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Honolulu shines in nationwide solar study released today | Honolulu Star-Advertiser
For the seventh year in a row, Honolulu topped a list of 50 cities nationwide for solar PV installed per capita; it also placed third in total existing solar PV capacity installed to date, according to a survey of 5o large urban centers released today by the nonprofit organizations Environment America Research & Policy Center and Frontier Group.
Karnataka ready to reopen malls, hotels & theatres after May 31
India News: The Karnataka government is in favour of opening up malls, hotels, restaurants and cinema halls after May 31, when Lockdown 4.0 ends, provided the Cen
Labour reforms: Centre to tell states not to rewrite laws
As reported by FE earlier, Madhya Pradesh, Uttar Pradesh and Gujarat proposed/issued orders, suspending key provisions of labour laws.
Nevada joins lawsuit over fuel efficiency
Nevada and a coalition of nearly two dozen other states Wednesday sued the Trump administration over a federal rule that rolls back vehicle emissions standards.
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
Wall St rises with economic hopes; bank stocks jump
By Caroline Valetkevitch (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Elgi Equipments to shut Chinese subsidiary on poor show
These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
Recalling a pioneer of modern political economy
Alberto Alesina, the Nathaniel Ropes Professor of Political Economy and a member of the National Bureau of Economic Research (NBER), died at age 63.
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
2021 Geneva Motor Show Might Be Canceled
The much-awaited Geneva Motor Show has been this year, but reports say that it might take another hit again in 2021 due to other threats.
Montenegro woos tourists to Europe’s ‘corona-free’ corner
PODGORICA, May 28 — Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself coronavirus-free, a success story the tiny country hopes will lure tourists to its dazzling Adriatic coast this summer. For weeks hotel staff have been raking...
Jadeveon Clowney spurned ‘richest offer on the table’ from Browns
It’s not all about the money this time for Jadeveon Clowney. The No. 1 overall pick in the 2014 NFL Draft has reportedly rejected a significant offer from the Browns, who have been “the
World class ‘Rail Trail’ locked in for Northern NSW
A world class walking and cycling trail between Murwillumbah and Crabbes Creek how now been set in stone. The NSW Government has confirmed $7.8 million in funding for the construction of the Tweed…
Gov. Cuomo asks Trump to greenlight three major infrastructure projects in New York
The appeal comes as New York City faces increasingly dire financial straits from the outbreak.
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
Swindling investor lands man behind bars
A Bindura man, who swindled a Singaporean investor Ramason Bupendra of mining machinery worth US$500 000, has been sentenced to an effective seven years in prison.
Tourism business reopens cautiously in Jefferson County
The Chamber of Commerce promotes safer steps for tourism businesses reopening by encouraging the Tennessee Pledge.
Why we want to amend National Art Endowment Act —FG
Alhaji Lai Mohammed has said the Federal Government has concluded plans to amend the Act establishing the National Endowment for the Arts
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
Wall Street rises with economic hopes; bank stocks jump
NEW YORK, May 28 — US stocks rose yesterday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among...
Can you buy shares in a listed company that wants to delist?
And what happens to those shares if the company does delist?
This is why The Zimbabwe Dollar remains our best foot forward
ZW$ remains our best foot forward-At the rate at the Zimbabwe dollar is losing its intrinsic value, it may just be a matter of time
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium ...
Boeing to axe 12,000 US workers even as Max assembly resumes
Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’
Good Samaritan provides free water to Harare residents
In the face of crippling water woes in most parts of Harare and erratic provision of clean water from the Harare City Council, a good Samaritan has come to the rescue of residents.
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Your friend in distress could be an e-fraudster
India Business News: Although economic activity has come to a near standstill due to the lockdown, there is no let-up in online crime. Fraudsters have managed to steal fro
Surrey to pay TransLink $30M in land, $9M in cash for work on cancelled LRT
Council considered staff report on city’s 2019 annual financial statements during Monday’s “virtual” council meeting
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
By Deisy Buitrago CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday
Strong wind, heavy rain lash Bengaluru for second consecutive day on Wednesday
Strong wind and heavy rain with thunder lashed the city for the second consecutive day on Wednesday uprooting several trees and bringing down several electric poles. The rains that lasted over an
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
Disney Proposes Opening Orlando Theme Parks July 11
The phased reopening would start with Disney World's Magic Kingdom and Animal Kingdom on July 11, followed by Epcot and Hollywood Studios on July 15.
America to face the hardest job losses due to pandemic, ILO says
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organisation (ILO) said on Wednesday.
AFDB crisis: Adesina maintains innocence over allegations of nepotism
PRESIDENT of the African Development Bank (AFDB) Akinwunmi Adesina has maintained his innocence with regards to the various allegations against him. In a statement personally signed by Adesina, he expressed confidence in the integrity of the bank, its governance systems as well as its rules and procedure. Recall that Adesina was recently accused by a […]
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Qantas wins Australia’s trust, but caution it might fall from grace
Qantas is the fairytale story emerging from early pandemic polling, leveraging its 'mercy flights' to catapult into Australia's third most trusted brand –
Filing annual returns: LIRS extends deadline to June 30
Lagos State Internal Revenue Service, LIRS, has extended the deadline for filing of Annual Tax Returns to June 30 due to Coronavirus pandemic
Discounts are widening the audience for private jets
The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
Disney Proposes Opening Orlando Theme Parks Beginning July 11
The Disney World theme park and resort have been closed since March 14
Buy Gladstone Capital For Its 11%+ Yield
GLAD has rebounded strongly off its lows but remains well below its prior highs. With the distribution having been cut already, the new payout looks safe. With
How To Make It Safe To Fly The Friendly Skies Again
The airline industry has been particularly pummeled by the global pandemic as consumers sheltering in place have eschewed both domestic and overseas air travel.
Revenue loss and labour top worries
India Business News: MUMBAI: A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, di.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
ByteDance has become the world's most valuable startup - Gizchina.com
ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app
Opinion: The pandemic has exposed the crack in our fiscal armour
Almost instantly, the COVID-19 downturn proved Canada’s EI system is too slow, too exclusionary and hardly up to task
Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover
Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover
Bath & Body Works Is Closing 50 Locations Nationwide, and Malls Just Won't Be the Same
Bath & Body Works announced it will be closing 50 stores across the country, mostly in malls.
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
Ohio counties sue major pharmacies for role in opioid crisis
May 27 (UPI) -- Two Ohio counties on Wednesday filed a lawsuit against several major U.S. pharmacies, stating they were complicit in perpetuating the opioid crisis.
Huawei CFO Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Moscow to ease coronavirus lockdown restrictions from Monday: mayor
Moscow Mayor Sergei Sobyanin on Wednesday announced an easing of the Russian capital's coronavirus lockdown starting June 1, including the reopening of non-food shops. "Today we can already talk
USTR office: Strongly disagrees with US Court of International Trade's decision...
Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio
Hundreds of jobs to go as News Corp confirms restructure
News Corp has confirmed sweeping changes to its Australian newspaper portfolio, with hundreds of jobs to go, and a swath of community and regional titles to move to digital only.
Coronavirus: Las Vegas casinos to reopen with social distancing
Bellagio, New York-New York, Caesars Palace, Flamingo aim to bring strip back to life
World Rugby rejects proposal to stage World Cup-style tournament in Ireland and UK next year
World Rugby has rejected a proposal for an unofficial World Cup event next year aimed at boosting the game's finances after the coronavirus stoppage.
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
More people are dining out as states reopen — but don’t expect more activity until there’s a coronavirus vaccine and Americans are putting off medical care due to coronavirus fears
Wednesday’s top personal finance stories
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues
Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.
Cliffs crumble onto beach sending up huge cloud of dust
There have been three major cliff falls at a beach in Devon in the space of 24 hours.
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
Maryland lifts more coronavirus restrictions, will allow outdoor dining
Maryland is set to lift additional statewide coronavirus restrictions, and restaurants will be allowed to begin outdoor dining this weekend, Gov. Larry Hogan (R) announced.
Group purchases APC nomination form for Obaseki
The Obaseki Mandate Forum, a pressure group, has purchased the expression of interest and nomination forms for Godwin Obaseki, governor of Edo, for the governorship primary of the All Progressives
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
ICAI aims for transparency in Covid-era accounting
India Business News: Will the company be able to continue its operations? Or to paraphrase in accounting terminology — will it be a going concern? In the pre-pandemic era,
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Uday Kotak wants world to 'hire Indians', says country capable of producing top-class human capital
The Kotak Mahindra Bank CEO rejected the notion that Indian engineers are inferior to the ones in the US.
John Lewis reveals exact date for reopening of Ipswich store
Retailer John Lewis has revealed Ipswich will be one of the first locations to reopen among a handful of UK branches.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
Airbus has established yet another foothold in the US with the completion of a new production plant for the Airbus A220 in Mobile, Alabama.
Wikimedia is Overhauling its Communities to Clean Up Harassment
The Wikimedia Foundation has been asked by its board to overhaul its safety and compliance standards to better address “harassment and incivility” on Wikipedia and related Wikimedia communities.
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
Govt may launch coal blocks auction under commercial mining on Jun 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
Bertha weakens into tropical depression hours after South Carolina landfall
A Tropical Storm Warning is now in effect after Tropical Storm Bertha formed off the coast of South Carolina, according to the National Hurricane Center.
Man in India who sold his goats for airline tickets will finally fly home
IndiGo, India’s biggest airline, has agreed to help a migrant laborer and two others fly home from Mumbai after an earlier flight he paid for by selling family livestock was canceled.
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
John Lewis unveils plans to reopen department stores from June 15
It is part of a phased reopening - but some stores are expected to remain shut.
The CMS slashes telehealth restrictions for Medicare Advantage members
The CMS expanded access to telehealth services for Medicare Advantage (MA) members to include visits with a longer list of specialists.
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Coronavirus: Aulas predicts financial difficulties for 'many French clubs'
The cancellation of the Ligue 1 season could cause "a real problem" for a number of clubs, according to Lyon president Jean-Michel Aulas.
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
Jewellery, textile showrooms seek permission to open
TIRUCHI Faced with heavy losses due to the lockdown, owners of major textile showrooms, jewellers, utensil shops and other big commercial establishments have urged the district authorities to allow th
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
World Bank approves $346m for projects in Nigeria, others
Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Dropped plans revealed for AJ Styles on RAW before he was traded to SmackDown
AJ Styles was traded to SmackDown this past week, after a year-long stint on WWE RAW.
Gunmen abduct three, raid 40 cows from Amuru district
Amuru, Uganda | THE INDEPENDENT | Unknown gunmen have abducted three people and stolen 40 heads of cattle in Amuru district. The gunmen are said to have conducted separate raids in Oforo, Kampala landing site and Atoro villages in Amuru sub county over the past week. Denis Tookema, a resident of Oforo village says that …
After Twitter erupts with disgust, Kent apologises for hurting sentiments, takes down 'insensitive' advertisement
After it received massive backlash for an advertisement portraying domestic helps as infection carriers, Kent RO Systems on Wednesday said that it has taken down its controversial and insensitive 'Atta & Bread Maker' ad.
Capacity could be reduced by 87% in pubs due to 2m social distancing rule
The typical bar or restaurant in Ireland could face an 87% reduction in capacity if the 2m social distancing advice remains in place when they re-open. Capacities in pubs and bar/restaurants will drop...
California eases pandemic restrictions; New York Stock Exchange opens
SACRAMENTO, Calif., - California, the most populous U.S. state, took another step toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months.
Apple will reopen 100 stores in the U.S. this week
Apple is reopening 100 more retail stores in the United States this week that it was forced to close because of the coronavirus, though customers won't be able to enter many of them just yet.
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
Cyclone Amphan: Kolkata Knight Riders commit to plant 5,000 trees, donate to West Bengal CM's Relief Fund
Two-time Indian Premier League champions Kolkata Knight Riders announced their plan to plant 5,000 trees and also committed to contribute to the West Bengal Chief Minister's Relief Fund in the aftermath of Cyclone Amphan.
Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns
The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
West Midlands’ 111 ambulance call answering 'is best in the country'
The West Midlands’ 111 service was the only one in the country to meet a national call-answering target, performing nearly twice as well as providers in some other areas, its chief says.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
Restaurants, Pools Open in Israel as COVID-19 Restrictions Eased
The renewed operations are subject to strict observance of physical distancing, wearing masks, observance of the rules of hygiene, the marking of places for standing in line, regulating the numbers of customers, and subject to the detailed Purple Badge standard instructions.
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Dominic Cummings’ name blocked by Twitter anti-porn filters
Boris Johnson aide’s name falls foul of digital censors.
Luweero district council rejects proposal to spend UGX 80m on food
Luweero, Uganda | THE INDEPENDENT | Luweero district council has rejected a proposal to use the COVID-19 facilitation from area Members of Parliament to buy food and clear allowances for members of the COVID-19 task force. Each member of Parliament had received 20 million Shillings from the Parliamentary commission to facilitate their activities during the …
Merck buys Themis as part of drive for COVID-19 drugs and vaccines
Merck & Co/MSD has been conspicuous by its absence from the industry-wide effort to develop coronavirus therapies, but has now unveiled a broad effort across drugs and vaccines.
Upshift Is Looking To Redefine Car Ownership
Upshift is developing a service that makes it easy to lease a car on a short-term basis. The company is also raising capital on the crowdsourcing site, Republic.
‘Planning continues’ for 2020 T20 World Cup
The event is scheduled to take place in Australia from October 18 to November 15.
Kia Evaluating Bringing ‘Soul’ To The Indian Market – Report
The Kia Soul is offered with two different ICE powertrains in the foreign markets, including a 2.0-litre NA petrol unit, along with a 1.6-litre turbocharged petrol motor
Walt Disney World Reveals Plans To Reopen Theme Parks In July!
The Walt Disney World Resort is getting ready to reopen!
Chaos at airports continue as flights resume
Around 630 flights were cancelled on Monday while on Tuesday 80 flights were cancelled at Delhi alone.
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Poor and black ‘invisible cyclists’ need to be part of post-pandemic transport planning too
Low-income and minority groups are often reliant on cheaper modes of transport, but many find cycling to work problematic.
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Coronavirus: Organisers Adopt New Format For 2020 African Freestyle Football Championships
However, the annual African Freestyle Football Championships will not be affected following the new format adopted by the organisers...
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
ICC to discuss tax exemption for 2021 T20 World Cup in India
The International Cricket Council (ICC) will be discussing to postpone this year’s T20 World Cup in Australia to 2022. The decision to have to the tournament in 2022 is due to the fact that they already have an edition scheduled to take place in 2021 in India.
Postmedia to lay off 40
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Two Jamaican nationals living in Collier County charged with lottery scam
The Collier County Sheriff’s Office arrested two men in connection to a lottery scam that involved victims throughout the United States.
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
When are department stores reopening and will you be able to try on clothes?
Retailers are poised to open their doors again.
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer, Business Insider - Business Insider Singapore
Business Insider - The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.. Read more at businessinsider.sg
Passengers On Multiple Domestic Flights Test Positive For Coronavirus After Operations Resume
Passengers of a Delhi-Ludhiana flight have been quarantined after a 50-year-old Alliance Air employee has tested positive for coronavirus.
Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned
Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
Coinbase Buys Tagomi to Boost Institutional Trading
Coinbase, a leading US-based crypto exchange, has officially announced on Wednesday its acquisition of Tagomi, a crypto prime brokerage platform.
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
Reopen Long Island: Long Island enters phase one of reopening
Nassau and Suffolk counties are moving into phase one of reopening which includes manufacturing, construction, agriculture, wholesale trade, and retail stores, which can now offer curbside pick-up only.
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL
Some of the issues that BCCI as well as all other stakeholders will be dealing with include, limited or no spectators as per ICC regulations.
‘Complete desilting before water release’
THANJAVURAgriculture Production Commissioner and Principal Secretary, Agriculture, Gagandeep Singh Bedi, has directed the Public Works Department officials to complete the desilting works taken up und
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Disney World Finally Has a Plan to Reopen
Disney World and SeaWorld Orlando are presenting their reopening plans on Wednesday.
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Overseas travel inches closer to an arrival date
Australia's international travel ban could be lifted within weeks, with a draft plan for the proposed trans-Tasman bubble just days away from consideration.
Wednesday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
8 Lies by Joe Biden and the Left that Twitter Didn't 'Fact Check'
Twitter added a "fact check" label to President Donald Trump's tweets raising widely-held concerns with mail-in voting fraud earlier today, but it has failed to apply a similar standard to repeated falsehoods by elected Democrats, the mainstream media, and Joe Biden.
Migrant Crisis Is Only Worsening With Diverted Shramik Special Trains
Journeys that were supposed to be a couple of days long at the most are being stretched without notice, leaving people without food and water at the peak of summer.
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high
The GBP/USD pair retreated nearly 100 pips from the daily swing high and refreshed session lows, around mid-1.2100s in the last hour. The emergence of
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Oman to lift lockdown on Muscat from Sunday
As per the new decisions, public sector employees will resume work gradually
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
Americas will be hardest hit by Covid-19 job losses, says ILO
GENEVA, May 27 — The Americas will bear the brunt of an estimated 305 million job losses that the Covid-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said today. The outbreak also risks creating a “lockdown generation” of young people...
China to loosen flight restrictions
China will loosen a cap on flights into the country that was imposed to block coronavirus infections from abroad, authorities said Wednesday, after fierce criticism from citizens stranded abroad. ...
Man Utd take out bumper £140m loan that could be used to fund transfer spree
United are still hopeful of landing some of their expensive transfer targets despite executive vice-chairman Ed Woodward admitted it would not be "business as usual" for the club this summer
Former Florida K-9 deputy arrested for illegally buying, possessing Oxycodone
A former Hardee County Sheriff's Office sergeant ended up in jail for allegedly buying Oxycodone pills without a prescription.
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Ferrari Isn't What It Was
RACE is facing unprecedented issues in its engines and F1 revenue streams. Margins have plateaued with downside catalysts aplenty, but no meaningful upside cata
As of July 4th, Motorsport UK wants to race again: "Should support the economy"
The United Kingdom is lagging slightly behind in the control of the COVID-19 coronavirus, but here too the measures are slowly being relaxed. Reason for the motorsport federation Motorsport UK to make plans so that people can race again quickly.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
7 Cheap Stocks to Buy With Great Potential
In times of market turbulence, cheap stocks offer a unique way to escape the broad moves up and down and instead benefit from big potential.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
EU bailout package 'would be a game-changer' for Europe, analyst says
Guntram Wolff has told Euronews that if EU leaders can agree on a one-trillion bailout package for member states it would strengthen the bloc.
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
Airbus just opened its A220 factory in Alabama that was originally intended to help avoid US tariffs on the plane, and JetBlue will be the first customer
The plant, initially intended to help Airbus and Bombardier avoid a near-300% tariff on the controversial jet, will now build A220s for US airlines.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
McDonald's, Primark, IKEA and Poundland among major chains making announcements ahead of June 15
Including McDonald's Drive Thru branches and Primark stores
Knox County, Nashville enter phase 2 of reopening
Knox County and the city of Nashville, which is consolidated with Davidson County, entered phase two of reopening this week: Nashville on Monday and Knox County on Tuesday.
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
UK's Frost: EU needs to evolve its position to reach an agreement
The EU's mandate in key areas is not likely to produce an agreement, the UK's chief Brexit negotiator David Frost told reporters on Wednesday. Key quo
AT&T launches HBO Max as it makes a big bet on streaming
AT&T's long-anticipated streaming service, HBO Max, officially launches Wednesday, thrusting the longtime wireless and pay TV provider into a crowded streaming market, perhaps forever changed by the coronavirus ...
Gold slips below $1700 mark, over 2-week low
Gold dropped to fresh two-week lows in the last hour, with bears now looking to extend the downward trajectory further below the $1700 mark. A combina
Vic Education IT manager misused position, directed $14m to own company
Corruption watchdog finds.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
House Republicans file lawsuit against Nancy Pelosi to end proxy voting
The lawsuit alleges that the proxy vote legislation passed by the House earlier this month is unconstitutional and sets a dangerous precedent.
‘Planning continues’ for 2020 T20 World Cup
The event is scheduled to take place in Australia from October 18 to November 15.
How COVID-19 has changed the face of insurance industry and the role digital can play
The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.
New Zealand Cricket to cut jobs by 10-15% to cope with economic fallout of COVID-19 pandemic
New Zealand Cricket is looking to shed around 10 to 15 percent of its staff and save NZ$ 6 million in operation costs as it copes with the "challenges" posed by the COVID-19 pandemic.
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
Bengaluru's civic woes may worsen as projects held up due to fund, labour crunch
The city’s civic body has said it was looking to complete projects where work has begun and may not be able to start new ones listed in its ₹10,895.84 crore budget for this year
Two applications for conversion of council offices
Two planning applications have been submitted for the multi-million pound conversion of the Grade II listed Neuadd Maldwyn in Welshpool.
Funding Cut For Kaikoura Council’s Survival Project
The government has turned off the funding tap for Kaikoura District Council's financial sustainability project.
French team visits plane crash site, demands complete record of A320
French team visits plane crash site, demands complete record of A320
Two Russian fighter jets 'buzz' a US reconnaissance plane and come within FEET over the Mediterranean provoking Navy fury at 'unsafe' manuever
The Su-35 fighters surrounded a P-8A US plane as it flew over the Mediterranean Sea on Tuesday, the US Navy revealed in a statement.
Nationwide lockdown may shrink India’s GDP by this much in Q1; SBI gives hope for Q2
The contraction in the Q1 FY21 GDP may be as high as 40 per cent.
Audi A6 driver smashed into oncoming car in police chase
One arrested after collision and pursuit in Wolverhampton on Bank Holdiay Monday
Every McDonald's drive-thru in Black Country and Staffordshire to be open next week
The chain said it closed some drive-thru lanes last week after soaring demand impacted local communities or staff and customer safety.
The 2020 Hyundai Creta Ran a Little Over 600 km and gave us a Mileage of 15.5 kmpl -
It was the year 2015 when Hyundai launched its Creta in the Indian market and it became an instant hit
Oman to lift lockdown on Muscat from Friday
As per the new decisions, public sector employees will resume work gradually
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for mor
Is Airbnb’s slump a golden opportunity for rental?
In a post-pandemic world, will tenants once again find themselves on the firing line, facing eviction or enticements to vacate?
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
Byford, Ex-Subway Chief in New York, Will Be London Transport Commissioner
Andy Byford, who quit after clashing repeatedly with New York’s governor, was credited with helping revive the subway.
Over 1,000 people caught drink or drug driving during coronavirus lockdown
The shocking figures show over 1,000 people were found to be driving under the influence during lockdown
SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMS
According to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."
National airlines need government aid to survive
National airlines will largely depend on domestic flights to grow because international flights are expected to remain severely restricted until a COVID-19 vaccine is available.
UP eyeing post-covid investment from US, Japan, Korea: Industry minister
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
Most SOEs have completed proposed 'new normal' protocols: Minister
Eighty six percent of SOEs have compiled their post-restriction business recovery or "new normal" protocols.
What is hazard pay, and why are Amazon and other companies ending it for essential workers?
The risk to workers hasn't changed, but employers no longer have the same labor market pressures to worry about.
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
AT&T: Do Not Let The Yield Fool You
While the dividend yield is tempting, be cautious and do not let it fool you. Huge debt load means shareholder returns are limited. I give T a true value of $40
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
Landlords, renters have their plans frozen by pandemic
Some Ontario home buyers and sellers are discovering renters have incredible leverage over the fate of transactions, and some are willing to wield it
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Tokens for free June rations to be distributed from May 29
In a an official release on Wednesday, Chief Minister Edappadi K. Palaniswami said the tokens would bear the specific date and time of when consumers could go to their ration shops and get their supplies from June 1
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
Japan eyes fresh $1.1t stimulus to combat pandemic pain
The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.
PBoC: China to roll out 11 financial reform measures in near-term
The People's Bank of China (PBoC) on Wednesday announced that China will be rolling out 11 financial reform measures in the near-term. "China will dee
Covid-19 highlights importance of agri storage
Promoting storage capacity of food grains at the Gram-Panchayat level will go a long way in making villages and farmers self-reliant
BI ready for ‘new normal’ operations
THE Bureau of Immigration (BI) said its offices are prepared to resume full operations amid a new set of guidelines and protocols that its employees and stakeholders are bound to follow and observe under a “new normal” environment, after the modified enhanced community quarantine (MECQ) is lifted in Metro Manila and other areas of the country.
Harare man jailed for conning a Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.Fradreck Utsiwegota appeared ...
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
China to increase international flights if virus under control: regulator
BEIJING (Reuters) - China’s aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media China News reported on Wednesday, citing the agency’s deputy director, Li Jian.
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
NEW DELHI: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior level executives … Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19 Read More »
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
Top headlines: Google faces antitrust case in India, Ola buys Dutch firm
Business Standard brings to you the top headlines of the day
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
EUR/GBP clings to gains near daily tops, still below mid-0.8900s
The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
UPDATED: Presidency denies Buhari is probing late Kyari's office, appointments
The Nigerian Presidency has denied reports claiming that the country's leader Muhammadu Buhari is probing the office of his late chief of staff, Abba Kyari.
S&P 500: No supports of note broken – Credit Suisse
S&P 500 outlook stays seen critically balanced with the market still below its 200-day average at 3000 on a closing basis, but with no supports of not
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore
Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg
Coronavirus: What is involved in the EU’s recovery plan?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Farmers' Market returning
The Penticton Farmers' Market will be re-opening its outdoor market this Saturday, May 30, taking over its usual spot in the 100 block of Main Street.
Kokua Line: Satellite city halls stay closed for now; most services available online or by mail | Honolulu Star-Advertiser
Question: That’s great they’re opening the DMVs on a limited basis 808ne.ws/523sty), but what about the satellite city halls?
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion, Business Insider - Business Insider Singapore
Business Insider - Zoox hinted it's had interest from multiple buyers.. Read more at businessinsider.sg
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
NDDC Probe: Leave me out of your battles with NASS, Agbamuche tells Ojuogboh, NDDC
A High Chief from Odozi-Ani of Akwukwu Igbo Kingdom of Delta State, Nelson Agbamuche has dissociated himself from the brewing...
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.
NZD/USD trades at fresh multi-month highs above 0.6200
The NZD/USD pair gained nearly 100 pips on Tuesday boosted by the risk rally and the selling pressure surrounding the greenback. The pair stretched hi
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
Historic deal preserves millions of pollination corridors for monarch butterflies
Historic agreement gives monarch butterflies and other pollinators millions of acres of new habitat along roadside rights-of-way.
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
Money or the goody bag? The great Comrades refund debate
Stuart Mann delves into the debate regarding marathons pocketing or reimbursing entry fees in the event of a cancellation.
It’s Time to Take Ford Out to the Junkyard
Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.
Promoter, alcohol vendor under investigation after large, illegal beach parties broken up on Oahu | Honolulu Star-Advertiser
The Honolulu Liquor Commission and law enforcement agencies are investigating two businesses that may have organized and profited from massive parties that violated COVID-19 emergency rules and liquor and permitting laws over Memorial Day weekend at Waimea Bay Beach Park and Kaena Point State Park.
5 reasons why a business needs a POS (Point of Sale) system
If you're a small retailer, you should probably be looking at a modern Point of Sale system to help maximize your sales.
3 Ways Your Social Security Checks Could Be Reduced by COVID-19
The coronavirus pandemic could result in smaller monthly checks.
Boeing set to announce significant US job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
U.N. calls meeting to boost pandemic support for developing countries
WASHINGTON, May 26 (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
DeVos Would Send Millions of Federal Dollars to Private Schools
Secretary of Education Secretary Betsy DeVos is planning to funnel tens of millions of dollars of federal coronavirus aid to private schools, most of which have religious affiliations.
CEO pay tops $12.3M
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
Coronavirus: States to clear operation of international flights
Stranded passengers told to register with Indian missions, download Aarogya Setu App
EU to propose €750bn Covid recovery package for states
Ireland in line for grants of €1.9 billion in package weighted by how badly economies have been hit
Proposed Kannapolis budget has no fee or rate increase
Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.
Sharp IT budget cuts expected in wake of COVID-19
Gartner and IDC see global IT spending dropping precipitously this year, with cloud services an exception as enterprises accelerate transformational strategies.
3 Reasons to Buy Stocks Right Now
Are you debating whether it's a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.
Chinese in Canada a target of increased hate during pandemic
Vancouver resident Trixie Ling recalls her disgust and anger after a passing stranger taunted her with racial and sexual slurs in early May. Then he spat on her face.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
What is in the EU’s €750bn recovery plan and how will it affect Ireland?
Q&A: What are the main stumbling blocks, and how will the plan affect Ireland?
WTI attempts a bounce above $34 mark ahead of API data
WTI (July futures on Nymex) witnessed a quick bounce from daily lows of 33.52 and regained the 34 handle in the last hour, now consolidating above the
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Boeing set to announce significant US job cuts this week: Union
Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
Third Iranian Tanker Arrives in Venezuela Under Escort of Bolivarian Navy – Photos
The tanker is one of five Venezuela-bound Iranian vessels making their way to the Latin American nation to ease a gasoline shortage caused by crippling US sanctions.
400 Hawaii National Guard troops coming off coronavirus duty | Honolulu Star-Advertiser
The number of Hawaii National Guard troops on federal active duty for the coronavirus pandemic will drop early next week to 800 from 1,200 as part of a Pentagon “right-sizing” ahead of a “hard stop” set for June 24 for the deployment of almost 46,000 citizen soldiers nationwide, officials said.
XRP Is Poised to Plunge Even Lower as Price Falls Under Two Crucial Supports
There was a short period last week during which altcoins outperformed Bitcoin. Yet XRP and the rest of the cryptocurrency market have begun to
BCCI confident ICC won't commit harakiri by taking away 2021 T20 World Cup
Cricket News: The ICC has in fact threatened that they can take away the 2021 T20 World Cup if the board fails to provide the exemption. But BCCI officials believe
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Snow shuts down major roads in Eastern Cape
Dangerous driving conditions due to consistent snowfall in the Eastern Cape has forced provincial transport authorities to close parts of major roads in the province.
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
French power couple lose money laundering appeal
A French political power couple lost their appeal Wednesday against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office.
ICC denies reports T20 World Cup in Australia has been postponed
The International Cricket Council (ICC) has denied reports that a decision had been taken to postpone the Twenty20 World Cup in Australia and says preparations are ongoing.
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
The Hill's Morning Report - Presented by Facebook - Major space launch today; Trump feuds with Twitter
Presented by Facebook
Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad
Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
NZF Foundation spent $130k on company run by Winston Peters' lawyer
Tens of thousands in donor's funds given to the New Zealand First Foundation were spent paying expenses, wages and bills for people closely associated with the New Zealand First leader Winston Peters.
EU to unveil virus recovery plan amid split over way ahead
The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
Boris Johnson vows not to hike income tax, VAT or national insurance and says triple lock on pensions will STAY despite coronavirus bailouts devastating public finances - with 8.4MILLION jobs now furloughed
Standing by Tory tax and pensions pledges today, Boris Johnson told senior MPs: 'We are going to meet all of our manifesto commitments.'
Renault and Nissan scrap Ghosn strategy in move to slash costs
Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal.
1,600 migrant workers leave Mumbai for Tamil Nadu in spl train
The workers started their journey for Tirunelveli on Tuesday evening.
Medicare Recipients May Get Insulin at $35 Per Month
Beginning next year, people on some Medicare Part D or Medicare Advantage Plans who need insulin will be able to access the lifesaving medication for just $35 a month, according to a new plan announced by the White House.
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Boeing set to announce significant US job cuts this week: Union
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Coronavirus: Apprentice star's firm rebuked over Covid-19 ads
Watchdog said Revival Shots had suggested its rehydration sachets could help treat the disease.
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Cricket: After reports suggesting T20 World Cup in Australia set to be postponed to 2021, ICC denies
The ICC Board is also likely to discuss the issue of tax exemption for the 2021 World T20 in India as BCCI has sought more time.
