Economy 1192
UoN to get lion’s share of Sh6.6bn salary raise
Parliament approved the payment in a supplementary budget last month.
DBB: Reopening Economies Could Lead To More Upside For Base Metals
DBB has recovered rather slowly since it reached its lowest since February 2016 on March 23. In contrast with equities, base metals have not enjoyed a fast rebo
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50,000
When my wife and I bought our home about three years ago, we were thrilled to just be approved for a loan. As a newly self-employed writer, we definitely had to jump through a few hoops to buy our home despite credit scores above 800.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
WWE was reportedly ready to let Hulk Hogan return and win a big match at WrestleMania 36
According to new reports, Hulk Hogan was going to return and win a match at WrestleMania 36.
What every Canadian investor needs to know today
A look at the morning’s market action
Normal People's Paul Mescal is raffling off one of his iconic chains for Pieta House
Calling all Normal People fans! You now have the chance to get your hands on one of Connell's personal chains
IDFC First Bank’s senior management takes 10 per cent pay cut in FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The
Fans 'facing ballots' to watch their teams as clubs prepare for vastly-reduced crowds
Supporters of Premier League clubs could have to enter ballots for the chance to watch their teams in action next season due to vastly-reduced crowds
Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding
In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later
Interpublic Group of Companies Inc (NYSE:IPG) Shares Purchased by Swiss National Bank
Swiss National Bank raised its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,918 shares of the business services provider’s stock after buying an additional 283,800 shares during the quarter. Swiss National […]
Compression
Risk assets are compressing to Treasuries. Part of this has been the Fear Factor as coronavirus pushed Treasury prices higher as a run towards the safest of hav
Work begins, but salons struggle to make the cut
According to him, even the number of customers has come down drastically due to lack of space inside the salon to maintain physical distance. Most of the salons have two to four work stations. As of now, salons can accept only two customers at a time.
Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales
How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja
MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an
Moving production lines out of China is uneasy
Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.
Reliance starts trials of JioMart shopping portal across India
The JioMart shopping app is available via Facebook Inc’s WhatsApp, which in India has about 400 million users.
Bank of Canada head: inflation could return to target more slowly
Bank of Canada head: inflation could return to target more slowly
Branson's Virgin Orbit fails to launch rocket from 747
A crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk's SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.
Burger King modifies cardboard crowns to encourage social distancing
The hats were trialled at stores in Germany.
When is the German IFO survey and how it could affect EUR/USD?
The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p
Medical aid costs shrink but Covid-19 costs are still unknown
Fewer elective surgeries and doctors’ visits save millions, but hospitalisation of Covid patients will negate these savings.
Consumer Confidence Inches Higher in Canada, Except for Housing
Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
Bayer, Lufthansa drive gains in Europe amid holiday-thinned trading
European stocks rose to kick off the week on Monday, albeit with the action thinned by holidays in the U.K. and the U.S.
EU must present united front to shield pandemic-hit banks: regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
Why Target ended up a $3.6b black hole
It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.
Covid-19 boosts local demand for premium fruits, vegetables
Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market.
Bharti Airtel parent eyes $1 bn from stake sale to pay off loans
Move to help telco clean up debt overhang as promoter debt also impacts ratings
Airbus team to arrive in Karachi today to investigate plane crash
The European aerospace company will run an independent investigation into the plausible reasons for the crash
Cetera Advisors LLC Sells 2,568 Shares of Marathon Oil Co. (NYSE:MRO)
Cetera Advisors LLC lowered its stake in shares of Marathon Oil Co. (NYSE:MRO) by 16.5% during the first quarter, HoldingsChannel reports. The fund owned 13,013 shares of the oil and gas producer’s stock after selling 2,568 shares during the quarter. Cetera Advisors LLC’s holdings in Marathon Oil were worth $43,000 as of its most recent […]
Business stands behind government efforts to ease restrictions
Organised business says economic recovery will require innovation and swift action.
The problem with the liquidity push
Even if partially successful, it will culminate in eventual default; the crisis is only likely to intensify
City aims to slow streets
Vancouver is considering plans to repurpose 50 kilometres of roadway in an effort to create more space for restaurant patios and lines outside of businesses, as well as walking and cycling, during the COVID-19 pandemic.
Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?
Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...
Pubs take legal action against FBD over Covid insurance
Over 1,000 pubs and bars are affected by a dispute about whether or not their insurance policies with FBD Insurance Plc cover the disruptive impact of Covid-19 on their businesses, the Commercial Court has been told.
ETRADE Capital Management LLC Sells 2,520 Shares of Ball Co. (NYSE:BLL)
ETRADE Capital Management LLC decreased its position in Ball Co. (NYSE:BLL) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the industrial products company’s stock after selling 2,520 shares during the period. ETRADE Capital Management LLC’s holdings in Ball were worth $439,000 as […]
Public sector wage battle looms for the Berejiklian government
The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.
Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It
The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa
Hyderabad firm launches advanced version of e-procurement tool
Hyderabad-based Acads360 India has unveiled the advanced version of its e-procurement tool, PRM360 -the Covid-19 management solution, to address the procurement challenges confronted by manufacturing sector.
Meet Cyrus, who wants to own Virgin through the virus and beyond
Every good auction needs a smokie.
Refunds likely to bury retail boost from pent-up demand
For shell-shocked consumers, mass job losses and emptier social calendars mean cash will prove more alluring than unused purchases.
Why I faked my death, by househelp - The Nation Nigeria
A 19-year-old, Margaret Ikumu, whose family raised the alarm over her supposed death and secret burial, has told police that she faked ....
German court ruling clears way to settle VW diesel cases
The decision affects some 60,000 individual claims brought by car owners in Germany.
CLT Grants Go Where Increased Need Is
“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.
Dancing with disinfectant: China's nightclubs back in the groove
SHANGHAI (Reuters) - Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks have become part of the experience.
British farmers 'will go out of business' in UK-US trade deal, Theresa Villiers warns
British farmers “will go out of business” as a consequence of a trade deal with the United States, former environment secretary Theresa Villiers has warned. Admitting that she had "great fears" about "unfettered competition between domestic farmers and US imports", she said it would
Telegram Withdraws US Court Appeal for TON Launch
After wrapping up its blockchain project, Telegram has now officially withdrawn from the court battle against the SEC for lifting the ban on Gram tokens.
CFA 'never sought' slice of Celeste Barber's $51 million fundraiser
Court rules that $50 million raised by comedian cannot be given to groups other than the NSW Rural Fire Service, but Victoria's CFA says it never lobbied to receive a share
‘Material disclosure’ is imperative at this time
Investors need to be frequently updated on Covid-19’s impact on companies
Scots Volkswagen drivers to receive millions in payouts after emission scandal ruling
Scots solicitors have made the claim after a landmark German ruling.
Business Live: Domestic flights to resume from today; Jiomart goes live to take on Amazon, Flipkart
Updates from the world of economy, markets, and finance
China's Great Wall expects mild domestic auto sales growth in H2
BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Spend the $60b windfall on bigger stimulus
If the Treasury still thinks we are headed for a recession, the JobKeeper underspend should be used to pump-prime the economy.
Millions of trees to be planted after bushfires
The plan is to get state-owned pine plantations back to pre-bushfire levels of stocked trees within a decade.
Tim Wilson wants fresh inquiry into Hostplus conflicts
The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.
Many mobile traders don’t follow safety rules, give headache to officials
With the lockdown in place, traders and vendors are among those who are badly hit. However, it seems they have found a new way to bounce back into business. Continue Reading →
HHS's Azar: 'Very Credible Objective' to Have Coronavirus Vaccine by End of 2020
During an appearance on Fox News Channel's "Sunday Morning Futures," Health and Human Services Secretary Alex Azar weighed in on the possibility of a COVID-19 vaccine by the end of 2020 after the CEO of pharmaceutical company AstraZeneca voiced his confidence the company could deliver 100 million doses of coronavirus vac | Clips
South African bankers work from home
“We have established that we can work very effectively from outside of the building.”
Court rules comedian’s bushfire fund can’t go to victims, wildlife
A court has ruled millions of dollars raised during the bushfire crisis by comedian Celeste Barber, cannot be distributed to charities or other States to help people and wildlife. The money also can’t…
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.
Liverpool restaurant delivering 1,000 curries every week on lockdown
The restaurant introduced its delivery service in response to the coronavirus lockdown
NNPC has 6,621 staff strength – Report
The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries
Greece resumes island ferry services in bid to salvage summer tourist season
Travel to the islands had been generally off-limits since a lockdown in late March.
IBM, HP announce major job cuts
Although exact number of layoffs was not confirmed, reports suggest it could be in the thousands.
Debt of consumer discretionary firms faces a downgrade
Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.
CEO buys struggling New Zealand media company for $1
The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.
Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies
In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w
Slate Asset Management launches $500-million fund to finance COVID-hit companies
Toronto-based Slate plans to offer bridge financing, loan restructuring, as well as preferred equity purchases as the industry deals with a massive drop in rent payments
Canada’s arts sector needs transformative action similar to Works Progress Administration
With Canadian federal, provincial and city leaders enjoying some of their highest approval levels, the time is right for an arts renewal
Book sales soar as French lockdown eases
Even so, overall, sales were 60 percent down compared the corresponding period in 2019.
Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus
Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Canada's banks to cement status as solid investments in a crisis
Canada's banks to cement status as solid investments in a crisis
On this day: John F Kennedy pledges that the US would have a man land on the moon
Fifty-nine years ago today, on May 25, 1961, President John F. Kennedy gave a historic speech to a joint session of Congress that would set the United States on a course to land on the moon. Kennedy called for an ambitious space exploration program, including not only missions but to put astronauts on the moon...
Bengal and Assam tea sector estimated a loss of Rs 2,100 crore due to lockdown
Indian tea sector has estimated loss of Rs 2,100 crore in Assam and Bengal due to lockdown. This is based on the price recovered in 2019 North India tea auctions. These two north Indian tea producing states contribute over 80% to India's national yield. The plantation sector has requested government for a multidirectional financial package to come out of the crisis.
CEO buying struggling New Zealand media company for NZ$1
One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.
L&T Rating: Buy — A modest showing in the final quarter
FY21/22e EPS down 15% to factor in Covid-19; TP cut to Rs 1,394; ‘Buy’ maintained
Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut
The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances
Mexican auto industry groups urge Puebla state to allow operations to restart
MEXICO CITY — Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus.
Book sales soar as French Covid-19 lockdown eases
PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...
Reverse migration can spur housing demand in tier 2 and 3 cities post COVID-19: ANAROCK report
One significant trend may be reverse migration spurring housing demand in Tier 2 & 3 cities, says the ANAROCK report.
Coronavirus: Superannuation accounts drained of $13.2b as people look to meet living costs
Industry leaders warn it comes with a hefty price tag.
Responding to the Covid economy Part 1: Understanding supply and demand shocks — Ong Kian Ming
MAY 25 — It has been more than 2 months since the 18th of March 2020, which was the start of the movement control order (MCO) in Malaysia. The full extent of the negative economic impact domestically will not be known for a few months. But as we approach the 9th of June, 2020, and hopefully, the...
Newcastle United should rekindle interest in Danny Ings amid Southampton fire-sale reports
Newcastle United were reportedly keen on the striker back in 2018.Newcastle United were reportedly keen on the striker back in 2018.
The poor world must be the rich world’s pandemic imperative
Assisting poorer countries is not just the right thing to do; it is also the only way to contain the pandemic.
Argos online bank holiday sales: today's best home, garden and tech deals
We're bringing you all the very best Argos online bank holiday sales, deals, discounts and much, much more.
Current equity losses underline why planned exit from investment is important
In investing, the level at which you invest is just as important as the value when you exit.
IL&FS invites EoI for 26% in Tripura power plant, sources say ONGC may bid
IL&FS engages Arpwood Capital and JM Financial for deal; project cost entails debt of Rs 3,035 cr and equity investment of Rs 10,118 cr
US tech execs have dumped $3.6 billion in company stock this month
Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.
New push to allow South Africans to access their retirement funds during coronavirus lockdown
Trade federation Cosatu has submitted an urgent request to Finance minister Tito Mboweni, to allow workers to access part of their retirement fund savings for coronavirus financial relief.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand's government announced last week its plans to have a vaccine ready for deployment
Aldi checkout worker pays for Hamilton customer’s shopping after her card was declined
AN ALDI checkout worker generously paid for a Hamilton customer’s shopping after her card was declined. Store Assistant Julie at the Hamilton Aldi, Wellhall Wynd, came to the rescue when a shopper…
Unease in Greece as restaurants, cafes reopen
Restaurants and cafes across Greece opened ahead of schedule Monday as the country prepared to launch a shortened tourism season vital to its economy.
Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore
The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.
Startup Livspace lays off 450 employees on adverse business impact from COVID-19
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.
A Lot of Binance Exmployees Opt to be Paid in Crypto Rather Than Fiat: CEO
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that "a lot" of employees opt to be paid in BNB, rather than fiat.
Report: Mikel Arteta ‘dreams’ of signing Philippe Coutinho but £71m a big stumbling block
Arsenal's Spanish boss is seemingly a big fan of the Barcelona star.Arsenal's Spanish boss is seemingly a big fan of the Barcelona star.
IOOF class action dropped but legal woes remain
IOOF has reached a settlement to end the Supreme Court case commenced by Quinn Emanuel on behalf of IOOF shareholders but separate proceedings initiated by Shine Lawyers are ramping up.
Huawei and Honor may have to ditch their own Kirin chips due to US sanctions
Huawei may soon have to forgo its own Kirin silicon in favor of chips from other manufacturers. That's because the US Department of Commerce's new
Mall REITs - Under Threat From The Lockdown Flight To Online Shopping
Clearly, online retail taking a larger share of total retail spend is bad news for REITs that specialise in mall real estate. We see this very clearly in the U.
China's 'hermit' investors fill doubled oil storage with crude bet
SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.
Covid impact: Private banks set aside over 75% of operating profit as provisions in Q4
All of them provided aggressively in view of the Covid-19 outbreak and the repayment moratorium, which also requires pre-emptive provisioning. Some red-flagged risks that could arise out of the retail unsecured segment.
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson
COVID-19: Over N10 billion approved for health intervention grants - CBN
Mr Okorafor said the applications covered two broad categories under the COVID-19 intervention programmes in the healthcare sector.
After failed bid with viper, Kerala man kills wife with cobra: police
Police on Sunday arrested Sooraj, 27, a native of Adoor and Santosh, 47, a snake handler, on charges of killing Sooraj’s wife Uthra, 25, a native of Kollam.
Global shares up as recovery hopes overshadow virus worries
TOKYO (AP) — Global shares rose Tuesday as hopes for economic recovery overshadowed worries over the coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to...
Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy
RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.
Zimbabwe fuel crisis set to worsen
DESPERATE motorists are set to endure more anguish at fuel pumps, after authorities admitted at the weekend that they were struggling to get foreign currency to import petrol and diesel.
Dr Reddy’s Rating: Neutral — A strong performance in the quarter
FY21/22e EPS up 2/5%; TP raised to Rs 3,775 from Rs 3,490; ‘Neutral’ retained as valuations capture positives
BSE, NSE shut today on account of Ramzan Id
On May 22, the Sensex ended 260.31 points lower or 0.84 percent at 30,672.59, while Nifty fell 67 points or 0.74 percent at 9,039.25.
UK bailout schemes could create coronavirus debt trap, warn banks
Fear businesses could face paying billions in loans just as they try to recover from pandemic
Pattie Lovett-Reid: Let the commercial rent relief applications begin...we hope
The past weekend has to have a been a tough one for small businesses waiting to hear whether or not their landlord is going to apply to the federal government for the Canada Emergency Commercial Rent Assistance program. CTV News' Chief Financial Commentator Pattie Lovett-Reid breaks down what they can expect.
German sentiment survey boosts stocks, Europe focuses on recovery fund
LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
At IGI airport, tales of homecoming after months
With the first day of domestic operations coinciding with Eid-ul-Fitr, passengers included those who were happy at the thought of being reunited with their families before the end of the day.
Finals on NBC, averaged 5 million
NEWS IBC - Finals on NBC, averaged 5 million NEWS IBC - Finals on NBC, averaged 5 million
Coronavirus Is Killing Brazil's Isolated Indigenous Peoples at a Staggering Rate
The mortality rate among indigenous people is twice that of the rest of the population.
Bayer says it makes progress in settlement talks over weedkiller
Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling
Tiger Brands looking at 'significant' job losses as it counts cost of pandemic
Tiger Brands employs more than 11,200 people in South Africa, excluding seasonal staff, a company spokesperson said.
Florida can’t stop poor felons from voting, federal judge says
A federal judge declared unconstitutional parts of a Florida law that would require people with felony convictions to pay off financial obligations before regaining their right to vote, paving the way for hundreds of thousands of Floridians to register to vote.
Australian economy must come off Covid-19 ‘life support’, PM to say
SYDNEY, May 25 — Australia’s economy must not become reliant on government stimulus, Prime Minister Scott Morrison will say tomorrow, as Canberra unwinds state support and accelerates plans to spur growth. Australia has reported just over 7,100 Covid-19 infections, including 102 deaths. That is...
Nordic investors turn up heat on coal in climate campaign
Nordic investors turn up heat on coal in climate campaign
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
Pak diplomat’s kin, who crossed over from Attari, exempted from quarantine at Amritsar
“Wife and two kids of Pakistan diplomat crossed into India on May 23. They will not be kept in quarantine at Amritsar. Instead, they will go to Delhi to remain in home quarantine,” said a health official.
ASX to open higher, $A steady
Australian shares are poised to advance, extending Monday's surge. German shares lift on Lufthansa rescue.
Germany’s highest court rules VW should offer Dieselgate compensation
Thousands of motorists can now claim damages from the carmaker.
Homes needed for thousands of 'spare' Cadbury's Easter Eggs in massive giveaway
The National Trust for Scotland has already donated around 15,000 Easter Eggs to hospitals, food banks and community groups around the country
Western Areas storms Panoramic Resources recap
ASX-listed Western Areas has sent a reminder that it's not just private equity tyre-kickers that can use recapitalisations to nab strategic positions.
Moody's revises outlook on Adani Abbot Point Terminal's rating to stable
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor
Theatres await further relaxing of rules to lock in return date
"We can be closed down overnight but we cannot return overnight," says MTC boss Virginia Lovett.
What Sticks? Five Data-Driven Behaviors That Will Define America’s Reopening
PYMNTS has populated the current landscape with data-driven research to answer the critical question: Which consumer behaviors will stick through recovery?
China's pork imports in April jump 170% to record high
BEIJING — China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
McBride: A European COVID-19 Winner, But Basic Challenges Remain
COVID-19 has actually helped Europe's largest private label household products company, McBride. The company has struggled to sustain a decent profit margin for
Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon
Over the past few weeks, small-cap crypto assets — altcoins — have been outperforming the market leader in Bitcoin. But there are clear technical and
Washington man allegedly falsely sought $1.5M in coronavirus biz relief funds
A Washington state software engineer is charged with fraudulently seeking over $1.5 million in coronavirus relief funds intended for small business loans, prosecutors announced Friday. Issaquah
China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered
Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD
Coronavirus impact: Suzuki Motor Gujarat resumes operations
Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.
Better off staying closed?
Some businesses could be better off staying closed than risk re-opening during the second phase of the B.C.’s government's plan to safely and gradually re-open the economy, according to Val Litwin, president and CEO, BC Chamber of Commerce.
Nasdaq to Consolidate European CSD Business
Nasdaq, an exchange operator, will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
Foreigners join 'Stuck in Taiwan - Best Place to Be' for help
Nearly 300 foreigners stranded in Taiwan form Facebook group to seek help with housing, work
Industry funds pummeled by early superannuation withdrawals
The Australian Prudential Regulatory Authority (APRA) has released its weekly update on the Morrison Government’s early release policy, which reveals that another 1,650 million funds were withdrawn in the week ending 17 May, with total withdrawals topping $10.6 billion:
Bushfire-hit Australians still in tents as virus slows recovery
Six months after Australia's bushfire crisis and some 6 hours away from Sydney, scores of people still live in limbo
US-based Alsco seeks permission for Spotless Laundries
The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy.
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Two months of lockdown: Sensex gains 15%, 45 BSE500 stocks rally over 50%
Among largecaps (BSE Sensex), M&M, Reliance Industries, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto gained 32-58 percent, whereas only four stocks were in the red.
Australian skiers book hotels
Australian tourists hoping for a ski season are already making bookings and inquiries at Wakatipu hotels. Novotel Queenstown Lakeside general...
World Bank’s approval for Nigeria’s $1.5b cash coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country ...
Energy efficient lighting being rolled out in Moorabool
WORKS have commenced on upgrading almost 2000 public lights in Moorabool Shire, to be both more energy and cost efficient. Powercor recently began the three m...
Kobe Bryant’s 11-month-old daughter Capri takes her FIRST STEPS in heartwarming video with mom Vanessa
The 37-year-old shared the candid video to her Instagram yesterday, which saw her 11-month-old walking from her aunt to Vanessa. Clad in a sweet pink outfit, Capri received a round of applause as she took multiple steps without help and maintained her balance.
Bayer says it makes progress in settlement talks over weedkiller
FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore
The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.
