Economy 2625
4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER
Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON — The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.
Air Peace evacuates 301 Chinese from Nigeria - The Nation Nigeria
Air Peace has evacuated 301 Chinese from the Murtala Muhammed International Airport (MMIA), Lagos to Guangzhou Baiyun International Airport
Trump 'terminates' US contract with WHO: Coronavirus live updates
Here are the latest updates:
Cuomo must respond to Long Island strip club seeking to open amid coronavirus, judge says
Gov. Andrew Cuomo’s administration has to respond by early June to a federal lawsuit by a Long Island strip club that has sought to reopen amid the coronavirus outbreak, a judge ruled
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
North Korea Accuses Washington of ‘Smear’ Attempt With Cyberattack Claims
In a Friday statement, the Democratic People’s Republic of Korea (DPRK) rejected accusations it had masterminded cyberattacks against the United States and other...
Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally
The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.
135-year-long streak is over: US renewable sources topped coal in 2019
Including wood and biofuels across all sectors, coal fell short last year.
First post-lockdown flight departs Europe for China
A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday
Times Square billboards went dark for one minute to show support for struggling restaurants and hospitality businesses
Some of Times Square's iconic signage went dim to spotlight how insurers are using loopholes to get out of paying business-interruption claims.
GST hike on non-essential items unlikely despite falling revenues
Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
Clark Airport upbeat on new leadership
The recent appointment of former Philippine Drug Enforcement Agency chief Aaron Aquino as the new president of the Clark International Airport Corp. is a “positive step towards further strengthening the agency’s capacity to develop the civil aviation complex,” Joshua Bingcang, outgoing officer-in-charge of CIAC, said Friday.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
Forbes Strips Kylie Jenner of Billionaire Status for Inflating Size of Her Business
Forbes named Kylie Jenner a billionaire last year making her the younger entrepreneur with that distinction, however, the financial publication has...
School sets up virtual class to help SMEs - Selwyn College
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
Leaving work early leads North Carolina woman to lottery jackpot
May 29 (UPI) -- A North Carolina woman said getting off work early was lucrative when she won a $100,000 lottery jackpot.
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
Men charged with conspiracy to supply crack cocaine and heroin
Two men have been charged with conspiracy to supply Class A drugs in the Haverhill area after arrests made by the Metropolitan Police in Essex yesterday.
Trump announces probe of Chinese companies listed in US
US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies. The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Sikder brothers escape to Thailand by air ambulance from legal charges at home
Ron Haque Sikder, a director of National Bank Limited, and his brother Dipu Haque Sikder have left Bangladesh for Thailand by an air ambulance after being accused of threatening top executives of Exim Bank.
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
MTA ‘confounded’ by CDC push for people to avoid mass transit
MTA Chairman Pat Foye on Friday blasted a new CDC guidance that businesses encourage employees to avoid mass transit. “The CDC’s latest guidance marks yet another confounding
Trump moves to revoke Hong Kong’s trade status, stoking China Rift
Citing a litany of grievances against the country, some dating to before he was elected president, United States President Donald Trump said the US would begin a process to revoke Hong Kong’s preferential trade status under US law.
Asia Today: India to allow reopenings in some areas
NEW DELHI (AP) — India is extending its lockdown in containment zones until June 30 but will allow economic activities to restart outside these areas even though coronavirus cases continue...
Tata Motors Trading Near All-Time Low Ahead Of Earnings
Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
'World's biggest Airbnb': Approved 13-bedroom house not to be used for short-term letting
The $1 million house and pool must not be used for tourist accommodation.
Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund
A deal regarding a fund to compensate the dozens of alleged sex-trafficking victims of Jeffrey Epstein has been reached between the late financier's estate and the attorney general of the U.S. Virgin Islands following an impasse.
New York City Reopening Is in Sight, as Transit and Other Questions Overhang
The first phase of New York City’s midpandemic reopening begins June 8 with free face coverings for all businesses that need them.
DOJ sets new conditions for CPI’s acquisition of General Dynamics’ satellite antenna business
For the merger to go forward CPI must sell off its subsidiary ASC Signal Division.
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against
At 6.1%, growth in per capita income slows: Explained in numbers
The growth in per capita income has been coming down for 3 years.
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
Challenging China's Claims In South China Sea, US Navy Warship Sails Near Paracel Islands
Challenging Beijing's claims in the highly contested South China Sea, US Navy's Arleigh Burke-class guided-missile destroyer USS Mustin on Thursday (local time) sailed near Paracel Islands, reported CNN.
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
Can appreciate limits on airfares as it is a 'very very short term' measure: AirAsia India CEO
Domestic passenger services restarted after a gap of two months on Monday when 428 flights carried around 30,000 passengers to their destinations.
Celebrities unite to slam British Airways over plans to axe 12,000 jobs and 'slash' pay
Stephen Fry, Lee Westwood and others have united to condemn British Airways, claiming the airline is using the coronavirus crisis to 'wreck workers' terms and conditions'
Sara Hay appointed Wellington City Council's new chief financial officer
Ms Hay joins Wellington City Council after several years of accomplished work at senior levels of, most recently, Auckland Council and, prior to that, at the Ministry of Business, Innovation and Employment.
Parliament recommends suspending payment of R22m to Ingonyama Trust
When the trust tabled its strategic and annual performance plans at a committee meeting, no budget information was included.
The coming recession is the best reason to step up the pace of renewables investment
It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now
Chilean regulator approves Uber's purchase of Cornershop grocery app
SANTIAGO (Reuters) - Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.
Donald Trump announces probe of Chinese companies listed in US
Among the largest were e-commerce giant Alibaba, China's largest oil producer PetroChina and Sinopec, the world's largest oil refiner.The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom
[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina
Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
The inside story of our COVID detente
The government needed to bring unions and bosses together - fast. They chose a Labor and union man as their go-between - and it worked.
China plans to extend curbs on international flights till June 30: US embassy
China has drastically cut such flights since March to allay concerns over infections brought by arriving passengers. A so-called “Five One” policy allows mainland carriers to fly just one flight a week on one route to any country and foreign airlines to operate just one flight a week to China.
Major shopping street in Worcester city centre set for revamp this summer with work lasting 12 weeks
Pump Street in the city centre is to get a make-over starting on June 22 - including new trees and new footpaths with different coloured and textured paving to make them safer for pedestrians
JobKeeper could be extended, says Peter Dutton
Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.
New waterways linking NE, B’desh to start in 3 months
New waterways between Tripura and Bangladesh would start within three months and it would boost trade and numerous economic activities, Tripura Chief Minister Biplab Kumar Deb said on Friday.
Coronavirus company news summary – Sibanye-Stillwater reports outbreak – Axora launch smart mining platform – South Africa to lift restrictions on miners
29 May Sibanye-Stillwater has reported 51 positive Covid-19 cases at its Thembelani shaft located in Rustenburg. The company tested employees...Read More...
Illinois, New Jersey, and New York are the only states reopening according to federal guidelines, a ProPublica analysis found
The three states have yet to fully lift stay-at-home orders, which have been in place for roughly the same duration, per the ProPublica analysis.
Gay weddings boost US economy by $3.8 billion since landmark ruling
Gay and lesbian weddings have boosted state and local economies by an estimated $3.8 billion since same-sex marriage was legalized nationwide in the United States in 2015, according to a study published on Thursday.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
USD/CAD holds steady, up little around 1.3770 amid weaker oil prices
The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall
Crude has best month on record in May as prices surge 88 per cent
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Build, Build. Build projects resume
THE Department of Public Works and Highways announced that infrastructure projects under the government’s Build, Build, Build Program in various places nationwide have recommenced, which will fuel government’s bounce back plan to help the economy recover quickly.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
IPC maker DFI to deepen deployments in AIoT, 5G
IPC maker DFI, an affiliate of Qisda, saw its revenues for the first four months of the year shoot up 41.86% on year to NT$2.862 billion (US$95.40 million), the highest for the same period on record, and it will step up deployments in AIoT and 5G applications, according to company sources.
German airline Lufthansa to double flights to Athens from Frankfurt and Munich
Lufthansa Group said that the extension of its June timetable responds to the growing interest of customers in air travel as Covid-19 travel restrictions are
Explainer: How important is Hong Kong to China as a free finance hub?
HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.
Coronavirus India Live Updates: Delhi records 1,106 cases in one day as tally tops 17,000
Coronavirus in India: The nationwide tally also reached 1.65 lakh today; Delhi Health Minister Satyendra Jain says the govt believes places where large gatherings take place should be closed in lockdown 5.0
Boost explains why eWallet to bank account transfers have been discontinued
Boost had recently performed a major upgrade which offers users a larger eWallet size of up to RM4,999. However, its previous feature which allows users to cash out their eWallet credit to bank accounts has been discontinued since 18th of May.
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1
OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
Snowballs set to fly as the trans-Tasman ski wars begin
Ski resorts across both sides of the ditch are scrambling to make social distancing work.
AfDB says ‘no decision’ yet on demands for probe of Akinwumi Adesina
The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal inquiry that has exonerated AfDB chief Akinwumi Adesina.Read More
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
4 positive cases in Mohali district, total goes up to 110
Deputy Commissioner (DC) Girish Dayalan confirmed the development and said that the health department teams are working on contact tracing of the new positive cases.
Charting The Travel Industry’s Next Adventure
The pandemic decimated the travel industry in the first half of 2020, but industry experts are hopeful consumers will want to travel again soon. Here's why.
New Exec Chair For NZ Dairy Industry Awards
The New Zealand Dairy Industry Awards Executive have chosen Taranaki dairy farmer and NZDIA Alumni Rachel Short as Chair at a recent board meeting, with Paparimu 50/50 sharemilker Amber Carpenter elected as Vice-Chair.
MeECL oppose Electricity Bill, to supports protest
Employees and engineers of the Meghalaya Energy Corporation Limited (MeECL) has extended its support to the call of “national protest day” on June 1 against the Electricity (Amendment) Bill, 2020 and proposed privatisation of DISCOM.
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Video | Cement companies report concrete gains despite weak volumes in Q4
Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and logistics costs
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
Complaints over lockdown in Andhra Pradesh to go to NDMA
It noted that violations of the lockdown are under the purview of the NDMA.
JobKeeper buck stops with Treasury boss
Steven Kennedy is ultimately responsible for the biggest policy costing discrepancy in Australian history.
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Mini-grid services continue to drive rural India’s need for power supply: Survey
Economic activities have continued to witness major drop in the mini-grid villages.Direct Government interventions have provided relief
Canada’s Huawei extradition ruling could unleash Chinese backlash
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies executive to the US leaves Canada vulnerable to further retaliation from Beijing, analysts said.
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
Iran says it will continue nuclear work despite US sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States. State TV cited a statement from the country’s nuclear department saying the U.S. decision to impose sanctions on two Iranian nuclear
Commentary: Twitter struck fair balance between liberty, fact
Twitter did not remove President Trump’s tweet. Its small label informed people how to ‘get the facts.’
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
USMCA poised for star turn and protests in Minneapolis; In The News for May 29
In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what’s on the radar of our editors for the morning of May 29 …—COVID-19 in Canada …The federal government is pumping millions more into helping remote and rural Indigenous communities cope with the COVID-19 crisis.
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
Sprayers from UK, drones, Regional Control Rooms: Govt’s preparedness for Locust control
Union Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar on Friday held a meeting with the Ministers of State for Agriculture and Farmers.
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
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.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Sanwo-olu promises Lagosians affordable houses
Lagos State Governor Mr Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians.
Nifty 50 June Futures (9,404)
The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
China to restrict expansion of solar equipment producers
BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.
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
Panchkula CMO asks RWAs to report travellers coming in
The move has been taken to “track incoming people and keep them under radar especially returning from high risk areas,” said the CMO.
Supreme Court orders states to foot the bill for guest workers' travel
Plus, their food and shelter while they wait for their train or bus are the states' responsibility
Former pub set to become flats
A former pub in Shrewsbury is to be turned into seven flats and have six houses built in its car park under plans approved by Shropshire Council.
Sberbank Forms Swiss Entity for Physical Commodities Trading
Sberbank has announced on Friday its expansion into the commodities market with the opening of a trading company in Switzerland.
National cabinet launches ambitious federation reform agenda
Federation reform has been overhauled and a new council tasked with removing duplication and overlap will report to the national cabinet each month.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
COVID-19: Banks to open again in Saudi Arabia
Financial facilities to comply with health precautions
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
The inside story of our COVID detente
The government needed to bring unions and bosses together - fast. They chose a Labor and union man as their go-between - and it worked.
CEO Williams: "Do consider selling the entire company"
The collaboration with ROKiT has been terminated with immediate effect and the Formula 1 team may go on sale. That was the news that Mike O'Driscoll said this Friday morning. Through the official channels, the CEO will give some more text and explanation.
‘Almost entire’ economy could reopen before June 30 if infection rates remain low and stable, says Singapore minister
SINGAPORE, May 29 — If Covid-19 infection rates remain low and stable, the Government will decide by mid-June whether Singapore can move out of the first phase of reopening the economy, National Development Minister Lawrence Wong said today. While the first phase — which will start from June 2...
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Trump officials consider defying Congress to sell more weapons to Saudi Arabia
The Trump administration is moving to sell another cache of munitions to Saudi Arabia, according to lawmakers and congressional aides, a step that would again defy Congress and ignore the objections of lawmakers in both parties about Riyadh’s human rights record.
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
Federations To Receive Kshs20 Million COVID-19 Support Fund From Caf
Caf has approved Kshs 1.1billion Coronavirus pandemic support fund to be distributed to its member associations.Each of the 54 members of Caf, the Africa's football body, including the Football Ke
The inside story of our COVID detente
The government needed to bring unions and bosses together - fast. They chose a Labor and union man as their go-between - and it worked.
SPECIAL REPORT: Dwindling dividends of democracy
ACCORDING to American Poet, Ralph Waldo Emerson (1803 -1882), "The first wealth is health." Taken further, a healthy man is a
Alderwood mall is ready for the governor’s green light
The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.
Chelsea learn transfer fee for Porto's Jesus Corona as agent confirms talks
The Blues are keen on Jadon Sancho but with his £100million-plus price tag and Manchester United's interest, have also been surveying other, more cost-effective targets
Federal Pacific: Power equipment endorsed by Carroll Technologies
Federal Pacific manufacturers a wide range of products used for the generation, distribution, transmission and control of electricity.
Five years of PMB: We're glad he came our way, by Adesina
Who are the ‘we?’ Speak for yourself only, some cynics would say on merely seeing the headline of this piece.They would add: “You can talk because...
Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources
Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.
Hong Kong govt warns removing US special status is "double-edged sword"
Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial hub, could be a "double-edged sword" and urged the United States to stop interfering in internal affairs.
World shares fall as Hong Kong, U.S.-China tensions weigh
Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.
K'taka govt notifies ordinance, BDA to legalise unauthorised constructions in Bengaluru
The BDA will levy a penal fee in return for regularisation. These are plots either owned by residents themselves or bought from someone after the BDA notified them for acquisition during the formation of layouts.
International Update: Global Covid-19 infections exceed 5.8 million – more than 100,000 covid deaths in US
29 May Global: The number of people infected by Covid-19 has exceeded 5.8 million, according to data compiled by Johns...Read More...
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
In the middle of a global pandemic, Twitter takes on Trump
A huge debate rages on about what exactly is a fair balance between liberty and lies
VIXM: Here's Why It Is Likely Going To Keep Dropping
VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of
President Buhari pleads debt cancellation for African countries
President Muhammadu Buhari has pleaded with financial institutions and developed countries to cancel the debts of needy countries, especially those in Africa.
SoftBank Leads $500 Million Funding for Didi Autonomous Unit
Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.
Asia shares fall as U.S.-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
Use of public transport likely to reduce for 6 months post-lockdown: CSE survey
The CSE's perception survey on changing commuting choices post-pandemic included over 400 middle and high-income groups in Delhi and surrounding NCR cities.The first results show public mood is changing.
Tokyo nears phase two of virus recovery plan as Osaka to fully reopen
As business-minded Osaka prepares to go full bore with Tokyo trailing close behind, infections continue to fluctuate in the capital.
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
How important is Hong Kong to China as a free finance hub?
While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.
Iran to continue nuclear work despite sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States.
New Zealand close to virus eradication despite grim global figures
The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.
Migrant labourers needn't pay for Sharmik train, states will pay: Railways
Migrant workers do not have to pay for tickets of Shramik Special trains as sending and receiving states are coordinating with each other for the fare of these trains, Railway Board Chairman Vinod Kumar Yadav said on Friday.
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
Nikkei dented by US-China tensions, but scores best month since 2015
Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
After flak over Shramik, Rlys says only 71 out of 3,840 trains diverted
Over the past few days, at least nine people lost their lives in different Shramik trains, for which the reasons were allegedly lack of supply of food and water
India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20
India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...
Schools to remain closed after June 1 Sindh
Ghani says govt cannot take risk of reopening educational institutions at this point
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
5 Quotes to Help Plan for Retirement
Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.
Walsall Council receive EA funding to reduce town centre flood risk
A grant of £175,000 has been given to a council to replace a culvert and reduce the risk of businesses nearby flooding.
Why this road along Vaseux Lake was a popular spot for early photographs
The Vaseux Lake bluffs provided lots of camera fodder for pioneer motorists.The large outcropping with a corner blasted out along the edge of Vaseux Lake mu
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
‘Punjab seed scam’: PAU denies providing ‘source seed’ to any pvt company, sold TL seed to farmers only
Punjab paddy seed scam: Speaking to The Indian Express, Tarsem Singh Dhillon, director (seeds), PAU said this was the first year that the varsity had sold ‘Truthfully Labelled’ (TL) seeds of two new paddy varieties — PR 128 and PR 129 — to farmers only.
Maharashtra to soon announce economic package to tide over virus crisis: Ajit Pawar
'In a nutshell, we are facing an economic crisis and we want to find a way out,' said Pawar.He also said that although the Centre recently announced an economic package, there were still differences of opinion on how much money will be given to the people
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Buhari still condoning corrupt practices, alleges CDD
Pro-democracy think tank, the Centre for Democracy and Development (CDD) previewed the anti-graft campaign of the President Muhammadu Buhari led administration in the last five years and concluded that not much has been achieved to address the menace in the polity.
Plunging sales force Nissan to leave Korea
SEOUL, May 29 (UPI) -- Japanese automaker Nissan Motor announced Thursday that it plans to pull out from South Korea at the end of 2020, 16 years after it entered the country in 2004.
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
Hidden Cost of Mass Layoffs: Why Job Cuts Won’t Solve States’ Budget Crisis
States and cities are slashing jobs in the face of huge deficits. But making the budget math work isn’t quite so simple.
Mobile banking service for US immigrants launches
Welcome Technologies, an outfit that works to support immigrants to the US, has joined forces with Green Dot on a digital banking product.
One in five people visiting UK will be monitored with random phone calls
No plans have been announced to deter the 80 per cent of arrivals who aren't selected for monitoring from breaking quarantine.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
Locust swarms pose threat to aircraft during landing and takeoff, says DGCA, issues guidelines
Locusts are found at lower levels and therefore pose a threat to aircraft in the critical landing and takeoff phase of the flight.Almost all air intake ports of the aircraft will be prone to ingestion in large numbers, if the aircraft flies through a swarm, DGCA said
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...
10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk
When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
Bangalore airport: Air Asia plane hit by baggage cart, ladder topples over due to bad weather
Heavy winds and rain led to minor accidents at the Bangalore airport with an Air Asia plane getting hit by a baggage card and a passenger ladder toppling over
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
Fortescue and Andrew Forrest lose High Court appeal over exclusive native title of WA’s Yindjibarndi people
Australian mining giant Fortescue Metals Group (FMG) has lost its High Court bid to appeal against a native title determination that covers one of its
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
Renault to restructure French factories in high-stakes reboot plan
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
Tyson Foods to close Iowa pork plant amid coronavirus outbreak
Tyson Foods plans to temporarily close an Iowa pork plant where nearly a quarter of the workers have caught the novel coronavirus.
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
USD/JPY off lows, still in the red below mid-107.00s ahead of Trump
The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore
Man Utd 'ready to move for Moussa Dembele' after Lyon striker's transfer value declines
The global coronvirus pandemic has already had a massive financial impact on every football club on the planet, and is expected to shake-up the transfer market
Bitcoin Could Hit $11,000 in June 2020; Here’s Why
Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
DGCA says locust swarms pose threat to aircraft during landing and takeoff phase, issues guidelines
India is battling the worst desert locust invasion in more than 21 years. The crop-destroying swarms first attacked Rajasthan and have now spread to Punjab, Gujarat, Maharashtra and Madhya Pradesh.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
Battle of Jutland warship’s four years since restoration marked in lockdown
HMS Caroline closure amid the pandemic has had a ‘devastating impact’ on its finances with the loss of visitor revenue.
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
GSK plans to produces one billion doses of vaccine adjuvant for COVID-19
GlaxoSmithKline has announced plans to produce one billion doses in 2021 of its vaccine adjuvant system to support numerous COVID-19 vaccine candidates.
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
Lagos BRT fares hike unnecessary, wicked —Commuters
Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state. The News Agen...
Sudan does an about-turn in US relations
Will Khartoum’s deal to pay compensation for the 1998 bombings change its global stance?
The world’s first integrated power-to-X-to-power hydrogen gas turbine demonstrator
With the HyflexPower project, a consortium — made up of Engie Solutions (Paris, France), Siemens Gas and Power GmbH & Co. KG (Munich, Germany), Centrax
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions
Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Union steps in with food vouchers and legal action as Denel fails to pay May salaries
Trade union UASA has set up a fund to assist its members after the embattled state-owned enterprise, Denel, abruptly announced that it would not be able to pay its employees in May. The union says they will be taking the matter to court.
MP Rigathi Gachagua Claims State Froze His Bank Accounts Over Links With Ruto
A Nairobi Court has frozen Mathira Member of Parliament Rigathi Gachagua's three bank accounts in an ongoing investigation into alleged money laundering.Milimani Senior Resident Magistrate Muthoni
DisCos ask court to stop FG’s forensic audit
Electricity distribution companies (DisCos) have dragged the federal government to court over alleged undue interference in their business operations. The federal government holds 40 percent shares in the power firms.
Online Seva begins at MM Hills Temple
Devotees can perform various Sevas to the deity and have darshan via www.mmhillstemple.com Chamarajanagar: Male Mahadeshwara Temple, one of the prominent temples in the State, located atop Male Mahadeshwara Hills at Hanur taluk in Chamarajanagar district, has commenced online seva to devotees from Wednesday. Following COVID-19 pandemic and lockdown, all places of worship were closed...
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
CBI files preliminary enquiry against Tablighi Jamaat over FCRA violations
The action by the CBI comes a day after the Crime Branch of the Delhi Police filed 12 fresh chargesheets naming 541 foreign nationals in connection with the Tablighi Jamaat case
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal
In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'
Vestager hits back at Lufthansa bailout criticism
Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
Standard Chartered is seeking a fintech partner to launch a savings product in Kenya
Standard Chartered plans to roll out a savings product for its Kenyan retail customers and is looking to partner with a fintech on the new product.
Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725
The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to
American Airlines flight attendant criticizes carrier for banning face shields during flights
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Better Buy: Zoom Video Communications vs. Microsoft
Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
Dow Jones retreats ahead of Trump's response on Hong Kong
The Dow Jones Industrial Average was down 269.88 points, or 1.06 per cent, at 25,130.76.
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer
India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.
3 of the Best Breakout Stocks to Buy Now
Bulls are knocking on the door of resistance in these three breakout stocks. Here are the levels to watch, and how to trade them.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
Survey shows Queenstown is open for business - Destination Queenstown
A survey of local tourism businesses recently undertaken by Destination Queenstown shows that 96% of respondents will be open under level 2 for the winter season.
Canada: The loonie does not react to better than expected GDP – TDS
Real GDP for Q1 and March surprised to the upside with contractions of 8.2% q/q (TD/market: -10%) and 7.2% m/m (TD: -7.0%, market: -8.5%), per TD Secu
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
Pearson to begin limiting terminal access to travellers only
If you picking up someone from the airport, you may not be allowed to head inside the terminal to greet them for much longer.
IOCL Recruitment 2020: Deadline for online application for engineers, graduate apprentice extended; Details
The recruitment of engineers/officers or engagement of graduate apprentice engineers (GAEs) would be done through the Graduate Aptitude Test in Engineering (GATE) 2020.
Tokyo Olympics 2020: Anil Khanna defends decision to not give early clearance for hotel bookings, argues absence of president or SG
IOA President Narinder Batra had asked Khanna to furnish
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
‘At the most elite institutions, college can basically be a finishing school:’ Coronavirus raises new questions about the value of higher education
After universities moved online in the spring, the question of what college tuition actually buys took on new resonance.
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)
Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT
Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
Ice-cream company who struggled to find staff now flooded with applications
“Last year, I struggled to get drivers. We had to pay for ads everywhere and even at that, I might have received 20 applicants in two months"
GoodChips expands certification to global market with Azwood Energy
A leading energy supplier within New Zealand is enabling GoodChips® to grow its international base.
Energy Commission to hold competitive bidding process for LSS photovoltaic plant development
PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...
COVID 19 and Latin America: Three months on, the struggle continues
Ecuador which became face of the epidemic and the epicentre in end March continues to have the highest number of death cases per capita in the region.
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Bengal to reopen places of worship Monday as CM eases lockdown
She also announced restarting of private and public sector offices with full attendance from June 8
White House Director of Social Media Dan Scavino says Twitter is 'full of s***' after company flags Trump's tweet for 'glorifying violence'
Scavino's tweet came after Twitter flagged a message from Trump saying "when the looting starts, the shooting starts" as violating the platform's rules.
In the name of Shramik Special, Railways running 'Corona Express' trains: Mamata
Mamata also said that social distancing norms were not being followed in the Shramik Special trains as they are running at full capacity.The Railways are bringing people from hotspot areas in huge numbers, she added
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
Indian Railways News: Demand For Shramik Specials Going Down But Trains Will Continue, Says Chairman
Indian Railways Latest News: West Bengal Chief Minister Mamata Banerjee is blaming the Railways for the increased number of coronavirus cases in the state. On Friday, Mamata said the Railways is running Corona Express.
India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points
RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".
Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
Irish Water and Tipperary County Council working to restore water supply in Kilross Co. Tipperary
Irish Water is working in partnership with Tipperary County Council to carry out essential repairs to a burst watermain in the Kilross area. This is affecting water supply to Bruce Walk, Lattin, Shron...
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Thousands crossing US-Mexico border despite nonessential travel ban, COVID-19 threat
Border crossings continue despite the ban instituted by President Trump.
Inland waterways transport with Bangladesh to start in 3-4 months: Tripura CM
Chief Minister Biplab Kumar Deb today visited Sonamura and different parts of Sepahijala district as part of his inspection tour of quarantine centres set up at village level to accommodate people who are facing difficulties in-home quarantine.
Investors Skittish Ahead of Expected Sanctions on China
Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.
Tobacco giants BATSA and JTI head to court over tobacco ban
The largest tobacco manufacturers based in South Africa, Japan Tobacco International and British American Tobacco South Africa, have joined civil society groups in launching legal action against the maintenance of the tobacco ban. With Level 3 relaxations looming, the gloves are coming off.
Australia's 'war cabinet' shifts focus to jobs
Australia's "war cabinet" will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel ...
The HP example: How to do collaboration and remote work right
Companies that figure out how to carry on successfully with a distributed workforce can emerge from the ongoing pandemic stronger than before. HP offers lessons on how to do that.
J. C. Penney Goes Bankrupt With No Recovery For Shareholders
J. C. Penney filed for bankruptcy and its restructuring support agreement includes no recovery for shareholders. It plans to split into a REIT and an operating
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
Uber introduces a new hourly rate for longer, multistop trips
Uber will charge $50 an hour for these longer trips.
Electricity distribution operators survived COVID-19 emergency
Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Bengal’s Amphan-Damage Assessment Of Rs 1 Lakh Crore May Be Grossly Inflated, And That’s Why Centre Should Scrutinise It Closely
There are many reasons to doubt this seemingly fantastical Amphan-damage assessment figure of Rs 1 lakh crore.
Coronavirus lockdown | Jharkhand flies its migrant workers back from Leh
Migrant workers flew to Delhi from Leh on a SpiceJet aircraft and would take an IndiGo flight from Delhi to Ranchi.
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
Another delay in release of SAA rescue plan
Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.
ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.
Trivendra Singh Rawat: ‘Can’t leave people on the roads… will continue bringing migrants’
Trivendra Singh Rawat said, "A huge number of people from Uttarakhand live in other states. Many of them want to come back amid the pandemic. More than 2.5 lakh people have registered so far."
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
Dollar bides time, yuan falls before Trump takes stage on China
TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.
Sanwo-Olu assures Lagosians of affordable housing
Lagos State Governor Babajide Sanwo-Olu said on Thursday that his administration would make available affordable and accessible housing for residents....
Monsoon onset over Kerala likely on June 1: IMD
Monsoon onset over Kerala likely on June 1: IMD New Delhi: The southwest monsoon is likely to hit Kerala on June 1, thanks to a cyclonic circulation over the Bay of Bengal, the India Meteorological Department said on Thursday.The IMD, in its onset date forecast on May 15, had said the monsoon is likely to […]
Boston Marathon canceled for first time in 124-year history
Organizers canceled the Boston Marathon on Thursday for the first time in its history, bowing to the social distancing requirements of the coronavirus outb
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can
SC orders free travel for stranded workers
SC orders free travel for stranded workers Orders states to provide food, water New Delhi: The Supreme Court Thursday directed that no fare for travel either by train or bus be charged from the migrant workers stranded across the country and they be provided food and water. The apex court, which passed interim directions, said […]
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
FDI inflows surge 18% in 2019-20 to record $74 billion
India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard
Sanwo-Olu urged to avert post COVID-19 food crisis
The Lagos State, Governor Babajide Sanwo-Olu has been urged to pay more attention to agriculture to avert food crisis in the Stat
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
Coronavirus hits Coalition seats the hardest, upping pressure on PM
Nine of the 10 seats with the biggest jobless increases are held by the Coalition, raising internal pressure on Scott Morrison to extend the JobKeeper allowance.
U.N. calls on nations to take action in six areas to limit COVID-19's financial impact
May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.
Australia's greenhouse gas emissions fall slightly in 2019
MELBOURNE (Reuters) - Australia’s greenhouse gas emissions fell just 0.9% in 2019 as increasing emissions from liquefied natural gas (LNG) export plants largely offset declines in the power and farm sectors, government data showed on Friday.
Shramik trains ferry over 48 lakh since May 1
Shramik trains ferry over 48 lakh since May 1 New Delhi: The Indian Railways has ferried over 48 lakh migrant workers on board 3,736 ‘Shramik Special’ trains since May 1, according to official data.Of these, 3,157 have reached their destination, while 386 are in transit. The top five states and UTs from where maximum trains […]
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
Renault poised to announce 15,000 layoffs worldwide: union
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...
Trump violating law by not updating budget, outside experts say
The WHite House decision not to update its budget estimates is against the law, an outside group that advocates for fiscal discipline said Thursday.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
North Koreans charged in wide-ranging $3.7B sanctions-busting scheme
The indictment, unsealed on Thursday in Washington's federal court, is believed to be the largest criminal enforcement action ever brought against North Korea.
Talks on support for German car industry delayed: Bild
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus ...
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group facesa huge compensation claim after High Court rebuff.
Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children
Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.
Transport fare rises despite drop in petrol price in April
The price paid by passengers for bus, motorcycle and water way journeys rose despite the decline in the petrol price in April.
North Koreans charged in wide-ranging $3.7b sanctions-busting scheme
The indictment is believed to be the largest criminal enforcement action ever brought against North Korea.
North Koreans charged in wide-ranging $3.7b sanctions-busting scheme
The indictment is believed to be the largest criminal enforcement action ever brought against North Korea.
Aimia vows to fight Air Canada's court move to halt upcoming merger
Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.
'Water is life': COVID-19 exposes chronic crisis in Navajo Nation
Amanda Larson pulls up at a water station a few miles from her home in the Navajo Nation and her three children get to work filling up large bottles lying on the bed of her pickup truck.
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
UN chief warns leaders pandemic may cause historic famine
The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
Does Centre have unfettered powers to impose conditions on states borrowing money?
States can now borrow 2% more funds as long as they meet certain conditions – including abiding by the ‘One Nation One Ration Card’ scheme.
Mark Cuban lays out his plan to boost post-COVID economy: 'Give people checks that they have to spend'
Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban told "Hannity" Thursday that the issuing of pre-loaded, federally funded debit cards is the best way to spur consumer demand and boost the economic recovery from the coronavirus pandemic.
Cypriot Cabinet approves bill on EastMed Pipeline
Cyprus' government has approved the bill on the EastMed pipeline project, the country’s Energy Minister George Lakkotrypis said in a statement.
NZ FinMin Robertson: Economy is opening up and improving
New Zealand’s (NZ) Finance Minister Grant Robertson came out on the wires on Friday, via Reuters, noting that the economy is opening up and improving.
An economic Cold War was long coming
The US has always felt threatened by China’s rise. The Covid crisis has sharpened the conflict of economic interests
Twitter flags China spokesman’s tweet on Covid-19
Twitter posted a blue exclamation mark under a tweet by Chinese Foreign Ministry spokesman Zhao Lijian, with a comment urging readers to check the facts about Covid-19.
Singaporeans can expect to eat out, hit the gym, shop by end-June
Singaporeans can look forward to hitting the gym, eating out and shopping again when the second phase of the “circuit breaker” exit plan happens, which is expected to take place before June ends if COVID-19 transmissions remain low.
Green Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services.
Coronavirus: Murrays bus services wait for green light to resume
Temperature checks and masks will be mandatory as the bus company puts in new measures to protect against COVID-19 spread.
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment
While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f
Google Rescinds Offers To Thousands of Contract Workers
Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
National Guard called in to control Minneapolis riots
Violence continues for second day following death of black man in custody
Proposed USCIS furlough could impact tech firms
Following the national lockdown which was announced in the US about two months ago, application and petition receipts have dropped to half, impacting the ability of the agency to continue to function effectively. The USCIS relies primarily on income from visa processing to keep itself running.
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
New Zealand near eradication, but virus has grim global hold
In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.
Why the national cabinet must brace for the jobless wave
An analysis of the JobKeeper numbers shows how complicated a return to higher levels of employment will be.
PMC, PCMC to help PMPML pay 2,200 daily wage workers
As reported by The Indian Express earlier, over the past fortnight, the PMPML had asked these workers to sit at home as the undertaking had no work for them amid the nationwide lockdown.
BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF
Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
The rushed easing of lockdown measures could devastate Italy
When the novel coronavirus began spreading across the world earlier this year, Italy quickly became one of Europe's worst-affected countries and went into lockdown. Schools, shops, leisure centres and churches were swiftly shut and all Italians were told to remain indoors as much as possible.
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
MWSS says consumers in Metro can pay water bills in staggered amounts
To avoid bill shock, the Metropolitan Waterworks and Sewerage System says the public can settle their accounts 'in drops'
India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy
According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
38,431 migrants sent to their native states, over 1 lakh were registered
The administration claimed that the concerning states and the Indian Railways will consult if the demand of more Shramik train rise.
USD/CNH: Extra gains need to clear 7.2000 – UOB
According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...
The Idea of India: Crimes Against Migrants
The Idea of India is HuffPost India’s monthly conversation about how we see ourselves as a people and as a nation.
Lautaro Martinez will sign for Barcelona but only once this happens
Lautaro Martinez will sign for Barcelona but only once this happens
Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%
Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…
How coronavirus is reshaping the mobility industry, from EVs to supply chains
The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]
Robinhood Names Surabhi Gupta as VP of Engineering
Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
Blue State Blues: Donald Trump Is Defending the First Amendment; Joe Biden Is Attacking It
Trump's rhetoric is over-the-top. Yet his actions, as usual, not only obey the First Amendment but reinforce it. Biden would do the opposite.
Nottingham council suspends tendering new contracts worth £25 million over coronavirus
“The current COVID situation means we wouldn’t be able to successfully run a re-tendering exercise"
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
Go-go bars gone as coronavirus hits Bangkok's sex district
BANGKOK, May 29 — The black leather party masks that performers May and Som wear for their fetish shows in Bangkok are definitely not the sort to stop the coronavirus. Behind closed doors, they practise for the day when health restrictions are lifted and tourists return, but they have no idea...
'Shamelessly Endorsed by Brahmanical Purity': Kent Apologises For Ad Demeaning Domestic Help, Hema Malini Clarifies
Kent RO's atta maker focusing on 'infections' carried by the domestic help is all that is wrong with our classist society, Twitter points out until the brand finally apologises and Hema Malini issues public statement
Govt moves to halt crude export in natural state - The Nation Nigeria
In its bid to sustain the economy following the COVID-19 pandemic, the Federal Government (FG) is putting plans in motion to implement ways to halt...
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
ACT govt rules out business loans and grants, hospitality package welcomed
Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
COVID-19: ICPC commences investigation into distribution of funds, palliatives
The anti-graft agency, ICPC, says it has commenced investigations into alleged cases of corruption in the management of COVID-19 funds and palliatives.
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN
Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University
Thailand to further ease restrictions, shorten curfew hours
BANGKOK (Reuters) - Thailand will next week shorten curfew hours and ease restrictions on more businesses, the government said on Friday, in response to its low numbers of locally transmitted cases of the coronavirus.
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
Rand falls, focus on Trump’s Hong Kong response
In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
How the North East can build back better after coronavirus
In the final part of our series for the Passionate People, Passionate Places campaign, we ask business, political and charity leaders on how the region can return better after the coronavirus outbreak
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
Damaging winds tipped to hit Ballarat and Hepburn Shire
Strong northerly winds are expected to hit Ballarat and the Hepburn Shire at the weekend. The Bureau of Meteorology has issued a severe weather warning, with...
India's lockdown strictest; economic impact to be deeper than other countries: Jefferies
A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
US Dollar Index drops to 2-month lows near 98.20 ahead of Trump
The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2
Restaurants at 50% Capacity, Opening of Gyms: Goa CM Seeks Relaxations For Lockdown 5.0
Pramod Sawant also said that he feels that the ongoing nationwide lockdown will be extended by 15 more days.
Hostel owner Safestay positive it can welcome back guests under new plans
London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.
GWM announces senior leadership for its Indian subsidiary
Auto manufacturer GWM has announced the appointment of James Yang as president for its Indian subsidiary. The company has also appointed Parker Shi as managing director for the Indian subsidiary. Continue Reading →
Taiwan analog IC firms to post revenue growth in 2020
Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.
PM backs NSW going it alone on travel bubble with New Zealand
States whose borders are open could strike a travel deal with New Zealand ahead of other states whose borders are closed, Scott Morrison says.
India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
‘Sectors where the fixed costs component is higher will be hit sharply
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
Foxsemicon to enjoy revenue growth in 2020
Semiconductor equipment maker Foxsemicon Integrated Technology, an affiliate of the Foxconn Group, is expected to post on-year revenue growth in 2020, according to industry sources.
'It's not as attractive as it was': New security law puts pressure on businesses in Hong Kong
Chinese leaders said the new law was needed to combat unspecified threats in the semi-autonomous region.
'What's More Important? Cricket or Dealing With Coronavirus?' - BCCI, ICC in Heated Dispute Over Tax Exemption
If BCCI fails to secure the tax exemption, ICC has reportedly threatened to take away the hosting rights for the marquee event from India.
Trump takes aim at WHO as US economic outlooks worsens
In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
Chassis specialist Ju Teng upbeats about 3Q20 orders
Chassis maker Ju Teng International expects the prevailing robust demand from the notebook sector to last into the third quarter of 2020, having experienced strong order pull-ins from clients in the second quarter.
UK automotive production at lowest level since WW2, to cost industry $15B
With auto factories closed due to coronavirus, it's clear that production was going to take a hit. Now we know just how big an impact it had in the UK.
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.
Students protest cuts to Sydney University's arts and social science faculty
About 8 per cent of courses across the university's arts and social sciences faculty will be cut according to early estimates.
EUR/USD: The trend is positive but a setback is on the cards
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-
RBI imposes Rs 4 crore penalty on Citibank; here’s why
The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Downtown Victoria library gearing up to reopen for pickups
Greater Victoria residents will have access to new reading materials next month, as the central branch of the Greater Victoria Public Library gets ready to open for pickups in mid to late June. . . .
Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals
The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, accordi
Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
This is the Level Chainlink Needs to Surmount to See “Swift Rally” to Fresh Highs
Chainlink (LINK) could soon find itself caught within an uptrend that leads it up to fresh all-time highs if it breaks one key resistance level.
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it, and Chase Sapphire reward points can now be redeemed for groceries and takeout
Friday’s top personal finance stories
Globe editorial: Has the pandemic changed Doug Ford?
When Premier Ford ordered a swift shutdown of the province, his law and order instincts, and his plain language, caught the public mood
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
Forbes Magazine Has Revoked Kylie Jenner’s Billionaire Status And Accused Her Of Lying
She's only worth a paltry $900 million.
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Environmentalist makes case for wetland
An environmentalist, Mr. Adedamola Ogunsesan, Project Manager of LCF, has said wetland is more beneficial to the ecosystem than buildings.
EXCLUSIVE: Kylie Jenner could face criminal investigation and even JAIL over 'web of lies' surrounding her company's value after Forbes claimed she faked billionaire status, top financial fraud attorney reveals
Kylie Jenner could face a criminal investigation over alleged exaggerations of her company's value, financial fraud attorney Jan Handzlik told DailyMail.com.
Maharashtra CM’s not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
Airline success is not just about profitability
It's about delivering on shareholder objectives.
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Delhi Confidential: Probing Questions
Birla also took suggestions from experienced officials on ways to improve the functioning of departments, and has given some fresh instructions.
Southampton restricts beach access after 'hellish' Memorial Day weekend
The Town of Southampton is temporarily closing all its beaches to non-residents after rowdy crowds gathered at some town beaches Memorial Day weekend.
Canada's economy shrinks 8.2% in Q1 2020
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
Tesla's EV Market Share Is Low And Falling
What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Niti Aayog explains how India can access carbon credits worth $50-60 billion
In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.
'Eyewitness to a Pandemic' docuseries captures how COVID-19 changed New York region
It's the story that has upended life around the world, but the impact has been the greatest here, in the New York area. Eyewitness News will tell the story in the way that only New York's No. 1 News can in our new docuseries, "Eyewitness to a Pandemic."
No nation has veto power over AfDB, African leaders back Adesina
Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.
United Airlines cutting 13 top jobs, adding int'l flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Likelike Highway scheduled to close overnight twice in June for tunnel maintenance | Honolulu Star-Advertiser
A portion of Likelike Highway is scheduled for overnight closures twice in June for routine maintenance in the Wilson Tunnel, according to state officials.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Wanted Kitchener man arrested in Atwood
He was wanted for failing to comply with his release order
NPA appoints ex-Scorpion Sipho Ngwema as its new spokesperson
The National Prosecuting Authority has appointed former Scorpions point man Sipho Ngwema as its new spokesperson.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Maharashtra: For 3 years, govt plans to reduce local youth job quota to 60%
As per the existing guidelines, it is mandatory for industries to employ 80 per cent Maharashtra domiciled persons, and remaining 20 per cent employees from anywhere else. The quota has not been legislated, but effected by way of a government resolution.
United Airlines cutting 13 top jobs, adding international flights in July
(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
Food aid needed for Africa’s hungry strained by Covid-19 crisis
'Even if we help as many as we can, there’s always more to be done.'
Has online grocery shopping peaked?
Americans, it turns out, would rather visit a store than buy food online.
People are mistaking stimulus payments for junk or scam mail
"Got my 'stimulus check' in the mail today as a shady looking pre-paid debit card," said one tweeter.
Angus Kebbell talks to a Hurunui River dairy farmer and DOC's chief scientist about how land use changes brought by irrigation are changing the river catchment water quality
Angus Kebbell talks to a Hurunui River dairy farmer and DOC's chief scientist about how land use changes brought by irrigation are changing the river catchment water quality
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Singapore, China to launch 'fast lane' arrangement with COVID-19 measures for essential business, official travel
SINGAPORE: Singapore and China have agreed to launch a "fast lane" arrangement in early June to facilitate essential travel for business and ...
Chile, Peru secure credit lines from IMF amid pandemic
The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.
Karnataka HC questions policy to choose migrants for trains
Hearing a PIL on the plight of migrant workers in the state on Thursday, a division bench of the Karnataka High Court, comprising Chief Justice Abhay Sreenivas Oka and Justice B V Nagaratha, remarked that there was no clear and transparent “policy” by which passengers were being picked.
Maharashtra CM's not in favour of lifting lockdown; some easing likely
Chief minister Uddhav Thackeray on Friday indicated that Maharashtra, especially hotspots like Mumbai and Pune, would continue to remain under lockdow
World’s biggest lockdown to push 12m into extreme poverty in India
India’s 50-day shutdown brings misery as virus numbers surge.
Master of the APL England cargo ship charged over container spill
The APL England has also been ordered to pay $22 million in clean-up costs before the ship will be released from the Port of Brisbane.
Only 4 Shramik trains have taken over 72 hours to reach destination:Railways
The clarifications came amid criticism over delays that the migrant trains were getting 'lost' before reaching their destinations.Till May 28, VK Yadav said, 3,840 Shramik Specials operated ferrying a total of 52 lakh passengers.
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Food, shelter and free journey: Five big takeaways from Supreme Court order on migrants
Lakhs of migrant workers were stranded across the country without food, shelter and transportation after the nationwide lockdown was announced by the Central government from March 25 at just four-hour notice to limit the spread of coronavirus.
Indian economy grew at just 3.1% in January-March quarter, the slowest in 11 years
Output of eight core industries, meanwhile, declined by a whopping 38.1% in April, as against 9% in March.
SSS illegally detains victim for 14 months without trial, allegedly defies AGF’s order
FOR 13 months, the State Securitt Service illegally detained citizen Austin Ighodaro, without recourse for the due judicial process.
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
US approves sale of 84 Patriot missiles to Kuwait
The United States said Thursday it has approved the sale of 84 of the most recent generation of Patriot missiles to Kuwait, plus equipment to modernize the country's antimissile program, for a total of $1.425 billion.
Breaking: US Personal Spending plunged by 13.6% in April
Personal Spending in the United States declined by 13.6 on a monthly basis in April, the data published by the US Bureau of Economic Analysis showed
With the coronavirus, where government stumbles, litigation will step in
American ambivalence about government has left the courts to play an outsized role responding to public health crises like lead poisoning, asbestos-related illnesses and now, the coronavirus pandemic.
Minimum Wage Requirement Indicates Hamilton City Council Is Out Of Touch
Responding to Hamilton City Council's move to a minimum wage of $20 per hour for employees of its contractors, the New Zealand Taxpayers’ Union is labelling the decision tone-deaf.
Dam Catastrophes Can Be Prevented
Crumbling infrastructure puts communities at risk. A disaster in Michigan shows what’s at stake.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
PIC CFO suspension extended as disciplinary clears her of Ayo charges
Board says it will be
Endeavour Silver resumes operations at three Mexico mines
Canadian miner Endeavour Silver has resumed mining operations at its three underground silver-gold mines in Mexico.
After Sonu Sood, Amitabh Bachchan Arranges 10 Buses For UP Migrant Workers
Bollywood megastar Amitabh Bachchan came forward to help the stranded migrant workers reach their hometown in Uttar Pradesh.
US Turns Away Two Ships Carrying Iranian Fuel From Venezuela Under Sanctions Threat
Iran has been supplying petroleum products to Venezuela as the Latin American country is facing a severe shortage of gasoline and is struggling to procure it abroad...
Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
Somalia commission to probe killing of seven health workers
MOGADISHU (Reuters) - Somalia will set up a regional commission to probe the killing of seven health workers and report publicly within a month, the head of Hirshabelle state told Reuters on Friday, as the United Nations condemned what it called an outrage.
Virat Kohli only cricketer to feature in Forbes highest-paid athletes 2020 list
Virat Kohli took up the 66th position in the list of Top 100 richest sportspersons in 2020.
3 Recent Catalysts For Bitcoin
The first involves Square (SQ), which made recurring Bitcoin purchases available to its Cash App customers. The second news involves Shopify (SHOP), which renew
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Costco to bring back free samples next month – but it's not going to be like it was
"It's not going to be where you go and just pick up an open sample with your fingers," said Costco's CFO.
Fighting Covid-19 and building the future Human Resource Capital
Companies must use the pandemic to prepare for a post Covid-19 world
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
Gov't intervention after Fairmont Norfolk fired all employees
Prestigious hotel closed indefinitely
AI Startup Accern Secures $13 Million Through Series A Funding Round
Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
INVESTIGATION: SSS illegally detains victim for 14 months without trial, allegedly defies AGF’s order
FOR 13 months, the State Securitt Service illegally detained citizen Austin Ighodaro, without recourse for the due judicial process.
2 floors of Parliament Annexe building sealed after official tests positive for COVID-19
The sources suggested that there have been a few symptomatic cases of coronavirus among employees working in different secretariats and branches at Parliament and its adjoining buildings.
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
Netizens weigh in on jobs for foreign workers and locals
Netizens weigh in on jobs for foreign workers and locals
China’s First Civil Code Allows Citizens to Inherit Cryptocurrency
The Chinese Parliament has adopted the country’s first Civil Code, which among other things, enables citizens to inherit bitcoin and other cryptocurrencies.
'Only 4 trains out of 3,840 Shramik trains have taken over 72 hours to reach': Railways
Amid a report of Shramik Special train bound to Bihar's Madhubani from Mumbai reaching Odisha’s Rourkela without intimating the passengers about the change in the route, the Railways on Friday clarified that only four out of 3,840 trains have taken over 72 hours to reach their destination.
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
When dams cause more problems than they solve, removing them can pay off for people and nature
Thousands of dams across the US are aging and overdue for maintenance. Taking them down can revive rivers, restore fish runs and create new opportunities for tourism and outdoor activities.
Air Canada is using its business class-only private jets on some routes to make social distancing in the sky easier — take a look at the unique plane
The sub-fleet, known as Air Canada Jetz, typically fly sports teams and its aircraft feature all-business class seating with no pesky middle seats.
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
Sebi seeks time to file counter in High Court on PIL against Franklin MF
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
Region prepares for floods
The potential of thunderstorms in the B.C. Southern Interior has forecasters expecting river levels in the Boundary region to rise quickly early next week.
GST Council to meet next month; FinMin not for raising rates on non-essential items
Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
Sensex surges 224 points, Nifty reclaims 9,500-mark
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
How to keep supply chains reliable when the world's upended
In March, as COVID-19 cases spiked across the United States, hospitals faced a harrowing shortage of crucial medical supplies, from face masks and ventilators to the nasal swabs and chemicals needed for ...
Interstate Lockdown: Driver abandons vehicle, 21 passengers as FCTA arrests 74, impounds 3 buses
ABUJA: The Federal Capital Territory FCT Ministerial Task-team on the Enforcement of COVID-19 Restrictions has arrested 74 persons travel
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump
The USD/CAD pair held on to its softer tone through the early North American session and had a rather muted reaction to the US/Canadian macro data. Th
How to put 'found money' generated from pandemic savings to good use
CALGARY - An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no plac
Salon Chain Closes Outlets After Virus-Related Threats
The Great Clips hair salon chain has temporarily closed its outlets in Springfield, Missouri, after receiving threatening messages due to news that two of its hairstylists who tested positive for the coronavirus might have exposed 140 clients to the illness.
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
India’s tour of Australia could be held in only one or two venues if needed: CA chief Kevin Roberts
CA chief executive Kevin Roberts said the schedule could change depending on the travel restrictions due to the health crisis.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Blame it on virus: Future tense for farmers in distress
Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume
SINGAPORE: The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in ...
Xi replies to letter from scientific, technological workers
President Xi Jinping on Friday encouraged scientific and technological workers across China to make new and greater contributions to building China into a global power in science and technology.
-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter
Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]
Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past
West Ham headlines as €12m transfer claim made, Hammers slip down as new rich list revealed
All the very latest West Ham United news, views and transfer rumours from football.london as Gonzalo Montiel and Ryan Fredericks dominate this lunchtime's headlines
Ed Miliband demands more state support to rescue UK steel sector
Former Labour leader says government should consider taking equity stakes in struggling manufacturers
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Yogi Adityanath announces jobs for 11 lakh migrant workers, labourers; UP govt inks pact with industry
Yogi Adityanath said that he has received a list of 11 lakh migrant workers and labourers from bodies such as India Industries Association and FICCI and they have assured to absorb a huge labour force into the industry.
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
1 more day of excessive Las Vegas heat before a cooler Saturday
Las Vegas’ forecast high for Friday is 106 as a three-day heat wave begins to subside in the valley.
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
Lockdown 5: Shrines to reopen Monday, pvt offices to work with 100% staff from June 8, says Mamata
The announcements, two days before the end of the fourth phase of the lockdown, aimed to normalise the day-to-day functioning of major institutions, did not go down well with the opposition BJP and the CPI(M), who sought a rethink over the decision as the state was witnessing a spike in the number of coronavirus cases.
Electricity: Buhari approves funding for first phase of Siemens power deal
Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.
Greece to open to tourists from 29 countries from June 15
ATHENS (Reuters) - Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis
India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)
Investors, scientists urge IEA head to take bolder climate stance
LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.
Court stops FG from auctioning Dawes Island Marginal Oil Field
The Federal High Court sitting in Lagos Friday restrained the Ministry of Petroleum from selling or accepting bids for Dawes Island Marginal Oil Field...
40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
Jobless students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Covid lockdown: Mamata Banerjee announces slew of relaxations, shrines to reopen from Monday
India News: CM Banerjee on Friday announced a series of relaxations in the state from June 1 and claimed that the number of Covid-19 cases is increasing due to th
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
Furious Niger Gov revokes road contract - The Nation Nigeria
Niger Governor Abubakar Sani-Bello has ordered revocation of a road project by Jajove Solutions Services(JSS) in Suleja.He accused the...
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Blockchain.com Rolls Out Bitcoin Interest Accounts
Blockhcian.com, one of the early crypto wallet platform, has rolled out interest-bearing accounts for deposited digital assets.
Greece to open to tourists from 29 countries from June 15
Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
GBP/USD hits 2-1/2-week high, around 1.2365 region ahead of Trump
The GBP/USD pair quickly reversed a mid-European session dip to sub-1.2300 level and jumped to the highest level since May 12, around the 1.2365-70 re
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
Feds won't force airline ticket refunds for COVID-19 cancellations
The federal government is signalling that it won't force airlines to offer refunds to ticket holders for flights cancelled during the COVID-19 pandemic.
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
NCS ties up with TCS iON for providing free online skill training to registered job seekers
This course on soft skills assists the learners in enhancing personality development with modules on corporate etiquette, improving interpersonal skills, making impactful presentations, including other necessary soft skills demanded by the industry.
Coronavirus lockdown | Mamata Banerjee announces relaxations from June 1
Religious places can open up from June 1, says Bengal CM
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position
The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Spain's government pushes through basic income guarantee to fight poverty
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…
Bihar's industries minister writes to 24 companies inviting them to invest
Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast.
EasyJet to cut 30% of staff and reduce fleet
THOUSANDS of easyJet staff are to lose their jobs, the airline has announced as it restructures following the coronavirus pandemic.
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
UK has bumper strawberry crop thanks to weather but may not have enough pickers
Brits could be eating loads of strawberries this summer - but are there enough people to pick them?
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.
Anil Khanna defends decision, says can't authorise expenditure in absence of approval from president or secretary general
Tokyo Olympics News: Indian Olympic Association's finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookings relating
Court sides with Louisiana governor in fight over unclaimed property
A district court judge has ruled for Gov. John Bel Edwards’ administration in its lawsuit against Treasurer John Schroder over how to handle unclaimed financial assets.
‘Use CSR initiative to help needy people in Kollidam’
A public welfare organisation has approached the Nagapattinam district administration seeking utilisation of the CSR (Corporate Social Responsibility) funds of the Oil and Natural Gas Corporation for
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Williams considers sale of Formula One team
Pandemic adds to strain after poor performance on the track and £17m loss
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
About 600,000 visitors expected in Cyprus in August
Cypriot Minister of Transport, Communications and Works Yiannis Karousos, said that the country expects to receive about 600,000 passengers in August, noting
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent
The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO
This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.
Jobless and broke, some foreign students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
Govt unlikely to press for hike in GST rates for non-essentials next month
However it will have to find ways in which essential and non-essential items can be segregated
Nvidia Is Showing Investors It’s More Than Fun and Games
With the tech firm's investments in AI and autonomous innovations, NVDA stock has more catalysts at its disposal.
Somalia commission to probe killing of seven health workers
Somalia will set up a regional commission to probe the killing of seven health workers and report publicly within a month, the head of Hirshabelle state told Reuters on Friday, as the United Nations condemned what it called an outrage. Masked men abducted the health workers from a healthcare facility
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%
Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.
Sweltering temperatures make life and work in nursing homes even more difficult
Inadequate cooling systems result in uncomfortable residents and staff who tire quickly and move more slowly
Drought adds to Belgian farmers' coronavirus misery
BRUSSELS (Reuters) - As coronavirus lockdowns disrupt food supply chains and shuttered restaurants curb demand for some of their produce, Belgium’s farmers are grappling with another crisis - drought.
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20
Output of eight infrastructure sectors contracted by 38.1% in April.
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
What does Tesla slashing car prices really mean for the company?
Sales of all autos, generally, tanked in the last two months
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
Mamata Banerjee announces relaxations from June 1
West Bengal Chief Minister Mamata Banerjee announced a series of relaxations from June on Friday, while claiming that the number of coronavirus cases is increasing in the state due to the massive infl
The coronavirus could mark the rise of automation
The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World
The pandemic has merely highlighted the market’s pre-existing conditions.
Court remands man for alleged murder of footballer, Kazeem, in Ogun
Ogun Court sitting ordered the remand of Ogunsoro Niyi in police custody for allegedly causing the death of a footballer, Tiamiyu Kazeem.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
CannTrust plans to restart Niagara greenhouse after Health Canada reinstates licence
The cannabis company says it cannot say when its products will be available in the market as that depends on a Health Canada decision regarding its manufacturing facility in Vaughan, Ont.
Australia cricket faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be immune, board chief Kevin Roberts said on Friday. Cricket
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
South Africa to open up economy from June under eased lockdown regulations
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from next month as the country further
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19
White House Punts Economic Update in Election Year
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.
US Sec. of State Pompeo: Trump to make a series of announcements on China
US President Donald Trump will make a series of announcements on China on Friday, US Secretary of State Mike Pompeo told Fox News on Friday. Earlier i
Calm before the storm for Japan suicides as coronavirus ravages economy
The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Sappi donates essential items and products for Covid-19 relief
Sappi’s procurement department is also busy sourcing gloves and hand soap which will be added to the list of items to be donated.
A quarter of jobs at Belfast International Airport set to be cut
Airport boss warns it will take "years" for air travel to return to normal has he confirms plan to cut 45 jobs.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres
He said the pandemic could usher in a loss of USD 8.5 trillion in global output the sharpest contraction since the Great Depression of the 1930s.
Tiruvarur to get 405 solar-powered farm pumpsets
The Ministry of New and Renewable Energy has allocated 405 solar-powered farm pumpset connections to Tiruvarur district under the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PMKUSUM) Sc
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
South Korea 'comfort women' activist denies allegations
May 29 (UPI) -- The South Korean activist accused of misappropriating funds for surviving "comfort women" said Friday at a press conference the charges from former victim Lee Yong-soo are false.
Zscaler Stock Is Thriving as More People Work From Home
The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.
With rooms, flights going empty, here’s how airlines and hotels are making money
Two of the worst hit sectors due to coronavirus -- aviation and hotel industries -- are eyeing alternate revenue streams as lockdown dries up revenues.
Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20
Business Standard brings to you the top headlines of the day
Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet
Work.com is an example of investing in a downturn and now Salesforce.com aims to broaden its reach as a digital transformation engine.
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
Pontardawe-based care recruitment company finds 100 extra staff in 10 weeks
One care manager stated that the without the National Bank of Medical & Care Professionals they would have been 'up a creek without a paddle'
WATCH | Joburg hairdresser breaches lockdown regulations to make ends meet
A Johannesburg-based hairdresser has resorted to conducting business illegally after losing his income due to the nationwide lockdown that began on 26 March.
Central Vista: new buildings on KG Marg, Africa Avenue proposed for relocating govt offices
Projects to construct ‘steel structures’ were considered by DUAC on April 23 and May 15, but not passed
Roger Stone Set to Begin Prison Sentence Next Month without Mandated 14-Day Quarantine Period
According to the report, Stone will not have to be quarantined because of an exception to the BOP’s pandemic directive for newly sentenced inmates that was not explicitly stated in the text of the policy.
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough.
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
Volkswagen says next-gen Amarok will be 'adapted' from new Ford Ranger
Volkswagen says it will create the second-generation Amarok by “adapting” Ford’s upcoming new Ranger bakkie.
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
World's largest all-electric plane completes its maiden flight
The modified Cessna flew for 30 minutes over Washington state in the US
Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'
From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...
BC farms need workers
The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic.
India seeks bidders to implement ‘One Sun One World One Grid’
The Indian government invites proposals for the implementation of its 'One Sun One World One Grid' initiative, deadline for submissions is 6 July 2020.
When will Mumbai gets its rain? Maximum City to witness pre-monsoon from June 2-4, Maha to receive rain by June 8
The IMD on Thursday predicted that monsoon will likely hit Maharashtra by June 8 and pre-monsoon activities are expected to start by May 30.
White House punts economic update as US election draws near
While the economic forecast is being delayed, updated information about the nation's budgetary situation will still be released as expected this summer.
Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser
Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
Fintech marketplace Stackin secures $12.6 million ahead of UK launch
Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Coronavirus News: Social distancing concerns for subways, MTA services once NYC begins to reopen
As New York City still waits to enter Phase 1 of reopening, there is still no plan announced on how exactly people are supposed to socially distance themselves on the subway.
Covid-19 Reinforced Our Coffee Addiction
JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic.
Probe: US Interior official used office for personal gain
The Interior Department's Inspector General found that Assistant Interior Secretary Douglas Domenech reached out to a senior EPA official in person and later by email in 2017 to advocate for Domenech's son-in-law when he was seeking a job at the agency.
How we helped Nigerian govt discover unremitted $55b from OICs — Trobell
Trobell International Limited, said it helped the Nigerian govt. recover over $55 billion in unpaid royalties from international oil companies
Buy Foot Locker For 50% Upside as the Economy Reopens
Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
The 5 Biggest Social Security Lies You've Been Told
Myths and misconceptions surround the most-revered social program in the country.
Market LIVE: Sensex ends 600 pts up from day’s low, Nifty settles at 9,568; HDFC, ITC among top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 turned positive in the late afternoon deals on Friday. Nifty 50 index reclaimed 9,500-mark to trade at 9,521
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
Aer Lingus to deploy controlled boarding and contactless passes
Passengers and crew must already wear face masks
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Michigan residents could fall victim to predatory identity theft scams that make false unemployment benefits claims during the pandemic, the UIA warns.
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
US Mercenary Behind Botched Venezuela Incursion Associated With Businessman Who Betrayed Maduro
Venezuelan law enforcement has detained 66 persons in connection with the disastrous May 3-4 mercenary incursion of Venezuela, which was aimed at kidnapping President...
Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser
By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.
HEC Paris in Qatar to run online information session
HEC Paris, will be running an online information session about its degree programs on Wednesday, June 3, from 4pm to 5pm, Qatar time. During this session, prospective participants can meet HEC Paris in Qatar admissions team remotely to learn more about accelerating their career path by studying in one of the world’s most prestigious business schools.
ITC Hotels partners with Swiggy to offer dining options to customers
ITC Hotels had tapped into the food and beverage take-away model across the country recently. The chain said the association with Swiggy is aimed at reaching a much larger customer base.
IMD issues orange alert for Idduki, predicts very heavy rainfall in 48 hrs
Rains lashed Chandigarh and its surrounding areas on Friday, leading to a drop in temperatures by a few notches and bringing much-needed relief from the heat
Pontins open: Holiday park confirms dates for summer 2020 holidays and new rules
The company's six holiday parks have been shut for several weeks but are now set to reopen until the end of August as coronavirus lockdown measures are relaxed
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
CannTrust back in business
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
COVID-19 workplace complaints surge; unions rip administration
A surge in coronavirus-related workplace complaints is fueling criticism from unions and Democratic lawmakers that the Labor Department is ill-equipped to ensure workers are safe as more businesses
Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today
On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Europe moves ahead with lockdown easing, but caution in Asia
Several European countries including France and Britain on Thursday moved to further lift crippling coronavirus lockdown measures, but fresh restrictions in parts of Asia signaled the crisis is far from over.
Land acquisition to be made easier in Uttar Pradesh
Continuing his efforts to promote industrialisation in the state, Uttar Pradesh Chief Minister Yogi Adityanath has now issued directions to amend.
Sanofi's head of vaccines leaves for smaller competitor Ipsen
PARIS (Reuters) - Sanofi’s head of vaccines David Loew will quit to become chief executive of Ipsen from July 1, the two French drugmakers said on Friday.
The Regulatory State Is Failing Us
Tyler Cowen suggests how to address some of the biggest obstacles to fighting COVID-19.
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
Hawaii budget shortfall now projected to be $2.3 billion | Honolulu Star-Advertiser
There was a lot of guesswork involved, but a panel of experts concluded Thursday that state tax collections will drop by 7% this fiscal year and another 12% next year, leaving Gov. David Ige’s administration with a whopping $2.3 billion budget hole to patch up.
UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic
Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.
Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers
The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.
Batsa continues legal fight to lift tobacco ban
Group says it must stand up for its customers, suppliers and employees.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
New site is one-stop shop for B.C. workers, farmers, during pandemic
VICTORIA — The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic. A statement from the Ministry of. . .
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Virtual town hall to discuss proposed Chinatown homeless center related to COVID-19 | Honolulu Star-Advertiser
Plans for what’s being called a Homeless Triage and CARES Center in Chinatown will be the subject of a “virtual town hall” being held this afternoon by the Institute for Human Services, the project’s sponsor.
Want to buy an F1 team? Williams is considering selling
LONDON — Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review. Williams G
For Yamaha, WFH has ‘no connection with distraction’
It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
Beginners Guide to Proton Chain: A Bridge to Traditional Banking
Proton started as a joint venture between two separate companies, Metal, and Lynx. Both companies had a similar vision of bringing cryptocurrencies to everyday consumers.
Trump's Final Executive Order On Social Media Deliberately Removed Reference To Importance Of Newspapers To Democracy
We wrote a detailed breakdown of the President's silly, nonsensical, legally wrong Executive Order regarding social media...
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance institutions. The NABARD has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks, he said, adding that disbursements to MFIs will commence shortly.
UP signs MoUs with industry bodies to create 1.1 million jobs for migrants
The migrant workers will lay the foundation of New UP, says CM Adityanath
HK govt warns US threats of sanctions will hurt itself
The Hong Kong Special Administrative Region (HKSAR) government late on Thursday expressed strong opposition to sweeping remarks contained in a report by the US State Department titled US – Hong Kong Policy Act, and warned that the interests of US corporations in Hong Kong will also be affected if the US adopts sanctions on Hong Kong.
GST Council may find it difficult to raise GST rates
It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April
Lagos approves increase in passenger carriage for BRT buses
Regulated high capacity buses in Lagos operated by Primero Transport Services Limited and Lagos Bus Services Limited can now carry 42 passengers seated....
Five Things You Need to Know to Start Your Day
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After Facing Uproar, TTD Decides Not To Sell Or Auction Any Property
Facing a backlash for their recent decision to auction some properties in Tamil Nadu, authorities of the Sri Venkateswara temple on Thursday (28 May) decided not to dispose of any property.
Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket News: Cricket Australia has not ruled out the possibility of the Covid-19 pandemic forcing a change in the schedule for India's tour with the board still ke
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
Will Zimbocash Succeed Where Others Failed As Alternative Currency?
Zimbabwe’s crypto community got lit up when it was reported that Zimbocash, a local cryptocurrency was listed on Bithumb. Whether Zimbocash will suceed.
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
Avoid GE Stock? Depends if You’re Trading or Investing
General Electric may not make for a great investment, but GE stock it has some upside and a well-established bottom.
Mnangagwa's son speaks on corruption allegations
President Emmerson Mnangagwa's son, Collins Mnangagwa, has furiously denied allegations that he is part of the company which pocketed almost US$1 million ...
Looking for ECB to expand PEPP by €500 billion – TD Securities
Previewing the European Central Bank's monetary policy meeting next week on June 4th, "the focus of the June meeting will likely be the expansion of t
Romanian Pickers Arrive in Private Jet to Save Italy Vineyard
Italy's vines have not stopped growing during the country's long coronavirus lockdown, but without their usual foreign grape-pickers, winemakers are now fearing for their harvests.
Private buses in Mangaluru to introduce Chalo Card
It gives passengers an option to pay travel fares through smart card
Governor Wolf to lift more pandemic restrictions in Pennsylvania
Action News coverage of the coronavirus COVID-19 outbreak
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
When haircut burns a hole in your pocket
Salons in city jack up prices post-lockdown
Shifting Gears: Meet Amazon's most important man who's not Jeff Bezos
In this week's newsletter: Inside Amazon's logistics machine, how to find a steal of a used car, and looming airline layoffs.
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
The Justice Department has opened an investigation into the killing of George Floyd
Attorney General William Barr called video footage of Floyd's death "harrowing to watch and deeply disturbing."
After IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Degree exams likely to start from June 20
TSCHE suggests reduction of exam time from three to two hours
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
State varsities will be emboldened, says Governor
‘Universities likely to adopt blended approach of face-to-face and online classes’
COVID-19: FairPrice Group, WhyQ launch zero-commission islandwide food delivery platform
SINGAPORE: FairPrice Group and food delivery start-up WhyQ have launched a new digital platform offering islandwide food delivery at zero ...
Costco to bring back free samples – but it’s not going to be like it was
Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free
Pier 1's 'awful day' arrives with judge approving liquidation
The end is near for Pier 1 Imports Inc.
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
Delta Stock Could Lead an Airline Rally
DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
Tencent in talks to buy Warner Music stake: WSJ
(Reuters) - Chinese internet giant Tencent Holdings Ltd (0700.HK) is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported here on Friday.
Shadow chancellor says firms getting Covid help should pay back society
Anneliese Dodds told people in County Durham there should be a new social contract with firms that have been supported through the crisis.
TNSTC operates 143 buses across four districts for essential services
Coimbatore Division of the Tamil Nadu State Transport Corporation (TNSTC) operated 143 buses across four districts for essential services on Friday.The buses were operated for conservancy workers, gov
AI Weekly: Autonomous vehicle companies pivot to charitable deliveries during the pandemic
During the pandemic, autonomous vehicles companies like Beep, Gatik, and Optimus Ride are helping to deliver goods to those in need.
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
Trump’s fossil fuel agenda gets pushback from federal judges
BILLINGS, Mont. — Federal courts have delivered a string of rebukes to the Trump administration over what they found were failures to protect the environment and address climate change as it
School Sets Up Virtual Class To Help SMEs
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease
Mid-June earliest for more in-province travel to be authorized
Street vendors want to resume business
With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
Restrictions on entry to be introduced in Kyiv subway from June 1
An increase in passenger traffic is expected in the subway from Monday.
Labor calls to lift cap on home-loan deposit scheme to help construction
Labor is pressing the government to open its first home loan deposit scheme to all eligible people building a new home to help the struggling sector.
New jobs dry up amid shutdown
New job postings nosedived 87 percent year-on-year in April on the leading job search sites in Bangladesh, highlighting the strain the country’s labour market has been going through because of the
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
Airlines prepare to partially resume flights
The national airline Biman and two local airlines -- US-Bangla Airlines and Novoair -- are preparing to resume domestic flight operation from June 1 following the health guideline prescribed by the
Bomb squad block off Kilwinning street after item found in river
A 200m area was blocked off as a result of the discovery in the Ayrshire town.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
Coronavirus Live Updates: Read The Latest About The COVID-19 Outbreak
Stay up to date as we cover the ongoing coronavirus pandemic and its effects across the world.
After much trauma, 21 migrant workers head home
Recount tale of abuse that pushed them to leave a nursery in Shoolagiri
Large cruise ships barred from Canadian waters until end of October: Garneau
The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
Anies appoints former Merpati Airlines CEO to helm Transjakarta
The former head of state-owned Merpati Nusantara Airlines is the new president of city-owned bus operator Transjakarta.
Textile garment workers worst hit by COVID-19 – NUTGTWN
The President, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), Comrade John Adaji has said that workers
Travellers coming to Karnataka have to pay for their own tests
‘Aim is to improve participation of private labs in testing’
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Bus owners push for doubling fares
With buses set to hit the roads from Monday, transport owners have started asking for permission to double the fares, because the vehicles would carry fewer passengers to prevent coronavirus
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
U.S. Treasury unveils rules for carbon capture tax credits
WASHINGTON (Reuters) - The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
Why millions of Americans are getting coronavirus stimulus payments on scammy-looking debit cards
The federal government is sending out financial aid that looks like junk mail.
Why India needs to put cash in the hands of the poor
GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.
Buhari: Close to a billion dollars stolen under Abacha
President Muhammadu Buhari says Nigeria wishes to benefit the world and not to forever be in the need of aid.
Krishna water from Andhra Pradesh reaches Poondi reservoir
WRD is now diverting water to Chembarabakkam to augment the storage which was at 1.9 against a total of 3.6 tmcft.
Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?
The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
Four-hour limit on MPs to review pandemic spending ‘unfortunate, to say the least,’ PBO says
‘The amount of scrutiny for this unprecedented spending would also be unprecedented, but for the wrong reasons,’ Yves Giroux told MPs Friday
Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana
ACCRA — Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.
US Asians, harassed over coronavirus, push back on streets, social media
A spike in harassment of Asian-Americans since the coronavirus pandemic began has led community activists in the United States to fight back - forming street patrols, rallying on social media, and supporting each other online.
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
TTD to release white paper on all its immovable assets
Details to be uploaded on official website in order to usher in more transparency
NSHE officials urged to restart search for new UNLV president
UNLV is looking to resume its search for a new president after the process was interrupted by the COVID-19 pandemic.
Heavy rain forecast for Thiruvananthapuram district
Yellow alert issued, four shutters of Aruvikkara dam raised
Lockdown likely to be extended as corona cases rise
AGENCIES New Delhi The nationwide lockdown - the fourth phase of which ends on May 31 - is likely to be extended beyond this date with more relaxations as
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden reported its gross domestic product grew at an annual rate of 0.4 percent from January through March, perhaps as a result of not imposing a full lockdown.
RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript
RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -
Bulldozing starts to improve laneway to Lake Tuggeranong
The concrete jungle stuck in the 1980s will be replaced by open space and grassed areas as well as more outdoor dining.
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
Coronavirus | Koyambedu cluster happened despite precautions, Madras High Court told
‘CMDA distributed masks and disinfected premises daily’
Sonoma Pharmaceuticals News: SNOA Stock Skyrockets 117% on COVID-19 Disinfectant
Sonoma Pharmaceuticals (SNOA) is in the news Friday after approval for a disinfectant of the novel coronavirus sent SNOA stock skyrocketing.
Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation
The end is near for Pier 1 Imports Inc.
276 stranded sailors return home
NT NETWORK Vasco A special repatriation flight from Rome in Italy brought 276 stranded Indian seafarers to Goa in the wee hours of Friday. According to
Student Loan Refinance Marketplace Splash Financial Raises $12.3 Million Through Series A Funding Round Led By CMFG Ventures & Northwestern Mutual Future Ventures
Splash Financial, a U.S.-based student loan refinance marketplace, announced earlier this week it secured $12.3 million through its Series A investment round, w
House scheduled to return for votes in late June
House Majority Leader Steny Hoyer (D-Md.) released an updated floor schedule for the lower chamber on Friday that would have lawmakers staying in their home districts for most of June before
Shadow chancellor says firms getting Covid help should pay back society
Anneliese Dodds told people in County Durham there should be a new social contract with firms that have been supported through the crisis.
FG secures 1,295 convictions in one year - The Nation Nigeria
An 82-year-old hypertensive patient has recovered from coronavirus in Osun State.She was discharged from Isolation and Treatment Centre...
Retired engineers urge Centre to stop Telangana projects
‘CWC, KRMB must critica’ly examine new irrigation projects in that State’
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
Theresa May says Dominic Cummings 'did not follow the spirit' of lockdown rules
EXCLUSIVE The former PM became the latest senior Conservative to criticise the behaviour of the No10 aide as the Tories divide on Mr Cummings deepened
Department of Agriculture issue Status Red forest fire warning
The Department of Agriculture has issued a Status Red forest fire warning that will remain in place across the June Bank Holiday weekend
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
Morgan Stanley plans June return of some traders to New York headquarters: CNBC
(Reuters) - Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.
FDI inflows from Caymans triple
FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking
How the pandemic will shape the fashion world
A total of 61 per cent Indians reported less time shopping online in the wake of the current crisis, while 43 per cent of Indians have delayed purchasing clothes in the outbreak, says a report
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
Italian magistrates target Uber Italia over alleged rider exploitation: sources
MILAN (Reuters) - Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday.
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
Dongban Mensem: Buhari extends appointment of president of appeal court
President Muhammadu Buhari has approved the extension of the appointment of Justice Monica Dongban-Mensem as the acting president of the Court of Appeal (PCA).
New York City eyes June 8 for first phase of reopening
New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis, Gov. Andrew Cuomo said Friday.
Why Virgin Galactic Is Still Dreaming of Space Travel
Although the markets are turning positive, several fundamental factors are conspiring against Virgin Galactic.
Contest: Win a physical copy of Arcade Spirits for Switch or PS4
In today's contest you can win a physical PS4 or Switch copy of visual novel Arcade Spirits! The last true arcade I remember seeing was an Aladdin's Castle at the mall in Virginia Beach. I have fond memories of going there and wasting away ...
Uber lays off more employees
Several employees at Uber’s Hyderabad offices have been laid off, as part of the company’s global job cuts.Employees from the Kondapur office said that the lay-offs started on Tuesday. An exact figure
Investor group allowed to buy Grindr from Chinese firm for $620M
Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent
As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.
Forest dept. told to permit sand removal from Pampa
KCCPL directed to resume work from today
Over 50% of Bihar migrants eat once a day
A first-of-its-kind survey on the state of migrant workers who have returned to their homes in Bihar has revealed some worrying facts about their worsening situation
BEST not to charge migrant workers for ride to railway station
Move follows Supreme Court order
Americans Turned Less Gloomy About The Economy in May
Current conditions look better than they did a month ago but the outlook for the future is grimmer. |
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Shadow chancellor says firms getting Covid help should pay back society
Anneliese Dodds told people in County Durham there should be a new social contract with firms that have been supported through the crisis.
Delhi HC seeks RBI’s reply on expired cheque due to covid-19
The case of the petitioner was that he is aggrieved by the act of bank in refusing to honour a cheque dated 16 January 2020 for an amount of Rs.10 lakhs on the ground of instrument being staled
As job loss mounts, labour ministry ties up with TCS iON for career counseling
The career counseling service will be offered on the national career service (NCS) platform for free in Hindi and English languages, and try to cover the soft skills and basic job skills that industries demand
No time limit for bringing back workers: Yogi
The state is “resolved to get back all its workers safely, respectfully and free of cost and there is no time limit to this exercise”, Adityanath said at a meeting held to sign memorandums of understanding with industry bodies
1,000-year-old Viking boat found buried on Norwegian island
May 29 (UPI) -- Officials in a Norwegian county announced a 1,000-year-old Viking ship has been found buried on the same island where a ship of similar vintage was found six months earlier.
14 ex-presidents back Adesina, warn against distracting AfDB
The former leaders said the bank and its president, Akinwumi Adesina, should not be distracted at a time when the continent is battling a pandemic.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
A moment for civilisational introspection
There is a collective culpability in the social crime during the lockdown — of the dispossession of India’s working poor
Ryanair expects air fares to fall when flights take off again
’We think it’s pretty clear that for the next 12 months prices are going to be way down,’ says Michael O’Leary
Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months
Parvathipuram MLA, Collector take the initiative
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
Buhari extends appointment of Justice Dongban-Mensem as acting President of Court of Appeal
President Muhammadu Buhari has approved the extension of the appointment of Hon. Justice M.B. Dongban-Mensem as the Acting President
High Court appoints advocate commissioner
Migrant workers not stranded in Medchal, says TS govt.
The White House's coronavirus postcards cost the struggling Post Office $28 million
It's yet another complication for President Trump's strained relationship with the federal agency, which receives no taxpayer funding.
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
More than 1.65 lakh people travelled in 2,198 flights since resumption of services
Civil Aviation Minister Hardeep Singh Puri, who has been sharing daily updates on the numbers of flights and flyers, said, 'Our airports continue to function smoothly.' So far, 16 asymptomatic passengers on seven different flights have tested positive for the novel coronavirus after landing in their respective destina
Online child sex abuse cases triple under lockdown in Philippines
Cases of online child sex abuse in the Philippines have tripled under coronavirus, the government said, with campaigners warning that the country's lockdown has left more children vulnerable to exploitation by human traffickers and cash-strapped relatives.
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
Feds extend cruise ship ban through the summer
Ottawa has announced that any cruise ship that carries more than 100 people will be prohibited from operating in Canadian waters until at least Oct. 31, pushing off the possibility of a summer cruise ship season. Prime Minister Justin Trudeau said Friday that the decision to extend the cruise ship ban has been taken to keep Canadians safe.
Palestinian Authority eases lockdown measures as coronavirus cases decline
Given lack of other options, authorities used restrictions as main tool to fight pandemic
Mechanised boats to go for fishing on turn basis
THOOTHUKUDIAfter losing their livelihood for nearly 90 days – 25% of 2020 – the mechanised boat fishermen are gearing up to venture into the sea for fishing from June 1 onwards, but only on turn basis
Forecast: Pleasant conditions expected through the weekend
Breezy trade winds with mainly windward showers are expected through the weekend.
Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
301 Chinese evacuated from Nigeria
Kayode Oyero At least 301 Chinese citizens have returned home from Nigeria, The PUNCH has learnt. The nationals were evacuated on Thursday night through the Murtala Muhammed International Air...
PizzaExpress to launch pasta delivery service in hunt for revenues
Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
Amazon Doesn't See Demand Slowing Anytime Soon
It still has capacity constraints in its warehouses.
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
Dundalk Shoppers: New 'Traffic Light' queue system to be rolled out at Lidl stores
Lidl Ireland are introducing a new Covid-19 queue management system designed to control the number of customers entering and exiting the store at any one time, in order to maintain social distanc...
Apex court to hear Mistry’s plea for seat on Tata Sons board
The Supreme Court on Friday agreed to hear ousted Tata Group Chairman Cyrus Mistry’s petition seeking a “proportionate” representation for Shapoorji Pallonji Group (SP Group) on Tata Sons board.The SP
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
White House, Trump accounts both get Twitter rulebreaker warning
Twitter waited almost four years into the term to act, and Trump's not happy.
UP’s economic activity returning to normalcy; here’s what industrial power demand data shows
After two successive months of depressed economic activity, industrial power consumption in UP, this week, crossed 90 per cent of the average consumption recorded in February.
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
Places of worship to open from June 1; private, govt offices with ‘full strength’ from June 8 in West Bengal
West Bengal Chief Minister Mamata Banerjee on Friday – two days before the lockdown 4.0 to end -- said that all places of worship in the state will.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
2,198 Flights Ferried Over 1.65 Lakh People Since Resumption Of Services
More than 1.65 lakh people have travelled in 2,198 flights till Friday afternoon after the government allowed partial resumption of domestic services from Monday amid the coronavirus-induced lockdown.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram
"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.
RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank
The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.
ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore
The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.
Concession in fixed charge of power bills
The government has decided to grant 25% concession in the fixed charge of the power bills of commercial and industrial units and private hospitals for March, April and May and granted time up to Decem
State gaming win down 99.6% in April with coronavirus closures
Clark County win was down 99.5 percent from a year ago with the only win coming from scattered bets from companies with sports betting apps and online poker.
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Forget the fast-food fix, Morrison's trying a new economic recipe
The September deadline on the industrial relations reform negotiations will be the first litmus test of the Coalition government's new era of co-operation.
Endeavour receives shareholder approval for Semafo merger
Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.
High Court victory puts keepers of secrets on notice
Australians have a right to know what happened in 1975 and to know what happens in our name today.
Fors and against investing in cryptocurrency you need to be aware of
Investing in cryptocurrency seems to be a major risk for some. The article outweighs the pros and cons of investing in cryptocurrency
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Trump official violated ethics rules in seeking EPA job for relative, watchdog finds
A top Trump official at the Interior Department used his government connections to help a relative secure a job at the Environmental Protection Agency (EPA), according to an internal government
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Karachi: 80 percent of PIA's crashed plane wreckage removed
Three trucks full of plane wreckage have been shifted to airport
Why some commercial landlords evict tenants and let properties sit vacant
Amid calls for provincial moratorium on commercial evictions, Premier Doug Ford says he doesn't understand why properties sit vacant
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
Salesforce Writes Off $25 Million as it Abandons Offices
Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..
Minimum Wage Hikes And Handouts -Sounds Like Labour
“It sounds like Labour, is what I’m already hearing about National’s promise to raise the minimum wage regularly while handing out money to businesses,” according to ACT Leader David Seymour
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
IMD revises forecast, southwest monsoon to hit Kerala on June 1
Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
Singapore-China to open essential travel corridor in early June
SINGAPORE (Reuters) - Singapore and China plan to reopen essential travel for business and official purposes between the two countries early next month, they said in a joint statement on Friday.
The man leading the fight for Australia's second airline
Virgin Australia has been the highest-profile victim of COVID-19. And its collapse has thrown the formerly under-the-radar Vaughan Strawbridge into the spotlight.
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Collapse of house highlights failure to remove slums in Puttenahalli lake
The house collapsed following heavy rain
It Looks as If American Airlines Stock Is Set for a Big Return Next Year
American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
Joshua Wong: Hong Kong Cannot Prosper Without Autonomy
The prosperity of Hong Kong is based on its autonomy, not Beijing’s dictatorship, writes Hong Kong activists Joshua Wong and Glacier Kwong.
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
President Mnangagwa’s Son Collins Speaks On Corruption Allegations Over US$1m Covid-19 Scandal
President Emmerson Mnangagwa's son, Collins Mnangagwa speaks on corruption allegations denying that he is part of the company which pocketed almost US$1 m
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Threshold are calling for an immediate extension on the ban of evictions and rent increases
Threshold, an Irish housing charity, has today called for an extension on the ban currently in place on evictions and rent increases, which is due to...
Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat
Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.
Bald eagle nest spotted in Cape Cod for first time in 115 years
Bald eagle numbers in Massachusetts have soared so far in 2020, according to state wildlife officials. They described the ascension as “a dramatic uptick,” with more than 70 active nests located
Fishers confirm immediate closure of its Perth laundry
“This has been an incredibly hard decision, closing a good laundry and losing great people, many with long service"
Southwest Is a Much Better Pick Now Than American Airlines Stock
Investors looking to play the rebound in airline stocks should pass up AAL stock because the firm's shaky finances will hurt its recovery.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
Federal government extends ban on large cruise ships operating in Canadian waters until end of October
In March the government barred ships with more than 500 passengers until July 1
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
Roam close to home: Europe’s tourists play safe in pandemic
Countries hope travel bans will be lifted in time to give their economies a boost
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock
An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
Enterprise became America's largest car rental by hiring 'amiable jocks' straight out of college, and it might help it survive the car rental apocalypse
As other car rental companies begin to bite the dust, Enterprise's unique hiring strategy may allow it navigate unprecedented challenges facing the industry.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Grants for charities helping children hit by coronavirus
Two county charities have received grants of £2,500.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Dentists warn of delays to reopening surgeries after surprise statement
Don’t expect to be back in the dentist’s chair on Monday week - that was the blunt warning from local surgeries after the government announced dental services could restart from June 8.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
Lead and we follow: country of over-achievers in times of crisis
History shows that national unity only lasts as long as the emergency.
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
Logging in Hulu Muda threatens water supplies for three states, says Penang Water Supply Corporation
GEORGE TOWN, May 29 — The proposed reopening of logging concessions in Ulu Muda, Kedah, announced by Mentri Besar Muhammad Sanusi Md Nor, is seen as leading to more deforestation activities in the most important water catchment area in the northern area in the future. Perbadanan Bekalan Air Pulau...
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
High Court victory puts keepers of secrets on notice
Australians have a right to know what happened in 1975 and to know what happens in our name today.
Rivers community reacts as NCDC orders shutdown for 21 days
The people of Asari-Toru Local Government Area, ASALGA received the directive of the Nigeria Centre For Disease Control,(NCDC) to shut down for 21 days following the sudden demise of the executive chairman of Area, Odiari Princewill, who was said to have died from coronavirus with mixed feeling.
Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]
The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
Bulgarians Amongs the Citizens with the Biggest Financial Lost amid Pandemic
The citizens of Hungary, Bulgaria, Italy, Greece and Spain suffered biggest financial loss amidst the coronavirus pandemic.
Deloitte's call for Virgin emergency cash rejected as liquidity fears rise
The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data
Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the country.
CIL's coal quota under e-auction for non-power sector up 3-folds in Apr
The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants
UK Sought 'New Entrants' in 5G Networks Amid Huawei Approval, US-China Trade Tensions - Downing Street
The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant's role in...
Australia's back in business - but nothing is usual
As the lockdown lifts, pubs, restaurants, tourism operators and funeral homes are all changing the way they operate.
Government urged to act before more regional journalism jobs go
Communications Minister Paul Fletcher is under pressure to allow mergers between regional media companies as fears grow of more job losses.
Aviation regulator says locusts a threat to flight ops, issues guidelines
India is battling the worst desert locust invasion in more than 21 years
Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data
GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
7 Stocks to Buy to Ride the Vegan Wave
Plant-based foods have become big business in America. And these food stocks to buy show that America is crazy about meatless alternatives.
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
German government fails to agree on green hydrogen strategy
BERLIN/FRANKFURT (Reuters) - Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions.
Is international travel allowed yet? See when Spain, Mexico, Italy, UK plan to reopen borders
Spain has announced that it will reopen its borders to foreign tourists in July and Mexico will start reopening in June. See when others will follow.
PSNI to step up patrols over weekend as senior officer says R rate has increased
The PSNI are to increase their patrols at resorts, beauty spots and bus and rail stations over the weekend amid warnings that the R rate has risen.
Nigerians to pay stamp duties on ATM printouts, some WhatsApp messages – FIRS
The Federal Inland Revenue Service (FIRS) revealed that Nigerians will now pay stamp duties on some WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. Stamp duties will also be paid by
Ireland’s leading Olympic hope may retire unless government relax rules
Two-time world rowing champion Sanita Puspure fears her hopes of gold in Tokyo could be ruined by lockdown policies.
High Court victory puts keepers of secrets on notice
Australians have a right to know what happened in 1975 and to know what happens in our name today.
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
Pakistan resumes int’l flight operations from Saturday
ISLAMABAD: The Civil Aviation Authority (CAA) on Friday announced that Pakistan will resume international flight operations from May 30 (Saturday).“As per decision of the federal government, th
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
CBI initiates inquiry into financial affairs of Tablighi Jamaat over ‘dubious cash transactions’
Sources said a case has been registered on the basis of a complaint from the Foreigners Division of the Ministry of Home Affairs alleging that the organisation has violated Foreign Contribution Regulation Act (FCRA).
RAF fire crews are scrambled as lockdown-flouting pilot makes bizarre 300-mile trip to Prince William's ex-Anglesey airbase when it was closed because he 'wanted a day at the beach'
EXCLUSIVE: His £4million aeroplane was surrounded by fire crews and military police as he touched down at RAF Valley in Anglesey on Bank Holiday Monday afternoon.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Mental health, job opportunities among issues raised by youths in engagement sessions
SINGAPORE: Mental health, future job opportunities and environmental sustainability were among the issues in focus among youths who participated ...
Court rejects bid to revive permits for new oil and gas pipelines
A federal appeals court on Thursday turned down the Trump administration's request to revive a permit program for new oil and gas pipelines.
40,000 migrants in Kozhikode waiting to return home
Six more special trains to be operated for stranded workers
Bonfire of dead rules to drive Australia's recovery
Over-regulation risks a "meandering" economy that will struggle to re-employ Australians who have lost their jobs.
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Brookfield open to working with other Virgin bidders
Brookfield is back in the Virgin race. A big weekend of negotiations loom, but only two bidders can be allowed to go past Monday.
Tobias Moers: Engine king of Mercedes takes wheel at Aston Martin
AMG chief is ‘diametric opposite’ of ‘nice’ predecessor Andy Palmer
We'll All Be Renting a Local Airbnb This Summer
Yes, people are itching to travel, but their first holidays are likely to be close to home.
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
Man charged with providing carpooling services during circuit breaker
A 53-year-old man was charged in court yesterday with providing carpooling services during the circuit breaker period. Ng Chiang Huat, a Singapore permanent resident, was slapped with three charges. On April 23, Ng allegedly left home without a reasonable excuse...
USDA’s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon
SNAP benefits will now work for buying groceries on Amazon and other associated partners in up to 25 states.
India using public digital infra to achieve economic goals at home, connect globally: Jawed Ashraf
India's High Commissioner to Singapore Jawed Ashraf further noted that building digital connectivity and partnerships with Singapore and ASEAN countries, is a priority for India and highlighted how technology has been used effectively to achieve public policy goals in the country during COVID-19 disruptions.
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
ASB Quarterly Economic Forecast: Fast and furious
New Zealand is emerging out of lockdown into a very different world to the one we all heralded in at the start of the year, and although for us the health crisis may be easing, the economic one is only just starting.
DC Appeals Court Dumps Lawsuit Claiming Multiple Tech Companies Are Engaged In An Anti-Conservative Conspiracy
Early last year, a federal court dumped a lawsuit filed by alt-right figureheads Laura Loomer and Freedom Watch (Larry Klayman's...
Governor Waiguru, PS Kibicho Fight Over Recognition for County Projects [VIDEO]
PS Kibicho burst out into laughter after being sent to return Waiguru's dowry by...
Farm wages doubled in many agricultural districts as migrants labourers returned home
Farmers are trying to lure migrants back by offering them rail tickets and other incentives. Many farmers in Punjab, Haryana, West Bengal, Telangana and Andhra Pradesh are trying to mobilise local labourers to prepare nursery beds and sow paddy, which is a very labour-intensive task.
Stephen Mayne: Time for the Murdochs to sell out of News Corp
Rupert Murdoch needs to put up money to support Australian journalism, or be forced to sell the company, Stephen Mayne argues.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Multi-use trail touted for E&N line
Developing a multi-use trail along the length of the old E&N corridor would benefit cycling commuters, boost tourism and small business and cost far less than reviving a defunct rail service, . . .
Renault to restructure factories, confirms 15,000 job cuts
News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
Rising US job losses stoke fears of lasting economic damage amid pandemic
The numbers are extraordinarily high by historical standards, economists have warned.
Lagos BRT increases fares by 50%
Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...
After speaking with Shah, Goa CM hints, lockdown may be extended by 15 days
He told the media that after speaking with Union Home Minister Amit Shah, he felt that the lockdown may be extended for another 15 days. We however demand that there should be some more relaxations.
The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million
The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
Long-term care's crisis
Conditions in long-term care are breaking the people who staff nursing and retirement homes, leading to worse care for the vulnerable seniors who live there, the head of the Canadian Support Workers Association said.
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs
Top official admits that manufacturer had been spending way too much, plans 10% job cuts
Beijing hardens resolve to defy US, even while calling for cooperation
Ignoring threats from Washington, China stripped another layer of autonomy from Hong Kong on Thursday, plowing ahead with a plan that would ban any form of dissent deemed subversive in the territory reclaimed from Britain more than two decades ago.
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
Non-essential shops to reopen: What shops will it include and when will it happen?
The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap
Spraying neem oil on standing crops to be effective in eliminating locust attack
As parts of Maharashtra and other states face attacks from locusts, which destroy crops and vegetation, an agriculture university has suggested a slew of measures like destroying their eggs and spraying neem oil on crops to tackle threat from the migratory pests.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now:Suicide concernsHealth workers in Japan are worried the economic shock caused by the coronavirus pandemic will see a return to the 14 dark years from 1998 when more than 30,000 people killed themselves annually.
McDonald's says free Family Meal Box giveaway is a hoax
It was perhaps a deal too good to be true. A URL had been circulating on social media claiming McDonald's is "supporting the nation" by giving two free Family Meal Box vouchers for a week per family. It instructed visitors to answer three questions, before...
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
Meeting planned: Chelsea and Juventus could consider various swap deal options aside for €40m star
Number of potential deals on agenda...
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed
The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling
Japan's disaster plan revised in light of coronavirus and typhoons
The government's revisions address the reality of the virus, as well as the damage caused by typhoons Faxai and Hagibis last year.
Ruling on plea of sugar mill owned by Sharifs reserved
The plea pertains to the SECP's non registration of the mill's shares.
Employers slam Victorian Premier's office lockdown
Daniel Andrews has banned workers from returning to offices until at least July.
Jobless students stranded in Australia turn to handouts
MELBOURNE, May 31 — Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and fun-kissed adventure, but the coronavirus crisis has left many jobless and depending on food handouts. Each day up to 100 students from Asia, Latin...
Man accused of cheating firm of $900,000 in Covid-19-related scam
A man suspected of defrauding an overseas distribution firm of more than US$646,000 (S$917,000) was charged yesterday with one count of cheating, in one of the biggest scams related to the Covid-19 outbreak here. On April 30, Singaporean Chee Jian Rong allegedly duped Mr...
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
The government has announced it will refund $721 million it claimed as part of its unlawful 'robodebt' scheme
The federal government has announced it will scrap its controversial ‘robodebt’ scheme, which attempted to automatically claw back alleged overpayments to social security recipients, and will refund $721 million to those who already paid.
GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
Claims about re-allocation of Niger Delta resources to northeast are false - CNDC
The CNDC in a statement signed by its convener, Ebiowei ThankGod on Thursday, May 28, said the allegation is an attempt by mischief makers to demean NSA Monguno
Renault announces nearly 15,000 job losses worldwide
Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.
Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief
Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
How private equity is a risky play for the economy and jobs
Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes - Premium Times Nigeria
ast year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined.
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
Delayed deliveries from Sephora upset customers
The thrill that came after scoring bargains at Sephora's biannual Beauty Pass Sale that took place from May 5 to 7 turned to frustration for some, after their orders were delayed. More than 35 customers who purchased items from the beauty retailer during the sale, which was...
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Job security of migrant workers depends on employers, economy
The job security of migrant workers who return to work after quarantine will depend on their employers and the state of the economy, said National Development Minister Lawrence Wong yesterday. He was responding to a question from a reporter who noted that migrant workers,...
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
Extending street's third care home would be 'intolerable' residents claim
Residents had previously submitted photographic evidence of a “constant stream of delivery vans, ambulances and hearses” blocking the road
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
Commentary: Embattled China knows its national priority is the economy
Notwithstanding controversy over a Hong Kong security law and brewing tensions with the US, proceedings at the National People’s Congress and ...
Exclusive: Inside multi-billion naira ‘fraud’, contract racketeering in PTI
AUDU Oshiokhamele, Chairman of PENGASSAN Effurun branch, has accused Professor Sunny Iyuke, the Chief Executive of the PTI of a N5.8bn fraud.
Twitter responds to Trump executive order on social media calling it a 'reactionary and politicized approach to a landmark law'
Twitter wrote that any attempts to unilaterally erode Section 230 threatens "the future of online speech and Internet freedoms."
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Trump cuts ties with WHO mid-pandemic, as Europe speeds reopening
US President Donald Trump on Friday said he was severing ties with the World Health Organization, signalling the end of hundreds of millions of dollars in funding to the UN agency as the deadly coronavirus pandemic rages on.
‘We’re Fed Up With it’: Trump Signs Order To Make Bias Accused Social Media Giants Liable For Their Content
Two days after Twitter introduced fact checks that showed up on US President Donald Trump's tweets, Trump on Thursday (28 May) signed an executive order threatening to slash protections for social media companies.
Commentary: COVID-19 has relegated sports tourism from a slam dunk year to a no-show
With the Olympics and European Championships 2020 delayed until next year and top matches unable to receive spectators, sports tourism faces a ...
Industry cries foul over Mahavitaran's new billing system
An industrial unit from Sangli whose consumption was 7595 units in March under new system received a bill for 37,650 units and got five times bill.
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
'No cards left': Hong Kong residents sell up and search for way out as China cements grip
Web searches for emigration rose ten-fold after news came through about China’s approaching national security laws
Save-on-Foods ends hazard pay for staff, other grocers continue it
Essential service workers in the grocery sector receiving extra pay during the pandemic will be watching their paycheques in the coming weeks as companies re-evaluate how they compensate employees.. . .
Surge in rats across UK as 45 per cent more of us call pest control
According to Rentokil Pest Control, there was a 79% increase in traffic to its “signs of rats” webpage in April
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
FG can withhold allocations of states flouting legislature, judiciary autonomy – AGF
John Alechenu and Ade Adesomoju The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), said on Thursday that the Executive Order 10 newly issued by the Presiden...
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
The Government Will Refund Millions Of Dollars To People Affected By Robodebt
Around $721 million is expected to be refunded to people who were affected by the government's disastrous robodebt scheme.
Are You a CBSE Student? Take your Class 10 and 12 Board Exams From Anywhere Now
To ease the examination process and aid in maintaining social distancing norms, CBSE has added 10,000 new examination across the country.
Heartbroken couple's plea to catch thieves who stole their new home
Their life plans have been shattered as a result of the theft
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
China-led AIIB approves $750-million loan for PH's virus response
The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households
$721m to be refunded after robodebt backflip
The Morrison government will refund $721 million raised against 470,000 debts under its controversial robodebt scheme.
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
Shanghai to extend Ighalo’s United loan deal
Solape Lawal-Solarin Odion Ighalo looks set to remain at Old Trafford for the rest of the season as his Chinese club, Shanghai Shenhua, reconsider their initial stance to recall him. The former W...
VW spending $2.2B to expand in China’s electric car market
Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.
Barbershops, gyms, restaurants to be reopened in modified GCQ areas, says Secretary Lopez
Areas in the Philippines which will be downgraded to the modified general community quarantine (GCQ) will witness the reopening of businesses such as salons, gyms, and barbershops, Trade Secretary Ramon Lopez said today in an exclusive interview...
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
Calm before the storm for Japan suicides as COVID-19 ravages economy
TOKYO: The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the ...
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
'Dark days' for Venice gondola makers
Already under threat, Venice's traditional gondola shipyards now lie silent apart from the gentle sound of canal water lapping at their doorsteps.
CBI opens probe into cash transactions of Tablighi Jamaat
Foreign funds given to the organisation are also under the scanner
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
The Hill's Morning Report - Presented by Facebook - George Floyd's death sparks protests, National Guard activation
Presented by Facebook
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
COVID-19 travel bans leave hundreds stranded at Brazil's largest airport
Stefany Carvallido, her 2-year-old daughter and about 200 other Colombians have been camping out inside Brazil's busiest international airport for ...
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Development: More Arrested for Illegal Import of Waste from Italy
Deputy Environment Minister Krassimir Zhivkov and the businessmen Bobokovi brothers on May 28 were detained for 24 hours. The specialised prosecutor's office is investigating alleged involvement in an organized crime group that has mismanaged waste, including hazardous materials.
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
Coronavirus vaccine: Pfizer CEO claims COVID-19 medicine could be ready by October-end
American pharmaceutical giant Pfizer is conducting clinical trials with German firm BioNTech on several probable vaccines in Europe and the United States
Buhari at 5: President never sacked Osinbajo's aides - VP's office
Laolu Akande, the spokesperson of the vice president has faulted reports in the media some time ago that some aides in the office of Prof Osinbajo were sacked.
Days after it pulled up Gujarat govt over Covid situation, HC bench changed
The change in the judges’ roster comes abruptly on the last working day of the week when it is due to hear the public interest litigation (PIL) on all issues pertaining to Covid-19. The PIL was being heard by a division bench headed by Justice Pardiwala, along with Justice Ilesh Vora, since May 11.
PDI-P politician receives 'light' sentence in KPU bribery case as key suspect remains free
Also on Thursday, KPK prosecutors indicted KPU commissioner Wahyu Setiawan for accepting bribes from PDI-P politician Harun Masiku and West Papua Governor Dominggus Mandacan in two separate cases.
FG gives update on programme to employ 774,000 Nigerians
The federal government on Thursday, May 28, gave an update about its plan to employ at 1,000 persons from each of the 774 local government areas in Nigeria.
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
10 things you need to know before the opening bell
This is what traders are talking about.
Nordics want to open borders but Sweden may be frozen out
Denmark, Finland and Norway mull whether to extend or relax regional travel restrictions, but their neighbor may not be included.
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
Wall Street Breakfast: U.S.-China Tension Ratchets Up
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted
Learning From The Ups And Downs Of The Stock Market
Thus far in 2020, the stock market has experienced daily moves of 1.5% or more (up or down) 43% of the time. Of the 100 trading days thus far in 2020, 53 have b
Ministry of Health refuses to reveal money spent on COVID-19 equipment
Mumbai-based RTI activist Anil Galgali had filed an online application on the central government's portal seeking to know steps taken by it to control the spread of COVID-19, name of equipment and material purchased for the purpose and the amount spent on them.
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
Healthcare facilities see 80% fall in revenue: Survey
The Covid-19 pandemic has left the Indian private healthcare sector in acute financial distress, a new survey said on Friday adding that the healthcare facilities in the country have witnessed at least 80 per cent fall in average revenue.
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
‘India’s Test series can happen in as little as one venue’: Cricket Australia
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30), and Sydney (January 3-7) respectively.
Pradhan envisages home delivery of petrol, CNG
“The government has already started mobile dispensers for diesel.”
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
South African Airways administrators seek more time for rescue plan
If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.
World coronavirus dispatch: The UK-NZ-Germany success, and Korea's haste
From carmaker Renault laying off 14,600 people, to S&P's downgrading Rolls-Royce to junk, and the third type of coronavirus transmission - read these and more in today's world dispatch
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Buhari at 5: President never sacked Osinbajo's aides - VP's office
Laolu Akande, the spokesperson of the vice president has faulted reports in the media some time ago that some aides in the office of Prof Osinbajo were sacked.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS
The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
Covid-19: India vs Australia Test series schedule may change, says CA
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30) and Sydney (January 3-7)
Trafford Council lends Manchester Airport nearly £13m as part of major loan package
Concerns have previously been expressed about the authority's level of borrowing by its own councillors
Epiroc secures contract from Codelco for Chuquicamata mine in Chile
Epiroc has secured a large equipment and service contract from Chilean state-owned copper miner Codelco for use at its Chuquicamata mine in northern Chile.
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
Feds won't mandate refunds
The federal government is not committing to a bailout of the Canadian airlines sector - but is also not planning to require air carriers to refund ticket holders for the flights cancelled during the COVID pandemic as some consumers have requested.
ICSI to conduct online classes for CSEET aspirants
The online classes will begin from June 1. The CS Executive exam will now be held on July 17
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
Viettel selects Digital Virgo for carrier billing
Vietnam-headquartered Viettel Group signed a global deal with Digital Virgo to deploy its direct carrier ...
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic
SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
Norway plans $369 million green industry investments
OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
Work and wellbeing bounce back during coronavirus crisis
Government measures to arrest the economic impact of COVID-19 have helped stop further job losses and declines in working hours, new analysis from The Australian National University (ANU) shows.
Famous tourist sites remain closed as lockdown rules are eased
Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.
Expect demand to start picking up post Diwali: Nitin Jain
‘We have to ensure that the companies in this period are able to sustain themselves
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
IRCTC train ticket booking: Reservation period extended, tatkal brought back
The tatkal ticket booking facility will also be applicable for 200 special mail express trains that will commence from June 1.Indian Railways partially resumed services with 30 special AC trains on May 12
Job-seekers targeted in upfront fee scam
Recruitment firm claimed farm workers needed criminal background checks
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Uber Says AB5 Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
Formula 1: Williams considers sale of team as board struggles from £13 million loss in 2019
Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.
Franklin Templeton’s legal troubles rise as Madras HC issues notice
The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June
NBA Rumors: Free-Agency Period Might Take Place Before 2020 Draft, Per ‘Philadelphia Inquirer’
With the NBA’s board of governors scheduled to meet on Friday to discuss several matters related to the ongoing suspension of the 2019-20 season, the topic of free agency and this year’s ...
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
The daily business briefing: May 29, 2020
Another 2.1 million Americans file unemployment claims, Trump signs an executive order targeting social media, and more
COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
UK’s Project Birch revives age-old problem of ‘picking winners’
State aid policy must stand on its own merits and not be muddled up with Covid-19
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
Really Australia, it's not that hard: 10 reasons why renewable energy is the future
Australia's latest greenhouse gas figures released today show national emissions fell slightly last year. This was by no means an economy-wide effort—solar and wind energy did most of the heavy lifting.
George Floyd: We’ll evaluate evidence – US
Kayode Oyero The United States says it will compile and evaluate information obtained from witnesses in the killing of a black man, George Floyd. In a joint statement on Thursday, the US Atto...
New York gold traders are drowning in a glut they helped create
Shutdowns strangle supply routes that allow physical bullion to move around the globe
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
Labour ministry to provide free skills training to job seekers registered on National Career Service portal
The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
Use of public transport likely to dip for 6 mnths post lockdown: CSE survey
Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
Realme Buds Q Heading to India with a Below $26 Price Tag
Realme Buds Q will soon make its way to the Indian market with an ultra affordable price tag. Find out more about the pricing and availability in this story
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
Consumer confidence up for first time in five months in Japan
The figure is the second-lowest since April 2004 and lower than the 27.5 posted in January 2009 during the global financial crisis.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
James Stunt's former bodyguard stole 16-carat yellow diamond worth £515,000 from safe during £20million raid on tycoon's Belgravia mansion, court hears
Justinas Ivaskivicius, 34, is accused of taking the gem from the Belgravia home of James Stunt (pictured), in Westminster, in December 2017. He will next appear at Southwark Crown Court on 26 June.
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
Lockdown 4.0 May Be Last Of Its Kind; Economic Revival Is Now Everybody’s Priority
We should see June as the transition month for a changeover from Lockdown 4.0 to Revival 1.0.
Famous tourist sites remain closed as lockdown rules are eased
Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.
EU's Greenhouse Gas Emissions Continue To Fall As Coal Ditched
An anonymous reader quotes a report from The Guardian: Greenhouse gas emissions in the EU continued their fall in 2018, the latest year for which comprehensive data is available, according to a new report from Europe's environment watchdog. Emissions fell by 2.1% compared with 2017, to a level 23% l...
Got $3,000? Here Are 3 Great Biotech Stocks to Buy Right Now
One big biotech and two small biotechs especially stand out as attractive picks.
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Williams says any team sale would be to secure F1 future
LONDON (Reuters) - Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off the track, deputy principal Claire Williams said on Friday.
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
New Otago Community Trust Chair Appointed
Otago Community Trust has today announced the appointment of John Wilson as its new chair. John takes over the Trust’s chair role from Ross McRobie effective from 1 June 2020. Ross will remain on the board of Otago Community Trust as a trustee until such time that the Minister of Finance makes the new trustee appointments.
PruPay Building Text-Based Payments System with PayPal
Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.
Scamsters create fake Facebook account of senior IPS officer in Tamil Nadu
This was an attempt to lure the officer’s followers into transferring money towards a fake finance scheme, police said
'Water is life': COVID-19 exposes chronic crisis in Navajo Nation
Amanda Larson pulls up at a water station a few miles from her home in the Navajo Nation and her three children get to work filling up large bottles lying on the bed of her pickup truck.
ByteDance plans to shift its power center from China - Gizchina.com
ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
Deep Dive: Offering An End-To-End Experience Through ATMs
This Deep Dive explores the latest ATM banking innovations and credit unions' redefined roles as COVID-19 restrictions alter their relationships with members.
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
Asia’s pension reforms call for a multi-pillar approach
As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
Elastic: Attractive Expansion Around Its Core Competencies
Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai
Minnesota native Pete Hegseth reacts to riots: The state has 'no strong leadership'
Fox News contributor Pete Hegseth said on Friday that there is no strong leadership in Minnesota to squelch the Minneapolis riots that have raged after the killing of George Floyd.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive
Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
Famous tourist sites remain closed as lockdown rules are eased
Visitor to France will not yet be able to see the Mona Lisa, climb the Eiffel Tower or look around the Palace of Versailles.
Two Cheers For Unfiltered Information
In the early hours of December 31st, 2019 weeks before the coronavirus was recognized as a budding pandemic, Taiwanese Centers for...
Excluded from pandemic pay
More than 250,000 health, social services and corrections employees in British Columbia are receiving “temporary pandemic pay” for working on the front lines during the COVID-19 pandemic. But a local court clerk doesn't know why her and her coworkers haven't been included.
Inertia and the power grid: A guide without the spin
The power grid is evolving to include ever-higher levels of wind and solar generation—which do not provide inertia, historically a key source of grid reliability. Should system planners and operators ...
Cruise ship ban extended, effectively scuttling season in Greater Victoria
The cruise-ship season that was forecast to bring more than three quarters of a million passengers to Victoria’s shores — and an estimated $130 million in economic activity — has . . .
Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Output of eight infrastructure sectors contracts by 38.1% in April
During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively
Langford man facing charges after allegedly fleeing traffic stop
A 38-year-old Langford man is facing numerous charges after allegedly fleeing a traffic stop and getting involved in a two-vehicle collision nearby.The driver of the second vehicle suffered serious . . .
Nissan unveils four-year transformation plan – to cut production by 20%, reduce model range, focus on EVs
Nissan, which yesterday announced a net loss of 671 billion yen (RM27.1 billion) for the year that ended in March, has revealed a four-year restructuring
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Vienna's Hotel Sacher turns suites into pop-up restaurants
VIENNA (Reuters) - Secret love affairs, tricky business deals and political negotiations - Vienna’s opulent five-star Hotel Sacher has been a popular spot for delicate missions since it opened in 1876.
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
Fast-track construction of S.African hospital in response to COVID-19
In South Africa, the construction of a R3 billion hospital, originally scheduled for completion by November, has been fast-tracked to open by June.
RBI imposes monetary penalty on 4 banks
The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat
Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan
Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently
These Man United fans back idea to offer Dortmund ace on loan in possible Jadon Sancho deal
Should Manchester United consider offering this talent to Dortmund in a bid to seal a move for Sancho?
Main Street’s Pandemic-Led Shift To Digital Innovation
With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.
Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T
On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
French mortality rate in May below previous years despite epidemic
PARIS (Reuters) - Fewer people died in France in early May than in the same period in the two previous years following high excess death rates during the peak of the coronavirus epidemic in March-April, statistics agency INSEE said on Friday.
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
Earthquake of 4.6 magnitude hits Rohtak in Haryana, tremors felt in Delhi-NCR
Several low-intensity earthquakes have hit the national capital since April.
Premier League chief provides major update on financial package for EFL clubs
Nottingham Forest and the rest of the English Football League have been without matchday income since March
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Travel industry using cleanliness, celebs to woo customers
NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...
Instacart’s tip-baiting system is short-changing shoppers, senators say
Congress wants regulators to get involved.
Vietnamese cops bust $2.6bn online gambling ring
Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country where most gambling is banned but remains rampant.
Bus owners, drivers want curfew time lifted
Kampala, Uganda | THE INDEPENDENT | Bus owners and drivers have asked government to lift curfew times for buses and also allow buses ply border districts through a standard operating procedure. The bus drivers and owners were today appearing before the National Economy of Parliament which is scrutinizing the effect of the coronavirus (COVID-19) pandemic …
PAC queries UGX 573m payment of vehicle for Internal Affairs Minister
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee- PAC central government are investigating an advance payment of the official vehicle for the Minister of Internal Affairs. The committee chaired by Budadiri West MP Nathan Nandala Mafabi was on Friday meeting officials from Ministry of Internal Affairs led by the …
Latest on the worldwide spread of the coronavirus
While several countries further relax restrictions designed to contain the coronavirus, with Italy and England due to restart their top-flight soccer leagues next month, Russia, Brazil and Mexico kept struggling with rising numbers of cases and deaths.
Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising
The latest Newcastle United club have accounts have been published
Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford
Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company
Vanishing jobs for young could create ‘lock-down generation’ | Honolulu Star-Advertiser
GENEVA >> Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since.
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
Trump signs order on social media giants after Twitter row
PTI Washington US President Donald Trump has signed an executive order aimed at stripping social media giants like Twitter and Facebook of legal immunity
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
ReneSola Ltd (SOL) CEO Yumin Liu on Q1 2020 Results - Earnings Call Transcript
ReneSola Ltd (NYSE:SOL) Q1 2020 Earnings Conference Call May 29, 2020 08:30 AM ET Company Participants Gary Dvorchak - The Blueshirt Group Asia Yumin Liu - Chie
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Concern over worker safety grows
As employers fail to comply with Covid-19 regulations. From June 1 most of South Africa's industries can return to full operation.
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
EPA orders Merck to address persistent problem of bad odours from east Cork plant
The State environmental watchdog has instructed a leading medical science and technology firm to take “significant action” to address the persistent problem of bad odours coming from its plant in east Cork.
CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut
The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
'Historic measure': Spain backs minimum income for most vulnerable
"A country does not prosper if it leaves out part of its population," said Spain PM Pedro Sanchez as his government backed the introduction of a minimum income for the country's most vulnerable.
Corona cess on liquor: Delhi HC seeks detailed reply from Kejriwal government
The Delhi government, in its earlier affidavit, has opposed the petitions which have challenged a May 4 notification levying a 'special corona fees' on liquor in the national capital.
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.
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down
Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Long Read: Can China’s Digital Currency Challenge The Supremacy Of US Dollar?
China may well have offered the spark for a currency war, apart from the ongoing trade and tech war.
Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019
Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture.
Global champagne sales fizzle amid coronavirus pandemic because people aren't celebrating
Now this is just cham-painful.
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
South Africa’s 24 hour trend report – 28 May 2020
This is a summary of trending, highest-impact and most active themes and narratives related to social cohesion and division in South African public-domain social media conversations on 28 May 2020.
Astrologer Bejan Daruwalla dies of pneumonia in Ahmedabad; 84-year-old had predicted early end to COVID-19 pandemic
Renowned astrologer Bejan Daruwalla passed away on Friday evening at a private hospital in Ahmedabad, Gujarat. He was 89.
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
BP licenses PTA technology to Weilian Chemical
BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to C
Kohli remains only Indian in Forbes top 100 highest-paid athletes; Federer topples Messi, Ronaldo
The 100 highest-paid athletes earned a combined $3.6 billion this year, which marked a drop of 9% from 2019 due to coronavirus, according to Forbes.
India’s housing sector facing its worst-ever crisis: CREDAI
IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis
DD News shifts operations to Khelgaon after employee tests positive for Covid-19
The 53-year-old video journalist had last gone to work on May 21 and after he returned home, he started feeling uneasy and took leave.According to an official of DD News, initially they were told that he had a heatstroke and then they learnt he had a heart attack which led to his death
Twitter Shield Needs Fresh Look, Not Trump Spite
A new executive order targets enemies instead of taking thoughtful aim at a dated immunity law that’s been challenged by Democrats and Republicans.
DGCA says locust swarms pose threat to aircraft during landing and takeoff phase, issues guidelines
"Though an individual locust is small in size, impact of large numbers on the windshield is known to have impacted the pilot forward vision. This is a grave concern during the landing, taxi and takeoff phase," the DGCA circular said.
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
Lawsuit accuses Trump administration of illegally seizing tax refunds from student loan borrowers
A class-action lawsuit filed Friday is accusing the Trump administration of illegally seizing student loan borrowers' tax refunds even after Congress halted government debt collection amid the
CannTrust Holdings greenhouse licenses reinstated, plans restart of operations
CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
Autorickshaw drivers in Gujarat seek permission to ply after May 31
The president of the Gujarat Auto Rickshaw Driver Action Committee has sent a letter to Gujarat Chief Minister Vijay Rupani with the demands of the autorickshaw drivers, including the release of autorickshaws detained during lockdown by recovering nominal fine from the drivers since their financial condition is very weak at present.
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%
Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.
Quarterly growth slides to 3.1 per cent, more pain feared
Worries centre around Covid surge, slow recovery
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Greece to accept tourists from 29 countries from mid-June - but Ireland is not on the list
The Greek government imposed an early lockdown, which is credited with limiting the spread of Covid-19.
Texas Ranked Tenth in People Searching for Loans During Pandemic
With so many outlets being forced to close their doors during the coronavirus pandemic, a lot of people are in need of financial assistance.
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
Council Approves City Recovery Fund
Wellington City Council has adopted a framework to manage the new Tipu Toa: Build back better, City Recovery Fund.
Council may find it difficult to raise GST rates
IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so
Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers
After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.
Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic
KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...
Pilot flies to RAF base in Anglesey 'as he wanted to go to beach in lockdown'
He flew from Surrey to Wales and landed without permission.
Federal government to clear all Centrelink robo-debts, refund money
More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
NYC tanning salon owner fined $1,000 for reopening: 'It's insane what's happening'
A New York tanning salon owner who was fined $1,000 for reopening in defiance of the state's coronavirus lockdown order said Friday that he is already "broke," as are other members of his community.
Railways denies reports of trains 'losing' way; says only 4 shramik trains took over 72 hrs to reach destination
The Railways defended itself on Friday in the face of severe criticism over delays by Shramik Specials in reaching their destinations, saying they were not regular trains and they can be extended or short-terminated, and their stoppages and routes can be changed for the benefit of migrant workers.
Water And Wastewater Price Changes From 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
Thailand to further ease COVID-19 restrictions, shorten curfew hours
Thailand will next week shorten curfew hours and ease restrictions on more businesses, the government said on Friday, in response to its low ...
Brazil’s Embraer draws foreign interest after Boeing rift, say sources
SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...
Prospect of T20 World Cup going ahead as planned under 'very high risk': Kevin Roberts
Cricket News: Cricket Australia chief executive Kevin Roberts on Friday said that there is a 'very high risk about the prospect' of the T20 World Cup taking place a
COVID-19: RTI plea seeks to know amount spent on equipment purchase; Health Ministry refuses info
After 22 days of filing the RTI application, Galgali received a response stating that the CPIO deals with matters related to HLL Lifecare Limited, a public sector undertaking under the Ministry of Health and Family Welfare.
Change is never easy, the birth of a new nation comes with pain – Lai Mohammed
Alhaji Lai Mohammed, the Minister of Information and Culture, says President Muhammadu Buhari has put Nigeria on an irreversible road
Australia faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be ...
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies
IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, re
German official sees Lufthansa bailout in reach, demands fairness
The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...
Not ready to open platform food stalls yet! Vendors’ Association urges Indian Railways to give them time
To check the spread of the infection, the stalls on platforms had been shut throughout the nationwide lockdown, which was imposed on 25 March 2020.
MCMC warns businesses not to misuse personal data collected for Covid-19 contact tracing
KUALA LUMPUR, May 29 — All business premises allowed to operate during the Conditional movement control order (CMCO) must comply fully with the operating procedures with regards to the collection, processing and storing of personal data, as set by the Communications and Multimedia Ministry...
IOA finance chairman refuses hotel bookings for Tokyo Games without president’s sanction
PTI New Delhi Indian Olympic Association’s finance committee chairman Anil Khanna on Friday defended his decision not to give clearance for hotel bookin
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20
Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
EUR/GBP retreats from two-month highs, returns below 0.9000
The euro is giving away previous gains against the British pound, pulling back below 0.9000 and turning negative on daily charts. The pair peaked at
Garcetti says Huizar should resign from LA City Council over bribery investigation
Mayor Eric Garcetti and the president of the City Council called Thursday for the resignation of Councilman Jose Huizar, who is the focus of a federal corruption investigation.
Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'
The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.
Vietnamese cops bust US$2.6 billion online gambling ring
Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust of its kind in a country ...
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
India Heads for Recession as GDP Growth Dips to Lowest since 2012
New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...
Stocks recover after Trump's announcement on Hong Kong
May 29 (UPI) -- President Donald Trump's planned news conference on China shook up stocks early Friday, but the major indexes mostly recovered by the end the day after his announcement revealed no changes to trade with Beijing.
Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.
Adidas and Allbirds team up to make environmentally friendly shoes
Adidas and Allbirds hope to create a high performance sneaker with the lowest carbon footprint to date.
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
Why my supporters battered journalist, by Imo lawmaker
The member representing Obowo State Constituency in the Imo House of Assembly, Mr. Kennedy Ibeh, has explained why his supporters beat...
GST Council to meet next month; FinMin not for raising rates on non-essential items
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
Farmers ‘managing’ but could lose new staff as businesses reopen
THE farming industry is ‘managing’ despite the loss of foreign labour during the pandemic, but concerns are growing about possible staff shortages when other sectors reopen, an industry spokesman has said.
Go-go bars gone as coronavirus hits Bangkok's sex district
Thailand shut bars and clubs in mid-March as coronavirus cases surged. It halted international passenger flights, stopping the tourism that had made Bangkok the world's most visited city for four years. Patpong went dark.
Buy Bed Bath & Beyond Stock Before Consumer Spending Surges
Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.
Robotic Process Automation can help the public sector battle COVID-19
Teemu Vieruaho, Digital Workforce, discusses how Robotic Process Automation can help fight the public sector’s battle against COVID-19
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
India quarterly growth worst in 2 decades as lockdown bites
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
Jharkhand facilitates return of 60 workers from Ladakh by air
PTI New Delhi/Leh Amid heartrending stories of migrants longing to return home, the Jharkhand government on Friday gave a ray of hope to many such strande
COVID-19: RTI plea seeks to know amount spent on equipment purchase; Health Ministry refuses info
The Central government's Ministry of Health and Family Welfare has denied to share the information related to the expenses incurred to combat the COVID-19 pandemic outbreak, saying that it has no
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio
IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them fr
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Forbes removes Kylie Jenner from billionaires list
Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
Bears Trade By Day, Bulls By Night
Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn
How Tottenham Hotspur Stadium's NHS facilities will be impacted by Premier League restart
Exclusive: Plans to scale back the clinics are in place but North Middlesex hospital could maintain presence at £1.2billion arena beyond restart
Now Punjab to seek trains to bring back migrant workers
Even as over 4.84 Lakh migrant workers have returned from Punjab to their native states, the state government now intends to seek trains to bring back.
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Stocks tumble ahead of Trump's China press conference
May 29 (UPI) -- President Donald Trump's upcoming news conference on China Friday shook up stocks in morning trading on Wall Street, as the White House could respond to the communist country's action against Hong Kong.
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
Bill would add 15 to 35 years in prison for COVID-19 scam artists
The legislation, introduced late Thursday, would temporarily boost federal criminal penalties by 15 years for pandemic-related fraud and by 35 years for COVID-19-linked counterfeit goods.
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Powell Speech: Fed is strongly committed to using its tools
The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp
Louisiana House votes to create $300 million business fund
The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.
Work from home is here to stay, but it may put younger workers at a disadvantage
Physical offices often serve as a key place for younger workers to socialize and network, but the post-pandemic workplace may be your laptop screen.
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Local state of emergency
UPDATE 3:35 p.m. The Regional District of Kootenay Boundary Board has declared a state of local emergency for the entire Boundary region.
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Turkey says may begin oil exploration under Libya deal in 3-4 months
ANKARA: Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya’s internationally-recognized Government of National Accord (GNA) signed the maritime delimitation deal last year. Turkey says it
Mamata announces slew of relaxations
PTI Kolkata Two days before the end of the fourth phase of the nationwide lockdown, West Bengal Chief Minister Mamata Banerjee on Friday announced a slew
SNAP Stock Has Some Fundamental Issues That Should Worry You
Snap stock won't see sustained gains unless it broadens its user base, changes its monetization strategy, and markets itself outside the U.S.
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India's tour of the country with the board still keeping the door open for hosting
BSEB allows students to apply for re-evaluation of Bihar Board Class 10 answer sheets from 29 May to 12 June
Bihar School Examination Board (BSEB) has announced that those who are not satisfied with the marks they received in any subject of Class 10, can apply for scrutiny from 29 May to 12 June
FG to pay jobless youths N20,000 monthly to sweep markets, clear gutters
Eniola Akinkuotu, Abuja In a bid to curb the high rate of unemployment in the country, the Federal Government has rolled out a scheme which will see unemployed youths in rural areas earning N20,...
Turkey says may begin oil exploration under Libya deal in three-four months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday. Libya's internationally-recognised Government of National Accord (
Four Tests at one venue could be a possibility
PTI Melbourne Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India’s tour of the coun
Google reportedly rescinds 2,000 contract worker jobs
Google said it would slow hiring "given that we are faced with a global crisis of uncertain depth and duration."
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Key Russian air cargo customer sues Boeing over widebodies, highlighting how coronavirus shifted market
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard...
Commuters decry new BRT fares as operator count losses
Commuters in Lagos yesterday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state.
The Guardian view on wage subsidies: unemployment costs too
Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout
The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Man with 'atrocious' criminal record jailed
A 27-year old man with an "atrocious" criminal record has been jailed for a spate of offences committed in the Newry area.
Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place
The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Large cruise ships barred from Canadian waters until end of October: Garneau
OTTAWA - The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
Coronavirus travel bans leave hundreds stranded at Brazil's largest airport
SAO PAULO - Stefany Carvallido, her 2-year-old daughter and about 200 other Colombians have been camping out inside Brazil's busiest international airport for days in a desperate attempt to get back to their home country.
301 Chinese evacuated from Nigeria through Lagos airport
301 Chinese nationals were on Thursday night evacuated from Nigeria through the Murtala Muhammed International Airport, MMIA
Uber introduces $50 Hourly rate option
May 29 (UPI) -- Uber launched a new feature called Hourly that allows riders to book trips by the hour and add destinations within that time frame as needed, the company announced Friday.
GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to
How will gyms and leisure centres look when coronavirus lockdown lifts?
Ireland Active is the national association for the leisure, health and fitness sector which represents over 350 publicly and privately owned leisure centres, gyms, swimming pools, exercise studios, fitness education providers and recreation facilities nationwide.
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
Locust control operations continue, no crop loss reported: Centre
Locust Control Offices (LCOs) on Friday conducted control operations at 15 locations in Rajasthan and Madhya Pradesh, the Union Agriculture Ministry said, adding that no crop loss was reported.
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released today by the International Energy Agency (IEA) the International Renewable Energy Agency (IRENA), […]
GBP/JPY: Downside risk from Brexit and negative rates – MUFG
Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They se
Only 4 Shramik trains have taken over 72 hours to reach destination: Railways
Among the destination-states for which the trains were diverted were Bihar (51), Uttar Pradesh (16), Jharkhand (2), Assam and Manipur (1 each).
Sen. Ted Cruz demands a federal investigation into Twitter, claiming it's violating US sanctions against Iran by letting the country's leaders have accounts
Cruz alleges Twitter is in violation of US sanctions against Iran by allowing two state leaders to run accounts on the platform.
The lost lidos of Wales, the history behind them and the one that's been transformed
Many lidos in south Wales were built by unemployed miners during the depression in the 1930s
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.
Lagos, Abuja, Port Harcourt, Kano airports to reopen in ‘few days’
Major airports in the country will in the “next few days” roar into life after weeks of inactivity caused by the COVID-19 pandemic lockdown.
The release of private motorists breathes life into the fuel industry
Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
Lockdown 5.0 Guidelines Likely Today: Will Metro, Malls, Restaurants Open? Check State-Wise Plan
Lockdown 5.0 Guidelines Tomorrow: States will get the full authority to make a balance between restrictions and the resumption of economic activities.
Symrise Creates Tribute Fragrance for Essential Workers
Symrise has made a custom fragrance to be given to workers on the front lines of the coronavirus pandemic.
UK spring the sunniest since records began, says Met Office
Country also set for driest May for 124 years, with farmers warning of serious impact
Rain inundates underpasses in Coimbatore city
The rain left low lying areas and underpasses in the city inundated forcing the Coimbatore Corporation to remove the water before traffic resumed on Friday morning.
Senators ask FTC to investigate Instacart over 'tip baiting'
A group of US senators has called on the FTC to investigate Instacart and other grocery delivery services for allowing 'tip baiting' that stiffs couriers.
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body
Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.
Groundbreaking all-electric plane paving way to greener aviation
The world's largest all-electric plane has successfully completed a test flight, the first step in a long process its developers say will led to an era of low-cost, pollution-free air travel.
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
JobStart policy no substitute for tax cuts
The National Party’s JobStart policy - under which businesses could claim $10,000 per new employee, for up to ten new employees - looks great on paper but would fail in practice, says the New Zealand Taxpayers’ Union.
Nagaland Class 10, 12 NBSE Board Exam Results On Saturday; Here's How To Check Your Scorecard
The result would be available to candidates on the official site of NBSE at nbsenagaland.com. Students can also check their scorecards by Saturday afternoon via app and over SMS besides the official website.
Meat products sold in Ireland urgently recalled as they were processed in 'unapproved facility' in Co Westmeath
The public are being advised not to eat the food products
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript
CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon
Autonomous robot chef moves into the kitchen, powered by AI
During the span of the hustle and bustle that many people encounter on a day-to-day basis in their lives, people tend to have activities outside of work that allow them to alleviate the stress from the monotony of life. From catching the new movie at the cinema, attending a sporting event of a favorite team, […]
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
Buy the Post-Earnings Dip in Canopy Growth Stock Now
Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.
Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI
Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic
8 charts and photos that show many Americans are over quarantines and lockdowns
Americans are eager to get out and shop, travel, and dine — sometimes at the risk of spreading infection.
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
World's largest electric plane takes 28-minute first flight
May 29 (UPI) -- The world's largest all-electric aircraft took off from a Washington state airstrip for its first flight, staying in the air for 28 minutes, the plane's makers said.
Forbes just revoked Kylie Jenner's billionaire status, saying she's exaggerated her company's success for years. Take a look at how Jenner built her empire.
Forbes now alleges that Kylie Cosmetics has never made as much money as Kylie Jenner and her team claimed.
No workplace gatherings, socialising among employees when office operations resume after COVID-19 circuit breaker: MOM
SINGAPORE: Employees should not socialise during or outside working hours, even when office operations resume during Phase 1 of Singapore’s ...
Ted Cruz wants Twitter investigated over Iran sanctions compliance
A new front in Trump’s spat with the platform.
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
GMR told to stop dredging in Kakinada
‘Dismantle bund close to mudflat’
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Migrants on Move: Desperate Bids and Bumpy Ride on J&K’s Horror Highway
Amid mounting labour crisis in mainland, hundreds of migrant workers have started foot journey from mountains on the landslide-prone Srinagar-Jammu highway, even as Shramik trains and buses have been deployed for their homecoming
Finance ministry not in favour of raising GST rates on non essentials
Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year
Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound
Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
Kylie Jenner fires back at Forbes after claim she lied to gain billionaire status
Kylie Jenner has fired back at Forbes for claiming she forged documents and over exaggerated her business to attain the billionaire status, saying she is not a billionaire. Kylie bashed the most explosive claim in the
Finance secretary urges BRICS nations to share covid-19 related tax measures
Since March, the government slew of measures to help the industry tide through the covid-19 crisis, including deferring several compliance requirements.The meeting of the heads of tax authorities from five large emerging economies of the world on Friday was hosted by the Federal Tax Service of Russia
Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.
Virus highlights gov't secrecy
Canadians have been denied information about COVID-19 and details about government responses to the pandemic, say a group of Canadian accountability experts.
New site is one-stop shop for B.C. workers, farmers, during pandemic
VICTORIA - The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pan
Master of cargo ship charged over Australia container spill
BRISBANE, Australia (AP) — The ship master of a Singapore-registered vessel that spilled some of its cargo off the Australian east coast has been charged with damage of the marine...
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
From Shamba Boy to MP - Mwingi West MP Charles Nguna's Story
Though living in poverty, he was hopeful that they would overcome that season in their life as he was always...
These were the 10 biggest European tech stories this week
These were the 10 European tech stories this week
South African tobacco firms, associations seek court action over cigarette sales ban
JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
CBI starts preliminary enquiry into cash transactions and foreign donations of Tablighi Jamaat
CBI has started collecting records of the Jamaat from various authorities, including the Delhi Police, and has dispatched letters regarding the same.
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser
WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.
California prison employees suspended over racist remarks
SACRAMENTO, Calif. (AP) — California prison officials said Friday that they suspended multiple employees who made racist jokes about the death of an African American man in police custody in...
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
IMF says Bosnia's failure to disburse IMF emergency aid is unprecedented
SARAJEVO (Reuters) - Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
US Stops Iranian Fuel Shipments to Venezuela
Trump admin promises to use its economic, diplomatic power to press for the restoration of Venezuelan democracy
Go-go bars gone as coronavirus hits Bangkok's sex district
BANGKOK (Reuters) - The black leather party masks that performers May and Som wear for their fetish shows in Bangkok are definitely not the sort to stop the coronavirus.
Nissan formally closes Indonesian factory
Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
Odisha unveils Rs 17,000-cr plan to support people’s livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8th
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
India Coronavirus Update, May 29: India becomes ninth worst-hit country; Goa, Haryana bat for lockdown extension
Coronavirus (Covid-19) India Latest Update, 29 May: A record jump of 7,466 infections and 175 deaths were recorded in the last 24 hours from across the country, the health ministry said. Of the total, 4,704 are the number of casualties, 89,987 are active cases and 7,1105 people have been treated and discharged so far.
Lockdown in West Bengal: CM Mamata announces relaxations from June 1
Banerjee, who has been criticising the railways for the past few days for ferrying a large number of migrant workers to the state without consulting her government, claimed that it is being done without following the norms of social distancing.
‘High risk’ of T20 WC being put off, says CA
Also hints at having the India Test series at ‘one venue’
GST Council likely to meet in mid-June
Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
Coldstream closes boat launches on Kalamalka Lake due to high water
Due to continuously rising water levels in Kalamalka Lake, the District of Coldstream has closed all its boat launches.The District of Coldstream announced
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
King Henry VIII's Mary Rose gets a £25,000 cash injection from Historic England to stop the iconic warship from falling into disrepair as income from visitors dries up during lockdown
The money will allow employees to continue to work to monitor, maintain and repair the complex environmental system that preserves the 16th century Tudor battleship kept in Portsmouth.
The Week In Payments: How Businesses Can Navigate The Road To Recovery
In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
N.Y. Marine Reserve squadron gets its first KC-130J tanker plane
May 29 (UPI) -- Stewart Air National Guard Base, N.Y., received its first KC-130J Super Hercules tanker plane, manufacturer Lockheed Martin said Friday.
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Housing sector faces its worst ever crisis due to Covid-19
Credai chief says Central government should offer a two per cent interest subsidy on home loans
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
No Eiffel Tower, Louvre Museum or Versailles: France’s three most iconic sites stay closed
None of France's three most iconic tourist sites will reopen when the country lifts most of its remaining coronavirus lockdown restrictions next week. Some of Europe's other major cultural sites are also taking their time to reopen.
Uber rolls out ride-by-hour option in some US cities
Uber on Friday said it would offer rides by the hour in some US cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic. The option, which is already
Maker (MKR) Jumps 37% Following a Second Listing on Coinbase
Coinbase listed MKR for the first time in April 2019, but due to limited liquidity no trades were executed.
EU economy to rebound ‘quite strongly’ next year says Dombrovskis
The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.
Virginia enters phase one Friday as mandatory face mask rule goes into effect
The entirety of Virginia will be in phase one of reopening beginning Friday, as Richmond, Accomack County and the northern Virginia region join the rest of the state.
Aviation regulator warns airlines that swarms of locusts could pose serious risk while flying
The DGCA said the pilot’s forward vision can be impeded if large numbers of the insects land on the windshield.
Lessons from recent regional developments
DESPITE the significant challenges posed by Covid-19 particularly along the lines of sociopolitical repercussions and economic impact to locals, the Malaysian government should also pay attention to the aspect of foreign affairs – namely the developments in Southeast Asia and East Asia.
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
9 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns
The pandemic has been catastrophic for retailers, restaurants, and workers. Here are nine tactics many are using to stay afloat.
India Lockdown Diary, Day 66: Sonu Sood arranges flight for migrants; virtual farewell to Delhi HC judge and more
Here’s a curated list of some interesting stories from across the country on Day 66 of lockdown
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser
The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi
Locust swarms pose threat to aircraft during landing and takeoff phase: DGCA issues guidelines
The Directorate General of Civil Aviation said that pitot and static sources can also get partially or fully blocked while flying through locust swarms.
Region looking for feedback on plans for multi-use trail on Ottawa
The proposed plan has 5.5 kilometres of continuous multi-use trails on Ottawa between Homer Watson and Trussler
Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body
Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.
Turkey says may begin oil exploration under Libya deal in three-four months
ANKARA (Reuters) - Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.
Power generation raised at Moolamattom
Aim is to reduce Idukki water level
Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability
Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo
Congress Calls State Dept. Officials for Interviews in Expanded Pompeo Inquiry
Lawmakers are investigating whether Secretary of State Mike Pompeo urged President Trump to fire Steve A. Linick, the department’s inspector general, to shield himself from Mr. Linick’s inquiries.
Hong Kong govt warns removing US special status is ‘double-edged sword’
"Any sanctions are a double-edged sword that will not only harm the interests of Hong Kong but also significantly those of the US," the city's government said late on Thursday.
US layoffs climb to 41 million, despite business reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country
Xiaomi hints at Mi branded laptops for India, takes on Dell, HP and Asus in a new teaser
In a hint that Xiaomi is all set to enter the laptops market in India, the company has now shared a new teaser that directly targets competing brands such as Acer, Dell and Lenovo.
Govt decides to approve special recruitment rules
J&K government has decided to approve the ‘Jammu and Kashmir Appointment to Class-IV (Special Recruitment) Rules, 2020’ to lay down the procedure as
Coronavirus crisis: Renault to lay off 150,000 employees globally
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France
EOS completes acquisition of Audacy
Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
'You can only survive so long' - airline worker talks about weathering crisis in hard-hit industries
Airlines have been among the hardest hit economically by the coronavirus crisis and one local laid-off employee is talking about how difficult it is now to survive.
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Gangs of Edinburgh: How the vice sex trade took off in the capital
The late Margaret 'Madam Moneybags' Paterson was eventually jailed after officers raided her home and discovered she was in charge of prostitutes across the country.
Masks, cleaning, filtration better than blocking middle seats: United CEO
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are ...
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
Admission process to Polytechnics revamped
The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, approved the proposal of the Technical Education
Face-off along LAC in Ladakh: Chinese build-up will be matched, says NSAB member
Without disclosing exactly when diplomatic talks over the issue began, Narasimhan confirmed that “talks started much before last week”.
As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon
With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.
Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.
Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.
New Zealand's most popular holiday home destinations for Queen's Birthday weekend
Despite the weather, Kiwis are heading to the beach.
Isuzu expects pick-up demand in Thailand to drop 35%
With sales significantly impacted by the Covid-19 outbreak, Isuzu expects that the demand for pick-up trucks and other light commercial vehicles (LCV) in
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
Advance reservation period for all 30 Special Rajdhani type trains extended from 30 to 120 days
Indian Railways has decided to increase the advance reservation period (ARP) from the existing 30 days to 120 days for all 30 Special Rajdhani type trains that have been operating since May 12, 2020.
Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare
Here's a look at the top stocks that may remain in focus today
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
Minnesota calls in National Guard to quell unrest over black man’s death in police custody
MINNEAPOLIS, May 28 (Reuters) - Minnesota's governor activated the National Guard on Thursday to help police restore order following two days of violent protests in Minneapolis city over the death of a black man seen in graphic video footage gasping for breath as a white officer knelt on his neck.
This lockdown, download a teacher
With online learning in great demand during the lockdown, startups in this teaching space are cashing in
Privatization of power sector | JKPEECC to hold protest on June 1 to oppose Centre's move
JKPEECC to hold protest on June 1 to oppose Centre’s move | In response to a call given by National Coordination Committee of Electricity Employees and Engineers, which is an amalgam of different power employee
Business Poll Backfires, Shows Public Wants Less Immigration
A business-funded poll backfired by showing that 56 percent of swing voters favor President Trump's decision to curb legal immigration.
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
Simplo revenues to peak in 2Q20
Notebook battery specialist Simplo Technology expects its second-quarter 2020 revenues to hit the peak for the year, judging from its order visibility, according to company chairman Raymond Sung.
Daily-rated workers demand regularisation of services
Accusing authorities of ignoring their plight, daily-rated workers Thursday demanded regularization of their services on fast track basis. Addressing
Rescheduled Boston Marathon now canceled
Staging the Boston Marathon ‘would not be responsible or realistic on September 14 or anytime this year,’ says the mayor
Search continuing for young woman missing in Hunua Ranges
Elicia Hughes-Sutherland hasn't been seen since last Tuesday.
LA mayor says councilman should resign over bribery probe
Los Angeles Mayor Eric Garcetti and the president of the City Council called Thursday for the resignation of Councilman Jose Huizar, who is the focus of a federal corruption investigation.
Landslides hit traffic on highway
Traffic remained suspended on Jammu-Srinagar National Highway due to landslide and shooting stones at Morh Gohri near Ramban town since Thursday
T20 World Cup Under 'Very High Risk' of Being Postponed: Cricket Australia
Cricket, like other sports, has come to a grinding halt with the world struggling with the ongoing coronavirus crisis.
Osaka will let clubs, bars and gyms reopen on Monday
To reopen, the facilities will be required to make a list of customers and introduce a system for the tracking of infected people using QR codes.
'Dark days' for Venice gondola makers
Already under threat, Venice's traditional gondola shipyards now lie silent apart from the gentle sound of canal water lapping at their doorsteps.
$51 million in bushfire donations reveals a big problem with viral Facebook fundraisers
Sadly, the money raised won't be going where some donors thought it would.
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
More central banks eye yield curve control. How does Japan's work?
TOKYO — The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.
Reservoirs are full – but the long-range forecast is for dry weather
RESERVOIRS are 95% full and the Island is in a ‘comfortable’ position despite the long spell of dry weather, Jersey Water has said.
In a first, Jharkhand govt to airlift 60 migrant workers from Leh today
On May 10, the migrant workers stranded in Ladakh's Batalik sector reached out to Chief Minister Hemant Soren on Twitter, requesting him to help them return to their native places in Jharkhand. Upon their request, CM Hemant Soren urged Ladakh local administration to provide assistance to the migrant labourers.
Chinese graduate students may be next hit by US-China tensions
US News: The Trump admin may soon expel thousands of Chinese graduate students enrolled at US universities and impose other sanctions against China in the late
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
Coronavirus: Governor Abiodun finally lifts COVID-19 lockdown in Ogun state
The Ogun state government has lifted the lockdown order pronounced on the state, since the outbreak of coronavirus pandemic to combat the spread of the disease.
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
Trump signs executive order; says social media platforms have 'unchecked power'
Trump-Twitter spat: US President Donald Trump said social media platforms have unchecked power to censor, restrict, edit, shape, hide, and alter virtually any form of communication between private citizens or large public audiences.
Indian Railways reinstates advance ticket reservation window to 120 days
According to a Railway Ministry spokesperson, the changes shall be implemented from 8 am of the train booking date of May 31 onwards
After fact-checking Donald Trump, now Twitter flags Chinese spokesman's claim that US military brought coronavirus to Wuhan
Twitter posted a blue exclamation mark under a tweet by Chinese Foreign Ministry spokesman Zhao Lijian, with a comment urging readers to check the facts about COVID-19.
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
Registrations at Delhi University may begin on June 8
As per the tentative schedule, the first cut-off list will be released on August 11.
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
Calm before the storm for Japan suicides as coronavirus ravages economy
TOKYO (Reuters) - The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don’t stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
CAT Bench established in Jammu
The Government of India has notified establishment of Central Administrative Tribunal (CAT) Bench in Jammu to hear service matters of Jammu and Kashmir
COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
Hong Kong govt warns removing US special status is “double-edged sword”
The statement came as US President Donald Trump is due to announce later on Friday his response to the Chinese parliament’s advancement of national security legislation for Hong Kong.
Day After Khattar Govt's Sealing Decision, Chaos Reported at Haryana-Delhi Border
Notably, the Haryana government has cited a sharp increase in coronavirus cases during the past one week in districts adjoining Delhi as reason behind its decision to seal the border with Delhi.
Man who stole thousands from Ballarat businesses is jailed
A 28-year-old father who stole thousands of dollars worth of items from Ballarat retail stores has been jailed for his "premeditated and persistent" crime spr...
CA wants T20 World Cup pushed to 2021 as politics takes spooky turn
Cricket Australia has asked that the men's T20 World Cup be pushed back a year as the sport's global politics begin to resemble something out of a spy novel.
Hong Kong Govt: Removing US special status is 'double-edged sword'
Responding to Washington’s withdrawal of Hong Kong’s special US status, Hong Kong’s government warned late Thursday that such a move could be a “doubl
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
TikTok owner ByteDance moves to shift power out of China: Report
ByteDance has quietly made a series of moves in recent months to transfer global decision-making and research capabilities out of its home country. The changes come at a time of heightened tension between the United States and China over trade, technology and the COVID-19 pandemic.
Release salary of FC employees: EJAC
Employees Joint Action Committee on Thursday urged the government to release the pending salary of the employees of Forest Corporation. A statement said
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air ...
Pompeo defends dismissal of State Department watchdog: 'He was investigating policies he simply didn't like'
Secretary of State Mike Pompeo has defended the firing earlier this month of State Department Inspector General Steve Linick, telling "The Ingraham Angle" Thursday that "I regret that I didn't recommend to the president earlier that he be terminated.
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte
Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.
Covid takes toll on core sector, output slumps 38% in April
India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d
Bhopal: Chock-a-block with traffic, Rachna Nagar underpass turns into accident-prone spot
No less than two collisions are reported everyday from under bridge that is now overburdened by four times of its original capacity.
Niti Aayog suggests slew of steps to make India’s exports competitive
The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
New comprehensive I-T form to come in handy for taxman
Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.
New PPA after 5 years: Madhya Pradesh approves pact with Adani Power
After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP), a unit of Adani Power.
Gen. Jack Keane: China 'weaponized' coronavirus to 'destroy Western democracies' economies'
Fox News senior strategic analyst Gen. Jack Keane told "The Story" Friday that Chinese President Xi Jinping had "weaponized" the spread of coronavirus around the world to destroy Western economies and stifle its competition.
Adapt or perish: How indie bookshops thrived amid Australia's shutdown
In recent years indie bookshops have thrived where once chains failed, through personal service: but it was intimacy placed at at risk when the pandemic hit.
Adapt or perish: How indie bookshops thrived amid Australia's shutdown
In recent years indie bookshops have thrived where once chains failed, through personal service: but it was intimacy placed at at risk when the pandemic hit.
Bengal govt. to recruit more workers
“This workforce increase will ensure that public services are uninterrupted and unhindered,” Mamata Banerjee said.
Karnataka: Farmers fear locust menace in Madhurigi
Farmers around Gauribidanur Road and surrounding areas in the town have expressed apprehensions over the swarms of locusts found in the area.
Grand Canyon to fully open South Rim in June; North Rim to open
The Grand Canyon is expanding access to its more popular South Rim entrance and planning to let visitors in around the clock next month after it shuttered temporarily over coronavirus concerns.
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Will give Rs 25 cr to Rlys: Vijay Rupani
The funds are being given to the Railways at a time when the ticket fare for the journey is being charged from the migrants itself.
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
Coronavirus: New SOP for 7-day quarantine for international passengers
For Vande Bharat returnees approaching the end of their 14-day mandatory quarantine period, new guidelines reducing the institutional quarantine period appeared to be Godsend. But, many have been waiting in vain to be discharged.
Many Choosing Not To Take Vacations This Summer
A new survey published by PRNewswire indicates a large percentage of us plan on keeping our noses to the grindstone all summer long.
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
Tata vs Mistry: SC to hear Cyrus Mistry’s plea for Tata Sons board seat
Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his family group.
Daiichi Sankyo case: Singapore’s SC dismisses Singh brothers’ plea
In a big setback to former Ranbaxy promoters Malvinder Singh and Shivinder Singh, the Supreme Court of Singapore has dismissed their appeal seeking quashing of the Singapore High Court’s order that upheld the Rs 2,500-crore arbitration award in favour of Japanese pharma major Daiichi Sankyo.
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
GDP numbers a telling commentary of BJP’s economic management, says Congress
Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore
With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.
Coinbase Introduces Tezos (XTZ) Staking to Earn Rewards by Passively Holding Crypto on the Exchange in the UK, certain EU Countries
San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets.
Are creatives on another cockroach-horse ride? - The Nation Nigeria News
I received with reservations, the current touted plan by the federal government to provide palliatives for the creative industry. The move appeals to me
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
India paves way for Apple, others to increase domestic production by removing a clause
Govt has dropped irritants from its PLI scheme, paving way for phone-makers to ramp up production in India.
Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance
Bitcoin's rejection at $9,700 has coincided with funding flipping positive. This suggests that sellers are gaining the upper hand over buyers
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
Wall St ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.
Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
Twin Cities simmer as curfews imposed to counter riots go into effect
An 8 p.m. CT curfew for the cities of Minneapolis and St. Paul, Minn., went into effect Friday following three nights of violent, chaotic demonstrations following the death of George Floyd that climaxed Thursday night with rioters setting a police station ablaze.
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia
After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.
In broadside against China, Trump moves toward ending Hong Kong privileges
WASHINGTON, May 30 ― President Donald Trump yesterday ordered his administration to begin the process of eliminating special US treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial centre. In...
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Interior Minister Avakov on Brovary shootout incident: 28 people detained (Video)
The shootout was the result of a feud on the market of passenger transportation services between Kyiv and the suburban town.
Adapt or perish: How indie bookshops thrived amid Australia's shutdown
In recent years indie bookshops have thrived where once chains failed, through personal service: but it was intimacy placed at at risk when the pandemic hit.
Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20
The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.
Report: UFC, Reebok could ‘part ways’ as contract expires at the end of 2020
The UFC’s sponsorship deal with Reebok is due to expire at the end of 2020 and the promotion is already looking in a different direction.
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Haryana police asks banks, jewellers to ensure visitors take off masks at entry
Haryana’s DGP Manoj Yadava issued the advisory to all district police chiefs (commissioners of police and superintendents of police), asking them to circulate the instructions to all jewellers, banks, gold finance companies and so on
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
Police discover guests staying at five-star hotel during coronavirus lockdown
Officers made the discovery after they were called to Ramside Hall Treehouse in County Durham, to reports of a domestic incident - the hotel's owners have since been reported to the council
India's economic growth dips drastically during coronavirus pandemic
Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year
Railways defends itself, says Shramik Specials can be terminated or rerouted
Yadav also defended the Railways against the flak over lack of food and water on board the delayed trains.
‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate
Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.
L.A. County Approved to Reopen Hair Salons, Barbershops
Nail salons are still excluded, but L.A. is moving fast toward reopening of hair salons, barbershops, even restaurants amid the coronavirus.
SC order on migrant workers a welcome move, but with most labourers already ferried home, it has come a bit too late
Supreme Court directive to the Centre and the states on how the migrant workers' reverse migration should be handled is a welcome move
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
Between two storms: Caribbean braces for hurricanes in coronavirus era
HAVANA/NEW YORK (Reuters) - Ken Hutton is worried Great Abaco Island in the Bahamas where he lives is far from rebuilt after being devastated by Hurricane Dorian last year yet he is bracing for another hurricane season in the midst of the coronavirus pandemic.
Florida officials approve Walt Disney World reopening plans
(Reuters) - Florida officials have approved plans for a phased reopening of Walt Disney World (DIS.N) in Orlando starting on July 11, according to a memo from a state agency released on Friday.
Second batch of 1,250 migrant workers leave aboard Shramik special
The workers are headed to Odisha, Andhra Pradesh, Telangana and Jharkhand
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Deloitte's consulting arm said to warn of about 2,500 job cuts
There’s growing concern among some consultants who aren’t currently assigned to a project with a client that they’ll be first in line to lose their jobs, one of the people said.
3 Sports Apparel Stocks to Trade for Players and Spectators Alike
Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.
S&P 500, Dow dip on jitters over Trump's China response
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
Futures hit by Sino-US tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...
Lesser in number, Odisha workers in Ahmedabad await Shramik trains
According to officials, a total of 80 migrant workers from Odisha have registered for Shramik trains in Ahmedabad in the last one week, but at least 1,600 passengers are required to book a train to a particular state.
USA Hockey president Jim Smith facing investigations
USA Hockey president Jim Smith is the subject of two investigations surrounding his tenure as the president of Amateur Hockey Association Illinois.
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
10m Homes ‘ll Benefit from Mambila Power Plant – Buhari
PRESIDENT Muhammadu Buhari has said that over 10 million Nigerians will benefit from the Mambila power plant which is c
ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters
FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
Bangladeshi eggplant farmers reap rewards via genetics
Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.
Torstar buyer says Canso picked to provide financing because of media experience
TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
US Asians, harassed over coronavirus, push back on streets, social media
A spike in harassment of Asian-Americans since the coronavirus pandemic began has led community activists in the United States to fight back - ...
Reuters: Wizz Air expands with new bases in Italy, Cyprus, Ukraine and Albania
Eleven new aircraft will be deployed at the new bases and there will be 50 new routes.
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.
UCO athletics announces three-phase plan to reopen athletic facilities
The University of Central Oklahoma athletic department announced its three-phase plan for reopening on a limited basis beginning June 1.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.
53 flights cancelled to and from KIA, strict surveillance at border roads
Air traffic from five high-risk States Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu and Rajasthan to be reduced
Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper
Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.
Soldier's letter home from Vietnam delivered 52 years later
May 29 (UPI) -- An Indiana woman said she was surprised when a letter her brother sent while serving in the Vietnam War finally made its way to her after 52 years.
Democrats Skeptical Of Second Round Of Stimulus Checks
House Democrats who had hoped to provide Americans with a second $1,200 stimulus check are facing opposition from members of their own party in the Senate.
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
Greece bans Irish tourists from visiting due to poor coronavirus record
Greece has released a list of 29 countries from where it will accept tourists - and Ireland does not make the list
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript
Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,
Grizzlies captain Westhaver’s NCAA dream back on track
Marty Westhaver has a new lease on his hockey life. One week after being told the NCAA Div. 1 school the graduating Victoria Grizzlies captain had earned a scholarship to this fall was folding . . .
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
Politico says New York Gov. Cuomo's 'coronavirus halo begins to fade'
Politico took aim at Democrat New York Gov. Andrew Cuomo in a report Friday, saying his "coronavirus halo" has begun to "fade."
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Lloyd's of London considers part-virtual underwriting room
LONDON (Reuters) - The Lloyd's of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements. Lloyd's shut its
Covid Lockdown may be confined to 13 cities; hotels & malls could open
The national directives on new lockdown are likely to be issued on May 31 for next fortnight.
Westlake Chemical Corporation: Too Early To Go Long Here
First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1
How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock
Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.
Lumber sees surprise win as shut-in Americans fix up their homes
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
Covid-19: New York City 'on track' to begin reopening week of 8 June, says Cuomo
New York City has already met guidelines surrounding falling deaths and declining hospitalizations and is expected to meet criteria concerning hospital and testing capacity next week, Cuomo told reporters
De Blasio, Cuomo target June 8 for first phase of New York City reopening
The city is on track to meet all of the state’s metrics needed to begin relaxing its stay-at-home order.
Greece will reopen to tourists from 29 countries beginning June 15, will conduct random testing
Greece will begin lifting its coronavirus lockdown for business and travel ahead of the peak summer tourism season, officials announced Friday.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Wall Street retreats ahead of Trump's response on Hong Kong
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
More than 1.65 lakh people travelled in 2,198 flights since Monday: Puri
Civil Aviation Minister Hardeep Singh Puri said, 'Our airports continue to function smoothly'.Private carriers have operated a total of 2,198 flights till 5 pm on Friday -- 428 on Monday, 445 on Tuesday, 460 on Wednesday, 494 on Thursday and 371 on Friday
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
Thunderstorms bring relief from searing heat
Relief likely for two more days before temperature rises on June 2
Public health emergency extended in Georgia, more businesses allowed to reopen
Gov. Brian Kemp on Thursday extended the public health emergency in Georgia to July 12 and loosened some restrictions on various businesses.
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
Sunak scales back furlough scheme as Covid-19 death toll reaches 38,161
British chancellor announces lower wage supports and plans to stem unemployment
No need for testing labs in all districts, govt. tells HC
State directed to file affidavit on June 1
Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding
In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.
Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight
Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...
Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple
XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr
Heat Wave Continues In UP; Etawah Hottest At 43.8 Degrees
The intense heat wave conditions continued at many places in Uttar Pradesh on Friday with Etawah being the hottest place in the state at 43.8 degrees Celsius, the meteorological department said.
GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision
Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
Coronavirus: Chancellor extends support for self-employed but warns of ‘hardship ahead’
Chancellor Rishi Sunak has extended support for self-employed workers and unveiled a new "flexible furlough" system for firms.
S&P 500 up in choppy action after Trump comments on China
Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Locust danger for flights! DGCA issues guidelines for pilots and airlines; Check details
Terming this year's incident of locust attacks "highly unusual" which was last seen 20 years back, the aviation regulator has advised the pilots to be mindful of locust attacks during the landing and take-off of the aircraft as they fly close to the ground.
Analysis: Chancellor of the Exchequer Rishi Sunak takes his first steps towards an uncertain destination
Rishi Sunak has been a relatively rare breed among UK Government ministers during the coronavirus crisis to date, in that his reputation seems to have been enhanced rather than ruined.
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
CoinMarketCap Revamps Pairs Ranking to Chase Inflated Volumes
CoinMarketCap.com has unveiled a new ranking system for all trading pairs listed on the industry’s go-to aggregator of cryptocurrency data
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
Tencent in talks to buy Warner Music stake: report
The listing by the world’s third-largest recording label could potentially be the largest New York IPO so far in 2020.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
End of US Waivers Will Not Impair Iran Nuclear Activity
The United States' termination of sanctions waivers that allowed foreign firms to cooperate at Iranian nuclear sites will have no impact on Tehran's nuclear activities, spokesman for the Atomic
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Rush expected for Queen's Birthday travel
Bubbles are bursting. This story was first published by RNZ Local tourists are hitting the road this weekend to reclaim some of the country's best...
Redesigning business processes for contactless operations
Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting
More flights to bring labourers home: CM Soren
After an Air Asia flight brought home 180 migrant labourers home from Mumbai to Ranchi on Thursday, Chief Minister Hemant Soren said that if needed, more flights will be used to bring back migrant labourers. The CM had written to the Centre and the Home Minister seeking permission for chartered
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
ITC Hotels partners with Swiggy to deliver food delicacies at customers' doorsteps
The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement.
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
Philippines gears up to reopen tourism
Department of Tourism (DOT), Philippines is preparing for the re-opening once places are classified under the modified general community quarantine…
Hawaii senators support effort for ‘travel bubble’ agreement with Japan | Honolulu Star-Advertiser
An effort to reopen Hawaii’s tourism economy by forming a pilot “travel-safely bubble” with Japan got a preliminary blessing from state lawmakers today.
Creating infra worth Rs 2,209 cr in industrial parks: TSIIC Chairman
TSIIC Chairman Gyadari Balamallu said the State government was developing world class infrastructure worth Rs 2,209 crore in all industrial parks in the State.
COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.
No funds to pay green scheme workers
PETRUS Uugwanga, managing director of the Agricultural Business Development Agency (Agribusdev), on Tuesday said the agency cannot pay workers' overdue salaries at green schemes countrywide.
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.
No new car, no bouquets as Raj Bhavan goes on an austerity drive
Practice of offering gifts to VVIPs discontinued; measures aimed at cutting spending by 15%
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
New Zealand near eradication, but virus has grim global hold
New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim,
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
Shrines to open in Bengal from June 1, offices from June 8
Shrines to open in Bengal from June 1, offices from June 8. Two days before the end of the fourth phase of the nationwide lockdown, West Bengal Chief Minister Mamata Banerjee on Friday announced a slew of relaxations, including reopening of shrines from June 1.
Asia Session: Asia Booking Profits Ahead Of The Weekend
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
Ghana initiates 'Decade of African Renaissance 2020-2030'
Tourism, Arts and Culture Minister, Barbara Oteng-Gyasi, on Thursday, announced that a 10-year programme, called the “Decade of African Renaissance 2020-2030” has been initiated to grow Ghana’s tourism industry.
BBMP wastes time in felicitation, ignores rain preparedness
The BBMP council, which met for three and half hours, failed to discuss rain preparedness despite widespread damage caused by more than 200 trees/tree branches falling in the past one week and two people losing lives in rain-related incidents on Tuesday.
Pentecost, All Nations University receive presidential charters
President Nana Addo Dankwa Akufo-Addo on Thursday, 28th May, 2020, presented presidential charters to the Pentecost University College, Accra, and All Nations University College, Koforidua, at a ceremony at Jubilee House, the seat of the nation’s presidency.
Chairman Of Nigeria’s Revenue Agency Denies Allegations Of Tribalism In Organisation
Nami, who spoke while reacting to the alleged removal of some directors on tribal and ethnic grounds, said that the exercise was done according to the laws of the country.
Millions vulnerable to poverty although world does not suffer food shortage: IFAD
According to the World Food Programme, 265 million people would suffer from hunger by the end of this year due to the coronavirus pandemic.
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
#ECMustListen: More Ghanaians join calls to resist new voters’ register compilation
The seemingly unpopular decision by the Electoral Commission to compile a new voters’ register regardless of the existing global health crisis is being brutally scrutinized by some concerned Ghanaians on social media.
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
Don't water your lawn and take showers not baths, Britons are warned as driest May on record raises fears of summer hosepipe bans
Yorkshire Water has asked its three million households to cut their water usage in the driest May in 124 years. Britain has only seen an average of 1.25in (31.8mm) of rain across so far this month.
Financial help sought for new community hub
The $3.8 million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
How can I qualify for pension cap indexation?
Indexation of superannuation pensions - if it ever happens - won't be available to all, writes John Wasiliev, who seeks answers to your questions about super.
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
Single quarters to make way for development
THE Keetmanshoop Town Council is planning to demolish the single quarters area containing 16 housing units.
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
Government is drafting new rules for workers under level 3 lockdown
Minister of Employment and labour Thulas Nxesi says that government is working on a new labour directive for South Africa’s level 3 lockdown.
RS official tests COVID-19 +ve, 2 floors of Par blg sealed
RS official tests COVID-19 +ve, 2 floors of Par blg sealed. This is the second case of an official posted in the building testing positive for the infection.
Special scheme to help rural industrial units in Tamil Nadu launched
The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.
No rodeo festival dashes Wyoming city's hopes amid COVID-19
The Just Dandy women's clothing store in downtown Cheyenne has endured fire, flooding, recessions and so far the coronavirus pandemic, but will this year's cancellation of the city's famous cowboy-and
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
Are State Reopening Policies Turning The Economy Around?
There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.
Magic Leap CEO Rony Abovitz to step down
Magic Leap is not yet naming a replacement.
Ghana Guardian retracts and apologises to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
Railways extends advance reservation period; No travel fare for migrants
Indian Railways has taken the decision to extend the advance reservation period (ARP) from 30 days to 120 days for its special Rajdhani trains as well as the Mail Express trains that will commence services June 1 onwards.
Turkey to partially lift COVID-19 restrictions on June 1
Turkish President Recep Tayyip Erdogan announced that a series of restrictions, which were previously imposed to curb the COVID-19 pandemic
Canada's vulnerable to money laundering on par with similar countries: expert
VANCOUVER — A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.
Delhi HC restrains OLX, Quikr from posting fake Reliance job ads on web portals
Justice Mukta Gupta, in two separate interim orders, said RIL and Reliance Jio Infocomm Ltd have made out a prima facie case in their favour and in case no ad-interim injunction is granted they would suffer an irreparable loss and balance of convenience also lies in their favour.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Odisha unveils Rs 17,000 crore plan to support people's livelihood hit by economic crisis
The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.
Home in on that house
If you thought the 2% cut in stamp duty was a good thing, wait a while.
Best Bank Accounts
Martin Lewis reveals how to compare and switch to the best bank accounts that can save you £100s a year.
Financial help sought for new community hub
The $3.8million Wanaka Community Hub building, which opened seven months ago is in financial strife. The hub houses community and government...
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
South Africa’s diesel shortage to last several weeks
A shortage of diesel fuel in South Africa will ease up in a few weeks when about 30% of its refining capacity, idled because of a drop in demand spurred by the Covid-19 lockdown, will return to service.
Austrian to resume flights to 37 destinations
Regular scheduled flights will resume on June 15, with destinations including London…
Buy United Spirits; target of Rs 650: ICICI Direct
ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.
Slaughterhouses reopen but farmers still euthanizing pigs
Meatpacking plants that had to briefly close due to coronavirus outbreaks have been back up and running for weeks, but production backlogs are forcing farmers to euthanize thousands of hogs that can't
Calculated criminal conduct
The $400-million Manchester Municipal Corporation fraud trial ended on Friday, May 15, 20...
Economists must collaborate courageously
To navigate pandemic trade-offs, policymakers need syntheses.
No temporary increase in weekly asylum payment during pandemic
Request for €20 rise during crisis from 40 organisations is rejected
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
Retraction and apology to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Sathuppalli farmers told to grow sugarcane in large extent
Farmers in Sathupalli Assembly constituency were advised to cultivate sugarcane crop in large extent of land this Vanakalam season
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
Air India to operate additional repatriation flights to six countries
Air India said it will operate additional repatriation flights to six countries between June 4 and June 6 to bring back stranded Indians under the phase 2 of Vande Bharat Mission.
MeECL staff strike on June 1
SHILLONG: The MeECL employees and engineers will take part in the national protest day on June 1 against the proposed amendment to Electricity Bill 2020 and privatisation.In a letter to Chief Minister Conrad Sangma on Thursday, the All MeSEB Un
ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster
South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic
The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.
No total lockdown on this weekend
There will be no total lockdown in Chhattisgarh in the coming, last weekend of May, the government has decided, while announcing more freedom for shops and businesses and detailed guidelines to improve the quality of life in its quarantine camps. This follows a high-level meeting chaired by Chief
How Covid-19 is transforming Russia’s power structures
As Putin’s popularity falls while that of governors rises, the old centralised system is in flux.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.
Fears for Westland when wage subsidy ends
Financial pain is predicted to cripple tourism towns when the Covid-19 wage subsidies end shortly. Nine weeks after lockdown, Franz Josef Civil...
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
Sustainable Water Technologies Meet Consumer Demands
At one point in time, the water treatment industry was largely novel and unknown to the consumer market. However, as our society in the new decade grows more
Magic Leap CEO Rony Abovitz is stepping down
Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.
Trump signs executive order aimed at regulating Twitter, FB
Trump signs executive order aimed at regulating Twitter, FB. The order comes a day after Trump accused Twitter of election interference, after it added fact-check links to two of his tweets.
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
Japan Might Be Subsidizing Your Travels When The Crisis Passes Over
Japan’s tourism numbers in April 2020 were reportedly 99.9% lower than those in April 2019.
Paris-based Neobrain snaps up €3 million to support employees during change
French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the
Japan dispels reports that it will subsidise trips for foreign tourists
Media reports began circulating earlier this month that Japan will launch a campaign that will involve paying for half of foreign tourists’ trips to the country
California prison employees suspended over racist remarks
California prison officials said Friday that they suspended multiple employees who made racist jokes about the death of an unarmed black man in police custody in Minneapolis, a disclosure that came am
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
Wall Street retreats ahead of Trump's response on Hong Kong
President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
Procter & Gamble Health posts net profit of Rs 46.5 crore for March quarter
It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, Procter & Gamble Health said in a regulatory filing.
South Africans quench thirst with moonshine during lockdown ban
South Africa imposed a lockdown on 27 March and banned alcohol in a bid to ease hospital workloads, help the public stick to social distancing rules and prevent a rise in domestic violence. A partial lifting of the ban is set for 1 June.
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Chaos and jams at Delhi borders
Chaos and jams at Delhi borders. The tightening of traffic restrictions put in place to contain the spread of the coronavirus by Gurgaon and Ghaziabad administrations on their borders with Delhi led to chaos and traffic congestion on Friday.
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
Gold Up on Back of Mounting U.S.-China Tension
Gold Up on Back of Mounting U.S.-China Tension
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
Erin O'Toole promises increased childcare support as part of COVID-19 economic recovery plan
Both frontrunners in the Conservative leadership race, O'Toole and Peter MacKay, have now released their plans for leading Canada out of the COVID-19 crisis
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
French economy shrank less than first thought in first quarter: INSEE
French economy shrank less than first thought in first quarter: INSEE
The key to Balik Probinsya success
"The architects of the Balik Probinsiya program may be considered recidivists." The government has put in place a Balik Probinsiya program as part of its strategy for dealing with the coronavirus pandemic. Under the program, the government will pay the back-to-the-province fare – plus some journey money – of Filipinos rendered jobless by the pandemic.
Europe moves ahead with lockdown easing, but caution in Asia
As much of the world grapples to find the path forward, with the deadly virus still spreading in some places and a vaccine at best a distant reality, Europe is slowly emerging from isolation.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
Lockdown 5 – Still no respite to the common man’s plight
The lockdown is going to extend further for 5th time, people have already gone hopeless and clueless, and no one knows where to go from here
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
Silver Price Analysis: Struggles to gather upside traction despite diamond breakout
Silver is currently trading near $17.41 per ounce, representing a 0.21% gain on the day, having faced rejection near $17.50 on Thursday. The metal wit
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Cruz, Lee on Next Virus Legislation: Recovery, Not Relief Legislation
Sens. Ted Cruz and Mike Lee said tax cuts and deregulation are needed to help small businesses recover in the wake of coronavirus.
Application for Coronavirus Alleviation Programme is free - NBSSI
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
How Will Africa Fare After COVID-19? By Haleed Sulemana
The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.
CBP Flew A Predator Drone Over Minneapolis Amid George Floyd Protests
The use of the drone drew criticism from the American Civil Liberties Union.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
Business News
PPI Announces Winners of Projects and Members of the Year Program The Plastics Pipe Institute, Inc. (PPI) announced the winners of its Projects and Members
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
Michigan ‘welcome’ signs are anything but amid coronavirus
Welcome to Michigan — not. Two electronic billboards at the Indiana border are urging travelers to think again before driving into the Wolverine State so long as coronavirus lockdowns are in
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
Asian Stocks Down as Investors Await Trump Action
Asian Stocks Down as Investors Await Trump Action
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
Relief for migrant labourers: Too late, too little
The govt’s measures for migrant workers won’t be of much effect. We must consider basic income transfers, otherwise we risk starvation due to indifferent public policy responses
14 Return-On-Equity Champions With Warren Buffett Fundamentals
Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.
Additional 10 passenger trains to operate from June 1: Sheikh Rashid
Railways minister said that 40 out of 142 passenger trains will be operating from June
DD News shifts operations to Khelgaon after employee tests positive for COVID-19 posthumously
According to an official of DD News, initially they were told that the employee had a heatstroke and then they learnt he had a heart attack which led to his death. However, when they learnt that he had died due to coronavirus, the areas he may have accessed were sanitised.
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
Talks with hairdressers on safety measures under way - Dlamini-Zuma
The minister on Thursday gave an overview of what citizens can expect from Monday when the regulations for level 3 of the lockdown kick in.
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Shramik Specials not regular trains, can be extended, diverted to benefit migrant workers: Railways
Addressing a press conference, Railway Board Chairman V K Yadav clarified that no train can ever be
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Court Jails Man For $240,000 Romance Scam
The convict, who defrauded his victim, Chantai Meadery in February 2018 through a dating scam, with a promise of "building a future together" in Switzerland, was arraigned by the Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on July 23, 2019 on a 4-count charge bordering on obtaining money by false pretence and money laundering.
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Russia's Rosneft finds extended oil cuts painful: Sources
Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.
SAA's BRPs criticised for delaying rescue plan
The plan was expected to be made public on Friday but the practitioners have asked for an extension to 8 June.
The cities that could benefit most from the UK’s £500 million EV charging fund
According to new research from Uswitch.com, Stoke-on-Trent, Southend and Birmingham are among the cities that could benefit most from the Government’s £500 million ‘Rapid Charging Fund’.
Questions on reopening New York's economy baffle businesses
Some upstate New York business owners who made plans to reopen Friday as the state gradually loosens restrictions put in place during the coronavirus crisis remained close amid last-minute confusion o
CWI agree in principle to tour England in July, awaits UK gov't approval
Cricket West Indies has agreed in principle to send a West Indies team to England for a three-Test series in July. The decision was arrived at during a meeting of the board on Thursday. The decision c...
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
Hawaii explores ‘travel bubble’ with Japan amid tourism collapse | Honolulu Star-Advertiser
A pilot “travel bubble” with Japan that allows for relaxed travel restrictions between the two destinations might be a way for Hawaii tourism to start coming back from the 99.5% plunge that it took in April.
Migrant workers sent back to Odisha from Hyderabad
The Rachakonda Police came to the aid of about 85 migrant workers and helped them safely return to their native places in Odisha.
WTI slips below $34.00 amid risk reset in early Asia
WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco
CBD businesses hoping that fewer people will keep working from home
Report from RNZ by Ruth Hill While government departments are keeping Wellington staff working at home – some shops and cafes in Wellington’s CBD report trade is down 40 percent.
Additional metro trains to be operated to reduce rail overcrowding: Transport Ministry
The last train will take off from the third line's El Shams Club metro station at 7:15 p.m and from the second line's Ataba station at 7:45 p.m, the ministry said.
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
US indicts N. Koreans, Chinese over US$2.5b network to dodge sanctions
WASHINGTON, May 29 — The US Justice Department indicted 28 North Koreans and five Chinese yesterday for operating a money laundering ring that moved billions of US dollars through global banks to avoid nuclear sanctions on Pyongyang. The network processed more than US$2.5 billion (RM10.9 billion)...
Andrew Hume announced as new Acting CEO of ECMS
Early Childhood Management Services (ECMS) a Victorian based not for profit early childhood education and care (ECEC) provider has confirmed the appointment of Andrew Hume as their new Acting Chief Executive Officer effective 9 June 2020.
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Government's self-employment support scheme extended – what you need to know
The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months, the Chancellor has announced today. It's also said this will be
UN: Virus could push 14 million Latin Americans into hunger
BOGOTA, Colombia (AP) — The US World Food Programme (WFP) is warning that upward of...
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
UT Bank collapse: State ordered to file relevant documents by June 22
An Accra High Court has ordered the State to file, by June 22, all the documents they intend to rely on in the matter of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana and five others, whose alleged roles led to the collapse of the Bank.
Trump signs an executive order about social media platforms
Days after Twitter added 'fact check' to two of US President Donald Trump tweets, calling them 'potentially misleading', the latter has signed an executive order about social media platforms. The order is aimed at limiting the broad legal protections enjo
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people.
NYC Eyes June 8 for First Phase of Reopening
Also Friday, Gov. Andrew Cuomo cleared a large swath of upstate New York to reopen hair salons, retail shops and offices under strict guidelines.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Mamponteng residents worried about abandoned road projects
Residents at Mamponteng in the Kwabre East Municipality have expressed concern over the continued delay in completing the road networks in the community.
Tasting Australia Will Not Go Ahead in 2020
Originally shelved until October, the state’s biggest food and drink festival will now return in autumn 2021.
California elected officials face no pay cuts despite economic turmoil brought by coronavirus pandemic
Despite millions of people continuing to face unemployment, garnished wages, or pay cuts, elected officials in California can consider their salaries safe from reductions during the ongoing coronavirus pandemic.
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
How New Zealand Used Evidence-Based Policies to Beat The Pandemic
The day the US mourned reaching a tragic milestone - 100,000 novel coronavirus deaths - people on the other side of the world in New Zealand celebrated a much more hopeful one: No new coronavirus cases over the prior five days.
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
HC asks Delhi govt to file detailed reply on pleas challenging levy of 70% 'special corona fees'
The Delhi government had earlier filed its response to the petitions, saying that trade or consumption of liquor is not a fundamental right of a citizen and the State has the authority to regulate its sale and levying 70 percent 'special corona fees' on MRP of all alcohol brands is a price for grant of such privilege to public.
ITC Hotels partners with Swiggy for home delivery
Home delivery service will be available for properties including ITC Maurya, ITC Royal Bengal, ITC Grand Chola, ITC Gardenia and ITC Windsor among others…
Cigarette ban threatens to bankrupt companies
The ban on the sale of cigarettes is one of the most controversial regulations in place as part of South Africa’s COVID-19 lockdown.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
US judge won't lift 50-person cap on Nevada church services
A federal judge rejected a rural Nevada church’s request Friday for an emergency injunction that would allow it to exceed Gov. Steve Sisolak’s 50-person cap on religious gatherings.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
Flight operations to return to pre-COVID-19 levels by Diwali: Hardeep Singh Puri
Domestic flight operations resumed in a staggered manner after a gap of two months on May 25.
No hearing held of Mir Shakil-ur-Rahman's bail plea
MSR's arrest has been classified as the eighth-most urgent case in threat to press freedom, according to Time Magazine
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
United Airlines cutting 13 top jobs under fresh restructuring
United Airlines cutting 13 top jobs under fresh restructuring
Council may find it difficult to raise GST rates
The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
Should You Pick Ameren Over NextEra?
he stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 105% since the beginning of 2017, driven by the company’s fast-growing renewable energy business. In comparison, Ameren, a regulated utility that operates in Illinois and Missouri...
Fears for Kenya's urban food supply as floods drown rice
Kenya’s recent floods have ruined harvests in several rice production hubs.
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
US major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
India’s oil import bill falls 10 per cent in FY 20
At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage.
Mantashe warns mines over COVID-19 compliance, Nxesi worried about worker safety
Economic cluster ministers in the national coronavirus command council are briefing the media on the level 3 lockdown regulations pertaining to their departments.
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Stop replacing green grass with pavement blocks – Meteo cautions households
The Ghana Meteorological Agency (GMET) has advised people to stop replacing green grass with pavement blocks in their homes.
4 escape death as flood engulfs Ho
The Volta Regional Capital, Ho is gradually becoming a flood-prone area as about 11 places have been identified to be dangerous flood-prone spots in the hitherto flood-free municipality.
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Renault to cut 15,000 jobs
Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
European stocks rise for fourth day on healthcare bounce
FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
From Mumbai, workers fly to Jharkhand on plane rented by NLSIU alumni
They were part of a group of 174 labourers — daily wagers, auto drivers and construction workers — from Jharkhand, living in Mumbai, who boarded a plane that was leased by a group of alumni of National Law School of India University (NLSIU).
Pompeo Releases Letter Clearing Him of Violating Law With Kansas Trips
Secretary of State Mike Pompeo also criticized Senator Robert Menendez, Democrat of New Jersey, who has opened an investigation into the firing of the State Department inspector general.
Iran warns US: Wherever you are, we are right next to you - Middle East
Amid tensions in the Gulf, Iran's Revolutionary Guards warn the United States against its naval presence in the region.
Yuluwirri Kids educator announced as 2020 NSW Trainee of the Year finalist
Marshandra Naden, familiar to readers of The Sector from a recent piece announcing her as the recipient of a Pat Dixon Scholarship, has progressed to he finals of the 2020 NSW Trainee of the Year Awards for the New England Region.
UP Board 10th and 12th Results 2020: Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) to declare Class 10th and 12th Results 2020 soon @ upresults.nic.in
UP Board 10th and 12th Results 2020: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is set to declare Class 10th and 12th Results 2020 soon on its official website upresults.nic.in.
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...
Frydenberg talks markets to US Treasury secretary
Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
CHICAGO (Reuters) - Tyson Foods Inc (TSN.N) said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Quarantine bottlenecks add to woes of returning Filipinos
When his cruise ship sailed into Manila Bay after weeks of voyaging like a castaway amid port closures set off by the global pandemic, Erick Arenas felt he was finally home.
$60m funding boost for NZ libraries announced at Turanga
The government chose Christchurch's central library, Turanga, as the venue to announce a $60 million cash injection for NZ libraries on Friday.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
Sale of shut Philly refinery to real estate developer delayed
Sale of shut Philly refinery to real estate developer delayed
Lee asks state agencies to cut budgets by 12%
Gov. Bill Lee has asked all state agencies to find ways to slash their budgets by 12% and submit their new proposals by the end of June.
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
Coronavirus: Government urged to roll out ICT programmes to address job losses
Youth Rise International, a Non-Governmental Organisation (NGO) focused on poverty eradication through education and decent work has called on the Government to as a matter of urgency roll out a national ICT for Work programme for the youth.
US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions
The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.The network processed more than $2.
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
Rand falls, focus on Trump's Hong Kong response
Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.
Sex Workers Get Back To Business In Switzerland But Told To Social Distance
As Switzerland relaxes its lockdown measures, prostitution can resume from 6 June. Other sports, including boxing and ballroom dancing, however, remain forbidden.
How important is Hong Kong to China as a free finance hub?
China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand
During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
PB to reopen partially today
SHILLONG: No more fretting over lost opportunities to buy the shirt you wanted, or maybe a top to go with your favourite pair of jeans as festive occasions went by with shops selling textiles and garments firmly shut, thanks to the dreaded yet unavoi
Nxesi: Employers must provide PPE, sanitisers for returning domestic workers
On Monday, service staff will join over 8 million South African employees who will be returning to work for the first time since the lockdown was enforced in March.
Coronavirus pandemic | Maharashtra to give Rs 50 lakh insurance cover to frontline workers: Deputy CM Ajit Pawar
Pawar, who is also finance minister, said huge manpower is busy in surveying, tracing, testing, taking preventive measures and providing relief during the pandemic by risking their lives.
New director for Arizona Department of Economic Security
The Arizona Department of Economic Security has a new director.
18 flyers who flew in last 3 days test positive for Covid-19, say airlines
India News: NEW DELHI: At least 18 flyers who flew on different domestic routes of two airlines in the last three days have tested positive for coronavirus, airli.
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
This Twitter Trend Is Helping Support The People Protesting George Floyd’s Murder
A Twitter trend where people “match” donations to the Minnesota Freedom Fund has gone viral, with over 27,000 tweets mentioning the organization as of Thursday afternoon and celebrities like Lin-Manuel Miranda tweeting the link to his 3 million followers.
Government announces furlough scheme changes – what you need to know
The Chancellor Rishi Sunak has announced a series of changes to the Government's furlough scheme today, including workers being able to go back part-time from July. Here's what you need to know
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
What Two Things Make Flyers Feel Safest Regarding COVID-19? See J.D. Power 2020 Airline Study
The industry will need to focus on restoring confidence, while continuing to improve on the operational side.
‘Destroy Eggs, Spray Neem Oil’: Maha University Suggests Ways To Tackle Locust Menace
As parts of Maharashtra and other states face attacks from locusts, which destroy crops and vegetation, an agriculture university has suggested a slew of measures like destroying their eggs and spraying neem oil on crops to tackle threat from the migratory pests. Swarms of crop-eating locusts have spread across Madhya Pradesh, Rajasthan, Uttar Pradesh and […]
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Dell Hit By Coronavirus But Wins Millions In Govt Deals
SYDNEY: In its third year in a row, Dell Australia has posted a drop in profits. This year the company posted an after-tax profit of just over AU$31 million for the financial period ended January 31, 2020, slightly down from the $33.6 million recorded in 2019.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
COVID-19: Pakistan’s largest religious education board hints at resuming teaching activities
Wafaq-ul-Madaris Al-Arabia Pakistan says admissions for the new academic year would start from June 2
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
US layoffs climb to 41 million despite businesses reopening
WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...
Tourists could begin to return to Hawaii by late summer, economic report says | Honolulu Star-Advertiser
The latest economic projections from the University of Hawaii Economic Research Organization suggest it will take at least two years for the mainland economy to recover from the coronavirus pandemic, with tourists beginning to return to Hawaii in late July of this year.
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
White House decides not to release economic update as election draws near | Honolulu Star-Advertiser
WASHINGTON >> The White House took the unusual step today of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how the coronavirus has ravaged the nation just months before the election.
Trump signs executive order to narrow protections for social media platforms
Move comes amid president’s feud with Twitter after it factchecked him for the first time
Asokore Mampong housing project completed, named after Otumfuo
The Affordable Housing project at Asokore Mampong in the Ashanti has been completed and named after the Asantehene, Otumfuo Osei Tutu II.
Creating Value Through Digital Transformation
Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Get a job: Fred Rogers Productions is looking for a Digital Producer
The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry! Here is just one of the many, many positions being advertised right now. Digital Producer - Fred Rogers Productions
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
Rush expected for Queen's Birthday travel
Local tourists are hitting the road this holiday weekend to reclaim some of the country's best hotspots. With international visitors locked out -...
McConnell Vows The Next Stimulus Bill Will Be The Last One
Another round of stimulus checks, more state aid, and extended unemployment benefits are all on the line.
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Italian magistrates target Uber Italia over alleged rider exploitation: sources
Covid-19 crisis: UP sees sense on migrant workers, Maharashtra should too
A shortage of workers in one state or another could result in a spike in wage costs, throwing the economics of manufacturing or construction out of gear.
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Asia shares fall as US-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
Finance Ministry statement on controversial Covid-19 tender
PERMANENT Secretary in the Ministry of Finance and Economic Development, George Guvamatanga, has been in the eye of a storm amid reports he authored a letter to the Health Ministry pushing for the payment of funds to suppliers of Covid-19 equipment.
Cash crunch hits PCB, as it seeks Rs 3cr from PMC
Cantonment board officials claim civic body authorities promised financial aid but the latter said only healthcare commitment was made for treating patients
What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?
As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?
27,403 confirmed coronavirus cases in South Africa as deaths climb to 577
Health minister Dr Zweli Mkhize has announced that there are now 27,403 confirmed cases of coronavirus in South Africa.
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
Lynas forced to defend disclosure on US military funding
Amanda Lacaze-led Lynas knew the US Department of Department process was on hold in April but she did not alert the market until May 22.
S&P 500 up in choppy action after Trump comments on China
S&P 500 up in choppy action after Trump comments on China
Shanghala employee denies meddling in ACC probe
AN employee of former justice minister Sacky Shanghala and his business partner James Hatuikulipi denied in the Windhoek Magistrate's Court yesterday that he tried to remove potential evidence
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Sapphire Scent boss Wale Jana's headache - The Nation Nigeria
For cosmopolitan ladies and gentlemen within the Lagos and Abuja social radar, Sapphire Scents owned by upwardly mobile socialite, Adewale Adejana...
Quarantine students in Queenstown plan backed
The Southern Institute of Technology (SIT) chief executive is talking to Queenstown’s mayor to make it the "quarantine capital" of the South Island...
Union tourism minister meets online travel agents, discusses post-lockdown protocols
Union Tourism Minister Prahlad Patel met a delegation of leading online travel agents (OTAs) of the country to discuss calibrated opening of hotels and accommodation units.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
First Solar Stock Set To Surge To Pre-Covid Peak Of $57?
Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...
Post-Pandemic Music Industry Predictions: The Consolidation Of Power
The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?
Pandemic's hit to Japan's factory, retail sectors deeper than expected
TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
Flight transporting migrants to Ranchi gathers support
Airlines have approached NLSIU alum to offer their services
US major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.
Building Water System Challenges Following COVID-19 Closures
The WQP team has been working remotely in response to the coronavirus, also known as COVID-19, since mid-March, and our office building has been
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
$3.3bn revenue from Year of Return cannot be true - Ablakwa challenges Tourism Minister
A claim by Tourism Minister, Barbara Oteng-Gyasi, that the Year of Return campaign introduced by government boosted tourism receipts by $3.3 billion in 2019 has been contested.
House Democrats launch inquiry into Medicare stimulus payouts
House Democrats launch inquiry into Medicare stimulus payouts
What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series
The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Teenager launches food delivery business
WHILE many lament the harsh economic effects of the dreaded COVID-19 virus, one innovativ...
Western Kentucky University says tuition rates won't change
Western Kentucky University doesn't plan to change tuition rates for the first time in 40 years, officials said.
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
Coronavirus protest concert blocked by Utah judge
A Utah judge blocked a concert protesting coronavirus restrictions Friday, siding with county health officials who said the event expected to attract thousands of people could worsen the pandemic.
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus
Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Sawkmie seeks govt aid for flood-affected
SHILLONG: Mawlai MLA PT Sawkmie has written to Chief Secretary MS Rao requesting him to sanction financial assistance at the earliest for all the flood-affected districts, so as to enable the district administration to reach out to the people financi
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
Markets to remain open from 7 AM to 7 PM from today
To encourage commercial activities, markets will be allowed to remain open in the state from 7 AM to 7 PM from today. Till now, the market was being allowed to open from 7 AM to 4 PM. This decision and other directions to ensure proper facilities in quarantine centres were issued by the chief
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
GST Council to meet next month; FinMin not for raising rates on non-essential items
The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus.
White House punts economic update as election draws near
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has rava
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
Lufthansa adds long-haul routes from Frankfurt and Munich
Newly announced destinations include Frankfurt to Cairo, Beijing, Shanghai and San Jose, and Munich to San Francisco, Delhi…
Will Hotels Win Back Customers By Cleaning Up Their Act (Literally)?
Hotels have seen their business slowed to a near stop and now they are working to stress cleanliness in a bid to get consumers checking in again.
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Kildare businesses call on Government to extend wage subsidy scheme
"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...
Officials cite mistakes as CDC removes coronavirus guidance
U.S. health officials removed some coronavirus reopening tips for religious organizations only hours after posting them late last week, deleting guidance that discouraged choir gatherings and the use
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
Boston Marathon cancelled for 1st time in 124-year history
BOSTON - Organizers cancelled the Boston Marathon on Thursday for the first time in its history, bowing to the social distancing requirements of the coronav
Google could pick up stake in Vodafone Idea
A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.
Fed's Mester says it's hard to imagine quick V-shaped recovery
Fed's Mester says it's hard to imagine quick V-shaped recovery
Only 4 Shramik trains took over 72 hrs to reach: Railways
Only 4 Shramik trains took over 72 hrs to reach: Railways. The clarifications came amid criticism over delays that the migrant trains were getting 'lost' before reaching their destinations. Till May 28, Yadav said, 3,840 Shramik Specials operated ferrying a total of 52 lakh passengers.
Lawrence Weekly to host town hall on small businesses reopening
Clark County Commissioner Lawrence Weekly on Monday is hosting a Facebook town hall to answer questions that businesses might have as they set to reopen.
Asia Today: S Korea has another 39 cases linked to warehouse
South Korea on Saturday reported 39 new cases of the coronavirus, most of them in the densely populated Seoul area where officials have linked scores of infections to warehouse workers.
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
Life and death in lockdown: Pictures from around India
Restrictions confining people to their homes entered the 66 day on Friday as the number of coronavirus cases steadily increases.
Greece Will Welcome Tourists Back, But Not Americans
Visitors from nearly 30 countries can travel to Greece as early as June 15
Kansas man charged $50K in medical bills after accident
Alvin Letner doesn’t remember signing the form where he promises to pay a medical bill of nearly $50,000 he hadn’t yet seen.
Buy Coal India; target of Rs 264: ICICI Securities
ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
$1.4m to help Queenstown workers who have lost jobs
The hard-hit Queenstown Lakes District has been given $1.4 million in Government funding to help redeploy workers who have lost their jobs because...
Poo trucks all night, then repairs all day, after sewage pipe bursts
Wellington.Scoop The council-owned Wellington Water company worked all day today to repair the sewage pipe that burst in Victoria Street in the CBD last night.
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Affordable electricity is a right
In Telangana, free power has played an important role in mitigating farmer suicides and also contributed to State’s food security.
CM KCR upbeat on achieving 165 TMC of additional water storage capacity
Chief Minister K Chandrashekhar Rao has said that the bold decision of taking up the multi stage Kaleshwaram Lift Irrigation Scheme
'It is still too early to say that it is the end of the SIP trend'
SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.
Washington DC starts to reopen, but not everyone is ready
The nation's capital began its phased-in reopening Friday in fits and starts, with not everyone ready for even a limited return to pre-pandemic normality after a three-month-old stay-at-home order was
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Recent Hiring Data Shows Gaming And Esports Companies Not Immune To Economic Woes
Consumers are turning to gaming and esports companies for entertainment during difficult times. So how are these companies faring during the pandemic?
NPSC says parents taking advantage of COVID-19 helplines
CHIEF executive officer of the National Parenting Support Commission (NPSC), Kaysia Kerr,...
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
Got Cryptocurrency? Get Ready For An IRS Audit
The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print
A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
Virtual Congress: House Financial Service Committee Fintech Task Force Schedules Meeting on Inclusive Banking
The House Financial Services Committee has posted its list of hearings for the month of June. The Committee like other Congressional committees has mi
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight
Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
Lehigh Valley weather: Evening, overnight thunderstorms may be severe
The Lehigh Valley is included in a severe thunderstorm watch until 9 p.m. Friday, the National Weather Service said.
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena
The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.
AfDB Allegations: Former presidents of African countries rally support for Adesina
Mr Adesina is currently battling 16 allegations levelled against him by a group. He has maintained he is innocent.........
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
Akinwumi Adesina, AfDB President, responds to allegations against him
President of African Development Bank, AfDB, Akinwumi Adesina, has responded the allegations levelled against him by whistleblowers.
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.
Uber launches hourly ride booking option in some US cities
Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential ...
French mortality rate in May below previous years despite epidemic
French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over ...
Covid-19 pandemic: Crucial dev works on hold in Srinagar to be executed from June 1
The administration in Srinagar has permitted restarting the execution of developmental works put on hold since late March after outbreak of COVID-19 and
Tesla Ready For Import/Export, Taking The BEV Beyond Transport
Report that Tesla has (almost) implemented the ability for two-way electricity flows in their BEVs with hardware already largely implemented in the Model 3. Tes
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Forbes drops Kylie Jenner from billionaires list
Kylie Jenner isn't a billionaire after all, Forbes as it accused the reality TV star's family of "inflating the value of her cosmetics".
The Fort Detrick horror: a closer look at the US’ largest biochemical weapons research center
The Trump administration seems to turn a blind eye to growing international appeals for an investigation into an infectious disease research lab under the US Army, which once again shows its irresponsibility and arrogance on the novel coronavirus (COVID-19) pandemic, observers said.
Garrett Motion: Significant Upside Potential But Fragile Financial Situation
Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
JOHN HUMPHRYS: End these degrees of greed. As even the richest universities plead for Covid cash, it's an outrage many offer only debt and disappointment in return
JOHN HUMPHRYS: What they so often deliver is debt and disappointment. Something has gone horribly wrong in the past couple of decades and it's time to put it right.
New Zealand Cricket set to cut jobs amid coronavirus pandemic
New Zealand Cricket looks set to cut it's workforce by 10-15 percent as it forecasts significant cuts to revenue due to the coronavirus pandemic.
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it
Other borrowers say their paychecks are being garnished during the coronavirus outbreak, even though the CARES Act was supposed to prohibit the practice.
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
The Globe’s stars and dogs for the week
A humorous look at the companies that caught our eye, for better or worse, this week
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
What’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions.
Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290
Ethereum could be positioned to see even further gains in the near-term, as this latest movement has provided its market structure with a serious boost.
GOP lawmakers call for Illinois Department of Employment Security audit
Four Republican House members are requesting an audit of the Illinois Department of Employment Security after repeated complaints from people seeking unemployment benefits during the COVID-19 pandemic.
Srikakulam: Temples witness big dip in offerings amid lockdown
Covid-19 has its impact even on God as most of the noted temples lost their sheen in the wake of lockdown imposed for the last 70 days.
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
Officials cite mistakes as CDC removes coronavirus guidance
U.S. health officials removed some coronavirus reopening tips for religious organizations only hours after posting them late last week, deleting guidance that discouraged choir gatherings and the use of shared communion cups. A federal health official on Friday said the Centers for Disease Control and
Chinese call Minneapolis ‘a beautiful sight’
As the protest in the US state of Minnesota resembled Hong Kong riots last year in protesting means and police' response, Chinese netizens who referred it as
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
Breezy tradewinds and windward showers to grace weekend | Honolulu Star-Advertiser
Breezy tradewinds with mainly windward showers are expected for Hawaii this weekend, according to forecasters.
More stimulus package for MSMEs coming, says FG
The Federal Government will soon roll out additional stimulus packages for Micro Small and Medium Enterprises (MSMEs) across the country....
Universal Orlando plans to reopen resort hotels on June 2
ORLANDO, Fla. - Universal Orlando plans to reopen its hotels to guests on June 2, more than two months after they were closed to help prevent the spread of
Conmen create fake FB account of senior IPS officer
Followers lured with attractive investment plan
‘Cut cigarette taxes to pre-GST levels’
This will help to bring market share of smuggled foreign brands: FAIFA
Tokyo Skytree to reopen June 1 after 3-month closure
The operator of Tokyo Skytree, a popular tourist destination in the Japanese capital, said Friday it will reopen the landmark tower on Monday after a three-month closure due to the spread of coronavirus infections. Tobu Tower Skytree Co said the 634-meter tower will reopen for shortened business hours from 9…
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Agriculture's contribution to Nigeria's economy in Q1 'highest in two years' - NBS
The contribution of Nigeria’s agricultural sector to the Gross Domestic Product (GDP) in the first quarter of 2020 was the sector's highest first-quarter
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Locust invasions till July, may spare South India: Food and Agriculture Organisation
The Food and Agriculture Organisation has warned of successive locust invasions until July in Rajasthan with eastward surges as far as Bihar and Odisha. However, the FAO has said that the swarms were
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
Manning agents question order to shoulder lodging costs for quarantined seafarers
Most manning agency executives are questioning a Department of Labor and Employment order tasking them to shoulder the cost of accommodation for sea-based workers undergoing COVID-19 quarantine procedures.
Pedestrian plaza at Pondy Bazaar opens up sans the bustle
Shopkeepers ready with precautions but customers few and far between
Canada 'needs' airline industry, is monitoring day by day: minister
OTTAWA (Reuters) - Canada is closely monitoring the slumping airline industry and extended a ban on large cruise ships to Oct. 31 to help prevent the spread of the coronavirus, Transport Minister Marc Garneau said on Friday.
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
Japan revises law to make more part-timers join pension program
Japan revised a law Friday to make more part-time, and other nonregular workers join the employee pension program as well as allow eligible recipients to choose to start receiving benefits from the age of 75. Currently, part-time workers join the program only when they work 20 hours or more a…
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry
Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
Check out the People Mover (not monorail) coming to Bangkok
Automated people movers designed in Canada and built in China will soon arrive to whisk passengers between commercial developments on the Chao Phraya River The first of several Bombardier Innovia APM300s will arrive next month to service the Gold...
UK weather forecast: Highs of 28C this weekend as 'driest May ever' comes to an end
The Met Office's provisional figures suggest the UK has seen its sunniest ever spring, while the Environment Agency has said hose pipe bans are unlikely despite severe lack of rain
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
No risk of India losing out on hosting World T20 in 2021, assures Arun Dhumal
BCCI Treasurer Arun Dhumal, in the wake of the recent war of words between the ICC and BCCI, has assured that the country is not at risk of losing on potentially hosting the WT20 in 2021. Earlier, the BCCI had failed to provide a tax exemption letter from the Indian Government to the ICC.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
UPS adds 'peak' surcharge amid coronavirus-fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of ...
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its ...
Indian IT eyes captives as global companies rejig operations
Global companies look to outsource work to large services firms to offset demand slowdown.
All nursing graduates to be guaranteed jobs amid Covid-19 crisis
In a letter, the HSE informed nursing interns that they would all be guaranteed a job.
The wealthy will be on governments' radars in COVID-19 response
Taxes will be an obvious route for governments, and so will appropriation, says Citi
Work from home set to become new norm for BPO sector
WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....
Rain Industries surges 17% on healthy operational performance in March qtr
The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
Monsoon expected to hit Kerala by June 1, predicts weather department
In its forecast earlier this month, the India Meteorological Department had put the likely arrival date on June 5, four days later than usual.
Masterplan for Buninyong Botanic Gardens
Councillors agreed to take the first steps towards a new masterplan for Buninyong Botanic Gardens.
Nissan falls behind rivals in industry's critical transitional period
Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
Cyprus expects 600,000 tourists in August
Cyprus expects to receive some 600,000 passengers in August, transport minister Yiannis Karousos said Thursday, noting that this estimate includes people flying in on commercial and private planes, Ekathimerini writes. "There is a gradual lifting of measu...
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
How our very richest tripled their fortunes in a decade
Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.
India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21
Large heath butterflies return to Manchester after 150 years
Lancashire Wildlife Trust has brought the species back to peatlands following a local extinction in the 19th century
Unexpected joy! - Families welcome Ignite IGL Foundation care packages
AS THE residents eagerly filed on to the compound at the Riverton Meadows Early Childhood Centre, the overcast skies contradicted the buzz of excitement and the lively chatter on the ground. Representatives from the Jamaica Red Cross and the Ignite...
Singapore to establish AI framework for 'fairness' credit scoring metrics | ZDNet
Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.
Wellington sewage spill brings waste trucks back to street days after they were retired
A burst pipe sent human waste onto the footpath.
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Five Liberal MPs call for national standards for long-term care homes
Trudeau’s offer of federal help has met a mixed reaction from provincial and territorial leaders
Token distribution for free essentials at ration shops starts in TN
The Tamilnadu government, which has decided to distribute essentials free of cost to family card holders for the month of June too in view of the ongoing Covid-19 induced lockdown, started distributing tokens at doorstep of consumers from today. This will go on till 31 May. Continue Reading →
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Abiodun: covenant-keeping reformer at 60 - The Nation Nigeria
His mastery of the art of governance is already manifesting in his infrastructural development programmes with the establishment of Ogun State Public...
Lagos reforming physical planning to boost services
Lagos State has said it will institute reforms to boost physical planning and instil public confidence as part of the ease of doing business...
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
AU$721 million in robo-debts to be returned as Australian government admits error | ZDNet
Services Australia has identified 470,000 debts raised wholly or partially using income averaging of ATO data.
US stocks end lower as China tensions end three-day Dow streak
NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested ...
Telangana employers leave 200 brick kiln workers on the road
Left to fend for themselves, workers hitch rides on trucks
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
Origin turns to gaming to fend off disruption
Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
Carmageddon awaits unless work from home continues
With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19.
Brumby cull able to proceed but cattleman vows to appeal court ruling
Philip Maguire's bid to stop high country horse shoot was knocked back in the Supreme Court on Friday but the Omeo cattleman is planning to appeal the decision.
Donald Trump signs order targeting social media giants’ legal protections after Twitter fact-checks his tweets
The White House seeks to sidestep the provisions giving internet firms immunity by treating them as publishers operating in part of a "public square."
Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions
Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.
What's the cost of Covid lockdown? Today’s GDP data will give an idea
To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.
California Senate Rejects Governor Newsom’s Call for Cuts
The California State Senate rejected Governor Gavin Newsom’s proposed budget cuts to sectors like education and healthcare Thursday, instead seeking to draw down more reserves, raise taxes on certain industries and borrow against the future to make up an estimated $54 billion shortfall.
Almost half a million Australians will have their robodebts refunded
The federal government will refund $721 million recouped from 470,000 people through the controversial “robodebt” scheme. Under the contentious “robodebt” program, welfare r…
Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript
Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-
Safari park's luxury lodges opening delayed until Easter 2021
The opening of West Midland Safari Park's new luxury lodges has been delayed until next year due to coronavirus.
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
Incidents of murder, attempted murder and culpable homicide down across Lanarkshire
The figures from Police Scotland are taken from the last year.
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
Staff test positive for corona : Southern Railway closes headquarters for 2 days
The Southern Railway has announced that the office of its headquarters in the city would be closed here two days following reports that some officers and staff members have tested positive for coronavirus. Continue Reading →
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
MP Rigathi Gachagua's Bank Accounts Frozen
The government went after accounts owned by the legislator, a close ally of Deputy President William Ruto after he was...
Coronavirus cash boost for Dudley transport workers
Transport workers will see their coronavirus funding quadrupled after council bosses backed down in a pay row.
Explained: How desert locusts made its early arrival to India and how serious would it
Many know that desert locusts, also known as Schistocerca Gregaria, normally live and breed in desert regions. It is during this time, they require bare ground to lay eggs. With this keeping in mind, these locusts can breed in Rajasthan but not in the Indo-Gangetic plains.
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
AP 2020 2nd Inter exam dates announced; to be conducted on June 3rd
The exam for Modern Language II and Geography II were postponed due to the COVID-19 pandemic.
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
Q4FY20 GDP estimates out today: What's in store for India's economy
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.
Lagos state govt approves COVID-19 cash transfer for residents
In a matter of weeks, the payment of the beneficiaries cleared in the first phase of the programme in the Lagos state’s social register would commence promptly.
Poker day paid tribute to tragic Perth youngster Ava (8) and raised thousands for a worthy cause
Ava Soutar died in February after contracting meningitis.
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
US indicts North Koreans, Chinese over money laundering
WASHINGTON, DC: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday (May 28), for operating a money laundering ring ...
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Theaters may reopen, curfew gets a cut: COVID-19 Task Force
Return to movie theaters and start your day earlier – or slink home pre-dawn sooner – when restrictions are lifted Monday Health officials today announced that cinemas are among venues which may resume business as coronavirus infections wane,...
Australia's 'war cabinet' shifts focus to jobs: PM
SYDNEY (Reuters) - Australia’s “war cabinet” will meet every month to focus on bringing unemployment down after successfully slowing the spread of the novel coronavirus, Prime Minister Scott Morrison said on Friday.
NZD/USD faces a tough barrier around 0.6230 – UOB
NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Buhari submits Nigeria's budget to parliament
The proposal sent to both chambers of Parliament on Thursday is only marginally lower than the record 10.59 trillion naira budget approved in December by Buhari. It follows the inclusion of new items,
Bet on agrarian theme as rural economic recovery will stand out: Mukul Kochhar
‘We have had a very good winter harvest this time
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
A Senator from Arizona emerges as a pharma favorite
Sen. Kyrsten Sinema formed a congressional caucus to raise "awareness of the benefits of personalized medicine" in February. Soon after that, employees of pharmaceutical companies donated $35,000 to her campaign committee.
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
Fort Campbell soldier arrested with 15 pounds marijuana in vehicle
Tennessee cops seized 15 pounds of marijuana in a car belonging to a Fort Campbell soldier.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
North Sea green-hydrogen project welcomes a new partner
Neptune Energy (London) and DEME Group (Zwijndrecht, Belgiujm) have announced that DEME Offshore is joining the PosHYdon offshore hydrogen pilot as partner
RBI imposes Rs 4 crore penalty on Citibank
India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.
Cool Ranch Doritos return after consumers lament their 'mysterious' disappearance
Cool Ranch Doritos are re-emerging on store shelves after they 'mysteriously' became scarcer during the pandemic.
SA company probed for non-delivery of PPE to Botswana, bank account frozen
The companies ordered the equipment from Proverbs Medical (Pty) Ltd and paid R1 million but allegedly did not receive the goods.
Tamil Nadu CM to invite 13 prominent tech companies to invest in state
The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India
Horse Racing Ireland publishes programme for jumps fixtures
There are 24 National Hunt meetings planned for 12 racecourses.
Jolovan Wham donates S$1 more than what Jo Teo required of him
Jolovan Wham donates S$1 more than what Jo Teo required of him
Man arrested after police seize '£300,000 worth' of cannabis plants
Police officers forced entry into an address in Stapleton Road
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme
PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.
Kylie Jenner fumes over Forbes' fake billionaire claims: "What am I reading?"
The lip kit mogul responded to a damning article from Forbes that claimed she'd 'spun a web of lies' and 'forged' tax returns to make it look like she had more money than she has
Be careful in dealing with material info disclosure to investors: Sebi warns TCS
The regulator has asked the IT major to provide adequate and timely information.
Virgin Media Stores Set to Stay Shut for Good Post-Lockdown
The coronavirus pandemic has seen UK high streets shut down completely, but as the lockdown measures ease up and non-essential stores get ready to open, Virgin Media has announced that it won't be reopening its door - ever again.
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
Indian entrepreneurs gave this many high paying jobs to America; US-India trade ties can help startups boom
The strengthening of US-India bilateral ties could be a major proponent for startups to flourish and both countries can benefit if more startups are encouraged to work in America.
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
Florida Lottery warns of scam targeting the elderly
The Florida Lottery is warning people of lottery scams making rounds across the country.
Bithera to Launch Cryptocurrency Exchange and Start BHC Staking Program on May 30th, 2020
With the rapid growth of Bitcoin and thousands of other digital currencies, in just over 10 years, cryptocurrency has become a “fever” that attracts many technology engineers and investors worldwide. It only takes one opportunity of owning some virtual currencies such as Bitcoin, ETH, XRP, BNB, etc. for your assets to increase unlimitedly to thousands, even millions of times.
Migrants taking shelter at Palace grounds relocated due to rain
A roof of a shelter collapsed on Friday evening
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak
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Are Jobs Returning In Reopened States?
States open the longest have been a mixed bag.
Softbank-backed Coupang under scrutiny after South Korea warehouse virus outbreak
Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened a new groceries warehouse and logistics ...
No Eiffel, Mona Lisa or Versailles: Iconic sites stay closed
None of France's three most iconic tourist sites will reopen when the country lifts most of its remaining coronavirus lockdown restrictions next week. Some of Europe's other major cultural sites are also taking their time to reopen.
EU Releases 500 Million Euro Final Loan Tranche To Ukraine
The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
Inside Kylie Jenner's quest to become a 'fake billionaire' - orchestrated by momager Kris
Kylie Jenner has been outed as a 'fake billionaire' by Forbes magazine, the very publication that declared her 'the world's youngest self-made billionaire
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara
Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.
Two quakes hit Rohtak in one-hour span; tremors felt in Delhi
The first quake, a medium intensity one of 4.5 magnitude, hit the Haryana city at 9.08 p.m. at a depth of 5 km. The second quake was of lower intensity of magnitude 2.9 and occurred at the same location at 10 p.m., the National Centre for Seismology said.
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman
Indian economy grew at 3.1% in the last quarter of FY 2019-20.
CIL’s coal allocation under e-auction for non-power sector up 3-folds in April
Coal India Ltd (CIL) had allocated 1.20 MT of dry fuel to the sector under the scheme in April 2019, as per latest government data.
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
Chancellor extends coronavirus support for self-employed but for the final time
Rishi Sunak confirmed the scheme would not be coming to an end and that the self employed would be able to claim a grant for the second and final time
RCF Q4 results: Profit jumps nearly 3-fold at Rs 142 crore
Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing.
Opinion: Who needs Parliament when Trudeau has a morning show to maintain?
The Prime Minister has sent the message that democratic oversight is of little concern to him
Ted Cruz Calls for Criminal Investigation of Twitter for Potentially Violating Sanctions Against Iran
Senator Ted Cruz (R-TX) has called on the Justice and Treasury departments to launch a criminal investigation of Twitter over allegations that the firm is violating U.S. sanctions against Iran.
France's Louvre museum to reopen July 6, Versailles June 6
PARIS (Reuters) - The Louvre museum in Paris will reopen on July 6, it said on Friday, as France’s historical and cultural sites emerge gradually from the coronavirus lockdown.
Study: Social Security Recipients Could Face Benefit Cuts This Decade
COVID-19 could result in benefits being cut even sooner than you think.
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
British government approves large solar farm
May 29 (UPI) -- The British government approved plans for an 880,000-panel solar park north of Kent, which would make it one of the largest in Europe and causing a divide among environmental groups.
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Britain pushing US to form 5G club of nations to cut out Huawei
Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's controversial telecoms giant Huawei.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Russian jets 'intercept' American bombers over the Black Sea - days after SU-27 fighters came within feet of a US spy plane over Mediterranean
Video circulating online purports to show a Russian fighter plane approaching one of two US B1-B Lancer aircraft over the neutral waters of the Black Sea.
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
CAF approves financial support member associations
The financial support towards member associations comes at time when a few weeks ago topflight teams and its secretariat requested for support.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
PSEB 10th result 2020 out on pseb.ac.in: How to check class 10, 8, 5 marks
PSEB result 2020: For students who have been promoted without conducting exams, the mark sheets will have 'promoted due to coronavirus' written on them
Politics Briefing: Ottawa announces new funding for Indigenous communities
Plus: Globe launching new climate newsletter
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%
Agriculture, govt spending saviours; industrial, services growth shrink
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
USD/JPY extends rebound and prints fresh daily highs above 107.70
The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
Asia Today: S Korea has another 39 cases linked to warehouse
SEOUL, Korea, Republic Of — South Korea on Saturday reported 39 new cases of the coronavirus, most of them in the densely populated Seoul area where officials have linked scores of infections to warehouse workers. Figures from South Korea’s Centers for Disease Control and Prevention brought national totals to 11,441 confirmed cases and 269 deaths. …
Ministry of Health puzzled by complacency with partial ease of lockdown
Kampala, Uganda | THE INDEPENDENT | Ministry of Health is puzzled by the complacency after the lockdown was eased. The Permanent Secretary Dr Diana Atwiine says the partial ease of the lockdown on Tuesday when private cars were allowed back on the road after more than two months is an indication that some people are …
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
Hong Kong’s business hub status imperiled by security law | BusinessMirror
HONG KONG—A national security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business. The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong, already reeling from anti-government protests and…
Govt to pay back $721m wrongly raised through robodebt
Finally bites the bullet.
Road construction: House of reps member wades into contractor, community crises
A member of the House of Representatives, Mrs Tolu Akande-Sadipe has waded into a misunderstanding between the contractor...
Battle between Trump and states over car pollution heads to court
California and nearly two dozen other states on Wednesday filed suit against the Trump administration, arguing that its decision to weaken fuel efficiency standards for cars and trucks puts the public's ...
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.
Active locust swarms in 11 districts, Centre to deploy choppers to spray pesticides
Active swarms of locusts were present in 11 districts spread across Rajasthan, Madhya Pradesh, Maharashtra and Uttar Pradesh, prompting the government to step up control operations by deploying
45 trees uprooted due to heavy rain in Bengaluru
Over 45 trees were uprooted on Friday, which also proves the fact that the Bruhat Bengaluru Mahanagara Palike (BBMP) has not pruned trees ahead of the monsoon season. Over the last one week, hundreds of trees fell due to heavy rain.
Railways to operate 10 more passenger trains from June 1
Federal Minister for Railways Sheikh Rasheed Ahmed said on Friday that from June 1, around 10 additional passenger trains will begin operations.Talking to a private news channel, the minister said
O’Leary calls for "insane and useless" two-week quarantine to be axed
Ryanair CEO Michael O’Leary is urging the Government to remove the “insane and useless” qua...
Veolia to install Anammox wastewater treatment unit in Australia
Veolia Water Technologies and Urban Utilities are working to install Asia Pacific’s first full-scale sidestream ANITA Mox treatment plant this year. A firs
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
Large cruise ships barred from Canadian waters until end of October
OTTAWA — The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
Pie Insurance Secures $127 Million Through Latest Investment Round
Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin
Senior Trump administration official used office for personal gain, probe finds | Honolulu Star-Advertiser
BILLINGS, Mont. >> A senior Trump administration official misused his office for private gain by capitalizing on his government connections to help get a family member hired at the Environmental Protection Agency, investigators said in a report obtained by The Associated Press.
Latest updates on when cinemas will reopen in Liverpool
Cinemas across the country closed in March due to coronavirus
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Domestic Flights Are Not Spreading COVID-19, Cases Are Getting Detected Because... Read What Hardeep Singh Puri Says
"I say that these COVID-positive passengers were detected because we have the right systems in place and they are functioning efficiently," the minister said in an interview.
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Polis says he’s working for more federal funding to local governments
Colorado Gov. Jared Polis said Thursday that he hopes the next federal COVID-19 relief package includes more funding for local governments in the state.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Trump executive order targets social platforms for 'editorial conduct' in moderation
U.S. President Donald Trump will reportedly sign an executive order as early as today that would modify Section 230 of the Communications Decency
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Clark has been a bridge builder in Nigeria – Edevbie
CHIEF of Staff to Delta state Governor, Olorogun David Edevbie has described Chief Edwin Clark as a bridge builder across all divides in...
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
Aston Martin: Dealt Great Cards Now They Need To Play The Hand Better
Aston Martin recently reported disappointing Q1 results, continuing the share price free fall. Aston Martin shares are now down 94% since IPO, leaving many to w
Xiaomi Mi Laptop in India to Focus on Creators, Students and Gamers - Don't Expect Affordable Price - Gizchina.com
Xiaomi is finally bringing its Mi Laptop to the Indian market. After seeing numerous teasers, we now have some insights on the product and the portfolio.
Strong storms moving through with potential for severe wind gusts, hail and flash flooding
The unstable atmosphere continues to produce downpours and thunderstorms across the WBTV viewing area through the afternoon and evening hours.
India urges for wider information sharing under tax treaties within BRICS
The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.
Report: US considering charges against Venezuela's first lady
Four years ago, a minor player in the Venezuelan leadership was arrested in Colombia and extradited to the United States to face drug charges. He proved to be an important catch.
S.Africa: Update on DMRE interventions to combat the spread of COVID-19
South Africa's Department of Mineral and Energy Resources issued an update of the sector’s response to lockdown measures.
Dumpster Diving: (Potbelly Corp. Edition)
Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
Hong Kong govt warns removing US special status is 'double-edged sword'
HONG KONG, May 29 — Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial hub, could be a "double-edged sword" and urged the United States to stop interfering in internal affairs. The statement came as US President...
Will the US soon treat Hong Kong like china? Much is at stake
Hong Kong risks becoming collateral damage in the growing rivalry between China and the United States.
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
B.C. looks to staycations to save tourism
Destination BC has produced a draft plan for a June campaign launch if the provincial health officer approves of the next phase of the province’s restart
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
North American Fintech Firms have Better Access to Regulatory Sandboxes because of United-States-Mexico-Canada Free Trade Agreement: Report
More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-bo
State could see $16 million in coronavirus costs through September, panel told
Health insurance claims for 47,000 state employees stemming from COVID-19 illness could cost the state more than $16 million through September depending on how extensively stay-at-home guidance and...
Amazon prepares Summer Sale to win back lost customers
With Prime Day reportedly delayed, the e-commerce giant might still flog some bargains soon
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Help pours in but teen cyclist is happy to return to school
The story of the 15-year-old’s decision to buy a second-hand cycle and pedal from Gurgaon to Bihar’s Darbhanga, has touched many — from politicians to bureaucrats, business tycoons to NRIs.
Liquor not a fundamental right, Delhi government
Trade or consumption of liquor is not a fundamental right and the state has the authority to regulate its sale, the AAP government has told the Delhi High Court maintaining its levying 70% ‘special corona fees’ on MRP of all alcohol brands is a price for grant of such privilege to the public.
Best of BS Opinion: Diversity in boardrooms, earnings drought, and more
Here is a summary of Business Standard opinion pieces for the day
Europe moves ahead with lockdown easing, but caution in Asia
In a bit of happier news in Asia, a Bali zoo names a newborn giraffe after the virus
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
Major Brisbane bridge closed this weekend, free tolls on offer
One of Brisbane's busiest bridges will be partially closed this weekend for maintenance.
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19
The second cause is low productivity.
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
UP amends revenue code, simplifies land acquisition process to expand land bank for industries
It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under the Land Acquisition Act 2013.
The TV commercial, once advertising’s main event, suffers in the pandemic
Before the coronavirus pandemic, the TV networks were expecting a strong 2020. The presidential election and Tokyo Olympics would keep people watching, and companies would spend more than usual on commercial time.
Trump's Social Media Executive Order Would Turn FCC Into 'President's Speech Police,' Commissioner Says
The order is expected to be signed by Trump later on Thursday
Gilgo Beach Murder Victim Identified As Valerie Mack Two Decades After She Vanished
Partial remains discovered almost a decade ago on Long Island were officially identified as 24-year-old Valerie Mack by Suffolk County Police on Thursday, NBC News reported earlier today. Mack was ...
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Toll restoring services following ransomware attack | ZDNet
Confirms information accessed includes name, address, age, and payroll information such as salary, superannuation, and tax file number.
Simple Job Process for Class IV to begin soon
Simple Job process for Class IV to begin soon No oral test for posts upto Pay Level 5 Recruitment process to start with Class IV vacancies HIGHLIGHTS Written Test marks to have primacy in selection No interviews No documents including Domicile certificate required at time of filling application form Additional weightage of 5 marks 1. For […]
China hardens resolve to defy US, even as it speaks of cooperation; Li Keqiang calls for close trade relations
Ignoring threats from Washington, China stripped another layer of autonomy from Hong Kong on Thursday, ploughing ahead with a plan that would ban any form of dissent deemed subversive in the territory reclaimed from Britain more than two decades ago
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
FSDC meet: Govt, regulators to step in with more liquidity measures
Both the Centre and the regulators have stepped up focus on “avoiding a prolonged period of dislocation in financial markets”, the council added.
Lack of adequate funds, labour among challenges faced by projects in India: Survey
Promoters in the Indian projects fraternity find getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown.
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
Amazon Faces A Brand New World
The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and
Surat textile industry seeks govt help to stop migrant exodus
At least 60 per cent of the workforce is estimated to have left Surat since the Shramik Special trains started. According to Surat railway officials, over 6.80 lakh labourers have left Surat in 431 trains.
Major Brisbane bridge closed this weekend, free tolls on offer
One of Brisbane's busiest bridges will be partially closed this weekend for maintenance.
RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
Banks free to do due diligence on guaranteed MSME loans
Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.
Boston Marathon cancelled for first time in its 124-year history; 2021 edition slated for 19 April
The Boston Marathon, originally scheduled for 20 April, was initially postponed in March and rescheduled for 14 September
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
Ford government signs agreement with York Region to extend subway line
A major step forward for the Yonge North Subway Extension.
Fears for Belfast airport jobs as easyJet confirms major cull of staff
DOZENS of airline staff could be axed at Belfast International Airport as part of a cull by easyJet as it struggles with a collapse in air travel caused by the virus pandemic.
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
UN chief warns leaders pandemic may cause historic famine
Secretary-General Antonio Guterres warns up to 1.6 billion people may be unable to earn a living unless action taken now
Industry chorus: Package not much help, govt must do the heavy lifting
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
High Court hearing after pub's Guinness delivery service was shut down by PSNI
A High Court hearing is due to take place in Belfast today in relation to the PSNI's move to shut down a Guinness delivery van in the city last month.
Liberal MPs call for national standards for long-term care homes
OTTAWA — Justin Trudeau is being pressured by some of his own Liberal backbenchers to implement enforceable national standards for the operation of long-term care homes in Canada.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
German union accuses Volkswagen of 'management errors' that put jobs at risks
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had ...
Let’s tell this story properly - The Nation Nigeria
Today is the anniversary of many a governor and President Muhammadu Buhari. It marks the fifth anniversary of the president and marks either the first...
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
FIRS: The burden of leadership - The Nation Nigeria
But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....
Coronavirus: More retailers to reopen in plan to further ease lockdown
A REOPENING of more retailers and small outdoor weddings will be permitted from June 8 if the coronavirus infection rate remains under control, the first and deputy first minister have said.
Migrants don’t have to pay to go home, ensure they get food on the way: SC
The bench of Justices Ashok Bhushan, S K Kaul and M R Shah, which took suo motu cognizance of the issue on Tuesday, saying it had also received several letters and representations from different sections of society, and directed that states share the bus or train fare of the stranded migrants returning home.
U.N. chief warns leaders coronavirus pandemic may cause historic famine | Honolulu Star-Advertiser
UNITED NATIONS >> The U.N. chief today warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.
Simon & Schuster names Jonathan Karp as new CEO
He replaces Carolyn Reidy, who died two weeks ago.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Tucker Carlson rips social media giants after Trump executive order: 'They're not neutral platforms'
Tucker Carlson blasted social media giants Thursday, saying they failed in their duty to be neutral platforms by arbitrarily censoring speech they deem inappropriate.
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
Book your hotel room... But check in whenever
HOSPITALITY chiefs claim the Executive's decision to allow hotels in the north to take advance bookings "at risk" from June 8 but with no definitive dates is "causing confusion - and could lead to job losses on a massive scale".
Not far from the LAC, satellite picks up Chinese armour, artillery
India-China border: Highly placed sources said a detailed analysis of satellite images has shown extensive deployment of towed artillery and mechanised elements on the Chinese side, bringing Indian deployments within striking distance.
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
AFP: Bulgaria Pins Hopes on TB Vaccine Against the Coronavirus
In the worldwide battle against COVID-19, scientists are investigating whether a century-old tuberculosis vaccine might offer some additional protection against the novel coronavirus. And Bulgaria -- one of the world's leading manufacturers of the vaccine -- is holding out hope of new markets for the many millions of doses it produces each year.
Nearly 1 million people now applying for unemployment benefits in North Carolina
The North Carolina Department of Commerce continues to update its statistics regarding unemployment claims filed during the coronavirus pandemic.
Blackmores steadies the ship
The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.
Ole Gunnar Solskjaer 'reignites Man Utd's interest' in Jose Mourinho transfer target
Mourinho identified forward Pietro Pellegri as a big talent when the player was plying his trade at Genoa, before Monaco snapped him up for £21million
Gold picks up a bid amid losses in the US stock futures
Gold, a traditional safe-haven asset, is drawing bids as the US stock futures are signaling risk aversion. The yellow metal is trading at $1,720 at pr
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects its revenue to be "greatly reduced" in the coming months, hit by the COVID-19 pandemic and lockdown.
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network
BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and p
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
Rescheduled Boston Marathon now cancelled, says mayor
NEW YORK: The Boston Marathon has been cancelled for the first time in the event's 124-year history because of ongoing coronavirus fears, ...
US graduates in crisis: ‘Entry level jobs are not safe at all’ | Free to read
Economists warn downturn could reshape the lives of American youth for decades to come
New York City mayor outlines first reopening step
NEW YORK: New York Mayor Bill de Blasio on Thursday (May 28) outlined the first steps for reopening the United States' most populous city, ...
Brookfield re-enters race for Virgin with surprise bid
It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.
Stonewalled on mussels
Earlier this month, the Okanagan Basin Water Board reminded the public that the battle against invasive mussels hasn't gone away during the COVID-19 pandemic.
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Why BJP’s Himachal chief resigned after corruption was alleged in coronavirus PPE purchases
Rajeev Bindal may have had links to a key character in the graft case being investigated by the state police.
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Buhari’s herculean task of lifting countrymen out of despair, poverty
Having shrugged off the challenge of Atiku Abubakar, the candidate of the main opposition Peoples Democratic Party (PDP) at last year’s polls, President Muhammadu Buhari
COVID-19: Lagos govt reviews BRT occupancy to 42 passengers
The Lagos State Government has given approval to operator of BRT, to carry 42 passengers seated with no standing as against earlier directive
Centre against Karnataka's move to increase working days: Minister
Karnataka Law and Parliamentary Affairs Minister J C Madhuswamy on Thursday said the Centre has objected to the state's decision to increase working days at factories, and the matter would be
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Delhi Confidential: Ministry of Home Affairs Facebook page shares pic of whisky bottles
Ever since West Bengal Chief Minister Mamata Banerjee spoke out angrily against the Centre in a meeting held by the Prime Minister, officials say it has become a matter of interest what will be said between the Centre and West Bengal at these meetings.
Locust attack: Centre to buy sprayers from UK, use helicopters, drones to spray pesticides
New Delhi: Stepping up efforts to control the spread of crop-damaging locust swarms mostly prevalent in northern India, the Union Agriculture Ministry on Thursday said that 15 sprayers will be...
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
After Inserting Fact-Check Labels to Trump's Tweets, Twitter Flags China Official's Post on COVID-19
"When did patient zero begin in US? How many people are infected? What are the names of the hospitals? It might be US army who brought the epidemic to Wuhan. Be transparent! Make public your data! US owe us an explanation!" Zhao said in a tweet posted on March 12.
Jan Shatabdi trains to operate with fewer stoppages from June 1
The Jan Shatabdi special trains between Thiruvananthapuram and Kannur/Kozhikode will lose four stops.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD
Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Bangladeshi eggplant farmers reap rewards via genetics
Farmers in Bangladesh achieved significantly higher yields and revenues by growing insect-resistant, genetically engineered eggplant, a new Cornell study has found.
US restaurants concerned over sales losses due to capacity constraints
A survey of 2,500 US consumers conducted this month found that three-quarters planned to avoid restaurants or dine out less frequently, according to Wall Street firm Cowen
Let’s speed up digital change at banks
There is space available for digital-enabled SME-focused entities to make headway
Covid-19 crisis to trigger 20% fall in FDI
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa
India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.
Storm warning: Parts of WA urged to prepare as another cold front closes in
Locations which may be affected from Friday morning include Albany, Bunbury, Busselton, Katanning, Mandurah, Manjimup, Margaret River, Mount Barker, Narrogin and Perth.
Most Iwate 3/11 memorials canceled, with next year’s under threat
Charity events and victim support projects put on hold due to coronavirus pandemic.
Pandemic job losses slow down
The pace of job losses is slowing but still extreme, setting the expectation that job loss will still be at a historic high next week.
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
It’s another uneventful year as aviation enters grim future
President Muhammadu Buhari prior to 2015 election promised the aviation community just one item: a new national carrier in the status of the defunct Nigeria Airways. His choice of Capt. Hadi Sirika
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
As Australia opens back up for businesses, jobseekers are once again searching for roles in hospitality and other hard-hit sectors
The Australian job market has just undergone what will go down as its strangest few months on record, as businesses begin reopening their doors.
Water market may not be 'good thing for the country', Basin chief says
The Murray Darling Basin Authority chief says water markets favour high-margin crops over traditional industries at the cost of regional communities.
Supreme Court orders states to foot the bill for guest workers' travel
Plus, their food and shelter while they wait for their train or bus are the states' responsibility
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
FCC commissioner says Trump’s Section 230 plan ‘does not work’
There’s a growing rift over the proposal
Bharti Infratel hits over 3-month high; zooms 100% from March lows
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
Security law ‘puts Hong Kong’s appeal for business at risk’
Chinese leaders said the new law was needed to combat unspecified threats in the semi-autonomous region.
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Power distributors sue FG over business interference
Okechukwu Nnodim, Abuja Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power fi...
Global economy will not survive US-China tension
Both countries must work out their differences to avoid another world economic meltdown
Security law ‘puts Hong Kong’s appeal for business at risk’
Hong Kong’s status as a leading place to do business could be in peril following the adoption of a national security law.
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Nigeria better today, presidency insists
The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
Bank of Russia to Develop Digitial Mortgage on Blockchain Platform
Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project.
New Recycling Consortium an Open Call to Curb Textile Waste in Philly
Recycling start-up Retrievr makes an open call to fashion brands to partake in the recycling journey in Philadelphia.
If you injure yourself working from home, is your employer responsible?
Laws governing safety at work apply to all workplaces, no matter where they are
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
After row with Twitter, Trump signs executive order preventing online censorship
"In a country that has long cherished the freedom of expression, we cannot allow a limited number of online platforms to hand pick the speech that Americans may access and convey on the internet. This practice is fundamentally un-American and anti-democratic," the executive order stated.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Aimia vows to fight Air Canada's court move to halt upcoming merger
TORONTO — Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
Government announces €115 million support package for air transport sector
The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the
Remark Holdings, Inc. (MARK) CEO Kai-Shing Tao on Q4 2019 Results - Earnings Call Transcript
Remark Holdings, Inc. (NASDAQ:MARK) Q4 2019 Earnings Conference Call May 28, 2020, 04:30 PM ET Company Participants Brian Harvey - Director of IR and Capital Ma
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
Everything shoppers will be banned from doing when stores reopen
Rules and restrictions will be in place for stores and shoppers
CBN forecasts slower growth, reduces lending rate to 12.5%
Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
DMO faults Reps, says lawmakers approved $3.18bn Chinese loans
Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
Ninth Circuit Shuts Down Government Request to Revive Keystone XL Pipeline Permit Program
The Ninth Circuit on Thursday denied a request from the Trump administration to revive a permit program for oil and gas pipelines, serving yet another blow to the feds in a legal battle that originated with the long-disputed Keystone XL oil pipeline.
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
'Why are we still struggling?' ask Australia bushfire victims
When the Australian bush went up in flames over the southern hemisphere summer, the world pulled together in support.
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
BBVA calls for easing of coronavirus restrictions
Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
A letter to justices of Supreme Court, from senior members of the Bar on the migrant crisis
The government’s statement has been clearly shown to be contrary to the facts. Several reports suggest that more than 90 per cent of migrant workers did not receive government rations in many states and were suffering from dire food shortages.
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
South Korea coronavirus spike stirs second wave concern, social distancing crackdown
SEOUL, May 28 (Reuters) - South Korea reported 79 new coronavirus cases on Thursday, the most in nearly eight weeks, triggering the return of tougher social distancing curbs amid the spectre of a second wave of disease in a country praised for containing the first outbreak.
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings
The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
States Are Reopening, But Many Americans Say They Aren’t Rushing Back To Normal Life
Welcome to Pollapalooza, our weekly polling roundup. Poll(s) of the week Almost all states have now begun phased reopenings after shutting down nonessential bus…
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
SpiceJet Becomes India's First Carrier to Deliver Essential Supplies, E-Commerce Goods Via Drones
New Delhi (Sputnik): As the coronavirus pandemic has put restrictions on the unessential movement of people and services, drones have spearheaded contactless deliveries...
Iran says it will continue nuclear work despite U.S. sanctions
Iran said Friday its experts would continue nuclear development activities, despite sanctions imposed earlier this week on their fellow scientists by the United States.
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
Tech spends in India to hit a 10-year low in 2020: Forrester
In 2020, India will have the slowest tech spending growth in at least a decade on account of sharp economic disruption due to the Covid-19 pandemic, according to a new report by market research firm F
It’s imperative to make MGNREGS worksites pandemic-safe
Careful work selection, age-appropriate task allotment, monitoring of social distancing could hold the key
Traditional owners consider billion-dollar shot at Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
US indicts North Koreans, accuses state-owned bank of evading sanctions
The US Justice Department accused North Korea's state-owned bank of evading US sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
Pubs with beer gardens will be first to reopen
Venues with outside spaces will likely be the first to reopen with strict social distancing measures, a minister has said.
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
Chelsea face having to pay £27m release clause for target as they eye Plan B option to Sancho
Hefty fee for a Plan B option...
City Power warns of possible load rotation
On Thursday, Johannesburg's City Power announced that they may need to impose daily “load rotation” in some areas where electricity infrastructure is overloaded.
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
SoftBank leads $500 million fundraising for Didi's self-driving unit
BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
China plans to extend curbs on international flights until June 30, says US embassy
BEIJING, May 29 — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the US embassy in Beijing said in a travel advisory today. China has drastically cut such flights since March to allay concerns over...
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
Pubs with beer gardens likely to be first to reopen when restrictions eased
Pubs, restaurants, theatres, clubs and cinemas have been closed for more than two months.
AUD/USD: The key resistance area at 0.6658/6706 continues to cap any attempt to break higher – Credit Suisse
AUD/USD is seeing a further attempt to break above the pivotal resistance zone at 0.6658/6706, which ideally continues to cap, according to analysts a
ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector
The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
Domestic helps at Noida societies cut off by employers, some forced to beg
“When the lockdown was implemented, I was given Rs 1,600 and told to leave. Now, no one is hiring... we do not know when we will get jobs again,” said Bibi, who used to work at four houses but was only paid her dues by two employers.
Congestion on Delhi-Gurgaon Expressway after Haryana seals borders of 4 other districts over Covid-19 spread
Haryana Home Minister Anil Vij Thursday directed that main as well as interior roads connecting Gurgaon, Faridabad, Sonipat and Jhajjar with the national capital be sealed.
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
Foreign Direct Investment inflows into Tamil Nadu declined by 8.5% in 2019-20
A senior State government official however said it had been a good year for investments for Tamil Nadu
COVID-19: E-ticket, face mask a must for domestic flights in Saudi Arabia
Social distancing to be observed at airports, inside aircraft
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
Public toilets in parks to start reopening this weekend; Ontario considering regional approach to reopening in stage 2 as testing expands
Follow the latest Toronto news on coronavirus
National Marker Company (NMC): High-quality custom signs endorsed by Carroll
National Marker Company (NMC) has been providing high-quality safety identification products and custom signs for more than 80 years.
Double storm activity over Arabian Sea picks up, depression likely to form near India coast
The India Meteorological Department is currently tracking two cyclonic disturbances over the Arabian Sea. The first one is near the African coast while the second one is expected to form opposite the Indian coast
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
Coronavirus: China mulls extending restrictions on international flights until June 30
The U.S. Transportation Department said in an order published on a U.S. government website that Delta Air Lines and United Airlines want to resume flights to China in June
GBP/USD: Failing to take over the 1.2360 critical resistance
Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
Senate President appoints Sani Fema SA, sports
The President of the Senate Federal Republic of Nigeria, Senator Ahmad Ibrahim Lawan has appointed Hon. Sani Fema as his
Letters to the editor: May 29: ‘Meng Wanzhou will be spending considerably more time in Canada.’ Readers react to Meng court decision, plus other letters to the editor
In today’s letters to the editor: Meng Wanzhou; long-term care; inequality; equality; bike lanes; the arts; 1939
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders
A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
Miss Your Office? Some Companies Are Building Virtual Replicas
An anonymous reader quotes a report from The Wall Street Journal: Stay-home orders and the shuttering of workplaces have given corporate employees some respite from getting dragged into time-wasting water-cooler conversations. But some companies and their employees don't want to leave everything abo...
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
China excludes clean coal projects from list eligible for green bonds
SHANGHAI (Reuters) - China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Senate Democrats pump brakes on new stimulus checks
House Democrats looking to deliver another round of $1,200 relief checks to Americans are encountering skepticism from an unexpected source — fellow Democrats in the Senate.
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities
The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.
An economic turning point for Europe?
The coronavirus may finally shock the continent out of its austerity mindset
Cuomo’s coronavirus halo begins to fade
New York's take-charge governor turns defensive as pandemic-response scrutiny mounts.
Trailer Accident on Thika Superhighway Causes Heavy Traffic [VIDEO]
Motorists using the Thika Superhighway were left stranded after a trailer hit the rail guards and...
Hong Kong government warns removing US special status is 'double-edged sword'
HONG KONG: Hong Kong's government warned Washington that withdrawing its special US status, which has underpinned the city as a global financial ...
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
What every Canadian investor needs to know today
A look at the morning’s market action
Finance ministry not in favour of raising GST rates on non-essential items
Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Covid-19: Bengal makes institutional quarantine mandatory for returnees from 5 states, faces hurdles
There is also local resistance in the state against the establishment of quarantine centres for migrant workers.
Coronavirus effect: UK car production likely to drop to lowest level in decades
Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m
Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
Twitter flags China spokesman's tweet on COVID-19
Twitter has flagged a tweet written in March by a Chinese government spokesman that suggested the U.S. military brought the novel coronavirus to ...
Govt weighs use of drones, planes to bring down locust swarms
“A committee under the chairmanship of the Additional Secretary of the Department has been constituted to procure services and goods for spraying insecticides through drones and airplanes,” the ministry said in a statement on Thursday.
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
Need to know: Friday
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.
TikTok is becoming less Chinese, more American
ByteDance has expanded TikTok's decision-making and research capabilities to California
CMCO: SOP compliance of foreign construction workers in Penang improving, says exco
GEORGE TOWN, May 29 — The awareness to comply with standard operating procedures (SOP) of foreign workers in the construction sector in Penang continues to show an increase, said state Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo. He said, as of...
TikTok owner ByteDance moves to shift power out of China: Sources
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
What Could Kill My New York Bookstores?
It won’t be Amazon or the coronavirus. It will be artificially high rents.
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
Bullring and Grand Central back to full opening on June 15
Birmingham city centre's Bullring and Grand Central has announced that it will officially re-open on 15 June, in line with the latest guidance from the Government.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
T20 World Cup happening in 2020 under 'very high risk', admits Kevin Roberts
Cricket Australia chief Kevin Roberts has admitted that the ICC Men’s T20 World Cup in Australia this year could most likely be postponed given the current situation. Due to the coronavirus outbreak, the governing council might consider a different window for Australia to host the event.
Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action
KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
Burton residents told to curb water use as heatwave prompts spike in demand
South Staffs Water has set out a series of measures people should follow
Depression likely to occur in the Bay of Bengal during June: DMH
Two low pressure areas may form over the Bay of Bengal and one may further intensify into the depression, according to the weather forecast for June by the Department of Meteorology and Hydrology (DMH).
British Airways may outsource work of 450 redundant employees
Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
Merger of three state-owned general insurers on back burner due to Covid-19
Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year
How Coronavirus is Impacting Digital Payments in Emerging Markets
Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.
Invest India holds virtual panel discussion for global investors
During the discussion, Ajay Prakash Sawhney, secretary in the Ministry of Electronics and Information Technology, highlighted the various initiatives undertaken by the government, including the production linked incentive scheme and scheme for promotion of manufacturing of electronic components and semiconductors.
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
Madhya Pradesh launches ‘Rozgar Setu’ scheme for skilled workers
State is the first to devise such a work plan for those who returned, says CM Shivraj Singh Chouhan
Nigeria: FG pushes conclusion of the electricity deal with Siemens
President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.
Make quick cash and become a badass in Borderlands: The Handsome Collection
How to maximise your cash, eridium and badass tokens.
IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020
The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
Los Angeles union, joined by 'Pandemic Pig', demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on ...
China plans to extend curbs on international flights until June 30 – US embassy
Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.