Sebi again extends deadline to apply for 147 senior level vacancies amid Covid-19
India Business News: Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
Official employment survey may capture migration
The ministry of statistics and programme implementation is examining changes that may need to be carried out to assess the extent of unemployment post the reverse-migration in the Periodic Labour Force Survey. The idea is to get a better sense of employment as migration from cities, post-Covid pandemic and lockdown, has been in large numbers.
Here’s How to Make a Safer Wager on Penn National Gaming Stock
Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.
Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo
Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D
Need funds after job loss? Your life insurance policy may help you get it in an easy way
People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.
Nordstrom Needs to Bring Back What Made it Special
Nordstrom announced that it is closing its three Jeffrey stores. If you own Nordstrom stock that’s a good thing. Here’s why.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
'Dangerously naive': APRA warns the worst is ahead
The banking regulator has asked banks not to rush to rebuild capital buffers and to disclose to shareholders "reliable and accurate" information amid mounting threats.
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Are the Coronavirus Bailouts Working? What We Know So Far
If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.
Iran, US prisoners held by two sides
Tehran (AFP) - Iran and the United States have long been sworn enemies, and despite rare prisoner swaps in recent years, they still hold a number of each other's nationals behind bars.
Canada court decision could end ‘Huawei Princess’ extradition saga
A Canadian judge will deliver a key decision Wednesday on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations.
Lockdown loan secures future of Roman fort trust
The Vindolanda Charitable Trust relies on cash brought in by visitors, many from overseas, who come every year to see the Hadrian’s Wall landmark.
Lowy family-backed fund pays $40m for Melbourne homemaker centre
The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
Use of Nottingham’s food banks has surged during coronavirus pandemic
There's increased demand above normal levels by 33 percent or more
Israel Rejects Chinese Bid to Build World's Largest Desalination Plant
Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...
Intuitive Surgical: The Growth Leader In Surgical Robotics
Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In
Democratic unity starts to crack in coronavirus liability reform fight
A group of moderate Senate Democrats say they are open to considering liability protection for businesses in the next round of coronavirus relief legislation, a crack in Democratic unity that gives
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Honolulu Mayor Kirk Caldwell announces timeline to reopen hair salons, gyms and museums | Honolulu Star-Advertiser
Honolulu Mayor Kirk Caldwell on Tuesday announced plans to seek the governor’s approval to allow personal services — such as hair salons, barbershops and tattoo parlors — to resume Friday.
Buy Carrier Global As Potential Asset Sales Will Reduce Debt
Recent trading multiple compression due to the coronavirus. Potential asset sales to reduce indebtedness. Strong trends in the residential HVAC replacement cycl
Editorial: Get money where it’s needed, ASAP | Honolulu Star-Advertiser
The Legislature is in another recess for the next few weeks, but it had better be a working recess. One in which the work is going to be pretty hard, because there are so many problems to solve, stemming from the COVID-19 pandemic and economic crisis.
John Lewis reveals first stores to reopen doors on June 15
The retailer said it will reopen two stores on Monday June 15, followed by a further 11 sites on Thursday June 18.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
EU proposing €750bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Stock Market Investment in times of Covid-19: Time to rebalance your portfolio, stay invested for long term
Stock markets are hard to predict. The best way to time the market is to remain invested in the market.
Takeovers Panel Responds To Metlifecare’s Application For Letter Of Intention
The Takeovers Panel has reviewed the information proposed to be put by Metlifecare Limited (Metlifecare) to its shareholders for the purpose of voting on a scheme of arrangement (the Proposed Scheme) to effect the acquisition of 100% of the ordinary shares in Metlifecare by Asia Pacific Village Group Limited (APVG).
Commission to propose EU budget of €1.1T for seven years
Figure would raise spending compared to current seven-year budget for EU27.
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
MTUC calls for tripartite meeting to solve foreign workers issues
KUALA LUMPUR, May 27 — The Malaysian Trade Union Congress (MTUC) has called for a tripartite meeting of government, employers and employees’ representatives to be held soon to address foreign workers’ housing issues to prevent a spike in Covid-19 cases. MTUC secretary-general J. Solomon said...
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Disney, SeaWorld announce proposed reopen dates, guidelines
After months of being closed due to the coronavirus pandemic, Walt Disney World and SeaWorld are ready to reopen.
IN DETAIL: Executive order on financial autonomy for state judiciary, legislature
Last Friday, President Muhammadu Buhari signed an executive order granting financial autonomy to the judiciary and legislature in the 36 states of Nigeria. The president is empowered by section 5
Korean prosecutors question Samsung heir in succession-related probe
Prosecutors have been investigating suspected accounting fraud at drug company Samsung Biologics
GBP/USD: Sterling has room to rise on Brexit hopes
Brexit hopes, the scandal around Dominic Cummings, and Sino-American relations are in the mix. Yohay Elam, an analyst at FXStreet, thinks the cable ha
Amazon is reportedly in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Zoox hinted it's had interest from multiple buyers.
AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Karnataka News: Mosques, Churches, With Temples to Open For Public From June 1, Says CM Yediyurappa
The Karnataka CM said that his government was awaiting the Centre's permission regarding the same and that he had also written to Prime Minister Narendra Modi on reopening of hotels in the state.
How lawmaker ties helped shape Fed chairman's COVID-19 response
Federal Reserve Chairman Jerome Powell's deep ties with lawmakers are paying off as the central bank deploys trillions of dollars in financial support for the economy with the blessing of Congress.
Righting the Wrong: Jordanian Parliamentarians Back Their King, Call to End Peace with Israel
Jordanian parliamentarians say all options are on the table, including the cancellation of the historic pact, if Israel goes ahead with its decision to extend its...
Flying high: How young pilot Aswini helped transport essentials during lockdown
The 27-year-old recalls how challenging the last couple of months have been
Blowout At Oil India Well In Assam, Villagers Shifted To Safety
Residents near an oil well of Oil India Limited in Assam's Tinsukia district had to be evacuated after a "blowout" on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems failed.
'Put them in a spacecraft and fly them to Mars': Abigail Disney hits out at 'feral' billionaires, saying Bezos has transformed into Darth Vader, Elon Musk is a narcissist and Peter Thiel is a menace
Answering who the 3 most 'toxic billionaires' were, Abigail Disnet named Jeff Bezos, Elon Musk and Peter Thiel. She said Bezos was like Vader.
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Indian Air Force gets 15 deadly and heavyweight Chinook Helicopters! To help operations in the Northeast Region
Sources in the Indian Air Force (IAF) have confirmed to Financial Express Online that “The final five of the 15 Chinook heavy-lift helicopters were handed over to the IAF at the Air Force Station, Chandigarh, just before the countrywide lockdown.”
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
'Reborn' Swiss to drop most virus restrictions on June 6
Switzerland announced Wednesday it would remove most of its remaining coronavirus restrictions on June 6, when all leisure and entertainment activities can resume if appropriate precautions are in place.
Making commercial laws in Kenya adaptable to deal with pandemic
ANJARWALLA & KIUNUHE: Making commercial laws in Kenya adaptable to deal with Covid-19
EU reactions to Commission 750 bln euro coronavirus recovery scheme
BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan
Nigeria to benefit as World Bank approves $346m for Lake Chad countries
The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region
Sircilla Water Management lessons for IAS trainees at Mussoorie
Trainee IAS officers will learn the water management lessons based on Sircilla experience with the Lal Bahadur Shastri National Academy of Administration in Mussoorie choosing Sircilla Water Managemen
Why Latin American airlines are going belly-up?
The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.
Flights to Kolkata from Mumbai to begin on May 28
No flights to Chennai, Goa till May 31
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
Reopened US car factories see coronavirus cases as production rolls on
In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US
We lost the war in Afghanistan — time to come home, Business Insider - Business Insider Singapore
Business Insider - The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.. Read more at businessinsider.sg
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Easing COVID-19 restrictions: UAE government employees return to offices from Sunday
Attendance rate starts at 30% as a minimum and gradually increases based on developments
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung
Eskom sees lower risk of power cuts during winter
Load shedding at Stage 1 only, and for just three days.
SEZAD keeps project deadlines while ensuring COVID-19 safety
While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
Lockdown-hit farmers in Prakasam press for loan waiver
The All India Kisan Sangharsh Coordination Committee in Prakasam district has urged the Centre to announce a special financial package for farmers who are struggling to cope with the lockdown imposed
Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months
Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The
Mint Lite | Foreign fund bond holdings at three-year low and other news to know
Mint Lite is a quick update to bring you up to speed on all the news you need to know—and some things that are just fun to know—in five minutes before you start your day
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T
Flights to Kolkata from Mumbai to begin today
No flights to Chennai, Goa till May 31
France's daily coronavirus data paves way for further lockdown easing
PARIS (Reuters) - France’s coronavirus death toll rose by less than 100 for the seventh day running on Wednesday while the number of confirmed cases climbed only modestly, according to data which indicated the worst of the pandemic could be over for the country for now.
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Pay special daily allowance to contractual workers: Bombay HC tells NMMC
Judge says it was unfair of the corporation to differentiate between them and regular employees
Man says he broke into San Diego bank just so he could heat up his Hot Pockets
A man who was arrested on suspicion of breaking into a Chollas View bank early Wednesday morning apparently entered the branch just so he can heat up his Hot Pocket sandwiches.
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
Publicise WhatsApp numbers of shopkeepers, avoid complete shutdown, Bombay HC tells authorities
The petitioner told the court the authorities had announced a complete shutdown in containment zones from May 15 to May 20, causing inconvenience to both the consumers and shopkeepers selling essential goods.
Genobank: Looking to Remake the DNA Kit Market
Genobank is looking to raise capital from the crowdfunding site Republic. They are developing a privacy-first DNA kit based on blockchain.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know
Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
Virginia man on FBI 'Most Wanted Terrorists' list indicted in federal court
A Virginia man who fled the United States eight years ago has been indicted for providing support to the al Shabab terrorist group in Somalia.
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
Saudi Arabia to open two new airports
Al Jouf and Arar airports ready to be operational from Sunday 31
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
Twitter Fact Checks President Trump - But Not Communist China
Recently Twitter added a “fact check” label to President Donald Trump’s tweets about the concerns surrounding mail-in voting fraud, but the social media site has failed to apply those same fact-checking measures to verified Chinese government accounts that spread coronavirus misinformation on the platform.
Judge Napolitano: 'Twitter has freedom of speech just like you and I and the president himself'
Fox News senior judicial analyst Judge Andrew Napolitano told “America's Newsroom” Wednesday that President Trump is “right” that social media platforms show bias against conservatives, but added that as a private company, Twitter has the right to control speech on their platform.
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Gold picks up as market sentiment sours
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are
2020 T20 World Cup prospects fade, as alternatives sought
A board official says hosting it this October would be 'too big a risk' | ESPN.co.uk
Akinwumi Adesina has not stepped down as AfDB President – Oladokun
In the face of the call by the United States government for a fresh investigation into some allegations against the Akinwumi Adesina
CAN, NSCIA, NCDC, PTF discuss guidelines to re-open religious centres
Following pressure from religious leaders to re-open places of worship, the Christians Association of Nigeria (CAN), Nigeria Supreme Council...
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Huawei CFO Faces an Uphill Battle Against Extradition to the U.S as a Canadian Court Delivers an Adverse Ruling
Huawei CFO sustains a blow as the Superior Court of British Columbia delivers an adverse verdict in the U.S. extradition case
Disney to present reopening plan for Walt Disney World
LOS ANGELES (Reuters) - Walt Disney Co will present its proposal for a phased reopening of its Orlando, Florida, theme parks to a local task force on Wednesday, the company said in a statement.
Cuomo describes productive discussion with Trump on infrastructure
New York Gov. Andrew Cuomo (D) said his meeting with President Trump on Wednesday focused on investing in infrastructure projects to “supercharge” a U.S. economy reeling from the coronavirus pandemic.
Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs
Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
Curfew drops banking hours
According to the Kampala capital City Authority (KCCA), Kampala city roads have a carrying capacity of approximately 45,000.
Punjab decides to hike MBBS fee in govt, private colleges
With the massive surge in the price index in the years thereafter, these colleges are facing fiscal problems and are unable to meet the norms of Medical Council of India, thus necessitating a fee hike
Local bodies ready to pay expense
Amid the controversy over charging money from returning expatriates for quarantine facilities, two local bodies ruled by the United Democratic Front in Kozhikode district have written to the governmen
Krishna water release from A.P. resumes after a month
Supply expected to reach inter-State border in Tiruvallur by the evening
Enjoying the fruits of their labour
Farmers deserve the freedom to market their produce at a place of their choice
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Why is migrant exodus giving Punjab industry the jitters?
According to rough industry estimates, 80 per cent of Punjab's industry is dependent on migrant workforce. This trend of employing workers, mainly from UP and Bihar, started in way back 70s
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
MSMEs in Visakhapatnam get first instalment of pending incentives
AP Chambers lauds Chief Minister’s initiative
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
US capital Washington eases coronavirus lockdown
The US capital is relaxing lockdown restrictions following a sustained period of decreased coronavirus infections, Washington's mayor said.
Newcastle United’s reported interest in Xherdan Shaqiri is perfect for Liverpool
Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.
3 Nasdaq-100 Stocks to Buy On the Dip For Bullish Investors
It could be a top. But today’s market weakness looks better put to use as an opportunity to buy leading NASDAQ stocks.
Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavi...
How Small Businesses Can Soften the Blow of Bankruptcy
Some dos and don’ts for those teetering on the brink
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
Coronavirus-infected man recovers after 50 days on ventilator: report
A British man who reportedly ventilated for 50 days after contracting the novel coronavirus has made a miraculous recovery, according to a report.
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
No end term exams for current and previous semesters: Kashmir University
In a significant decision, the University of Kashmir, in view of COVID-19 pandemic, has decided that there will be no end term exams for the current
Greek PM praises 'huge step' of European recovery bid
Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned
Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
US Denies Reports It Has 'Multiple Patriot Missile Batteries' Deployed Near Massive Syrian Gas Field
US forces in northeastern Syria began to redeploy from the border with Turkey to the country’s interior and oil and gas fields last October, after Ankara launched an...
Boris Johnson says pubs 'could open faster than previously thought'
The under-fire Prime Minister told MPs today that he was hopeful the hospitality industry could reopen quicker than expected, but did not specify how much faster
Panel defers decision on green pass to LG Polymers
EAC to wait for suo moto action by NGT, cases being heard in High Court and NHRC on gas leak accident
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Elbit Systems Firing On All Cylinders
The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe
PMLA court sends Wadhawan brothers to judicial custody till June 11
Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), were produced before a special Prevention of Money Laundering Act (PMLA) court by the Enforcement Directorate on
Florida's South Beach awakens after two-month slumber
MIAMI BEACH, Fla. (Reuters) - South Beach’s Ocean Drive stirred to life on Wednesday after a two-month shutdown, as diners enjoyed breakfast and early cocktails along the Florida tourist thoroughfare for the first time since the coronavirus pandemic struck in March.
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Longtime Charlotte firefighter accused of stealing hundreds of dollars from Target in Midtown
Charlotte detectives have charged 41-year-old Timothy Ireland with seven counts of misdemeanor larceny.
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Police find £1,000,000 cash in suspect's home after stopping his car
Officers found banknotes stuffed inside shoe boxes and bags.
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
RealNetworks Could Have A Winner
The company's video codecs, Napster and other assorted businesses have lingered, not producing any profits. However, they have a growing gaming business that lo
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
Rowdy Chicago trading pits face risky reopen, extinction threat
Pete Kosanovich can’t wait to put his trading jacket back on and return to the noisy Chicago pit where he’s worked for 17 years. The burly former football player is known on the floor by the letters “MGLA” printed on his badge, a nickname referencing the 1960s cartoon “Magilla Gorilla.”
New Jersey businesses seek reopening plan as they worry about survival
The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.
The echo of migrant footfalls and the silence on policy
There are four things that need to be done in the country in the wake of the pandemic crisis
Consumers can now book LPG refills on WhatsApp
A company source said since many consumers were comfortable using the messaging application on their smart phones, the company was offering this option too.
Government tracks package rollout to gauge impact on ground
Officials said the focus is on implementation of the measures announced in the package before any fresh ones are undertaken. "Focus, right now, is to implement the various elements of the package... A number of them need cabinet approval. So, the process has been set in motion," said one of the officials.
Your weather update: Cold snap continues with temperatures staying below 20°C
The South African Weather Service has advised of mostly cold weather across the country on Thursday as temperatures continue to stay below 20°C.
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
ED files cases over seizure of drugs
The Enforcement Directorate recently registered over 20 money-laundering cases in connection with the seizure of drugs by various enforcement agencies in Punjab. The findings may be incorporated in th
G.R. Chintala is new chairman of NABARD
G.R. Chintala is the new chairman of the National Bank for Agriculture and Rural Development (NABARD). He has served in various capacities in the bank, including as managing director, NABARD Financial
Florida's Disney, SeaWorld parks to reopen within weeks
May 27 (UPI) -- The Walt Disney Company and SeaWorld announced plans Wednesday to reopen their Florida theme parks over the next two months.
Canadian court rules against Huawei exec fighting extradition
Chinese Huawei executive Meng Wanzhou was dealt a legal setback Wednesday when a Canadian judge ruled that proceedings to extradite her to the United States will go ahead. The decision on so-called double criminality, a key test for extradition, found that bank fraud accusations against Meng would stand up in…
Manchester United take out £140m loan as they attempt to beat Chelsea to Jadon Sancho transfer
Manchester United have taken out a £140m loan that could be used by Ole Gunnar Solskjaer to finance signings this summer
Hong Kong no longer has autonomy from China, Mike Pompeo says
US will end special trade relations with Hong Kong, which could seriously impact the territory’s economy
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
IOOF embarks on pro bono advice offensive
IOOF's financial advisers will provide at least 50,000 hours of free guidance on the JobKeeper program and the superannuation early release scheme.
KSDP makes a remarkable turnaround
State government’s drug manufacturing facility records profit of ₹7.13 crore
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
Olympic chief Bach consults with IOC members over virus fallout
Olympic chief Thomas Bach held a series of talks with IOC members on the potential consequences of the coronavirus pandemic.
TikTok app has achieved the highest in-app revenue in April 2020
TikTok app has achieved the highest in-app revenue in April 2020. TikTok reportedly generated nearly $78 million in the App Store and the Google Play Store.
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - The exchange between the CNBC hosts lasted around a minute as they lobbed accusations at each other.. Read more at businessinsider.sg
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Horse racing chiefs secure PPE packs for jockeys and trainers so meetings can resume
CHB Medical is supplying a pack which includes face masks, gloves and hand sanitiser to the British Horseracing Authority, with fixtures planned from June 1
VerifyME, Jobberman join skills towards robust last-mile authentication
Know-Your-Customer, KYC, technology company, VerifyMe, has entered into partnership with Lagos-based job portal, Jobberman.
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
How Railways, Metro services plan to gather steam post-lockdown 4.0
Railways, Metro services plan: While Railways is set for the graded resumption of passenger train services from June 1, the Centre is yet to give the go-ahead for metro rail operations.
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there can be no interdict stopping it from doing so.
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Govt. offices to function with 50% staff
Guidelines issued on mode of working, no exemption for offices in hotspots
What John Lewis has said about Bristol store as some branches set to reopen
There will be a number of strict social distancing measures in place
Forecast: Breezy trade winds to hold through the weekend
Trade winds will strengthen to moderate to locally breezy levels Wednesday and Thursday then hold into next week.
CNBC's Kernen, Sorkin clash over coronavirus, Trump: 'You used and abused your position'
CNBC hosts Andrew Ross Sorkin and Joe Kernen had a heated confrontation on the Wednesday edition of "Squawk Box," with Kernen accusing Sorkin of panicking over the coronavirus's impact on the
Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear
The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
This is when McDonald’s will reopen in Burton, Swadlincote and Uttoxeter, says the boss
It will initially be drive-thru only
Administrators deny South African Airways set to start flying
South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June as lockdown restrictions aimed at ...
'There is nowhere to run to' - Covid-19 pandemic leaves immigrants desperate for assistance
"There is nowhere to run to … Life in my country is worse. People in my country are suffering more than us here who are in lockdown," a Cameroonian asylum seeker in Cape Town says.
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
Reliance Jio now offers monthly double data benefits to Jio Fiber broadband subscribers; here are all the plans
Coming to the Jio Fiber Diamond plan it now provides annual subscribers with 4,000 GB of high-speed monthly data benefits.
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Tech reboot in store for EU as plans recovery from crisis
BRUSSELS (Reuters) - From ramping up 5G’s rollout to exploiting its data, the European Union is turning to technology to help it bounce back from the coronavirus crisis and compete better in key areas with the United States and China.
Use ICWF to bring back poorly paid Indians: HC
Centre told to consider pleas of wives of four Keralites
PM implores employers to re-hire staff, says 45,000 job postings now up for young people
Prime Minister Justin Trudeau used his 65th morning press conference since the COVID-19 pandemic was declared in mid-March to implore Canadian businesses to re-hire their employees, and encouraged young people to look into the 45,000 job postings available to those looking for work this summer.
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
Upwork: Must Grow Faster
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
PM wants employers to re-hire, cites 'enormous financial pressure' being felt
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
Standard Chartered Names Lay Choo Ong as Head of Retail Banking Hong Kong
Standard Chartered Bank Hong Kong announced today it has appointed Lay Choo Ong as the new head of retail banking, Hong Kong.
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
Rising rivers force closures
Peak levels on the Thompson Rivers are still coming.
Lockdown impact: NHAI to extend contract for private highway developers
25% average toll collection loss to get one-day extension
Why Facebook Stock Will Reach $300 Sooner Than You Think
The tech giant's ad revenue is likely to increase in coming quarters, which will push FB stock to new highs.
Target is selling outdoor waterbeds with built-in sprinklers, and they're perfect for people who don't have a pool, Business Insider - Business Insider Singapore
Business Insider - The outdoor water beds are rainbow-colored, and retail for $30. They can be purchased both online through Target's website and in stores.. Read more at businessinsider.sg
Cyprus pledges to cover medical costs for tourists if they catch coronavirus on vacation
NICOSIA, Cyprus — Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation, according to a letter obtained
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Lawsuit seeking billions in damages filed against EasyJet
British law firm PGMBM announced Tuesday it filed a lawsuit against EasyJet in connection with a breach that exposed data on aprroximately 9 million people.
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
3 employees positive for COVID-19 at Cedar Bluff Kroger
Three Kroger associates at the Cedar Bluff location have tested positive for COVID-19, according to to an official statement from a company spokesperson.
How passenger numbers collapsed at Stansted Airport in lockdown
Passenger numbers at Stansted Airport collapsed by more than 99 per cent in the first full month of the lockdown, new figures reveal.
Relief distributed to airport workers
TIRUCHI About 100 labourers, including trolley retrievers, canteen and other contract employees, working at the Tiruchi International Airport were given essential commodities worth ₹1,000 each in view
Germany's Scholz: Very likely that we will get an agreement on EU recovery plan
Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and G
Apec senior officials discuss possible platform for info sharing on Covid-19
KUALA LUMPUR, May 27 — The Asia-Pacific Economic Cooperation (Apec) Senior Officials’ Meeting (SOM) today discussed on how to formulate a possible coordinated approach to collecting and sharing information on policies and measures regarding Covid-19 and its economic effects. In his welcoming...
Shashank Manohar to step down as ICC chairman after current term
The International Cricket Council in a statement on Wednesday confirmed that current chairman Shashank Manohar is not seeking an extension of his term which is due to expire later this year.
Airdrie MP raises furlough scheme concerns with Prime Minister
Virtual contribution to PMQs highlights problems being faced by Neil Gray's constituents
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
The exchange between the CNBC hosts lasted around a minute as they lobbed accusations at each other.
INFOGRAPHICS | Sharp drop in Covid-19 testing due to kit, reagent shortages
As an expected spike in Covid-19 cases looms, South African laboratories are facing a critical shortage of test kits and reagents needed to conduct coronavirus testing.
Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced
Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
Right of Way: Why right to development now rests with governors
ITU once s aid that a 10 percent broadband penetration in Africa would result in an increase of 2.5 percent of GDP per capita.
Retailers name top areas for IR reform
Changes to strict rosters limits, award classifications and the approval test for collective agreements are on the top of retailers' wish lists ahead of industrial relations reform talks.
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
Covid-19 Blows a $400 Billion Hole in Global Energy
Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.
Reality check on finding new export markets: China's demand dwarfs the rest
Do you stop supplying half of your Shiraz to China because the government says we need to "diversify"? You can't give up that business to pursue wine sales in teetotal India or Indonesia.
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Not a flight of fancy | Delhi farmer buys plane tickets to send 10 migrant workers to Bihar
He would also drop all the workers in his vehicles at the IGI Airport early on May 28, while following social-distancing norms.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
Report: NM Gov. Michelle Lujan Grisham Broke Lockdown to Buy Jewelry
New Mexico Gov. Michelle Lujan Grisham bought jewelry from a non-essential business which was closed by her lockdown order, according to a report.
Industrial reform will be PM's Everest – it won't resemble Hawke's Accord
The trade-offs that Bob Hawke could offer Australian workers are not available to Scott Morrison. He is right to attempt industrial reform, but it is a courageous and challenging path.
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
BMS to seek Opposition MPs’ help against Centre’s move on labour laws
Five key points including plight of migrant workers, unfair labour laws to be brought up
Bishop Demands Compensation For Lost Revenue From Tithes And Offerings During Lockdown
A South African bishop has demanded compensation from the government for revenue lost during the national lockdown when people were prohibited
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
PM gives Murrumbateman hot chocolate the thumbs up
Robyn Rowe Chocolates is a hidden piece of decadence just over the northern border of the ACT
Georgia to reopen all shops, cafes, resume public transport before June 8: PM
TBILISI (Reuters) - Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said on Wednesday.
Nevada governor amends church restrictions after DOJ criticism
Nevada Gov. Steve Sisolak late Tuesday night amended his restrictions on church reopenings, a day after a letter from the Justice Department criticized him for treating them "unequally."
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue
McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
The JobMaker policy: It is time to develop workplace reform
Readers discuss the government's plans for industrial reform, job creation and vocational training.
India’s GDP growth may rebound to 5 pc in FY22, says Subbarao
"I do believe that getting up to 5 per cent next year (FY22) is quite probable. The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," former RBI governor Duvvuri Subbarao said.
Times Square billboards to go dark in support of struggling businesses
More than 100 million pixels will be darkened at 9 p.m. at 46th Street and Broadway and the corner of 47th Street and Seventh Avenue to send a message that more federal support is needed.
EU keeps defence fund alive with 8 billion euro proposal
BRUSSELS (Reuters) - The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the economic impact of COVID-19.
Businessman Begs DP Ruto to Repay Ksh1.4M Unpaid Bill [VIDEO]
He disclosed that he supplied marine boards and wood to the DP's hotel but had not been paid since...
3 Gold Stocks to Buy on the Dip
Profit taking is knocking gold stocks off their perch, but the weakness is temporary. Here's how to buy-the-dip for high probability profits.
Dubai government employees to start returning to work on Sunday
DUBAI: Half of Dubai’s government employees can return to their offices on Sunday, and the rest will be able to go back on June 14, the emirate’s government announced Wednesday. The return to work will, however, be made with “intensified precautionary measures,” to protect workers, Crown Prince Sheikh Hamdan bin Mohammed said.
Horse racing chiefs secure PPE packs for jockeys and trainers so meetings can resume
CHB Medical is supplying a pack which includes face masks, gloves and hand sanitiser to the British Horseracing Authority, with fixtures planned from June 1
Justice Department clears 3 senators in stock sales investigation, but Burr's case appears ongoing
Investigations into Sens. Feinstein, Loeffler and Inhofe have been dropped. Sen. Richard Burr appears to still be under investigation.
Kevin McCarthy: Pelosi is endangering Constitution to ensure she has more power
Democratic House Speaker Nancy Pelosi is endangering the Constitution to ensure that she has more power by maintaining a system of proxy voting in Congress put in place during the coronavirus pandemic, House Minority Leader Rep. Kevin McCarthy, R-Calif., accused Wednesday.
Nissan's Future Is About To Be Decided
Even before the coronavirus pandemic struck, Nissan was in a difficult position. Profits were way down part...
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
Industrial reform will be PM's Everest – it won't resemble Hawke's Accord
The trade-offs that Bob Hawke could offer Australian workers are not available to Scott Morrison. He is right to attempt industrial reform, but it is a courageous and challenging path.
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
SC asks Centre to identify private hospitals for free Covid-19 treatment
Three-judge bench led by CJI says there are private hospitals that have been given land either free of cost or at nominal rates, so they should treat coronavirus-infected patients for free
ED begins probe into 20 drug trafficking cases in Punjab
The Enforcement Directorate has registered 20 money-laundering cases in connection with seizures of drugs by various enforcement agencies in Punjab. The probe findings may be incorporated in the repor
Tesla price target raised over Fremont’s reopening, strong Model 3 demand in China
Tesla (NASDAQ: TSLA) received a higher price target from Dan Ives of Wedbush Securities on Wednesday morning, with the analyst putting his estimates at $800 a share. His previous mark was roughly a third less than his updated price target. Ives’ increase in the price target for TSLA stock is based on his opinion that […]
PM Trudeau says jobs available for young people, implores employers to re-hire
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
Ralph Lauren speeds up online shift as store reopenings continue
Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.
A particular opportunity in Chinese stocks – UBS
Economists at UBS forecast a U-shaped recovery and expect Chinese equities to outperform developed markets. Key quotes “In our central scenario, we se
Vishwas Mehta is new Chief Secretary
The Cabinet on Wednesday decided to appoint Additional Chief Secretary (Home) Viswas Mehta as Chief Secretary when incumbent Tom Jose retires on May 31.Mr. Mehta, an IAS officer of the 1987 batch, sta
Desperate single dads form long queue outside food bank so they can feed their kids
Shocking footage shows the men inside Elephant and Castle shopping centre in a long line leading up to the office of the Dad's House food bank in south east London
Denmark residents sue over laws for dismantling 'ghettos'
STOCKHOLM — A group of Copenhagen residents sued the Danish government Wednesday over legislation that authorized dismantling neighbourhoods designated as “ghettos,” arguing that the measures discriminate on the basis of ethnicity and should be overturned in court.
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
Gold Price News and Forecast: XAU/USD at $1,700 again [Video]
With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced
NCC announces indefinite suspension of 2018 spectrum trading guidelines
By Emmanuel Elebeke The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The position was taken at a recent meeting of the Board of Commissioners of the Commission and urged all licensed telecommunications operators, prospective investors, industry stakeholders and the general public to take note. In aRead More
ETFs pave the road for those seeking diversification
ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.
Back-to-basics billionaire sounds money-printing warning
Legendary stock picker Kerr Neilson says big spending was entirely appropriate to fight COVID-19, but wonders if the world really wants to own more bonds.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Oakland McDonald's employees strike, claim management told them to use dog diapers, coffee filters as masks
The McDonald's location owner has denied the allegations.
The Trump Administration’s War on Huawei Could Hurt These 3 Stocks
TSMC and two other tech giants could become collateral damage in the tech war.
Coronavirus: Health authorities warn against returning to offices too soon
The ACT deputy chief health officer says people should still work from home where possible
Chico's FAS: Too Early To Invest In This Turnaround
Chico's FAS's financials have been in bad shape for several years. The company has several foundational problems that make its future survival challenging. A ne
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
The Best Way to Play the Current Tech Rally Is eBay Stock
Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.
United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore
The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore.
India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao
Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date
Why SMSFs shouldn't attempt to perform their own surgery
With volatility and financial advice costs both at historic highs, a fintech start-up has pioneered a new way for self-managed investors to find help.
ACT venue limits: Pubs, bars relieved but uncertain about new limits
Pub and club operators wondering if they can divide up big rooms to get more diners in within the rules
FG builds 200,000 yam storage facility in Benue state for small businesses
The federal government will on Tuesday, June 9, inaugurate a 200,000 capacity yam storage facility for Micro, Small and Medium Enterprises (MSMEs) in Benue.