Who Wins In Recessions? The Rich And The Lucky
While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strang
H&J Smith looking to close stores
H&J Smith Group says it is considering closing stores in the South, affecting 175 staff, as it tries to secure its long-term future.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
EU eyes first face-to-face summit in months to haggle over budget
European Commission to propose blueprint for € 1tn multiannual financial framework
Toronto Zoo trying to innovate as it faces budget crunch
Zoo offers drive-through exhibit as it reopens, but attendance was falling for years before pandemic
EUR/USD Price Analysis: Flat-lined below 1.0900 mark amid holiday-thinned liquidity
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early North American session on Monday. Th
Whether To Give Up Dumpster Diving
I discuss the news that Tuesday Morning could file for bankruptcy this week. I reflect on the prospect of quitting 'dumpster diving.' I share a painful lesson o
Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)
Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks […]
Salon shop owners face a cut in earnings
Drop in customers and increase in operating costs put them in soup
UE Megaboom 3 speaker deals include choice of all-time low price ($100 off) or charging dock bundle
Ultimate Ears has done the seemingly impossible by managing to create, not one, but an entire lineup of recognizable, portable Bluetooth speakers among a
Will the tax exemption for butter imports be cancelled? - Inside Israel
Finance Min. Yisrael Katz approves continued butter imports, as Agriculture Min. Alon Schuster pushes to cancel import tax exemption.
Japan’s Uniqlo to make masks using underwear fabric
TOKYO, May 25 — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a...
Drone Deliveries In Canberra Surge 500%
Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery volumes.
IPG Photonics: Buy On Weakness
IPG owns one of the safest and strongest balance sheets in corporate America. The long-term trend of rising demand for lasers of all types puts the wind at your
Punjab: Without salary since January, PU contractual staff left in the lurch
The employees, who include plumbers, maintenance workers, and helpers employed to work in hostels and administrative offices of the university, have been shuttling between contractors and university officials, but to no avail.
Court rules $51 million RFS donation cannot be distributed to other charities
The extraordinary sum was raised on Facebook by comedian Celeste Barber during the bushfire crisis.
Newmont Corporation: Digging Into The Q1 Results
Newmont Corporation released its Q1 results earlier this month, reporting quarterly gold production of 1.5 million ounces at all-in sustaining costs just above
Experts urge govt to lock in crude oil purchases as prices start rising
They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision
Everton have perfect tools to deal with changing transfer strategy
Part one of our latest Michael Ball column discusses Everton's changing transfer strategy
Sun rises for ITC's aggressive acquisitions
ITC's acquisition of Sunrise is its biggest deal in the past two decades and shows company's readiness for inorganic growth to meet the turnover target of Rs 1 lakh crore for its non-cigarettes FMCG business by 2030
Bear spotted in Rose Valley
UPDATE 2:27 p.m. With recent bear activity ramping up across the province, B.C. Conservation Officers are starting to conduct their bear attractant patrols to help reduce conflicts in communities.
Keeping on eye on facilities
With restrictions being lifted, the City of Pentiction is reminding visitors of parks, beaches and outdoor facilities to be aware of COVID-19 safety measures.
DA calls for special inspector-general to prevent graft in relief fund
The party also threatened to table an amendment to the Special Appropriations Bill, should Mboweni not adhere to the request.
Pelosi on Mail-In Ballot Push: ‘We’re Now calling It Voting at Home’
House Speaker Nancy Pelosi (D-CA) on Wednesday evening signaled that Democrats are going to push for more expanded mail-in voting by referring to it now as “voting at home.” |
India has surplus capacity, may allow export of masks in a week: Sources
Exports of personal protective equipment (coveralls) may be considered next as far as export curbs go
HESTA begins search for 2020’s best early childhood educators – nominate now
Nominations are now open for the 2020 HESTA Early Childhood Education & Care Awards, with a $30,000 prize pool up for grabs in recognition of early childhood educators and carers who have demonstrated excellence in improving learning outcomes for children.
Law firms, retailers pull bids for COVID-19 award changes
Employers and unions call time on new award flexibility deals to save jobs in response to the coronavirus shutdown, as restrictions continue to ease.
Old-fashioned milkman makes rounds as US shoppers stay home
The milk truck can be heard more than a block away, chugging along the narrow tree-lined streets of Washington’s historic Capitol Hill neighborhood.
Australian Prime Minister Rolls Out Plan to Save Economy as China Slaps Tariffs on Country's Exports
Trade relations between the two geographic neighbours reached a new low as Beijing banned several Australian beef-exporting companies and slapped an 80% tariff on the...
Hard times for Boeing, long a symbol of American might
Hard times for Boeing, long a symbol of American might
Rhumbline Advisers Increases Stock Position in Fox Corp (NASDAQ:FOX)
Rhumbline Advisers boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 9.8% in the first quarter, HoldingsChannel.com reports. The fund owned 264,628 shares of the company’s stock after purchasing an additional 23,633 shares during the period. Rhumbline Advisers’ holdings in FOX were worth $6,055,000 at the end of the most recent reporting period. Other […]
Baby gorilla at Seattle zoo badly injured in family skirmish
SEATTLE -- A baby gorilla was badly injured at a Seattle zoo on Saturday when he was caught in a skirmish between his family group members, zookeepers said.
In race for tourism, Greece reopens cafes, island ferries | Honolulu Star-Advertiser
ATHENS, Greece >> Greece restarted regular ferry services to its islands today, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
South African taxpayers to pay for ban on cigarettes and alcohol: expert
The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.
Newmont Stock Has Doubled. Is It Still A Buy?
Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus
The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14
German govt to climb aboard at Lufthansa in virus rescue
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...
Two workers of Toronto Loblaws test positive for COVID-19, now isolating at home
TORONTO — Two workers at a Loblaws grocery store at the old Maple Leaf Gardens in Toronto have tested positive for COVID-19. Loblaw says it closed the store briefly to allow for additional cleaning and has since reopened.
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to recover from the COVID-19 lockdowns.
Covid-19: France's health workers to get ‘significant’ pay rises
Prime Minister Edouard Philippe said Monday that health workers would soon get hefty pay increases as part of an overhaul of France's hospital system in response to the coronavirus crisis.
League leaders looking to sign Chelsea midfielder this summer
According to Turkish newspaper Takvim, via Sporx, Trabzonspor are keeping tabs on Chelsea midfielder Danilo Pantic and they could look to bring him to replace club Jose Sosa in the summer. The Trabzonspor captain could leave the club as he has yet to extend his contract, which will expire at the end of the season.
Massachusetts Drive-in Movie Theater Sells Out on Memorial Day for 'Jurassic Park'
A historic Massachusetts drive-in cinema reopened on Memorial Day to sold-out screenings after the state lifted coronavirus restrictions on certain businesses as part of its phased approach to restarting its economy.
Coronavirus: Invest in health to end pandemic - WHO charges world leaders
As the world faces the challenges of coronavirus crisis, the World Health Organisation says 106,000 cases were reported on Tuesday, May 19 - the most in a day.
GBP/USD: All ears to the ground for Brexit themes ahead of June 30
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Markets advance on hope of restrictions being eased globally
Subdued volumes traded on world markets as London and New York closed for holidays
Wage subsidy scheme pays out more than a billion euro
The amount of money paid out under the coronavirus wage subsidy scheme has surpassed 1.1 billion euro, a senior civil servant has said.
Moody’s: Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR, May 25 — Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have...
Sieze LG Polymers premises, Andhra HC orders over Vizag gas leak case
The premises of the company shall be completely seized and no one be allowed to enter into the premises, including the directors of the company, the court said
Kotak Mahindra Bank cuts interest rate by 0.50% on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering
Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...
The effect of GDPR two years on
Today marks the second anniversary of the introduction of the EU's General Data Protection Regulation (GDPR).
California announces churches, houses of worship can reopen under certain guidelines amid coronavirus outbreak
California Gov. Gavin Newsom on Monday released guidelines for reopening houses of worship amid the coronavirus pandemic, after President Trump deemed them “essential” last week.
Tech Giants’ Top EU Privacy Watchdog Attacked Over Slow Pace
Silicon Valley’s main data-protection watchdog in Europe came under attack from one of the region’s leading privacy advocates for taking too long to wrap up probes into Facebook Inc. and its Instagram and WhatsApp units.
Wuhan uses sample pooling to conduct 6.57 million tests in 10 days
This includes a record 1.47 million tests on Saturday
COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience
The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.
Lufthansa state rescue deal agreed in principle, say sources
FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
People impact of Lagos State budget review
At the outset of the current fiscal year, the State House of Assembly approved a N1.168-trillion worth budget meant to impact lives and enhance the standard of living of Lagosians.
Five business groups urge Ontario to halt commercial evictions during pandemic
Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, saying many small and medium-sized businesses are at risk of closing.
CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum capital base....
Cleaning crews ready for reopening in post-pandemic US
Tables, chairs, counters, doors: reopened US businesses and restaurants will have to focus on thorough disinfecting if they want to lure customers, and cleaning companies are preparing for an explosion in demand.
Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand
Tiger Brands Ltd. could make significant job cuts and asset sales this year as Africa’s biggest publicly traded packaged-food company looks to reduce costs and survive weak consumer demand worsened by the coronavirus pandemic.
Changes will likely stay
Ken Beattie is old enough to recall when B.C. pubs had to keep their doors closed to anyone looking for a cold one on a Sunday.
German gov't to climb aboard at Lufthansa in virus rescue
(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.
In race for tourism, Greece reopens cafes, island ferries
Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
Mackay Shields LLC Invests $1.78 Million in Axon Enterprise Inc (NASDAQ:AAXN)
Mackay Shields LLC acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the first quarter, Holdings Channel.com reports. The fund acquired 25,200 shares of the industrial products company’s stock, valued at approximately $1,784,000. A number of other institutional investors and hedge funds also recently modified their holdings of AAXN. Wealth Quarterback LLC […]
Natural Gas Bounce - As Expected
A higher low in the energy commodity. The signs of falling production continue. Trading from the long side in natural gas. Why UGAZ is a far better instrument t
Virtual Reserve Bank cash cut lowers rates
A virtual easing of monetary policy by the Reserve Bank – which has allowed money market rates to fall to almost half the official 0.25 per cent target – is helping lenders reduce mortgage rates to record low levels.
What if the Mets signed Alex Rodriguez? Inside the big 2000 decision
In a weeklong series, The Post is looking at alternate realities in New York sports. We are examining “what if” scenarios for our teams, reversals of fortune that would have radically changed not
Mumbai: 21-day doubling rate in Dharavi, lower than city’s 14-day average
The doubling rate of number of Covid-19 cases in Mumbai is 14 days, Chief Minister Uddhav Thackeray had said on Saturday during an interaction with doctors of BMC-run hospitals.
Katie Price's daughter Princess does her mum's hair as they spend Bank Holiday together
Katie Price took to social media to document her Bank Holiday Monday with her children and her daughter Princess ensured she pampered the former glamour model
Greek silversmith Sotirios Voulgaris created the world-famous BVLGARI brand
BVLGARI is a world leading luxury brand known for its fine jewellery, watches, fragrances, accessories and leather goods.
Need to know: Monday
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.
KKR becomes Jio Platform's fifth investor in five weeks | ZDNet
Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.
Domino's relaunch Click & Collect service
Domino's has launched a Click & Collect service in 19 of its restaurants nationwide.
Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use
Sberbank is buying contactless blockchain-powered ATMs. This comes after a bill was proposed to penalize companies that use crypto.
Mercedes-AMG boss tipped for top job at Aston Martin
The British brand's relationship with Mercedes may become stronger according to international reports.
VW Finds Another Way To Copy Tesla
Like Tesla, Volkswagen sees electric vehicles as the future of private mass transportation. Internal combus...
British billionaire twins at war over London’s Ritz hotel and family’s fortune
The brothers, who spent decades avoiding media attention by isolating themselves on an island in the middle of the English Channel, are now front-page news due to the latest part...
Bank of Israel leaves rates unchanged, sees less economic damage in 2020
JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.
'It's kind of glum': U.S. farmers worry as crop prices dip
American farmers are seen to lose billions of dollars in revenues amid the coronavirus pandemic
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
Stock, commodity, bond, forex markets closed today for Eid ul Fitr; to resume trading tomorrow
Wholesale commodity markets, including metal and bullion, will also remain shut
RHOC alum Meghan King Edmonds teases fans with glimpse of new boyfriend after ex Jim brings girlfriend around kids
MEGHAN King Edmonds has teased her first social media glimpse of new boyfriend Christian Schauf, as the pair spend Memorial Day weekend together. Real Housewives of Orange County star Meghan has be…
Safaricom Foundation Partners With Scope International to Install Sanitation Booths in 6 Counties
Safaricom in partnership with Scope International have installed sanitation booths in the counties of Homabay, Siaya, Migori, Kisii, Bungoma and Busia to help curb the spread of COVID-19.The sanitat
Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
COVID-19: Worries grow that consumers won't come back to malls
Mall owners have a strong incentive to get their properties open safely, as rents have plummeted following the provincial orders to close
Does Anyone Else Remember The TV Show ‘Yasmin’s Getting Married’ Or Was It A Fever Dream?
Who the fuck was Yasmin?
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo
Stock Market Boost: Unemployment Outlook Shifts To Positive
The unemployment trend, no longer rising, now looks ready to decline
Bust-up over climate weighs on EU-UK talks, risks trade rifts
Britain's refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes. While Britain has joined the global Paris agreement to fight climate change
NYC’s urban model faces existential crisis in post-pandemic world
Manhattan needs its people back. But do the people need Manhattan? COVID-19 may not be a pause, as Gov. Cuomo puts it, but a rupture — one that has vast implications for New York. For half a
EUR/USD: The global outlook points to be positive for the euro – Danske Bank
While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna
Telford firm boosts PPE supply with 3D printing
A manufacturing service provider has produced hundreds of face shields for distribution into the NHS.
The close: TSX gains as pot stocks soar; Canada’s 10-year bond yield at all-time low
Investors look to an eventual economic recovery, but credit markets may be seeing things differently
Cape Town based online retailer gets R100 million investment
Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.
France promises ‘significant’ pay hikes for health workers
PARIS, May 25 — Prime Minister Edouard Philippe said today that health workers would soon get hefty pay increases as part of an overhaul of France’s hospital system in response to the coronavirus crisis. “I can say without any ambiguity, the increase will be significant,” Philippe said...
Labor senator calls for ASIC investigation into Rex
Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".
Uniqlo to make face masks using underwear fabric
Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus. The company had previously been wary of making face masks, but a spokeswoman said…
Fast Track mergers: MCA keen to extend facility to more classes of companies
asks industry to come up with comprehensive suggestions
Eir sells its towers for €300m
Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.
The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets
Although the Fed's intent is to provide temporary liquidity to large U.S. firms, the promise of supporting corporate bond prices and making loans to highly leve
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany stamps authority on Lufthansa with $9.8 billion lifeline
BA planning to rehire sacked staff on worse terms, union says
Unite accuses airline of using coronavirus crisis as cover for betraying its workforce
Troy Aikman Makes Prediction For Dak Prescott’s Future With Cowboys
Troy Aikman "loves" Dak Prescott and has a hard time believe the Cowboys won't get a deal done with the Mississippi State alum.
Over 3,000 COVID-19 cases in two weeks as Nigeria’s toll exceeds 8,000
Nigeria’s COVID-19 toll exceeded 8,000 on Monday, with more than 3,000 cases recorded within two weeks. The Nigeria Centre for Disease Control (NCDC) confirmed 229 new COVID-19 cases on Monday,
Tasty pursuits! What consumers are turning to when restaurants are shut
The demand for snack items is up, but can manufacturers keep up?
Shopify Is Taking The E-Commerce World By Storm
Lately, Shopify (SHOP) is firing on all cylinders. The company announced a series of new features on its May 20 Reunite event, together with a new partnership w
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say
A hairstylist at a Missouri Great Clips salon may have exposed up to 56 clients to COVID-19 after working while symptomatic, health officials said on Saturday .
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.
Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal
The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies
‘Never waste a crisis’: inside Saudi Arabia’s shopping spree
The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned.
Japan eyes fresh stimulus plan worth over US$929b to battle COVID-19
TOKYO: Japan is considering a fresh stimulus package worth over US$929 billion that will consist mostly of financial aid programmes for companies ...
Tech giants are embracing remote work and others may soon follow | Honolulu Star-Advertiser
OAKLAND, Calif. >> For a preview of the future of office work, watch how the biggest tech companies are preparing for a post-pandemic world.
German economy starting to see light at end of tunnel - Ifo economist
BERLIN — The German economy is beginning to see light at the end of the tunnel after the passing of the severest phase of the lockdown imposed to slow the spread of the coronavirus epidemic, Ifo institute’s economist Klaus Wohlrabe said on Monday.
Starting small may lead students to bigger things
Learning how to build tiny houses could set up Dunedin trainee builders for bigger things. The Dunedin Training Centre will offer a new Level 3...
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.
Hair salons could safely reopen at end of June, industry body says
Federation calls for earlier reopening with strict health restrictions in place
Lion to bring 'healthy alcohol' to Australia
White Claw built a $2.5 billion segment in the US known as "hard seltzer", with lower calories and sugar, and is now headed to Australia.
Teladoc Health: The Growth Is Here To Stay
Teladoc Health recently reported impressive Q1 2020 results and management provided strong full-year 2020 guidance. This new market darling has a strong bull ca
On This Day: Millions of Americans formed a human chain for charity
On this day in 1986, long before 'social distancing' was part of our vernacular, more than five million held hands to form a human chain.
FBD plans to ask court to delay cases taken by most publicans
Insurer FBD says it intends to ask judges at the Commercial Court not to hear additional legal actions taken against it by publicans who say their cover is not being honoured, until a case now underway is decided one way or another.
Immigration D-G: 207 undocumented migrants tested positive for Covid-19 in Malaysia
KUALA LUMPUR, May 25 — A total of 207 of the 13,929 undocumented migrants detained at three Immigration Detention Depots in Peninsular Malaysia have been found to be positive for Covid-19 infection. Immigration Director-General Datuk Khairul Dzaimee Daud said 110 of those infected have been sent...
‘An opportune time to invest in markets’
Clarity on economic recovery to unfold over 2 quarters: Reliance Securities CEO
Office supply wholesaler Spicers Ireland is rescued from liquidation
The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock
Virgin Orbit loses its first rocket shortly after engine ignition
“An anomaly then occurred early in first stage flight.”
Got $5,000? Then Invest It in These Cheap High-Yield Dividend Stocks.
These top-tier businesses boast sustainable yields ranging from 6.8% to 9.9%.
Testy moment for Ministry of Agric - The Nation Nigeria Newsa
The jobs were signed, sealed and delivered by the contractors. They expected their contracts’ sums to be released to them. But, some two years later..
Businesses changing restrooms as they move to reopen
Businesses are now having to consider how they’ll need to change up their restrooms as they move to reopen amid the coronavirus pandemic.
True Elements’ customers can now track quality of products to ensure safety
For True Elements, a zero-sugar breakfast and snacks brand based out of Pune, the nationwide lockdown due to the Covid-19 pandemic was the ideal time to come up with one more innovation. Its customers
Quarantined investors create ‘perfect storm of stupid’ (Plus, a TSX stock skyrocketing on the shift to remote working)
A roundup of investment ideas for active investors
Ontario offers loan of up to $500M to lottery and gaming corporation
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Goodbye office: Is the future of work in our homes?
SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...
Extend MGNREGA work to 200 days, says PMK
The PMK on Monday demanded that work under the Mahatma Gandhi National Rural Employment Guarantee Act be extended to 200 days instead of the present 100 days.In a statement, its founder S. Ramadoss sa
JobKeeper fuels 'major hunger' for new sneakers
Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.
Coronavirus Losses: Arizona Nonprofits Assess ‘Tip Of The Iceberg’
Coronavirus-related shutdowns have cost Arizona’s nonprofits more than $800,000 worth of volunteer hours, and counting, according to a survey by the Alliance of Arizona Nonprofits.
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountab
Commentary: The biggest restructuring exercise facing Singapore businesses has just begun
From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...
Pub owners take FBD Insurance to court over Covid-19 disruption cover
Pub owners claim they are entitled to have consequential losses covered by what they say is an insurable risk.
Coronavirus Pandemic Could Bankrupt German FA, Warns Treasurer
German FA treasurer Stephan Osnabruegge warned that the DFB is in the deepest economic crisis of the recent past.
EDITORIAL: Reform to benefit farmers
Agriculture contributes 26 per cent of the gross domestic product.
Rand steadies, stocks open lower
At 0710 GMT, the rand traded at 17.6050 per dollar, compared with its close of 17.5970 on Friday.
Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre
N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic
Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales
Two million students back in classrooms in sign life edging towards a new normal
Almost two million students returned to classrooms across NSW and Queensland on Monday in the latest sign life is edging towards a new normal under the Almost two million students returned to classrooms across NSW and Queensland on Monday in the latest sign life is edging towards a new normal under the shadow of coronavirus.
Spain urges foreign tourists to return from July
Foreign tourists can book vacations in Spain from July as the two-week self-quarantine for overseas travellers is likely to be suspended by then, ...
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.
1st deadlines for laid-off workers to get health insurance
Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
International students at UCD calling for compensation
A UCD student from India has begun a petition calling on the college to compensate international students who paid substantial fees to study at UCD only for their year of study to be disrupted by Covid-19.
Canadian helps design Crayola crayon set that depicts human skin tones
A Canadian makeup developer has helped create a new line of Crayola crayons that are meant to accurately reflect human skin tones.
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
Southern Railway to operate special train for staff
Southern Railway will operate a workmen special train exclusively for railway employees to and from Thanjavur and Tiruchi from May 26.The special train will ferry employees residing in and around Than
Holy Sepulchre in Jerusalem did not open on Sunday as planned
Two months after the doors were shut to curb the spread of the coronavirus, the Church of the Holy Sepulchre in Jerusalem remained closed to the public on
“Pest” Wallabies Could Be Earning Money For NZ
Wallabies given a dishonourable mention in government’s recent budget as a pest needing money to combat them, could be earning valuable local and export dollars money by way of meat and hides says a hunters’ environmental advocacy the Sporting Hunters Outdoor Trust.
Rolls-Royce increases price-cuts pressure on suppliers
Big equipment makers turn to strained supply chain for savings
Lockdown boost for Island YouTube stars
AS governments and businesses deal with the devastating impact of Covid-19, a handful of young local entrepreneurs are among a new breed of internet superstars around the world enjoying a bonanza.
Economists See China Holding Stimulus in Check Amid Uncertainty
(Bloomberg) — Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
BT Buzz: Bike rentals back in vogue as Vogo, Bounce regain 30% of pre-COVID business
To retain and sustain this demand, bike rental start-ups are emphasising on two things - one, change in business model, and the another, focus on sanitisation
Here are the key challenges and scary facts confronting young people
Without a doubt, there will be more over-qualified job seekers and graduates going after fewer available job vacancies due mainly to automation and ageing population. As a result, more young people especially will increasingly be forced into spending more time in higher education.
Crack in fashion! Tesco stocks white eggs for the first time in more than 40 years after huge rise in demand
The eggs - which are used in McDonald's breakfast McMuffins - will cost the same as the brown free-range equivalent, starting from 89p for a box of six medium eggs.
Maintenance process set in motion at Jubilant Generics
90 employees called to work today to prepare machines for drug production Mysore/Mysuru: Nanjangud-based Jubilant Generics, an extended arm of Jubilant Life Sciences, has been preparing to start operations. The company which was shut due to COVID-19 will resume operations soon with the guidelines by Indian Council for Medical Research (ICMR). The State Government has...
Grocery prices start to soar
Experts have attributed this trend to the disruption in production and distribution during the lockdown. They also suggest that prices may continue to fluctuate in coming weeks, with no clarity on how the lockdown will be monitored in the days to come.
Centre donates N70,000 to teenage mother held in hospital
Bola Bamigbola, Osogbo Following an interview published by Saturday PUNCH about her plight, the Women Advocate Research and Documentation Centre, Lagos, on Sunday, donated the sum of N70,000 to Bl...
Young people dominate early super withdrawals
Young Australians comprise the majority of people making early withdrawals from their superannuation, as the COVID-19 crisis sweeps through the economy.
Ontario used auto dealers expect tough year ahead, prices already down
TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes
The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.
Dawn Meats reopens plant supplying McDonalds burgers
Production resumes in Waterford after 10 weeks as fast food group starts phased reopening of outlets
Minor fire causes evacuation of Target store in central Las Vegas
A small fire inside a Target store Monday afternoon caused an evacuation of the business in central Las Vegas.
Cullen commission into money laundering in British Columbia resumes today
VANCOUVER — Money laundering in British Columbia will be under scrutiny again this week when a public inquiry resumes today.
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Lockdown: Nightclubs shut, operators dragged to court in Abuja
This was revealed by the Chairman of the enforcement team, Ikharo Attah, on Sunday when he spoke with newsmen
AE Wealth Management LLC Raises Holdings in Axon Enterprise Inc (NASDAQ:AAXN)
AE Wealth Management LLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,137 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. AE Wealth Management LLC’s holdings in […]
Liquor shops open in U.T.
The outlets will function from 10 a.m. to 7 p.m.
Pandemic Dining: Temperature Checks, Time Limits, and Dividers
The experience of eating out in Hong Kong illustrates what it’s like to visit a restaurant right now.
Is deflation set to become Economic Enemy No 1?
Amid all the uncertainties that lie ahead is the possibility of deflation setting in post-Covid-19. Negative inflation rates would create an even steeper and longer hill to climb out of economic recession than we are already expecting. It will all come down to whether demand under- or over-shoots supply. The jury is out.
Bushfire-hit Australians still in tents as COVID-19 slows recovery
COBARGO, Australia: Victims of Australia's catastrophic bushfires are still living in tents, garages and makeshift shelters months after the ...
Lockdown breacher's epic rant to police as she 'didn't realise Wales wasn't in England'
A mum, believed to be from the West Midlands, called Welsh people "b*******" when she uploaded the clip of her confrontation with the authorities on Gwynedd beach on Wednesday
The launch of SpaceX's rocket Falcon Heavy on June 25, 2019
Space Exploration Technologies Corp. -- commonly known as SpaceX -- is slated to send two astronauts into space on Wednesday. Fortunately the fourth launch -- that was the last money that we had -- the fourth launch worked, or that would have been it for SpaceX. Born in South Africa, Musk immigrated
Man kidnaps and rapes ex-lover
A Bulawayo man recently broke into his ex-lover's home and kidnapped her before raping her.This was heard by the Bulawayo magistrate Shepherd Mjanja when ...
A Pandemic Stampede To The Hamptons Leads To A Desperate Search For Summer Rentals
COVID anxiety is even reaching beyond summer as families ponder a permanent residence in the Hamptons.
Irish Hairdressers Federation draw up plans to bid for earlier opening
The Irish Hairdressers Federation (IHF) has drawn up plans to present new recommendations to the Government in an attempt to open hair salons next...
Atlassian: Recent Rise And Premium Valuation Put Me On Sidelines For Now
Atlassian reported a strong Q3 earnings with revenue growing 33%, well above expectations for only ~28% growth. However, management provided Q4 revenue guidance
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
GBP/USD: Near-term downside risks into mid-year – CIBC
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El
Cash for new homes the key to saving jobs, says industry
On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.
Board diversity may be a COVID casualty
Boards must refrain from using the coronavirus crisis as an excuse to revert to old habits when it comes appointing directors, the Australian Institute of Company Directors said.
Spoilers: Geoff destroys the secret camera in Corrie?
Geoff regains entry to his house in the coming episodes, and upon doing so, he sets out to get rid of any incriminating evidence.
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Redmi K30i 5G launched: A cheaper Redmi K30 5G with one notable difference
Months after releasing the Redmi K30 5G, Xiaomi has now launched another K30-series phone. The Redmi K30i 5G is a "lite" version of the K30 5G and offers similar specs bar one notable change while costing a bit less.
Rental market hit by student exodus: Gurner
Tim Gurner says the treatment of foreign students by state and federal governments 'was incredibly poor' and its impact on the rental market will be huge.
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say, Business Insider - Business Insider Singapore
Business Insider - The stylists worked at a Great Clips hair salon in Springfield, Missouri, between May 12 and May 20 while symptomatic.. Read more at businessinsider.sg
Oppenheimer Asset Management Inc. Has $831,000 Stake in Spirit Realty Capital Inc (NYSE:SRC)
Oppenheimer Asset Management Inc. raised its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 56.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,797 shares of the real estate investment trust’s stock after purchasing an additional 11,473 shares during the period. Oppenheimer Asset Management […]
What Do The Latest PMI Surveys Suggest About The State Of The Economy?
Is the economy contracting at a slower pace than in April? Is more coronavirus relief on the way for Europe? The latest on equity market performance.
Let’s support farmers and try to keep shopping locally
From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.
A well-balanced stimulus package
It will minimise the human cost of the COVID-19 crisis and also pave the path for structural reforms
Route cleared for GasLink
Clearing for the first two spreads of Coastal GasLink pipeline construction through the Peace region is nearly complete.
UBS to Create Fintech-Specific Venture Fund
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog
European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau
US farmers worried as crop prices dip
Market disruptions have been caused by the Covid-19 pandemic.
Green shoots for drought-hit agricultural stocks
With many agricultural firms at multi-year highs it is easy to see why attention is on the sector. But investors must pragmatic about the cyclical challenges.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP, Business Insider - Business Insider Singapore
Business Insider - Overall there are 44 million workers at risk of losing their jobs because of the pandemic, Citi said. 31 million women, and 13 million men.. Read more at businessinsider.sg
Russia's Aeroflot reports 95% passenger drop in April 2020
Aeroflot Group expects to gradually increase the number of flights across Russia in June 2020
Cult favourite US hard seltzer brand White Claw is coming to Australia, following a licensing deal with Lion
Get ready: cult favourite seltzer brand White Claw is coming to Australia.
New Bank of Canada Governor Faces Stagflation, Rosenberg Says
Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.
Despite glut, Government unlikely to cut fuel prices, says Dharmendra Pradhan
It is a conscious decision: Pradhan
Last Chance To Board The Microsoft Train
Microsoft trades near all-time highs and this may have investors wondering if the stock is still a good buy. Through our DCF valuation, we propose two scenarios
HDFC gets battle ready, increases provisions to Rs 11,000 crore to ward-off coronavirus fallout
Housing Development Finance Corporation (HDFC) was seen gearing up for the aftermath of the coronavirus pandemic and the subsequent nation-wide lockdown.
Where college debt is riskiest: graduate degrees
If you take on so much debt for undergrad and grad school and then land a job that doesn’t pay at least an equal amount right out of the gate,...
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
Montreal retailers reopening, with distancing measures in place
Mask-wearing, Plexiglas barriers, frequent disinfecting and no-touch browsing are some of the measures being put in place by retailers as Quebec eases measures to contain the spread of COVID-19.
IKEA launches 'Click and Collect' feature for contactless shopping
The Click & Collect service is to ensure minimal contact between the staff and customers', when the customers arrive to collect the products from the store. Currently, this facility is only available Hyderabad
Most agritech start-ups have seen a V-shaped recovery: Omnivore’s Kahn
Omnivore, the largest agritech-focussed venture capital firm in the country, has continued to make fresh and follow-up investments in two dozen Indian startups despite the crisis triggered by the Covi
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent
Renault must join French-German battery project: minister
Paris: Renault will have to join a French-German project developing batteries in order to receive a five billion euro ($5.4 billion) government rescue loan, Finance Minister Bruno Le Maire said Monday.
CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi
The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.
Tanzania finally allows export of mineral concentrates
The government has issued an export permit for all the 277 containers full of gold and copper concentrates which had been held in Dar es Salaam since 2017.
Dublin-based Buymie expands its online supermarket to the UK via partnership with Co-op
Irish startup Buymie, the personalised online grocery delivery provider, has teamed-up with major supermarket Co-op to offer same-day home grocery deliveries and full personal shopping services across Bristol as a first UK city deployment. We featured Buymie this month in our list of 10 online super
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say
The stylists worked at a Great Clips hair salon in Springfield, Missouri, between May 12 and May 20 while symptomatic.
Germany's top court to rule on compensation for Volkwagen 'Dieselgate' scandal
Almost five years after Volkswagen's admission to cheating on regulatory emissions tests involving millions of cars, Germany's top court will on Monday finally rule in a battle over compensation for…
‘Godzilla,’ ‘Star Wars’ And The Most Infamous Memorial Day Box Office Disasters
'Solo,' 'Godzilla' and the seven biggest big-budget whiffs to strike out on Memorial Day weekend.
Jet Airways offers two Boeing aircraft for evacuation of stranded Indians
Jet Airways could supply up to four aircraft for evacuation missions within a reasonable period of time.Jet Airways has been grounded for a year due to lack of funds
New rules of personal finance: How COVID has changed income, spending, saving, investing
In the new world, across segments, income has vanished, reduced or has settled at a new low. The risk to income means families have learned to cut back on spending. Saving and investing are in the background as activities that represent a forgotten luxury.
Restaurants thrilled to open
“Be A Tourist in Your Own Town” is a 10-part collaboration between Castanet and Travel Penticton, highlighting ways to enjoy the city. Watch for it every Monday morning.
Online games could be source of money laundering, B.C. public inquiry hears
A public inquiry into money laundering in British Columbia has heard that cash is still king but cryptocurrencies and other virtual trade could rise as a trend.
FALSE: Madagascar President says WHO offered $20M to poison virus cure
Madagascar President Andry Rajoelina did not make this accusation
Back to the future on class actions
The government's move to impose controls on litigation funders takes the industry back a decade.
Biden wants Amazon to 'start paying their taxes'
Former Vice President Joe Biden has renewed his criticism of e-commerce giant Amazon, once again turning the company into a political football that has been kicked around by presidential candidates on ...
The impact of COVID-19 on Africa
Global solidarity with Africa is an imperative.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
Pandemic delivers R943m revenue blow to Netcare
Costs for PPE escalate to R850m as group bolsters its supply ahead of virus peak.
Indian Motorcycles Offering Discounts Of Up To Rs 6.7 Lakh
The discount is valid on select BS4-compliant motorcycles manufactured in 2019 that are registered by the company in Haryana and under the company’s own name
JetBlue Airways: Beware The Pending Capital Raise
JetBlue's 1Q commentary points to an April trough. I am less confident about JetBlue leading a recovery given its exposure to the Northeast. The ~$750 million c
Avoid low-interest COVID-19 personal loans, unless strapped for cash
This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals
Australia gives companies a six-month break from earnings forecasts
Australia gives companies a six-month break from earnings forecasts
A longer JobKeeper will keep people in fake jobs
Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.
An office designer explains how workplaces will change after the coronavirus – and, yes, hot desking is dead
When it’s all said and done, hot desking will be the least-mourned casualty of the coronavirus.
Fed Chiefs Speak: Reading Between The Lines
On May 20, 2020, three state Fed chiefs spoke independently on what they expect the economy to do in the near future. I thought it'd be a great idea to reconcil
Nokia’s factory in India shuts down temporarily after employees test positive for COVID-19 *UPDATED*
Currently, most of the countries are fighting against COVID-19 and are trying their best to control it, and so is the situation in India. Even the industries are also finding it hard to come back t…
TCL Commits To One Major Android OS Update
TCL is promising one major Android OS update. Their current range of phones ships with the current version of the operating system, Android 10. TCL is
Jobless benefit requests by Portugal's young spike 52% during pandemic
LISBON (Reuters) - The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday
Japan lifts coronavirus state of emergency in all remaining areas
TOKYO — Japanese Prime Minister Shinzo Abe lifted a coronavirus state of emergency in Tokyo and four other remaining areas on Monday, ending the restrictions nationwide as businesses begin to
Hindalco helps S’pur women earn living
When the Covid-19 pandemic is turning life upside down and leading to widespread job losses, a group of dedicated women in Sambalpur district have insisted on efforts in empowering themselves financially with the support of the Hindalco. These women from Hirakud have already prepared more than
Walmart - Impressive, But Not Impressive Enough
Walmart has seen specular first quarter numbers, but more so in terms of sales than actual profits. E-commerce sales grow rapidly, yet this same trend, stores d
Landlords worry about COVID-19 impact on commercial properties
Maureen Ihua-Maduenyi Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, a new report has said. The rep...
No crying over spilt milk as advisers focus on Virgin bid
Jayne Hrdlicka could be Virgin's next CEO or chairman if Bain is successful in its bid for the airline. Interestingly, she's still on the payroll of her former employer.
Brand loyalty no more? Regional brands take larger pie in times of Covid
Local products gain market share as bigger FMCG companies struggle with supply chain issues
MP's plea to help Young Farmers
An MP has called on the Government to give a share of a new £150 million fund for charities to Young Farmers' clubs in Shropshire, saying they are on course to lose £50,000 this year due to the coronavirus outbreak.
L3Harris Technologies: Steady Growth Yet Insulated From COVID-19 And The Economy
The recent merger of L3 Technologies and Harris Corporation created synergies that are driving cost savings and increasing margins. As a defense contractor, the
Coronavirus impact: Time for employers to up skill employees
For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills
Health group, community center get $48M endowments in Maine
A health group and community center will receive a combined $48 million in endowments to grow services for central Maine.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.
Yovel: Property rights along with equal opportunity - Judaism
Man should have exclusive right to hs own property, but he should also have the opportunity to start afresh.
Closed mosques, no hugs: Subdued Eid celebrations in India as Coronavirus grips nation
With religious places shut due to the COVID-19 pandemic, people across the nation celebrated a subdued and somber eid, striving to 'connect hearts' instead of embracing each other.
COVID-19 raises posers over business interruption underwriting
FOLLOWING the lockdown across the country on the backdrop of the coronavirus, COVID-19, pandemic which crippled econo
Arizona child care centers struggle to survive during virus
Less than a third of Arizona’s preschools and child care centers remain open as the industry struggles with the economic impact of the coronavirus pandemic.
Here’s the key to constructing a portfolio for what comes next
Nobody has a clue about what lies ahead, and that won’t change until we get a better sense of how the novel coronavirus will proceed from here, but a few assumptions will put things into perspective
Business owners urged to adjust to survive
MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dw...
Now, brokers cannot use PoA to transfer client shares
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity ma
RBI And MPC Should Junk Monetary Policy Calendar In Times Of Covid-19, Act Preemptively To Avert Crisis
The problem is not what the RBI will or will not do, but it is more to do with the timing.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH, West Bank (Reuters) - Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
RIL Rights Entitlement: An opportunity for retail shareholders and arbitragers
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India?
It’s an increasingly viable option for companies anxious about sourcing from China.
ETRADE Capital Management LLC Boosts Stock Position in Seagate Technology PLC (NASDAQ:STX)
ETRADE Capital Management LLC grew its stake in Seagate Technology PLC (NASDAQ:STX) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,677 shares of the data storage provider’s stock after acquiring an additional 1,289 shares during the quarter. ETRADE Capital Management LLC’s […]
Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis
Last week, German Chancellor Angela Merkel and French President Emmanuel Macron proposed that a hefty recovery fund should be set up to shore up EU economies struggling...
Germany approves 9 billion euro aid package for Lufthansa
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...
Only technology exports can secure Australia’s future
Australia finds itself at a historically significant moment. But continued heavy dependence on the export of raw materials to one significant buyer poses an existential risk to our lifestyle.
Suncor - Immediate Action Will Mean Stronger Returns
Suncor Energy is an incredibly well positioned Canadian oil major. The company's FFO / share is better than most oil majors. The company's financial health is q
Coronavirus news: N-95 mask prices fall 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit, but prices have been reduced after the advisory by the NPPA
$26M for city staff payroll
The City of Vernon has disclosed its council and staff payroll for 2019, showing over $26 million in total payments for the last calendar year.
Ikea introduces new shopping rules as 19 stores reopen to the public
The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach
“City of darkness” no longer – AfDB supported electricity project lights up Juba
The $38 million Juba Power Distribution System Rehabilitation and Expansion Project is almost completed according to a release by the AfDB.
Zulu assures SA that R350 special COVID-19 grant will be paid this week
Unemployed South Africans are desperate for the money and the Department of Social Development seems to be struggling with the distribution of the fund.
As GDPR turns two, some are doubting the Irish Data Protection Commission's ability to enforce rules
It's been two years since the European Union's General Data Privacy Regulation (GDPR) went into effect, with sweeping changes to how companies are able to handle customer data. It's also inspired similar rules that were adopted in the US, such…
Barrick pays Tanzania initial $100 million after gold shipments resume
The government had imposed a ban during a tax dispute.
P240K mj seized from ‘BoC rep’ in Malate
OPERATIVES from the Manila Police District (MPD) confiscated six blocks of marijuana with a street value of about P240,000, from a man claiming to be a 'customs representative,’ during a buy-bust operation in Malate, Manila yesterday.
Oppenheimer Asset Management Inc. Has $716,000 Stock Position in Texas Roadhouse Inc (NASDAQ:TXRH)
Oppenheimer Asset Management Inc. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 14.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,340 shares of the restaurant operator’s stock after purchasing an additional 2,163 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Roadhouse were worth $716,000 as of its […]
Sally Pipes: Coronavirus recovery — Want to help the economy? Don't do this
In a rush to help, the government risks hamstringing our economic recovery in the coming months.
Asian stock market: Bears keeping the reins as Hong Kong issue intensifies
With the US-China raw over Hong Kong bill hitting risk sentiment across the board, Asian shares remain depressed ahead of the European session on open
Montreal-area retailers reopening to public, with distancing measures in place
Many retail stores in Montreal area are opening their doors today, with customers being asked to remain spaced apart and follow hygiene protocols.
DA calls for a special inspector-general to monitor govt's Covid-19 relief fund
DA MP Geordin Hill-Lewis said previous localised disasters, as well as regular expenditure, had been lost through illegitimate procurement practices, undue cost escalation and direct theft, which made this a necessity.
Fitch sticks to AAA credit downgrade warning
Fitch Ratings has maintained its negative outlook rating on Australian government debt, despite the massively cheaper revised cost of the JobKeeper scheme.
WA should relax grip on pubs and restaurants to allow 100 patrons: Liza Harvey
WA Opposition Leader Liza Harvey wants WA to relax restrictions on pubs, restaurants and cafes by lifting the number of permitted patrons from 20 to 100 and abolishing the four-square-metre rule.
Aigen Investment Management LP Sells 75,814 Shares of Marathon Oil Co. (NYSE:MRO)
Aigen Investment Management LP trimmed its position in Marathon Oil Co. (NYSE:MRO) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,780 shares of the oil and gas producer’s stock after selling 75,814 shares during the period. Aigen […]
Inflation remote risk compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt
Kevin Carmichael: In his final speech as Governor, Stephen Poloz seeks to allay fears that the billions being pumped into the economy will lead to runaway prices
On-Chain Metrics Show Ethereum Addresses Grow 350% From 2018 Figures
Ahead of Ethereum’s move to staking after its 2.0 “Serenity” update, investment and wallet activity on the network is increasing. The protocol has received a boost in recent times, driven by both institutional and technical factors.
First Allied Advisory Services Inc. Has $402,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)
First Allied Advisory Services Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the quarter. First Allied […]
Builders push for $40k home buyer grant to stave off construction crisis - but Barr says no
Chief Minister Andrew Barr said the policy would drive up house prices.
Pitso Mosimane’s Salary At Sundowns Revealed After Contract Extension
Pitso Mosimane's salary at Sundowns now makes him the highest paid coach in South Africa and one of the most paid coaches in Africa.