EDF asked to delay Sizewell C final plans consultation
Energy giant EDF is being asked to delay the formal consultation on its plans for a new £14billion nuclear power plant on the Suffolk coast until after the Covid-19 lockdown restrictions are lifted.
‘You didn’t panic about anything!’: CNBC’s Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic.
UTB to market Uganda as safest destination after COVID-19
Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back to the same level and …
To meet revenue shortfall, Punjab to go for additional borrowing amid corona crisis
The state governments have extremely limited fiscal space, especially after the implementation of the Goods and Services Tax.
South African mines record 320 COVID-19 cases ahead of lockdown easing
JOHANNESBURG (Reuters) - South Africa’s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa’s most industrialised economy eases lockdown measures next week.
US lawmaker introduces bill to recognise Tibet as independent nation
The US Representative Scott Perry has also introduced a similar bill for Hong Kong
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
EUR/USD Price Analysis: Bulls await a sustained move beyond 200-day SMA
The EUR/USD pair rallied nearly 100 pips from an intraday low level of 1.0934 and jumped to the highest level since early April. Bulls, however, strug
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Property tax hike issue to betaken up in Cabinet meeting
Minister in-charge of Dharwad district Jagadish Shettar has promised to take up the property tax hike issue in the next Cabinet meeting and discuss the matter with the Urban Development Minister. Addr
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
Twitter's Trump 'Fact Check' Does Not Disclose Company Partnered with Groups Pushing Mail-In Ballots
Twitter for the first time put a fact-check label on tweets from President Trump, using the controversial tactic on messages that...
Georgia to reopen all shops, cafes, resume public transport before June 8 -PM
TBILISI, May 27— Georgia will restart public transport and reopen shops, shopping malls and cafes and restaurants before June 8, the ex-Soviet country’s Prime Minister Giorgi Gakharia said today. Gakharia told the government that public transport, including the metro, would resume on May 29,...
TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum
The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
HEICO Beats Again, But Caution Is Warranted
HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
Gambling craze invades Zimbabwe
Gambling has conventionally always been frowned upon as a social vice and vanity. Where it occurred, it was limited to the state lottery, horse betting, pink lo...
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
Public should be alerted, says monsoon preparedness document
Protocol to be followed for six small dams in State
Kudimaramathu works inspected
NAGAPATTINAMThe ‘Kudimaramathu’ works for strengthening of waterbodies undertaken by the Public Works Department in Kollidam, Mayiladuthurai and Sirkazhi panchayat unions a cost of ₹ 87 lakh were insp
Supreme Committee directs employers to develop employee-friendly policies
The Supreme Committee, dealing with the COVID-19 crisis, has decided to lift the lockdown in the Governorate of Muscat.
Commentary: China's tensions could boost Hong Kong's stock exchange
HKEX’s next chief will have to manage a tricky relationship with Beijing, says the Financial Times’ Henny Sender.
Poll: Biden leads Trump by 11 points nationally
Former Vice President Joe Biden has opened up an 11-point lead over President Trump in the race for the White House, according to a new national survey.
Congress Should Give Returning Workers a Bonus
A one-time lump-sum payment would also help the overall economy.
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
20 Lawyers Including Kapil Sibal, Prashant Bhushan, Chidambaram Wrote Late-Night Letter To SC On Migrant Workers
Twenty eminent lawyers including Kapil Sibal, P Chidambaram, Prashant Bhushan and Indira Jaisingh wrote a late-night letter to the Chief Justice of India over the issue of migrant workers in the country, Times of India has reported.
EU launches €750bn stimulus package to kickstart economies devastated by Covid-19
It is described as the biggest ever stimulus package and will be comprised mainly of loans and grants for businesses.
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
BCCI confident ICC won't commit harakiri by taking away 2021 T20 World Cup
The BCCI was needed to throw light on the tax exemption issue 18 months before the 2021 T20 World Cup which meant the deadline was April.
Tesla knocks $5,000 off Model X price as coronavirus hurts demand
Just call it the coronavirus discount. Tesla this week cut the prices of its vehicles in North America as auto demand has taken a hit thanks to pandemic-related lockdowns across the region. The Model
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
Carnegie struggles with being a virus refugee
Venture capitalist Mark Carnegie loves his new New Zealand property but needs to get back to Australia to see the kids.
Bill to regulate mobile money transactions gets committee nod
Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and inadequate protection of payment and …
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
Australia’s superannuation system drives inequality
Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”:
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
Big day for IAF! Air Chief Marshal Bhadauria flies solo LCA and “Flying Bullets” is resurrected
Bhadauria has been always been pushing and supporting indigenisation of various programmes in the IAF and he has always supported the LCA.
Braddon Northbourne Flats site on the market again, a year after failed sale
The 15,607-square-metre site of the former Northbourne Flats public housing in Braddon will be auctioned next month.
Youth athletes forced to look long-term after Commonwealth Games postponement
JUNIOR athletes targeting success at the highest level are facing dramatic readjustments to their sporting dreams following the postponement of the 2021 Youth Commonwealth Games.
Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery
Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.
PM CARES now eligible to receive contribution under CSR; govt amends Act
The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26
Disrupted home renovations will get priority to resume: Lawrence Wong
Home owners whose renovation works were disrupted will be given priority to restart in phase one of the post-circuit breaker period, said Minister for National Development Lawrence Wong yesterday. The Government will consider allowing new home renovation projects to proceed...
Out of containment, Sector 38 people say ‘went through hell’
The sector was sealed off for a period of 28 days and is being opened as no new case has been reported in the area since April 29.
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
Allow reopening of religious places: Yediyurappa appeals to Centre
Karnataka Chief Minister B S Yediyurappa has written to Prime Minister Narendra Modi requesting that Karnataka be allowed to reopen temples, mosques, churches and other religious places.
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
Flooding, locust threats loom over Pakistan, says NDMA chief
“We will try our best to utilise all the resources available in the country to tackle these threats."
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
Covid-19: how the mining industry is responding
As the Covid-19 pandemic spreads, companies have been forced to adjust their practices; we profile some of the mining industry’s responses to the outbreak.
ICTU warns against 'cliff edge' removal of COVID-19 payments
The head of the Irish Congress of Trade Unions (ICTU) says income supports, such as COVID-19 pay...
Mexico's auto industry restart gathers steam, Ford still waiting
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
New Rochelle, home to NY’s first Covid-19 cluster, slowly reopens for business
The New York suburb of New Rochelle, home to one of the first coronavirus clusters in the US, began to slowly reopen for business on Tuesday.
How Australia is Balancing Between Economic Reliance on China and Total Strategic Dependence on US
Following in the footsteps of Washington, Australia is ramping up tensions with Beijing despite its huge economic dependence on China, say Professor Alexander Gillespie...
Prospects for global economic recovery look bleak – Reuters poll
The latest Reuters survey of more than 250 economists over the past few weeks showed that the clouds over the global economic recovery have darkened a
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
After-school sector wants free care extended over winter holidays
While schools have resumed full-time teaching, the out-of-school-hours sector is unsure how many families will still need its services
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
Google to reopen offices from July 6, will give employees working from home Rs 75K allowance
The tech giant will reopen at 10% of their capacity, and is targetting 30% in its offices by September.
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
WTI stays below $34.50, prints mild losses in Asia
WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently
Coronavirus effect: UAE residents evicted over Eid, harassed due to unpaid rents
Landlords say they also have cheques to clear and thus must put tenants under pressure
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
More than 130 homes approved for £50m Beeston Square development
It includes an eight screen cinema, 132 homes and space for a number of restaurants and bars
Second Iranian Oil Tanker Arrives At Venezuela's Largest Refinery
A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
Oil slips on demand worries, Hong Kong tensions
Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.
Government has no choice, must listen to wise counsel: Chidambaram
NEW DELHI: The Congress, after rejecting the government’s economic package announced to revive the economy, has said that sooner than … Government has no choice, must listen to wise counsel: Chidambaram Read More »
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
MTD Bus Capacity Increases, Face Masks Required
[Since] Friday, Santa Barbara MTD increased the number of passengers allowed on board all MTD buses.
Mexico's auto industry restart gathers steam as lockdown eases
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even ...
Fortitude Budget: More incentives to support employers to hire workers
The Government will ramp up hiring incentives to employers to support them in hiring workers who have gone through eligible traineeship and training schemes, Deputy Prime Minister Heng Swee Keat said yesterday. For one, the hiring incentive that was first introduced under...
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Lands ministry, NLC row to delay crucial reforms
Recent publication of proposed regulations was seen as a major leap, but NLC has disowned them
Canada court decision could end ‘Huawei Princess’ extradition saga
OTTAWA, May 27 — A Canadian judge will deliver a key decision today on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations. Four days of legal arguments in January focused on whether US charges against the “Huawei Princess” would...
Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19
Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
Wonderla gets extension on tax break, as lockdown hits construction
The amusement park operator has obtained a further extension of an entertainment tax exemption from the State government, to cover a period of five years from the date of commercial operations or September 30, 2021, whichever is earlier
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
PBOC injects $16.8 billion via reverse repos, keeps rate unchanged
With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
Letters May 27: A message for a thief; wearing masks; helping the homeless
A message for the garden-box thief To the cowardly spewpot who stole my new garden box in the dead of night: You are a festering wound on the heart of Canadian niceness. No one should hold the . . .
Severe flood disrupts Florida reopening
South Florida residents were unable to enjoy the reopening of restaurants and beaches after two months of coronavirus lockdown, when three straight days of rain Tuesday caused severe flooding in Mi...
Cancellations continue, blame it on low passenger load factor
Officials said the Indira Gandhi International Airport in Delhi handled around 277 flights on Tuesday, 100 short of its estimated figure.
Saudi Arabia to end virus curfew next month
But the kingdom is yet to make any announcement about Haj.
Stone railing on historic bridge makes way for drainage channel
A large chunk of the stone railing on the bridge connecting the Moti Darwaza of the Golconda Fort to MD Lines has been brought down by the Greater Hyderabad Municipal Corporation officials to create a
Watch IAF chief RKS Bhaduria fly Tejas fighter as air force inducts 2nd LCA squadron
Air Force Chief Marshal RKS Bhadauria flew the LCA Tejas fighter on Wednesday at Air Force Station Sulur in Tamil Nadu.
Commentary: What a lousy time to graduate, what an unfair handicap for graduating students
This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.
NDDC's 2019 budget padded by NASS with 500 non-existing projects - MD
NDDC's acting MD, Kemebradikumo Pondei, claimed that the agency's budget in 2019 was paddled with about 500 invisible projects by the National Assembly (NASS).
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Natural Gas Price: Cautiously positive
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearl
Gold: On the verge of losing the $1700 level
Gold pulled back on Tuesday as the risk theme turned positive and equities rose. The price moves lower toward $1700, FXStreet’s analyst Rajan Dhall re
Pandemic slows electric vehicle revolution due to lithium battery shortage
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Brisbane City Council's CEO offered another four years
Colin Jensen, who became chief executive in 2010, will stay on at the council until 2024.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
Heatwave conditions to persist in Andhra Pradesh for next 24 hours
Heatwave conditions are likely to persist for another day in the State, according to an Indian Meteorological Department (IMD) report.
Raising IC self-sufficiency increasingly difficult for China
US vendors remain dominant players in the global front-end semiconductor equipment market segment, which will be a critical factor blocking China's ambition of raising self-sufficiency for ICs, according to industry observers.
'Many of us are fearful': South Africa to reopen places of worship
The past few weeks of lockdown, one of the strictest in Africa, have been catastrophic for the country's poorest, many of whom live hand-to-mouth in crowded slums.
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain
Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...
Royal B.C. Museum to begin reopening plan next month
The Royal B.C. Museum will begin a multi-phased reopening plan next month that is expected to return it to full operation by Labour Day. “With a big organization, there’s still a lot to work . . .
After-school sector wants free care extended over winter holidays
While schools have resumed full-time teaching, the out-of-school-hours sector is unsure how many families will still need its services
IndiGo to help man who sold his goats to buy flight tickets
In Mumbai, a migrant labourer family sold three goats to buy air tickets but the flight got cancelled.IndiGo said it has now booked tickets for the workers at no extra charge
Covid-19 lockdown: Indian economy to contract 5% in 2020-’21, predicts Fitch Ratings
The contraction is mainly because of the sharp slump in consumer spending and fixed investment amid a ‘very stringent’ lockdown policy.
The reality behind the unions' claims of insecure work
There's one flaw in the concerns about the rise of insecure work. The percentage of casuals in the workforce has not changed in more than two decades.
Money Saving Expert advice can save thousands on your Council Tax
You can claim back huge refunds, reduce your payments or even cut Council Tax to zero
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
Yasir Al-Rumayyan reveals how the PIF have stayed 'efficient' amid Newcastle United takeover wait
Newcastle United's prospective takeover is in the hands of the Premier League who are conducting their owners' and directors' test and Yasir Al-Rumayyan has outlined how Saudi Arabia's Public Investment Fund have stayed 'efficient' during the coronavirus pandemic
Air Force Operationalises 2nd Squadron Of Home-Made Tejas Combat Aircraft
The Indian Air Force has operationalised its No.18 Squadron, the "Flying Bullets", at Sulur near Coimbatore in Tamil Nadu, equipping it with the fourth generation Mk1 LCA (Light Combat Aircraft) Tejas.
Four factors against T20 World Cup in 2020
Uncertainty over travel & status quo of broadcast deal may see ICC officials favour 2022 when they meet on Thursday
Preview: A Youth Dialogue with ECB’s Lagarde on the COVID-19 response
The European Central Bank (ECB) President Christine Lagarde’s speech will be closely eyed ahead of the European Union (EU) Summit to reach an agreemen
Jewellery manufacturers call for opening of showrooms in Coimbatore
In a memorandum submitted to the Collector, the Coimbatore Jewellery Manufacturers Association said that while the small jewellery shops are open, the bigger showrooms remain shut
Contributions to PM CARES Fund will be considered as CSR: Centre
The Centre has notified that contributions to the PM CARES Fund will be considered as part of Corporate Social Responsibility (CSR) of companies. “In Schedule VII, item (viii), after the words ‘Prime
ICC Board Meeting: World T20 most likely to be postponed to 2022, October window for IPL
New Delhi: The postponement of this year’s T20 World Cup in Australia to 2022, which might open up a window … ICC Board Meeting: World T20 most likely to be postponed to 2022, October window for IPL Read More »
USD/JPY does not rule out a move to 107.20 – UOB
According to FX Strategists at UOB Group, USD/JPY could slip back to the 107.20 region in the short-term horizon. Key Quotes 24-hour view: “USD traded
Agencies on front lines of Covid-19 battle to get extra funding: DPM
Agencies on the front lines of the coronavirus pandemic will get extra funding under the $33 billion supplementary Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. This will go towards boosting Singapore's clinical management of cases as well as its...
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
'Many of us are fearful': South Africa to reopen places of worship
The past few weeks of lockdown, one of the strictest in Africa, have been catastrophic for the country's poorest, many of whom live hand-to-mouth in crowded slums.
Truth About Reports of Rachel Ruto Fleeing From Karen Home
Further, the power couple had held special prayers for the Covid-19 pandemic at their Karen Home before...
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Canada court decision could end 'Huawei Princess' extradition saga
A Canadian judge will deliver a key decision Wednesday on the extradition of Huawei executive Meng Wanzhou that could set her free and help repair Canada-China relations. Four days of legal arguments in January focused on whether US charges against the "Huawei Princess" would stand up in Canada
Chang Wah to double QFN leadframe capacity in 2020
Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.
NZD/USD: Basking in the wave of risk-on euphoria – ANZ
The kiwi basked in the euphoria of the S&P 500 breaking 3000 and broke the 0.6170 resistance. The NZD/USD will remain bid, but analysts at ANZ Bank ar
US used car dealer charged with inflating price of N95 face masks
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
Brisbane City Council's CEO offered another four years
Colin Jensen, who became chief executive in 2010, will stay on at the council until 2024.
PPE - how much is enough?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
A’s suspend minor leaguers pay, place employees on furlough
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as
Zampatti: Made in Australia move crucial to industry's survival
Local fashion designers have welcomed government discussions on boosting the country's textile and manufacturing sector post COVID-19.
Auto Trader to offer 25% discount as it starts trading from June 1
Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.
NSDMA predicts heavy to very heavy rainfall
Heavy to very heavy rainfall activity is expected in the state over the following week, the Nagaland State Disaster Management Authority (NSDMA) has predicted and said that several other weather conditions were also likely during that period along with hefty showers.
Report: AfDB succumbs to US’ demand, agrees to independent probe of Adesina
This comes after US treasury secretary rejected the report of the bank's ethics board which absolved Adesina of allegations of favouritism.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Virus sparks record drop in energy investment: IEA
All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
3 Stocks to Buy After You Take Profits on Wayfair Stock
Wayfair stock benefited from the novel coronavirus and is up big year to date. It’s time to consider other stocks.
Administrators deny South African Airways set to start flying
JOHANNESBURG, May 27 (Reuters) - Administrators at South African Airways (SAA) said on Wednesday the state-owned airline was not preparing to resume domestic flights, rejecting a company statement from a day earlier and underlining conflicting visions of its future.
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
China's GAC keeps target of 3per cent sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3per cent in sales growth this year ...
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness
Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.
Alleged Fraud: EFCC lawyer's absence stalls Oyo-Ita's trial
The trial of the immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, was on Wednesday stalled due to the absence of the lawyer
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul
Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh
BCCI confident ICC won't commit harakiri by taking away 2021 T20 World Cup
The BCCI was needed to throw light on the tax exemption issue 18 months before the 2021 T20 World Cup which meant the deadline was April
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
China to roll out eleven measures to deepen financial reforms
The measures would include accelerating capital replenishment of small and medium-sized banks, further opening up the credit rating sector, promoting the steady development of the "panda bond" market, and stepping up crackdown on financial irregularities.
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
Lukewarm turnout at liquor shops not a cause for comfort
KARAIKAL Though there was no overcrowding in front of the IMFL, arrack and toddy shops in Karaikal on Monday and Tuesday, purportedly due to the price hike, social activists express apprehensions that
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Meng loses court challenge
The extradition hearing process for Huawei Technologies Co. Ltd. CFO Meng Wanzhou will continue after the judge presiding over the case ruled that Crown prosecutors met the requirement of double criminality.
Government furlough scheme now covers 8.4 million workers
At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.
State-owned Chinese company bids to build second UK nuclear plant
The company is blacklisted in the US and its application has created more headaches for UK PM Boris Johnson.
Fall in air pollution from traffic since Covid-19 restrictions
According to the Environmental Protection Agency, nitrogen dioxide levels have dropped in tandem with the sharp fall in car use over the past months.
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
He further noted that work on national highways has been started on war-footing and the government plans to build highways worth Rs 15 lakh crore in the next two years.
Netflix Faces Libel Suit for Linking I.C.E. Contractor to Miserable Immigration Detention Facilities
GEO Group says its state-of-the-art facilities provide "safe, secure, and humane environments," not what's portrayed in the fictional series 'Messiah.'
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
KP reimposes restrictions relaxed for Eidul Fitr
PESHAWAR: Khyber Pakhtunkhwa government on Wednesday announced the reimposition of Covid-19 restrictions which were relaxed last week for Eidul Fitr.In a media talk, Adviser to KP Chief Minister
Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today
NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
PRO14 address CVC era British and Irish League speculation
Martin Anayi tackles the speculation that has arisen after CVC’s purchase of a 28% stake in PRO14 followed their 27% buy into the Premiership.
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
ESScom on high alert over possible Abu Sayyaf kidnap plan
LAHAD DATU, May 27 — The Eastern Sabah Security Command (ESSCom) is on high alert after receiving intelligence information of a possible kidnap for ransom plan by the militant Abu Sayyaf Group (ASG) in the waters of the Eastern Sabah Security Zone (ESSZone). ESSCom commander Datuk Hazani Ghazali...
Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Malcolm Marx might not be going back to Japan after all
Malcolm Marx was among a group who announced their exit from the Lions earlier this month under the SA Rugby 21-day contract termination window.
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
AI robots, automated popcorn dispensers: Cinemas in South Korea go contactless
SEOUL, May 27 (UPI) -- As South Korea continues to loosen its social distancing guidelines amid the COVID-19 outbreak, hard-hit movie theaters are trying to find ways to lure customers back.
Tech View: Nifty close above 20-DMA may be signalling new leg of upswing
Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
Halfords to open 53 'Retail Lite' stores as it welcomes shoppers after 10 week lockdown
A number of Halfords stores have remained open during the coronavirus pandemic, however it's now stepping up services for those who need to physically pick up items
USD/JPY: Gaining bullish strength
The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analy
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Books will survive despite the pandemic, says author Khyrunnisa A
Khyrunnisa A feels that the pandemic effected an ideal environment for creativity to flourish by practically ordering writers to return to their ivory towers, but few obeyed its dictates, preferring instead to consolidate a strong virtual presence
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Top investor in Italy's Nexi cuts stake as M&A looms
MILAN (Reuters) - The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.
Central Bank of Russia Cancels Banking Licence of Morgan Stanley
The Central Bank of the Russian Federation has issued an order this Wednesday revoking the banking licence of Morgan Stanley Bank LLC, effective today.
Las Vegas casino reopening ‘major milestone’ for city, industry
While not all properties in the state will take advantage of the initial opening date, several operators said they’re excited to open their doors to guests.
Telangana govt evacuates 400 AP secretariat employees to state, officials conduct COVID-19 tests
The sudden announcement of lockdown in the wake of the coronavirus has caused the Andhra Pradesh government employees to stuck in Telangana.
It's A Bird, It's A Plane, It's Brookfield Property REIT
Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p
Crypto.com Expands Card To 31 Countries
i2c Inc. has unveiled a partnership to power the expansion of Crypto.com's crypto ecosystem, which consists of a Visa crypto debit card and a wallet app.
Why U.S. energy CEOs will get big payouts despite oil meltdown
BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
Nordic Semiconductor: New Cellular Products Will Accelerate Revenue Growth And Margin Expansion
Nordic Semiconductor is the undiscovered leader in short-range wireless chips, such as Bluetooth low energy. The company has developed long-range cellular chips
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
Airbus experts from France begin probe into Pakistan air crash
An 11-member team of technical experts of Airbus aerospace company visited the Jinnah International Airport here and inspected the runway, air traffic control tower and radar control station as part
Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works
KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...
Sebi again extends deadline to apply for 147 senior-level vacancies amid Covid-19
Markets regulator Sebi has again extended the deadline to apply for the post of 147 senior-level executives by two months till July 31 in the wake of coronavirus pandemic.
Wall Street Breakfast: Blastoff!
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec
FG needs to call OGEFZA management to order –Free trade zones stakeholders
OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Trump’s silver lining — economic numbers could be surging by Election Day
There is one possible silver lining for President Trump in the dismal economic numbers that have followed the coronavirus lockdowns and jeopardized his reelection: There is nowhere to go but up.
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
Wishaw McDonald's drive-thru will open back up from next week
The store will open next week, after being closed for months.
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
5 Dividend Kings to Buy and Hold Forever
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
BREAKING: Court stops revocation of Ororo Marginal Field
The Federal High Court sitting in Lagos has restrained the Minister of Petroleum Resources and Department of Petroleum Resources (DPR)...
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Jailed for corruption, French executive’s story of U.S. justice fuels Chinese distrust of Western courts
Book written by Frédéric Pierucci becomes bestseller in China, training tool on doing business in Western markets
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy
Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.
EU proposing £670bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Water use should be even to both Telugu States, says Andhra Pradesh CM Jagan
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has made a case for fair share of water resources for the Telugu States of Andhra Pradesh and Telanagana.He said unless water is drawn at 800 feet fr
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
Four family-owned Ipswich shops to reopen this June
The Childs/Manning family, who have several businesses on St Peter’s Street say they are looking forward to welcoming customers back
COVID-19 exposed structural deficiency of Nigeria
In the preceding editions, much of the focus has been on the medical response to the novel coronavirus disease, both in Nigeria .
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
Wednesday’s coronavirus news roundup: Toronto releases map showing neighbourhoods hardest hit by COVID-19
Plus: Restaurants, bars, community centres to reopen in Manitoba next week; New Brunswick reports third new case of COVID-19 in Campbellton area;
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
Date announced for Nottingham branch of John Lewis to reopen - and what customers can expect
Numerous safety measures will be in place
VMLY&R India wins the digital mandate for Colgate-Palmolive
The agency will encompass digital campaign planning, creative thinking, as well as social listening
Disney, SeaWorld announce plans for Florida parks to reopen
Disney World's reopening plan was approved Wednesday by Orange County, Fla. officials, clearing a hurdle to inviting people back in July.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
A Eurowings plane with just 2 passengers on board was forced to turn around after learning its destination airport was closed due to coronavirus
The flight from Düsseldorf, Germany, to Sardinia, Italy, made it all the way to its destination before it had to turn around.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
Climate-friendly almond farmers coax life from drying Spanish soil
ZUJAR, Spain (Reuters) - In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques aimed at bringing new life to the land.
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
Preparations in Full Swing as West Bengal to Resume Domestic Flight Operations From Tomorrow
Starting from May 28, the Kolkata and Bagdogra airports will each handle 10 arrivals and 10 departures per day.
Karnataka keen on opening worship places from June 1, awaits nod from Centre
The temples would be reopened keeping in mind cleanliness where soap and water or sanitizers and also social distancing would be compulsory.
The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash
Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
South Africa marks milestone for emergency power procurement
DMRE has confirmed that South Africa's energy regulator is in agreement with a Ministerial determination for the procurement of 2,000MW of emergency power.
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
5 Investment Trends to Profit From a Post-Coronavirus World
A look at some investment themes relevant in the post-COVID-19 world.
Masks on for earnings conference calls, COVID-19 style
Sneeze shields, contactless drop-offs, and now cloth masks for all employees. The pandemic has changed practices for businesses such as lab giant ALS.
Knauf calls in the bankers as Aus building materials sector in play
German building materials giant Knauf has thrown its Australian assets into a wider industry shake-up, and is considering options including a merger or sale to another trade player or private equity firm.
The rise of digital taxes during a pandemic
This measure could also become a new source of state revenue during the enormous tax relaxation given by the government to business sectors affected by the COVID-19 pandemic.
Formula One team McLaren cuts 1,200 jobs, scales back racing wing as coronavirus crisis hit sales
McLaren is a grand name in British racing and the second-oldest team currently on the circuit, trailing only Ferrari in total number of wins.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open.
The Daily Chase: RBC, BMO Q2 profits sink; Huawei CFO hearing
Royal Bank Canada and Bank of Montreal saw their profits cut in half in the fiscal second quarter, and missed expectations in the process, as provisions for credit losses ballooned at both institutions.
Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
‘Tractors and two wheelers will continue to do well as rural economy is in robust health
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
After months of lockdown, Estonian workers flock home from Finland
When Finland locked its borders in March during the coronavirus crisis, tens of thousands of migrant workers from Estonia had an excruciating choice to make: stay put, or go home to see family -- and risk losing their jobs.
World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region
It explained that overall, the Lake Chad region suffered from poor development and economic indicators compared to the averages in the four countries.
'Thousands are in jeopardy': freelance theatre-makers count cost of crisis
When Chester Storyhouse asked how freelancers were faring under Covid lockdown, it was left ‘shocked and enraged’ at how perilous their finances were. Now it is calling for national action
Why You Shouldn't Worry About Moderna's Recent Insider Selling
No foul, no harm with four of Moderna's top execs selling shares right after the biotech's big news last week.
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Ardern And Peters Both Untrustworthy On Level 1, Kiwis Paying The Price
“Neither the Prime Minister nor the Deputy Prime Minister can be trusted on the issue of Alert Level 1 and Kiwis are paying the price,” according to ACT Leader David Seymour.
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
The places in Wales which have received the most money from Welsh Government business grants during coronavirus crisis
£639m has been given to businesses in Wales
AfDB board bows to US pressure to probe its president
Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
USD/JPY climbs to fresh daily highs above 107.80 supported by risk-on flows
The USD/JPY pair fluctuated in a very tight range near 107.50 during the Asian trading hours but started to climb higher on strengthening risk appetit
Gaming Is a Billion-Dollar Opportunity for Amazon Stock
Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
Jose Mourinho outlines Tottenham transfer plan with Premier League warning
Tottenham boss Mourinho is expected to have to deal in free transfers, loans and swap deals as football faces a serious wake-up call and the days of “crazy numbers” are over
10 things you need to know before the opening bell
Here’s what you need to know before the markets open.
Zipline will use its drones to deliver PPE to US healthcare workers
Drones will be used to deliver PPE to healthcare workers in North Carolina.
Canadian cruise ship musician returns home after months stuck at sea
A Canadian who was stuck at sea for months has finally returned home after his job on a cruise ship turned into an ordeal amid the COVID-19 pandemic.
McDonald's drive-thrus in Notts set to reopen next month
The wait is nearly over
Tokocrypto 2.0 powered by Binance Cloud
Tokocrypto has launched Tokocrypto 2.0, an upgraded cryptocurrency exchange powered by Binance Cloud.
COVID-19: Travellers take note! Most viruses, other germs do not spread easily on flights, says CDC
The CDC guidelines do not recommend following social distancing inside a plane between two passengers or keeping the middle seat unoccupied.
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
2 out of 3 MSMEs are well-placed in lockdown
IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron
Which European countries have opened their borders?
Want to make plans for the summer? Different countries across Europe are lifting their restrictions at different times. Here's what we currently know, country-by-country.
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil
European Commissions unveils €750-billion recovery plan
The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday
Disney World is set to reopen on July 11 with masks and temperature checks required
Disney told a Florida task force that it planned to open its Magic Kingdom and Animal Kingdom parks first, followed by Epcot and Hollywood Studios.
Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
Irish firm donates hundreds of face-shields to homeless and healthcare workers
The face-coverings were given out to homeless shelters, grocery stores, healthcare workers, gardai and communities
IAF commissions second squadron of Tejas fighters with chief flying solo sortie
India News: The IAF commissioned its second squadron of the indigenous Tejas light combat aircraft on Wednesday, even as the Rs 37,000 crore contract for producti
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
Officers may jump to Surrey
The Vancouver Police Department is concerned about the “impending threat” of losing many of its officers and staff to the new Surrey municipal force, according to a member of the Vancouver Police Board.
Cuomo to press Trump on reviving US economy with roads, bridges in White House meeting
WASHINGTON, May 27 — New York Governor Andrew Cuomo will press President Donald Trump to invest in the nation’s roads, bridges and rails during a White House meeting today as US states begin to reopen after the coronavirus outbreak left the economy in tatters. Cuomo’s visit to Washington...
NYT outlines Modi's failure in dealing with Covid-19 pandemic
Starkest failure of Indian govt's strategy has been the devastation it imposed on country’s workers, reads the...
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Disney World is set to reopen on July 11 with masks and temperature checks required, Business Insider - Business Insider Singapore
Business Insider - Disney told a Florida task force that it plans to open the Magic Kingdom and Animal Kingdom first, followed by Epcot and Hollywood Studios.. Read more at businessinsider.sg
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
New turbulence in high-stakes Lufthansa rescue drama
Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
COVID-19: Cyprus to pay medical bill if tourists catch virus
Cyprus hopes to attract tourists after its coronavirus lockdown by paying the medical costs of anyone who tests positive for COVID-19 while holidaying on the island, officials said Wednesday. Th...
Germany’s Scholz sees recovery fund as more than money
German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
Disney, SeaWorld to open
SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore
Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg
As politicians in DC condemn China for crackdowns on Hong Kong protests, US police use tear gas on demonstrators in Minneapolis
Police in Hong Kong and Minneapolis, Minnesota, had something in common this week. They both used tear gas on protesters.