Following Pressure From Trump And Pastors, California Allows Places Of Worship To Reopen With Restrictions
They will have to cap attendance at 25% and take other measures to mitigate the spread of coronavirus.
Pound Sterling Price News and Forecast: GBP/USD taking advantage of a softer US dollar and slight risk-on tones
GBP/USD is currently trading at 1.2192 and slightly higher at the start of the week. Investors remain bullish on the relaxation of lockdown measures w
Safaricom retains top position as East Africa's most valuable firm
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out
Estonia sees 20%-drop in foreign tourists in Q1
As the effects of COVID-19 spread and related restrictions become visible in quarterly statistics, in the Estonian tourism industry a drop over 20% of foreign visitors in the first quarter of 2020 has been recorded in statistics from the Bank of Estonia as quoted by ERR.
Breaking: Africa Top Brands: MTN, Dangote emerges most admired African brands
MTN, Dangote has emerged the most admired African brands at the 10th Brand Africa 100, Africa's Top Brands anniversary.
CERB payments hit $40B
A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
Theatres await further relaxing of rules to lock in return date
"We can be closed down overnight but we cannot return overnight," says MTC boss Virginia Lovett.
Stillaguamish Tribe gives $1M to food banks, fire services
“I had to do a double take,” said the director of the Stanwood Camano Food Bank, which received $300,000.
Rogers expands it Pro On-the-Go service to Ottawa
Rogers has expanded its Pro On-the-Go service to Ottawa to allow for safe contactless support and flexible delivery options.
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
Bayer shares jump on report of Roundup settlement
FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...
Tax opportunities and tax risk management strategies during a crisis
QUESTION: I have had to furlough most of my staff as my business has had very little turnover over the last two months.
HomeCapital gets fresh funding from Varanium NexGen, others
Startup helps homebuyers with a down payment assistance programme
Wirecard postpones issuing annual results again
Fintech says not all audit procedures completed and puts AGM back until August
Covid-19: Ghaziabad administration seals border with Delhi, only essential services allowed
In view of spurt in Covid-19 cases with travel history to Delhi, the Ghaziabad administration has decided to seal off its borders with the national ca
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say
A Great Clips hair salon in Springfield, Missouri, has become a potential hot spot of COVID-19 transmission after two hairstylists came into work while symptomatic, potentially exposing more than 140 people to the virus, according to local officials.
Bajaj CT 100 BS6 and Bajaj Platina 100 BS6 are among the Affordable Bikes in the Indian Market -
Due to the lockdown people didn’t buy the bikes last month, but if you are thinking of buying a new
Dan Osborne breaks social media silence to share pictures of his kids
He and wife Jac Jossa are reported to be living apart
Hospitals flush with cash got billions in coronavirus bailouts
The feds have given more than $5 billion in grants to 20 big hospital chains that already had more than $108 billion in cash.
Delhi sees season's highest power demand on Sunday
Tata Power Delhi Distribution said it met the peak power demand of 1493 MW on Sunday night.
Bharti Telecom to sell $1 bn stake in Airtel
Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.
Coronavirus impact: Toyota will resume production from May 26
Toyota will resume manufacturing operations at its plant in Bidadi from May 26 in a staggered manner to reduce the risk of contracting the Coronavirus.
Last 10 days, positivity curve begins to steepen
The latest trends come as India ramps up testing from under 30,000 daily in mid-April to over 1 lakh tests now. More than 6000 new cases have been reported for the last four days in a row.
Chinese expats deliver 1,000 ‘love packages’ to UAE workers
Community gathers round to help those affected by pandemic in Deira
Hamilton Ndlovu apologises for showing off sports cars ‘in poor taste’ during Covid-19 crisis
The businessman says reactions to the footage of his fleet of cars caused both anger and anxiety within his family and left them 'vulnerable to unnecessary attention'.
The tobacco firm that is still making a mint from menthol cigarettes: Bosses are accused of sidestepping ban aimed at stopping children smoking
Mint-flavoured cigarettes, which make up around one in four sales, were banned in Britain last Wednesday amid concerns they were luring young people. JTI launched its new range on the same day.
Wanted: Leaders who can bounce from crises
India Business News: Resilience has emerged as the most important trait in a leader steering an organisation. The last two months of uncertainty, brought on by the coronav
CREDAI seeks restructuring scheme to revive realty sector
Also wants new home loans extended at 5% rate of interest
Beximco exports 6.5 million PPE gowns to US
Beximco Group has exported 6.5 million personal protective equipment or PPE gowns to US brand Hanes for delivery to the Federal Emergency Management Agency, or FEMA.
WA should relax grip on pubs and restaurants to allow 100 patrons: Liza Harvey
WA Opposition Leader Liza Harvey wants WA to relax restrictions on pubs, restaurants and cafes by lifting the number of permitted patrons from 20 to 100 and abolishing the four-square-metre rule.
RSM, BDO staff return to the office amid strong demand
The mid-tier accounting firms say despite the downturn, clients are increasingly seeking advice, including on how to access stimulus packages.
Unease in Greece as restaurants, cafes reopen
Restaurants and cafes across Greece opened ahead of schedule Monday as the country prepared to launch a shortened tourism season vital to its economy.
Stuff bought by its CEO, MediaWorks announces mass layoffs in historic day for NZ media
Duncan Greive assesses an extraordinary morning for New Zealand’s media. In the space of a tumultuous half hour New Zealand’s media landscape has been utterly transformed, with Stuff CEO Sinead Boucher completing an audacious management buyout from its Australian owners Nine, while hundreds of st
Celeste Barber's record-breaking $51 million bushfire fundraiser cannot be split up and donated to other charities, the Supreme Court has ruled
The amount raised may have broken fundraising records, but the $51.3 million raised by Celeste Barber remains bound to the law.
Lufthansa has good prospects for future: German ministries
BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
KIBAARA: Smart food markets for the future way to go
The Covid-19 pandemic has revealed that open markets aren’t built for a crisis like this one.
Bank of America Boosts Splunk (NASDAQ:SPLK) Price Target to $208.00
Splunk (NASDAQ:SPLK) had its price objective lifted by Bank of America from $175.00 to $208.00 in a report published on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the software company’s stock. A number of other research analysts have also recently commented on the company. SunTrust Banks dropped their price target on […]
Brit teacher in Cambodia told by docs to cough up £20k or lose his infected lung
Anthony Igoe, 31, from Clydebank, Scotland, has picked up two bacterial infections while on holiday with partner Alana Fonseca, who claims insurance firm Cigna is refusing to pay
Dutch court rejects attempt to stop 5G rollout over health concerns
AMSTERDAM: A court in the Netherlands on Monday rejected a suit brought by a group seeking to halt the country's 5G telecommunications network ...
Covid-19 gulps EABL profits down by all of $28.7m
The brewer issued a profit warning following Covid-19 regulations to close bars.
Cathay General Bancorp: Upcoming CECL Adoption To Hurt Earnings
CATY has deferred the adoption of CECL, the new accounting standard for loan losses, to later this year. The adoption will boost provision expense in the remain
Punjab, MP lead the way as wheat procurement tops last year's level
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
Palm Done Right pushes #SayItOnTheWrapper campaign: ‘Stop hiding palm oil use behind unclear ingredient names’
The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator.
Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?
U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.
Post-Pandemic Economy: Great Depression or Growth Point?
Russian scientists are getting ready to submit their proposals to the Nationwide Action Plan to counter the pandemic in the Russian Federation. Which sectors of the...
Western Area grabs big stake in rival nickel miner
There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.
Malls lose Rs 90k cr in 2 months: SCAI
IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t
Swiss National Bank Boosts Stake in Teladoc Health Inc (NYSE:TDOC)
Swiss National Bank lifted its stake in shares of Teladoc Health Inc (NYSE:TDOC) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 133,400 shares of the health services provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Teladoc Health were worth $20,678,000 at the end of […]
Volkswagen ordered to compensate motorists in landmark ‘Dieselgate’ ruling
A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home mar…
Business sentiment rises but Covid-19 concerns persist
‘Nobody is losing the run of themselves’ but they see light ahead, says Bank of Ireland
Southern Company: Still A Stock To Own?
In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.
CFA 'never sought' slice of Celeste Barber's $51 million fundraiser
Court rules that $50 million raised by comedian cannot be given to groups other than the NSW Rural Fire Service, but Victoria's CFA says it never lobbied to receive a share
Never let a good crisis go to waste: How our food sector can save NZ's economy
The world will always need food, and New Zealand is enviably positioned to capitalise on this, writes future foods expert Rosie Bosworth – but we need to take a few big steps first. It’s a bittersweet moment for New Zealand. As a nation we’ve collectively worked hard to successfully flatten the
SolarWinds: The Winds Will Change To Lower Revenue Growth For The Next Several Quarters
SolarWinds reported a strong Q1 with revenue growing 15% to $248.5 million, well above expectations for $240 million. Management provided Q2 guidance which only
Regeneron to buy back $5 billion stake held by Sanofi
(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.
EU to announce green strings for post-pandemic funding
The European Union is due to announce economic recovery plans which could be up to one trillion euros and wants to pull Europe out of the crisis with green measures.
India Inc goes back to work with safety measures, strict 'no AC’ rule & plenty of social distancing
These business leaders share the protocols they have set in place as they reopened their workplaces.
HomeToGo CEO: Why COVID-19 Will Change Summer Vacation, But Not Cancel It
HomeToGo Co-founder and CEO Patrick Andrae talks about how COVID-19 has changed consumers' appetites for travel and vacation rentals.
Could now be a good time to buy a house? Suffolk housing market after coronavirus explained
A leading Suffolk estate agent has explained why now could be a good time to buy a house for some people – but has warned that, for others, things could be more difficult.
A $313 Million Jackpot Prize Could Be Won By A Player From India!
Winning a multi-million dollar jackpot is the dream of lottery fans across the globe. Mega Millions is now offering players a massive $313 million (₹23.7 billion) jackpot prize, which is currently
Safaricom retains top position as the most valuable firm in the region
It has a market capitalisation of $9.96b, a net income of $598m and $10b worth of market value.
Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
Job searches for remote work jump 377% during February-May
In wake of the coronavirus crisis, job searches for remote work in India have soared over 377 per cent during February to May, reveals a recent report by job portal Indeed. Job seekers are ready to take a salary cut in order to have access to remote worki
Ontario used auto dealers expect tough year ahead, prices already down
A new survey of Ontario used auto dealerships shows the market is already under pressure with more pain likely to come.
Prince Harry and Meghan Markle's Frogmore deal revealed: Couple began paying back £2.4m for cottage renovations only after Prince Charles agreed to foot bill for their security in US
Harry and Meghan pledged to reimburse taxpayers for renovating their briefly lived-in Windsor home, which they have insisted on keeping as a British base despite their move to Los Angeles.
Toyota Kirloskar Motor to resume manufacturing operations from May 26
The company officials are closely monitoring and evaluating the situation to gradually ramp up operations, the company added.
Zimbabwe govt makes policy shift on cannabis farming
The government of Zimbabwe has announced a change in the policy that governs the investment and production of medicinal cannabis in the country.
NNPC lists parameters for employment, career progression; makes new top appointments
Explaining the parameters, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the basic academic requirement for newly employed Graduate Trainees in the corporation is a minimum of a Second-Class Upper Division or an Upper Credit for Higher National Diploma certificate holders
Why Africa can’t afford further delay on AfCFTA -- AFREXIMBANK
The devastating impact of the coronavirus pandemic on Africa’s economy has shown that the continent can ill-afford a further delay in the implementation
Blues confirm exits for David Stockdale and Cheick Keita
Goalkeeper David Stockdale and winger Cheick Keita have been told they are leaving Birmingham at the end of June.
Mexico can benefit from Chinese economic slowdown, Lopez Obrador says
MEXICO CITY, May 25 — A slowdown in China’s economy this year should allow Mexico to attract more investment, lure companies and create jobs, Mexican President Andres Manuel Lopez Obrador said today. Speaking at a regular government news conference, Lopez Obrador pointed to forecasters’...
Man Utd could lose Odion Ighalo next week as Shanghai Shenhua want him back
The Chinese Super League season is due to start next month and talks over extending Ighalo's loan contract have reached a standstill between United and Shenhua
oMalayitsha call on Government to provide special permits
CROSS border transporters popularly known as oMalayitsha have called on Government to assist them with special permits which will ensure smooth passage of their...
Disney+ Gains 2 Million Oz Viewers In First Four Months
According to the latest data from Roy Morgan, Disney+ had attracted 2 million viewers in Australia by end-March, only four months after the streaming service entered the local market.
Tokyo stocks rally on hopes for economic restart amid pandemic
Tokyo stocks rebounded Monday on hopes that Japan's economy will soon restart as the government is set to lift a state of emergency in the capital declared over the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 353.49 points, or 1.73 percent, from Friday at 20,741.65. The broader Topix…
Precious Metals: Panic Buying Is Unsustainable
Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat
Bitcoin Cash Cryptocurrency Does “Not Look Healthy” After April Halving: Analyst
Just over a month prior to the Bitcoin (BTC) block reward halving on May 11th, forked cryptocurrency Bitcoin Cash (BCH) experienced its first-ever
3rd batch of US locomotive to arrive Alexandria in June
The third batch of 20 U.S. locomotive will arrive at Alexandria Port after Eid al-Fitr vacation, at the beginning of June.
Normal People's Paul Mescal Is Raffling Off A Personal Chain For Pieta
Normal People star Paul Mescal is raffling off a chain to raise money for Pieta.
South End restaurants successfully start to reopen dining rooms at half capacity
“Historically Memorial Day Weekend you’re not that busy, but we were busy,” Suffolk Punch general manager Shan Sheheane said.
Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks
This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d
Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Unlike many other Russian O&G companies, Surgutneftegas decided to cut its dividends. Earlier, the company's earnings for 2019 crashed by 8 times. From this per
New Zealand's media firm Stuff to be sold for a single dollar to its CEO
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists
ETRADE Capital Management LLC Has $597,000 Holdings in Lithia Motors Inc (NYSE:LAD)
ETRADE Capital Management LLC increased its position in shares of Lithia Motors Inc (NYSE:LAD) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after purchasing an additional 708 shares during the period. ETRADE Capital […]
Reg A+: Groundfloor Seeks Up to $10 Million in Series B Funding Round
Groundfloor is turning to SeedInvest to raise additional growth capital. Groundfloor has posted an offering page for indications of interest and, as
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.
Government warned economy could fall off a cliff in September without more stimulus
Consumers are spending more money, but economists warn Australia could fall off a financial cliff in September without more stimulus measures.
Nissan, Renault to disclose plan to slash production due to Covid shutdowns
The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022
Ethics officer gives Colin Graves clean-chit after Manohar’s loan violation complaint
ICC Ethics Officer has given clean-chit to Colin Graves after thoroughly examining Shashank Manohar’s doubt of ECB trying to manipulate ICC election result. A BCCI official has further stated that it was malpractice played by the current ICC Chairman to remove a contender from the role.
SA wine industry still reeling from effects of exports ban
Wine exports were prohibited for five weeks during the strict national lockdown under level 5.
Home, auto loan borrowers top beneficiaries of moratorium relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment
Prices of N-95 masks down by up to 47% after NPPA advisory
N-95 masks were earlier being sold in the market for Rs 150 to 300 per unit and after the advisory by the the National Pharmaceutical Pricing Authority (NPPA), prices have been cut.
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Benje Patterson casts an eye over the entrepreneurial spirit that saw 3,136 businesses started across New Zealand during April when the country was in lockdown
Celeste Barber’s $51 million bushfire money must stay with NSW RFS
Money raised by Celeste Barber's bushfire campaign cannot go to other charities or states, but can be given to injured firefighters, a judge has ruled.
Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
Toronto stock market rally led by cannabis while U.S. stock markets closed
Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
SSI’s The Specialist now ready to assist shoppers
Upscale retailer SSI Group launches its concierge service, dubbed The Specialist, to assist customers shopping at home.
The changing face of the billionaire classes
Is Europe becoming more American in its wealth creation as the US becomes more European?
Old-fashioned milkman makes the rounds as US shoppers stay home
South Mountain Creamery says it saw an almost tenfold increase in new home delivery customers over a single weekend in late March when stay-at-home measures due to the COVID-19 pandemic started in the region.
Covid-19 Will Make Colleges Prove Their Worth
Online education should come at an online price.
NAB's rod for its own back
NAB will reveal the results of a share purchase plan that might be heavily oversubscribed on Wednesday.
Singaporean cooks up Eid feast for migrant workers in lockdown
As Muslims around the world celebrate Eid al-Fitr to mark the end of the fasting month, thousands of migrant workers in Singapore have had to spend the holiday in quarantine because of outbreaks of the novel coronavirus in their dormitories.
Facebook role play groups offer a mundane escape from the pandemic
In 'A group where we all pretend to work in the same office,' Karen still needs help logging in.
NCDEX launches agriculture index futures, trading to start on Tuesday
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Asian stocks subdued after China imposes new law on Hong Kong
Global financial markets already struggling to deal with huge economic uncertainty
Wasteland 3’s second dev diary dives into the story and characters
Last week, inXile Entertainment released the first dev diary for Wasteland 3 and in it focused on combat gameplay and character customisation. This week, a second dev diary has been released and this
EUR/USD: Time to buy a ticket for the 1.20 level – Nordea
It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke
Ministry discloses updated Egyptian petrochemicals plan 2020-2035
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
India looks to store cheap oil in United States: Oil minister
India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India's plan could be similar to a
Group alleges fresh evidence of N25 billion spending on imaginary road repairs by NDDC
Fresh allegation of extra-budgetary spending is rocking the Niger Delta Development Commission (NDDC) as a group has accused the agency of spending N25 billion on regional contingency road repairs not appropriated for in the 2019 fiscal framework.
More than 1,000 pubs have an interest in FBD ‘test case’, court told
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
South Carolina teen creates business to help with mask shortage caused by COVID-19
A South Carolina teen decided to start his own mask business to help with the shortage caused by COVID-19.
Delhi gas operators seek tax relief, loan restructuring to deal with lockdown impact
Pummeled by evaporating demand and fall in business due to the lockdown, city gas operators such as Adani Gas, GAIL and Torrent Gas have sought tax relief and loan restructuring to tide over
EU eyes first face-to-face summit in months to haggle over budget
EU eyes first face-to-face summit in months to haggle over budget
Business gives Ramaphosa’s plan to reopen economy the thumbs up
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
Dog owner is killed while running into burning house to save her six puppies from inferno after saving three but succumbing to smoke while trying to rescue rest
Michelle Mirasol, 36, and her family fled the single-storey property when flames started in Bacolod province, the Philippines, on Thursday. Ms Mirasol ran back inside the home to free six caged puppies.
'We have to ration our meals': Malaysians share their struggles after COVID-19 left them jobless
CNA spoke to five Malaysians who were left unemployed because of the COVID-19 pandemic. It has been a daunting experience having no income to make ...
CUNY teachers face ax as $115M in coronavirus budget cuts loom
City University colleges are rolling out plans to slash their adjunct teaching staffs as the system faces a nearly $150 million cut in aid thanks to the coronavirus budget crises at City Hall and in
Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends
The owner of Reed has warned job losses could sweep across the country once the government's furlough scheme ends at the ends of October. More than 6m people have signed up to the scheme.
Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform
The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.
Farming column: Welcome dairy support for farmers
We have welcomed the Westminster and Welsh Governments' announcements to help support dairy farmers overcome the impact of the coronavirus outbreak.
Gyms flex legal muscle in lawsuit against Michigan Gov. Whitmer to lift coronavirus restrictions
Gym owners in Michigan have lawyered up in their battle against Gov. Gretchen Whitmer over state-imposed restrictions meant to stem the tide of the coronavirus.
Vizag gas leak: Andhra Pradesh HC directs to seize premises of LG Polymers
"The premises of the Company shall be completely seized and no one will be allowed to enter including the Directors of the Company," the Court directed
Garbage generation rises again with resumption of activities in Doon
The garbage generation in Dehradun which had dropped by about 35 per cent during the initial phases of the lockdown has started to increase once again. During the complete lockdown, all the commercial activities like shops selling non- essential products and services, private offices and other
Deploy Bear Call Spread strategy in Nifty as weakness expected to continue
Sideways move can be expected with the negative bias as we have seen bearish reversal on the chart twice in the last few days.
EU must present united front to shield pandemic-hit banks: regulator
EU must present united front to shield pandemic-hit banks: regulator
Facebook shareholders urged to rebel against Zuckerberg
Facebook shareholders have been urged to pressure the company to remove Mark Zuckerberg as chairman.
Polk CARES funding on its way to help small businesses
Help is on the way for small businesses in Polk County, as the first checks for the Polk CARES 2020 funding were mailed out Friday.
Lufthansa says Germany approves stabilization package
Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...
Firms invited to virtually network
Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.
One-stop spot for fresh vegetables
SHILLONG: Defying the lockdown’s topsy-turvy effect on trade and commerce, the small vegetable growers from various hamlets around Upper Shillong area have created a makeshift market in downtown Shillong which is turning out to be one-stop spot for d
Ab ki baar, Atmanirbhar: Modi’s mega package is an economic masterstroke
Pandemics, in the past, were notorious for taking away lives. But, coronavirus, or Covid-19, has snatched away livelihood too. With the global economy suffering from an unprecedented crisis, India, which is under lockdown from the last week of March, is no exception. Continue Reading →
Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020
On May 22, the Sensex had ended lower by 0.84 per cent and Nifty was down 0.74 per cent. Domestic … Stock, Forex, Commodity, Currency Markets Shut For EId-Ul-Fitr (Ramzan) 2020 Read More »
Michiganders hold $50M in unredeemed bottle, can deposits
Fifty million dollars is a whole lot of dimes.
A fleet of these quirky-looking bikes will soon be hitting the streets of Nottingham
The cycles are already popular in Holland, Germany and Denmark
'Need more stimulus with focus on GST cut, wage support, higher MNREGA spend'
With more rate cuts expected, we expect bond yields to remain soft in the near term.
COVID-19: Is this the end of the road for Renault?
Pandemic puts the French brand's 122-year history at stake...
What options are available for ethical investing?
Shariah-compliant funds and ESG investment products are among the choices available to you.
India may register recession in third quarter of this fiscal: Report
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
Parliament committee wants TTCL audited over unclear debts
The Parliamentary Public Accounts Committee (PAC) has called for a thorough management audit of the Tanzania Telecommunications Company Limited (TTCL) to establish areas of reform that would improve
Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
Four strategies for rapid innovation during a crisis
The Covid-19 crisis has induced a sense of urgency for product innovations. As a vaccine or drug for the disease remains many months away, there is a surge in demand for ventilators, testing kits, pro
KBC staff sue over pension funds
Broadcaster says it’s unable to pay the sum at once.
Dancing with disinfectant: China's nightclubs back in the groove
Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks
Flash Australia PMI Signals A Further Slump In Business Activity During May
Flash Australia PMI at 26.4, signalling another steep decline in business activity. Slumping demand accompanies the fall in output. Job losses continue at marke
OH SHIT: White Claw, The OG Dumb Bitch Juice, Is Finally Coming To Oz
Don't freak out but White Claw hard seltzer is coming to Australia from October, so I guess that'll be our drink of choice this summer.
HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days
Trade body advises members to only export to countries which have announced stimulus
Vedanta’s delisting plan: What choice do shareholders have?
The price of ₹87.5 per share indicated by the company may be too low; but investors have the choice of placing their bids higher
Sberbank: The Downside Is Limited
As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe
Kovalska office in Kyiv is decked out with humble building materials
Artem Trigubchak and Lera Brumina used concrete slabs, sand and paving stones to create the furnishings and walls inside Kovalska's Kyiv office.
There’s a 77% Chance Bitcoin Trades Above $9,200 This Week: Market Study
Bitcoin may still be up 135% from March's lows, but the cryptocurrency's technical outlook is far from bearish.
Now shop on Facebook
Facebook Shops is a unique way to bring small businesses and users together
City lawyer sends notice to civil aviation minister
Says airlines flouting norms by retaining the amount paid for tickets cancelled due to lockdown; notice says airlines sitting on passengers’ money and earning i
Atlassian has released its COVID-19 survey to the public, as it encourages other organisations to use surveys to find how workers are coping with the pandemic
Software giant Atlassian has been using an internal survey tool to help determine how employees have been feeling as they work from home during the coronavirus pandemic. The survey has helped the company see what its workers need and what it can do to support them.
Book sales soar as French lockdown eases
A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.
Lockdown casts shadow on Id
Festivities restricted to families; the spread at the dining table too was simpler
Coca-Cola Amatil sales plunge on widespread COVID-19 lockdowns
A full month of lockdowns has severely disrupted what are traditionally peak trading periods of Easter, Anzac Day and Ramadan for the drinks giant.
Europeans Save Less, Spend More As Economy Lags
European consumers are saving more to safeguard against the pandemic economy, which analysts say will hinder economic recovery.
Angel investors examine exit options in Egypt after end of holding period
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
Five business groups urge Ford to halt commercial evictions amid COVID-19
Five businesses groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief
In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive
Air New Zealand reopen Koru lounges: What airport lounges will be like after coronavirus pandemic lockdown
New hospitality rules designed to prevent the spread of Covid-19 will make lounges a different experience for travellers.
Interim victims' commissioner will consider his 'situation' over damaging leak
The Interim Victims' Commissioner said he will consider his "situation" if he is found to be culpable for a major data breach which led to hundreds of victims of historical institutional abuse having their identities exposed.
Lotteries need a loan
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Pay Cut Law Failure: Remuneration Authority Refuses To Use New Powers
The Remuneration Authority’s refusal to cut salaries for councillors and mayors paid under $100,000 makes a joke of the Government’s much-vaunted pay cut legislation, says the New Zealand Taxpayers’ Union.
Hong Kong Restaurants Are Going to Great Lengths to Protect Diners From Coronavirus. Here’s What They Could Teach the U.S.
Hong Kong hasn't recorded a cluster of coronavirus cases related to restaurants since late March. Here's how eateries are protecting customers
Farmers, ranchers adapt to new eating routines amid pandemic
“We woke up one day, and all the restaurants were closed. All of them,” said Felix Florez, the owner of Black Hill Ranch, a hog farm in Cypress. Just like that, the coronavirus pandemic changed his bu
Japan's Uniqlo to make masks using underwear fabric
TOKYO — Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.
Covid-19: FSSAI extends deadline for compliance norms for traditional sweets
In a relief for traditional sweet makers, the Food Safety and Standards Authority of India (FSSAI) has decided to extend the deadline for enforcement of certain mandatory compliance norms for non-pack
CRA extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Vermilion Energy CEO’s departure signals return to conservative roots
Return of co-founder as executive chairman comes with greater focus on balance sheet
Alibaba Drops After Projecting Slowing Growth in Uncertain Times
Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.
Oliver Mangan: In the absence of a vaccine, economies are going to need all the help they can get
Survey data that are beginning to come through on the main economies for May warrant careful interpretation.
PCCI supports cut in corporate taxes
The Philippine Chamber of Commerce and Industry said it strongly supports the immediate passage of the Corporate Recovery and Tax Incentives for Enterprises Act which was formerly known as the Corporate Income Tax and Incentives Reform Act.
FMF, others list strategies to curb impact of coronavirus in real estate
Following the impact of the coronavirus pandemic on the real estate sector, stakeholders including five chief executives in the mortgage finance industry have move to cushion the effect on the average Nigerians seeking decent and affordable housing in the country.
Delivery App Fee Caps Introduced As Restaurants Rebel
Fee caps have been introduced to protect restauranters that use a delivery app as reported by NBC. Coronavirus has hit the hospitality industry hard with
Long lines outside NYC bike stores as people avoid public transportation
Forget Trader Joe’s — long lines are snaking around the corners of Big Apple bicycle stores as transit-averse New Yorkers seek a safe way to get around during the coronavirus
Test Research upbeat about 1H20
Test Research (TRI), which provides automatic test and inspection tool solutions, has landed a pull-in of orders for networking and server applications since the fourth quarter of 2019. The order pull-in momentum is expected to persist throughout the first half of 2020, according to the Taiwan-based company.
New payment to support Kiwis through COVID
Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development
We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik
Significant uptick in essentials; salience for larger-size packs
Bollywood news on May 25: Amitabh, Aamir wish fans on Eid-ul-Fitr and more
Sonam Kapoor, Sara Ali Khan, Priyanka Chopra and other Bollywood celebrities have extended wishes as the country celebrates Eid today.
Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%
The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.
Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer
Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Bushfire-hit Australians still in tents as virus slows recovery
Victims of Australia's catastrophic bushfires are still living in tents, garages, and makeshift shelters months after the blazes ended, with efforts to rebuild their lives hampered by the coronavirus pandemic.
Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr
Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.
Win wants Meralco to issue more transparent electric bill
SENATOR Win Gatchalian has urged the Manila Electric Company (Meralco), the country’s largest distribution utility, to come up with a separate bill that is more transparent and will be very clear to the consumers, following mounting complaints of sudden surge in supposed electricity consumption for the month of May.
Police arrest four for murder of youth
Accused wanted to take revenge on father of the victim
[ANALYSIS] Why make the poor pay for the coronavirus response?
'It’s all a bizarre repeat of TRAIN where the poor are made to pay more so the rich can pay less. This time around, amid the COVID-19 crisis, the rich will benefit from the biggest corporate tax break in Philippine history.'
New emissions blow for VW as German court backs damages claims
KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
Electric Cars For Beginners: 5 Silly Reasons To Buy A Tesla Model 3, Chevy Bolt Or Any Electric Vehicle
Consider this: an electric car is practically maintenance free.
Plant-based 'meats' catch on in the COVID-19 pandemic
Meat industry's troubles may have provided a boost for plant-based meat substitutes
Only a Few Hedge Funds Made Money in March and April. Here’s How
Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.
'It's kind of glum': US farmers worry as crop prices dip
Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground.
Hundreds of people queue for hours to buy Tango Ice Blast drinks during lockdown
Witnesses said people were waiting for two hours and cars queued around Cibyn Industrial Estate in Caernarfon , North Wales, as they waited to buy a drink from the Tango Ice Blast van
Vendors evicted from Mulungu landing site
The increased water levels in Lake Victoria left the market submerged, posing a health challenge to traders.
Hard times for Boeing, long a symbol of American might
Boeing, a longtime symbol of American industrial power, was unable to raise the funds to finance its business.
Bharti Telecom to sell $1 bn stake in Airtel through block deal
IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco
‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’
The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.
Shareholders set agenda for new SEC management
SHAREHOLDERS in the nation’s capital market have placed the 10-year Capital Market Master Plan, CMMP, on the front b
Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%
SmartCentres, SNC and Telus see insider buying
German court ruling clears way to settle VW diesel cases
The decision affects some 60,000 individual claims brought by car owners in Germany.
Children Hit By Cyclone Amphan Even More Vulnerable To COVID-19
Children in India and Bangladesh are even more vulnerable to COVID-19 after Cyclone Amphan destroyed the homes and livelihoods of thousands of families.
China's Tablet PC Market Report For The First Quarter Of 2020
The epidemic has affected all manufacturers. But the most affected tablet PC maker is Lenovo. Huawei still ranks first with a market share of 40.2%.
Canada's banks to cement status as solid investments in a crisis
(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal
Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19
French carmaker Renault could close plants and cut jobs, says union
PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...
Five Below: Growth At A Reasonable Price
Management estimates the market can handle 2,500 stores. At recent prices, there is an opportunity to buy growth at a reasonable price. We see potential for a 2
Square: Soon To $100/Share And Beyond
Square's Cash App has seen explosive growth, expanding its ecosystem of services. My discounted cash flow valuation model suggests that shares have further upsi
Bank of Baroda to move Karnataka high court to restrict NMC founder BR Shetty from selling assets
Earlier this month, a session court in Bengaluru had frozen the asset of the founder of the NMC Health group, restricting BR Shetty and his wife from selling or transferring properties
Germany stamps authority on Lufthansa with $9.8 bln lifeline
FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.
IndexIQ Advisors LLC Buys Shares of 10,279 KB Home (NYSE:KBH)
IndexIQ Advisors LLC bought a new stake in KB Home (NYSE:KBH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,279 shares of the construction company’s stock, valued at approximately $186,000. A number of other hedge funds also recently modified their holdings of KBH. […]
Oil steadies as demand uncertainty tempers supply cuts
Brent had eased by 5 cents, or 0.14 per cent to $35.08 a barrel by 1014 GMT
Coronavirus: West African farmers count losses, fear for worse - Report
The farmers say the response to the pandemic has affected everybody because all activities have slowed down
M&M organises service support for its vehicles on essential services
Also comes up with finance schemes for frontline staff
Mike Tyson confirmed for AEW Dynamite after confronting Jake 'The Snake' Roberts
The Baddest Man On The Planet is coming to Dynamite.
China's Great Wall expects mild domestic auto sales growth in second half
BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Invesco Ltd. (NYSE:IVZ) Position Boosted by AE Wealth Management LLC
AE Wealth Management LLC increased its holdings in Invesco Ltd. (NYSE:IVZ) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,084 shares of the asset manager’s stock after buying an additional 3,696 shares during the quarter. AE Wealth Management LLC’s […]
Bankers Stay Home as South Africa Inc. Prepares Return to Work
Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week.
The new rules that could be in place in all Irish barbers and salons when they reopen
When Irish barbers and salons reopen they might not operate like before.
Time to hike edible oil import duties: SEA
As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p
Mindanao's trademark abaca paper is now a face mask
Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks
Mubadala to manufacture medical supplies in UAE
Bupa Arabia for Cooperative Insurance has partnered with the Ministry of Human Resources and Social Development to distribute 3,000 food baskets among underprivileged families, which are registered with the ministry’s Social Welfare and Family Welfare Agency. The initiative comes in line with the spirit of Ramadan, a month of giving, and in response to the COVID-19 outbreak.
Hacker extorts online shops, sells databases if ransom not paid
More than two dozen SQL databases stolen from online shops in various countries are being offered for sale on a public website. In total, the seller provides over 1.5 million rows of records but the damage is likely much larger.
Mike Tyson to get $20 million contract offer to return to boxing, report says
Mike Tyson might actually make a comeback to the boxing ring.
Senior markets operative jumps ship to MST Financial
Gerard Satur's MST Financial has made another high-profile hire.
RoboForex Expands Crypto Offering, Adds ETH/BTC and LTC/BTC
RoboForex has expanded its cryptocurrency offering by increasing the number of crypto pairs available for trading to include ETH/BTC and LTC/BTC.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH — Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.
Short-term rates fall by 30 bps, ease working cap stress
Corporate bond yields dipped 10-25 bps while CP rates plunged up to 20-30 bps lower than levels seen earlier before the impromptu central bank policy announcement last week, dealers said.
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Sanity, at last, in government’s lockdown plan
Compare the draft regulations leaked over the weekend to the original “framework for sectors” published for comment and it's clear that these are level 3 in name only; we’ve all but skipped right to level 2.
The Gold No-Brainer
What Eric Fry is seeing as the four catalysts pushing gold's price higher. Make sure your portfolio has exposure to the yellow metal now.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
Hamilton City Council Wants To Fix Pay Errors
Hamilton City Council is the latest big business moving to rectify errors in Holiday Act payments.
Citi warns that coronavirus may push 31 million women into unemployment and knock $1 trillion from world GDP
Global GDP could shrink as much as $1 trillion if a predicted 31 million women lose their jobs during the coronavirus pandemic, Citi has warned....
Confusion prevails over online sale of liquor
No online service providing agency will be entrusted with liquor trade. Liquor shop owners will take orders from 7 am to 1 pm and deliver the product home within 7 pm.
Former GOVT Accountant-General dies, family suspects foul play
Former Finance ministry’s Accountant-General Daniel Muchemwa has died, Zim Morning Post can reveal. He passed on Sunday morning at Dandaro Hospital in Borrowdale, Harare.
Still A Lot of Value in Corporate Bond Market
Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c
Uganda starts exporting mobile phones
The company, which employs 400 workers, is currently assembling and manufacturing 2,500 phones per day but has plans to double its capacity and recruit more workers....
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW – Seeking to appeal to patriotic Poles, local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as homegrown, Poland’s anti-monopoly office said on Monday, as it launched an investigation.
Campari: Stock Is Too Expensive As Restaurants Remain Closed
First impact from COVID-19 could be seen in Q1 results, where profit halved compared with the same period last year. Further drop in sales and profit is expecte
Americans Are Rushing To Book Vacations In Re-Opened States
The uptick is also good news for the states, as taxes from these rentals can be a large revenue source for states
Reverse migration to villages has set economy back by 15 years, says JNU professor
India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra.
Report From Italy – How Consumers Act As Retail Reopens
I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.
Ramzan celebrations muted
Celebrations on Eid-ul-Fitr, popularly known as Ramzan, were subdued with no mass prayers in any part of the central region on Monday.Hundreds of Muslims usually congregated at idgah grounds and mosqu
The Arrival Of The 'Unavoidable Pension Crisis'
I wrote an article in 2017 discussing the “Unavoidable Pension Crisis.” At that time, most did not understand the risk. Since then, the situation has continued
Albemarle Co. (NYSE:ALB) Shares Acquired by Swiss National Bank
Swiss National Bank grew its holdings in Albemarle Co. (NYSE:ALB) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,607 shares of the specialty chemicals company’s stock after acquiring an additional 77,400 shares during the period. Swiss National Bank owned about 0.39% […]
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao
Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o
Reliance launches JioMart online grocery service, challenging Amazon and Flipkart
Reliance has launched an online grocery service, JioMart, in a move aimed at rivaling Amazon's local unit and Walmart's Flipkart in India.
EU must present united front to shield pandemic-hit banks: regulator
FRANKFURT (Reuters) - European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Tech This Week | Advertising a tax on the poor, pandemic going to exacerbate it
Many don’t have jobs now but the book Poor Economics says they could trade off a little food for entertainment. So they’ll bear the brunt.
Israel shows love to Nigerian Muslims ahead of Ramadan celebration
The Israeli embassy in Nigeria has shown love and kindness towards the country as the nation battles with the deadly coronavirus. They gave out food packages.
Air New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus pandemic, but had slashed costs to the extent it had not yet needed to draw down on a government loan.
Virus obstructs US and UK bids for $800m South Korea helicopter deal
Travel restrictions and spending cuts muddy defence sector outlook
AusPost temporarily digitises mailrooms of 40 govt, finance firms
Creates 'basic' service for customers that couldn’t operate internal mailrooms.
Business Cheers Plans to Reopen South Africa’s Economy
South African business leaders lauded the government’s plan to substantially ease a nationwide lockdown that’s crippled the economy, even as the number of the coronavirus cases grows exponentially.
UDF to intervene in KC(M) infighting
Joseph, Jose factions spar over Kottayam district panchayat president post
This Sticker Job For Just Rs. 1,500 Makes Suzuki Ertiga More Premium
We come across several modifications of cars and bikes but only a subtle few would apply and appeal to everyone and here is one such of the lot
Eavesdropper: The reality is much different
Time’s come for alternate reality tech to take off; companies must work on innovation and pricing
Don’t try, just buy: How shopping will change post-coronavirus
The way we shop has changed. Customers can say goodbye to testers and fitting rooms, and say hello to disinfectant and spatial awareness.
Lottery throws millions more at dodgy projects
The National Lotteries Commission has refused to disclose its beneficiaries. But we found them. By Raymond Joseph and Anton van Zyl
Deficit monetisation: Is it really as simple as RBI printing more money?
India has a comfortable foreign exchange reserves of $487 billion currently.
Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk
Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund
France has lowest daily increase in new Covid-19 cases, deaths since lockdown
French authorities reported the smallest daily rise in new coronavirus cases and deaths on Sunday since before a lockdown began on March 17, raising hopes that the worst of the epidemic is over in Fr…
Floyd Mayweather appears to flout lockdown guidelines as he's spotted at nightclub
There are growing concerns in Scottsdale, Arizona as legendary boxer Floyd Mayweather was seen flouting coronavirus strict guidelines while attending a nightclu
Toronto council to vote on 40-kilometre bike lane expansion
The city's latest cycling infrastructure plan adds 25 kilometres of new bike lanes, along with the promise of more public space and patios
Rural job crisis ‘deepens’
Unemployment rate increases to 25 per cent from 22 per cent
Justice sector budget cuts ‘will negatively impact SA’s corruption fighters’
The department further expects a budget cut to hinder Legal Aid SA's ability provide legal representation for the indigent and vulnerable citizens.
Andrew Liveras doesn’t know what he’s up against
He’s getting some nice press though:
1st deadlines for laid-off workers to get health insurance
WASHINGTON - Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage unde
Rural Ahmedabad: 35% of Covid cases from industries
Two employees, one each from Intas Pharmaceuticals and Zydus Cadila tested positive for the virus, taking the number of positive cases to 170 in rural Ahmedabad, where 35 per cent of the infected are working in industrial clusters, according to officials.
SEBI steps in to de-stress the stressed, but are the measures taken by the regulator good enough?
With the stock markets volatile and investor community uncertain, primary investments in listed companies have stagnated.
Delta to provide passengers with hygiene kits
The complimentary “care kits” consist of a face mask, sanitiser gel pouches and an information card…
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
CDC: As restaurants reopen, scavenging rodents could become aggressive
As restaurants closed nationwide, the supply of food for some rodents was cut off, especially in dense, commercial areas.
Paper cone, tube manufacturers in dire straits
The paper cone and tube manufacturing sector has been in trouble since the end of 2019.KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and fallin
Spain to welcome foreign tourists back from July
Spain, on Monday, urged foreign tourists to return from July as one of Europe’s strictest lockdowns eased, with streets gradually filling
New emissions blow for VW as German court backs damages claims
FRANKFURT: German airline Lufthansa said Monday it has received approval for a €9 billion ($9.8 billion) “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the EU’s executive commission.
German IFO’s Economist: Economy sees light at the end of the tunnel
Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad
Call for financial safety net for vulnerable workers
WITH thousands left reeling from sudden layoffs and redundancies in Jamaica and across th...
Calls for public Masses 'grossly irresponsible' says Irish priests' group
A GROUP representing Catholic Priests in Ireland has warned against
COVID-19 presents opportunity to boost African economies, says Elumelu
The Chairman, United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the coronavirus pandemic presents an opportunity to reset the....
Why Orange Juice Sales Are On The Rise
For consumers who prefer to skip juicing an orange and fighting with the pulp in their kitchens, bottled orange juice is an easy and safe alternative. However, during the coronavirus outbreak, sales of orange juice are not increasing because of shoppers' desire for convenience.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
NACTO Releases Streets for Pandemic Response and Recovery in the Fight Against the COVID-19
NACTO has released guidelines to provide cities with strategies to redesign and adapt their streets for new uses both during the COVID-19 crisis.
NGOs being starved of funds
Almost all big donations are now being diverted to the PM CARES Fund, as it provides 100% tax exemption and companies’ contributions to the Fund qualify as CSR
Perthshire men’s support group ‘delighted’ to secure £10k funding support
A Perthshire support group for men has secured £10,000 in National Lottery funding.
Industry insider reveals the true impact of the lockdown on the South African travel industry
An industry insider has provided real-world facts and figures on the impact of the extended lockdown on the South African travel and tourism industry.
CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons
Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr
Public sector wage battle looms for the Berejiklian government
The Berejiklian government will face a revolt from the Opposition, Greens and the crossbench in the upper house if it attempts to freeze public sector wages.
Kaya: Radhakishan Damani picks up 1.11% stake, Porinju Veliyath raises shareholding to 1.14%
Another well-known investor Porinju Veliyath, through his fund management firm Equity Intelligence India, also held stake in Kaya.
A Contrarian View On JetBlue
JBLU has been more than cut in half from its 2020 highs. However, any recovery looks to be quite slow. And the valuation is pricing in a lot of earnings that ar
Cetera Advisor Networks LLC Decreases Stock Position in Newmont Goldcorp Corp (NYSE:NEM)
Cetera Advisor Networks LLC lessened its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,034 shares of the basic materials company’s stock after selling 4,773 shares during the period. Cetera Advisor Networks LLC’s holdings in Newmont […]
Wolves are at it again, destroying Zimbabwe’s currency
Zimbabwe’s currency Before the lockdown on March 30,was trading around ZW$35 to the United States dollar (USD). Within a week, it had raced to ZWS$45
Regal, Tribeca-backed Trident Resources mulls spearing the ASX
There could be a new type of mining exposure heading Down Under before too long.
One of New Zealand's largest media organisations is being sold for just $1
The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.
Lotte resumes tender offer to buy more PCPPI shares
Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products Philippines Inc. after filing an updated valuation and fairness opinion with the Securities and Exchange Commission.
AE Wealth Management LLC Boosts Stock Position in Synopsys, Inc. (NASDAQ:SNPS)
AE Wealth Management LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. AE Wealth Management LLC’s holdings in […]
JobKeeper blunder may have forced up debt costs by $180m
The Morrison government may have overpaid in a bond market that was anticipating a $130 billion JobKeeper program.
Virus-hit Fiji Airways cuts workforce by half
Fiji Airways lays off 758 staff, while those remaining would face a permanent pay cut of 20%
Lufthansa, German government agree on US$9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...
Reducing neighborhood crime: Place management of alcohol outlets
Recent research suggests that neighborhood crime may be reduced by enhancing 'place management' resources in and around off-premise alcohol sales outlets, particularly at small and independent stores.
Palestinians easing coronavirus restrictions in West Bank
RAMALLAH, May 25 — Mosques, churches and businesses in the occupied West Bank will reopen tomorrow in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said today. The Palestinian Authority declared a health emergency in March and imposed lockdowns after the...
Baby gorilla suffers skull fracture in family fight at Seattle zoo
A baby gorilla at a Washington state zoo suffered a skull fracture when it got caught in the middle of a family brawl. The “skirmish” that left 2 1/2-month-old Kitoko badly injured unfolded
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year’s management paralysis.
Locusts, Covid-19, bad weather: The anatomy of a food crisis
Millions of people could be “just one shock away from severe acute food insecurity”.
Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
Rich Chinese home buyers are back.
Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
Chelsea: Blowing £150m in the smartest way possible this summer
Chelsea is allegedly sitting on £150 million for transfers this summer. With several spots needing strengthening, how can the Blues spend smartly? The two...
New payment to support Kiwis through COVID - Government
The COVID-19 crisis has had a significant impact on the jobs and livelihoods of New Zealanders.
India sharply cuts exposure to US govt securities to $156.5 billion in March
In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.
Food prices go up in West Bengal due to Cyclone Amphan
The cyclone has hit supplies and prices of most vegetables have spurt by 20 to 30 percent and will soar further, vendors said.
FinTechs Help Main Street Find Its Footing
Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.
Experts slam agriculture reform program, warn of shortage amid pandemic
Agrarian reform is among the National Priority Programs pushed by Jokowi’s first-term administration in an effort to better distribute development.
Simon Cowell is optimistic about the future of America's Got Talent season 15
The live shows are still scheduled to air later this year.
Coronavirus crisis provides fertile ground for online fraudsters
Surge in number of scammers exploiting global scramble for protection equipment
Engineers want the Government to increase spending to stimulate the economy
The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.
IKEA is opening “urban concept store” in Piraeus
Popular Swedish furniture and houseware retailer, IKEA, will open its first "urban concept store", in the centre of Piraeus.
With suitcase and bikini emojis, Spain urges tourists back from July
MADRID/BARCELONA (Reuters) - Spain revised down its coronavirus death toll on Monday and urged foreign holidaymakers to return from July as it eases one of Europe’s strictest lockdowns, though tourism businesses were sceptical about salvaging the summer season.
Reliability of power supply questioned
The reliability of the two power lines bringing electricity to Wanaka from Cromwell is being questioned by Aurora Energy whistle-blower Richard...
This Morning viewers slam ‘irresponsible’ travel expert for revealing quarantine ‘loophole’
People arriving in the UK have to quarantine for two weeks
Dancing with disinfectant: China’s nightclubs reopen as lockdowns ease
SHANGHAI – Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable
With little state aid, zombie shops in Portugal fear short-lived reopening
LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
NNPC says top management appointments on merit
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and..
MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero
A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negative price on its software.
Celebrations low key in Vijayapura
Following the nation-wide lockdown and prohibition by the government on mass religious activities, Eid-ul-fitr festival remained completely low key and simple here.Eidgah, the central place where spec
Lufthansa says Germany approves stabilization package
FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.
Bithumb Names Back Young Heo as Its New CEO
South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO).
ETRADE Capital Management LLC Sells 5,934 Shares of Valero Energy Co. (NYSE:VLO)
ETRADE Capital Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,555 shares of the oil and gas company’s stock after selling 5,934 shares during the quarter. ETRADE Capital Management […]
Coronavirus impact: India's retail trade lost Rs 9 lakh crore of business amid lockdown, says CAIT
CAIT Secretary General Praveen Khandelwal said during the span of 60 days of national lockdown, the domestic trade has lost business to the tune of about Rs 9 lakh crore, causing a revenue loss of about Rs 1.5 lakh crore to both the central and state governments on account of GST
Darden Restaurants (NYSE:DRI) Price Target Raised to $88.00
Darden Restaurants (NYSE:DRI) had its price objective upped by KeyCorp from $75.00 to $88.00 in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Other equities research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Darden Restaurants from a […]
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
What Investors Can Learn From Sears And J. C. Penney
History often does repeat itself. Being innovative matters now more than ever as America reopens. The J. C. Penney and Sears experiences can inform investors lo
Nissan says preparing to gradually restart Mexico operations
The automaker will begin with vehicle and autoparts manufacturing activities
BMO launches online resource hubs to help clients navigate COVID-19 impacts
BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.
The one thing these great ICT companies have in common
There is one thing top South African IT and telecommunications companies have in common.
Intuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, posted an 8 percent decline in revenue for the quarter ending April 30.
‘Project Birch’: Treasury draws up last resort bailout plan to rescue Britain’s largest companies
‘Project Birch’ could see Britain’s Treasury step in to support key British companies whose failure will “disproportionately harm the economy
More Americans turning to anxiety medication amid coronavirus pandemic
Health-research firm IQVIA found that prescriptions for anti-anxiety drugs spiked 10.2 percent in March, to 9.7 million, compared with 8.8 million during the same month last year.
Global engines fire up again, Europe makes steady start
Europe, despite reeling under the pandemic, is steadily opening up.
Swiss National Bank Purchases 138,500 Shares of Lincoln National Co. (NYSE:LNC)
Swiss National Bank grew its position in Lincoln National Co. (NYSE:LNC) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 769,805 shares of the financial services provider’s stock after purchasing an additional 138,500 shares during the quarter. Swiss National Bank owned approximately […]
Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role
Vermilion says it has created an executive committee to run the company instead of replacing Marino
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Kevin Roberts' cricket crisis evaporates
In his striking alienation from clarity, Cricket Australia chief executive Kevin Roberts remains an astonishing figure.
Police found ammunition for a rifle during search of Larkhall house
A man told them "My stuff, my room, my responsibility.”
German court ruling clears the way to settle VW diesel cases
KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the . . .
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on ...
Covid-19: After govt intervention, prices of N-95 masks down by up to 47%
To address the issue of higher prices of the N-95 masks, the NPPA intervened to ensure their availability at affordable prices in the country, the Ministry of Chemicals and Fertilizers said in a statement on Monday.
Appeal for people not to flock to seaside towns amid upsurge in visits
THERE have been appeals from police for people not to flock to seaside towns amid an upsurge in visits over the weekend.
Major automakers see demand for personal vehicles going up
Automakers like Maruti Suzuki, Honda, Toyota and Tata Motors expect demand for personal vehicles to go up in the country as social distancing and fear associated with COVID-19 veer people away from public transport.
Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
KUALA LUMPUR, May 25 — Genting Malaysia Bhd (GENM) announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. In an internal memo circulated to its employees sighted by Malay...
Will Social Security Beneficiaries Qualify for a Second Stimulus Check?
Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?
Trade deal with Europe seems a long way off
The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.
As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA
The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.
F1 News: Aston Martin set for first major change since Stroll takeover
Aston Martin looks set to make its first major management change since the arrival of investor Lawrence Stroll earlier this year, with CEO Andy Palmer tipped to be replaced
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist attacks.
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Fire fighters say they 'can't be thanked' with cuts
Nicola Sturgeon and Boris Johnson were sent letters calling for budgets to be protected.
Australian skiers book hotels
Australian tourists hoping for a ski season in the South Island are already making bookings and inquiries at hotels. Novotel Queenstown Lakeside...
WA should relax grip on pubs and restaurants to allow 100 patrons: Liza Harvey
WA Opposition Leader Liza Harvey wants WA to relax restrictions on pubs, restaurants and cafes by lifting the number of permitted patrons from 20 to 100 and abolishing the four-square-metre rule.
Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal
While a single national market for agriculture and steps to create an efficient energy space are welcome, the prohibition on … Supply disruption in China a great opportunity for India: USIBC’s Nisha Biswal Read More »
ETRADE Capital Management LLC Raises Stake in American Express (NYSE:AXP)
ETRADE Capital Management LLC increased its stake in shares of American Express (NYSE:AXP) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,015 shares of the payment services company’s stock after buying an additional 603 shares during the quarter. ETRADE Capital Management LLC’s holdings in American Express were worth $600,000 as of […]
Northeast Delhi overcomes riot scars to celebrate Eid
Northeast Delhi overcomes riot scars to celebrate Eid. In northeast Delhi, Eid this year is a celebration of a long-time friendship that even stood the test of communal riots for some, while for many, it is shorn of any festivities.
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
Tech revolution: Human touch will be irreplaceable in financial services
With the help of technology and greater access to content Indian financial markets are moving from a push market to a pull market.
Hopeful of returning to work, scores of migrants return home
A number of migrant workers, who have left from Maharashtra's Pune city for their native places after being rendered jobless due to the lockdown, are hopeful that the situation will normalise and they would be able to come back to work.
Only a few hedge funds made money in March and April. Here's how.
Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.
Ontario offers loan of up to $500M to lottery and gaming agency
Ontario is extending a line of credit of up to $500 million to its lottery and gaming agency.
Five business groups urge Ontario to halt commercial evictions during pandemic
TORONTO — Five business groups are calling on the Ontario government to impose a commercial eviction moratorium during the COVID-19 pandemic.
JN Group donates $1 million to assist elderly
THE work of the National Council for Senior Citizens (NCSC) — the umbrella organisa...
Nigeria's economy grows by 1.8% in first quarter of 2020
It is the slowest quarterly growth rate in one-and-a-half years, and comes as Nigeria has still not recovered from a 2016 recession that sent more than 13 million people into unemployment.
Millions of Indonesians celebrate Eid under social restrictions
Many Muslims say they find solace in praying and celebrating at home with modest virtual festivities, but others infringe physical distancing orders.
COVID-19 cases in Nigeria double almost every week — but there is good news
Cases of COVID-19 have at least doubled almost every week since the outbreak of the disease in Nigeria back in February, TheCable
Alpaca-rearing business granted green light for permanent workers’ house
A mobile home in the Green Belt can now be replaced by a permanent house so that a rural worker can stay on site to supervise an alpaca herd.
Ferronova secures $3.5m funding for cancer trials
Ferronova has developed technology to help surgeons detect if cancer causing a solid tumour has spread to surrounding cells, it has raised VC funding to prove it works.
Bayer reaches deals on big share of 125,000 roundup weedkiller suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
CEO buys ailing New Zealand media giant for one dollar
Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.
Expect to see Tolko’s Kelowna mill looking pretty much the same for months to come
The decommissioning and redevelopment of the Tolko lumber mill site on the waterfront in Kelowna is moving at a snail’s pace.“We’re still
Bata India Q4 net profit down 57% to Rs 38 crore
The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.
Four ways to create more diversified and resilient portfolios
Those who use an array of strategies will be more prepared for whatever the future holds as we emerge from COVID-19
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Euro giants prepared to axe €25m+ ace to finance permanent deal for Arsenal loanee
Strategy outlined, Gunners could have decision to make...
Gulfport Energy: Stock Appears To Be Overvalued Now Due To The Still High Restructuring Risk
Gulfport's borrowing base was reduced to $700 million, and it is limited to $20 million for further unsecured note repurchases. It has plenty of liquidity for n
Insider Trading? OmiseGo (OMG) Surges 200% Just 15 Minutes after Coinbase Listing, but then Crashes Immediately
San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15
Nordic investors turn up heat on coal in climate campaign
OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.
Coronavirus: Pandemic puts paid to Carnoustie panto
The pandemic has had an early impact on Courier country’s panto season.
Shoppers line up in downtown Montreal as retailers reopen to public
MONTREAL - Eager shoppers lined up outside some stores in downtown Montreal on Monday as retailers in the city were allowed to reopen for the first time sin
Sparse crowds on Memorial Day as NYC-area beaches reopen for weekend
Memorial Day was a washout for Big Apple beaches — and it didn’t even rain. The typical massive crowds that flock to local shores never materialized over the holiday weekend, as beaches
Andy Palmer to quit as Aston Martin CEO after shares plunge
Will be replaced with Mercedes-AMG CEO Tobias Moers
Coronavirus in South Africa: President Ramaphosa warns outbreak will get worse
Lockdown measures to be further eased from start of June despite surge in cases
‘Over 1,000’ pubs have interest in Covid-19 insurance test case
Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown
Sony PS4 series slashes its price in new promotion - Gizchina.com
Sony PS4 series slashes its price in new promotion. This promotion is available for both PlayStation 4 consoles and games
Muirhevnamor residents complain about rubbish lying in estate for 'more than a year' - Talk of the Town
Residents in Muirhevnamor have complained about a quantity of illegally dumped rubbish that has been lying in the estate for more than a year. The rubbish, which has now attracted rates, is located behind houses at Road 2 and Crescent 1 in the estate. One local woman told Talk of the Town that she has...Read More→
Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19
Calin Rovinescu was on track to receive around $12.9 million in total compensation last year
Lenovo promises to up PC building to meet working from home demand
Employees will continue to work from home after the crisis is over and Lenovo is preparing to meet increased demand for PCs.
Bengaluru, Chennai among 4 role model cities in handling COVID-19
Bengaluru, Jaipur, Indore and Chennai have been identified by the Centre as possible role models for other cities in handling COVID-19.
CREDAI writes to PM Modi, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis
USD/MXN: Slight relief for the peso – CIBC
The initial market reaction to Banxico’s cut to 5.5% suggests that the decision was not more dovish than investors were expecting, according to analys
Rally likely in oil prices but upside may be capped on uncertain demand outlook
We expect Nymex Crude prices to face stiff resistance around $40-$42 per barrel. We expect prices to average near $28 per barrel during the year.
Canada Revenue Agency extends some trust and corporate filing deadlines
The agency says it will allow businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to Sept. 1
US Dollar Index pushes higher and approaches 100.00
The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.
Dancing with disinfectant: China’s nightclubs back in the groove
SHANGHAI, May 25 — Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks have become part of the experience. At 44KW, a club for electronic music lovers...
Over 200k workers could lose their jobs in WC due to COVID-19 - Treasury
The provincial Treasury Department head David Savage said of the over 200,000 job losses predicted, several came from the tourism industry.
Silver's Silver Lining
Investors may consider some exposure to silver as the multi-year, supply-demand surplus scenario looks to be transitioning towards a more favorable picture. On
Increased support payments for newly jobless people
The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.
MediaWorks announces 130 job losses
MediaWorks has announced that 130 staff are being redundant in its radio and sales teams.
iSignthis to End Contract with Visa, Criticises Proposed Rule Changes
iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.
Window to file for government health insurance approaching for coronavirus filers
Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan
The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.
Harte Gold: Digging Into The Q1 Results
Harte Gold released its Q1 results last week, with quarterly gold production hitting a record high near 8,600 ounces. While this is a step in the right directio
Maharashtra: Gamut of challenges for coaching centres, teachers
Due to the coronavirus-induced lockdown, the peak season -- March to May -- for securing new admissions has eluded private educators and coaching centre owners, this year.
German court rules against VW in 'Dieselgate' compensation scandal
About four years after the Volkswagen Diesel scandal broke, Germany's Federal Court passes a binding rule on compensation for consumers
Forget panic buying, panic driving is next virus fad
The challenge of getting to work using the traditional means of public transport creates a dilemma.
Tokyo stocks open higher on virus hopes
Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
Washington prepares for a summer without interns
Grayson Ross, a recent graduate of the University of Texas at Austin, planned to spend his last semester of college as hundreds of other aspiring policy aides do: walking through the halls of the
British Airways 'to axe thousands of cabin crew workers and rehire them on half the pay'
The airline, which has been slammed by unions over the past 24 hours, is reportedly in talks for a new restructing just weeks after confirming plans to sack 1,130 pilots
‘Appalled’ judge sentences pastor for theft from Oso victims
“God only knows what darkness in (Gary) Ray’s soul has caused him to do these things,” the judge said.
Activists call for health tax
Kampala, Uganda | THE INDEPENDENT | Members of Civil Society Organizations (CSOs) attending a virtual meeting on health financing on Monday highlighted the need for having a separate tax to finance health emergencies without straining the health system. They said though the government has over the years put up taxes on different commodities to fund …
Time to take economy out of intensive care: PM
Scott Morrison will appeal to a "new sense of common purpose", with $1.5 billion in federal funding to the states as leverage, to deliver an economic recovery he envisages will take between three and five years.
Dollar General: Hoping That Nothing Has Changed
Dollar General is about to report earnings for the second time since the COVID-19 crisis hit the United States. The retailer should benefit from both the stockp
Toyota Corolla Wagon Could Return According To New Trademark Filing
If this rumor turns out to be correct, Toyota would become one of the very few automakers in America to offer its customers a station wagon.
Consumer Spending And Demand Has Changed Due To The Pandemic
The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.
Inside the impact bid to save AAP
The consortium has already begun sounding out key AAP customers, which have indicated support for a new version of the newswire service.
DMart’s secular rally may pause for a while
The stock's at all-time high and at price to earnings multiple of 120 times FY20 score.
Group decries depletion of forest reserves
A Non-governmental organisation, International Support Network for African Development said, lockdown has made people to resort to forest reserve for firewood for cooking, and undermine nature conservation, biodiversity and causing deforestation.
Coles lifts all purchase limits on grocery items
Toilet paper hoarding stopped a little while ago and now Coles has lifted restrictions on the last of the pantry staples.
Capturing The Trend In Cryptocurrencies
Bitcoin's price volatility reaches 6-year high. The upward momentum of cryptocurrencies can create enormous returns on investment, but the downside risk is subs
Makinde, others laud facility managers’ role in COVID-19 crisis
The Oyo State Governor Seyi Makinde has lauded facility managers for their contributions to health, safety and productivity of people during ongoing CoVID-19 crisis. Makinde noted that as with governance, people hardly commend facilities managers when things are going right, but immediately the ‘ball drops’, everyone remembers their roles. The Governor stated this during the […]
Merkel's conservatives want stimulus package to include tax relief: document
Merkel's conservatives want stimulus package to include tax relief: document
No shoot, no money, TV industry survives on the hope of bouncing back
The major issue in the TV industry in terms of payment is that many members of the cast and crew earn salary per day basis. Also, as per the contract, the amount is handed over only after 60-90 days.
Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has raised its price target on Wesfarmers by nearly 20%.
ITC to acquire spices maker Sunrise Foods
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.
Hoggets bear brunt as factories slash sheep prices
Last week those in the trade were beginning to speak about factory prices being “on a knife edge”. By yesterday morning quotes for spring lambs had been pared by 10c/kg.
Going viral: Day 57 of being in a COVID-19 lockdown
This is what life is like in social isolation in Ireland
MULILI & SHAH: Need to lay out post-Covid-19 strategies for
Manufacturing has suffered due to mandated working in shifts and the impact of the lockdown.
Aldi now sell over 75 new Irish products as part of Grow with Aldi Programme
45 of Ireland’s most innovative Irish food and drink producers have won a new contract to supply Aldi’s 142 stores through its Grow with Aldi Supplier...
Pub owners take FBD Insurance to court over cover for closures during pandemic
Pub owners have gone to court in a row over insurance cover during the Covid-19 pandemic.
Land auction allegations a campaign to defame TTD, says Subba Reddy
‘The resolution was passed by the trust board in 2016’
The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again
Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, t
No mask, no service? Businesses have the right to require masks on customers
TORONTO — If you were hoping to get out of putting on a face mask to visit stores and other businesses demanding customers wear one, think again.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.
Arsenal Reportedly Joins Chase For Brazilian Philippe Coutinho’s Signature
English Premier League giants Arsenal are reportedly interested in the services of Philippe Coutinho.According to le10Sport.com, the Gunners have contacted the Brazilian's agent Kia Joorabchian fo
U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national
Two more resource sector raisings out of Canaccord
It's a busy morning for small and microcap resources investors.