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore
Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines, Business Insider - Business Insider Singapore
Business Insider - Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.. Read more at businessinsider.sg
Why General Electric Stock Jumped Nearly 10% at the Open Today
The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
International students are torn on whether to study in Britain as universities contemplate virtual classrooms, Business Insider - Business Insider Singapore
Business Insider - One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.. Read more at businessinsider.sg
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
CMU failed to disclose bank accounts during AGD audit
Members of the Public Accounts Committee (PAC) were told yesterday that the Caribbean Maritime University (CMU) did not furnish information on all the bank accounts it had during a special audit by the Pamela Monroe Ellis-led Auditor General’...
USD/CAD extends rebound, trades above 1.3800 on oil selloff
The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.
Coal India arm awaits Centre nod for mining project in Assam
PTI Guwahati Coal India arm North Eastern Coalfields (NEC) has said its mining operations in Tikak Open Cast Project (OCP), under Saleki Proposed Reserve
GDP growth may rebound to 5% in FY22: Former RBI governor
The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency
Indian Railways to use 50% of isolation coaches converted for COVID-19 patients to run Shramik Special trains
Railway Board Chairman V K Yadav said that so far, 5,000 such coaches have been converted and 80,000 beds are available. These converted train coaches can be deployed wherever the states desire.
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Day 3 of domestic flights: Airports handle 354 departures till 5 pm, says Puri
Domestic services resumed on Monday after a gap of two months, and 428 flights were operated within the country that day.'Till 5pm on day 3 today, there have already been 354 departures & 288 arrivals with a total of 47,917 people at various airports,' said Puri
A survival-of-the-fittest approach towards MSMEs
The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Banff ready to welcome visitors once again, some streets closed to vehicle access
A two block stretch of Banff Avenue will be closed to vehicles, along with a portion of Caribou Street.
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections
No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
Price Chopper: Tesla Sinks Stickers As U.S. Factory Comes Back Online
Hoping to reduce the coronavirus pandemic's strain on its balance sheet, Tesla slashed prices on three of its four models on Wednesday.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
Regional, municipal administrative buildings could open in mid-June
Most of the buildings have been closed since March 18
Information drove development of early states
Who could imagine a 21st century without data? Sophisticated information processing is key to the way societies function today. And it turns out it was also critical to the evolution of early states. ...
World Bank approves $346 Million for Nigeria, others on Lake Chad
The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
Shashank Manohar to step down as ICC chairman after current term
The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.
COVID-19 slowing down railway projects - Amaechi
Rotimi Amaechi, Nigeria's minister of transportation, has expressed worry over the effects of the coronavirus pandemic on Nigeria's existing railway projects.
20 Lawyers Claim "Apparent Indifference" By Supreme Court To Migrant Crisis
A day before the Supreme Court took suo motu cognisance of the "unfortunate and miserable" plight of migrant labourers, twenty prominent lawyers from Delhi and Mumbai had written a critical letter to Chief Justice of India (CJI) SA Bobde and other judges saying the top court's "apparent indifference" to the humanitarian crisis.
Glanbia announces biodiversity payment to suppliers
Glanbia Ireland has announced a 0.20c/L payment to boost biodiversity on dairy farms.
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
Instagram Wants Its Influencers to Make More Money
The platform announced updates aimed at helping creators monetize their audience.
Coronavirus: Punjab Govt to Decide on Lockdown Extension on May 30
Chief Minister Captain Amarinder Singh will hold a review meeting with the departments concerned on the overall coronavirus situation in the state on May 30 and then will announce the government's decision on lifting or further extending lockdown for a longer period.
Netflix: Behind The Account Culling
On May 21, 2020, Netflix announced they would be culling accounts dormant for over a year. The company indicated they didn't want people to pay for a service th
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21
The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
As lockdown eases, this Hyderabad techie is on a mission to find migrant workers their livelihood
Over the last week, Daga has reached out to several manufacturing units through his friends and relatives and connected them to workers, providing urgent employment to close to 700 workers
RIL expanded in every conceivable technology trend: report
IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging
ICC chairman Shashank Manohar to step down at end of term this year
The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
Stringent lockdown further reduced GDP forecast: Fitch
IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Lucknow-Mumbai flight passengers face delay in opening of aircraft door
There were around 40 passengers on the first flight to Mumbai after resumption of domestic flight services on May 25.
Denmark Residents Sue Over Laws for Dismantling ‘Ghettos’
A group of Copenhagen residents sued the Danish government Wednesday over legislation that authorized dismantling neighborhoods designated as "ghettos," arguing that the measures discriminate on the basis of ethnicity and should be overturned in court.
Taseko signs deal for Yellowhead copper project in Canada
Taseko Mines has signed an agreement with an indigenous nation as it seeks to secure regulatory approval for the Yellowhead copper project in Canada.
Coronavirus lockdown | Standing Committee on Home Affairs to meet on June 3
Lockdown and movement of migrant workers likely to be taken up for discussion
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant
The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
Mix of loans and grants in Commission €750bn package
Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.
Paw-fect! Karnataka Police Gears up For Admission of 50 Dogs to Strengthen The Squad
Costing Rs 2.5 crore, a squad of 50 dogs will be inducted to strengthen the Karnataka Police force
Two coronavirus-related deaths reported in North
Number of fines for breaches of social distancing guidelines drops by 90%
An ongoing list of food businesses, delivery services, and restaurants donating to healthcare workers on the front lines
Donating food is an easy way to support and fuel healthcare workers on the frontlines of the coronavirus pandemic.
Disney World proposes mid-July reopening dates
The company proposed reopening Magic Kingdom and Animal Kingdom Park on July 11.
Coronavirus Travel: What to Expect The Next Time You Fly
As lockdowns start easing a little, flights are resuming and may even become quite busy this summer. Airlines are sharing their new procedures to ensure everyone's safety as much as possible.
Renault, Nissan rule out merger, unveil plan to save troubled alliance
Renault and Nissan were among the weakest global automakers going into the coronavirus crisis
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
How about giving the middle class a break?
They are the heart of India’s consumption engine but seldom get a policy look-in
Why the Math Doesn’t Work for Chesapeake Energy
When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here’s how tech companies are reconsidering remote work in the wake of COVID-19.
As states prepare to lift COVID-19 stay-at-home orders across the US, some of tech’s biggest players have started to solidify their timelines for reopening their offices.
Workday Shares Have Become A GARP Story - And A Good One At That
Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to
Get a package you didn't order? It could mean you're getting scammed
People are getting packages delivered to their homes they didn't order.
HC notice to Haryana on schools’ plea against restriction on fee hike
The schools in Haryana have been ordered by the government to only collect monthly tuition fee from only those who are capable of paying, and not demand other charges like building fund, maintenance fund, admission charges and computer charges in wake of the Covid-19 situation.
Spain proposes allowing direct travel between EU cities with low rates of coronavirus infections, rather than opening national borders, to boost tourism
Spain wants to create a 'green zone travel network' between European regions where coronavirus is low, rather than opening national borders in the hope it will allow tourism to restart quicker.
SBI extends moratorium on loans by three months
Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.
EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'
The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...
Government ‘whitewash’ Hides Migration Crisis From Public
Immigration regulations newly-introduced by Government that applications from migrants trapped offshore with valid work visas need clearance through a Lead Agency (Government Dept responsible for a specific industry) are nothing but a political whitewash,” says Ms June Ranson, chair of the New Zealand Association of Migration and Investment (NZAMI).
Polis: Honeywell will produce 6 million N95 masks for Colorado
Colorado Gov. Jared Polis announced a partnership with Honeywell on Tuesday that will bring millions of N95 face masks to the state.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
New York Stock Exchange partially reopens as US COVID-19 deaths near 100,000
The New York Stock Exchange (NYSE) partially reopened its iconic trading floor on Tuesday after a two-month closure due to the COVID-19 pandemic.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
Numbers continue to grow, 354 domestic flights operated till 5pm today: Aviation Minister
After two months of being grounded, India resumed its domestic flight services on Monday with 428 flights functioning on day one.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
West Bengal News: Week After Cyclone Amphan, Kolkata Hit by Gusty Winds, Downpour
Notably, the second storm hit the city at a speed not much less than Cyclone Amphan itself, that gusted through at a speed of 110-130 kmph in Kolkata.
Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over
India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem
Food industry can weather global economic shock: BKPM
Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.
Trees the biggest casualty of pre-monsoon showers
The eight control rooms of the BBMP got the maximum complaints about tree and branch falls from Malleswaram
Our state needs to improve COVID spending transparency to increase public trust
Transparency and accurate information are needed to maintain trust in states' virus response programs. Gov. Jay Inslee must proactively disclose more details of Washington's COVID-19 spending.
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears
Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation's exclusive economic zone. Iran is providing the country with up to 1.53 million barrels of
Central Bank reports €2.5bn profit for last year
The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...
Karnataka considers opening places of worship from June 1, awaits final nod from centre
According to the Ministry of Health and Family Welfare, as many as 101 new cases of coronavirus have been reported in Karnataka during the last 24 hours.
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19., Business Insider - Business Insider Singapore
Business Insider - Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.. Read more at businessinsider.sg
First virus-era Chinese expedition measures Everest
A group of Chinese surveyors on Wednesday became the first team this year to summit Mount Everest, where they will try to pinpoint the height of the world's tallest peak using satellite technology.
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
Battle ahead for EU's massive virus recovery plan
If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Japan OKs funds for US$1.1T stimulus to fight pandemic woes
Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Guess Who? Top Bollywood Actress Loses Out On Two Powerful Agencies; One Because Of A Monetary Dispute
One of the most influential Bollywood diva and an A-Lister lost out on two agencies. One over monetary dispute? Read and Guess Who?
Disney World is set to reopen on July 11 with masks and temperature checks required
Walt Disney World is set to reopen this summer – with masks and temperature checks required – after it closed because of the coronavirus pandemic.
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Reopen the Economy
There is a strong case for the government to review the restrictions and eases them considerably to let the people return to businesses. Going by its economic cost, the lockdown has become unsustainable. As things stand, lockdown is wrecking the businesses, leaving thousands of people unemployed
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
Zimbabwe Holds Court Proceedings In Hospital For Tortured Opposition Activists
Court proceedings were held today at a private hospital for three abducted and tortured opposition activists. The three female
Sevagram Ashram chief removed over allegations of being ‘Godsewadi’, he strongly denies it
This is the first time in the Ashram's history that its president was "removed" before he could complete the five-year term. Prabhu, the president, rebutted the allegations against him and expressed his anguish at being "ill-treated, insulted, removed without giving any chance to defend myself.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
Special train to Bihar departs from Tiruchi
TIRUCHI A Shramik special train with 839 passengers on board departed from the Tiruchi Railway Junction on Wednesday afternoon on a journey to Bihar. The train, arranged by the Southern Railway , woul
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
Sebastian Kurz cautious on Commission’s €750B recovery blueprint
Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.
As politicians in DC condemn China for crackdowns on Hong Kong protests, US police use tear gas on demonstrators in Minneapolis
Tear gas — also known as CS gas — is considered a chemical weapon and is banned in warfare by most countries, including the US.
68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen
According to experts, there could be the 'mother of all sales' for the next few months
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
WTO disputes explained as report puts Newcastle United takeover in further doubt
The World Trade Organisation's confirmation of a dispute against Saudi Arabia could provide another obstacle to a buy-out of the Magpies
Amid Fatal Nursing Home Fiasco, Cuomo to Meet Trump at the White House
New York Governor Andrew Cuomo is in Washington D.C. Wednesday for a meeting with President Trump at the White House. They are expected to discuss infrastructure and New York's ongoing efforts to reopen as the Wuhan coronavirus pandemic begins to slow.
Public University staff withdraw labour over salary enhancement woes
Kampala, Uganda | THE INDEPENDENT | Academic staff in Public Universities have resolved to withdraw their labour citing inequalities in the distribution of the 50 billion Shillings provided by the government to enhance their salaries. In April this year, the Ministry of Education released a salary distribution schedule indicating a significant increment in the salaries …
Nokia veteran Sari Baldauf takes over as 5G battle rages
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
Smarter energy use is key to a greener future
LED lightbulbs, programmable thermostats, high-density insulation and electric vehicles—despite these innovations, about two-thirds of the energy produced in the U.S. is lost to inefficiencies, according ...
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19.
Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.
'Mothership' office on horizon but don't write off London, says Canary Wharf boss
LONDON (Reuters) - The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said.
Tenants fear mass evictions as moratoria expire
Tenants are afraid mass evictions will take place in the coming weeks as eviction moratoria across the country begin to expire.
Red Rock Canyon to reopen Monday
Areas in Red Rock Canyon National Conservation Area, including the Scenic Drive, will reopen Monday after a weekslong closure due to the coronavirus pandemic.
Disney World proposes mid-July reopening dates
Walt Disney World presented a plan for a phased reopening of its parks. The company proposed reopening Magic Kingdom and Animal Kingdom Park on July 11, 2020, and reopening Epcot and Hollywood Studios on July 15, 2020.
Northumberland Roman site gets rescue package to help it through coronavirus crisis
Vindolanda Trust gets loan from Lloyds Bank to help mitigate huge loss of visitor income
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
BC Ferries losing up to $1.5 million each day as pandemic tanks ridership
The company does not qualify for the wage subsidy
'Safety stamp' launched by World Travel & Tourism Council for 'hygienic' destinations and businesses in bid to reassure holidaymakers and speed up tourism recovery
The stamp will allow travellers 'to recognise governments and businesses around the world which have adopted health and hygiene global protocols', so they can experience 'safe travels'.
Iron Mountain: Strong Operating Results Despite COVID-19
Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre
MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen
The letter, sent by the U.S. Chamber of Commerce and signed by over 200 trade and business groups, calls for Congress "to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic."
Panel’s mantra of ease of doing business
NT NETWORK Panaji With the tight financial position of the state practically ruling out any kind of relief package, the economic revival committee in its
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Edmonds man, 22, dies after falling from Little Mount Si climbing area near North Bend
The man was in a designated climbing area with a friend when he slipped and fell, landing on one of the trails below, said a sheriff's spokesman.
You won’t attract investment without state intervention – Mykola Shchurikov about the chemical industry development strategy
The main problem is the inability to compete with importers. Their share in the domestic fertilizer market has exceeded 70%.
Invasive mussel spreads in backwaters
Charru mussel has in many places replaced the Asian green mussel
Demand to reintroduce overnight express train
Connectivity between coastal and Mysuru regions lost owing to cancellation, say patrons
Lashify Brings Alleged Knockoff Manufacturer to Court in China
The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.
AUD/USD risks to visit 0.6000 later this year – Rabobank
The Australian dollar has appreciated steadily despite the grim economic data, however, escalating the tensions between the US and China might endang
Canada investigating alleged dumping of steel imports from five countries
Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers
Locust Menace: UP, Maharashtra, Punjab on High Alert; Centre Steps up Efforts; Drones to be Deployed Soon
As per updates, about 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now.
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
'Starting point': EU's frugal members cool on recovery plan
Austria, the Netherlands, Denmark, and Sweden want emergency help for countries badly hit by the coronavirus to take the form of one-off loans
Nothing Will Stop Maserati From Reinventing The Brand
The forthcoming rear-mid-engine Maserati MC20 is a huge symbolic gesture for the storied trident brand, con...
Telangana govt to pay 50% salary to staff for third consecutive month
The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference
Visakhapatnam gas leak: South Korean expert drops plan to leave the country
A South Korean expert who had come to the city to probe the styrene vapour leak from the LG Polymers plant, dropped his plan to leave the country in the last minute, on Wednesday. Also read: HC orders
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Lawsuit over festival refunds
Two men are suing organizers of Ultra Music Festival, claiming they were denied refunds after the the three-day electronic dance music festival in Miami was cancelled in March because of the coronavirus pandemic.
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
The Productivity Commission's Hamed Shafiee says the goal should not be simply to rebuild the economy we had, but to shift gear and find new ways for the economy to reach its full potential
Quest Diagnostics offers U.S. employers coronavirus testing as workers return
(Reuters) - Quest Diagnostics Inc on Wednesday started offering blood tests, temperature monitoring and other tailored services to U.S. employers as they attempt to reopen factories and offices after months under coronavirus-led lockdowns.
China's Chery Auto plans to sell cars in EU, United States: chairman
China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the ...
New turbulence in high-stakes Lufthansa rescue drama
Coronavirus-stricken airline group Lufthansa wavered Wednesday on grabbing a nine-billion-euro ($9.9 billion) German state lifeline, throwing up new turbulence for a rescue that could decide the fate ...
Passenger on Alliance Air’s Delhi-Ludhiana flight tests positive for coronavirus
The flight was operated on May 25, when domestic flight services resumed after remaining grounded for two months due to the nationwide lockdown to prevent spreading of coronavirus infections.
Machinery Must Be Used For Shifting Heavy Items
Machinery should be used for shifting heavy items – not staff. That is the message from WorkSafe after a worker on an Otago dairy farm was left with a spinal injury.
Unorganised workers likely to be brought under special package
‘Govt. largesse has given a boost to the morale of those hit by lockdown’
Kohl's Is In Trouble
KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
Blizzard cancels BlizzCon 2020, will consider an online variant next year
This news likely won't be coming entirely out of left field for some of our more avid readers. As we reported last month, Blizzard has expressed uncertainty about BlizzCon's viability in the current health climate. However, event organizers were hopeful…
German firm introducing game-changing solar-wind-wave energy platform
A German power firm will launch demonstrations of a one-of-a-kind, triple-threat power generating platform off Iraklio, Greece, later this year.
CPI urges CM to stop coal block privatisation
The Communist Party of India (CPI) has requested Chief Minister K. Chandrasekhar Rao to prevent the attempts of the Centre to privatise 11 coal blocks of Singareni Collieries, as part of its stimulus
US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant
Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
Kerala carrying out maintenance work in Siruvani Reservoir
City’s water supply not to be affected
Air France to cut 40% of domestic flights after bailout
Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, ...
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Foodgrains procurement centres to close by May 31
CM tells Agriculture dept. to focus on crop season from June
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
BlackLine: A Software Company With A Strong Moat
BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching
Lockdown presents mixed fortunes for Prakasam farmers
Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times
Boeing sends layoff notices to more than 6,000 employees
May 27 (UPI) -- Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic.
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
CM to chair meeting with Collectors on Friday
Chief Minister Edappadi K. Palaniswami is scheduled to chair a videoconference meeting with all District Collectors on Friday.On Saturday, he is scheduled to hold a meeting with public health and medi
5 Unmissable Highlights From Consensus: Distributed 2020
Consensus: Distributed, CoinDesk’s virtual version of their annual crypto conference, is done and dusted. Read for the entire coverage.
KCCI Urges Govt To Evacuate Kashmiris Stranded Abroad
The KCCI on Wednesday urged government to evacuate hundreds of Kashmiris stranded in various foreign countries due to coronavirus lockdown
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
DA retrenches staff but denies it has money trouble
Shortly after the elections last year, the party retrenched 51 employees after a poor performance at the polls.
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
Mercury Bay Community Board Meet To Discuss Changes To Speed Limits For Joan Gaskell Drive And More
Our Mercury Bay Community Board met today.
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
Northam to approve northern Virginia reopening plan as data trend in right direction
Northern Virginia counties are ready to enter phase one of reopening as relevant data continues to trend in the right direction, Gov. Ralph Northam announced.
Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript
Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation
How to change or cancel cruise reservations as coronavirus continues to ravage the industry
Cruise companies like Royal Caribbean and Carnival are changing their cancellation, rebooking, and refunding policies amid the coronavirus pandemic.
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Huge Washington state unemployment fraud a warning to other states amid coronavirus pandemic
Washington's race to help newly laid-off residents as the coronavirus pandemic ravaged the economy left it vulnerable to such scams, and last week officials hinted at the scope of the damage done: hundreds of millions of dollars paid out in fake claims.
This casino owner is giving away 1,000 free flights to Las Vegas
The flights to Las Vegas are available on a first-come, first-served basis online. Travelers must pay for return flights, hotels and other trip costs.
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
Tropical Storm Bertha makes landfall in South Carolina
Still days away from the official start of the 2020 Atlantic hurricane season and the Southeast coast of the U.S. on Wednesday was dealing with its second named tropical system in less than two weeks.
7 American ETFs for the Hometown Crowd
American ETFs stocks are again outpacing their international rivals, giving some credibility to having a home country bias.
The average savings account interest rate is less than 1%, but it's not hard to earn more on your money
The average savings account interest rate is .06 — but opting for a high-yield savings account instead is an easy way to earn more than that.
GBP/JPY Price Analysis: The pound fails at 133.00 again
Sterling’s rally from 130.65 lows last week has been unable to extend beyond the 133.00 level, for the fourth time so far this month, and the pair has
Autonomous car company Aurora increases hiring amid industry struggles
Autonomous vehicle startup Aurora committed to hiring employees as it welcomes new executive hires and interns and crosses the 500-employee mark.
Frankfurt Book Fair to go ahead on schedule in October
FRANKFURT (Reuters) - Frankfurt’s annual book fair - the world’s largest - will take place as scheduled in mid-October, its organisers said on Wednesday, a sign of some return to normality amid the coronavirus pandemic.
NCC suspends Spectrum Trading guidelines - The Nation Nigeria
The Nigerian Communications Commission (NCC) Wednesday suspended the Spectrum Trading Guidelines (2018) for the nation's telecommunications industry.
All three Detroit automakers have had workers test positive for COVID-19 since plants reopened
The U.S. auto industry reopened many plants last week after a two-month shutdown due to the global pandemic
Boeing slashes 12,000 jobs as coronavirus impacts travel industry
A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
Currency.com vs BitMEX – Can Regulated Tokenized Securities Compete with the King of Crypto Derivatives?
Having launched in 2014, BitMEX enjoyed many years as the only fish swimming in the cryptocurrency derivatives pond. However, in recent times, it has found itse
Locust threat is bigger this year, warns Agriculture Ministry monitor
A huge challenge is likely to emerge when the swarms flying over 20 districts in Rajasthan start breeding.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Man caught with over $138,000 in cash at Logan Airport after missing his flight
Missing a flight is never fun, but for one traveler, it was an incredibly expensive mistake.
2021 BMW 5 Series: Electrification Soaks Deeper Into the ‘I’ve Succeeded’ Bimmer
Refreshed and technologically updated, the BMW 5 Series maintains a familiar powertrain lineup for 2021, albeit with a few adjustments that reflect the company's environmental proclamations.
Cities being “hung out to dry” on COVID-19 funding
What's the holdup? The issue has become “a jurisdictional hot potato" says the union representing Canada's municipal employees
No End Term Exams For Current, Previous Semesters: KU
The Kashmir University will not conduct the end-term examinations for the current and previous semesters this year and would promote the students based on continuous internal assessment
Coronavirus lockdown | Migrant workers returning to Bihar jump off trains to flee isolation
Most of those returning to Bihar want the government to allow them to isolate themselves at home
The 4 Stimulus Bills Saving America From Its Biggest Depression Ever
The U.S. economy was on the brink of collapse, then the Federal Government threw a life vest at the economy with these stimulus bills.
Industries grapple with reverse migration of workforce, disrupted supply lines
When the civic body allowed small and medium scale industries in Pimpri-Chinchwad to reopen after almost two months, many enterprises realised that much of their workforce, comprising migrant labourers, had already returned home with little or no plans of returning early.
Huawei CFO Meng loses key court argument in fight against extradition to United States
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
'Tone deaf' for council to spend $95,000 on social media coordinator hire as thousands out of work: councillor
A city councillor is wondering why Vancouver is cutting an expected funding boost in street cleaning to, instead, spend $95,000 dollars hiring someone to handle social media in the city manager's office
Govt disburses $202 million for 5 million poor families via village funds program
In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.
Montenegro woos tourists to Europe’s first Covid-free country
Kotor, Montenegro – Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself coronavirus-free, a success story the tiny country hopes will lure tourists to its dazzling Adriatic coast this summer. For weeks,...
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid ...
Two low pressure areas developing over Arabian Sea
Public Authority of Civil Aviation has issued a weather bulletin on the weather over the Arabian Sea.
Kenney appeals to Trudeau for quarantine exemption amid NHL hub city push
Alberta Premier Jason Kenney has appealed to Ottawa to exempt returning National Hockey League players from federal quarantine laws as part of Edmonton's push to be named an NHL hub city.
Bad news for Chelsea as summer target signs for PSG
Porto and PSG have just agreed terms on a deal
Mastercard: A Major Beneficiary Of The "New Normal"
Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio
Rs 223 Crore Bank Fraud: HC Denies Bail To Accused Ex-Chairman
The Jammu and Kashmir High Court on Wednesday rejected plea of former chairman J&K State Cooperative Bank, seeking quashing of FIR against him filed by the Anti-Corruption Bureau in the whopping 230 crore fraud case
T.K. Jose to be State’s new Home Secretary
The State government goes in for major bureaucratic reshuffle
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
Withdraw notification on PWD contractors: GFP
NT NETWORK Panaji The Goa Forward Party has demanded that the government immediately withdraw its recent notification as issued through the office of the
PU evaluation work inMangaluru from today
Govt. agrees to provide transport and food to evaluators
U.S. considering suspension of Hong Kong's special tariff rates: sources
WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Covid-19: Kent RO withdraws ad against house helps kneading dough, issues apology
The healthcare products company had claimed that their machine should be used to knead dough as ‘her hands may be infected’.
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
TSRTC buses exempted from night curfew
As officials point out to low occupancy, KCR relaxes restrictions to the State-run service
Cong. power point presentation on river water diversion
AICC secretary explains how several districts in TS were likely to go dry
Low rates, poor demand hit jasmine growers
Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri
Resume physical courts from June 1, Bar Council urges CJI
‘Only a handful of advocates benefits from virtual court system’
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
Ireland may decide next week to speed up reopening plan
DUBLIN (Reuters) - Ireland may next week speed up the reopening of its economy if coronavirus infections remain low, Prime Minister Leo Varadkar said on Wednesday, though its chief medical officer said he was likely to advise against any such move.
‘Abide by HC direction on migrant crisis’
Medchal collective seeks State govt’s intervention to ensure their safe travel
Dundee pair offer 100 uniform bags to keep care home staff safe after making 1,000+ for NHS workers
Care home staff are being offered 100 uniform bags to stay safe during the coronavirus pandemic after a Dundee pair made more than 1,000.
Tropical Storm Bertha makes landfall on South Carolina coast with 50mph winds after South Florida is inundated with three days of torrential rain and flash flooding that left cars submerged and locals stuck in knee-deep water
Tropical Storm Bertha made landfall on South Carolina's coast at 9.30am EST with sustained winds near 50mph, less than two hours after it was officially named.
News flash: People working from home are just as productive
As a result of the coronavirus pandemic most companies have shifted to having employees working at home. For some that is ideal, for others the lack of human contact can be depressing. It’s a double-edged sword in many ways -- you want people around but enjoy being home.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
Huawei Meng's US extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United ...
India lockdown diary, Day 64: Kerala village uses umbrella to combat covid; Techie on mission to find jobs for migrants, and more
Here’s a curated list of some interesting stories from across the country on Day 64 of lockdown.
Russia seizes 40 tonnes of embargoed European cheeses
Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
African Development Bank chief hits back over graft accusations
The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts by some to tarnish my reputation" and declared "I will... continue to
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
Restaurants listed on Swiggy? Now you can get credit to buy raw materials with this new service
Both Swiggy and Zomato saw multiple restaurants on their platforms shutting down operations temporarily even as the order volume took a hit amid the nationwide lockdown that began March 25.
Survey underlines job loss, drop in earnings during lockdown
It reveals that 73% of around 870 respondents in State have lost their jobs
Wheat procurement on target despite lockdown
While it is progressing swiftly in States like Punjab and Haryana, U.P. is lagging behind; Madhya Pradesh crosses target
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Pompeo: “Hong Kong is No Longer Autonomous From China”
Loss of city-state's
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
Reducing migrant worker population will affect Singapore's competitive edge, lead to higher costs: Industry groups
SINGAPORE: A reduction in the number of foreign workers in Singapore would have multiple implications on the economy and businesses, and also have ...
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
Leo Puriset to join JP Morgan
Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and
Hospitality sector in the Nilgiris may see 70% slide in revenue
Lockdown coincided with peak season for tourism
German chemical firms see 'significant' blows ahead from virus
Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
The Trip Aboard Carnival Cruises Stock Will Be Stormy
There is a new normal coming so CCL stock will have to face a new reality. This is especially true if there is a delay in the vaccine.
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...
India could lose 2021 T20 World Cup hosting rights as BCCI fails to secure tax exemption
The 2021 T20 World Cup is scheduled to be held in India between October-November as the official replacement for the ICC Champions Trophy next year.
10 Stocks to Buy as They Ride a Coronavirus Tailwind
These names are either heavily discounted or are actually riding high on the outbreak.
DBKL to keep up inspection of KL Wholesale Market to ensure compliance with Covid-19 mitigation measures
KUALA LUMPUR, May 27 — Kuala Lumpur City Hall (DBKL) will continue to monitor the area around the walls of the Kuala Lumpur Wholesale Market to ensure that no foreigners use it to enter the market. In a statement issued today, DBKL said patrols and surveillance will be carried out to...
Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure
Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr
Governments urged to designate air, sea personnel ‘key worker’
International Civil Aviation Organization, ICAO, joined the International Labour Organization (ILO) and the International Maritime
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Uber Eats deliverers in Japan involved in accidents as demand surges
Uber Japan Co., which runs the Uber Eats service in Japan, said it will further raise awareness about traffic safety among its delivery workers.
Fewer cancellations on second day of domestic flights
The second day of resumption of domestic flights witnessed fewer cancellations as more passengers took to the skies on Tuesday. Civil Aviation Minister Hardeep Singh Puri said airports across the
Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests
The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.
Coronavirus impact: Indian economy to contract 5% in FY21, says Fitch Ratings
Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before
Greece and Egypt talk tourism in post-pandemic era
Greece’s Tourism minister Harry Theoharis spoke with his Egyptian counterpart on Monday, where they discussed closer tourism collaboration in the
Reps accuse NDDC of illegal spending, insist on probe
The House of Representatives yesterday described the Niger Delta Development Commission (NDDC) as a “corrupt” agency that had been engaging
Experts seek review, sustainability measures as airports reopen Friday
Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability
Samut Sakhon gets ready for thousands of returning migrant workers
The Nation/ANN - Samut Sakhon province is bracing for the 5,400 migrant workers set to return from Myanmar next month by demanding that employers arrange facilities for their 14-day quarantine. Provincial governor Veerasak Vijitsaengsri said the authorities and the private sector are confident they can control the spread of Covid-19 among migrant workers, who will return to work next month.
Ingraham: 'No good reason' to keep lockdowns in place except to hamstring economy ahead of election
Laura Ingraham opened Tuesday's "Ingraham Angle" by slamming Democrats, particularly proponents of coronavirus lockdowns, as Americans begin to benefit from the slow reopening of the country's economy.
Temples to Open in Karnataka From June 1, Fairs And Fests to Remain Restricted
Karnataka has over 34,000 temples that come under the Muzrai department.
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
California salons, barbershops allowed to reopen, governor says
May 26 (UPI) -- Hair salons and barbershops in jurisdictions that meet specific health criteria will be allowed to reopen for business, California Gov. Gavin Newsom announced on Tuesday, furthering easing restrictions in the first state to issue sweeping stay-at-home orders.
Pratt: tap super to fuel a manufacturing recovery
Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.
Will work ever be the same again?
Three CEOs present scenarios that overturn widely accepted notions about working and the corporate workplace
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY – The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Lockdown 4.0: After May 31, states to have own curbs lists
India News: After the end of Lockdown 4.0 on May 31, the Centre may leave it to the states and Union territories to decide on future restrictions, to be imposed i
Detroit ex-mayor Kilpatrick won't be leaving prison early
Former Detroit Mayor Kwame Kilpatrick, who has served seven years of a 28-year sentence for corruption, has been turned down for home confinement during the coronavirus pandemic and won't be leaving prison early, the government said Tuesday. The U.S. Bureau of Prisons said it “reviewed and denied
Interest on loans: SC issues notice to Centre, RBI
The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has
US agency says most viruses and other germs do not spread easily on flights
It also do not recommend following social distancing between two passengers inside a plane or keeping the middle seat unoccupied
EUR/USD put bias weakest in over two months, risk reversals show
One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha
USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range
USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows
Santa Clara health officer suggests California is reopening too soon
Cody said she wants to reopen Santa Clara County — but only when safe to do so.
Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office
The finance sector has rolled out measures for workers as they gradually return to the office.
IndiGo grounds crew for 14 days after passenger on Chennai-Coimbatore flight tests Covid-19 positive
This is the first case of a passenger testing positive after domestic flight services resumed on Monday.
Top executives of Exim Bank 'threatened', National Bank director, brother charged
A National Bank director and his brother have been accused of threatening two top executives of Exim Bank with death.
ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling
In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
Police won't charge News Corp journalist Annika Smethurst
A year after her home was raided after she published a story on a government proposal to expand spying powers on Australian citizens, the AFP says the Walkley Award-winning journalist will not be charged.
2021 T20 World Cup to Stay in India, Australia May Host in 2022: Report
The decision was reportedly taken during an ICC chief executive meeting on Tuesday and Australia will now host the marquee event in 2022.
15 flights arrive at Srinagar Airport in 2 days
As the passenger air traffic resumed on Monday two months after it was snapped following outbreak of covid19 in the country, fifteen flights with 1453
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
Experience with GST holds valuable lessons for One Nation One Ration Card
If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions.
Panama to relax coronavirus measures in second stage of re-opening
PANAMA CITY (Reuters) - The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Montenegro woos tourists to Europe's 'corona-free' corner
Europe News: Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself coronavirus-free, a success stor
National's new agriculture spokesperson David Bennett accuses Government of using farmers to just 'pay the bills'
David Bennett took over the position of spokesperson after Todd Muller became the party's new leader.
Asian markets in retreat as China-US tensions return to fore
Markets are concerned about another flare-up in Hong Kong on a controversial security law
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Detroit ex-mayor Kilpatrick won't be leaving prison early
DETROIT — Former Detroit Mayor Kwame Kilpatrick, who has served seven years of a 28-year sentence for corruption, has been turned down for home confinement during the coronavirus pandemic and won’t be leaving prison early, the government said Tuesday.
JK panel submits report on 'seniority dispute' of KAS officers
A high-level official panel has submitted its report to the Jammu and Kashmir administration for mitigating the seniority dispute of a large number of
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
Path cleared for ICC elections, 2021 T20 World Cup 'likely' to remain in India
Cricket News: The members boards of the ICC came to a tacit understanding through a 2/3rd majority on Tuesday that incumbent chairman Shashank Manohar will not be a
German ECB executive shrugs off court ruling against bond buying
Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank
Newsom: Hair salons, barbershops may reopen in most California counties
May 26 (UPI) -- Hair salons and barbershops in jurisdictions that meet specific health criteria will be allowed to reopen for business, California Gov. Gavin Newsom announced on Tuesday, furthering easing restrictions in the first state to issue sweeping stay-at-home orders.
Panama to relax coronavirus measures in 2nd stage of re-opening
PANAMA CITY — The Panama government said on Tuesday that in June it will start to relax some measures imposed to curb the spread of the novel coronavirus, permitting sectors such as construction, nonmetallic mining and pharmaceuticals to resume operations.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.
Fast finishes! Jay-Jay Wilson gets a rear naked choke at Bellator 229 in 93 seconds
Bellator 229: "Koreshkov vs. Larkin" took place Oct. 4, 2019 at Pechanga Resort and Casino in Temecula, California. Within the last month Bellator MMA aired a free replay of the entire event...
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne
Vertex Energy's Transformation Continues
Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re
Close contacts of COVID-positive infirmary worker tested
Health and Wellness Minister Dr Christopher Tufton has reported that 21 close contacts of a COVID-positive employee of the St Ann Infirmary have now been tested for the disease. According to Tufton, the close contacts have also been placed...
Government invests $700 million to protect fresh waterways, announces raft of new regulations
The Government has earmarked $700 million to help the primary sector and other groups implement the new rules.
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions
The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
In a first, drone used to clear locust swarms in Chomu
India News: In a first, the state agriculture department is using a drone to clear locusts in the state. The first batch of tailor-made drones given by the Union
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses
COVID-19 impact and restricted trading is heavily impacting the economy.
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, under plans approved Wednesday by a city task force.
COVID-19 could cost Serie A over €700m – Italy FA Chief
Serie A could lose over €700m in revenue if plans to restart the league do not come to fruition, according to Italian Football Federation
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
After uncertain future, vacant mould-filled Saskatoon luxury home slated for demolition may have new lease on life
A luxury home in Saskatoon that has been empty for years, is full of mould and was nearly demolished by the city may have a new lease on life.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
‘Aatmanirbhar’ package for agriculture: Sowing half-reforms
While the government deserves credit for announcing agri-reforms that have long been in the making, these may remain halfway measures as it has refrained from biting the bullet on truly freeing up the sector
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
Air corridors can kickstart post-virus tourism – U.N. agency
The World Tourism Organization proposes that tourists be allowed to travel between countries at low risk of coronavirus contagion
The Irish Times view on the economic outlook: Counting on a swift recovery
New reports from economic think tanks are valuable in trying to see through the fog of what lies ahead
As buses start plying, migrants try to leave again, stopped again
Buses headed towards Old Delhi Railway station also registered a sizeable ridership, even around 3.30 pm when the heat had peaked. While passengers boarding these buses were not thermally screened, not more than two were being placed in each row. However, marshals could not be spotted at bus stops.
Fraser Valley libraries to offer contactless hold pick-ups
FVRL Express — Click, Pick, Go service to be offered at all 25 locations starting June 1
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
How South Africa can best balance controlling Covid-19 and avoiding economic disaster
There is intense pressure on the government to lift the lockdown and open the economy. Sustainably lifting out of the lockdown is critical. But there is no roadmap.
US-Canada Team Locates Fuselage of Lost Military Helicopter, Crew Remains
TORONTO (Sputnik) - A joint US-Canadian recovery team has located the remains of Canadian crew members and a piece of the fuselage from a military helicopter lost in...
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Alberta mulls bill that would limit energy project approval time
The bill is part of a continuing government evaluation of the Alberta Energy Regulator, which the United Conservatives say is crucial to speeding up project approvals in the province
ESRI warns against austerity measures in short-term as economy heals from the pandemic
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
Some countries could be exempt from UK quarantine rules, Boris Johnson says
So-called 'air bridges' could give hope to those still dreaming of a summer holiday without having to self-isolate when they get back.
Tourism Kamloops launches survey to gauge reopening comfort levels
As COVID-19 pandemic restrictions are lifted and Kamloops prepares for businesses to begin using sidewalks and parking lots, residents are being asked what
Charity shops fear deluge of donations when they reopen in June
Lockdown has inspired mass clear outs but charities ask customers to be selective with donation.
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
Total coronavirus cases in Gulf Arab states surpass 200,000, tally shows
DUBAI, May 28 — The number of coronavirus cases in the six Gulf Arab states doubled in less than a month to surpass 200,000 yesterday, according to a Reuters' tally, at a time the region's two biggest economies move to resume activity. Coronavirus infections in the energy producing region, which...
What is double criminality? Meng Wanzhou ruling explained
The alleged fraud that Huawei executive Meng Wanzhou is accused of committing by U.S. authorities would be considered a crime in Canada if it happened here, a British Columbia judge ruled Wednesday, marking a major loss for the powerful Chinese businesswoman in her ongoing extradition battle.
Hawley: Twitter Should Lose Tech Legal Immunity for Editorializing Speech
Josh Hawley sent a letter to Twitter, questioning why they should continue to receive legal immunity when they editorialize Trump's tweets.
REA, AfDB canvass productive energy use in rural areas
Okechukwu Nnodim, Abuja The Rural Electrification Agency, in collaboration with the African Development Bank, has called for an increase in the productive use of energy in rural communities by fa...
Illinois business owner plans his own reopening as governor releases guidelines for businesses
With less than a week before Illinois enters the next phase of the governor's reopening plan, Gov. J.B. Pritzker put out new guidance documents outlining how he wants businesses to operate to minimize the spread of COVID-19.
United Airlines reshuffles management as it prepares for uncertain recovery
NEW YORK, May 28 — United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees yesterday, as restrictions to keep the coronavirus from spreading are lifted. With...
"Everyone Is Shocked": CBS News Hit Hard by Layoffs
"I’m really sorry," network president Susan Zirinsky said Wednesday on an all-staff Zoom meeting about the cuts. "There is not a person who won’t be missed."
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
Twitter fact-checks China official after Post presses on Trump double standard
Confronted with an apparent double standard in its lack of fact-check warnings on tweets by a Chinese government spokesman versus the hardline it took with President Trump this week, Twitter on
Here's When You Can Expect Tattoo Parlors to Open Back Up in Each State
The coronavirus pandemic is nowhere near over, but nearly all states in the US have officially introduced plans to reopen their economies after several weeks
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
Huge boost for International Foto Biennale
Councillors voted to give an enormous funding boost to the Ballarat International Foto Biennale in the hope a revamped event will help the city recover from the COVID-19 crisis.
What Jurgen Klopp has told Timo Werner as Liverpool move stalls
The Liverpool manager has been brutally honest.
UK tells EU: Break the Brexit 'impasse' so we can do trade deal
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
Greece “will invest, not spend, its share” of the EU €750 billion recovery plan
Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government
Coronavirus Stock Market Bargains: Xerox Stock
Xerox stock has lost $4.5B of value in the recent selloff. Forward-looking estimates indicate that only $2.7B of value loss was warranted. XRX has poor price mo
Bar Council urges Supreme Court to open physical courts from June 1
In a letter to the CJI, Bar Council of India chairman MK Mishra pointed out that 80% of court work in the Indian judicial system relates to trial courts while the rest comprise appeals, revisions and writ petitions.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Navy admiral submits results of probe on virus-infected ship
The Navy's top admiral on Wednesday received the results of an internal investigation into the spread of the coronavirus aboard the USS Theodore Roosevelt and the firing of the aircraft carrier's skipper in April. The report is not expected to be made public until decisions are made about potentially
Xiaomi YEUX mobile solar powerbank launched with a $49 price tag
Xiaomi YEUX mobile solar powerbank is now available in the YouPin platform with an affordable $49 price tag. It has 6,400mAh battery capacity.
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?
Just five per cent of Ryanair customers have had their money returned to them for cancelled flights within the seven day legal time frame, according to a poll by the UK consumer champion.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
'We're trying to survive': Seniors grow frustrated over slow rollout of COVID-19 financial aid
More than two weeks after the government first announced its plan to give seniors up to $500 to help with their rising costs amid COVID-19, seniors still have no timeline for when they're actually going to receive those funds.
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Bali floats travel bubble as way back for Australians
If cash-starved Bali hotel owners had their way, Australians would be heading back to the resort island as early as July.
NZ April fall largest since the filled jobs series began more than 20 years ago
New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020. Job numbers fell by a record 37,500 in April 2020 amid COV
Pay social carers fighting coronavirus a Real Living Wage, say campaigners
The Citizens UK pressure group has issued the call as the country gears up for tonight's Clap for Carers
USD/JPY stays firm above 107.50 amid risk reset
USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Tropical storm makes landfall, bringing heavy rain to South Carolina
MIAMI: A tropical storm that could unleash heavy rainfall and produce life-threatening flash flooding made landfall along the South Carolina coast ...
Las Vegas ranks top 10 for solar energy, according to report
In Environment America Research & Policy Center’s seventh annual report on solar energy in major American cities, the city is ranked seventh in solar energy supply per capita and 10th in ...
Lawsuit: Ultra refuses refunds for cancelled music festival
MIAMI - Two men are suing organizers of Ultra Music Festival, claiming they were denied refunds after the the three-day electronic dance music festival in M
All three Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for ...
Govt steps up locust control operations; drones to be deployed soon
The government has stepped up efforts to control spread of swarms of locust, a crop damaging migratory pests, in Rajasthan, Gujarat, Punjab and Madhya Pradesh, and plans to soon deploy drones for
Job losses continue to mount in US despite reopenings
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
NZD/USD ignores New Zealand Total Filled Jobs data to add gains above 0.6150
NZD/USD refreshes the intraday top to 0.6191 during the pre-Tokyo Asian session on Thursday. In doing so, the Kiwi pair ignores the recently flashed A
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Private/Public Partnerships Could Boost Central Bank Digital Currencies
About 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. - SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavir
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Tractor Supply News: Why TSCO Stock Is Surging 8% Today
Tractor Supply (TSCO) is in the news Wednesday after revealing an incredibly strong outlook for the second quarter of 2020.
Climate-friendly almond farmers coax life from drying Spanish soil
In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques ...
Toyota tops the list, Tesla climbs the ranks in Australia's most trusted car brands
The automotive industry is the fifth most-trusted business sector in Australia, but buyers have more faith in some brands over others.
Bertha weakens to a depression as it spreads heavy rain over Carolinas
May 27 (UPI) -- Still days away from the official start of the 2020 Atlantic hurricane season and the Southeast coast of the U.S. on Wednesday was dealing with its second named tropical system in less than two weeks.
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
White House organizes harassment of Twitter employee as Trump threatens company
The Twitter employee is now facing death threats.
Merkel vows a ‘tough fight’ with Brussels over Lufthansa rescue
Merkel and Vestager brace for a fight over how far Berlin can go to save its flag carrier.
A timeline of events in the case of Meng Wanzhou
VANCOUVER — A timeline of the Meng Wanzhou case, and rising tension between Canada and China. 2018 Aug. 22: A New York court issues a warrant for the arrest of Huawei Technologies chief financial officer Meng Wanzhou. Dec.
Ombudsman's Report: Recruitment agency selected in search for interim CEO
A new chief executive officer is a step closer after councillors selected a recruitment agency to press ahead with the search for a fresh face to head up the City of Ballarat.
‘Farmers are not opposing paddy diversification…political men have problems’: Haryana Agriculture and Farmers Welfare Minister JP Dalal
Earlier, they had questioned wheat procurement, while stating that it won’t be completed even in three months. But the procurement was very smooth, which has upset the Opposition, Haryana Agriculture and Farmers Welfare Minister JP Dalal said
PICS | Covid-19: 300-bed quarantine site opens in Cape Town
A new 300-bed quarantine site has opened up in Pinelands in Cape Town as the province prepares for a peak in Covid-19 infections.
Congress sees conspiracy of Andhra Pradesh, Telangana CMs in diverting Krishna water
TPCC chief says diversion of 88,000 cusecs water from Pothireddypadu and 3 TMC from Sangameshwaram to Andhra Pradesh would turn south Telangana into a desert
Many Americans say the pandemic changed their spending habits for the better, but experts are skeptical it will last
As state and local economies begin to reopen, Americans will be putting their newfound spending habits to the test.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Four Reasons Why Digital Security (Security Token) Liquidity Has Lagged
How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity -- but there is hope...
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
Aston Villa 'face £11m bill' despite Liverpool protest to Premier League
Aston Villa news - Premier League clubs were official informed of the £340m sum they face paying
I've Changed My Mind About Norwegian Air - The Future Is Brighter
Norwegian Air Shuttle was, effectively, bust, but it has managed to get the creditor takeover, the rights issue, and the government aid all through. It's thus a
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
T20 World Cup 2020: ICC denies postponement report, says preparation underway for tournament in Australia
A Cricket Australia spokeswoman told Reuters she was unaware of any decision being taken to postpone the World Cup. The Indian cricket board (BCCI), which is set to host the following edition of the tournament in 2021, is keeping a close eye on developments as a postponement could open up a window for this year's Indian Premier League.
Fashion Girls for Humanity Founders Explore Future of Fashion
The Fashion Girls for Humanity panel at Columbia University covered how the coronavirus crisis is changing how business is done.
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
A Closer Look at Federal COVID Contractors Reveals Inexperience, Fraud Accusations, and a Weapons Dealer Operating Out of Someone’s House
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published.
NZD/USD pulls away from multi-week highs, looks to close near 0.6170
The NZD/USD pair rose to its highest level in 11 weeks at 0.6233 on Wednesday but lost its traction in the second half of the day. As of writing, the
GBP/USD bears seeking a close below 50-D EMA, Brexit talks loom
GBP/USD is currently trading at 1.2247 and lower on the day so far. The US dollar has picked up a safe-haven bid as geopolitics heats up. Cable has tr
Netflix Stock Is a Win No Matter Where the Pandemic Goes
NFLX stock is more than just a pandemic play. The firm will likely continue to perform in the quarters ahead despite the economic downturn.
An 'Avalanche of Evictions' Could Be Bearing Down on America's Renters
EUCLID, Ohio -- The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new
Five things to know about the Meng Wanzhou extradition case
VANCOUVER - A B.C. Supreme Court judge ruled against Huawei executive Meng Wanzhou on Wednesday in a key legal argument in her extradition case. Here are fi
Lawmakers urge sovereign immunity law to retaliate for US abuse of litigation over COVID-19
Some 35 lawmakers have raised a special motion during this year's two sessions, urging the country to speed up formulating a foreign states immunity law that will grant Chinese citizens and companies the right to sue other countries in domestic courts, in an attempt to retaliate for US abuse of litigation against China over the COVID-19 pandemic.
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officia...
Pubs and restaurants could reopen NEXT MONTH as Boris Johnson says roadmap is moving 'faster than previously thought' and orders review of the six-foot rule
Boris Johnson tonight told MPs he hopes to allow watering holes and restaurants to re-open earlier than July 4 - the date which has been set down in the government's roadmap out of lockdown.
After 41 yrs, Centre set to redefine ‘migrant workers’
India News: Learning from the ongoing migrant crisis, the government is set to redefine 'migrant workers' after 41 years and plans to register them to enable acce
Instagram will let influencers make money off ads on IGTV content, following in the footsteps of YouTube’s revenue-sharing model
Instagram will soon provide influencers with a way to make money off of their content by sharing revenue made from video ads.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
China to increase international flights if COVID-19 under control: Regulator
China's aviation authority will consider increasing international flights as long as imported coronavirus risks are under control, state media ...
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source
This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
Woman wins $127,000 jackpot using money from making face masks
May 27 (UPI) -- An Oregon woman who took up sewing face masks when she was laid off due to the COVID-19 pandemic said the money from her efforts scored her a $127,000 lottery jackpot.
I'm innocent of allegations against me, says AfDB Chief Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina has denied allegations of “breaches of the Code of Conduct of Elected...
Disney, SeaWorld announce plans for Florida parks to reopen
SeaWorld and Walt Disney World will reopen in Orlando, Fla., in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.
Nottingham Forest's play-off ambitions handed another big boost
Nottingham Forest news: Reds handed another boost in their bid to secure a play-off place with the possibility that contact training could be set to restart next week
EU Proposes €750bn Coronavirus Bailout as Popularity of Bloc Weakens
The European Commission has proposed a massive €750bn coronavirus bailout package as many across Europe have begun to question the EU itself.
Bitstamp Unveils British Pound Trading vs Fiat and Cryptocurrencies
Bitstamp, one of the largest crypto platforms in Europe, has announced its plans of supporting a new set of digital assets after adding the pound sterling trading .
Pompeo: US Cutting Iran Nuke Deal-Related Waivers, Measure Effective in 60 Days
Citing "Iran's continued nuclear escalation," US Secretary of State Mike Pompeo has announced that the sanctions waiver for Joint Comprehensive Plan of Action-related...
Coronavirus could cost Serie A over €700m – FIGC chief Gravina
Italian Football Federation president Gabriele Gravina warned an economic crisis could irreparably damage Italy's passion for football.
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
After Modi’s economic package, Nitin Gadkari asks states to chip in Rs 20 lakh cr more to fight coronavirus
Nitin Gadkari today said that states must contribute Rs 20 lakh crore to fight against coronavirus-led disruptions.
Why NIO Stock Is Rising Today
An analyst upgrade ahead of earnings is giving shares a boost.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic
Tesla has slashed pricing for its Model 3, Model X, and Model S models as the coronavirus pandemic ravages US car sales, as Reuters reports.
Instagram will let influencers make money off ads on IGTV content, following in the footsteps of YouTube's revenue-sharing model, Business Insider - Business Insider Singapore
Business Insider - Instagram will reportedly share with creators 55% of the ad revenue they generate — the same amount YouTube offers with its ad revenue-sharing model.. Read more at businessinsider.sg
Most CNN Employees Will Not Return to Office This Year, Jeff Zucker Says
"We expect that the majority of you will not be able to return to our offices this calendar year," the network president said Wednesday in a memo.
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4
Multiple casino-resorts plan to open their doors amid COVID-19 world restrictions and new safety protocols.
China ready for looming financial war initiated by US
China should prepare for a potential financial showdown with the US, as the Trump administration appears to be waging a financial war on China, with crackdowns on US-listed Chinese companies and threats of sanctions over national security legislation for the Hong Kong Special Administrative Region (HKSAR), financial sector experts said on Thursday.
Dumpster Diving: (Kirkland's Edition)
On May 18, 2020, Kirkland's reported a business update. The big highlight was 96% e-commerce growth. Despite the costly two month forced shutdown due to COVID-1
Sea Limited: Skeletons In The Closet
SE is inflating revenue. SE is selling goods for a negative gross margin. The maximum potential value is $59.8/share.
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
Why Patience Is Key When It Comes to DraftKings Stock
The sports betting market offers a huge growth runway and DraftKings stock is a play on it, but the share price has gotten too high.
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
EUR/CHF Price Analysis: Euro limited below trendline resistance at 1.0700
EUR/CHF fails at 1.0700 and returns to 1.0650 area. The euro has been capped by downward trendline resistance from April 2019 highs. Euro rally from
OPPO Reportedly Accelerating Its Own Chipset Plan
The US-China trade war has been going on for a couple of years now and there's seemingly no end in sight. OPPO, the second largest smartphone brand in
Govt steps up locust control operations; drones to be deployed soon as Nagpur, UP stay on alert
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas
Fresh rain prediction has Chellanam wide awake
Huge waves lash coastal stretches of the village; lockdown delays laying of geo textile tubes at several places
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Canadian court greenlights extradition proceedings against Huawei CEO’s daughter
A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United States.
DA denies money woes as it plans to cut jobs
The DA is pushing ahead with its plans to retrench staff, but has denied it is facing financial trouble.
Trade from North to Great Britain will be ‘99.9%’ unfettered, says Gove
No pushback from EU on British government interpretation of protocol, minister tells MPs
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Reserve Bank paints sobering picture of SA financial (in)stability
The South African Reserve Bank has just published its first Financial Stability Review for 2020. It makes for sober reading ahead of the expected end of prohibition.
Madhya Pradesh Villagers Walk Through Rocky Terrain In Scorching Heat For Water
Villagers of Patapur in Madhya Pradesh's Chhatarpur District are forced to walk long distances on rocky terrain in intense heat to fetch water for drinking and other uses.
McGuinness says Ireland will “fight for its fair share” of EU recovery fund
Ireland’s Vice President of the European Parliament has insisted the country will “fight for ...
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
First Las Vegas casinos to reopen on the Strip are revealed
Vegas is betting that it’s time to reopen.
Used car sales recover after COVID-19 lockdowns
Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Murder, Arson, and Hundreds of Charges: Cops Wade Into Canuck Towing War
What started out as simple rivalry between tow companies devolved into a full-scale conflict that boasted every ingredient of organized crime: guns, drugs, money, intimidation, arson, and murder.
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
More than 17,000 parked planes: Visualizing the pandemic’s impact on air travel
The coronavirus pandemic has brought commercial air travel to a near standstill, and the empty skies mean airlines around the world are facing some tough questions about how long their planes will be parked and what a longer interruption to air travel could mean for the industry as a whole.
Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day
XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement ...
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
Watch: CNBC Segment Explodes as Anchors Spar on Air Over Death Toll, 'Your Friend' Trump
Wednesday on CNBC's "Squawk Box," hosts Joe Kernen and Andrew Ross Sorkin battled over the stock market volatility amid the coronavirus pandemic. | Clips
Liverpool withdraw from Timo Werner talks and won't pursue RB Leipzig star transfer
EXCLUSIVE: Werner is highly-rated by Jurgen Klopp, but Liverpool aren't willing to go above £30million amid football's current financial uncertainty and have withdrawn from talks to sign the RB Leipzig star
World Rugby rejects invitational tournament proposal to help struggling unions
Former RFU chief executive Francis Baron drew up a financial rescue plan involving a 16-team invitational tournament to be held in the UK next year.
Aid delivery systems under scrutiny
One of the lessons learned from the COVID-19 pandemic is the need to strengthen delivery systems to ensure that benefits reach the needy and not the greedy, Prime Minister Andrew Holness disclosed today during a digital press conference.
Olympic chief Bach consults with IOC members over COVID-19 fallout
LAUSANNE: Olympic chief Thomas Bach on Wednesday (May 27) held a series of talks with International Olympic Committee members on the potential ...
Moscow to ease lockdown from Monday as pandemic stabilizes
Moscow Mayor Sergei Sobyanin on Wednesday announced an easing of the Russian capital's lockdown starting June 1 after the Kremlin said the coronavirus pandemic had passed its peak in the country. "Today we can already talk about the next steps out of the crisis situation," Sobyanin told President Vladimir Putin…
FAAN: Air travellers should expect flight delays, increased fares
The Federal Airports Authority of Nigeria (FAAN) says passengers should expect flight delays and increased fares when flight operations resume.
Biotech Stocks Have Been on Fire, But Timing Is Everything
Consensus is that the experts will find a vaccine to Covid-19 soon, so the biotech stocks have rallied hard. Buying them now carries risk.
Winter of discontent looms for mining sector
As the mining sector gears up to resume full production from June, the Minerals Council South Africa sees a 6%-10% contraction in overall mining production for 2020 because of the Covid-19 impact. It is also satisfied that its screening and testing measures are working. Unions would beg to differ.
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
World Rugby rejects invitational tournament proposal to help struggling unions
Former RFU chief executive Francis Baron drew up a financial rescue plan involving a 16-team invitational tournament to be held in the UK next year.
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Covid-19 in Tamil Nadu: State gets investment task force; smartphones for Class 10 SSLC students in Chennai
In a tweet, Chief Minister Edappadi K Palaniswami announced that the state has signed MoUs with 17 institutions for investments worth Rs 15,128 crore and to create 47,150 jobs in Tamil Nadu.
Tesla just cut its car prices by up to $5,000 to jump-start sales during the pandemic, Business Insider - Business Insider Singapore
Business Insider - The Tesla Model X SUV and Model S sedan are $5,000 cheaper, while the Model 3 got a $2,000 cut. The move comes as COVID-19 tanks overall car sales.. Read more at businessinsider.sg
Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205
Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.
Covid impact: Big restaurants may walk out of malls to high streets
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Gardai appeal for information on whereabouts of missing man, 65, from Dublin
Daniel Gleeson has been missing from the Dublin 8 area since Tuesday
Disney plans to reopen Walt Disney World starting on July 11
(Reuters) - Walt Disney Co (DIS.N) plans to reopen the world’s largest theme park, Walt Disney World, in phases beginning on July 11, if the governor of Florida approves.
Canadian judge rules Huawei CFO Meng Wanzhou’s fraud case will proceed | Honolulu Star-Advertiser
VANCOUVER, British Columbia >> A Canadian judge ruled today the U.S. extradition case against a senior Huawei executive can continue to the next stage, a decision that is expected to further harm relations between China and Canada.
COVID-19: More than 7,000 workers matched to new jobs under NTUC’s Job Security Council
SINGAPORE: More than 7,000 workers who were either furloughed or retrenched due to the COVID-19 pandemic have taken up new roles with the help of ...
World Rugby rejects invitational tournament proposal to help struggling unions
Former RFU chief executive Francis Baron drew up a financial rescue plan involving a 16-team invitational tournament to be held in the UK next year.
Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage
Uber said it couldn’t sell the bikes because many of the parts were proprietary.
Moscow to ease lockdown from Monday as pandemic stabilises
Moscow Mayor Sergei Sobyanin on Wednesday announced an easing of the Russian capital's lockdown starting June 1 after the Kremlin said the coronavirus pandemic had passed its peak in the country.
U.N. nuclear watchdog plans delayed board meeting because of coronavirus
VIENNA (Reuters) - The U.N. nuclear watchdog’s 35-nation board plans to hold next month’s quarterly meeting a week later than originally planned and mainly by video link because of the coronavirus pandemic, the board’s chairwoman told member states on Wednesday.
Trump’s Economic Advisers Are Wrong
Forget a V-shaped recovery, or even a U.
Canada judge rules Huawei CFO Meng's fraud case will proceed
VANCOUVER - A Canadian judge ruled Wednesday the U.S. extradition case against a senior Huawei executive can proceed to the next stage, a decision that is e
China puts GDP target on history's ash pit
The ruling party abandons the material growth standard of gross domestic product. Now, like many nations, it struggles to define progress in alternative ways.
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
Traffic delays expected this weekend due to motorway work
Motorists are being warned to expect delays this weekend due to road works around the Christchurch Southern Motorway. One lane of a new section of...
FFC urges govt to reconsider its fiscal consolidation stance
Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Why good credit matters — even if you don’t plan to borrow
Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.
Holiday deals hoping to encourage domestic tourism
Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
NO RESPITE FROM COVID
The Covid-19 scenario is getting worse in India. With sharp rises in infection rate at 1.50 lakh and death toll of over 4,000 – what is clear is that the lockdown has had a limited impact while Mumbai, Gujarat and Delhi keeps the nation on edge. With
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
Bank: Lithuanian billion-rescue-plan may be slowed down by red tape
As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
Private jet demand rises as wealthy Russians spend lockdown in West
Passengers are heading for countries such as Britain and Cyprus where they own property, have residency rights, sometimes thanks to holding dual nationality, or have close relatives, according to industry sources.
Govt steps up locust control operations; drones to be deployed soon
The government has placed an order for buying 60 spraying machines from UK-based company Micron, and two firms have been finalised for supply of drones for aerial spraying of insecticides for effective control over tall trees and inaccessible areas, it added.
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
Supply side inflation easing
Via the excellent Damien Boey at Credit Suisse:
Some Irish backpackers in Australia say they feel vulnerable and desperate
‘It was just a proper scam, a major major scam. He just wanted girls on his farm to look at’
Lufthansa says 'unable to approve' coronavirus rescue over EU conditions
Airline giant Lufthansa said it cannot approve a German state rescue over fears that conditions imposed by Brussels would be too harsh. The aid package must still be cleared by the European Commission's competition arm.
Nine held for trading spurious cotton seeds in Mancherial
Sleuths of Ramagundam Commissionerate’s Task Force arrested nine persons belonging to four gangs for allegedly trading in spurious cotton seeds.
USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H
USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
Long Island enters first phase of NY's reopening process
Long Island became the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it entered the first phase of the state's four-step reopening proces
States should come forward with Rs 20 lakh crore to battle COVID-19 disruptions: Nitin Gadkari
Gadkari said the economy is facing serious problems, businesses are being closed and unemployment is growing. All sections of the society, whether migrants, media, business persons or employees, are facing problems, but ultimately
Working from home will kill CBDs. And that’s a good thing
Robert Gottliebsen has warned that the shift to working from home (WFH) could suck the life out of Australia’s CBDs.
Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction
While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.
The Irish Times view on: The EPA bathing report
Ireland in position to get massive post-Covid boost with proper water supplies in place
25,937 confirmed coronavirus cases in South Africa as deaths rise to 552
Health minister Dr Zweli Mkhize has announced that there are now 25,937 confirmed cases of coronavirus in South Africa.
E-commerce transactions grow up to 25% in second week of May
Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.
University Of Nevada, Las Vegas Business School Answers The Humanitarian Call
In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.
Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump
Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Mumbai spirited with Liquor supply back to door steps
Thought the liquor home delivery started in Mumbai and the huge orders are placed from city, but in spite of ban liquor availability of any brand
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Jack Link's Snacks worker dies of COVID-19 in South Dakota
An employee at a Jack Link's Protein Snacks plant in South Dakota died after contracting COVID-19, the company reported Tuesday.
The going will get tougher for the Indian automobile sector; here's why
In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.
$5,250 in fines for DIY plumbing
News from Plumbers Gasfitters and Drainlayers Board Property owners are again being warned not to fall into the trap of using unlicensed people to conduct restricted sanitary plumbing work on renovation projects.
Hollister Urban Area's Alternative Approach to Meeting Growing Drinking Water Demand
Thursday, June 25 | 12 p.m. ET/ 11 a.m. CT Facing an increasing demand on Drinking Water versus groundwater, the San Benito County Water District, in a joint
‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus
The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
Los Angeles County reopens in-person shopping, worship
California moved to further relax its coronavirus restrictions and help the battered economy on Tuesday by permitting barbershops and hair salons to reopen while Los Angeles County, moving more cautio
Wall Street opens higher on recovery optimism
The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.
Covid-19: Did a late-night letter from 20 senior lawyers change SC mind on migrants?
India News: Did a late night letter from 20 renowned advocates including P Chidambaram, Kapil Sibal, C U Singh, Vikas Singh, Prashant Bhushan, Iqbal Chagla, Aspi
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Govt may launch coal blocks auction process under commercial mining on June 11
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
This assumes significance because NTPC is primarily power generation company.
Good Works: Tencent and Universal Team Up on Charity PPE Distribution
In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
Ghanaians urged to avail themselves to census
Mr Isaac Odoom, the Asikuma Odoben Brakwa District Chief Executive, has advised Ghanaians to endeavour to make themselves available for counting in this year’s population census.
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
Need for growing NDB into global development institution: FM Nirmala Sitharaman
She commended the contribution of NDB in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India.
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Stocks - Dow Jumps as Financials Take Spotlight Amid Stumble in Tech
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
France unveils stimulus plan worth €8 billion for car industry
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault.
Company completes 1st overland fiber-optic cable from Alaska
An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
Govt fails on buy local directive
NGHINOMENWA ERASTUS and LAZARUS AMUKESHETHE Agro-Marketing Trade Agency has challenged the government and its agencies to lead by example in implementing its directive to procure locally
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Exclusive: Venezuela reaches deal with U.N. to buy food, medicine with gold - central bank
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
Karnataka schools slated to re-open from July 1
However there is no concrete decision that has been taken and the final decision is expected to be out in a day or two. Sources from the department said that the same was communicated to the Chief Minister.
Challenger bank Lunar partners with Danish esports firm Astralis
Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.
Amberley tyre fire arson: Man 'snapped' and torched pile
A man who lived across the road from a giant, illegal pile of 400,000 old car tyres in Canterbury "snapped" and torched them, a court heard today.
City Council told its estimates for strengthening the Library are ‘ludicrous … not acceptable’
Wellington.Scoop Wellington structural engineer Adam Thornton today challenged the estimates from the Wellington City Council for strengthening the Central Library. He said the strengthening costs were not acceptable and the work could be done for much less.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Motorola On A Roll As Retailers & Carriers Take On New Models
It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.
Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore
Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.
Americas will be hardest hit by COVID-19 job losses: ILO
The Americas, meanwhile, had jumped from being the least affected region in labour market terms in the first quarter to being the most affected, with an expected 13.1 percent drop in working hours in the second, ILO Director-General, Guy Ryder, told a briefing.
Turnpike, parkway toll hikes, $24B construction plan get OK
The New Jersey Turnpike Authority voted Wednesday to increase tolls on two of the state’s major highways and approve a $24 billion construction plan that the hike will fund.
Convene all-party meet on Pothireddypadu issue: BJP
Telangana BJP core committee member and former MLC Ponguleti Sudhakar Reddy has demanded that the State government convene
You can now apply for government’s relief fund for May – but don’t make these mistakes
The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.
Lawsuit: Ultra refuses refunds for canceled music festival
Two men are suing organizers of Ultra Music Festival, claiming they were denied refunds after the the three-day electronic dance music festival in Miami was canceled in March because of the coronaviru
Rumpus in National Assembly Service Commission over Clerk’s, others’ tenure
Over 150 management and senior workers of the National Assembly may be retired soon as the National Assembly Service Commission ...
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19
NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...
Water management: Trainee IAS officers to study Rajanna Sircilla model
The water management policy in Rajanna Sircilla district is becoming a benchmark for others to follow.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
DA demands details on UIF’s COVID-19 relief payments
The party’s Michael Cardo said the UIF was failing to pay through the employee relief scheme and its website was constantly offline.
What a US exit from the WHO means for COVID-19 and global health
As President Trump terminates the US relationship with the agency, experts foresee incoherence, inefficiency and a resurgence of deadly diseases.
Can Cannabis Cure COVID?
Market Overview Analysis by Matthew Weller covering: GW Pharmaceuticals PLC ADR, Canopy Growth Corp, ETFMG Alternative Harvest ETF, Aurora Cannabis Inc. Read Matthew Weller's latest article on Investi
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Azam named top African Brand
Azam was on Sunday named one of the most admired African brands.The Azam non-cyclical consumer segment emerged as one of Most Admired African Brands (prompted) in this year’s Brand Africa.
Old Tafo Assembly supports 16 more PWDs to start their businesses
The Old Tafo Municipal Assembly has presented various items to 16 selected Persons with Disability (PWDs) in the municipality to economically empower them.
Education Department IT manager directed $14m of work to his own company
A former 'go-to guy' for the Education Department misused his position for more than a decade but will not face criminal charges, IBAC says.
The US gaming headset market is found to have hit new heights as of April 2020
A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.
Confusion around whether all of South Africa will move to level 3 lockdown
Health minister Dr Zweli Mkhize has cast doubt on whether some parts of the lockdown will remain at level 4 from 1 June.
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million
Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.
ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion
It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.
Major markets in Sekondi-Takoradi to be closed over surge in coronavirus numbers
Major markets in the Sekondi-Takoradi metropolis are expected to be closed down today for disinfection due to the rise in COVID-19 numbers in the region.
Annoying Security Line At Charlotte Airport Is Maybe A Good Sign For American Airlines
A video of a long security line at Charlotte Douglas was posted on Twitter Monday. On the negative side, the line recalled all the inconveniences of packed airports. On the plus side, same thing.
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
'Mothership' office on horizon but don't write off London: Canary Wharf
'Mothership' office on horizon but don't write off London: Canary Wharf
Air France agrees to cut many domestic flights
The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
World economic prospects darken, rebound delayed – Poll
BENGALURU (Reuters) – Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
She is the World’s highest paid woman CEO
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.
445 domestic flights carrying 62,641 passengers operated on Tuesday: Aviation Minister
A total of 445 domestic flights, carrying 62,641 passengers, were operated on Tuesday
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
Dow Busts Move Higher on Late Buying as Traders Bank on Financials to Shine
KCR to perform Chandi Yagam to mark inauguration of Pochamma Sagar
Chief Minister K Chandrashekhar Rao will conduct Chandi Yagam, Sudarshan Yagam, Gangamma puja and other rituals,
United reshuffles management as it prepares for uncertain recovery
United reshuffles management as it prepares for uncertain recovery
Los Angeles Domestic Violence Hotline Calls Double Since Shutdown
California was one of the earliest locations to shut down, and Los Angeles County now reports that calls to the county’s domestic violence hotline have more than doubled since the virus hit.
Olympic chief Bach consults with IOC members over virus fallout
Bach's aim is to canvas the members for their view on "how to handle the consequences of the coronavirus pandemic", a source told AFP.
Eskom sees lower risk of power cuts during winter
Eskom expects only 3 days of stage one power cuts, where up to 1,000 megawatts is taken off the national grid, during the winter period when demand increases, the chief executive officer said on Wednesday.
Second lawsuit filed against Missouri Medicaid expansion
Conservative advocacy group United for Missouri on Wednesday announced it's suing to take a proposal to expand Medicaid health care eligibility to thousands more low-income adults off the Aug. 4 ballo
Openview – now powered by 2 million homes
The future of free-to-air satellite TV.
It's not a scam: Watch for stimulus debit cards in the mail
The Treasury Department has mailed nearly 4 million economic impact payments to Americans via a prepaid debit card.
Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts
The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
Flashback: Akufo-Addo won't win 2020 elections - NDC reacts
The National Democratic Congress (NDC) discredited reports by the Economic Intelligence Unit (EIU) that president Nana Addo Dankwa Akufo-Addo will retain his seat in the December 2020 general elections.
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position
COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
AirAsia flight makes emergency landing at RGIA Hyderabad
A major disaster was averted after an AirAsia India flight ferrying 76 people, including six infants, made a safe emergency landing
The Crown outlines its 'overwhelming' and 'cogent' evidence
The $400-million Manchester Municipal Corporation fraud trial ended on ...
7 Ways Credit Cards Can Help Grow Your Business
A business credit card isn’t just something you need to help separate your personal and company expenditures. When used properly, credit cards are tools that can help you build your business and, more importantly, improve your bottom line.
Air New Zealand opens domestic and regional lounges with limited services
The lounges will be operating “slightly differently to what people are used to”, said the carrier
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
What We Are Reading Today: A Course in Microeconomic Theory
Author: David M. Kreps David M. Kreps has developed a text in microeconomics that is both challenging and “user-friendly.” The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well.
More than 50 City of Vernon staffers had six-figure salaries in 2019
Wages for the City of Vernon's top staff cost an extra $1.7 million in 2019 as more names were added to the list of those taking home $75,000 or more an
US closes probes into 3 senators over their stock trades
Sens. Dianne Feinstein of California, Kelly Loeffler of Georgia and Jim Inhofe of Oklahoma have been informed that the Justice Department has closed investigations into their stock trades.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Tech selloff weighs on S&P 500, Nasdaq
Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, weighed on the tech-heavy Nasdaq, while healthcare and technology stocks - which outperformed in the coronavirus-led market slump - were among the S&P 500 sector indexes in the red.
Cyprus pledges to cover costs for virus-hit tourists
Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation, according to a letter obtained by The Associated Pre
Again, El-Rufai extends Kaduna lockdown by two weeks
Godwin Isenyo, Kaduna The Kaduna State Government has extended the lockdown it imposed on the state to contain the spread of the coronavirus for another two weeks. But the two weeks lockdown woul...
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Russians fix vibration, N-power unit restarts at Kudankulam
The second 1,000 MW atomic power plant of Nuclear Power Corporation of India Ltd (NPCIL) at Kudankulam that was shutdown
Administrators deny South African Airways set to start flying
JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.
Coronavirus impact: Punjab seeks Rs 51,102 crore fiscal stimulus from Centre
A draft memorandum to this effect was approved on Wednesday by the Council of Ministers at a meeting chaired by Chief Minister Amarinder Singh, an official statement said.
Coronavirus pandemic | 18 new COVID-19 cases in Dharavi, count rises to 1,639: BMC
No death due to the deadly infection was reported in Dharavi in the last 24 hours, the official said.
DA to push for further use of virtual platforms by Parliament
The first virtual question and answer session in the National Assembly would be held on Wednesday since the country went into lockdown in March.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
All Nippon Airways delays delivery of final Airbus A380
The final Airbus A380 would have joined ANA’s two other A380s which were flown on its Tokyo to Honolulu route
How India can push its dairy cart ahead
The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Higher chance of warm winter
Otago and Southland farmers may be in for another warmer-than-average winter this year. Niwa National Climate Centre scientists are forecasting...
SAA administrators see reasonable chance of rescuing the airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
Britain's McLaren scales back F1 racing due to lockdown losses
LONDON, May 27 ― British Formula 1 team and supercar maker McLaren said yesterday it will cut 1,200 jobs and signficantly scale down its racing division after the coronavirus crisis hit sales. The restructuring affects over a quarter of the company's 4,000 jobs. “We deeply regret the impact...
COVID-19 crisis | 'Massive increase' in youth unemployment, women particularly hard-hit: UN
The novel coronavirus pandemic has led to a surge in unemployment worldwide but it has hit young workers hard, the United Nations said on May 27, noting that more than one in six people aged under 29 were forced to stop working due to the COVID-19 crisis.
Boeing set to announce significant US job cuts this week
A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.
Buy USDINR; target of 76.00 - 76.20: ICICI Direct
ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
Clark County election worker’s COVID-19 case won’t impact primary
A Clark County elections employee’s COVID-19 diagnosis should not impact the upcoming primary election or its result reporting and ballot verification processes.
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
MediaWorks staff to hear details of proposed redundancies
The radio arm of MediaWorks is meeting with staff today about proposed redundancies. On Monday it announced 130 jobs in its sales and radio...
Hyderabad-based firm develops Favipiravir bulk drug
Hyderabad-based Raghava Life Sciences (RLS) said it has developed Favipiravir bulk drug (active pharmaceutical ingredient).
West Midlands has big fintech opportunity
The West Midlands has the potential to become a major UK fintech hub if it takes an integrated approach to maximising its advantages, according to a report.
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
HBO Max is here to take on Netflix. Is it too late?
AT&T’s streaming platform goes live on May 27. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.
Stock markets mixed as China-US tensions return to fore
Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world.
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
Vadodara civic body announces 10% property tax rebate to tide over crisis
Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Coronavirus lockdown: JSW Sports, owners of IPL and PKL teams, see 30% impact on business in 2020
The impact of not having IPL this year will be big as the league is a massive P&L (profit and loss statement) for the company, said the JSW Sports CEO
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
France expects economic slow-down by 20% in Q2
French gross domestic product in the second quarter of 2020 is forecast to drop by massive 20%, according to the country’s official INSEE statistics as reported by The Guardian.
'We shouldn’t be in a hurry to name coronavirus-affected MPs – Speaker
The Speaker of Parliament, Professor Aaron Mike Oquaye, has said nobody can unilaterally disclose the health status of another except the individual voluntarily does so.
Teaching people to fish
What’s in a number? For some, it means a lot. For others, it reveals nothing. The reality, however, lies somewhere in between.
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
India to maintain its position along the LAC with China, decides to deploy more troops
In at least four locations the soldiers of the People’s Liberation Army (PLA) have transgressed by about 3 km into Indian areas.
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Coronavirus wrap May 27: West Bengal starts buses on 40 routes; UN says pandemic creating 'lockdown generation'
A total of 6,387 new cases of coronavirus infection and 170 deaths were reported in a 24-hour span till Wednesday 8 AM, according to ministry's data.
Used cars: Leasing companies will have to ‘work harder’
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Most viruses do not spread easily on flights: CDC
Most viruses do not spread easily on flights: CDC. The CDC guidelines do not recommend following social distancing between 2 passengers inside a plane or keeping the middle seat unoccupied.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
First Fishrot case bail ruling due next week
FORMER Investec Asset Management Namibia client director Ricardo Gustavo, who is one of the six men charged in the Fishrot fishing quotas corruption case, is due to hear on 3 June if his application
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
COVID-19: West African Traders Losing 30 Per Cent Of Produce To Movement Restrictions
Although governments across the region have said food items are among a list of essential items that can move freely, a senior research fellow at the International Food Policy Research Institute, Antoine Bouet, said most of the trade in the country are done informally and in small quantities.
PIA plane crash: Federal government to compensate Model Colony residents
Governor Imran Ismail says without conclusion of an official probe into the PIA plane crash, no one could be held responsible
Bid to expand Canterbury coal mine meets stiff opposition
Hundreds of people are opposing a plan to expand a Canterbury coal mine. Bathurst Coal Ltd has applied to expand its opencast mine, known as...
COVID-19 likely to deepen salary crisis in GHADC
TURA: With the ongoing Covid-19 pandemic crisis in the state, agony of the employees of the Garo Hills Autonomous District Council (GHADC) who are yet to be paid their pending dues for over 24 months, is likely to get compounded as there is no certa
GIS arrests notorious recruitment scammer
The Western Region Command of the Ghana Immigration Service (GIS)has arrested a 53-year-old Ghanaian residing in Takoradi, one Kojo Sakyi, for allegedly defrauding scores of unsuspecting youth under the pretext of securing them jobs within the Service.
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
India should avoid understanding Beijing through 'biased' US lens, says Chinese strategic analyst
In the article, he also accused India of starting the latest standoff, alleging that it was a
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
House of Reps to NDDC IMC: Blackmail won’t stop us from probing you
The Chairman of the Committee, Hon. Olubunmi Tunji-Ojo, gave the assurance while addressing newsmen in Abuja in response to various allegations levelled against the National Assembly and himself by Dr. Cairo Ojougboh, IMC Executive Director, Projects, on a television station on Monday
Floor trading resumes at NYSE, with masks and plexiglas
New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.
Tom Homan to urge Trump to challenge New York law criminalizing cooperation with federal immigration authorities
Former Immigration and Customs Enforcement acting Director Tom Homan plans to lobby President Trump to have the Justice Department challenge a New York law making it a felony for law enforcement to assist federal immigration authorities.
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
DC inspects ongoing dev projects at Baramulla
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Kansas Governor Vetoes Bill Limiting Her Covid Emergency Powers
Democratic Kansas Governor Laura Kelly vetoed a bill Tuesday that would have limited her authority to respond to the Covid-19 emergency.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Boston-area zoos plan to reopen; virus cluster in Worcester
Two Boston-area zoos are planning to reopen, but with new safety protocols in place to prevent the spread of the coronavirus.
US donates additional $44 million to Jamaica's COVID-19 response
The United States Government has committed an additional $44 million (U...
Musona set to secure permanent KAS Eupen deal
ZIMBABWE Warriors captain Knowledge Musona is set to make permanent his move from Belgian giants Anderlecht to fellow topflight side KAS Eupen in the next days, Belgian media reported on Tuesday.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
Tesla cuts prices by as much as 6% in North America to boost demand
Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power.
Haryana CM stresses water conservation, crop diversification
Haryana Chief Minister Manohar Lal Khattar on Tuesday said the State was making policies to save water and had sought farmers' suggestions and feedbacks. Expressing concern over falling groundwater level, he said while interacting with farmers in Kurukshetra town that it had reached below 40
XpresSpa Pivots To Coronavirus Testing At New York’s John F. Kennedy Airport
The pilot concept paves the way for the company to enter the medical sphere and widen its reach within the health and wellness segment.
Navy admiral submits results of probe on virus-infected ship
The Navy's top admiral on Wednesday received the results of an internal investigation into the spread of the coronavirus aboard the USS Theodore Roosevelt and the firing of the aircraft carrier's skip
ICC Board Meeting: World T20 to be postponed to 2022, October window for IPL
The decision, if it is formalised, owing to the COVID-19 pandemic will give members a chance to chalk out their bilateral blue-print in the coming months.
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
Hairdressers head to court today over level 3 restrictions
With level 3 regulations set to come into effect next week, those in the hair and beauty industry are still not being allowed to fully operate.
BRPs stop SAA flights before they even take off
In a statement on Tuesday, SAA said it would resume operations between Johannesburg and Cape Town from mid-June.
Survey for jobs to all labourers starts
The survey has started in the State from today to ensure employment to all the labourers who have returned to Madhya Pradesh as per the wish of Chief Minister Shivraj Singh Chouhan. After surveying the labourers of Madhya Pradesh returning to other States, they will be linked to the Sambal Yojana
GHADC staff file contempt notice in HC
SHILLONG: The Non-Gazette Employees’ Association of the Garo Hills Autonomous District Council (GHADC) on Tuesday filed a contempt case against the Chief Executive Member and the Secretary of the Council in the High Court of Meghalaya for non-payment
Openview – now powered by 2 million homes
The future of free-to-air satellite TV.
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
Tech reboot in store for EU as plans recovery from crisis
Tech reboot in store for EU as plans recovery from crisis
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
Electric vehicle makers battle the COVID-19 pandemic
Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.
Skiing is back in Colorado for lucky few with reservations
Skiing is back in Colorado after a more than two-month closure caused by the coronavirus, but only a few have been lucky enough to score reservations at the only reopened resort in the state.
Disney to present reopening plan for Walt Disney World
LOS ANGELES, May 27 — Walt Disney Co will present its proposal for a phased reopening of its Orlando, Florida, theme parks to a local task force today, the company said in a statement. Disney closed theme parks around the world starting in January to help prevent the spread of the novel...
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
MLAs slam KHADC move to levy transit fee
SHILLONG: Four Congress MLAs - HM Shangpliang, PT Sawkmie, George Lyngdoh and Kimfa Marbaniang - have shot off a letter to the chief minister lamenting the decision of the Khasi Hills Autonomous District Council (KHADC) to levy a transit fee of Rs 45
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
US company trials vaccine candidate in Aus
Canberra: A US biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year.Novavax will inject 131 volunteers in the first phase of the trial testing the
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Tyre fire arson: Man 'snapped' and torched pile
A man who lived across the road from a giant, illegal pile of 400,000 old car tyres in Canterbury "snapped" and torched them, a court heard today.
TUC fights Trade Fair Company over ‘illegal’ mass layoffs
Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
How China’s tensions could be good for Hong Kong’s stock exchange
Beijing’s planned imposition of a national security law has sparked renewed protests in the territory. But prospects for the HKEX are brighter than they might at first seem.
Digital Maturity Is Critical To Business Success – Now, More So Than Ever – Survey Finds
A new survey by Deloitte finds a connection between digital maturity and the financial performance of companies. Here we look at the key insights from the survey and speak with Deloitte’s chief innovation and digital officer Ragu Gurumurthy.
Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
Glenmark gets USFDA nod to market generic drug for muscle pain
Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.
CMU to miss report deadline due to auditing delay
OFFICIALS of the Caribbean Maritime University (CMU) were again put in the hot seat at th...
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
JK Rowling publishes first chapters of new story online
J.K. Rowling is publishing a new story called “The Ickabog,” which will be free to read online to help entertain children and families stuck at home during the coronavirus pandemic.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care
Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in
As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens
The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.
The CDC Has Issued a Warning About Aggressive Rat Behaviour Due to The Pandemic
Rats are growing increasingly aggressive in their hunt for food as restaurants across the US remain shuttered to slow the spread of the coronavirus, the Centers for Disease Control and Prevention (CDC) has warned.
World economic prospects darken, rebound delayed: Poll
With many countries starting to ease lockdown restrictions imposed to stop the spread of the virus, which has infected over 5.5 million people globally
Intel tweaks its stock cooler for the first time in years: still no match for AMD's Wraith coolers and nowhere near good enough for the Comet Lake S i9-10900K
After nearly a decade of rehashing its stock cooler, Intel's finally made substantial (although entirely cosmetic) changes to its stock cooler design for a limited number of Comet Lake S SKUs.
Personal data of 2.9 crore Indian job seekers leaked on dark web: Report
The same threat actor who leaked the Aadhaar card details later dropped details of 18 lakh residents of Madhya Pradesh for free on May 19.
WTI strength fizzles around $34.00, API data eyed
WTI retraces from the highest since March 11 while taking rounds to $33.90 during the initial Asian session on Wednesday. While optimism surrounding a
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
Day Ahead: Top 3 Things to Watch for May 28
Day Ahead: Top 3 Things to Watch for May 28
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Akufo-Addo government to complete 998 SHS facilities by end of July - Abronye DC
Bono Regional Chairman of the ruling New Patriotic Party, Kwame Baffoe (Abronye DC) says as part of measures by his parties government to close the gap in the infrastructure deficit of the nations senior high school system, a total of 998 educational facilities are set to be completed across the country by July this year.
Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry
Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.
Airbus experts from France begin probe into Pak air crash
An 11-member team of technical experts of Airbus aerospace company visited the Jinnah International Airport here and inspected the runway, air traffic control tower and radar control station as part of its initial investigation into the PIA air crash involving its aircraft that killed 97 people,
Panel submits report to end decades-long seniority dispute of KAS officers
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Rain & storm wreak havoc; around 1500 affected
SHILLONG/JOWAI/MAWKYRWAT/NONGPOH: East Jaintia Hills and West Jaintia Hills districts reeled under "unprecedented" floods as heavy downpour coupled with high-velocity winds pounded at least seven districts triggering landslides, washing away roads an
Airlines given $123 billion in state aid – IATA
While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
The cuts come as the commercial airline industry has seen a historic fall in demand.
Covid-19: Catch up to trend-GDP difficult in three years
However, this time around, things could be different, the agency said, alluding to the fact that the loss of GDP this time around could be much steeper.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
Education department IT manager directed $14m work to his own company
'Go-to guy' in Department of Education and Training misused position for more than a decade to direct almost $14m-worth of work to company he owned, IBAC says.
Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
SSC exams: TS mulls special rooms for those from containment zones
Given the prevailing health crisis, the Education Department is planning to have special rooms in examination centres for students from containment areas while appearing for the pending SSC exams.
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
B'pur NGO takes slew of Covid relief measures
Voluntary organisation PREM has taken a slew of initiatives to effectively contain corona virus to save precious human lives and to ensure the livelihood of the poor migrant workers at Bharat Mata Resource Center in village R Sitapur near Paralakhemundi under Gajapati district. Significantly, the
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Nord Stream 2 Operator Says Sanction Threats Are Discrimination Against European Companies
MOSCOW (Sputnik) - Threats to impose sanctions against the Nord Stream 2 gas pipeline project are discrimination against European companies, the project operator, Nord...
Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?
The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...
Unibank completes processing stage of TranzAxis migration
Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.
Daniel Turner: Biden bows to radical left by pledging to cancel Keystone XL pipeline – Americans would suffer
Joe Biden’s energy policies would create disruptive energy shortages, big energy price increases, an increased dependence on foreign countries outside our hemisphere to meet our energy needs, and a massive increase in unemployment in the U.S. energy industry.
World economic prospects darken, rebound delayed: Reuters poll
World economic prospects darken, rebound delayed: Reuters poll
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
Tech companies target temperature-monitoring patches for COVID-19
Could be worn to monitor for elevated body temperatures.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
India facing its worst recession in current fiscal: Crisil
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, Crisil said on Tuesday
A guide to the Nature Index
A description of the terminology and methodology used in this supplement, and a guide to the functionality available free online at natureindex.com.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track
The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.
‘Schools at high altitude to be temporary relief centers’
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
KU Athletics imposing new pay cuts, furloughs to cut costs
The University of Kansas athletic department has imposed pay cuts and furloughs for all employees in response to financial problems caused by the coronavirus pandemic.
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
Stock markets in retreat as China-US tensions return to fore
Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed optimism over the gradual reopening of economies around the world.
Abofu residents live in fear of imminent floods
Residents of Abofu, near Achimota in Accra, say they are living in fear of imminent floods as the Hydrological Services Department (HSD) has deferred to September, its intended rehabilitation of their stretch of the Odawa drain.
Missing power goals again! Thermal plants all set to miss 2022 pollution target
With two years to the deadline, just 97 GW of the coal-fired capacity is in compliance with particulate matter (PM) standards, while upgradation is underway in 14 GW and a mere 16 GW of capacity is in compliance with SO2 norms.
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
‘Complete syllabus with online classes’
Chief Minister BS Yediyurappa has directed the Higher Education Department to complete the syllabus by conducting online classes.
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
How to vote in US elections if residing outside country
Q. I am an American citizen and currently live in Jamaica. Can I vote in the November 202...
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
Rand falls as Sino-US friction dents risk appetite
At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.
'Milestone' pay deal reached for teacher aides
The Ministry of Education and NZEI Te Riu Roa have agreed to settle an historic pay equity claim for teacher aides.
Temple coffers and compassion
In the last fortnight, there was a piece of news from Tamil Nadu, which pertained to 47 rich temples in the context of Covid-19.
SC issues notices to Centre, Assam on plea against delimitation process based on 2001 census
A bench headed by Chief Justice S A Bobde agreed to hear the plea seeking quashing of this year's February 28 order which
Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices
The commission only held the Sugar Advisory Board responsible for taking any action
Restaurant association questions allowing reopening of places of worship
CEO at the Restaurant Association of South Africa Wendy Alberts said the industry was suffering.
Two held for swindling Rs 48L through chit fund company
Two persons were arrested for swindling Rs 48 lakh on the pretext of doubling the money within 15 days, police said here on Tuesday. The accused had created a phony chit-fund concern, ‘The Future Company’. They claimed it to be a chain-marketing company which could double
State hosts forums for businesses planning to reopen
State officials have planned a series of virtual forums this week for the owners and operators businesses that will be allowed to reopen next week as Rhode Island's economic restart continues.
Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%
Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.
JP Morgan to deploy Calastone tech for automated settlement
JP Morgan has signed a partnership agreement with Calastone which will see it deploy the latter’s technology to enhance its settlements processes.
Ministry boosts Khomas agriculture
THE Ministry of Agriculture, Water and Forestry has donated breeding stock to vulnerable communities in Khomas to generate income and ensure food security.
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Morgan Stanley Tip Westfield Malls Best Set To Recover
Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.
Why Trump must suspend temporary worker programs
Immigration is fundamentally a labor issue, and given the employment situation the country needs to rethink the current policy of allowing in very large numbers of foreign workers.
CM KCR calls for austerity measures
Pointing out that the income from transport, registration and other departments was not something to write about, CM KCR said the State will have to make do with whatever meagre income it was generating
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Ultra Music Fest Hit With a Class Action Over Refusal to Issue Ticket Refunds
Two Florida residents are suing Ultra Music Festival for refusing to give refunds for their 2020 cancelled electronic music festival.
Nursing home residents warned about giving up coronavirus relief funds
Nevada Attorney General Aaron Ford is warning families to be cautious amid reports of nursing homes attempting to take coronavirus relief payments from their residents.
How Afrihost launched a winning lockdown campaign
Afrihost’s work-from-home campaign shows why it is so popular among consumers and its own employees.
Torrential rain uproots 50 trees and 40 electricity poles, cuts power supply in Bengaluru
Heavy rains, coupled with thunder, lightning and gusty winds, lashed Bengaluru and the surrounding districts on Tuesday, bringing down dozens of trees, electricity poles and flooding low-lying streets.
Trade War 2.0 or worse? Trump strips Hong Kong of it's special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
Grants diversified for community and creative groups during lockdown
News from WCC Community and creative groups have had to adapt and diversify during Covid-19, which was reflected in the applications for funding approved by Wellington City Council this week.
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."
L&T delivers critical nuclear power plant equipment to global customers during lockdown
The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
Aviation services on path to normalcy
Mumbai operates 44 flights out of the allocated 50, catering to 4,224 passengers
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Trade War 2.0 or worse? Trump strips Hong Kong of its special trading status, dramatically escalating US-China tensions
In a move that will almost certainly have an impact on global consumer tech supply chains, US President Donald Trump's administration dramatically escalated simmering tensions with China by revoking Hong Kong's special trade status.
Mumbai finally restored to home delivery of liquor
One in two orders placed for home deliveries of alcohol in Maharashtra came from Mumbai this week.
S&P 500 rises on boost from bank shares
S&P 500 rises on boost from bank shares
Mkhize clears up level 3 lockdown confusion
Health minister Dr Zweli Mkhize has provided clarity on South Africa’s planned move to level 3 lockdown on 1 June.
South Africa should revisit alcohol regulations: ANC’s Duarte
Deputy secretary-general of the ANC Jessie Duarte says that South Africa should reassess its policy in terms of the regulation of alcohol ‘with or without the Covid-19 threat’.
ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
India’s GDP growth seen at 1.2% for Q4 Financial Year 2020
Country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown.
Hogan: Maryland to move to full stage 1 virus recovery plan
Maryland will fully implement the first stage of its coronavirus recovery plan later this week, Hogan said Wednesday, allowing outdoor dining at restaurants while further lessening some restrictions o
Data leak on UIF COVID-19 relief scheme website
The Unemployment Insurance Fund has made changes to the website for its Temporary Employer-Employee Relief Scheme after a security researcher reported a data leak.
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
Ask the expert: how can I improve my success rate creating partnerships?
In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses.
Wyndham welcomes 11 new-build US properties in first quarter
Over 25 new-build hotels were also signed over the same period, and another ten began construction…
Harare man jailed for conning Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.
African Development Bank President, Adesina, Maintains Innocence Despite Calls For Probe
The United States Department of Treasury had called for an independent of the allegations against Adesina despite the AfDB clearing him of all wrongdoing.
Planning to invest now? Here’s how you can build a Rs 5,00,000 ‘Atmanirbhar' portfolio
Investors should ideally place small amounts in different sectors to take advantage of the multiplier effect which the economic package could have over a period of time.
354 domestic flights soar the skies on day 3: Aviation minister
354 domestic flights soar the skies on day 3: Aviation minister. Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.
A Tropical Disturbance Soaked Miami With Six Inches Of Rain In Two Hours
After soaking Miami with more than half a foot of rain in just a couple of hours, a tropical disturbance will move up the coast on Wednesday and bring a threat for flooding and tornadoes to the Carolinas.
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
Ilhan Omar: Israel has too Much Influence on Trump Administration
Rep. Ilhan Omar compared Israel with Saudi Arabia in an interview, saying both countries used money to influence the Trump administration.
$20 trillion recession to come? Impact of Coronavirus on the world economy
Of course, there was no way that anybody could have predicted what was to come in terms of the global shutdown caused by the COVID-19 pandemic.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
Court restrains minister, DPR, from revoking field in OML 95
A court has granted the order of interim injunction against the respondents following an ex-parte application over OML 95.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Canadian man receives package ordered 8 years earlier
May 27 (UPI) -- A Toronto man said he was surprised and confused when a package showed up at his home containing a product he had ordered eight years earlier.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Thai parliament urged to pass record US$60 billion coronavirus stimulus bill
Thailand's premier on Wednesday urged parliament to approve the kingdom's biggest-ever stimulus package to revive an economy battered by ...
MPs' fury as betting giant dodges £3.5million fine for death of addict who was given a £400 'bonus' just hours before taking his own life
Chris Bruney, from Sheffield, took his own life hours after being plied with £400 of bonuses by staff at online casino Winner.co.uk, owned by Playtech.
Japan enacts law toughening regulations on tech giants
The Diet enacted a law Wednesday requiring major technology companies to be more transparent, falling in line with other countries in toughening regulations on industry giants such as Google LLC and Amazon.com Inc. Companies that operate e-commerce websites and apps will be required to submit reports on their business practices…
Flying high: SAA rescue practitioners defend their R30m fees
Rescue practitioners Siviwe Dongwana and Les Matuson have come under fire for the R30m in fees that they have invoiced and the R10bn spent on restructuring SAA since it was placed under business rescue on 5 December 2019.
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
Only 49% of Americans Say They Would Get COVID-19 Vaccine - Poll
As scientists around the world race to develop a vaccine for the COVID-19 novel coronavirus, a new survey has found that less than half of American respondents would be...
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
Official Says Pentagon Could ‘Rapidly’ Prepare New Nuke Test as US Exits Open Skies Treaty
As the US exits a key, confidence-building international treaty, a top Pentagon official has stated the US is capable of preparing a nuclear weapons test in just...
What you need to know about paying your Local Property Tax
The year 2020 is bringing a lot of changes for the Local Property Tax. Here's everything you need to know in simple terms.
India: Largest Private Port Operator Partners TradeLens to Deploy Blockchain in SCM
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator has partnered with blockchain-powered digital container logistics platform TradeLens to optimize its port operations and improve supply chain management (SCM).
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
Locusts swarm UP and Maharashtra, high alert in Punjab; Government to deploy drones
About 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now, the agriculture ministry said.
FG to ammend National Endowment for the Arts Act
The Federal Government is to ammend the Act establishing the National Endowment for the Arts, to better meet the demands of the creative..
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
AfDB:I maintain my innocence on allegations – Adesina
Adesina said this in a statement he personally signed and issued on Wednesday.
Manohar to step down as ICC chairman after current term
International Cricket Council (ICC) chairman Shashank Manohar is to step down when his term ends this year, the governing body said on Wednesday.
Olympic chief Bach consults with IOC members over virus fallout
Olympic chief Thomas Bach on Wednesday held a series of talks with International Olympic Committee members on the potential consequences of the coronavirus pandemic that has seen the Tokyo Games pushed back a year to 2021, sources said. Bach was to address the 100 IOC members in three different sessions…
Russian fighter pilot seen through the window as jets fly dangerously close to US patrol aircraft AGAIN
RUSSIAN fighter jets were spotted flying dangerously close to US military aircraft over the Mediterranean Sea on Tuesday. The two Su-35 aircraft “unsafely intercepted” a P-8A Poseidon patrol aircra…
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Military airstrike kills 30 bandits in Zamfara
The Coordinator, Defence Media Operations, Major General John Enenche, disclosed this in a statement on Wednesday in Abuja.
Tradewinds making a comeback today | Honolulu Star-Advertiser
The tradewinds are expected to make a comeback today, strengthen to moderate to locally breezy levels tomorrow, forecasters said, and remain through the weekend.
Netflix sued by immigration detention center operators over use of logo in 'Messiah'
A private company that operates some U.S. prisons and detention centers is suing Netflix over the use of its logo in negative scenes depicting squalid conditions in immigrant detention centers on the show 'Messiah.'
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Eastern Airlines has helped thousands of stranded Americans return home
Small companies can do big things.
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June
Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.
Living on a prayer: Concerns as places of worship prepare to reopen their doors
The president’s announcement that places of worship can resume services under strict conditions during lockdown Level 3 has been met with strong and mixed opinions. The big question is, how will worshippers gather safely without spreading the coronavirus?
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
2,700 PATH families to get financial assistance
Approximately 2,700 families on the government’s Programme of Advancement Through Health and Education (PATH) are to receive financial assistance as a part of the United Nations (UN) Secretary General’s COVID-19 Multi Partners' Trust Fund (MPTF).
Egyptian government prepares new economic stimulus package
CAIRO: The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism
Stock Market Wrap-Up: Why Tesla's Price Cuts and Beyond Meat's Stock Drop Shouldn't Worry You
The stock market posted another round of gains.
Boeing job cuts start to hit nearly 13,000 workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.
A pharmacist known as ‘the Mask Man’ has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers
A New York pharmacist known as “the Mask Man” hoarded $200,000 worth of N95 masks that he purchased shortly before the coronavirus pandemic hit the United States, and sold them at a roughly 50% markup, prosecutors alleged.
Nissan to Begin Phased Restart of Coronavirus-Halted US Production 1 June - Statement
WASHINGTON (Sputnik) - Japanese automaker Nissan announced in a statement that it plans to reopen two auto assembly and parts factories in the United States beginning 1...
GITAHI: The case for reopening our economy
The economy must be restarted and people given their lives back.
US coronavirus death toll passes 100,000
More than 100,000 people have died from the coronavirus in the US, according to the latest data. The country passed the grim milestone Wednesday, with more than 1.6 million testing positive for the
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Report: USAF covered up incidents of racial bias
May 27 (UPI) -- The U.S. Air Force tried to cover up racial bias in its justice system, a report by an independent advocacy group said Wednesday.
Boeing resumes production of its troubled 737 Max airplane
The plane involved in two fatal crashes is starting back up production.
Thredbo ski resort reopening in June with new social distancing rules
The snow season will look very different this year with capacity halved to allow for physical distancing.
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
Surrey optimistic cricket will resume this summer as club keep an eye on 2021
Professional cricket is on hold until at least July 1.
PH airlines ready to resume flights under ‘new normal’
Philippine carriers are ready to resume passenger commercial flights under the “new normal” as the Air Carriers Association of the Philippines renewed their call for government support.
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again, Business Insider - Business Insider Singapore
Business Insider - A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.. Read more at businessinsider.sg
US Diplomat Stilwell: Appears Beijing is using coronavirus to accelerate political agenda, including on Hong Kong
Amid a slew of comments from the US and Chinese diplomats, David Stilwell, top US policymakers for East Asia recently conveyed his view for the Asian
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
Oyo group backs govt to take N22.5b loan - The Nation Nigeria
An Oyo State-based socio-political organisation, Oyo Kajola Group (OKG), has described the approval of N22.5 billion loan by the House of Assembly ...
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
B.C. legislature coming back June 22 as COVID-19 emergency hits record
Pandemic restrictions now longer than 2017 wildfire emergency
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
Surrey optimistic cricket will resume this summer as club keep an eye on 2021
Professional cricket is on hold until at least July 1.
Surrey optimistic cricket will resume this summer as club keep an eye on 2021
Professional cricket is on hold until at least July 1.
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis
Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.
Broadwind Has Towering Potential And A Not So Towering Valuation
Broadwind's 1Q20 report was stronger than expected. In the wake of the quarterly call we spoke with the company to address a few additional questions we had. We
Need for growing NDB into global development institution: FM Nirmala Sitharaman
In her remarks at the meeting, Sitharaman appreciated Kamath for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS (Brazil, Russia, India, China and South Africa) leaders in 2014.
GITU: Fine-tune reforms to make tea growing worthwhile
Start a reserve fund for marketing Kenyan tea as a quality global brand.
Heroin worth £8.5 million stashed in fruit and nut boxes at Heathrow Airport
Border Force officers found 170kg hidden in envelopes that were concealed in the walls of a consignment of 630 boxes on May 21.
Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis
Most of the reductions will take place this year, according to an internal memo said.
Nationalisation of Reserve Bank: What SA can learn from New Zealand
New Zealand’s handling of policymaking regarding its central bank holds lessons for SA when it comes to plans to nationalise Reserve Bank, writes Hlengani Mathebula.
Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over
The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
SPDR Portfolio S&P 500 Growth ETF's Exposure To Technology Stocks Is Advantageous
SPYG invests in large-cap growth stocks in the S&P 500 Index. The fund’s relatively lower exposure to cyclical sectors is advantageous as the impact of COVID-19
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again
A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.
AUD/USD stretches recovery moves beyond 0.6600 despite US-China tussle
AUD/USD extends the late-US session recoveries while trading around 0.6620 at the start of Thursday’s Asian session. Although concerns surrounding the
Advocates push Ottawa to fix long-term problems with long-term care
OTTAWA - Advocates and experts in long-term health care say now is the time for Ottawa to intervene when it comes to the inhumane treatment of seniors in nu
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
Trump supporters target Twitter employee after fact check
Twitter’s decision to fact check Donald Trump has resulted in mass harassment of one of its employees.
Chevy And GMC Don't Want You To Miss This Incredible Truck Deal
Despite the economic slowdown resulting from the coronavirus pandemic, there is one bright spot: pickup tru...
Teekay LNG: Attractive Long-Term Cash Flow Visibility Will Move The Needle
Teekay LNG Partners reported solid results with record-high Q1 2020 adjusted net income (7th consecutive quarterly increase). Importantly, the TGP IDRs were eli
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting of Shareholders (Transcript)
Exxon Mobil Corporation (NYSE:XOM) 2020 Annual Meeting of Shareholders May 27, 2020 10:30 AM ET Company Participants Stephen Littleton - Vice President of Inves
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Lufthansa refuses to accept EU conditions on $10-billion bailout
Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.
A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers, Business Insider - Business Insider Singapore
Business Insider - The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer.". Read more at businessinsider.sg
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June, Business Insider - Business Insider Singapore
Business Insider - Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.. Read more at businessinsider.sg
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
Wall Street Close: Bulls holding the reigns still and defying gravity
US benchmarks impressed yet again on the bid as a classic case of fear of missing out could well be drawing the less committed, or late decision-makin
Congress has yet to agree on the latest coronavirus relief package, so don’t expect another stimulus check in June
Americans probably shouldn’t count on getting another coronavirus stimulus check in June.
A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers
The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer."
US House votes to send China sanctions bill to Trump’s desk as tensions escalate – CNBC
While adding fuel to the already heated relations between the US and China, CNBC conveyed the news that the US House of Representatives got the votes
Disney Plans Phased Reopening Of Parks For Mid-July
Disney has announced July reopening dates for its theme parks, complete with expected social distancing and cleanliness guidelines.
Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover
Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches
Changing marquees at MGM hotels signal Strip’s reopening
Signs of casino reopenings started to appear Wednesday on the Las Vegas Strip as MGM Resorts International and other companies prepared to begin operations again.
World Rugby rejects invitational tournament proposal to help struggling unions
World Rugby has quickly dismissed suggestions for a major international tournament to be held in England next year to ease the financial impact of the coronavirus crisis.
Gov Cuomo Meets Trump with Infrastructure Wish List for New York
New York Governor Andrew Cuomo met with President Donald Trump to discuss New York's three infrastructure projects for economic recovery.
COVID-19 shows need for long-term-care reform but solve crisis first, Trudeau says
OTTAWA — Prime Minister Justin Trudeau expects to have a comprehensive conversation with Canada's premiers about immediate and long-term reforms of the country's elder care system in light of reports of neglect and abuse of seniors in facilities in Q
Boeing Cuts Jobs for 12,000 Workers in the US
Boeing has been reeling from a drop in demand for aircraft, as travel plunges amid the pandemic and worsens the pressure on the company, which was already in crisis...
IAF gets second Tejas squadron; Air Chief shows the way with solo sortie
Air force chiefs, including Pakistan's recently, often go up for a spin to boost the morale of their fighter pilots.
U.S. Stocks Climb to 12-Week High; Treasuries Drop: Markets Wrap
All you need to know about global markets today.
Police, army yields to Wike’s directive, remove barricade from Ikoku market
The Police and the Nigerian army have yielded to the directive of the Rivers State Governor, Nyesom Wike, on the opening of Ikoku spare parts market after about two months of shutdown.
I've not stepped down as AfDB president, says Adesina
African Development Bank (AfDB) President Dr. Akinwumi Adesina has denied stepping down from office.Adesina, in a statement, said “the bank’s...
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Venezuela reaches deal with U.N. to buy food, medicine with gold -cenbank
CARACAS — Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday.
Orange County sheriff says he won't enforce public mask order
The Orange County sheriff on Tuesday made it clear he will not enforce an order issued over the weekend requiring people to wear cloth face coverings in public.
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Explained: In uncertain times, how search for ‘normal year’ leads to data vacuum
Among Covid-19’s casualties are the postponing of Census operations and undertaking of key official primary surveys necessary for a better understanding of the economy
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
Traffic free zone for Clifton Village sparks concern from businesses
Business leaders fear temporary plans to pedestrians parts of Clifton Village could become permanent - and damage trade
EDITORIAL: Gov. Steve Sisolak lifts more restrictions amid ‘35-day downward trend’
Welcome news for workers, business owners.
Reports | 2020 T20 World Cup likely to be postponed to 2022; India to host 2021 edition
After a meeting with various member boards, ICC have come to the conclusion that they will postpone the 2020 edition of the T20 World Cup, which was scheduled to be played in Australia, to 2022. Meanwhile, it has also been reported that India, as planned earlier, will host the 2021 edition.
Chinese President Xi Jingping orders army to scale up military training, anticipates 'worst case scenarios': Report
Top military sources told Zee News that India has further increased its strength in Pangong Tso and Galwan Valley
Japan quells rumors it will pay for half of visitors' expenses
In tweets, the Japan Tourism Agency said the program under consideration would only cover “a portion of domestic travel expenses.”
EXCLUSIVE: AfDB 'whistleblower' allegations against me false -- Adesina
The president of the African Development Bank Group (AfDB), Akinwumi Adesina, told the bank's ethics committee that allegations of impropriety...
Federal Court says VicForests unlawfully logged rare possum habitat
In a landmark ruling Federal Court delivers scathing criticism of the way Victoria’s state logging agency manages the habitat of two rare marsupials.
Lew jnr to bolster his group with MyHouse acquisition
It could almost be time to head to the clearing house.
£10,000 grant to help to draw up regeneration vision for Staffordshire town
A council has successfully bid for £10,000 to research how to regenerate a Staffordshire town.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
Deficit Monetisation: Government may get RBI to monetise deficit | India Business News
NEW DELHI: The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the … Deficit Monetisation: Government may get RBI to monetise deficit | India Business News Read More »
After shortages, Britain opens new protective equipment supply lines
LONDON: Britain said on Tuesday (May 26) it had agreed deals with more than 100 new suppliers of personal protective equipment (PPE) used to ...
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
Lobbyist register to be tightened after Monsanto case
The EU's joint-transparency register lists thousands of lobbyists and what they spend or earn trying to shape EU legislation. New and clearer rules set for launch at the end of the year may lead to more realistic figures.
Government has come good for the farming sector – Fulton
WESTERN BUREAU: JAMAICA AGRICULTURAL Society (JAS) President Lenworth Fulton has said the Government has come good for the agricultural sector, having set aside J$1 billion in the 2020-2021 Budget to keep the sector afloat amid the onset of COVID-...
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
Singapore fintech firm secures $17M to build out platform | ZDNet
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Ireland could see 'repeated lockdowns and wide financial distress' during three-year recession
The virus may see our national debt soar by 60%
Chinese President Xi Jinping orders army to scale up military training, anticipates 'worst case scenarios': Report
Top military sources told Zee News that India has further increased its strength in Pangong Tso and Galwan Valley
Shops reopening 'vital in battle to save Midlands towns'
The reopening of shops has been welcomed by West Midlands Mayor Andy Street, who said it was "vital" for town and city centres.
Nevada governor green-lights June 4 reopening of casinos; Las Vegas gets ready
Shut down by the coronavirus, casinos get the go-ahead to start business again with social distancing in place.
Private-public sector partnership helps the poor
THE DELIVERY of care packages to several St Catherine communities on Saturday was the culmination of a well coordinated and supported private-public sector partnership aimed at providing relief to some vulnerable persons living below the poverty...
New Jersey Man Charged in Mask Price-Gouging Scheme
Federal prosecutors in New York Tuesday announced the arrest of a New Jersey used car salesman accused of participating in a $45 million scheme to resell respirator masks to the city of New York at wildly inflated prices.
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
Here is what you need to know on Wednesday, May 27: The market mood remains upbeat yet the dollar is attempting to recover after a significant drop on
Construction at lowest level since 2010
While home-building has weakened for a seventh consecutive quarter and is likely to weaken further, other sectors remain 'decent'.
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
Teen creates plane replicas in bid to raise funds for Rotary club
A passion for planes has seen a young apprentice designer do his bit to help a charity.
Chicago to reopen trading floor with masks
New York stock exchange floor traders had to sign a waiver that prevents them from suing the exchange if they are infected there.
IEA: Covid-19 crisis causing biggest fall in global energy investment in history
In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Primark's new rules for when stores reopen
Shops will be allowed to welcome back customers in England from June 15
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Cognizant offers voluntary separation package for US staff as Covid hits biz
New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.
Bushland wins last-minute reprieve from developers
The Federal Court has ordered the developer of a planned housing estate in threatened woodland on the NSW South Coast to halt work.
Munster braced for worst of financial crisis due to Thomond Park debt
Province can’t pay off oustanding €6.9m loan from IRFU with no supporters at the match
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
Predicting the course of US-China relations in the post Covid-19 era
Authors: Ayush Banerjee and Dhritiman Banerjee* The coronavirus pandemic is a natural threat to the geopolitical order. And it is needless to state that this majorly affects the currently international paradigm in a manner that the world has not seen before. Although there have been a few instances where pandemics have shaken the mortality rates, […]
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
Promoter, alcohol vendor under investigation after large, illegal beach parties broken up on Oahu | Honolulu Star-Advertiser
The Honolulu Liquor Commission and law enforcement agencies are investigating two businesses that may have organized and profited from massive parties that violated COVID-19 emergency rules, liquor, and permitting laws, over Memorial Day weekend at Waimea Bay Beach Park and Kaena Point State Park.
Banned Together: Iranian Ships in Venezuela Defy US Blockade
The arrival of the Iranian fuel vessels on the Venezuelan coast shows that there is an alternative to the US-imposed "world imperative", Venezuelan analyst Sergio...
Two officers shot, one flown to hospital after shootout in Anson County, three suspects at-large
The vehicle came to a stop in the Myrtlewood Apartments complex off Myrtlewood Drive. There, the officers and the suspects exchanged gunfire.
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Federal Court picks up torch in Qantas' stand-down test case
The ruling on whether Qantas and Jetstar illegally stood down engineers during the COVID-19 pandemic could have widespread ramifications for companies around the nation.
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”
More Than 450,000 Aussies Under 30 Have Hacked Into Their Super & JobKeeper Is Being Blamed
Kirstin Hunter, managing director of fund Future Super, says support measures don't go far enough.
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
Tory privatisation is at the heart of the UK's disastrous coronavirus response
From PPE to care homes, this crisis has exposed the pernicious role of corporate power in public policy, says Guardian columnist George Monbiot
Historic Shropshire castle could be permanently closed due to impact of coronavirus crisis
One of Shropshire's historic tourist attractions could close for good according to trustees who warn lockdown has reduced its income to zero.
Johnny Ronan plans boutique hotel after paying €3.8m for Dublin docklands houses
Terrace at 34-38 Upper Mayor Street located beside Ronan Group's Project Waterfront site
A's, Dodgers cut employees' salaries amid pandemic
The Los Angeles Dodgers and Oakland A’s announced cost-cutting moves Tuesday in response to baseball’s ongoing shutdown amid the coronavirus pandemic.
Owners of land acquired for link road to New Chandigarh hold protest against administration
Over 50 farmers and their family members on Tuesday held a protest against the land acquisition policy of UT administration.
Bushland wins last-minute reprieve from developers
The Federal Court has ordered the developer of a planned housing estate in threatened woodland on the NSW South Coast to halt work.
Trump urges end to lockdowns as US Covid-19 deaths near 100 000
Even as the United States approached the grim milestone of 100 000 Covid-19 deaths, President Donald Trump is continuing to pressurise state governors to reopen their economies.
Twitter Fact-checker Claimed Trump Admin Are 'ACTUAL NAZIS'; Mocked 'Fly Over' States
Yoel Roth, the Twitter official in charge of its fact-checking policy, has tweeted that members of the Trump administration are "Nazis."
Covid-19 fallout: Lower capex by states to weigh on EPC sector
As a result of the disruption caused by Covid-19, States staring at huge revenue deficits could reduce capital expenditure, thereby impacting the engineering, procurement and construction (EPC) sector
Otago dairy farming company fined $270,000 after worker suffers spinal injury
It was also ordered to pay the worker more than $45,000.
Rs 15,000 crore worth MoUs to be signed in TN today
Even before the lockdown could fully be lifted, Tamilnadu is today set to sign MoUs with multiple companies which are keen to invest in the State. Continue Reading →
Uncovering the atrocious plot to tarnish mr Adesina’s legacy at Africa’s apex bank
The African Development Bank is currently gearing up for another leadership election.The current President, Adesina, is already dealing
If plans fructify, NHPC will become world’s largest floating solar company
So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major prop
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
Asian stock market: Mixed as Tuesday’s optimism fades on fresh US-China tension
Asian equities fail to reprint the previous day’s flying colors as market players fall back upon US-China tussle amid increasing odds of the US sancti
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
UK weather forecast: Britain to be hotter than the Mediterranean with highs of 28C
Britain is unlikely to see any rain until June, adding to concerns the country could be hit with a hosepipe with reservoirs half empty despite major winter flooding
Covid-19: ICMR removes Rs 4,500 price cap for tests, states free to fix cost now
The decision was taken due to availability of indigenous testing kits and other supplies in India now.
Regional pubs snapped up as industry prepares to reopen
The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.
Covid-19 lockdowns: California eases pandemic restrictions, NYSE reopens
While lifting the ban on services at places of worship, the California governor limited the number of people who can gather at one time to 25 percent of a building's capacity
Disney, SeaWorld to present Florida theme-park reopening plans
Walt Disney Co. and SeaWorld Entertainment Inc. will be the next two operators to present their reopening plans to the Orange County task force charged with bringing the region’s tourist economy back following a more than two-month closing due to the coronavirus.
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
GBP/USD: Potential move to 1.2400 on the cards – UOB
Cable could extend the upside momentum to the 1.2400 mark in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterda
UK tells EU: break the Brexit 'impasse' so we can do trade deal
LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
States need to Raise 20 Lakh Crore rupees to Fight Coronavirus -
Union Minister Nitin Gadkari on Wednesday said that in the wake of the crisis arising out of the Covid-19 pandemic,
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Turkish Airlines may delay delivery of Airbus, Boeing planes: Report
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing ...
Tropical Storm Bertha forms, hits South Carolina coast | Honolulu Star-Advertiser
MIAMI >> Tropical Storm Bertha made landfall on South Carolina’s coast today morning shortly after it formed, becoming the second named storm before the official start of this year’s Atlantic hurricane season.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
Ola Electric to launch global electric two-wheeler; buys dutch scooter firm
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Politics Briefing: Major decision in Meng case comes down today
Also: Singh calls for RCMP to investigate conditions at long-term care homes
Suspicions soar as FCTA introduces other phases of palliatives in Abuja
Say No campaign, through its anti-corruption structures, have been monitoring the process of distribution in the FCT, Abuja for transparency and accountability.
‘I’m innocent of trumped-up allegations’ — Akinwunmi Adesina breaks silence
Akinwumi Adesina, AfDB president, says he is innocent and will not allow allegations levelled against him bring his honour and integrity to question.
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
IHCL goes for enhanced safety and hygiene for opening hotel post lockdown
As part of its strategy to open its hotels after lifting of lockdown, Indian Hotels Company Ltd. (IHCL) has decided to use industrial strength disinfectants at common and high-touch areas of hotels li
Brexit: Fishing deal now ‘very difficult’ to achieve, UK’s chief negotiator David Frost tells MPs
Britain “might not” reach agreement with the European Union on post-Brexit fishing access before the June negotiation deadline, MPs have heard.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Report: Local News Stations Run Segments Scripted and Produced by Amazon
According to a recent report, local news stations across the United States have run news segments scripted and produced by e-commerce giant Amazon. Unsurprisingly, the segments were overly positive about Jeff Bezos' company and its employment practices.
Boral faces new class action over US windows strife
Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.
Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday
Shares of cruise industry stocks jumped out of the gate Wednesday -- then dropped anchor.
Go Long On SinoPharm Group's HKEX Ticker 1099:HK
There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc
NAF unveils locally produced emergency ventilators
The Nigerian Air Force (NAF) on Wednesday unveiled emergency ventilators produced by its researchers to support government on the..
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Bangor man (31) caught with 60 cannabis plants spared jail
A 31-year-old Bangor man who was caught with 60 cannabis plants has been spared jail - but warned he will be imprisoned if he breaks a court order.
Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output
MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
First virus-era Chinese expedition measures Everest
A group of Chinese surveyors on Wednesday became the first team this year to summit Mount Everest, where they will try to pinpoint the height of the world's tallest peak using satellite technology.
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
Michel Barnier says EU remains ‘open’ to transition period extension
Talks between London and Brussels stall with sides far apart on fisheries and regulatory alignment
SK Telecom: Still Waiting For Positive Change
SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa
NMA lays foundation for secretariat, as contractor assures on quick completion
Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades
From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.
Fitch Ratings further reduced India’s GDP forecast to (-) 5 per cent
New Delhi, May 27 (IANS) India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
Why You Should Plan to Retire Early Even If You Don't Want to
There's one really important reason.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
BT Buzz: What added Rs 86,000 crore to DRL, Sun Pharma market cap in 2 months?
Approval to explore new COVID-19 therapies, licensing and supply deals to manufacture drugs to treat the virus and fast approvals for plants under regulatory scanner have turned the fortunes of most of these companies
Pompeo says Hong Kong no longer autonomous from China
US News: Secretary of State of Mike Pompeo has notified Congress that the Trump administration no longer regards Hong Kong as autonomous from mainland China. “
Trump job approval falls to 2-year low in Rasmussen poll
President Trump's job approval sank toward a two-year low on Wednesday, according to a survey from the right-leaning polling firm Rasmussen.
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
Navy admiral submits results of probe on virus-infected ship
WASHINGTON (AP) — The Navy's top admiral on Wednesday received the results of an internal investigation into the spread of the coronavirus aboard the USS Theodore Roosevelt and the firing...
Major relief for class 10 and 12 students, can appear for pending CBSE exams from home districts
Pokhriyal said that these students will not be required to travel back and the CBSE will announce the modalities of registrations for such requests.
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades, Business Insider - Business Insider Singapore
Business Insider - From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.. Read more at businessinsider.sg
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
Why Congressional “Oversight” of the Bureaucracy Is No Such Thing
Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
Adesina hits back over graft accusations, vows to continue working
The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption.
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
Shopify Will Remain an E-Commerce Powerhouse
Shopify is capitalizing on this shifting trend in e-commerce as people avoid brick-and-mortar stores. SHOP stock is a strong buy right now.
PCB Against Rescheduling of T20 World Cup: Official
A PCB official, ahead of the International Cricket Council meetings beginning on Thursday to discuss the fate of the World T20, said that Pakistan’s stance will be to push for a wait and watch policy.
Disney, SeaWorld announce plans for Florida parks to reopen
Disney World's reopening plan was approved Wednesday by Orange County, Fla. officials, clearing a hurdle to inviting people back in July.
COVID-19 crisis: IT employees union writes to CM over lay-offs
National Information Technology Employees Senate (NITES) in the letter written to CM on Tuesday said several IT/ITeS/BPO/KPO companies across Maharashtra have started terminating services of their employees without any reasonable cause and withholding or deducting their salaries.
Shop talk: Covid test centres could be opened on high streets to help public with accessibility
Empty shops on Scotland's high streets could be turned into coronavirus testing centres, as the nation moves into the next phase of tackling the virus.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Post COVID-19: We're determined to pass local content bill to boost Nigeria's economy - Reps
The widely expected Nigerian Local Content Development and Enforcement Bill 2020, passed second reading on the floor of the House of Representatives recently.
COVID-19's Final Act And Epilogue
COVID-19 is winding down. MLPs and MLP closed end funds are a bargain. The stock market has upside but there are many risks.
Informa Markets To Launch The Industry’s Largest Digital Tradeshow
Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s
13 YouTube channels to turn yourself from wagecuck to finance god
It seems budgeting, saving, and investing are all the rage nowadays, and that everyone’s joining the FIRE (Financial Independence Retire Early) movement. This is reflected by the increasing popularity of budgeting and trading apps, ETFs (exchange traded funds, baskets of stocks you can invest in to spread your risk), and business news sites. But who […]
Punjab seeks Rs 51,102 crore fiscal stimulus from Centre to overcome economic crisis caused by COVID-19
The stimulus package demanded by the state includes Rs 21,500 crore direct stimulus, CCL debt waiver and 100% funding of Central schemes.
AUD/USD reversal from 0.6680 finds support at 0.6565
Australian dollar’s reversal from 2, 1/2-month highs at 0.6680 has been contained at 0.6565 on Wednesday’s US trading session and the pair is trimmin
Bitcoin’s bounce back over $9,000 masks a potential downtrend
Bitcoin rose as much as 3.7 per cent to $9,190 in New York trading on Wednesday.
US declares Hong Kong no longer enjoying autonomy
US Secretary of State Mike Pompeo declared Wednesday that Hong Kong no longer enjoys the autonomy promised by Beijing, stripping the financial hub of its special status under US law. Hours before Beijing will hold a key vote on a controversial new security law on Hong Kong, Pompeo sent a notice to Congress
Kelly Loeffler and 2 other senators are no longer being investigated for insider trading
Sen. Richard Burr remains under investigation after a search warrant was executed at his Washington, DC, residence.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
City springs back to life with almost all shops open
Managements are strictly following guidelines to prevent virus spread
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
Summer hosepipe ban fears after one of driest Springs ever with less than 3.5in of rain since March
FEARS of a Summer hosepipe ban are growing today after one of the driest Springs on record. The Met Office said that less than 3.5in (86mm) of rain has fallen since the start of March. Reservoir le…
France unveils $8.7 billion plan to rescue ailing car industry
The plan focuses on the production of environmentally-friendly vehicles
Why shut nurses out of decision-making?
Letter:Jane Salvage, a fellow of the Royal College of Nursing, asks why nurses have been rendered invisible in the management of the Covid-19 pandemic
Air Canada to resume flights to Phoenix in August
After nearly a month of closures due to the Covid-19 pandemic, Air Canada has resumed flights to and from the United States, with service to Phoenix Sky Harbor International Airport set to resume in August.
Coffee quality likely to drop as farmers struggle to offload unsold harvest
Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …
Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak
New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 363,800 people across the state as of Wednesday.
Drop in traffic, revenue triggers change in credit rating agency's view of B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
EU pledges aid to Venezuelan refugees impacted by coronavirus pandemic
As Latin America becomes the new epicenter for the pandemic, the EU and Spain sought to raise awareness and aid to help Venezuelan refugees struggling from the migration and health crisis.
Cricket: Preparations continue for T20 World Cup this year, says ICC
The International Cricket Council has told Reuters it is continuing its preparations for the Twenty20 World Cup to be held in Australia in ...
10 Stocks Worth Your Time on Robinhood’s Top 100 List
Robinhood's top 100 list gives us a glimpse into millennial trading habits, but these ten Robinhood stocks should make your buy list.
McDonald’s announces all Irish drive-throughs to reopen on June 4th
High levels of anticipated demand will see each location revealed on morning of opening
Coronavirus job losses creating ‘lockdown generation,’ UN group warns
The United Nation's International Labor Organization issued the grim prediction in a report showing that more than one in six young people have stopped working since the COVID-19 crisis began.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Locusts swarm UP and Maharashtra; Govt steps up control operations, drones to be deployed soon
About 21 districts in Rajasthan, 18 districts in Madhya Pradesh, 2 districts in Gujarat and 1 district in Punjab have undertaken locust control measures till now, the ministry said in a statement. It has been controlled in 47,308 hectare areas so far in Rajasthan, Gujarat, Punjab and Madhya Pradesh, it said.
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
Drop in traffic and revenue triggers change in credit rating for B.C. Ferries
A massive drop in traffic and revenue has triggered a credit rating agency to change its view of B.C. Ferries. DBRS Morningstar has changed B.C. Ferries’ trend to negative from stable, though it . . .
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
Ex-LA council top aide to plead guilty in $1M bribery scheme
LOS ANGELES (AP) — A former top aide to Los Angeles City Council member Jose Huizar will plead guilty to a federal racketeering charge in a $1 million bribery scheme...
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
PR Consulting Shutters L.A. Office
A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.
Nasdaq Today: What's Sending Chip Stocks AMD and NVIDIA Lower Wednesday?
Stocks were largely mixed, but it was a poor day for the Nasdaq in particular.
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
Whole Scottish golf tourism summer season could be lost, claim operators in plea to First Minister
A group of leading Scottish golf operators has made a plea to First Minister Nicola Sturgeon for help from “a clear and present danger” that the entire 2020 summer season could soon be lost.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.
'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic
CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has kill...
Tropical Storm Bertha Hits South Carolina Coast
Bertha's maximum sustained winds were near 50 mph as it came ashore but it was expected to weaken to a tropical depression after moving inland.
7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades
By all measures, the coronavirus pandemic has crippled the United States economy: Unemployment is at record highs, lines for food banks circle entire city blocks, and the rate of business bankruptcies has accelerated.
Budget padding allegation: House of Reps accuse NDDC of deceiving Nigerians
The House of Representatives denied allegations that it is against the ongoing forensic audit of the commission, stressing that it is untrue and misleading.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
Buni to test landing completed Yobe cargo airport
Governor Mai Mala Buni of Yobe state; has said that ‘test landing’ of multi-billion naira Damaturu International Cargo Airport is slated for
US troop strength in Afghanistan down to close to 8,600 ahead of schedule: sources
A key provision of agreement with Taliban involved a US commitment to reduce its military footprint in Afghanistan
COVID-19: EU aims to back struggling south with fiscal shock and awe
Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows, Business Insider - Business Insider Singapore
Business Insider - Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.. Read more at businessinsider.sg
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
Judge rules property fund to pay costs of dispute over warehouse access
Case concerned access to property on Long Mile Road
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
Breaking: No more evacuation of stranded Nigerians abroad for now — FG
Federal Government has on Wednesday said that it has stopped evacuating stranded Nigerians abroad. Giving Geoffrey Onyeama,
Enel Expands Renewable Energy Platform In US & Chile
Enel began as a utility company in Italy, but it has expanded its presence into a total of 30 countries. Today, its Green Power subsidiary is one of the largest investors in renewable energy in the world and it is growing bigger all the time. This week, the company announced its Green Power North America
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
PCB voices against postponement of T20 World Cup, says a ‘domestic event’ like IPL cannot be given priority
The Pakistan Cricket Board (PCB) has said it would not support any move to reschedule this year's T20 World Cup to 2021 as it would hit the entire international calendar.
British diplomat still missing after going for a jog three weeks ago
He had been due to take up the position of British High Commissioner to Fiji in July.
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
Can Marathon Oil Ever Get Back to $30?
Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?
Amazon provides free COVID-19 health insurance for its sellers
Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
SA plans R350-billion infrastructure fund, including for broadband
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
What will downtown Kampala look like post-COVID?
The multitude of trucks, boda bodas, human traffic and bustling business that populated this part of Kampala were gone.
Banks, financial stocks help Sensex, Nifty rise over 3%, check what propelled the rally on D-Street
Axis Bank was the top Sensex gainer, ending the session with a growth of 13.46 per cent. While Sun Pharma was the top Sensex laggard, after reporting Q4 earnings which were below expectations
Stock indexes rise on optimism of recovery, shrink back
US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained
Virus could cost SA five years of potential output
Reserve Bank ready to step in with a ‘variety of additional tools’.
Louisiana House members advance spending bills that use federal money to avoid deep cuts
The Louisiana House of Representatives on Tuesday approved a $30-billion-plus state operating budget that uses federal pandemic relief funds to make up for most of a projected billion-dollar revenue shortfall.
Twitter Strikes Fair Balance Between Liberty and Lies
Social-media platforms shouldn’t try to be truth police, but they should (and do) hold presidents to account.
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
Mercury nears 50-degree mark in Delhi, Rajasthan; IMD says no immediate respite in sight
India News: Parts of northern and western India reeled under scorching heat on Wednesday, with temperatures hovering near the 50 degree-mark in Delhi and Rajastha
Delhi HC sets aside orders by MoC where it invoked bank guarantees of TSIL
The court has ordered that MoC shall provide TSIL the comments received from the concerned State Government(s) on the aspect whether the delay in achieving the milestones is attributable to TSIL
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
Boeing slashes 12,000 jobs as virus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.
Cause to celebrate Africa Day amid a lack of energy access
Africa Day, an opportunity to raise awareness on how diverse each African country is and the importance of this diversity in doing business in each region.
Pompeo says Hong Kong is no longer autonomous from China, which could mean the US ends the city's special trade status
"No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground," Pompeo said.
Arunma Oteh defends Adesina over allegations of fraud at AfDB
US treasury secretary, Mr. Steven Mnuchin, rejected plans by AfDB's board to end the investigation against Akin Adesina and called for an independent probe.
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
Japara flags major impairment,says conditions are tough
The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
Radical steps for protection of migrant labour; best way to push demand and employment opportunities
Our capitalist-feudal system views labour as a factor of production and not human beings.
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
New York governor floats infrastructure projects to reboot economy
NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
AUD/JPY: Bears getting set for potential major sell-off
AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data
NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the
Amtrak requests additional $1.5B in federal funding for coronavirus relief
May 26 (UPI) -- Passenger railroad service Amtrak on Tuesday asked Congress for an additional $1.5 billion in federal funds to help it maintain operations amid the effects of the COVID-19 pandemic.
France unveils US$8.8b plan to revive auto sector through electric cars
ETAPLES, France: President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry ...
'Our greatest challenge': How to rebuild the ACT's virus-struck economy?
As business start to reopen and the ACT takes its first tentative steps on the road to recovery, The Canberra Times canvassed the views of politicians, academics, economists and industry groups on the best approach to rebuilding the economy.
Surge of financial aid has HALO service ‘optimistic’ about short-term future
Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy
Lockdown 4.0: Here's a proposed map for the state government to reopen Mumbai
Risk of infection remains and its spread cannot be contained but one has to learn to live in a new environment.
Empty Steel Canyons In NYC As Commuters WFH?
One victim of the pandemic might be the daily commute. Nowhere is that more apparent than in New York City, where inbound suburbanites are critical to the local economy.
ANU cops $225 million financial hit due to coronavirus crisis
The Australian National University will look to find $100 million in savings this year.
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
More peacekeeping operations, fewer troops in 2019: Report
The number of multilateral peace operations, both by the UN and others, rose by just one to 61, according to a report by the Stockholm International Peace Research Institute (SIPRI).
Canadian soldiers witness 'deeply disturbing' scenes in seniors' residences: PM
OTTAWA: Canadian soldiers helping to manage the coronavirus outbreak in seniors' residences have witnessed some "deeply disturbing" scenes, Prime ...
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
NZ facing worst downturn in 160 years: central bank
If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.
Presses start rolling as weekly newspapers prepare to publish again
THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.
Immigration recruitment: Ex-minister, fugitive businessman know fate tomorrow
Justice Nnamdi Dimgba of the Federal High Court, Abuja will decide on Thursday whether Patrick Abba Moro, Drexel Global Tech Limited ...
What Commuting in Delhi Metro Post Lockdown 4.0 May Look Like? When Are Services Resuming?
Further, strict social-distancing will be practised inside the trains. The commuters will be required to be seated alternately. This will be monitored by DMRC official, Metro staff members to check for violations, the report by leading daily read.
The book you need if you want to understand China right now
As China-US relations deteriorate, a new book argues Washington and its allies should engage with Beijing instead of provoking it.
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities
SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...
The Sector Back From the Grave
While the S&P has been soaring, there's one sector (other than tech) that's crushing it ... and you probably haven't been paying it any attention.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
Why quant legend says it's 26 days to a new normal
A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
N.L. warns of exodus of oil and gas industry without more federal help
ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.
US military accuses Russia of sending warplanes to Libya in support of anti-govt mercenaries; Kremlin denies claim
The deployment of the fighter jets appeared to confirm Russia's deepening role in the sprawling proxy war, where its Libyan ally, commander Khalifa Hifter, suffered a series of major losses last week that dealt a heavy blow to his campaign
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
More people are heading into shopping centres as coronavirus restrictions ease in Australia.
It’s increasingly clear our tough road ahead has no end in sight
There’s no indication of when businesses will be able to reopen again, and it may be that we are entering the Dark Twenties
Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more
Here are the top 10 business headlines on Wednesday morning
Countries ease coronavirus lockdown after months of lockdown
Iran cafes are on after 2 months, whereas, Sri Lanka relaxes COVID-19 curfew in Colombo and Bethlehem Nativity Church reopens
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
How much will be enough when it comes to Canada's COVID-19 supply?
OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's. . .
ATO flags regional office closure
The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.
UK weather: How hot will it get this week?
Here's the latest forecast from the Met Office
Passenger on Delhi-Ludhiana Air India flight tests positive for coronavirus, 40 others quarantined
A passenger on a Delhi-Ludhiana Air India flight on Tuesday tested positive for coronavirus. Air India has said 36 passengers and 4 crew members have been quarantined in Punjab.
Money Matters
Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue
‘Call taxis ready to install fiber glass partition and ply’
The association said about 25,000 drivers have been struggling to make ends meet owing to the lockdown.
Food in a Tinderbox
The restaurant industry is close to irreparable damage. Can it be saved?
GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business
schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Walmart Goes Full-Throttle on Resale With ThredUp
As part of an ongoing mission for fashion dominance, Walmart enters resale.
The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional
The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.
Super Eagles: Sports Ministry moves to replace Rohr with Redknapp
It has been three years since the former Tottenham boss was last in the dugout after leaving Birmingham in 2017.
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
IAF To Operationalise No.18 'Flying Bullets' Squadron At Coimbatore With 4-Gen LCA Tejas Aircraft
A PIB (Defence Wing) release stated that the IAF Chief, Air Chief Marshal RKS Bhadauria, will operationalise the squadron 'Flying Bullets' at the Sulur Air Force Station near Coimbatore later in the day.
In a Tight Corner
States finally have headroom to borrow more from the market. But there's a cost to it
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
UK weather forecast – No more rain until JUNE as country on track for driest May since 1896
A NEW record of the direst month of May on record since 1896 is about to be hit in England, according to the Met Office. With no wet weather forecast until June, this Spring is also likely to be cr…
Governors meet Wednesday over financial autonomy for states’ judiciary, legislature
The Nigeria Governors’ Forum (NGF) will meet on Wednesday to discuss the issue of financial autonomy for the states’ judiciary and legislature ...
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
400 Hawaii National Guard troops coming off coronavirus duty | Honolulu Star-Advertiser
The number of Hawaii National Guard troops on federal active duty for the coronavirus pandemic will drop early next week from 1,200 to 800 as part of a Pentagon “right-sizing” and “hard stop” planned June 24 for the deployment of almost 46,000 citizen soldiers nationwide, officials said.
Amazon-backed Rivian reopens factory to build parts for upcoming electric SUV
Amazon-backed electric car startup Rivian, has reopened its factory following a temporary shutdown in response to the coronavirus pandemic.
Excerpts: When Afghanistan was still considered the 'just war'
My arrival coincided with a season of returns. Before I came to Kabul, I had met Afghan refugees who had fled during the Taliban rule to Delhi. They had been part of an exodus that commenced in the 1970s, at the onset of the country's spiral of conflict.
Reports | BCCI emerges as front-leader as boards agree to send Shashank Manohar off
As the situation turned dire with Shashank Manohar bringing a case against England and Wales Cricket Board, the ICC directors have agreed not to extend the Indian’s tenure further. A board director has further revealed that it is time India becomes the world leader once again for their resources.
Morrison is chasing votes at the expense of exports
We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Cab, bus operators transporting migrants illegally
Multiple FIRs have been registered, says Gurugram Deputy Commissioner
How Can Architecture Combat Flooding? 9 Practical Solutions
We delineate nine measures that architects can use to mitigate the negative effects of flooding on homes and other buildings in flood-prone areas.
Car buyers falling victim to vehicle sales scams
Consumers who want to buy cars should make sure that they deal with a legitimate car dealership to avoid being victims of scams.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
A Tech Billionaire May Find Use in a Cold War
Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.
Tesla = #1 In Brand Loyalty In Norway & #16 In Customer Satisfaction
By Johnna Crider & Zach Shahan A new study has found that Tesla has the highest brand loyalty in Norway. Additionally, the Norwegian news site Dagens Naeringsliv shared that despite Tesla falling a bit in Norwegian customers' eyes in early 2019 in terms of overall customer satisfaction (a different category from brand loyalty), the company is now
Sainsbury's massive sale starts today with clothes for £1
Sainsbury's up to 70% off sale launches across stores today with huge savings to be made
Covid-proof Equity MF
The disruption across sectors demands a review of your equity mutual fund schemes
Business will be the loser in the US-China fight
Both nations are indispensable, so companies face a two-track world
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
Gas leak: SC allows LG Polymers to send 30 staffs to maintain safety at its sealed Vizag plant
New Delhi: The Supreme Court on Wednesday allowed LG Polymers India Ltd to send its 30 employees to maintain 'round the clock safety measures' at its sealed plant in Visakhapatnam where the gas leak...
Concept of Transferrable College Credits
Education News: Isha is a bright student in first year B.Sc. at the Dehradun University. Her father is in a bank and gets transferred to Mumbai. Isha wants to reloca
Coronavirus in Ballarat: Parents confused over playgrounds reopening
People were spotted using the new outdoor gym equipment on Wednesday morning
VICTOR JOECKS: Churches, DOJ push back on Sisolak’s discriminatory ban on worship services
Gov. Steve Sisolak’s lockdown orders have been unconstitutionally discriminatory against places of worship.
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
7 Big Little Lies Of The Modi Government’s Coronavirus Economic Relief
HuffPost India spoke to experts and read the fine print to find the Modi government has failed to put its money where its mouth is.
Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down
Chancellor Rishi Sunak will reportedly ban firms for furloughing extra staff as the government looks at winding down the scheme. He is also due to announce later this week how much employers will need to contribute to the scheme from August.
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
ByteDance Hit $3 Billion in Net Profit Last Year
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript
Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J
Quarantine-Free Flights From Australia Could Start Within Weeks
An air-travel corridor between Australia and New Zealand could be trialed within weeks, a key test of how international flights worldwide can resume while the coronavirus threat remains.
Covid-19: China’s industrial firms profits fall in April but at slower pace
Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.
US Treasury pressure leads to new probe of African Development Bank chief
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.
Drug wars: how AstraZeneca overtook GSK in UK pharma
With new cancer drugs and a vaccines partnership with Oxford university, AZ’s turnround has boosted the industry in Britain
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
EUR/USD range play continues ahead of Lagarde speech, EU summit
While EUR/USD registered gains on Tuesday, the ascent stopped just short of 1.10, keeping the multi-week trading range of 1.1019-1.0727 intact. At pre
Walmart teams with ThredUP to sell used clothing online
NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.
Cancelled Hopes
As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business
Irish Man Charged With Wildlife Trafficking Extradited to Texas
Federal prosecutors announced Tuesday that an Irish man accused of trafficking endangered black rhinoceros horns from Texas to New York City was extradited to the Lone Star State.
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Industrial land ready in Maharashtra for business operations: Subash Desai
The Maharashtra government has kept ready 40,000 acres of industrial land along with all amenities, including road connectivity, for companies to come in and start their business operations, State In
Coronavirus update: Germany virus reproduction rate drops further to 0.70
According to the latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cas
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
GBP/USD: Off two-week top under 1.2400 amid US dollar pullback
GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.
Coronavirus accelerates shift away from cash
Pandemic encourages more businesses to move to contactless payments
Turkey looks to weather coronavirus crisis without IMF support
Erdogan resists taking assistance despite looming balance of payments crunch
Management One Taps Michael Alic for President Role
Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.
Huawei CFO to find out if her fraud case will proceed
Canada arrested Meng Wanzhou, the daughter of Huawei's founder, at Vancouver's airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China's rise.
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
Twitter Has Not Fact-checked Adam Schiff's False Claims of 'Russian Collusion'
Twitter's new policy evidently does not extend to Democrats like Adam Schiff, who claimed Russian "collusion" even after the Mueller report.
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Residential building declines as government considers cash grants for new homes
There was already a decline in the home building industry before the coronavirus pandemic began, heaping pressure on the government to stimulate the sector.
Save On ends pandemic pay
The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
Heat stress and death: Stakes high for 56,000 stranded sheep with cut-off date looming
The sheep are being cared for in a feedlot with ample food, water and monitoring, but their welfare is in doubt if they don't leave during the approved season.
Minister donates May salary to secure release of five inmates
The Minister made the donation while felicitating with the inmates as part of activities to celebrate this year’s Eid el-Fitr.
MultiChoice makes DStv, GOtv customers offer to cushion COVID-19 impact
With the novel Coronavirus (COVID-19) pandemic ravaging the world currently, the global populace is being inundated with a new forced reality. Loved ones have fallen ill with some, sadly, passing away, businesses have been shut and social movement and interaction have been greatly limited.
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Paramedics down to $2/hr
For paramedics stationed at 39 urban and rural communities around British Columbia, the days of being guaranteed more than just $2 per hour for on-call shifts will soon be over.
Covid-19: Johor govt urges employers to register with Socso for foreign worker screening
JOHOR BARU, May 27 — The Johor government has urged employers to register under the state’s Social Security Organisation (Socso) so that their foreign migrant workers can be screened for Covid-19. Johor Health and Environment Committee chairman R. Vidyananthan said Johor Socso has been asked to...
Sex workers reveal best positions they think may limit the spread of coronavirus
They also say sex workers should wear mouth and nose coverings at all times.
How much will be enough when it comes to Canada's COVID-19 supply?
A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.
Lagarde: It’s even worse than we thought
ECB president supports more public spending as milder economic predictions are ‘out of date.’
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, under plans approved Wednesday. . .
Geely Chairman wants more cooperation with Daimler, report says
Geely Chairman Li Shufu looking to expand further with Daimler
Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News
New Delhi: The Ministry of Corporate Affairs has issued a notification that contributions to the PM CARES Fund will be … Companies Act amended, contributions to PM CARES Fund to be considered as CSR | Economy News Read More »
Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down
Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
Romualdez: DCC to approve P1.5Tr SAP under CURES Act
THE Defeat COVID-19 Committee (DCC) co-chaired by House Majority Leader and Leyte Rep. Martin Romualdez and Speaker Alan Peter Cayetano will approve this Thursday the P1.5 trillion social amelioration program under the proposed “COVID-19 Unemployment Reduction Economic Stimulus (CURES) Act of 2020."
EU Aims to Back Struggling South With Fiscal Shock and Awe
The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.
Stay-home request spurs a reading revival
In many urban areas of Japan, people were recently urged to stay home for weeks on in the fight to contain the spread of COVID-19. Most big bookstores in T
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus
GE Stock Comeback Story is Delayed But Not Canceled
The comeback story of 2020 will have to wait. But if management continues on its 2019 track, GE stock should make the turn eventually.
AP Secretariat on Corona Alert
On the other side, Andhra Pradesh Government is likely to conduct Corona tests to all the 3,000 staff working in the AP Secretariat.
UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases
The state has expedited infra projects to boost economy, create jobs in hinterland
Oppo doubles down on mobile chip manufacturing efforts
Oppo, one of China's biggest smartphone manufacturers, is planning to invest more into in-house chip development.
I just lost my close girlfriend to coronavirus – Nigerian man says
A Nigerian man has taken to Twitter to announce the passing of a close girlfriend he allegedly lost to Coronavirus in Abuja, the nation’s capital. According to the aggrieved man, with the handle @SalmanDuke on the
Don't Get Ambushed By The FANG/FANMAG Factor
ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share
GTA 6 release date is 2023 suggests analyst as Take-Two reveal marketing plans
Take-Two’s own financial predictions point to a massive increase in marketing in 2023 and everyone seems to think it’s for GTA 6.
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
Maharashtra SSC Geography paper to be marked based on average scores of other subjects
The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) on Wednesday said that the Class 10 Geography examination, which was cancelled, will be marked based on average scores in other subjects
The end of Europe's Chinese dream
Three developments have led the EU to abandon its goal of closer economic ties.
Ryanair to announce 'hundreds' of Irish redundancies this week
The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...
Renault, Nissan, And Mitsubishi Detail Alliance Business Changes
The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.
Winter vegetable markets to reopen today with new timings
Winter vegetable markets will reopen today after three-day Eid Al Fitr break with new timings, offering a number of farm fresh local vegetables at competitive prices.
How to Trade Alibaba Stock After Underwhelming Earnings Fizzled Its Takeoff
Earnings upended Alibaba stock's breakout, and now the chart's a mess. Steer clear for now, or sell credit spreads to bank on the chop.
Dangote, Glo named most admired Nigerian brands in Africa
In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
Gold prices hit two-week low on optimism around reopening of economies
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
Strict rules Primark fans will need to follow when stores reopen
Primark stores will look very different with changes to how customers shop and browse items
Training sector held back by Federation, says IR reformist
The big criticism focuses on the link between training and award wages, established in 1990.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
Singrobo hydropower project to deliver electricity under a 35-year PPA
Power company Themis Group announced it has issued a Full Notice to Proceed with construction of the 44MW Singrobo Hydropower Project, in Ivory Coast.
GCEX to Use Koine Custody and Settlement Service
Koine, a provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GCEX.
New Yorkers disapprove of Gov. Cuomo’s handling of nursing homes: poll
Gov. Andrew Cuomo is taking a hit over his administration’s handling of nursing homes amid the coronavirus pandemic, according to a new poll released Wednesday. The number of New Yorkers who
‘Enough local labour available in Punjab for paddy sowing’
"Some migrant labourers are available in Punjab, while we have plans to use direct seeding system and mechanised paddy transplantation as well."
Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler next year
Ola Electric Mobility (OEM) on Wednesday said it has acquired Amsterdam-based Etergo BV, a move that will help the Indian firm foray into the global premium electric two-wheeler market.
Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
Opportunity is knocking for investors with a long-term mindset.
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
Africa: Building resilient economies through regional integration
The second Africa Regional Integration Index (ARII 2019) launched by the ECA, AfDB and the AUC, calls for African economies to deepen their integration.
Stock markets mixed as China-US tensions return to fore
HONG KONG, May 27 — Equities were mixed today as profit-taking and worries about deteriorating China-US relations were weighed against optimism over the gradual reopening of economies around the world. Hong Kong extended losses as police fired pepper-ball rounds as anti-China protesters took to...
Valve Index review
The best VR experience money can buy.
Street Fighter V updated to version 3.03, new announcement teased for today
Capcom has updated Street Fighter V to version 3.03 across all platforms, and alongside that has teased a new announcement for Street Fighter V Champion Edition for later today. The changes include
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
This year ‘a write-off’ for Irish banks – Davy
This year will be “a write-off” for Irish banks, with each of the main Irish financial institutions loss-making, according to a report from Davy Stockbrokers.
Are You Ready to Get on an Airplane Again?
Airlines are burning $10 billion a month to fly empty. This can’t go on forever.
Black, Asian and minority ethnic people are 54% more likely to be fined under coronavirus lockdown rules than white people, police figures reveal
It has been revealed that black, Asian and minority ethnic people in England are 54 per cent more likely to be fined than white people under the coronavirus laws.
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
Is Trump going to cruise to re-election on a partial coronavirus recovery?
He might win, but it will be in spite of a horrible economy
Gold trades with modest losses, holds above $1700 amid escalating US-China tensions
Gold dropped to fresh two-week lows during the early European session and was last seen trading with modest losses, just above the $1700 mark. The com
I believe President Buhari is leading Nigeria well, says Femi Adesina
Adesina has been in the eye of the storm recently following an article he wrote years ago about the president's new chief of staff, Professor Ibrahim Gambari.
Government backtracks on Matt Hancock's promise to review lockdown fines
A senior minister said there would be no formal review into parents who may have been fined for making childcare related travel.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Taliban reacts to release of 900 prisoners of the group by Afghan government
The Taliban group reacted to the release of 900 prisoners of the group by the Afghan government, calling it ‘a good progress’.
Youth Online Businesses Face Closure as Govt Demands Fees
Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...
Libraries, playgrounds, dog parks begin to re-open
City of Ballarat has announced some council facilities including the acquatic centre, libraries and playgrounds will re-open with restrictions in place over the coming week.
Tech companies target temperature-monitoring patches for Covid-19
Patch is about the size of small bandage and powered by a specially designed microchip
Lockdown Barber Shops Ordered to Close by Trading Standards
A war led by the BBC on barber shops caught defying the lockdown to offer haircuts has ended, after the local trading standards department ordered the closing of around 20 rule-flouting hairdressers.
Coronavirus lockdown: Registered to return, migrants in Punjab start backing out
Only 20% sent back in three weeks, special trains on track, but district authorities say rush is starting to fizzle out.
Tejas inducted into 18 Squadron by IAF, Air Chief Marshal RKS Bhadauria flies fighter
The first LCA-Tejas FOC standard aircraft also completed its contract flight test acceptance within 12 months of the standard of preparation release in February 2019.
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
French power couple lose money laundering appeal
PARIS, May 27 — A French political power couple lost their appeal today against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office. Patrick and Isabelle Balkany, right-wing politicians who for...
India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 "with more than Rs 14 lakh crore of real output loss", as per ICICI Bank's research report
Harvest Health: Licking Its Wounds
Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher.
It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
Gov. Jim Justice is West Virginia’s richest man. Over the last three decades, lawsuits over unpaid bills have cost his constellation of companies more than $128 million in judgments and settlements.
The World Trade Organisation responds to claims over reports regarding Saudi Arabia and TV piracy
Newcastle United fans are awaiting news on the buy-out of the club but have still yet to receive a positive outcome
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Oppo pushes its Chip development ambitions as US ban hits Huawei
The popular Chinese smartphone vendor, Oppo, is pushing forward with its efforts to design its proprietary mobile chipsets. It had initially begun focus on chip development back in 2019 when Huawei was hit with the trade ban. Now, the company is aggressively pushing for the self-made chips after recent sanctions have effectively cutoff Huawei’s chip …
Home collection offers salve as Covid poses testing times for diagnostics companies
It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q
Senate, Reps return to consider revised 2020 budget
The National Assembly will resume tomorrow from its Sallah break to consider President Muhammadu Buhari’s Appropriation (Amendment) Bill, 2020.
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
Chaos at airports continue as flights resume
Around 630 flights were cancelled on Monday while on Tuesday 80 flights were cancelled at Delhi alone.
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
Hammerson boss quits weeks after group loses €449m deal
The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.
They took good care of me: 9-yr-old after solo flight back from Mumbai
Shiven had left for Mumbai on March 15 with his grandmother after his exams were cancelled on account of the COVID-19 pandemic. His holiday was unexpectedly extended when on March 24, the Centre announced a nationwide lockdown.
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
How to move beyond the burden of legacy systems [Q&A]
These days, companies are seeking to stay competitive and current by pursuing and succeeding at end-to-end digital transformation.
GBP/USD: Focus on the strong resistance at 1.2360
GBP/USD Wednesday's four-hour chart is painting a bullish picture with clear resistance at 1.2360, as FXStreet’s analyst, Yohay Elam notes. UBS expect
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
Need to know: Wednesday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
'Why Can't Private Hospitals Built on Free Land Give Free Treatment to COVID-19 Patients', SC Asks Centre
This comes a day after the Supreme Court took cognizance of the miseries of migrant workers across the country and said there have been inadequacies and certain lapses by the Centre and the states
Antrim and Newtownabbey residents 'extremely sensitive' over grass cutting
“Complaints have already been received in relation to the lack of grass cutting, despite awareness of the restrictions due to the virus.”
Visa completes Request to Pay pilot trials
Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.
Flat owners hit the roof after problems at Ayr factoring firm leaves some residents out of pocket
The row has left one development claiming it is owed more than £20,000 in advance payments already made.
CBS Hit by Newest Round of ViacomCBS Layoffs
The cuts at the broadcast network come a month after similar actions at the company's cable properties.
Consumer Confidence Inches Higher
Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Exclusive: PM Modi may announce Lockdown 5.0 on Mann Ki Baat, ease restrictions in most of India
Prime Minister Modi is likely to speak on Lockdown 5.0 after the current lockdown ends on May 31. PM Modi will address the nation on May 31 in his monthly radio address Mann Ki Baat.
Floor trading resumes at Wall Street, with masks and plexiglas
Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.
G20 finance projects give $77b a year to fossil fuels: Watchdog
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
62,000 healthcare workers in the US have tested positive for the coronavirus, the CDC says. The number is likely far higher., Business Insider - Business Insider Singapore
Business Insider - It is the first CDC update in six weeks, in which time the number of US healthcare workers infected with COVID-19 has increased sevenfold.. Read more at businessinsider.sg
Covid-19: Wike cancels lockdown in Rivers, imposes statewide curfew
Governor Nyesom Wike of Rivers state has cancelled his earlier decision to resume lockdown of some parts of the state, imposing a statewide curfew instead.
NDDC saga: Agbamuche denies fronting for NASS members
The last is yet to be heard of the crises rocking the Niger Delta Development Commission (NDDC) as one of its contractors, Chief Nelson Agbamuche has see enied ever fronting for members of the national Assembly.
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan
First direct repatriation flight from Dubai to Goa to depart June 1
149 stranded Goans welcome the move, flight departs 4.35pm Monday
The right economic response to the COVID-19 crisis
Extraordinary measures are needed.
Workplace reforms are ‘worth it’, says ACTU boss Sally McManus
Unions, employers and government will work together on industrial relations reforms to help kickstart the economy in the wake of the coronavirus pandemic.
Israel’s Number of Coronavirus Patients Drops to 2,019 as US Deaths Hit 100,572
According to the NY Times on Wednesday, new hot spots continue to emerge and hundreds more people are dying each day in the US.
What every Canadian investor needs to know today
A look at the morning’s market action