Aristocrat agrees to $47m payout to settle smartphone game lawsuits
The Australian pokies giant was hit with lawsuits by US customers who lost money playing with "virtual chips" on its smartphone casino games.
UK, Nigeria pledge to sustain trade relations amid CoVID-19
With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment
Boost for zero-emission sources as global capital backs Indian solar power
The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent
'Companies remain fundamentally bad at risk management'
The COVID-19 pandemic has highlighted gaps in the way many organisations deal with risks in their business, especially around cyber-security.
ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s […]
Mackay Shields LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Mackay Shields LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the technology company’s stock after selling 58 shares during the quarter. Mackay Shields LLC’s holdings […]
Outdoor markets and car showrooms can open next week in England
Boris Johnson announces other non-essential retail premises can reopen in three weeks
There's Always Something To Worry About (And That's Bullish)
Persistence of worry among investors supports a bullish contrarian thesis. The 32% rally in the S&P 500 strongly suggests a new bull has begun. Online retail sa
German court ruling clears way to settle VW diesel cases
The decision affects some 60,000 individual claims brought by car owners in Germany.
Govt Should Delay Road Tax Increase Due To Economic Crisis
“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.
Global stock markets confused as US and China spar, bring trade-tension to the forefront again
Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions.
Hong Kong shares ease on China-U.S. rift, dollar firms
SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19
China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.
1st deadlines for laid-off workers to get health insurance
WASHINGTON — Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
Thai researcher eyes accessible COVID-19 vaccine for SE Asia
A researcher leading Thailand's push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.
Arista Networks: Free Cash Flow To Drive The Stock Back To $300
Arista Networks displays a stellar balance sheet and juicy net profit margins. Discounted cash flow model points towards a return to $300/share, with prudent gr
Naagin 4: Rashami Desai No Longer A Part Of Ekta Kapoor’s Show Due To THIS Reason?
After coming out of Bigg Boss 13, Rashami Desai grabbed headlines for bagging Ekta Kapoor's Naagin 4. Her fans were happy when she got an opportunity to be a part of one of the successful television
Stuff CEO buys company for $1
Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...
Five-hour VE Day busk by Telford veteran helps raise thousands for Severn Hospice
A guitarist has helped raise thousands of pounds for charity with a five-hour sponsored busk on VE Day.
Mexican auto industry groups urge Puebla state to allow operations to restart
Mexican auto industry groups urge Puebla state to allow operations to restart
Commercial real estate to move northwards in Tier 2 markets post Covid-19
Factors like good location, easy accessibility, improvement in basic infrastructure, increased connectivity with suburbs and the availability of skilled manpower have turned smaller cities into an attractive business destination.
German government, Lufthansa agree on 9 billion euro aid package
Germany on Monday approved a 9 billion-euro (US$9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive commission about possible conditions.
Meet the Aussie money manager who made millions as markets crashed
Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality
The housing market scene might soon resemble more of a hospital and less of a home but Lehigh Valley real estate agents say these measures are going to be crucial moving forward amid the COVID-19 pandemic.
Maui watershed purchase could be delayed due to coronavirus cuts | Honolulu Star-Advertiser
WAILUKU, Hawaii >> A county government’s acquisition of a private water delivery system for Maui’s drinking water may be delayed because of budget cuts resulting from the coronavirus outbreak.
EUR/USD: Geopoliticals risks can send the euro down
EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam
Virgin's administrators put brakes on plane repossessions
A mass repossession of Virgin's fleet could have seriously hampered the efforts of Deloitte to sell Virgin Australia to a new buyer.
Central bank asset purchases creating ‘fake markets’, analyst warns
'They're no longer related to any fundamental analysis whatsoever'
New payment to support Kiwis through Covid-19
The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic to adjust and find new employment or retrain.
Zimnat launches novel inflation linked funeral cover
HARARE-One of the oldest financial institutions in the country, Zimnat Life Assurance has launched an inflation linked funeral policy, Gadziriro/Lungiselelo ZWL$ Funeral Plan the first of its kind in Zimbabwe, which provides for regular review of covers and premiums on a regular basis.
Banks continue to lend less even as deposit growth improves, credit growth now at mere 6.5%
Risk-averse banks have continued to lend less and less to customers despite the double-digit growth seen by bank deposits.
Bitcoin Hash Ribbons Indicate Post-Halving Miner Capitulation Has Begun
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in thi
A GST cut can put auto sales on fast track to revival
The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look
No break for nature? Here’s how Covid-19 crisis is harming the world’s forests
Trees are more likely to be felled for food and fuel as a third of the world’s population still depend on wood to cook. The Covid-19 lockdown could exacerbate this.
Michael Terpin Patiently Waited For A Teen To Turn 18 To Sue Him
As indicated by The New York Post, popular crypto investor Michael Terpin purposely held up until the teenager who took nearly $24 million of digital currency by means of a SIM-Swapping turns 18 so as to indict him. Terpin, who lodged a suit against Pinsky earlier this month, claims that…
Funding the private hospitals
Sir, – The nationalisation of our private hospitals to increase capacity in the midst of a pandemic was a bold and well-intentioned initiative.
Gold prices slip on rising dollar, equities; renewed Sino-US trade tensions restrict losses, silver falls 0.7%
Spot gold was down 0.3 percent at $1,729.05 per ounce. US gold futures fell 0.4 percent to $1,729.40.
Man shares photos of apartment a landlord is renting out for N520k in Lagos
According to Ifeanyi, the landlord put up the rough-looking apartment for N350,000 as basic rent and N520,000 as total package, located in Surulere, Lagos.
The social enterprise at work: Paradox as a path forward
Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years With COVID-19 creating urgency around workforce reinvention, it’s clear that while organizations have doubled down on investments in technology over the past decade, many have […]
High Yields From Tax-Advantaged Debt: America First Multifamily
COVID-19 has created a completely new environment. The market is still struggling with figuring out the new reality and balancing the opposing forces. Where the
European regulators to take closer look at Air Canada-Transat deal
TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.
Tiger Brands looking at ‘significant’ job losses as it counts cost of pandemic
Reports lower H1 earnings, defers dividend.
Rich, but household debt is growing: A time bomb for South Korea?
South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...
Bayer reaches agreement in 125,000 US cancer lawsuits
Pharmaceutical giant reportedly does deal to end inherited costly legal battle
EU watchdog hopeful most banks can absorb €380bn pandemic hit
Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority
Museveni to open face mask factory in Mukono
The company currently employs over 200 Ugandans, who have been trained in the production of face masks.
Digitex Futures Adds Chainlink Integration For Unrivaled Price Data Accuracy
Digitex Futures has revealed a new partnership with Chainlink to provide the most consistent and accurate price data without fluctuation.
Bloodied Mayfair tries recruiting investors against ASIC
The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".
Sex for rent rises with coronavirus poverty - The Nation Nigeria
A growing number of landlords are asking tenants for sex in exchange for housing as coronavirus lockdowns and job cuts have left many struggling...
Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing
Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.
As malls reopen across the country, worries grow that consumers won't come back
Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.
Indonesia looks to domestic innovations to tackle COVID-19
Indonesia is striving to tackle the COVID-19 outbreak with domestically produced innovations, but researchers say the government may face roadblocks in the mass production of such products because of the absence of pro-innovation policies.
Twilio: Coronavirus Accelerating Positive Trends, Downside Ahead
TWLO blew out Q1 expectations, as the coronavirus did the opposite of what people expected and accelerated its business. If you think about it, this is pretty i
Australia's exports fell 12% in April
The value of both Australian exports and imports decreased in April 2020 although demand for resource commodities remained strong, according to the la
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German FA (DFB), its treasurer Stephan Osnabruegge warned Monday.
PA easing coronavirus restrictions in occupied West Bank
The Palestinian Authority (PA) has announced an easing of coronavirus restrictions in the occupied West Bank following a steady drop in the number of new infections.
Govt thrust on infrastructure boost to help transmission tower companies: Ind-Ra
According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient than the traditional steel industry players.
Covid-19 to dent M&R earnings ‘more than 20%’
Group reports further growth in order book to R51.5bn at end-March.
Synchrony Financial (NYSE:SYF) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. ETRADE Capital Management LLC’s holdings […]
The Chase: Bradley Walsh stunned as contestant wants to 'rent a chap' with prize
Shirley wants a companion to go travelling with.
Factbox: EU recovery fund - the battle lines
BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.
Nigerians Locked In Another Chinese Company In Ogun Cry Out For Help
One of the affected workers told SaharaReporters that aside from forcing them to work, the company had also stopped feeding them and refused to allow them to go out to get food.
Almost 90 jobs go from Invercargill licensing trust
Eighty-seven of ILT's 606 workforce will be made redundant after staff restructuring due to Covid-19 impacting the hospitality sector. ILT chief...
Asian shares tick up, eyes on China-US trade relations
Analysts expect trading to be subdued with United States and UK markets shut for public holidays.
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK, May 25 — A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally. Thailand’s government announced last week its plans to have a...
Understanding VC cycles for post-pandemic success
VC investing is currently in a 'triage' stage. Here's a look at how that will change as we gradually emerge from the pandemic.
Glenmuir High doubles efforts to help COVID-19 affected families
GLENMUIR HIGH School in Clarendon has merged efforts with donors, locally and overseas, to assist some families affected by the novel coronavirus. The disease has infected over five million people worldwide, caused over 300,000 deaths, and has had...
Steve Mnuchin’s socialite sister sues potential buyers of her $8M pad
The socialite sister of US Treasury Secretary Steve Mnuchin is suing two potential buyers of her Park Avenue penthouse for a near $1 million deposit after she claims they tanked the deal, new court
Inter striker Icardi's €60m PSG move edging closer - sources
Inter Milan striker Mauro Icardi is edging closer to a permanent move to Paris Saint-Germain, sources have told ESPN.
Churchill Comedian Recounts Selling Chang'aa to Survive [VIDEO]
Speaking to Daniel 'Churchill' Ndambuki, the veteran comedian confessed to having had to...
Punjab: Led by former MP, Patiala group gives ‘dignified farewell’ to migrants leaving state
The 'Corona Helping Group' was born after a group of residents from Guru Nanak Nagar Colony and some employees of the Diesel Loco Modernisation Works (DMW) unit of Railways in Patiala came together and started collecting funds to help migrants.
No more grants for the self-employed, Treasury says - Inside Israel
Treasury says the economy is back to normal.
Cullen commission into money laundering in British Columbia resumes today
Inquiry was called amid growing concern that illegal cash was helping fuel real estate, luxury car and gambling
Five business groups urge Ontario to halt commercial evictions during pandemic
Ontario Premier Doug Ford has previously declined to freeze commercial evictions
Copper: The pace of long positions to slow down – TDS
Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C
'Banking stocks to remain under pressure; ICICI, HDFC Bank & Axis top buys'
Going ahead investors are likely to remain watchful COVID-19 situation in the country, vaccines development, lockdown restrictions with changing economic policies, and crude oil prices movements.
Less than 30% of fuel depots operating – DAPPMAN
’Femi Asu Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum ...
bidorbuy helps South African businesses get back to work
bidorbuy is making it easier for businesses in different sectors to plan for when they may be permitted to reopen.
GOP candidate Parnell blasts Pa. governor's 'absolutely absurd' benchmark for full reopening
Pennsylvania Republican candidate Sean Parnell called out Democratic Gov. Tom Wolf Monday on "Fox & Friends," arguing it is "absurd" to believe the state cannot reopen fully until a "foolproof" coronavirus vaccine is available to the public.
Memorial Day 2020: Save up to $179 on DJI Osmo Pocket and Osmo Action & Charging Kit
Memorial Day 2020: Save Up to $179 on DJI Osmo Pocket and DJI Osmo Action & Charging Kit During the Ongoing Summer Sale. Action Sold Out
Chasing Data in Enterprise XR and Beyond
Feel-good stories (like customer engagement and titillating use cases) for immersive XR applications are what we always seem to hear about these days. In a previous article,
Frydenberg moves to shield boards from class action lawsuits
Directors will be relieved from strict obligations to keep investors updated after the Morrison government eased disclosure rules to shield boards from lawsuits.
Bayer says it makes progress in settlement talks over weedkiller
Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer
Report: Billionaires Have Made $434 Billion During Coronavirus Pandemic
According to a recent report, American billionaires have enjoyed a huge boost in net worth in the first two months of the Chinese virus pandemic, earning around $434 billion since March 19, when many states went into lockdown.
Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on
'New engines from 2025, but until then restrictions on engine development'
In 2014, V6-hybrid engines made their appearance in Formula 1, but these hybrid engines won't stay in the sport for to long. According to Racefans.net, there will be new engine regulations in Formula 1 in 2025.
Bolivia ex-health minster held in pre-trial detention over virus scandal
Bolivia's ex-health minister has been remanded in custody over a corruption investigation into over-priced ventilators to fight the novel coronavirus, the attorney general said on Sunday.
Oil firms set price hike whopper: P2.30 per liter of diesel
Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market.
Shrewsbury charity receives £3,000 to help caregivers
A Shrewsbury charity that is supporting vulnerable people through the coronavirus crisis has been awarded a £3,000 grant to provide support to isolated or bereaved caregivers during lockdown.
The Office Actor John Krasinski Fans Are Upset With Him, Here’s What Happened
When the lockdown started, The Office actor John Krasinski started his Youtube show, Some Good News or SGN. The actor intended to share good news from all over the world with people as everyone is d
South Africa’s richest people recover some lockdown losses
South Africa’s richest people have seen their fortunes recover over the last month – but many are still worse off than before the global coronavirus pandemic hit home, forcing the country into a nine-week high level lockdown.
To consumers, Malaysia’s CPI deflation a sign of pandemic hardship
KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more...
Purchase of foot-operated dispensers raises doubts
An order to purchase more than 19,000 foot-operated dispensers for hand sanitisers seems to have all the makings of a controversy. The Health Department had placed a direct order for supply of the foo
These Are the Government Guidelines for Victorian Restaurants and Cafes to Reopen
No tables bigger than six. No self-service cutlery and glass stations, or communal drink and condiment stations. And alcohol can only be served with a meal, “which is more than a snack”. Here’s how you’ll experience dining in Victoria from June 1.
Covid-19 has reduced developing and developed countries to same level – President Buhari
President Muhammadu Buhari, Sunday said coronavirus has reduced developing and developed countries to same level.
Beef trade: Data backs up expanding influence of the dairy sector on the beef industry
While putting this week’s report together different factory agents used different analogies to describe how they now see trade.
GBP/USD: Falling this year before a very modest rebound in 2021 – HSBC
GBP is particularly vulnerable in a world driven by fiscal dynamics. The UK's status as a foreign debtor and the resurfacing of Brexit create further
Laptop imports from China surge during shutdown
Australia's working from home boom saw the importation of laptops and office equipment from China jump by up to 40 per cent during the COVID-19 shutdown in April.
Canada Revenue Agency extends some trust and corporate filing deadlines
The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
Mother's Day gatherings boosted COVID-19 cases, health minister says
'... people seeing families when they should not have been more than five people together,'
Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block
China's pork imports in April jump 170% to record high
China, the world’s top pork consumer, imported a record 400,000 tonnes in April, up nearly 170% from a year earlier, customs data showed, as buyers took advantage of low prices to stock up on meat.
Federal government launches hotline to offer businesses advice amid COVID-19 pandemic
The federal government has partnered with the Canadian Chamber of Commerce to launch a hotline to provide free advice to businesses.
Two hairstylists in Missouri may have exposed more than 140 clients to the coronavirus, health officials say
The stylists worked at a Great Clips hair salon in Springfield, Missouri, between May 12 and May 20 while symptomatic.
Greece resumes island ferry services in bid to salvage summer tourist season
Travel to the islands had been generally off-limits since a lockdown in late March.
Mexico's monthly trade deficit hits $3 billion due to virus
Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%
Ex-Windows boss reveals his new desktop PC is an iPad Pro
Having joined Microsoft back in 1989 as a software design engineer, Sinofsky worked his way up to President of the Windows division by 2009, finally departing the company at the end of 2012.
Cree Stock Headed Below $35?
Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...
Court rules $51 million RFS donation cannot be distributed to other charities
The extraordinary sum was raised on Facebook by comedian Celeste Barber during the bushfire crisis.
UPDATED: Ochsner LSU Health announces expanded COVID-19 testing May 26-29
Community members will receive their test results within 24-72 hours.
Fife firm team up with Scotland football legend to help homeless
A Fife business has struck up a striking partnership with a former Celtic, Manchester United and Scotland football legend in an effort to support the homeless.
VW ordered to buy back diesel cars it sold equipped with emission evasion software based on their current value
The decision comes after a motorist took the company to court over a Volkswagen Sharan he bought in 2014, which was equipped with the software that turned off emissions controls during testing.
Normal People star Paul Mescal raffling off one of his chains for Pieta House
The TV show has taken the world by storm and Connell, played by Paul, received a lot of love for the chain he wears in the series
Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable
Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev
Renewable electricity suppliers gaining ground
Generating capacity of independent producers is just about equal to that of an Eskom power station.
Aston Martin's chief to leave as a part of shake-up
GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...
Still A Lot Of Value In Corporate Bond Market
Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev
Sovereign rating: Economists shrug off downgrade fear amid Covid crisis
Unprecedented crises, they stress, warrant elevated government spending to rekindle growth impulses fast and protect both lives and livelihood, while fiscal hawkishness is best reserved for normal times.
Wholesale vegetable prices fall sharply by up to 60% during lockdown
Wholesale prices of tomato, onion and other key seasonal vegetables have declined sharply by up to 60 per cent across the country, mainly due to higher production, compression of demand and market disruption amid COVID-19 crisis.
Germany mulls €50,000 a month for stricken firms
FRANKFURT AM MAIN, May 25 — Germany’s economy ministry today unveiled plans to ramp up support for hard-hit smaller companies, proposing as much as €50,000 (US$54,000) in monthly aid to help the nation’s vaunted “Mittelstand” survive the coronavirus crisis. The proposal, seen by AFP, is...
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
This Australian founder made $25 million from the COVID-19 pandemic
Jeromy Wells, the chief executive and founder of listed cloud communication platform and workflow software company Whispir, denies COVID-19 is the best thing that has ever happened to him.
New 'ShopKiwi' website encourages shoppers to support local businesses
The website offers free sign-up for NZ owner-operator businesses.
In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are ...
Over 30,000 get jobs under MGNREGS in Sambalpur
Terming it as a significant achievement, district coordinator of MGNREGS Sobhit Bishi said it is for the first time that such large number of people have been engaged under MGNREGS in the district.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.
Toot toot! Afterpay runs into index day
Beware the Afterpay train this week.
Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
Segalink moves to help investors recover their debt from Wale Jana
Human Rights Activist, Segun Awosanya aka SegaLink has made moves to help investors recover their debt from Saphire scents C.E.O, Wale Alade Jana. Taking to Twitter earlier today, Segalink shared a press release in which he
Asian shares tick up, eyes on China-US trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...
Analysis: Will Europe unite around the EU's coronavirus recovery plan?
Euronews' political editor Darren McCaffrey looks at the splits over the EU's coronavirus recovery plan.
Germany's top court to rule on compensation for VW diesel cheating
In an early May hearing, judges at the Federal Court of Justice (BGH) said there was a chance for at least partial compensation for some VW buyers, saying they had indeed been harmed by purchasing a manipulated vehicle.
Upstate 19-year-old creates business to help with shortage caused by COVID-19
A 19-year-old in Gaffney saw a shortage caused by COVID-19. Hart Bridges then decided to start his own mask business called Rosleck Safety to help.
NZD/CAD: Downside Pressure Likely
NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,
Milan-based AppQuality nabs €3.5 million for its crowd testing platform
Italian startup AppQuality, a crowd testing platform, has announced raising €3.5 million in a round led by P101 SGR and ITA500 (the venture capital fund established by Azimut Libera and managed by P101), alongside Italian Angels for Growth (IAG), and Club Italia Investimenti 2. Founded in 2015, A
Prices Of N-95 Masks Fall 47% After Pharma Pricing Body's Advisory: Government
Leading manufacturers and importers of N-95 masks have reduced prices by up to 47 per after regulator NPPA stepped in to ensure the availability of this respiratory protection device at affordable rates in the country, the government said on Monday.
ITA estimates Rs 2,100 crore revenue loss for tea industry in Assam and West Bengal during Mar-May
The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May.
Kothakota weavers cry for govt support
Lack of govt support, resources, rising costs of raw material, infrastructural limitations some of reasons for the present condition of weavers.
Flash PMI Shows Japan On Course For Record Downturn In Second Quarter
Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde
Shaktikanta Das differs with govt over IMF's $500 billion rights plan
RBI governor backed IMF’s plan to issue fresh SDRs for helping crisis-hit members.Fresh SDR issue would have helped least developed and developing nations facing a forex crisis
Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief
Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment
Virgin Media Ireland announce €1 Million fund to help businesses nationwide
Virgin Media has today launched a €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.
NFL Insider Shares The Latest On Jamal Adams, Cowboys
NFL insider Ian Rapoport has the latest update regarding Jets safety Jamal Adams and a potential trade with the Dallas Cowboys.
Business Leaders Need To Show The Way To A Post-Virus World
With politicians generally floundering in their attempts to reveal a route out of lockdown, executives have an opportunity to give a lead.
SeaChange Warns Of An Abysmal Q1 As Customers Continue To Delay Purchase Decisions
Discussing recent Q1/FY2021 earnings warning. Customers continue to delay purchase decisions, resulting in an at least 55% sequential revenue decrease with like
Coronavirus | Single-day spike continues its trend for the seventh day on Monday
6,977 new infections reported along with 154 deaths. Recovery rate also up, says Health Ministry
WWE surprisingly abandon trademark filed for Edge
This is the 2nd time WWE have abandoned the plans to get this trademark for Edge!
Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic
Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Retail investors throng capital markets during lockdown period, says Reliance Securities CEO
While Covid-19 has been a painful period for all and the lockdown a pressure for most who have been busy and active, it seems to have drawn people to the capital market.Lav Chaturvedi, Executive Direc
Former Swansea City chairman Huw Jenkins reveals Charlton takeover stance with deal 'in the balance'
Jenkins spent 17 years at the helm in SA1 but left last season following a frantic transfer window
Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member
New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 25, 2020 /PRNewswire/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an onl...
Tiger Brands faces R500 million-plus hit to profit because of lockdown
South African packaged goods group Tiger Brands says that the nine-week high level lockdown has cost it half a billion in profits, as the group faces procurement pressure, global supply chain issues and pricing regulation.
Fractional Shares: Why It’s in the News
Have $5? Then you could start building wealth today.
Why choose a business course? Creativity, teamwork alongside enterprise
Consider average class size, work experience, project work when choosing your course
COVID-19: CREDAI writes to PM, seeks immediate relief for sector
Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic. The association, which has
Swiss National Bank Acquires 69,600 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)
Swiss National Bank increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,875 shares of the casino operator’s stock after purchasing an additional 69,600 shares during the period. Swiss National Bank owned […]
UCD academics call for virus safety incentives for businesses
Study shows businesses that invest in workplace safety 20% more likely to ‘go under’
Rafa Benitez eyes Newcastle return and potential Chelsea transfer raid
Rafa Benitez eyes sensational return to Newcastle and has identified two England stars as his first couple of signings
Life insurance firms record 45% degrowth in April, but post-COVID future bright
Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward
Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
Gold – the solution to a $5,300,000,000,000 money printing problem
Defend your portfolio against inflation with gold.
Kotak Bank cuts savings rate to 3.5% for up to Rs 1 lakh balance
This is the lender’s second cut to the savings rate in as many months and brings its interest rate on savings accounts at par with that of the much larger Punjab National Bank (PNB).
OPKO Health: A Hero Against The COVID-19 Villain But Has To Control Those Expenses Going Forward
The company has been able to rapidly ramp up testing for COVID-19. Its revenue figures are down as sales of its other products have been affected by confinement
Coronavirus could bankrupt German FA, warns treasurer
The coronavirus crisis could "potentially threaten" the existence of the German Football Association (DFB), its treasurer has warned Monday.
Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020
Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.
Coronavirus | Low volume of cases but more affected areas
Health officials are looking out for some areas where there could be community transmission.
Brazil turns to multilateral lenders in coronavirus crisis
BRASILIA — Brazil’s government hopes to borrow $4 billion from multilateral lending organizations to finance expenses related to the coronavirus crisis, including emergency supplementary payments and other social support programs.
Shoppers line up as Ross Dress for Less stores reopens | Honolulu Star-Advertiser
If two months in isolation taught the Lutu family anything, it was this: They needed more forks.
Tesco announces two big changes to Clubcard scheme - and it's good news
The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up
The new normal: How coronavirus pandemic is changing consumer behaviour
Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which
First deadlines for laid-off workers to get health insurance | Honolulu Star-Advertiser
WASHINGTON >> Many laid-off workers who lost health insurance in the coronavirus shutdown soon face the first deadlines to qualify for fallback coverage under the Affordable Care Act.
Why Washington should rush more economic aid to the states
The economy is in more dire straits than Washington politicians behave, and they need to put aside their partisan agendas and fencing on Twitter to save it.
EU eyes first face-to-face summit in months to haggle over budget
BRUSSELS (Reuters) - EU leaders may meet for a face-to-face summit in the coming weeks to bargain over the next joint budget and a linked coronavirus recovery fund, suspending lockdown rules imposed to contain the pandemic, diplomats and officials said.
Nine forests in Dublin mountains to be upgraded for recreational use
The forests have been managed by Coillte primarily for commercial purposes to date
WTI consolidates the bounce above $33 mark amid intensifying US-China tensions
WTI (July futures on Nymex) is defending minor bids on the 33 level after having failed several attempts to take out stiff resistances aligned near th
CEO buys struggling New Zealand media company for $1
WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.
Carer in floods of tears as B&M shopper berates her for 'spreading germs'
Kimberley Simpson took to Facebook after a B&M shopper berated her for 'spreading germs' because she was wearing her uniform, which left the key worker in tears
Williams-Sonoma, Inc. (NYSE:WSM) Shares Purchased by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,633 shares of the specialty retailer’s stock after acquiring an additional 37,327 shares during the quarter. First Trust Advisors LP owned 0.15% […]
PNB Scam: Interpol to expedite arrest of Nirav Modi's brother
Nehal reportedly handled Nirav Modi's Twin Fields Investments and Bailey Bank and Biddle, and allegedly laundered over $100 million for his brother
California to allow places of worship to reopen, in-store retail shopping to resume
California will allow houses of worship to open for in-person services at reduced capacity and let retailers open for in-store shopping, state officials announced Monday.
Why did a cloth brand once promoted by Bond and Bachchan shut shop in India?
Did miscalculated branding end the 180-year brand’s run in India?
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .
Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.
JA Solar to Showcase New Lineup of PV Modules During Online VR Exhibition
BEIJING, May 24, 2020 /CNW/ -- JA Solar ("the Company"), a leading manufacturer of high-performance photovoltaic products, will hold an online exh...
Realme Watch is a budget smartwatch that monitors blood oxygen saturation levels
The Realme Watch has been unveiled in India, and there's a lot to like. The smartwatch has a 1.4-inch LCD panel and monitors blood oxygen saturation levels and 24/7 heart rate tracking. With the Realme Watch going on sale shortly for just ₹3,999 ($52), it could just be the budget smartwatch to beat in India.
Gold rates today hikes in Delhi, Chennai, Kolkata, and Mumbai - 25 May 2020
Gold rates today on 25 May 2020: Gold rates have increased by a slight margin on Monday. These gold rates have been on rise after a fall for the last couple of days.
The Nigerian fraudsters ripping off the unemployment system
"Scattered Canary" group is scamming vital benefits programs amid the pandemic.
'He is unable to move his arms and legs': Snooker legend Willie Thorne is unable to feed himself due to sepsis after having treatment for leukaemia and is completely bedridden, claims his carer
Thorne was discharged from a hospital in Spain after a period in which he underwent treatment for leukaemia before three blood transfusions and treatment for a virus after his diagnosis in march.
EUR/JPY bounces off lows near 117.00
The now better tone in the single currency is giving EUR/JPY extra wings, pushing it above the key 117.00 mark at the beginning of the week. EUR/JPY f
The new rugby deal that puts more pressure on Super Rugby's future
Rugby's move towards a private-equity driven future has gathered pace with reports that CVC Capital Partners' splurge into the Pro14 will bring the concept of a club world cup closer to reality.
Deep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic
This Deep Dive explores the methods bad actors are leveraging to scam bank customers and the methods FIs are using to stem the tide of fraud.
ETRADE Capital Management LLC Purchases New Holdings in Docusign Inc (NASDAQ:DOCU)
ETRADE Capital Management LLC acquired a new stake in Docusign Inc (NASDAQ:DOCU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,364 shares of the company’s stock, valued at approximately $496,000. Several other hedge funds and other institutional investors have also added to […]
Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)
Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]
Bigger payouts for Covid beneficiaries could end up benefitting everyone
There's more to the finance minister's controversial move than meets the eye, argues Max Rashbrooke. If you’re a current beneficiary, I can see how it looks like a slap in the face. Finance minister Grant Robertson yesterday announced that people rendered unemployed by the coronavirus will receiv
SA's corruption fighters may be crippled as justice sector faces cash crunch over Covid-19
The fight against corruption may falter while the country deals with the Covid-19 pandemic, as a budget cut of R1.7 billion is being "bandied about" for the already perennially cash-strapped justice sector.
Impact of COVID-19: Rethinking The Business Of Fashion
“Fashion is part of the daily air and it changes all the time, with all the events. You can even see the approaching of a revolution in clothes. You can see and feel everything in clothes.” —Diana Vreeland The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It […]
Big Price Hike On Entire KTM Lineup – RC125, Duke 125 To 390 Adventure
KTM India has bumped up the prices of all its motorcycles except for the KTM 790 Duke, all the motorcycles come with a slew of changes along with BS6-compliant engines
Indian Tea Association estimates Rs 2,100-cr revenue loss for tea industry in Assam, West Bengal during Mar-May
The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Based on last year's North India auction prices, the estimated revenue loss will be Rs 2,100 crore, ITA said.
Oil price rebound improves investors’ patronage, lifts index by 5.59%
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index...
Seven questions with Stuart Welch
Alphinity's Stuart Welch talks about why Cochlear has been disproportionately hurt during COVID-19, and why he prefers Transurban to Sydney Airport.
Germany's DAX 30 Index: German stocks closes at highest since early March, Lufthansa & Bayer lead the way
The DAX finished the first day of the week at its highest level since the beginning of March. The rally was supported by a better-than-expected Ifo in
Virus vaccine maker's bubble bursts after stock crashes
The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.
Fresh air will be a hot amenity in reopened offices — if companies can afford it
Not long ago, office landlords competed for tenants by advertising spacious roof decks and fancy exercise rooms.
CEO buys ailing New Zealand media giant Stuff Limited for one dollar
Boucher joined as a reporter in 1993 and has spent most of her career at the company
Xiaomi clears its 4G smartphone lineup - focuses on 5G now - Gizchina.com
Presently, the smartphone industry is moving into the hub of the 5G era. No doubt, the development of 5G is not complete yet. In addition, ...
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the...
Delhi has Covid-19 under control, says Kejriwal as cases increase in city
Kejriwal also said there are 250 ventilators with the government and only 11 are being used
Massive fire breaks out in Apoorti market godown
Grocery goods and general goods turned into ashes after a massive fire broke out at godown of Apoorti Super market at Govindpura Industrial area in the morning on Sunday. The godown of Apoorti Super market was gutted in fire due to short circuit borne fire in the early morning hours and locals
New face of banking: Millennials prefer robot bankers to humans
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Forex - Dollar Drifts Higher in Thin Trade as Hong Kong Flares up Again
Three lakh Muslims offer prayers from their homes
Earlier in the day, the Muslims engaged in charity work and gave away gifts and food in parcels, keeping in mind the COVID-19 restrictions.
Casement Park: No agreement on £33m funding gap says Stormont
STORMONT has still not agreed how to plug a £33 million funding gap plaguing the Casement Park stadium project.
Mental health app downloads up 30% during pandemic, questions raised over their effectiveness
As reported by CNBC, nearly half of US citizens said the pandemic was harming their mental wellbeing back in April. With shelter-in-place rules prohibiting in-person therapy sessions, many turned to their smartphones for help, rather than opt for a virtual…
Growth Of Million-Dollar, One-Person Businesses Accelerates
US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.
UAE Exchange Centre starts refunding customers - but many still wait for their money
Many transactions had been delayed for two months as company seeks a way out
Succession Planning: Along with businesses, even families need to adopt, adapt to secure interests
While most UHNI individuals or families recognize the need for succession planning, not many are disciplined about it. For most, succession planning is something one pays attention to only on nearing retirement.
Celsius: Hold On For The Ride
Celsius's potential TAM is massive and should support many years of strong growth. Even with COVID-19 substantially disrupting marketing, the company is still s
Hindustan Zinc Rating: Buy — A steady performance in the quarter
But for Covid-19, volume scenario for FY21 was bright; dividend outlook and execution of 1.2-mtpa project behind ‘Buy’ rating
‘Cognizant determined to emerge stronger from Covid crisis’
Thanks to a strong balance sheet, close partnerships with associates/clients, and digital imperatives, says Brian Humphries
Apollo's Ventia asks for $1.6b, five banks on board
Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market.
Reliance Industries launches JioMart service across cities, offers discounts: Here's how to buy groceries, place an order
Customers can now log on to the newly-launched website jiomart.com to place an order
Central bank printing presses might be in overdrive, but inflation is not the real threat here
Martin Pelletier: Many are underestimating the real risk that the economy may not return to pre-crisis levels for some time
Bust-up over climate weighs on EU-UK talks, risks trade rifts
BRUSSELS (Reuters) - Britain’s refusal to seal climate commitments in a new deal with the European Union to govern their relations after Brexit has become a stumbling block in their deadlocked talks and raises the risk of future trade disputes.
German government takes 20% stake in $10B Lufthansa bailout
May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
Odion Ighalo: China return likely for on-loan Man Utd striker
Striker Odion Ighalo looks set to return to China when his loan deal expires on 31 May, with Manchester United struggling to agree an extension with Shanghai Shenhua.
Gorakhpur teacher suspended over ‘pro-Pak lines’ during online class
Shadab Khanam was trying to explain nouns to students of Class IV when she posted the alleged “pro-Pak” sentences on a WhatsApp group.
Health, leisure worst hit by 'double dipping' ruling
A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.
Pharmacies and chemists issue coronavirus cash crisis warning to Boris Johnson
EXCLUSIVE: Neighbourhood outlets face a looming £300million problem after they were advanced cash to deal with Covid-19
Developers could pay compensation after class actions from buyers allege GST was incorrectly charged
A Canberra developer has been ordered to pay a woman almost $30,000. This came after a class action where buyers alleged they were incorrectly charged GST.
Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion
OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ
What's Open And Closed On Memorial Day 2020
Monday is Memorial Day. While all the days might be blurring together right now, the day is a federal holiday, which means some places might not be open that typically have been recently....
‘Impact investing is going to be the mainstream’
Aavishkaar’s Vineet Rai believes that Covid-19 has forced the world’s richest people into thinking more about resilience than returns
Household fragility points to post-COVID pain
New data suggesting two in five households have a buffer of less than one month’s pay if they lose their jobs adds to calls for the government to keep stimulus measures in place.
Finances And Coronavirus: Threats And Opportunities In Lockdown Era
The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term
Monday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
An Analysis Of Dropbox And Box For The Work-From-Home Era
Box revenues are growing but growth is slowing. R&D could improve the current offering. Quarterly earnings give hope there are still near-term headwinds. Dropbo
Coronavirus impact: Tata Group top rung to take 20% pay cut
Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company
The Week Ahead
The economic calendar is light. With shutdowns easing in May, April data is too dated to be of much interest to investors. The preliminary May PMIs last week of
Hey Las Vegas motorists, don’t drive impaired as businesses reopen
As more businesses open up across Nevada, especially ones that serve alcoholic beverages, traffic officials are urging drivers not to get too excited and get behind the wheel impaired.
Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal
Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%
More people seeking help at Nth Canterbury food banks
Food banks are helping a part of the North Canterbury community they don’t normally have to support as the Covid-19 crisis continues to bite....
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
Economist Brian Easton says the media treat budgets as bit of a circus: lots of theatre and soon forgotten. For a serious economist they show how the official team of economists is thinking about the wider economy
USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC
Economists across the board have revised the Colombian GDP lower. Luis Hurtado, an analyst at CIBC Capital Markets, forecast the USD/COP pair trading
Derby tea rooms to reopen for takeaways after tough few months
The family-run business was hit by Storm Dennis and then the Covid-19 pandemic
Investors are underestimating Beijing's response to the pandemic
Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.
Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares
Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
Clean Up America Tour Continues in Democrat-Controlled Philadelphia
Scott Presler's latest clean up America and register voters campaign took place in Philadelphia during the Memorial Day weekend.
In race for tourism, Greece reopens cafes, island ferries
Greece restarted regular ferry services to its islands Monday, and cafes and restaurants were also back open for business as the country accelerated efforts to salvage its tourism season.
UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down
Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August
HSBC board rethinks overhaul and seeks even sharper cuts
More drastic action sought three months after unveiling plan to slash 35,000 jobs and $4.5bn of costs
Why House of Representatives resolved to probe Chinese loans
A Peep into the mindset of House of Representatives’ member, Hon. Ben Rollands Igbakpa offers an insight as to why the lower legislative chamber resolved
Delay in projects to impact profitability in FY21, says Cochin Shipyard
There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts
SpaceX reaches for a milestone in spaceflight
On 27 May, two US astronauts are planning to launch from the Kennedy Space Centre on a mission to the International Space Station. What’s remarkable is they will not be launched by Nasa but by a private company.
GUJCET 2020 admit card to be released 10 days before test, check at gseb.org; exams to be held on 31 July
Gujarat Secondary and Higher Secondary Education Board (GSEB) will release GUJCET 2020 admit card 10 days before the exam date.
Green & Gold Cleaning Ramping Up for COVID Re-Opening, Growing Demand
Business is booming for Green & Gold Cleaning.With the province gradually re-opening and the business sector returning to work, cleanliness is going to
Supplies of smartphones, tablets, laptops hit due to lower production & distribution workforce
Two senior industry executives said brands like Apple, Xiaomi, Oppo, Vivo and Realme are facing supply issues with operational plants running at 30-35% capacity and several warehouses are not able to operate normally.
Indian Tea industry suffers loss of Rs 2100 crore in WB and Assam
Kolkata: The tea industry in two states, West Bengal and Assam is staring at a loss of around Rs 2,100 crore due to the Covid-19 pandemic as production has dipped by a whopping 65 percent in the past two months.
European consumers stockpile savings, adding to economic drag
Bank deposits surge as households seek to shield themselves from impact of coronavirus
Pachinko upgrades to boost NAND flash demand
Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...
New Zealand's largest media company being sold for just $1 to its CEO
Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge
Call of Duty: WWII free on PlayStation Plus starting May 26
Full June PS Plus lineup still to be revealed
COVID-19: New cases jump to 172 today, 92% are non-Malaysians
The number of new COVID-19 cases have jumped to 172 new cases today, which is the first time Malaysia records more than 100 new cases since the CMCO took effect on 4th May. This brings the total number of infections to 7,417.
The artisans behind Italian fashion tremble at their future
Until recently, some of most intricately embroidered fabrics in the world, like those found in garments designed by Giorgio Armani, Valentino, Etro and Prada, have come out of a duplex apartment complex in Milan, the home of a small business called Pino Grasso Ricami.
CEO buys ailing New Zealand media giant for one dollar
Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.
New Balance's MTL575 Made in UK Is a Bold Nod to Harajuku
Inspired by Tokyo's '60s-era TVs and Japan's national flag.
What to expect as Aryzta prepares to publish results?
A shareholder plan to oust a chunk of Aryzta’s board will be a key focus for investors tomorrow as the embattled Swiss-Irish baked goods company releases third quarter figures.
Chocolate company adapts to new normal
A restructure in the wake of Covid-19 has put Jim O’Malley back at the helm of Dunedin chocolate-maker Ocho. Before the outbreak, Ocho was...
Kotak Mahindra Bank slashes interest 0.50% rate on savings deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 percent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
Centre’s Covid response ticks all boxes
The stimulus package addresses demand and supply issues, while boosting production to help India be part of global supply chains
Frydenberg’s changes to shareholder class actions smack of ‘cronyism’, lawyers say
The move has been made using emergency Covid-19 powers and favours company directors, they say
Thai researcher eyes affordable, accessible coronavirus vaccine for SE Asia
BANGKOK (Reuters) - A researcher leading Thailand’s push to manufacture a coronavirus vaccine says its aim is to make it cost-effective and accessible to Southeast Asia, and play a part in preventing a supply shortage globally.
JAFL Litigation Funding Partners Limited (the Company) – Press Release And Investor Update
FeltexClaimants now have until Monday 13 July 2020 to complete Stage 2 funding. The decision of Justice Dobson dated 22 May 2020 (the decision) suggests at [86] a Stage 2 trial date of 27 October 2020 for a hearing of up to 6 weeks.
Payments for CERB top $40-billion as feds open doors for commercial rent help
Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday
Companies must adhere to strict health, safety protocols - Ramaphosa
The president warned that the risk of a massive increase in COVID-19 infections would be greater as the economy opened up and millions of more people returned to work.
FEC shrugs off market worries over Bourke Street tower
Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.
Dearly departed: 9 big sedans that simply couldn't survive South Africa
After a mere two years, the Volkswagen Arteon has been discontinued in South Africa. We look at other big sedans that failed to survive here...
Asian shares reverse early gains, eyes on China-US trade relations
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.
NNPC, subsidiaries have 6,621 staff nationwide – Report
In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has
Lexar launches NM700 NVMe M.2 series with speeds of up to 3500 MB/s starting at $79 USD
The PCIe Gen3x4 drive features 3D NAND, LDPC and five-year limited warranty as standard. It's also one of the least expensive NVMe options with read rates of up to 3500 MB/s.
Want a greener recovery? Here are three ways to do it
As policymakers search for ways to jumpstart an economic recovery, several members of Congress are renewing a push for a massive green stimulus package.
Senior Living: Having a will makes good sense, but many still need one
Most people know the value of having a will, but I am still surprised by how many people who still don’t have one
This Week: New home sales, US GDP, consumer spending
A look at some of the key business events and economic indicators upcoming this week:
Brands, local and global, get vocal about their Indian roots
According to senior people in several companies The Indian Express spoke with soon after the Prime Minister said that every Indian “has to become vocal for their local, not only to buy local products, but also to promote them proudly”, C-level executives scrambled to come up with a plan to get the brand’s messaging across.
Patriotic Poles led astray by mis-labelled Ukrainian cucumbers
WARSAW (Reuters) - Local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as home grown, Poland’s anti-monopoly office said on Monday.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the
Court rules $51 million RFS donation cannot be distributed to other charities
The extraordinary sum was raised on Facebook by comedian Celeste Barber during the bushfire crisis.
EUR/GBP alternates gains with losses near 0.8950
The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile