Economy 1903
Delta Exchange Launches Interest-Bearing Accounts for Crypto Traders
Delta Exchange, a crypto derivatives platform, announced on Wednesday the launch of interest-bearing accounts for its customers.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Sun Pharma's Q4 pre-tax profit down 17% at Rs 577 cr on multiple one-offs
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
Loan moratorium: It is better for credit card customers to either clear dues or opt for EMI to avoid interest burden
The extension of the moratorium on term loans by another three months till August 31 is a big relief for many borrowers but experts advise that you should avoid it for outstanding credit card dues.Wit
Power of Attorney given to stock brokers: What’s changing from June 1, 2020?
In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of Attorney (PoA) issued by clients in favour of their stock broker, market regulator Securities and Exchange Board o
Boeing Job Cuts to Start Hitting Seattle-Area Workers This Week
Boeing Co. is poised to unveil deep job cuts to its Seattle-area engineering ranks this week as the planemaker shrinks its workforce to cut costs amid the sharpest contraction in aviation history.
Ilhan Omar: Israel has too Much Influence on Trump Administration
Rep. Ilhan Omar compared Israel with Saudi Arabia in an interview, saying both countries used money to influence the Trump administration.
PM CARES now eligible to receive contribution under CSR; govt amends Act
The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26
Blanket ban on recovery impractical, say bankers
India Business News: Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protec
Japara flags major impairment,says conditions are tough
The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.
EU proposes $825-billion coronavirus recovery fund
The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling
KSDP makes a remarkable turnaround
State government’s drug manufacturing facility records profit of ₹7.13 crore
Challenger insurers are doing better than banks during COVID-19
In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
ATO flags regional office closure
The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.
Sex workers reveal best positions they think may limit the spread of coronavirus
They also say sex workers should wear mouth and nose coverings at all times.
Japan eyes fresh $1.1t stimulus to combat pandemic pain
The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.
Japan approves fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
Coronavirus outbreak: CM Chouhan claims doubling rate of COVID-19 cases stands at 21 days
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said the doubling rate of COVID-19 cases in the state was at 21 days, which is better than the national average.
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.
Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank
Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]
Pearl Jam, Ben Gibbard, Brandi Carlile, Dave Matthews to Play Virtual Relief Concert
The concert airs on June 10
RIL launches WhatsApp chatbot to answer rights issue queries
Reliance Industries Ltd (RIL), a company controlled by Asia’s richest man Mukesh Ambani, has launched a chatbot to provide answers to shareholders on its ₹53,125-crore rights issue.The chatbot, the fi
Media company Torstar to go private after sale to NordStar Capital in $52M deal
NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private
Exploring the use of 'stretchable' words in social media
An investigation of Twitter messages reveals new insights and tools for studying how people use stretched words, such as "duuuuude," "heyyyyy," or "noooooooo." Tyler Gray and colleagues at the University ...
Global stocks mixed on unease over Hong Kong security law
Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.
Why bonds are in great demand
Despite the high investor interest, it is important to understand bonds and the factors causing price movements in them.
South Dublin office investment sells for €1.35m
Private investor in line for 6.73% yield from purchase of fully let Sandyford property
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
A historically accurate technical indicator is warning about a 50 percent bitcoin price crash in the coming months.
Holiday deals hoping to encourage domestic tourism
Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...
Silver futures dip 0.44% in afternoon trade
In the futures market, silver for July delivery touched an intraday high of Rs 47,847 and a low of Rs 47,370 per kg.
Broadway League Head Hopes Theaters Will Reopen in January
Charlotte St. Martin tells The Daily Beast Broadway is seeing a loss of $35 million per week during the shutdown
NCLT approves IL&FS stake sale in GIFT City to Gujarat govt
That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group
Affordable Insulin For Seniors Presents The Playbook To Lower Drug Costs
President Trump announces a plan that will significantly help seniors in the war against rising prescription drug prices, which is an issue that has been particularly hurting older Americans for years, and now more significantly during the Covid-19 pandemic.
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
ALEX BRUMMER: Landlords take a brutal beating... and the recovery is not going to be easy
Amid the constant tussle between commercial landlords and retailers it is the property owners who are often portrayed as villains. Traditional bugbears play their part in this.
Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid
The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
ANALYSIS: Vegan boom is heading for a meat-fuelled bust
Vegan companies were struggling with increasing costs even before the coronavirus pandemic.
'Put them in a spacecraft and fly them to Mars': Abigail Disney hits out at 'feral' billionaires, saying Bezos has transformed into Darth Vader, Elon Musk is a narcissist and Peter Thiel is a menace
Answering who the 3 most 'toxic billionaires' were, Abigail Disnet named Jeff Bezos, Elon Musk and Peter Thiel. She said Bezos was like Vader.
Here’s why 3 Wall Street analysts just boosted their Apple price targets
A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.
Why the people rushing to get life insurance now are doing a smart thing
The pandemic has opened people’s minds about the need to protect dependants in case of an emergency
Iron Mountain: Strong Operating Results Despite COVID-19
Iron Mountain recently declared its dividend in line with the previous, which is excellent news in a difficult economic environment such as the one we are curre
The Jadon Sancho transfer sweetener that could earn Manchester United a double success
Ole Gunnar Solskjaer wants to bring the former Manchester City youth to Old Trafford.
In 2019, Lagos, Rivers, FCT, Ogun earned more than other 33 states combined — NBS
The quartet of Lagos, Rivers, the FCT and Delta states had a combined internally generated revenue more than all other 34 states of the federation...
EU Commission: European recovery plan and next long-term budget to use €1.85 trillion
The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t
Renault, Nissan, Mitsubishi outline new plan to survive coronavirus crisis
On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported
Port Coquitlam mayor worried about China's reaction to Meng Wanzhou court case
Port Coquitlam's mayor says Canada needs to have a more balanced relationship with China.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Orange County sheriff says he won't enforce public mask order
The Orange County sheriff on Tuesday made it clear he will not enforce an order issued over the weekend requiring people to wear cloth face coverings in public.
Forex Today: sentiment tosses and turns
What you need to know on Thursday, May 28th: Speculative interest remained sensible to sentiment-related headlines, trading in consequence. The main r
Why Many Cloud Computing Stocks Crashed Today
The stocks behind popular cloud-based business services such as Okta, Datadog, and Twilio fell sharply on Wednesday.
Kentik raises $23.5M for its network intelligence platform
Kentik, the company once known as CloudHelix, today announced that it has raised a $23.5 million growth funding round led by Vistara Capital Partners, with existing investors August Capital, Third Point Ventures, DCVC and Tahoma Ventures also participating. With this round, Kentik has now raised a total of $61.7 million. The company’s platform allows enterprises […]
India may need to pump $20 billion into coronavirus-hit state banks
The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.
Over $500m to help digital transformation of companies
More than 32,000 people have been infected in Singapore, leaving 23 dead. The Covid-19 pandemic has wreaked havoc here and across the globe, and upended all economies. One irony, though, is that the pandemic has accelerated the drive for digital transformation among...
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Video Shows Man Set Hotel Office on Fire During Attempted Robbery
Surveillance footage from a North Texas hotel captured a rather unconventional robbery attempt. The arsonist entered the Budget Host Inn in Fort Wo...
Target - On Target, Fairly Valued
Target is enjoying real momentum in sales, driven by digital and essential categories. The store base and specific headwinds in certain categories, including th
End of Teshie chieftaincy saga as Gbetsoolo joins Greater Accra Regional House of Chiefs
Gbetsoolo Nii Ashitey Akomfra III, Teshie Mantse has finally resumed his rightful place as a member of the Greater Accra Regional House of Chiefs.
Dunkin' Brands: Strong Brand At A Decent Price
Dunkin' has a strong brand that has allowed the company to grow steadily in the past. There will be uncertainty regarding customer consumption behaviour due to
Labourer makes hats from coconut fronds
He picked up the skill from the Internet.
Tracking Dan Loeb's Third Point Portfolio - Q1 2020 Update
Dan Loeb's 13F portfolio value decreased from $8.70B to $6.27B this quarter. The number of positions decreased from 37 to 30. Third Point increased Amazon and C
Uday Kotak wants world to 'hire Indians', says country capable of producing top-class human capital
The Kotak Mahindra Bank CEO rejected the notion that Indian engineers are inferior to the ones in the US.
Probing Luxury Shoppers in Perilous Times
New York-based Spark Ideas says it gets rich insights from luxury consumers through mobile ethnography.
Olympic chief Bach consults with IOC members over virus fallout
Olympic chief Thomas Bach held a series of talks with IOC members on the potential consequences of the coronavirus pandemic.
GE switches off light bulb business after almost 130 years
GE started with lighting, but today it’s more of an “industry and debt” firm.
SMBs Can Apply for Full Paycheck Protection Program (PPP) Loan Forgiveness
Small businesses can now apply for a full paycheck protection program (PPP) with loan forgiveness. To qualify organizations must show 75 percent of their loans were used on payroll and the other 25 percent was spent on expenses like rent or utilities.
Lagarde: It’s even worse than we thought
ECB president supports more public spending as milder economic predictions are ‘out of date.’
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil
World’s top companies, including Apple, borrowed $1 trillion in just five months
Borrowing a trillion dollars has rarely been cheaper for the world's biggest companies, and the likes of Oracle, Apple, and Boeing are taking advantage.
Netflix's Filthy Rich: 6 Things to Know From Vanity Fair's 2003 Profile on Jeffrey Epstein
Six takeaways from Vanity Fair's 2003 profile on Jeffrey Epstein, written by Vicky Ward, featured in Netflix's new documentary Filthy Rich.
Alleged Fraud: EFCC lawyer's absence stalls Oyo-Ita's trial
The trial of the immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, was on Wednesday stalled due to the absence of the lawyer
Nevada joins lawsuit over fuel efficiency
Nevada and a coalition of nearly two dozen other states Wednesday sued the Trump administration over a federal rule that rolls back vehicle emissions standards.
European Commissions unveils €750-billion recovery plan
The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday
Amtrak Plans Deep Workforce Cuts Ahead of Slow Pandemic Recovery
Amtrak projects ridership will return to just half of 2019 levels in its upcoming fiscal year beginning in October, Amtrak Chief Executive Officer William Flynn said in a memo to employees.
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, under plans approved Wednesday. . .
Home is where the accidents are
Surgeons are seeing almost 15 to 20 cases in a month as compared to just 1-2 freak accident cases previously While road traffic accidents drastically dropped during lockdown period, there was a spike .
Tom Hanks and Daryl Hannah sharing 'Splash' memories over video chat is a fun watch
The lobster scene was a bit of a mess.
'It's outrageous': inside an infuriating Netflix series on Jeffrey Epstein
Jeffrey Epstein: Filthy Rich synthesizes legal information with first-person testimony of the billionaire’s abuse and bought immunity into a shocking watchIt’s difficult to watch Jeffrey Epstein: Filthy Rich, a four-hour Netflix series on the now-deceased convicted sex offender without a choking sense
Geely Chairman wants more cooperation with Daimler, report says
Geely Chairman Li Shufu looking to expand further with Daimler
Govt to discontinue 7.75% saving bonds from May 28
The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the
SoFi Sees Investor Accounts Double Thanks To Fractional Shares
The CEO of SoFi, the personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares.
Kuwait's stocks reclaim some lost ground
But it will take a lot to head back after billions got wiped out in COVID-19 panic
USD/JPY traders weigh a massive cocktail of mostly toxic risks
Uncertainty is playing out and USD/JPY is in focus. Markets are caught between prospects of the global economy opening-up and the downside risks of se
Rising global crude price raises India's basket 93% to $33
The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63
MPA, NATO Ask Congress for Temporary Liability Relief as Businesses Reopen
The letter, sent by the U.S. Chamber of Commerce and signed by over 200 trade and business groups, calls for Congress "to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic."
Harare man jailed for conning a Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.Fradreck Utsiwegota appeared ...
EnergyWare, LLC Extends Thanks to Its Customers
SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...
NFL Rumors: Eagles Could Acquire Leonard Fournette From Jaguars For Late-Round Pick, Per ‘Bleacher Report’
Although the Jacksonville Jaguars weren’t able to move Leonard Fournette during the 2020 NFL Draft, trade rumors have continued to swirl around the former No. 4 overall draft pick. And with the ...
Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds
The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices
Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.
Airtel's stake sale to get ready for a bigger fight with Jio
Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board
OnePlus CEO confirms company is working on cheaper smartphones
Pete Lau says OnePlus is exploring cheaper phones and denies BBK link in exclusive interview with Fast Company
Climate-friendly almond farmers coax life from drying Spanish soil
In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques ...
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Moderate participation expected in spectrum auctions: ICRA
IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at
JNU Prof’s Fix for Economy’s Revival Post Lockdown
According to Mumbai-based think-tank, Centre for Monitoring Indian Economy (CMIE), more than 122 million Indians — mainly daily wage … JNU Prof’s Fix for Economy’s Revival Post Lockdown Read More »
Pound Sterling "Blown Off Course by Frosty Brexit Talks", Dips 0.5% against Euro and Dollar
The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks
French Tennis Federation to help lowly ranked players financially
The French Tennis Federation (FTF) will shortly launch a relief fund totaling 35 million Euros next week, with a million Euros
Toyota tops the list, Tesla climbs the ranks in Australia's most trusted car brands
The automotive industry is the fifth most-trusted business sector in Australia, but buyers have more faith in some brands over others.
CBS is TV's most-watched network for 12th year in a row
The winner, and still champion, is CBS.
DNS traffic and DDoS events rise during pandemic
New research from DNS intelligence specialist Farsight Security, focusing on over 300 leading websites, finds that between March and April there has been an increase in DDoS events involving popular brand names.
Genesis Energy LP: Too Risky For The Current Environment
Even though it shows some rebound after March lows, Genesis Energy LP remains a risky buy in the current environment. The stock shows high volatility and a high
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...
Reliance’s $7 billion rights rings in new trading venue in India
Reliances rights entitlement began trading on May 20 at 151.15 rupees.
Four recruitment firms join hands to help India Inc return to work
India Business News: Four global HR services companies -- Randstad, The Adecco Group, ManpowerGroup and Gi Group -- have formed an alliance to “help India get back to work
Oil falls on U.S.-China tensions over Hong Kong
Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09
Oil halts rally near $34 on signs of Russia easing supply cuts
Moscow wants to scale back output curbs in line with the OPEC+ deal
Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER - Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset co
Work to demolish fire-damaged hotel starts this week
A Canterbury hotel that was completely gutted by fire on Christmas Eve is set to be demolished to make way for a new pub. Kirwee Tavern licensee...
This Energy Stock Plans to Maintain Its 10%-Yielding Dividend
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
TikTok parent ByteDance 'clocks up €2.7bn in profit' on lip-synch craze
TikTok’s parent ByteDance generated more than $3bn (€2.7bn) of net profit on over $17bn in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate.
Yuan slumps on Sino-US tensions
Friction between the world's two largest economies led to the yuan falling to its lowest level in nine months on Wednesday.
Israel Discount Bank Q1 profit dips on spike in credit loss provision
JERUSALEM, May 27 (Reuters) - Israel Discount Bank reported a 31% decline in quarterly profit due to a sharp increase in credit loss expenses aimed to protect itself from potential bad loans stemming from the coronavirus outbreak.
Aston Martin appoints ex-AMG boss Tobias Moers as new CEO from August 1 – Andy Palmer steps down
Tobias Moers After some speculation, Aston Martin Lagonda has now confirmed that Andy Palmer will be stepping down as president and group CEO of the
French political power couple lose appeal against money-laundering conviction
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall fr…
Coronavirus Refunds: AT&T DirecTV Customers Will Receive Credits For Sports Subscriptions
The DirecTV business of AT&T is providing MLS Direct Kick and MLB Extra Innings subscribers with credits for payments they have made for their plans.
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
B2W - Gain Exposure To The Brazilian Online Retail Sector
Brazilian e-commerce has been growing at 11.1% for the past two years and is projected to grow by 5.5% for the next three years without considering the effects
VTA’s suggestion to MSME Minister Gadkari on GECL
Recently Government of India notified the Rs. 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for Medium, Small and Micro Enterprises (MSMEs) under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Under this GECL scheme, MSMEs borrowers having Rs 25 crores of […]
Startling Figures Reveal Extent Of Government Support For Beleaguered Economy
Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy
VerifyME, Jobberman join skills towards robust last-mile authentication
Know-Your-Customer, KYC, technology company, VerifyMe, has entered into partnership with Lagos-based job portal, Jobberman.
No wonder the betting industry keeps gambling with lives like my father's when they are only fined a pittance, writes campaigner ADAM BRADFORD
ADAM BRADFORD: The death of 25-year-old Chris Bruney (pictured), an electrical engineer with a good career and his whole life ahead of him, will seem inexplicable to many people.
Pakistani bid to form group of OIC envoys at UN foiled
The UAE, Maldives oppose proposal for the group on Islamophobia.
Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package
Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.
Bank of Montreal (BMO) CEO Darryl White on Q2 2020 Results - Earnings Call Transcript
Bank of Montreal (NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Direct
Woman who won appeal after killing husband can inherit his estate – judge
Sally Challen’s murder conviction for the killing of Richard Challen was quashed last year.
ICTU warns against 'cliff edge' removal of COVID-19 payments
The head of the Irish Congress of Trade Unions (ICTU) says income supports, such as COVID-19 pay...
What is the difference between subsidized and unsubsidized student loans?
One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.
ETF route: Bharat Bond to help CPSEs raise Rs 34,000 crore in FY21
Debt mobilisation via this route might rise to Rs 50,000 crore or higher in FY22
CBN okays reliefs on loans in OFIs sector - The Nation Nigeria
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9%
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses, Business Insider - Business Insider Singapore
Business Insider - Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.. Read more at businessinsider.sg
ACB Stock Price: Aurora Cannabis Inc. remains on the defensive below $16.00
Aurora Cannabis Inc. (ACB) is down for the third consecutive session on Wednesday, slipping back below the $16.00 mark per share and flirting at the s
Businesses give up office space in Sydney CBD
The amount of office space in the Sydney city centre available for sub-lease has hit its highest level since the early 1990s recession.
S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags
Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com
Investors need to embrace ‘The Lobotomy Paradigm’ and how to build a portfolio for what comes next
A roundup of investment ideas for active investors
Global energy investment may see a record fall in 2020 over Covid-19: IEA
Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill
Philips Avent’s final swansong before factory closure
A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.
SpaceX Launch Postponed Due To Poor Weather Conditions
SpaceX is about to send two NASA astronauts into space for the first time, so here's how you can watch this event online.
Oil crosses $35 on signs of improving demand - The Nation Nigeria
OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks....
Long Island enters first phase of NY's reopening process
Long Island became the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it entered the first phase of the state's four-step reopening proces
Chicken Soup For The Soul Entertainment: This Streaming Company's 10.4% Preferred Yield Is Good For The Soul
Chicken Soup for the Soul Entertainment is an emerging streaming company. In Q1 2020, the company made a cash flow milestone, which should give preferred shareh
Girl With The Dragon Tattoo being given a TV series reboot
The new series comes after a previous TV reboot.
Staffing giants join forces to decode COVID-19 puzzle
Give a clarion call: ‘Help India Get Back to Work Safely’
EUR/GBP clings to gains near daily tops, still below mid-0.8900s
The shared currency caught some fresh bids in the last hour and lifted the EUR/GBP cross to daily tops, around the 0.8935 region. The cross stalled it
Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity
RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.
Making commercial laws in Kenya adaptable to deal with pandemic
ANJARWALLA & KIUNUHE: Making commercial laws in Kenya adaptable to deal with Covid-19
Coronavirus pushes global credit rating downgrade threat to record high
LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis shows.
Ringgit up against US dollar at close
KUALA LUMPUR, May 27 — The ringgit ended higher against the US dollar despite global risk sentiment and declining crude oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3510 against the greenback compared with last Friday’s close of 4.3610/3690. At press time, Brent...
Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction
While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.
Food in a Tinderbox
The restaurant industry is close to irreparable damage. Can it be saved?
Evidence of large groups responding more slowly to crises due to false information
A team of researchers from Carnegie Mellon University and Yale University has found that larger groups of people tend to respond slower to a crisis than smaller groups because false information can impede ...
Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19
Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.
Court rejects compo for woman who hurt hip after 'excessive socialising'
Danielle Dring, who slipped on wet tiles after a night of champagne, wine and cocktails on a work trip, has failed again in her bid for compensation from Telstra.
Aditya Birla Fashion plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
ECB’s Lagarde ‘not overly concerned’ about new euro crisis
FRANKFURT AM MAIN, May 27 — European Central Bank chief Christine Lagarde said today she was “not overly concerned” that the coronavirus pandemic could renew fears of the eurozone breaking up, after a report from the Frankfurt institution highlighted the danger yesterday. “I’m not overly...
White House organizes harassment of Twitter employee as Trump threatens company
The Twitter employee is now facing death threats.
Ola Electric to launch global electric two-wheeler; buys dutch scooter firm
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
In Spain, food aid queues grow as poverty outpaces 2008 crisis
MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...
Debt downgrades can push India bank fund raising to $20 billion
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.
Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)
Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]
No need to worry about food inflation for six months, says expert
The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this is sold through PDS at Rs 2-3 per kg, which involves a huge subsidy, he said.
Traffic free zone for Clifton Village sparks concern from businesses
Business leaders fear temporary plans to pedestrians parts of Clifton Village could become permanent - and damage trade
Merkel vows a ‘tough fight’ with Brussels over Lufthansa rescue
Merkel and Vestager brace for a fight over how far Berlin can go to save its flag carrier.
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]
Combating economic downturn post Covid-19 pandemic: Sync trade and FDI policies
Revise the existing institutional mechanisms for trade and investment policymaking to make policies more coherent and inclusive
Dow rises on reopening hopes, extending rally
NEW YORK, May 27 — Wall Street stocks were mostly higher early today on continued optimism about the reopening of the US economy as investors shrug off rising tensions between Washington and Beijing. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,308.55, up 1.3 per...
Lashify Brings Alleged Knockoff Manufacturer to Court in China
The brand claims Hollyren, one of the biggest Chinese manufacturers of eyelash products, is making unauthorized reproductions of its patented products.
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
Quarantined family returns to find house burgled
Items worth Rs 3 lakh allegedly stolen from their Ulhasnagar home
PPE kits not covered under insurance, yet cost 50% of COVID-19 treatment
Jayan Mathews, Co-founder and Chief Product Officer at healthcare financing platform Vital, expects the stakeholders to reach an agreement soon
University Of Nevada, Las Vegas Business School Answers The Humanitarian Call
In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.
Ola Electric acquires Etergo; will launch scooter in 2021
Ola Electric has acquired Amsterdam-based EV startup Etergo, and will launch an electric scooter in India next year.
Tencent tests appetite for first dollar bond in more than a year
Wechat operator is offering a four-tranche deal.
Nigerian man narrates how lady slept at his place and had asthma attack at 12am
A man called Ajibade Adedapo shared story of lady who came to sleep over at his place and had an asthma attack at 12am. He said she still wanted to get intimate
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis
New Rochelle, home to NY’s first Covid-19 cluster, slowly reopens for business
The New York suburb of New Rochelle, home to one of the first coronavirus clusters in the US, began to slowly reopen for business on Tuesday.
Toni & Guy and Regis hairdressers announce plans to open on 4 July
Our roots will be forever thankful.
Is American Airlines Worth Saving?
The U.S. airline industry is in the process of moving from payroll support grants which most carriers received to carrier-specific and optional loans from the U
Polis explains new restaurant dine-in guidelines
Restaurants in Colorado can begin offering limited sit-in dining starting Thursday under new guidelines approved by Gov. Jared Polis.
India may need to pump $20 bln into coronavirus-hit state banks: Sources
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
‘Terrace House: Tokyo's New Season Has Been Canceled After Hana Kimura’s Death
In the wake of cast member and pro-wrestler Hana Kimura’s death, Terrace House: Tokyo’s 2019-2020 season has been canceled. The announcement from Japan’s Fuji Television Network comes after the star of the Japanese reality TV series was found dead…
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019, Business Insider - Business Insider Singapore
Business Insider - ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.. Read more at businessinsider.sg
New turbulence in high-stakes Lufthansa rescue drama
Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'
RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28
“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.
Manchester United could land Juventus duo for £46m
Manchester United could sign Juventus duo and reported transfer targets Douglas Costa and Merih Demiral for a combined fee of less than £46m this summer.
Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ
RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Ombudsman's Report: Recruitment agency selected in search for interim CEO
A new chief executive officer is a step closer after councillors selected a recruitment agency to press ahead with the search for a fresh face to head up the City of Ballarat.
Angus gamekeeper finds Aberdeen man missing in hills for three days
An Angus gamekeeper carried a missing north east man to safety on his quad bike after finding him in the hills on the border with Aberdeenshire.
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.
Jack Link's Snacks worker dies of COVID-19 in South Dakota
An employee at a Jack Link's Protein Snacks plant in South Dakota died after contracting COVID-19, the company reported Tuesday.
Facebook Marketplace is open for businesses selling new products
The Marketplace used to only be a C2C platform but now there is a major B2C opportunity for US retailers.
EU Aims to Back Struggling South With Fiscal Shock and Awe
The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.
Ismail Sabri orders private business owners to strictly follow MOH’s guidelines in sanitising premises
KUALA LUMPUR, May 27 — Private business owners carrying out sanitisation efforts at their premises before resuming operations must strictly adhere to guidelines issued by the Health Ministry in terms of the disinfectant and chemicals used, Datuk Seri Ismail Sabri Yaakob said today. Ismail Sabri...
Google Rolls Out New Tools To Help Businesses Get Support From Customers
Google has launched a new feature for businesses to get help from customers as the pandemic takes its toll.
The full list of shops, restaurants and businesses the government has banned from reopening on June 15
Lockdown is easing, but not for everyone…
After 83% Rebound, It’s Time to Ditch Chevron Stock
With a sustained dividend minimizing downside, and big upside potential if oil prices rebound, Chevron stock may be a buy at today's prices.
News Corp to stop printing more than 100 Australian regional papers
Rupert Murdoch's Australian flagship media group News Corp announced Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on April 1 it was temporarily halting printing of around 60…
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore
Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg
LIC launches pension scheme with 10-year term policy for senior citizens
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios.
Googlers can start returning to work July 6, but on limited basis
Search giant Google will start welcoming employees back to offers beginning July 6 but on a volunteer and limited basis.
If Trump Moves RNC, ‘Our Whole Future Is Gone’
President Donald Trump’s threat to pull the Republican National Convention from Charlotte, North Carolina is gut wrenching for Ayman Abusamak. The president of A Step Above Limousine in Charlotte is counting on the GOP mega event to boost his business after the coronavirus pandemic wounded his fleet
Positive COVID-19 test for worker at House meeting place
A worker at the Springfield convention center where the Illinois House convened for a special session last week has tested positive for COVID-19, the office of Speaker Michael Madigan revealed Wednesd
Triumph Tiger 900 online bookings commence in India, launch in June 2020
Rally Pro will be the first to be launched in India, followed by GT and Rally variants
Dangote, MTN emerge most admired African brands
In his reaction, Group Chief Corporate Communication Officer of the Dangote Group, Anthony Chiejina, said the management was not unexpected of
UK lockdown drives fastest growth in grocery sales for over 25 years
LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...
Leeford Village drama serial to be broadcast over the airwaves
Two writers are getting ready to hear the first episode of their drama serial broadcast over the airwaves for the first time.
Plans for new activity centre
Vernon city council gave support to the plans for a proposed new active living centre at Kin Race Track.
Lukewarm turnout at liquor shops not a cause for comfort
KARAIKAL Though there was no overcrowding in front of the IMFL, arrack and toddy shops in Karaikal on Monday and Tuesday, purportedly due to the price hike, social activists express apprehensions that
EDITORIAL: Gov. Steve Sisolak lifts more restrictions amid ‘35-day downward trend’
Welcome news for workers, business owners.
Australian Custom Tailoring Start-up InStitchu Expands Into Women’s Wear
The company anticipates its custom-tailored women's wear offer could account for 30 to 50 percent of its business within 12 to 18 months.
Lithuanian man (34) in court over murder of man in north Belfast
A Lithuanian man has been charged with the murder of another man whose body was found in a house in Belfast.
Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official
The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital
Woman who won appeal after killing husband can inherit his estate – judge
Sally Challen’s murder conviction for the killing of Richard Challen was quashed last year.
Banks go digital to maintain social distancing in post Covid world
Contactless services set to gain ground
Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez
The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said
Farmers' Market returning
The Penticton Farmers' Market will be re-opening its outdoor market this Saturday, May 30, taking over its usual spot in the 100 block of Main Street.
New Wetherspoons pub plan approved for Merseyside
The plan represents a £2.2m investment in the town
Why Latin American airlines are going belly-up?
The move allows Latam Airlines Group to keep operating while it works out a plan to pay creditors and turn around the business.
Facebook reportedly had evidence that its algorithms were dividing people, but top executives killed or weakened proposed solutions, Business Insider - Business Insider Singapore
Business Insider - Despite internal research finding that Facebook's platform encouraged polarization, Mark Zuckerberg and other execs nixed proposals to fix things.. Read more at businessinsider.sg
COVID-19 to accelerate digital adoption in India
COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.
Covid to accelerate rebound in small cars, rural market: Maruti
Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
Anger as white woman reports black birdwatcher in Central Park to police
'I'm going to tell them there's an African-American man threatening my life,' she tells the black man while appearing to dial 911
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
Germany’s Scholz sees recovery fund as more than money
German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.
Fed could adopt yield curve control
A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government
Wigan to lose local radio station Wish FM with jobs 'at risk' in rebrand to Greatest Hits Radio
The station which was first broadcast out of Billinge 23 years ago, is currently based at Orrell Lodge
Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEA
PARIS (Reuters) - Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Queues and limited browsing in store for English shoppers
LONDON, May 27 — People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed...
UBS to set up fintech venture fund to speed up its digitisation
UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to finance start-ups which are disrupting the banking industry.
US Conference Board Consumer Confidence: Dollar risk premium subsides as market panic fades
Confidence edged higher in May after six-year low in second sign of consumer stability while New Home Sales ticked higher April, belying predictions f
Integral to Provide Workflow Automation to Velocity Trade
Integral announced that it has been selected by Jefferies’ TrueFX trading network, Velocity Trade, to update its workflow automation and trading technology.
Warner IPO music to Blavatnik’s ears
Warner’s shares are only decent value for investors willing — like so many aspirant musicians — to cede control to a managerial Svengali.
Call to avert domino-effect collapse of energy retailers
The proposed emergency reform comes as some smaller electricity retailers are feared to be only a few weeks away from going under because of the impact of COVID-19 on their customers.
This is when McDonald’s will reopen in Burton, Swadlincote and Uttoxeter, says the boss
It will initially be drive-thru only
Australian LNG Exports to Chinese Market at Crossroads as Trade Tensions Intensify
A healthy bilateral relationship will be important to Australian liquefied natural gas (LNG) exports to China, which will be the only meaningful market in the coming...
Many Americans say the pandemic changed their spending habits for the better, but experts are skeptical it will last
As state and local economies begin to reopen, Americans will be putting their newfound spending habits to the test.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
GBP/USD Forecast: Holding Support will be Key
The GBP/USD exchange rate rallied to a high of 1.2362 over the course of the past 24 hours and has since settled back at 1.2312 at the time of writing. Analysts and technical forecaster Richard Perry asks whether Sterling has what it takes to push higher
Virgin Atlantic suitors narrow with clock ticking on rescue
Ailing airline in need of emergency funding.
M&S announce permanent closure of Nottingham city centre store
Staff will transfer to the other city centre store
Beyond food rations: Six ways India can ensure nutrition security for its most vulnerable people
The country has adequate stockpiles of foodgrain. But how can it ensure a varied diet for its people during this crisis?
SBI reduces FD rates by 40bps, RBI stops sale of 7.75% bond
India Business News: State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Followin
Debt downgrades can push India bank fund raising to $20 billion
State-run banks will need $13 billion from the government to recapitalize.
Lufthansa supervisory board unable to approve bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over., Business Insider - Business Insider Singapore
Business Insider - Older workers typically work in jobs that cannot be done at home and that involve close contact with others.. Read more at businessinsider.sg
Etsy: Downgrading On Valuation And Competition
Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong
Apple Looking For Growth Return
Analysts see green again in December 2020 quarter. October iPhone launch may change the narrative. Another trade war could pressure shares.
'Starting point': EU's frugal members cool on recovery plan
Austria, the Netherlands, Denmark, and Sweden want emergency help for countries badly hit by the coronavirus to take the form of one-off loans
Japan doubles down on stimulus with extra $1 trillion in aid
Package includes financing for companies, rent subsidies and healthcare assistance
MPs' fury as betting giant dodges £3.5million fine for death of addict who was given a £400 'bonus' just hours before taking his own life
Chris Bruney, from Sheffield, took his own life hours after being plied with £400 of bonuses by staff at online casino Winner.co.uk, owned by Playtech.
Las Vegas police seek help identifying 4 from business robbery
Las Vegas police are seeking the public’s help in identifying four people who carried out a robbery at a business in the Las Vegas valley on May 11.
Jewellery, textile showrooms seek permission to open
TIRUCHI Faced with heavy losses due to the lockdown, owners of major textile showrooms, jewellers, utensil shops and other big commercial establishments have urged the district authorities to allow th
Facebook Stock to $1,000? It’s Possible Now Thanks to Shops
Newly announced Facebook Shops is a game-changer which cracks the ultra-valuable social commerce code, and could push FB stock to $1,000.
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
'There is nowhere to run to' - Covid-19 pandemic leaves immigrants desperate for assistance
"There is nowhere to run to … Life in my country is worse. People in my country are suffering more than us here who are in lockdown," a Cameroonian asylum seeker in Cape Town says.
Here's why 3 Wall Street analysts just boosted their Apple price targets
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Disney, SeaWorld to open
SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.
LiquidX Rolls Out Partner Program To Help Banks With Trade Finance
LiquidX is rolling out a new platform that offers supply chain finance, trade credit insurance and account receivables to corporate bankers.
EXCLUSIVE: AfDB 'whistleblower' allegations against me false -- Adesina
The president of the African Development Bank Group (AfDB), Akinwumi Adesina, told the bank's ethics committee that allegations of impropriety...
Global mobile phone shipments to decline 14.6% in 2020: Gartner
Due to impacts of Covid-19, shipments of total mobile phones are forecast to decline 14.6 percent in 2020
Job numbers plummet by 37,500 in April as COVID-19 economic impact cripples businesses
COVID-19 impact and restricted trading is heavily impacting the economy.
Masks Work.
A new perspective underscores the effectiveness of wearing a mask — even if you’re staying six feet apart
Renault-Nissan-Mitsubishi plan to deepen cooperation
Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and
Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
Opening Bell: U.S. Futures, Stocks Jump On More Stimulus, Economic Restarts
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Man Shoots Three People Dead Before Attempting Suicide in Western France - Reports
More than twenty gendarmes have been dispatched to the scene of the crime. The police have launched an investigation into the matter.
Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch
Record sale by value attributable to the high price of the metal in Indian markets.
AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]
Saudi Arabia: Tax authority begins inspections of shops in retail sector
Campaign aims to ensure commitment of shop owners to VAT system
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, under plans approved Wednesday by a city task force.
Flying high: SAA rescue practitioners defend their R30m fees
Rescue practitioners Siviwe Dongwana and Les Matuson have come under fire for the R30m in fees that they have invoiced and the R10bn spent on restructuring SAA since it was placed under business rescue on 5 December 2019.
Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property
Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)
Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]
Florida man shoots, kills home intruder who was attacking his wife, police say
A Florida man in his 70s fatally shot a home intruder who busted through the glass front door and began attacking his wife on Tuesday, investigators said.
Occidental Petroleum - Africa Asset Sales Collapse, What's Next?
Roughly $4 billion in Occidental Petroleum's planned asset sales haven't panned out in Africa. These asset sales were supposed to pay down debt. Fortunately, cr
Thanks to Covid, India shows highest surge in preference for e-commerce among these top nations
The hygiene and risk factors have contributed to the increased adoption of e-commerce channel among customers who have either been inactive in digital buying or preferred traditional channel for touch-and-feel factor before making purchases.
NASA set to resume human spaceflight from US soil with historic SpaceX launch
First spaceflight of NASA astronauts from American soil in nine years.
Loans to MSMEs may get ‘risk-free’ tag
On FinMin nudge to RBI, banks may not need to set aside capital; Centre expecting less than 15% NPAs
Elgi Equipments to shut Chinese subsidiary on poor show
These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.
S&P Global Reports Record Number of Potential Downgrades
In total, 1,287 of S&P’s ratings are now on a downgrade warning, more than in April 2009.
Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures
Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore
Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg
Boeing cutting more than 12,000 jobs with layoffs, buyouts
The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance, parent company to short-form video app TikTok, pulled in more than $3 billion in profit last year, Bloomberg reports.
Moment pervert, 35, is caught after sending sex messages to '12-year-old girl' then claims HE was just trying to become a paedophile hunter
Gary Horn, 35, of Stanley, Country Durham, thought he was chatting to a child online but he was talking to a group of paedophile hunters.
Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates
SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.
Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Mohawk Industries: Not A Convincing Investment
Mohawk is trading on a forward sales multiple of 1.08, below their long-term average of 1.3x. 2018 and 2019 were tough years for the business and industry. We b
Analysts: On-chain Data shows Ethereum is “Undervalued”
Ethereum’s having an envious year. The blockchain for all blockchains is seeing advancements in DeFi, institutional investments, and even government interest. With such massive potential, analysts say the protocol is vastly undervalued – especially if on-chain data is considered.
Zimbabwe gold miners to keep more export earnings in dollars
Until now, gold miners received only 55% of their sales in dollars.
Why General Electric Stock Jumped Nearly 10% at the Open Today
The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.
Aston Villa 'face £11m bill' despite Liverpool protest to Premier League
Aston Villa news - Premier League clubs were official informed of the £340m sum they face paying
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
Court hears 14 ‘credible’ expressions of interest in Joe.ie company
Examiner appointed to Maximum Media Network
Government furlough scheme now covers 8.4 million workers
At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.
I've Changed My Mind About Norwegian Air - The Future Is Brighter
Norwegian Air Shuttle was, effectively, bust, but it has managed to get the creditor takeover, the rights issue, and the government aid all through. It's thus a
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers, Business Insider - Business Insider Singapore
Business Insider - Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.. Read more at businessinsider.sg
RBI to auction 84-day CMBs worth Rs 80,000 crore
CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.
Google to reopen offices from July 6, will give employees working from home Rs 75K allowance
The tech giant will reopen at 10% of their capacity, and is targetting 30% in its offices by September.
State-owned Chinese company bids to build second UK nuclear plant
The company is blacklisted in the US and its application has created more headaches for UK PM Boris Johnson.
Cleveland Browns Offered Jadeveon Clowney The ‘Most Money’ He’s Seen In Free Agency
(Photo by Alika Jenner/Getty Images) The Cleveland Browns continue to be the rumored favorites to sign free agent defender Jadeveon…
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Quibi advertisers already wary of streaming service amid struggles
The star power of Sophie Turner didn’t offer enough immunity to protect Hollywood mogul Jeffrey Katzenberg from the pain of the pandemic. Large advertisers are seeking to defer payments to
Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
ICMR asks states to revise cost of Covid-19 test; material cost may reduce
India has reported a total number of 1,51,767 cases of coronavirus, of which 64,425 have been cured/discharged while 4,337 have lost their lives
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
Easing COVID-19 restrictions: UAE government employees return to offices from Sunday
Attendance rate starts at 30% as a minimum and gradually increases based on developments
Telecom growth on hold as pandemic cools demand
Rogers., Telus and BCE face stalled wireless subscriber growth and sharp drop in roaming revenues
Gunmen abduct three, raid 40 cows from Amuru district
Amuru, Uganda | THE INDEPENDENT | Unknown gunmen have abducted three people and stolen 40 heads of cattle in Amuru district. The gunmen are said to have conducted separate raids in Oforo, Kampala landing site and Atoro villages in Amuru sub county over the past week. Denis Tookema, a resident of Oforo village says that …
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Russia consumer demand drops, jobless jump in April lockdown
MOSCOW, May 27 — Retail sales in Russia fell more than expected in April, while unemployment jumped above forecasts during a dire first full month of coronavirus lockdown for the country, data from statistics service Rosstat showed yesterday. Russia's economic health is in focus after a slump in...
Fashion Girls for Humanity Founders Explore Future of Fashion
The Fashion Girls for Humanity panel at Columbia University covered how the coronavirus crisis is changing how business is done.
Free drive-thru testing for coronavirus, antibody will be offered on Big Isle this weekend | Honolulu Star-Advertiser
The Premier Medical Group is offering free drive-thru screening and testing for COVID-19 on Friday in Kona, and Saturday in Waikoloa. Antibody testing will also be available to those who meet specific criteria at both events.
North American Construction Group: Growth, Value, And Bullish Insiders
ROE is 28% vs. industry median of -1.6%. Revenues up 241% since Q4 2016. EBITDA has a 3-year CAGR of 45% vs. industry median of 7%. P/S is the lowest it's been
Green Cabs in liquidation, jobs cut
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser...
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
What is SpaceX as today's launch makes history?
SpaceX is set to make history tonight.
General Electric is selling off its home lighting business after nearly 130 years
After cycling through multiple CEOs, each with their own priorities, the company now has its hands in several different industries, ranging from aviation to healthcare to venture capital and finance.
Sugar price remains at high levels
Sweetener costs more despite ongoing cane harvesting, sugar production season
Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely
Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.
Nine charged with destroying woman’s house
The young men beat a man after a row and when Mary Mwiti warned them, they raided her home.
Banks well-positioned to withstand COVID-19 hit as loan defaults expected to rise - Reserve Bank report
The latest Financial Stability Report uses 'stress tests' to assess bank resilience.
ICRA expects muted participation in spectrum auction, sees industry debt rising
Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.
Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)
Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]
Wedding video company allegedly creates website to mock customer who sought refund after bride-to-be died
A videography company is being accused of denying a refund to a Colorado man whose bride-to-be died in a car crash and then taking out a website in the man’s name to mock him.
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
A Closer Look at Federal COVID Contractors Reveals Inexperience, Fraud Accusations, and a Weapons Dealer Operating Out of Someone’s House
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published.
Newcastle takeover headlines as World Trade Organisation respond to Saudi piracy claims
All of the latest Newcastle United takeover headlines with updates on the World Trade Organisation, Steve Bruce, and more
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
Multiple crypto analysts have noted that a few factors that suggest this Bitcoin upswing will be short-lived due to a few trends
Germany can't confirm Merkel will attend G7 in person: spokeswoman
BERLIN (Reuters) - German Chancellor Angela Merkel cannot confirm her physical presence at an envisaged summit of the Group of Seven (G7) in the United States yet, a spokeswoman said on Wednesday, adding that this would depend on how the coronavirus pandemic develops.
Lew jnr to bolster his group with MyHouse acquisition
It could almost be time to head to the clearing house.
Boeing resumes 737 MAX production at low rate
Boeing resumes 737 MAX production at low rate
Adrian Collins takes to the saddle in cricket fundraiser
The chairman of Cricket Shropshire is taking to the saddle to embark on a whistle-stop 500-mile tour of the county’s grounds in support of charities.
China buys more; will it be enough for Phase One?
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports.
New turbulence in high-stakes Lufthansa rescue drama
Coronavirus-stricken airline group Lufthansa wavered Wednesday on grabbing a nine-billion-euro ($9.9 billion) German state lifeline, throwing up new turbulence for a rescue that could decide the fate ...
IHCL goes for enhanced safety and hygiene for opening hotel post lockdown
As part of its strategy to open its hotels after lifting of lockdown, Indian Hotels Company Ltd. (IHCL) has decided to use industrial strength disinfectants at common and high-touch areas of hotels li
Dow climbs 325 points as investors cheer efforts to boost global economies
US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.
Mario Balotelli set to be released by Brescia - two years before contract expires
Mario Balotelli only joined Brescia last summer but his spell with the Serie A side looks to be over after clashing with president Massimo Cellino
Jhansi on alert against locusts, fire brigade ready to spray insecticide
A swarm had earlier attacked some parts of Jhansi district ion May 22 and 24 but an already alert administration, with the help of local people, eliminated over a half of it.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the ‘new normal’
A shiny suit and a flashy car used to be the essential tools for estate agents, but now you are more likely to see them with hand sanitizer and a pair of latex gloves.
Investors sell up as rental stress rises
Rental stress rose in most cities despite the JobSeeker and JobKeeper grants, prompting investors to consider selling up.
Mexican director Alfonso Cuaron calls for domestic workers pay
'Roma' director Alfonso Cuaron backs calls to ensure thousands of domestic workers laid off during the pandemic to continue to be paid by their employers
WTI stays below $34.50, prints mild losses in Asia
WTI slips from the daily high to $34.20, down 0.23% on a day, while heading into the European session on Wednesday. The barrel of black gold recently
Current crisis calls for a revised Union Budget
The provisions included in the Budget fro 2020-21 are insufficient to boost growth in light of the Covid-19 pandemic. Focus should be on stimulating economic activity and creating employment
'Husband suffocated wife because he didn't want to pay for divorce'
Prosecutors say Elledge strangled or suffocated his wife because he did not want to pay for a divorce
Bank Hapoalim: Up to 1,000 employees to be laid off due to coronavirus - Inside Israel
Bank Hapoalim announces plan to lay off up to 1,000 employees, in effort to raise efficacy and save on salaries.
Salaries get chopped for many Americans who manage to keep jobs
Americans taking pay cuts 'might have little, and in some cases maybe nothing, left over after that for discretionary purchases'
GBP/USD bears seeking a close below 50-D EMA, Brexit talks loom
GBP/USD is currently trading at 1.2247 and lower on the day so far. The US dollar has picked up a safe-haven bid as geopolitics heats up. Cable has tr
Restaurateur determined to serve the city
A Christchurch restaurateur is bucking the trend, forging ahead with the opening of his Indian restaurant, despite the new normal.
EDF goes ahead with Sizewell C application despite local objection
Energy giant EDF Energy has today submitted plans for the new Sizewell C nuclear power station on the Suffolk coast.
Company completes 1st overland fiber-optic cable from Alaska
An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.
Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.
SEZAD keeps project deadlines while ensuring COVID-19 safety
While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.
Use ICWF to bring back poorly paid Indians: HC
Centre told to consider pleas of wives of four Keralites
Coronavirus has created a 'lockdown generation', with one in six young people forced to stop working, UN warns
The body's International Labour Organisation said the COVID-19 crisis has disproportionately affected young people and could impact upon their work opportunities and career options for decades.
Coronavirus effect: UAE residents evicted over Eid, harassed due to unpaid rents
Landlords say they also have cheques to clear and thus must put tenants under pressure
Money or the goody bag? The great Comrades refund debate
Stuart Mann delves into the debate regarding marathons pocketing or reimbursing entry fees in the event of a cancellation.
PM implores employers to re-hire staff, says 45,000 job postings now up for young people
Prime Minister Justin Trudeau used his 65th morning press conference since the COVID-19 pandemic was declared in mid-March to implore Canadian businesses to re-hire their employees, and encouraged young people to look into the 45,000 job postings available to those looking for work this summer.
It’s Time to Take Ford Out to the Junkyard
Highly leveraged and with little wiggle room to emerge quickly from the coronavirus shutdown, the deck is stacked against F stock.
Jadeveon Clowney spurned ‘richest offer on the table’ from Browns
It’s not all about the money this time for Jadeveon Clowney. The No. 1 overall pick in the 2014 NFL Draft has reportedly rejected a significant offer from the Browns, who have been “the
Apple to Reopen More Than 100 Stores in The US This Week
Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus
Global energy investment to drop by $400bn
An IEA report indicates that Covid-19 has set in motion the largest drop in global energy investment in history from fossil fuels to renewables and efficiency.
Yintech Investment Holdings Limited (YIN) CEO Wenbin Chen on Q1 2020 Results - Earnings Call Transcript
Yintech Investment Holdings Limited (NASDAQ:YIN) Q1 2020 Earnings Conference Call May 27, 2020 8:00 AM ET Company Participants Yvonne Young - Investor Relations
Two households CAN meet from next week: Lockdown loosening could see socially-distanced family reunions - but how many people can gather and will barbecues be banned?
Ministers are said to have parked proposals for people to be able to mix freely in social 'bubbles' after expert modelling suggested it could lead to a spike in coronavirus .
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.
International Flavors & Fragrances: Growth On Pause Due To Pandemic
In Q1, IFF delivered low-single-digit revenue growth despite the double-digit contraction in a few product categories. The company's cash from operations and FC
Upwork: Must Grow Faster
After slowing down in the second half of 2019, Upwork reaccelerated its growth in Q1 2020. Marketplace revenue made up 90% of the business and grew by 24% YoY.
Nissan-Renault alliance to share more parts, technology
The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.
Why can't private hospitals treat patients free, Supreme Court asks Centre
The Supreme Court on Wednesday asked why the private hospitals, given land free of cost by the government, cannot treat Covid-19 patients for free. It questioned the central government if there is any...
COVID-19 impact | IDFC First Bank announces pay cuts for senior management
IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
Government ‘missed opportunity’ not saving company tax windfalls, Ifac says
Budgetary watchdog says Republic ‘could have been running a much bigger surplus’ in recent years
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Holcim restarts Luzon, Davao operations
Leading cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in compliance with government quarantine measures against coronavirus disease 2019.
An 'Avalanche of Evictions' Could Be Bearing Down on America's Renters
EUCLID, Ohio -- The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new
'Catch-up rally': banks tower above the rest on ASX
The combined value of the big four swelled by almost $20 billion in just a few hours of feverish trading on Wednesday.
PM wants employers to re-hire, cites 'enormous financial pressure' being felt
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
Bajaj Chetak design patent registered in Europe
Bajaj had applied to register the design patent for its Chetak e-scooter in February 2020 at EUIPO in a bid to stop plagiarism. Click to know more.
Austerity following pandemic spending 'unacceptable'
Official austerity following massive Government spending during the coronavirus pandemic would be unacceptable, workers in Northern Ireland said.
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
Men do over an hour less unpaid labour a day than women in lockdown, study shows
The figures also found time spent on childcare has risen by more than a third during the lockdown.
Sasol says fuel stations not up for sale
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.
Torstar shares climb after privatization deal with NordStar Capital
TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.
Apple will reopen 100 stores in the U.S. this week
Apple is reopening 100 more retail stores in the United States this week that it was forced to close because of the coronavirus, though customers won't be able to enter many of them just yet.
Kohl's Is In Trouble
KSS saw sales plummet more than 40% in Q1, with Q2 shaping up to be even worse. Looking further out, Kohl's is relying upon its digital business, but I don't th
San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG
Fundbox, a Fintech firm focused on "disrupting" the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confi
Boral faces new class action over US windows strife
Maurice Blackburn's class action over Boral's accounting scandal in a US windows business is the second to be launched in Australia.
Court of Appeal Rejects Multichoice’s Appeal on Sale of Locked Set-Top Boxes
Subscription television service providers will no longer lock out competitors from using their set-top boxes to broadcast content, reports The Standard. This is thanks to a judgment that was passed by Court of Appeal judges where they threw out MultiChoice Limited’s appeal which challenged the High Court’s judgment on the sale of locked set-top boxes. Justice […]
South William Street mixed-use investment seeks €2.6m
Sale of Dublin 2 restaurant and residential premises will test strength of market
Defying pandemic, gay couples hold first marriages in Costa Rica
Marco Castillo and his boyfriend, Rodrigo Campos, waited just a few hours to take advantage of a new law in Costa Rica that made the country the first in Central America to allow same-sex marriage.
Medical masks, gloves, PPE makers pitch for resumption of exports
Exporters want to attract buyers from US, Europe who are moving away from China
Markets will clear the froth, warn value investing apostles
The closely watched GMO fund is starting to short global equities in the belief that the latest price surge is treacherous.
Ola Financial Services raises Rs 205 crore from Matrix Partners, others
Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents.
Motorola On A Roll As Retailers & Carriers Take On New Models
It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.
NSW to kick-start renewable energy investment
NSW has called on business to pitch for its $4.4 billion renewable energy zone to kick-start investment amid a slowdown in new wind and solar commitments.
After-Effects of Intense Heat Wave: Agricultural Losses and Record Electricity Usage
Consistent with Israel's character of extremes, temperatures dropped to below average after the heatwave ended.
PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt
With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown, Inox stock has lost 17.77% and PVR share price is down 39.20%
Turnpike, parkway toll hikes, $24B construction plan get OK
The New Jersey Turnpike Authority voted Wednesday to increase tolls on two of the state’s major highways and approve a $24 billion construction plan that the hike will fund.
Site Of 007’s World Record Barrel Roll Celebrates 50th Anniversary
Millbrook Proving Ground celebrates 50th anniversary
The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said
Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.
Boeing set to announce significant US job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Big Hit Entertainment prepares to go public this year
Big Hit Entertainment's new headquartersBig Hit Entertainment is allegedly submitted a pre-initial public offering consultation to Korea Exchange on M…
'Mr. Belvedere' cast members to hold Zoom reunion, with questions from fans, for fundraiser
The cast members from the hit 1980s sitcom "Mr. Belvedere" plan to reunite via Zoom to lift spirits, chat with fans and raise contributions for the Actors Fund.
SUZUKI: Pandemic and climate crises unmask inequalities
OPINIONA chorus of world leaders has declared we’re all in the same COVID-19 boat.In response, U.K. writer Damian Barr tweeted, “We are no
Father Ready to Die for Infant as KNH Bill Surpasses Ksh530K [VIDEO]
The father disclosed that the hospital's decision to raise the cost of the treatment was a painful pill to swallow as...
Shares in Latin America's biggest airline drop 35% after bankruptcy filing
SANTIAGO: Shares in Latin America's largest airline plunged 35 per cent on the Santiago stock exchange on Tuesday (May 26) after LATAM filed for ...
Albanese feeling cocky as he tries to pluck byelection votes
Anthony Albanese wants to make the Eden-Monaro byelection a test of the government's response to coronavirus and the bushfires that devastated the seat.
Supermarkets ease buying restrictions as excess workers drop off
As supermarkets grapple with balancing out panic-buying with an over-supply of slim margin inventory, sales markdowns will start to pop up on shelves.
Gold dips to two-week low on recovery hopes
By Brijesh Patel (Reuters) - Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ounce by 1223 GMT.
Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns
The migrant laborers who staff American meat plants, construction sites and delivery services are working through the pandemic – and sending more funds back home than ever.
Apple Is Reopening 100 Retail Stores in the United States
Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.
U.N. calls meeting to boost pandemic support for developing countries
WASHINGTON, May 26 (Reuters) - U.N. officials said they will meet on Thursday with over a dozen world leaders to discuss shoring up financial support for emerging economies, hit hard by the pandemic's economic fallout.
Carl Icahn Exits Hertz After Six-Year Bet Ends With Bankruptcy
Billionaire investor Carl Icahn has sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week and counted him as its biggest shareholder.
EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund
Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."
Our faiths call on us to care, protect and love this incredible planet of abundant life
For many years, faith communities, scientists and environmentalists have been warning political, and business leaders about the dangers of climate change and environmental destruction. Covid-19 is pointing to the reality that climate change and biodiversity loss will increase the crises we face, of poverty, starvation, migration, violence and conflict.
Lane Neave Advises MIE Pay On Australian Listing
Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...
It is India's hour to shine, but will it?
If India manages to overcome its long-pending issues around multiple approvals, licenses, permits, an overload of documentation and reporting, then India has a chance to leave an indelible mark on global trade in the coming decade.
Unacademy to Conduct Free Scholarship Test
India's Biggest Scholarship Test for IIT JEE, NEET UG and Foundation – curated for 9th to 12th standard students
Maharashtra: Man offers vegetables for free to poor during lockdown
Some look at it with curious eyes, while others appreciate the gesture of the vendor to offer vegetables for free at a time when many people are facing financial difficulties due to the coronavirus-enforced lockdown.
'Our greatest challenge': How to rebuild the ACT's virus-struck economy?
As business start to reopen and the ACT takes its first tentative steps on the road to recovery, The Canberra Times canvassed the views of politicians, academics, economists and industry groups on the best approach to rebuilding the economy.
No-touch new car buyers drive towards Let's Haggle
An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.
ASX 200 Index holds at a 50% mean reversion, Hong Kong risks loom
Australian shares are struggling to extend the prior day's gain as the world gets back to the elephant in the room which is Hong Kong and US/Sino trad
Coronavirus outbreak: ICMR removes price cap of Rs 4,500 for COVID-19 tests
The Indian Council of Medical Research has removed the price cap of Rs 4,500 for the real-time polymerase chain reaction (RT-PCR) test used to detect COVID-19, asking states and the Union Territories to negotiate with private labs to fix 'mutually agreeable' rates for the test.
Apple is reopening more stores, but online progress also sparks optimism
Apple Inc. is slowly reopening more of its stores in what one analyst calls a “sign of improving trends,” but the company seemed to be making strides in the...
Energy investment on pace for record decline, IEA analysis says
May 27 (UPI) -- Global energy investment could sink to its lowest level in history due to fallout from the coronavirus pandemic, the International Energy Agency said in an annual report Wednesday.
Go Long On SinoPharm Group's HKEX Ticker 1099:HK
There are obvious risks investing on Chinese companies right now. President Trump is hell-bent on winning his re-election via anti-China tirades. Most U.S. stoc
Samsung Pay unveils its first debit card in partnership with SoFi
Samsung Money by SoFi combines a cash management account with no account fee and a Mastercard debit card with exclusive benefits.
Nokia shuts plant in Tamil Nadu after 42 test positive for COVID-19
NEW DELHI: Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday (May 26), ...
Businessman splurges on lamborghini, 2 jeeps and 2 porsches
A businessman from Joburg left social media users' tongues wagging when he shared a video showing off his new luxury vehicles. He bought 5 cars in one day.
Home building down 1.6pc, with worse to come
Residential construction slowed to 1.6 per cent in the first three months of the year - the slowest rate of decline since March quarter last year - but economists expect GDP will still be negative for March.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
DeVos Would Send Millions of Federal Dollars to Private Schools
Secretary of Education Secretary Betsy DeVos is planning to funnel tens of millions of dollars of federal coronavirus aid to private schools, most of which have religious affiliations.
ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript
ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden
Sydney braces for rat ‘plague’ after Covid-19 forces hungry rodents to turn to cannibalism
Suburban rat infestations surge after city-dwelling rodents run out of food
What's behind the bank rally
The three forces driving the stunning rally in bank shares over the past few days speak to a change in the mood of local investors.
US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant
Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.
Don't Get Ambushed By The FANG/FANMAG Factor
ETFs are supposed to be top-down portfolios oriented toward an asset class, a region, a line of business or a general combination of these. Holders of ETF share
Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)
Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]
CEO pay tops $12.3M
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
Countryside Stewardship countdown
The application window for the 2021 Countryside Stewardship Scheme is open, giving farmers and land managers the chance to apply for grants to improve both the environment and their farming incomes.
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury
Lengthy housing recovery
Canada Mortgage and Housing Corp. says it expects home prices and sales to decline substantially this year and still won't have recovered by the end of 2022.
Satoshi Nakaboto: ‘S&P 500 outperformed Bitcoin over the past year’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Aristotle used to say: Let’s get it! Bitcoin price We closed the day, May 26 2020, at a price […]
Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...
Greece and Egypt talk tourism in post-pandemic era
Greece’s Tourism minister Harry Theoharis spoke with his Egyptian counterpart on Monday, where they discussed closer tourism collaboration in the
Apple to reopen about 100 stores in US, most with curbside pickup
CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
(Bloomberg) — The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
Indore: Man commits suicide after facing harassment from borrower
Due to the lockdown, Pahawa was facing some financial difficulties and he went to Rathi's place for his money on Tuesday.
Halfords' Telford store reopens as 'retail lite' operation
Halfords has already reopened its Telford store, with some drastic changes.
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officia...
Girija Shankar on playing the role of Dhritrashtra in BR Chopra's 'Mahabharat' at 28
Girija, now in his 60s has settled in Los Angeles in the United States but travels to India for work, which mainly comprises of Punjabi films.
Crude oil futures up 0.62%, WTI trades above $34 a barrel
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,606 and an intraday low of Rs 2,544 per barrel on MCX.
Small signs of normality returning to our town centres ahead of shops reopening
While the high streets are still quiet, there are small signs of a return to normality since the Prime Minister announced his 'roadmap' to end the lockdown a fortnight ago.
Exxon shareholders soundly reject splitting CEO/chairman roles
(Reuters) - Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
Torstar to be sold, taken private in $52 million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
DA demands details on UIF’s COVID-19 relief payments
The party’s Michael Cardo said the UIF was failing to pay through the employee relief scheme and its website was constantly offline.
A survival-of-the-fittest approach towards MSMEs
The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
EUR/USD: A convincing recovery plan is positive for the euro – Nordea
The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together a
Greymoor Elder Scrolls Online Expansion Now Live on PC/Mac, Bringing Us Back to Skyrim
The Greymoor expansion for Elder Scrolls Online has been launched on PC and Mac, bringing adventurers back to the land of Skyrim.
Can Cannabis Cure COVID?
Market Overview Analysis by Matthew Weller covering: GW Pharmaceuticals PLC ADR, Canopy Growth Corp, ETFMG Alternative Harvest ETF, Aurora Cannabis Inc. Read Matthew Weller's latest article on Investi
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Beyond coronavirus: Dubai residents welcome the new normal as businesses reopen
A relieved lot, they say vigilance and caution will have to continue
Gofrugal helping small retailers go digital
As the country came to a shutdown due to Covid-19, neighbourhood stores have emerged true heroes by being there for customers
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression
False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)
Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]
Google now lets merchants accept bookings for online services
Google is introducing a handful of new features and tools to help businesses transition from the physical to virtual worlds.
Daily Deals: save big on iPad Pro, Marshall headphones, iTunes movies and more
Welcome to our Daily Deals column, where we round up the best tech deals from around the web. Here you’ll find discounts on everything from Apple products to accessories, video games and much more. But you better hurry, these prices won’t be around forever!
Amazon Shopping App Allows Bill Payments, DTH Recharges and More
Now Amazon app allows paying bills across categories like electricity, water, post-paid mobile, cooking gas, broadband and DTH recharges faster.
Old Tafo Assembly supports 16 more PWDs to start their businesses
The Old Tafo Municipal Assembly has presented various items to 16 selected Persons with Disability (PWDs) in the municipality to economically empower them.
Market movers: Stocks that saw action on Wednesday - and why
Royal Bank of Canada and Bank of Montreal both rise in early trading after releasing disappointing quarterly results
Oil slides on OPEC, Russia uncertainty
Russia is sending mixed signals ahead of the meeting in less than two weeks between the Organization of the Petroleum Exporting Countries and its allies.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover
Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches
Banff ready to welcome visitors once again, some streets closed to vehicle access
A two block stretch of Banff Avenue will be closed to vehicles, along with a portion of Caribou Street.
Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor, Business Insider - Business Insider Singapore
Business Insider - Ackman's sale of his $1 billion stake is surprising as he boosted his Berkshire holdings by more than a third in the first quarter.. Read more at businessinsider.sg
Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T
[Update: Official] Samsung is planning to offer a debit card this summer
According to Samsung, the company is planning to introduce a debit card with money management tools for Samsung Pay this summer.
State Bank of India slashes FD rate by 40 bps, second cut in May
The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request
Amtrak to cut up to 20 percent of workers as coronavirus crushes ridership
Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say.
Pepkor ‘confident’ it will gain market share amid pandemic
As it continues to provide discounted products for babies and children.
BlackLine: A Software Company With A Strong Moat
BlackLine's focus on cross-system functionality gives the company a competitive advantage. BlackLine's moat comes from customers having extremely high switching
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries, Business Insider - Business Insider Singapore
Business Insider - Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.. Read more at businessinsider.sg
Barcelona 'ready to sell 6 players' to raise money for summer transfers
Barcelona have their sights set on Lautaro Martinez and Miralem Pjanic this summer but will have to offload players to raise transfer funds
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Proposed Kannapolis budget has no fee or rate increase
Kannapolis City Manager Mike Legg presented the recommended Fiscal Year 2021 budget to the Kannapolis City Council Tuesday evening.
Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up
Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent and Anjani Portland Cement shares advanced 11.42 per cent.
French economy making 'cautious' virus lockdown recovery
A return to normal will likely take many months, warns France's national statistics agency
Micron climbs 6% after boosting sales guidance by more than expected
Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission.
'Reboot, reform' of agriculture pushed
During the launch of the "Plant, Plant, Plant" program in line with the celebration of the farmers and fisherfolk's month at the Department of Agriculture central compound in Quezon City, Dar said the agriculture sector should be more responsive especially with the pressing issues faced by the country.
Amazon SG headphone sale includes Sony's WH-1000XM3 and more of our favourites
Amazon Singapore has discounted a range of top-notch headphones, get in before the sale ends on May 31.
Lockdown presents mixed fortunes for Prakasam farmers
Paddy, Bengal gram, maize growers saw gains, while tobacco and chilli cultivators faced hard times
Online gambling firm closes after investigation finds ‘serious failings’
The probe was launched following the death of a 25-year-old customer who lost more than £30,000.
David Jones, Country Road sales tumble amid pandemic
The South African parent group has appointed local bankers at UBS to run the rule over its property portfolio in order to repay debt.
Electric motorbike gives Zimbabwean rural women path out of poverty
WEDZA, Zimbabwe, (Reuters) – In the rural Zimbabwe district of Wedza, a new electric-powered motorcycle is helping bring income to poor women and easing the burden of looking after families.
Experts seek review, sustainability measures as airports reopen Friday
Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability
Advance Auto Parts: Resilient 'DIY' Market Balanced By A Weaker Growth Outlook
Advance Auto Parts reported Q1 earnings highlighted by weak sales despite most stores remaining open as an essential business through the coronavirus pandemic.
Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie
An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
Meck budget changes lead to tense words
While trying to balance the budget, Mecklenburg County Manager Dena Diorio and Commissioner Susan Harden got into a tense argument over what line items most deserved to be cut.
NerdWallet: Looking for safer ways to pay? Go contactless
Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.
People out, rats move in
Vancouver business owners might be in for a squeaky surprise when they return to the workplace.
USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s
The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
Liverpool submit N30b bid for Osimhen
The 21-year-old, brought in last summer to replace the Arsenal-bound Nicolas Pepe, has filled those shoes impressively with 18 goals in 38 games.
Goodman company gets €19m judgment against Blackrock Clinic founder
Judge dismisses range of claims from Dr Joseph Sheehan
OpenSSH to deprecate SHA-1 logins due to security risk | ZDNet
Breaking a SHA-1-generated SSH authentication key now costs roughly $50,000, putting high-profile remote servers at risk of attacks.
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal'
As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens
The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.
Whangarei Finance Company In $945K Settlement With Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.
Toronto's average rental price dropped five per cent in April
With rising unemployment, health fears and universities moving online, renters have avoided moving and landlords have dropped asking prices
Bangor man (31) caught with 60 cannabis plants spared jail
A 31-year-old Bangor man who was caught with 60 cannabis plants has been spared jail - but warned he will be imprisoned if he breaks a court order.
A.O. Smith partners with FoxyMoron to enhance digital presence
The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion
It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.
SC: Why no free Covid care at private hospitals?
India News: NEW DELHI: Amid reports of spiralling cost of Covid-19 patients’ treatment in private hospitals, the Supreme Court on Wednesday asked the Centre why s.
New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.
Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares
Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...
Court Releases Keroche Heiress Boyfriend Omar Lali
Tecra's laywers wanted the court to extend Lali's detention but the court did not find a reason...
Is Northern Oil And Gas Worth The Risk At This Price
We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let
RBC profit falls 54% as loan-loss provisions spike amid COVID-19 pandemic
Canada’s biggest bank set aside $2.83-billion in provisions for credit losses, up 558 per cent from $426-million a year ago
Swindling investor lands man behind bars
A Bindura man, who swindled a Singaporean investor Ramason Bupendra of mining machinery worth US$500 000, has been sentenced to an effective seven years in prison.
First Allied Advisory Services Inc. Decreases Stock Position in AES Corp (NYSE:AES)
First Allied Advisory Services Inc. lessened its position in AES Corp (NYSE:AES) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,587 shares of the utilities provider’s stock after selling 22,035 shares during the quarter. First Allied Advisory […]
Goldman Sachs warns global economic recovery could be bumpy
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, especially if governments start to pull back on stimulus programs, Goldman Sachs Group Inc. President John Waldron said.
Coronavirus has ‘undeniably’ diverted attention from Brexit – senior official
Andrew McCormick, Stormont’s Director General of International Relations, said preparedness on EU exit needs to be ‘dealt with urgently’.
Tourism business reopens cautiously in Jefferson County
The Chamber of Commerce promotes safer steps for tourism businesses reopening by encouraging the Tennessee Pledge.
Ryanair to announce 'hundreds' of Irish redundancies this week
The CEO of Ryanair Michael O'Leary says the airline is to announce redundancies of Irish pilots a...
Florida revenues fall by nearly $900 million amid pandemic
The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.
Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout
The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.
No more furlough: Rishi Sunak 'set to close scheme to new applications'
Employers could soon also have to pay 20% of workers' wages, with the government funding 60%.
4th Budget sets aside $33b more to help workers, businesses
The Straits Times/ANN - Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.
The close: Markets rise with economic hopes; RBC reclaims top spot as Canada’s most valued stock
Strength in the financial sector offset losses in the materials sector
Decline in China's industrial profits slows in April, outlook still gloomy
Decline in China's industrial profits slows in April, outlook still gloomy
Torrent Pharma slips 6% on profit-booking; outlook remains a concern
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
Lockdown 4.0: Here's a proposed map for the state government to reopen Mumbai
Risk of infection remains and its spread cannot be contained but one has to learn to live in a new environment.
Relief distributed to airport workers
TIRUCHI About 100 labourers, including trolley retrievers, canteen and other contract employees, working at the Tiruchi International Airport were given essential commodities worth ₹1,000 each in view
Another economic crisis and the cupboard appears bare
We need a new accord with government, unions and industry around a new set of reforms to build a sustainable recovery.
Zillow: The Stock Is A Zell
Zillow has built a tremendous following for its residential real estate website. But the business has only just moved into the black and has limited further ups
Dollar treads water against euro; yuan sinks on US-China tensions
NEW YORK, May 28 — The dollar steadied against the euro yesterday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was up 0.03 per cent against the dollar at...
The best smartphone deals in May so far — save $200 on Apple’s iPhone SE
Smartphone price tags are crazy these days, so finding a solid deal that scrapes a bit – or a lot – off the top can be helpful to anyone.
JP Morgan chief economist forecasts 'strong rebound' in Indian markets
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Glenmark Pharmaceuticals receives approval from USFDA to market generic drug for muscle pain in American market
Glenmark Pharmaceuticals on Wednesday said its subsidiary has received approval from the US health regulator to market Chlorzoxazone tablets, used to treat muscle pain, in the American market
Stocks rally on EU stimulus plan, euro gains
NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...
Tuesday Morning becomes 5th big retailer to file Chapter 11
Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
Edgy Surry Hills offices hit the market
Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.
Ex-KRA Manager Facing Prison Sentence Over Multi-million Scam
This led to a sting operation carried out by Ethics and Anti Corruption Commission (EACC) detectives, looking to catch the taxman red-handed...
Hong Kong unrest worries curb global shares rally
Hong Kong unrest worries curb global shares rally
'Mothership' office on horizon but don't write off London: Canary Wharf
'Mothership' office on horizon but don't write off London: Canary Wharf
Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor
Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...
Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%
For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore
Riskier European companies draw €32bn from bank credit lines
Matalan, Travelodge and Heathrow airport are among the subinvestment grade companies to tap loan facilities
Number of lone parent families in Ireland at highest level since 2012
Our single income family numbers are also well above the 16.5% EU average
Asian stocks pull back as Hong Kong uncertainty weighs
NEW YORK, May 27 — Asian shares shed some of their recent gains today as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US President Donald Trump said late yesterday he is preparing to take action against...
Olympic chief Bach consults with IOC members over virus fallout
Olympic chief Thomas Bach on Wednesday held a series of talks with International Olympic Committee members on the potential consequences of the coronavirus pandemic that has seen the Tokyo Games pushed back a year to 2021, sources said. Bach was to address the 100 IOC members in three different sessions…
Ghanaian Landlord allegedly kills tenant for refusing to vacate his house (Video)
A Ghanaian landlord identified as Victor Stephen Nana Kankam, has been arrested for allegedly killing his tenant who refused to vacate his house after he ordered him to. A Facebook user, Blessing Naana Ansah-Senkyire, who
Why US energy CEOs will get big payouts despite oil meltdown
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...
Apec senior officials discuss possible platform for info sharing on Covid-19
KUALA LUMPUR, May 27 — The Asia-Pacific Economic Cooperation (Apec) Senior Officials’ Meeting (SOM) today discussed on how to formulate a possible coordinated approach to collecting and sharing information on policies and measures regarding Covid-19 and its economic effects. In his welcoming...
Checkout.com buys Perth-based Pin Payments
Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.
The best smartphone deals in May so far — save $200 on Apple's iPhone SE, Business Insider - Business Insider Singapore
Business Insider - There are sales and discounts on a bunch of smartphones from the top four phone makers in the US, like Apple, Samsung, Google, and OnePlus.. Read more at businessinsider.sg
Former EastEnders actress Jacqueline Jossa confirms she’s moved out of family home with Dan Osborne
The former EastEnders actress admitted that she has been struggling in her marriage during lockdown, and confirmed she’s moved out of the family home she shares with husband Dan Osborne.
[Deal] Grab an Amazon Fire TV Cube for $100 or TV Stick from just $30
Amazon might have rolled their Prime Day sales extravagance back until September but that doesn't mean you can't still pick up a bargain or two on its rang
B2B credit network Fundbox secures fresh investment from MUFG
US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.
Ola Electric acquires Netherland-based scooter-maker Etergo
While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Oman's share index ends marginally higher
MSM30 index closed at 3,445.68 points, up 1.11 per cent from previous close
Novavax launches its first coronavirus vaccine test on humans
US biotech company Novavax Inc has joined the race to test coronavirus vaccine candidates on humans and said it was targeting production of over a billion doses of its vaccine candidate next year.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Boeing set to announce significant US job cuts this week: Union
Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Airdrie MP raises furlough scheme concerns with Prime Minister
Virtual contribution to PMQs highlights problems being faced by Neil Gray's constituents
Government Investment Supports The Acquisition Of New Interislander Ferries
State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
GoBear raises $17 million for underbanked play
Singaporean financial comparison site GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.
Aurora Cannabis Stock Is Worth a Look After Reliva Acquisition
Aurora stock piqued the interest of investors when the company announced its acquisition of Reliva and entry into the U.S. market.
USD/BRL: Leading to the 2002 highs amid political noise – Deutsche Bank
The most pressing challenge in Brazil is containing the COVID-19 epidemic, according to strategists at Deutsche Bank, who expect the USD/BRL pair to b
Peter Andre fears wife Emily will catch coronavirus as she battles on frontline
Peter has launched a new reality show during lockdown.
Floor price issue may not figure on Trai’s radar for at least 2 months amid COVID-19 crisis: Source
This is not an "opportune moment" to address the issue, and in any case, telecom operators are free to take decisions on tariff matters, the senior Trai official said.
Sterling Bancorp: Deposit Repricing To Counter High Credit Costs, Yield Decline
Provision expense will likely be higher than normal in the second quarter due to the deterioration in the economic outlook. The maturity of expensive deposits a
She is the World’s highest paid woman CEO
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company’s stock during her five years as CEO.
Coronavirus lockdown has driven dairy consumption in homes up to 20%, says Amul MD
However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt
United Way allocating $6.6M in federal funding to help with food security, youth mental health
Applications from Fraser Valley and Lower Mainland charities being accepted for the emergency funding
Xiaomi Redmi Smart TV X55 has its price slashed before launch to match the 55-inch Honor Vision X1 Smart TV
The Redmi Smart TV X55 from Xiaomi has had its price considerably slashed ahead of going on sale. The new price tag for the television is 1,699 yuan (US$237). This puts the Redmi Smart TV X55, which features a 4K screen and 32 GB storage, at the same price as the just launched 55-inch rival Honor Vision X1 Smart TV.
Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Historic SpaceX launch delayed by poor weather about 20 minutes before takeoff
SpaceX's landmark launch to the International Space Station was postponed Wednesday due to poor weather with around 20 minutes to go until takeoff. The next launch window is on Saturday.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript
Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras
EU pledges €40b for ‘just transition’ from fossil fuels
BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...
Rain effect: Sewage water enters houses
Mysore/Mysuru: Heavy rains accompanied with gusty winds continued to lash city yesterday too. The rain, accompanied by thunder, lightning and strong wind, which began at about 7.30 pm, uprooted a tree at Vidyaranyapuram and brought down branches on Chamaraja Double Road, near Kurimandi in Kesare and other places across the city. The Mysuru City Corporation’s...
Tata Power plans to add 700 MW in renewable energy
Enhances renewables portfolio by 7% to 3,833 MW
Dangote, Glo named most admired Nigerian brands in Africa
In its recently released brand ranking for the 100 most admired brands in Africa, Dangote and Globacom were the highest-ranked Nigerian brands.
Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript
Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting
Publicise WhatsApp numbers of shopkeepers, avoid complete shutdown, Bombay HC tells authorities
The petitioner told the court the authorities had announced a complete shutdown in containment zones from May 15 to May 20, causing inconvenience to both the consumers and shopkeepers selling essential goods.
‘I have a lot of confidence in the long-term growth of the Indian car market’: Skoda Auto’s Zac Hollis
Skoda Auto India’s ‘India 2.0 project’ remains on track, investments won’t change, said Skoda Auto India’s Brand Director
'Buzz in the air' as Shropshire shops prepare to reopen
Plans to reopen retail next month could save the high street and stop scores of shops being closed for good, according to a Shropshire business owner.
Air France to cut 40% of domestic flights after bailout
French government has made any bailout contingent on profitability improvements
Is Levi's Stock a Buy?
Stores are starting to reopen, and the stock is trading well off its recent highs.
Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta
‘Telecom is one industry which is able to maintain its present earnings power
SK Telecom: Still Waiting For Positive Change
SK Telecom offers a relatively attractive consensus forward FY2020 dividend yield of 4.8%, and there could be further upside to the company's future dividend pa
Online UK grocery spending hits record in lockdown shopping spree
Overall UK grocery sales increased by 13% year-on-year
Banks approve 90% of applications to defer mortgage payments
Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans. These...
United reshuffles management as it prepares for uncertain recovery
United reshuffles management as it prepares for uncertain recovery
ICRA expects muted participation in spectrum auction, sees industry debt rising
It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.
MTD Bus Capacity Increases, Face Masks Required
[Since] Friday, Santa Barbara MTD increased the number of passengers allowed on board all MTD buses.
Google May Reopen Some Of Its Offices Starting July 6
Google is looking to start bringing some of its employees back to work physically, as it plans to reopen some of its offices starting July 6. What's more
SoftBank’s Vision Fund Is Planning to Cut 10% of Staff
SoftBank Group Corp.’s Vision Fund is planning deep cuts in staffing after reporting about $18 billion in losses from the declining value of its startups, according to people familiar with the matter.
Olympic chief Bach consults with IOC members over virus fallout
Bach's aim is to canvas the members for their view on "how to handle the consequences of the coronavirus pandemic", a source told AFP.
Money laundering case: DHFL promoters Wadhawans sent to jail
Kapoor is currently in the ED's custody. The Wadhawans are also being probed by the CBI in connection withthe same case.
NMA lays foundation for secretariat, as contractor assures on quick completion
Nigerian Medical Association, NMA, has performed the foundation laying ceremony for its national secretariat in Maitama, Abuja
Four recruitment firms join hands to help India Inc return to work
(Representative image) MUMBAI: Four global HR services companies — Randstad, The Adecco Group, ManpowerGroup and Gi Group — have formed … Four recruitment firms join hands to help India Inc return to work Read More »
What The Average American Should Know About The SpaceX Crew Dragon Launch
Here are a few talking points to help you make sense of the SpaceX Crew Dragon mission - the historic first private manned mission to space.
Fed catalogues devastation wrought by pandemic on U.S. economy
The coronavirus deeply damaged the U.S. economy in recent weeks, with “steep” job losses and business closures, a new Federal Reserve report said.
Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets
N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.
Epizyme, Inc. Is Doing Everything Right But Its Shares Appear Fairly Priced
Tazverik's current FDA approval for an ultra-rare disease that, per our analysis, afflicts less than 200 patients/US/year (yes two-hundred, not a typo) & theref
Third Iranian Tanker Arrives in Venezuela Under Escort of Bolivarian Navy – Photos
The tanker is one of five Venezuela-bound Iranian vessels making their way to the Latin American nation to ease a gasoline shortage caused by crippling US sanctions.
Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis
"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard
SIVR Weekly: Up 50% From Its March Low And More Upside To Expect
SIVR has jumped by roughly 50% since its March low, in line with our expectations. Silver’s spec sentiment is shifting positively. But given that spec positioni
Tamil Nadu reports 817 new positive COVID-19 cases, death toll rises to 133
Six more COVID-19 deaths in Tamil Nadu took the death toll on Wednesday to 133.
Online gambling firm closes after investigation finds ‘serious failings’
The probe was launched following the death of a 25-year-old customer who lost more than £30,000.
Fed says pandemic inflicted most ‘severe’ damage on travel sector
Beige Book report on economic conditions shows activity fell sharply in most parts of US
Argentex Group Announces Completion of New London Headquarters
Argentex Group, provider of foreign exchange services to institutions, corporates and high net worth private individuals announced new London headquarters.
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Twitter Users Clamoring For Cancelation Of Activist Shaun King
Shaun King has garnered a reputation for himself in recent years as an activist in racial politics. He's received a lot of criticism for his
Woman wins $127,000 jackpot using money from making face masks
May 27 (UPI) -- An Oregon woman who took up sewing face masks when she was laid off due to the COVID-19 pandemic said the money from her efforts scored her a $127,000 lottery jackpot.
A's to place scouts on furlough, end minor league pay
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as part of a cost-cutting move in response to the COVID-19 pandemic.
Arbor Realty Trust: Undervalued
Q1 earnings were released on May 8, 2020, with the company posting solid figures. The company's performance seems set to improve in Q2 based on current trends.
Disney, SeaWorld announce plans for Florida parks to reopen
SeaWorld and Walt Disney World will reopen in Orlando, Fla., in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.
GOG's summer sale brings demos of Desperados 3 and the System Shock remake
And there are cheap games, of course.
Boeing Resumes 737 MAX Production After Announcing Over 12,000 Job Cuts
The 737 MAX hasn't been allowed to fly since March of 2019, following deadly crashes.
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Industry body proposes Rs 50,000 crore fund, declaring FY21 tourism tax free
In a letter to Tourism Minister Prahlad Singh Patel, FAITH Chairman Nakul Anand has said that viable tourism business will not restart for almost 15 months after the lockdown is lifted
Wonderla's net profit falls in Q4 to 1.56 crore
Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore...
Bharti Telecom sells 2.75% stake in Airtel
Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore
This Rakesh Jhunjhunwala-held stock falls 3% as firm logs zero sales in first six weeks of lockdown
Share price of Titan Company slid up to 2.81% to Rs 868 compared to the previous close of Rs 893.15 on BSE
UPJEE Polytechnic 2020: Admit card for joint entrance test to be available from 8 July at jeecup.nic.in
The UPJEE (Polytechnic) 2020 for Group A will be held on 19 July from 9 am to noon.
Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector
The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture
Deputy calls for figures to back up ‘buy local’ campaign
ROBUST data showing why buying goods and services locally is so important is needed as soon as possible so that a convincing case can be made to reinforce the message of the JEP’s Celebrate Local campaign, a States Deputy has said.
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects
Netflix sued by immigration detention center operators over use of logo in 'Messiah'
A private company that operates some U.S. prisons and detention centers is suing Netflix over the use of its logo in negative scenes depicting squalid conditions in immigrant detention centers on the show 'Messiah.'
Dundee retailer fully opens to the public for the first time in two months with extensive social distancing measures
A limited number of customers, queue marshals, cleaning stations and warnings not to handle products.
Demand for properties surges in Leeds, Newcastle, Portsmouth and Southampton as pent-up buyers return
Zoopla says demand from buyers was 20% higher in the week following the reopening of the housing market on 12 May, compared to the beginning of March.
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Retailers name top areas for IR reform
Changes to strict rosters limits, award classifications and the approval test for collective agreements are on the top of retailers' wish lists ahead of industrial relations reform talks.
India's Ambani prepares Facebook-backed unit for overseas IPO
Mukesh Ambani is reportedly preparing Jio Platforms Ltd. for an initial public offering
B-Club, Kiza Lounge To Remain Shut After Court Declined To Suspend Order Revocking Permits
Four popular nightclubs in Nairobi's posh estate of Kilimani will remain shut after a court declined to issue an order reopening them pending hearing and determination of an appeal challenging revocat
A Much Higher Gold Price Is No Flight of Fancy
Many are starting to turn away from gold stocks as coronavirus tensions ease, but the price of gold can still reach $60,000.
Food prices in South Africa have spiked – particularly these items
Families in South Africa living on low incomes may be spending 30% more on food than they did two months ago, the Pietermaritzburg Economic Justice and Dignity Group (PEJDG) says.
Cognizant offers voluntary separation package to 400 mid, senior managers
Move aimed at IT services major’s US employees
First baby koala born in Australian wildlife park since devastating New South Wales bushfires
(CNN) — A wildlife park in Australia is celebrating the arrival of its first baby koala since bushfires devastated the area. The baby koala — known as a joey...
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.
Google will begin reopening its offices starting July 6 with limited capacity
Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg
Microsoft Co. (NASDAQ:MSFT) is Providence Wealth Advisors LLC’s 2nd Largest Position
Providence Wealth Advisors LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft comprises 4.7% of […]
Facebook reportedly had evidence that its algorithms were dividing people, but top executives killed or weakened proposed solutions
Despite internal research finding that Facebook's platform encouraged polarization, Mark Zuckerberg and other execs nixed proposals to fix things.
Energy giant SSE sets out a greenprint for clean recovery
Perth based energy giant SSE has called on the UK Government to greenlight billions of pounds of private investment in low carbon infrastructure to help the economy rebound from the impact of the coronavirus pandemic.
Dow Up More Than 500 Points on Economic Confidence
Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores, Business Insider - Business Insider Singapore
Business Insider - Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.. Read more at businessinsider.sg
Apple reopens doors to nearly 100 US stores
Apple plans to reopen around 100 of its stores in the US by the end ...
Big companies to get bigger after Covid: BofA Securities
The infrastructure and real estate sector could witness the emergence of new asset owners such as sovereign wealth funds, pension funds and private equity players.
Strict rules Primark fans will need to follow when stores reopen
Primark stores will look very different with changes to how customers shop and browse items
Enterprise Products Partners - A +9% Yield From A Best In Breed Midstream
Enterprise Products Partners has a massive amount of liquidity, enough to cover 2 years of the company’s distributions. The company is focused on reducing capit
Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic
The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Leftists Launch Dark Money Group to Hold Social Media ‘Accountable’
Leftists have launched a new dark money group called "Accountable Tech" aimed at "combating misinformation online."
Liverpool among clubs to argue against paying €384m TV rebate
Premier League’s top six liable to have to pay back broadcasters more than €30m each
Anti-dumping duty likely on rubber imported from China, 3 other countries
Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry
GE Power India appoints Mahesh Palashikar as Chairman
GE Power India is one of the leading players in the Indian power generation equipment market. Its manufacturing unit is located in Durgapur, West Bengal
Post Covid-19 lockdown, hospitality sector to see steep credit stress: Icra
“The demand has declined to the lowest levels that the industry has ever witnessed; it is clear that this is the biggest crisis ever by the sector,” Icra said.
Nokia shutters manufacturing plant as employees test positive for Covid-19
Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.
AT&T launches HBO Max, vying with Netflix, others for quarantine viewing
(Reuters) - AT&T’s WarnerMedia division launches its HBO Max streaming service on Wednesday, taking on Netflix, Disney and Amazon at a time when coronavirus lockdowns have boosted demand for streaming even as rising unemployment has cut disposable incomes.
Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares
Meet Samsung Money by SoFi, a Mastercard debit card and mobile money management experience
Samsung today announced Samsung Money by SoFi, a new Mastercard debit card with exclusive benefits to Samsung Pay and a mobile-first money management experience. Instead of building a solution like Apple Card on its own, Samsung has partnered with fintech company SoFi for Samsung Money.
London markets make ‘solid’ gains as trading optimism continues
London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.
Dad posts hilarious review online after visiting daughter's restaurant for lunch
Dad Christophe Kyle visited his daughter's restaurant for lunch and left an honest review of his experience on Instagram, which went viral and saw demand for a table at Ava's Kitchen soar
Covid-19 Blows a $400 Billion Hole in Global Energy
Investment in oil and gas supply is in retreat, creating an opportunity to do things differently in the recovery.
Training sector held back by Federation, says IR reformist
The big criticism focuses on the link between training and award wages, established in 1990.
It’s Time to Sell Wildly Unprofitable United Airlines Stock
Warren Buffett didn't sell UAL stock just because he is scared. United Airlines faces a long road to recovery, and it isn't worth a buy here.
Dairy remains ‘resilient’ due to business model
JERSEY’S dairy industry is ready to bounce back after the Covid-19 crisis and continues to be ‘resilient’ due to its mix of local and export markets, an industry spokesman has said.
Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
‘Government will reinvest that money for the welfare of the people
Report: NM Gov. Michelle Lujan Grisham Broke Lockdown to Buy Jewelry
New Mexico Gov. Michelle Lujan Grisham bought jewelry from a non-essential business which was closed by her lockdown order, according to a report.
Xiaomi is all-in on 5G, and it’s now looking at 6G too
Xiaomi has confirmed that it's now conducting preliminary research on 6G technology. The firm is also looking at satellite internet tech.
AT&T - Disney Plus Suggests T Could See Quick Returns From HBO Max
AT&T is launching HBO Max in 2 days. Disney Plus performed incredibly well after launch with Disney's stock going up 10% in 2 weeks. While the services are diff
ANU cops $225 million financial hit due to coronavirus crisis
The Australian National University will look to find $100 million in savings this year.
Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better
Existing health insurance plans offer far more features and benefits, but come with higher premiums
SL Green: Buy Manhattan's Largest Office Landlord At A Steep Discount
SL Green Realty is the largest office landlord in Manhattan and managed by a crew who has worked together through several previous crises. A 9% yield looks to b
Wall Street frets as ‘unloved’ stock rally powers on
While the benchmark S&P 500 index has surged 34 per cent from its March lows and the Nasdaq Composite is just 6 per cent short of record highs, investors are more bearish than they have been in years
Nearly two dozen attorneys general sue Trump administration over controversial fuel standard
Car companies are split on the standards
Students Warned Not To Sign Up For College Accommodation Until They Get Clarity On Lectures
Students are being warned not to hand over deposits for college accommodation until they know if they need it.
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe
Cash holdings of PMS schemes decline in April: Report
However, 13 PMS schemes also recorded an increase in cash holdings in April over March
Toronto Star owner Torstar to be sold, taken private in deal worth $51-million
The move comes as the country’s top media executives meet with the federal government in Ottawa to discuss the industry’s plight
South Korea 'comfort women' activist group battles to survive amid scandal
The South Korean organization that first raised the issue of "comfort women" is defending its activities as counter-protests grow.
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
Heartwarming moment police and pedestrian help a group of ducks cross the road
A video has emerged on social in which a group of ducks could be seen crossing the road with the help of police and pedestrians. The video generated reactions.
Urban Company adds new services in line with shift in consumer needs
Witnesses pent-up demand during lockdown 4.0
Reps accuse NDDC IMC of spending billions despite COVID-19
The House of Representatives said on Tuesday it will not succumb to blackmail in its quest to unravel the corruption allegations rocking the ...
Future Retail to raise up to Rs 650 crore via NCDs to refinance debt
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
The two things Kerr Neilson fears in pandemic
The fund manager knows his way through a crisis. This time he’s afraid of only two things: unlisted asset valuations and strongmen promises.
Instagram Wants Its Influencers to Make More Money
The platform announced updates aimed at helping creators monetize their audience.
Fed's Williams: May or June could be low point for economy
There is a lot of uncertainty about how the economy will evolve but there could be a significant rebound in the second half of 2020, New York Federal
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008, Business Insider - Business Insider Singapore
Business Insider - The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.. Read more at businessinsider.sg
McDonald's shares exact date every drive-thru in UK and Ireland will reopen
EXCLUSIVE: The restaurant chain has revealed when hundreds more stores across the UK will reopen to the public - including many branches up north as coronavirus measures are slowly relaxed
Israel's Bank Leumi moves to Q1 loss due to coronavirus outbreak
TEL AVIV, May 27 (Reuters) - Bank Leumi, one of Israel’s two largest lenders, swung to a loss in the first quarter due to the coronavirus outbreak.
Survey says...
Tourism Kamloops is looking to locals for some ideas.
Daily Deals: save big on iPad Pro, Marshall headphones, iTunes movies and more
Welcome to our Daily Deals column, where we round up the best tech deals from around the web. Here you’ll find discounts on everything from Apple products to accessories, video games and much more. But you better hurry, these prices won’t be around forever!
Pratt: tap super to fuel a manufacturing recovery
Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.
HBO stops participating in Apple TV Channels, users directed to HBO Max app
This morning, HBO launched its new expanded streaming service: HBO Max, which is a superset of the existing HBO Now offering. You can get the HBO Max app on all Apple devices, but it comes at a price: the HBO partnership with Apple TV Channels is being wound down. Starting today, the HBO channel has […]
Chewy: Reaping The Benefit Of Stay-At-Home Measures
Chewy is the largest pure-play pet e-commerce player and it was approaching break-even EBITDA as of Q4 2019. The pandemic and WFH measures have resulted in more
More than 50 City of Vernon staffers had six-figure salaries in 2019
Wages for the City of Vernon's top staff cost an extra $1.7 million in 2019 as more names were added to the list of those taking home $75,000 or more an
Don’t Get Caught Up in the Hype of Gold Stocks
The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.
Proposal For Trans-Tasman Bubble Considers Every Step Of A Passenger’s Journey
A proposed blueprint into how safe trans-Tasman travel could re-open is advancing fast, with a draft to be presented to New Zealand and Australian governments for consideration in early June.
GTA 6's release window possibly revealed by Take-Two
As reported by VentureBeat, Take-Two’s filing shows that it plans to spend $89 million on marketing between April 2023 and March 2024. That’s more than double the marketing budget for any other year over the next half a decade, suggesting…
Bank of Montreal profit slumps more than 50% as credit losses loom
Bank of Montreal set aside $1.12-billion for future loan losses, up sharply from $176-million a year earlier
This is why The Zimbabwe Dollar remains our best foot forward
ZW$ remains our best foot forward-At the rate at the Zimbabwe dollar is losing its intrinsic value, it may just be a matter of time
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
APSPDCL MD promises to revise power bills
Many consumers in Anantapur had complained that their bills were inflated
It's A Bird, It's A Plane, It's Brookfield Property REIT
Although BPY/BPR is considered a mall REIT, the company technically is considered a diversified REIT because it invests in core office, retail and multifamily p
Nokia Shuts Plant in Tamil Nadu After 42 Employees Test Positive for COVID-19
Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19.
[Market Close-up] S. Korean stock market recovers faster than its global peers
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other major stock markets around the world. According to the Korea Exchange, the Kospi reached 2,029.78 points at Tuesday’s close, 12 weeks after last posting above the 2,000-mark on March 6, when it closed at 2,040.2...
NASA set to resume human spaceflight from US soil after nine years with historic SpaceX launch
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of
ASX edges lower, even as investors pump $18b into banks
The Australian sharemarket was unable to extend its 11-week high on Wednesday, despite a strong bid for the major banks by institutional investors.
Titan Company shares down 2% as COVID-19 hits businesses
The company said the lockdowns posed challenges to all its businesses.
Government’s not so reliable food-delivery service
South Africans with the means to do so have been using the tap of a finger for meals to be delivered to their homes, since the country went into Covid-19 coronavirus lockdown level 4 earlier this month.
Amazon in talks to buy driverless car start-up Zoox
Acquisition would be first by ecommerce group of an autonomous vehicle company
Food company promises related to healthy eating are rarely met
B Popkin, The Global Food Research Program, shares the global experience with food industry self-regulation and reflects on how healthy eating promises are rarely met
Ryanair CEO Michael O'Leary says U.K. quarantine plans 'idiotic and unimplementable'
The CEO of Europe's largest airline has slammed the U.K. government's handling of the coronavirus pandemic and described plans to impose a 14-day quarantine on international visitors as 'idiotic and unimplementable.'
Buhari approves funding for first phase of Siemens power deal
President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens
Men do over an hour less unpaid labour a day than women in lockdown, study shows
The figures also found time spent on childcare has risen by more than a third during the lockdown.
Instagram Adds More Monetization Methods for Creators
Instagram will test Badges, a feature allowing creators to monetize live videos, as well as IGTV video ads.
No screams please: Japanese funfairs prepare for virus era
No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era.
Will work ever be the same again?
Three CEOs present scenarios that overturn widely accepted notions about working and the corporate workplace
Postmedia to lay off 40
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
RIL-RE price jumps 11% on Day 5 on high volumes
RIL-RE continued to command a healthy premium over its intrinsic value in its fifth trading session with healthy volumes.
ETRADE Capital Management LLC Sells 5,276 Shares of Juniper Networks, Inc. (NYSE:JNPR)
ETRADE Capital Management LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 24.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,284 shares of the network equipment provider’s stock after selling 5,276 shares during the period. ETRADE Capital Management LLC’s holdings […]
Lufthansa's $15b rescue hits surprise hurdle as board rejects EU conditions
Lufthansa's German government bailout was thrown into doubt after the airline's supervisory board refused to accept the conditions attached by Brussels.
After SEBI's push, companies report financial impact of coronavirus lockdown
SEBI had earlier asked listed companies to disclose to investors and stakeholders the impact of the coronavirus pandemic on their businesses
As lockdown eases, this Hyderabad techie is on a mission to find migrant workers their livelihood
Over the last week, Daga has reached out to several manufacturing units through his friends and relatives and connected them to workers, providing urgent employment to close to 700 workers
Shrewsbury Food Hub benefits from college donations
Boxes of surplus food and toiletries from the empty bedrooms of a Shropshire college have been distributed to Shrewsbury Food Hub.
Telford friends drop off goodies for isolating families
A group of friends dressed up as famous characters took a royal trip around their neighbourhood to drop off balloons and goody bags for isolating families.
Car buyers falling victim to vehicle sales scams
Consumers who want to buy cars should make sure that they deal with a legitimate car dealership to avoid being victims of scams.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.
Administrators rule out mid-June return for SAA flights
Without approval of practitioners, SAA announced its planes would be back in the skies.
Performance Kia Promotes Special offers on New Kia Sportage Models
MOOSIC, Pa., May 26, 2020 /PRNewswire-PRWeb/ -- The Performance Kia dealership in Moosic, Pennsylvania sells sedans, hatchbacks and SUVs. Among SU...
Improving EIA's Weekly Crude Oil Production Estimate
Each week the EIA estimates crude production and an adjustment. I used regression of the weekly figures to the monthly actual production. The process developed
Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more
Updates from the world of economy, markets, and finance
CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript
CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand
EUR/USD remans under pressure around the 1.0960 area
The single currency came under selling pressure on Wednesday and is now forcing EUR/USD to retreat to the 1.0960 region. EUR/USD sheds ground on USD-b
Paul Orajiaka: The story of Nigerian businessman who started from scratch
The story of Paul Orajiaka is a good example that Nigerian youths have great entrepreneurial spirits that could turn the least sought-after into an empire.
Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]
French power couple lose money laundering appeal
A French political power couple lost their appeal Wednesday against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office.
Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs
In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs
Apple to reopen about 100 US stores, most with curbside pickup
Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
European Stimulus Plan Gives Markets More Momentum
Rising tensions with China did not dull the effects of a new fiscal stimulus proposal in Europe on markets, which
Zimbabwe Buys US$5 Face Masks For US$28 In Shocking Covid-19 Scandal
A shocking corruption scandal has been unearthed in which the government of Zimbabwe bought Covid-19 equipment at hugely inflated costs from a private
Home gardeners can help the hungry by donating some harvest
Gardening’s popularity has surged during the coronavirus pandemic; it provides exercise, outdoor time, emotional well-being and wholesome produce. Home gard
COVID-19 impact: Supercar group McLaren to cut 1,200 jobs across group; cancellation of motorsport events hurt revenue
McLaren are the second most successful team after Ferrari in the sport’s history and gave Mercedes’ six-times world champion Lewis Hamilton his debut in 2007.
ICMR removes Rs 4,500 price cap for COVID-19 tests, asks states to negotiate with private labs
The ICMR has said, since the production of indigenous test kits like ELISA which was developed by National Institute of Virology, India is no more solely dependent on imported testing kits.
Government has come good for the farming sector – Fulton
WESTERN BUREAU: JAMAICA AGRICULTURAL Society (JAS) President Lenworth Fulton has said the Government has come good for the agricultural sector, having set aside J$1 billion in the 2020-2021 Budget to keep the sector afloat amid the onset of COVID-...
Financial complaints watchdog inundated with calls linked to pandemic
Banking and finance companies were responsible for almost half of the 3000-plus complaints to the Australian Financial Complaints Authority, while almost 700 related to customers in financial difficulty.
U.S. House backs bill to pressure China over Uighur rights
U.S. House backs bill to pressure China over Uighur rights
PICK Is The Pick Of The Litter For Inflationary Times
The ETF holds the cream of the crop. If 2008-2011 is a model, PICK will perform. Early 2016 through early 2018 shows the potential. Diversify risk with PICK. In
Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore
The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA
Torstar to be sold, taken private in $52-million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Ex-TTC CEO Byford to be London Transport Commissioner
Andy Byford, the Briton lionized as New York City’s “Train Daddy,” is to be London’s new Transport Commissioner, taking up the role in June.
Petrol sold above N130 in 17 states, says NBS
’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...
Partner Communications Company Ltd. (PTNR) CEO Isaac Benbenisti on Q1 2020 Results - Earnings Call Transcript
Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Gideon Koch - Investor Relation
Lack of patronage hits autorickshaw drivers
Many autorickshaw drivers are planning to find other jobs
From NCLT to upper circuit: The comeback of Alok Industries
The stock was listed on February 27 at Rs 14 and declined to a low of Rs 3.92 on March 31.
France GDP could fall 'around 20%' in second quarter: Statistics agency
France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE
CBN reduces interest rate on OFIs facilities to 5% per annum
As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
While Asian countries reel from Covid-19 economic fallout, Chinese investors buy luxury property from ‘Singapore to Sydney’
Covid-19: Identify private hospitals for free or minimum cost treatment of patients, SC tells Centre
Chief Justice of India SA Bobde asked why the private hospitals, who have been given land free of cost by the government, cannot treat patients for free.
Dow climbs 350 points as investors cheer efforts to boost global economies
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
Refugee Camps: From Temporary Settlements to Permanent Dwellings
With more than 70 million forcibly displaced people worldwide and nearly 25.9 million refugees, the time has come to reconsider the traditional camp approach.
‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss
LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...
More liquidity needed, states should come forward with Rs 20 trn: Gadkari
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
Times Square billboards to go dark in support of struggling businesses
More than 100 million pixels will be darkened at 9 p.m. at 46th Street and Broadway and the corner of 47th Street and Seventh Avenue to send a message that more federal support is needed.
New home construction could drop by as much as 75 per cent from early-year levels, CMHC warns
Work stoppages and restrictions on construction have slowed residential building, especially in Quebec and Ontario
CBS is TV's most-watched network for 12th year in a row
The winner, and still champion, is CBS. The Tiffany network finished the traditional television season, which ended last week, as the most-watched broadcaster for the 12th consecutive year, the Nielsen company said.
India may need to pump Rs 1.5 L crores into coronavirus-hit state banks
India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Halfords to reopen 53 stores to cope with cycling demand and car repairs
The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.
Why NIO Stock Is Rising Today
An analyst upgrade ahead of earnings is giving shares a boost.
Playing Defense With Cloud Software Stocks
Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
One in four retail branches to close in Europe as digital interactions mushroom - Kearney
As many as 40,000 bank branches will close across Europe in the next three years, as increasing numbers of customers turn to digital channels, according to a study by consultancy Kearney.
Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure
NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »
Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?
Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?
Ingenia puts funding boost to work
The owner of affordable housing communities buys two assets, and expects its holiday parks to get a boost as restrictions lift.
Why U.S. energy CEOs will get big payouts despite oil meltdown
BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
Google Maps Is Getting New Online Services Features For Businesses
Google is reportedly rolling out a new set of features for businesses in Maps intended to showcase online-specific services. The company intends the new
Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure
India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp
Rodents compound woes of traders
Their population has seen manifold increase in closed showrooms
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus
The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.
These 5 ‘stay at home’ stocks are getting pounded as the US economy reopens
A group of popular “stay at home” stocks are slumping as investors cheer the US economy reopening.
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
ASX to rise as Dow, S&P advance
Australian shares are set to open higher with the Dow retaking the 25,000 mark and the S&P 500 closing above 3000.
Tourism Kamloops launches survey to gauge reopening comfort levels
As COVID-19 pandemic restrictions are lifted and Kamloops prepares for businesses to begin using sidewalks and parking lots, residents are being asked what
Post Lockdown, Employees Allege Companies ‘Forcing To Resign’ The Job In Hyderabad
Coronavirus has hit all companies across industries with most seeing meager or zero inflow of revenue. From India’s largest business conglomerate Reliance Industries to smaller startups, there have been pay cuts and layoffs across the board. Several companies, especially startups have had to let go employees, thousands in some cases.
DA to push for further use of virtual platforms by Parliament
The first virtual question and answer session in the National Assembly would be held on Wednesday since the country went into lockdown in March.
Don't Gamble In The Markets, Look At These 2 Blue Chip Healthcare Names Instead
Bristol-Myers Squibb and AbbVie offer rare clarity in today's market. Both names have reaffirmed 2020 guidance and are calling for strong growth. Both names are
Arsonist suspected in deadly Kyoto blaze finally charged
A man has been arrested over the deadly fire at Kyoto Animation studio in July 2019, which killed 36 people and injured another 33.
Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms
The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now
Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.
Boeing Cutting More Than 12,000 US Jobs With Thousands More Planned
Boeing said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. From a report: Boeing also disclosed it plans "several thousand remaining layoffs" in the next few mon...
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic.
Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan
Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.
Duterte wants Aaron Aquino to head Clark International Airport Corporation
After leading the country's top anti-narcotics agency, Aaron Aquino is asked to helm a government corporation in charge of developing the second gateway to Metro Manila
NHAI offers 'COVID loan' to private operators at 2% more than bank rate
The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020
No Straight Roads Delayed To “Later In The Summer”
No Straight Roads was previously announced to have a 30 June release date. But it looks like the game will not be able to make it for the date it was
Ola Electric Acquires AppScooter Maker Etergo, To Launch Its Two-Wheeler In India Next Year
Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities
Iceland cuts food waste 23% in two years as it commits to a 50% cut by 2030
A year after the Department for Environment, Food and Rural Affairs in the UK called on businesses to ‘step up to the plate’ and drive forward plans to cut food waste, the supermarket Iceland has announced food waste reductions of almost 2,500 tonnes, a decrease of 23.2% over the last two years, in its first public food waste report.
Green Cabs in liquidation, jobs cut
Taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs. This story was first published by RNZ Palliser Insolvency's Heath...
Boeing to axe 12,000 US workers even as Max assembly resumes
Aircraft manufacturer says production of grounded jet will initially be at ‘low rate’
Ho Hup receives LOAs from CCC-ECRL for ECRL Section 6 works
KUALA LUMPUR, May 27 — Ho Hup Construction Company Bhd has received Letters of Acceptance (LOAs) from China Communications Construction (CCC-ECRL) Sdn Bhd for the engineering, procurement, construction and commissioning of the East Coast Rail Link (ECRL) project. It said the works include Section...
Court rejects compo for woman who hurt hip after 'excessive socialising'
Danielle Dring, who slipped on wet tiles after a night of champagne, wine and cocktails on a work trip, has failed again in her bid for compensation from Telstra.
Sandstorm Gold: This Gold Miner Is About To Get Much Bigger
Sandstorm's stock outperformance should continue as there are many bullish growth catalysts. There is incremental growth over the next few years thanks to newly
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures is approved by the sport's governing body the FIA.
Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
Opportunity is knocking for investors with a long-term mindset.
Japan eyes fresh US$1.1t stimulus to combat pandemic pain
TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
Hershey: Strong Cost Advantages Will Power The Company Forward
Hershey has experienced steady growth over the years due to its large market share in the United States. The company has shown a willingness to innovate in onli
A Tech Billionaire May Find Use in a Cold War
Mukesh Ambani may have found the perfect time to pitch Jio to American investors, as U.S.-China tensions rise.
Asian stocks pull back as Hong Kong uncertainty weighs
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered ...
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp reported a 15.4per cent fall in quarterly revenue on Wednesday after its outlets and department stores across the world were ...
Investor wealth surges by Rs 2 lakh crore as markets rally
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
No screams please: Japanese funfairs prepare for virus era
TOKYO, May 28 — No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era. As Japan’s funfairs slowly reopen, a group of park operators have released...
Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth
‘The biggest driver for economic recovery will be demand revival and consumption
South Korea’s Institute for Basic Science faces review
Decisions about the country’s research flagship will signpost national priorities.
Ice Cube Spreads Fake Photo of Cop Blamed for Floyd George's Death, Twitter Does Nothing
Hollywood actor and rapper Ice Cube shared with his 4.9 million Twitter followers a photo that falsely links former Minneapolis police officer Derek Chauvin and felon Jonathan Riches wearing a "Make Whites Great Again" hat.
SAA administrators see reasonable chance of rescuing the airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
Google Deletes TikTok’s Negative Reviews on Playstore Amid Dwindling Ratings
Google has removed millions of negative TikTok reviews from its playstore after users from India decided to give the app 1 star reviews tanking the overall rating from 4.5 to 1.2 within a short period
Wall Street Breakfast: Blastoff!
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. U.S. ambitions to rec
Detroit to Get Mask Factory With Investment From Bangladesh
Bangladesh’s Beximco Group will set up a plant in Detroit to make masks as demand for protective gear in the U.S., the nation with the most coronavirus cases, surges.
HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript
HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of
Google finds Indian hack-for-hire firms exploiting coronavirus fears via spearphishing schemes
Hack-for-hire firms in India are impersonating the World Health Organization in spearphishing emails, according to Google’s Threat Analysis Group research.
Man denies contempt of court order to vacate repossessed house
Proceedings by Start Mortgages against Patrick Ryan are adjourned to next month
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg
WTI slips below $32.00 after huge API build joined trade/political tension
WTI fails to carry the pullback from $32.00 while taking a U-turn from $32.50 to currently around $32.30 amid the initial Asian session on Thursday. W
Shenhua dangles N180m-a-week contract at Ighalo
Shanghai Shenhua has reportedly offered Odion Ighalo a new deal worth around £360,000-a-week (N180m) amid interest from Newcastle United....
Consider Bank of America Stock a Buy If Markets Retest Lows
Oversold BAC stock could rebound in the short term. But long-term upside in the big bank's shares could be a challenge.
Roam Mobility ceasing operations June 30, 2020
Canadian-U.S. roaming service Roam Mobility has announced that it will "cease operations" on June 30, 2020.
Matt Smith and Claire Foy to star in socially-distanced play to save Old Vic
Tickets will be sold to raise money to save the theatre.
Businessman Begs DP Ruto to Repay Ksh1.4M Unpaid Bill [VIDEO]
He disclosed that he supplied marine boards and wood to the DP's hotel but had not been paid since...
Boeing set to announce significant US job cuts this week
A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.
Greater Than has launched a cloud-based loyalty program
Greater Than's new loyalty product will help insurers boost customer experience by increasing engagement and offering greater personalization.
Identify private hospitals to treat COVID-19 patients for free or at nominal cost: SC to Centre
The bench was hearing an application filed in a plea which has sought a direction for regulating the cost of treatment of COVID-19 at private hospitals across the country.
Renault and Nissan rule out merger as they unveil survival plan
Companies to cooperate more closely on car production to save costs
EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse
Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
Singapore risks deflationary pressure – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation figures in Singapore. Key Quotes “Singapore’s inflation environment has eased furthe
China traders buying Hong Kong stocks like never before
History shows mainland buying tends to pick up when Hong Kong shares drop.
Virus Outbreak New York
Long Island became the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus Wednesday as it entered the first phase of the state's four-step reopening process. In New York City, Mayor Bill de Blasio said efforts to fight the virus have left the
Reopen Long Island: Long Island enters phase one of reopening
Nassau and Suffolk counties are moving into phase one of reopening which includes manufacturing, construction, agriculture, wholesale trade, and retail stores, which can now offer curbside pick-up only.
Harland & Wolff joins forces with Navantia to form new defence challenger
HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.
KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore
Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.
Work-from-home emergence prompts rethink on designs, project locations
Developers are redesigning their projects prompted by buyers' emerging needs as a result of working from home.
Every Nottingham Forest player out of contract as deadline looms
Nottingham Forest news: June 30 is approaching and three of Sabri Lamouchi's key members of the first-team setup at the City Ground will see their deals run out then
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package
B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group
Only B.C.’s social, health and corrections workers are eligible for top-ups
Russian Military Names Group Behind Attack on Turkish Patrol in Syria
MOSCOW (Sputnik) - Militants of the "Al-Islamad-Turkestani"* group were behind a bomb attack on a Turkish patrol in the Idlib de-escalation zone, in which one Turkish...
Mike Tyson said he was 'drinking, gorging on food, and f------ women' when he was 'out of control' before filing for bankruptcy in 2003, Business Insider - Business Insider Singapore
Business Insider - "[Having] orgies; I was crazy. I bought a lot of cars for girls," Tyson said. "You can't have bitches around when you're young. they f--- up money.". Read more at businessinsider.sg
S&P 500: Fully valued on some measures – UBS
Global equities have recovered swiftly from the COVID-19 pandemic with the S&P 500 climbing above 3000 points for the time since late February. The ra
Samsung Money debit card to launch this summer
The company teamed up with Mastercard and SoFi.
Active Managers Continue To Flounder
Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei
Heroin addict broke into house and stole haul of items while woman was home alone
A judge told heroin addict Michael Parker he had an 'appalling record' of offending and breaching court orders
Gold hits 2-week low on optimism around reopening of economies
Spot gold dipped 0.3% to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13 of $1,703.40 earlier in the session. US gold futures were down 0.6% to $1,695.80.
Walvis councillor orders businesses' closure
WALVIS Bay urban constituency councillor Knowledge Ipinge has ordered a transport company and a bank to close their premises at the town due to fears of the spread of the coronavirus.
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
Credai seeks RBI intervention in passing on repo rate cut benefits to NBFCs, HFCs
It has maintained that the real estate industry has not been able to leverage the benefits of repo rate cuts as banks have not passed on the same to the borrowers.
Covid-proof Equity MF
The disruption across sectors demands a review of your equity mutual fund schemes
Shops reopening 'vital in battle to save Midlands towns'
The reopening of shops has been welcomed by West Midlands Mayor Andy Street, who said it was "vital" for town and city centres.
Hyderabad-based firm develops Favipiravir bulk drug
Hyderabad-based Raghava Life Sciences (RLS) said it has developed Favipiravir bulk drug (active pharmaceutical ingredient).
India's 4th, 'perhaps worst' recession is here, warns CRISIL
India's fourth recession since Independence, first since liberalisation and perhaps the worst to date, is here, warned CRISIL. On Tuesday, the agency has forecasted India's GDP growth to fall off a cliff and contract 5 per cent in the financial year 2021,
Demand pick-up key for stimulus package to see desired results, says Sundaram Home Finance MD
One will have to wait for at least a couple of quarters to assess this
FG needs to call OGEFZA management to order –Free trade zones stakeholders
OGEFZA seeks to achieve two objectives: to absorb the private sector Free Zones operators in oil and gas logistics services into its fold and under the
GOG launches its Summer Sale 2020 Event, featuring more than 3000 deals
GOG has just launched its Summer Sale 2020 event.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast
HBO Max is here to take on Netflix. Is it too late?
AT&T’s streaming platform goes live on May 27. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.
New Zealand Facing Largest Decline In GDP In 160 Years
Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.
Apple To Reopen Approximately 100 US Retail Locations
Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week.
Rally in bank stocks purely a function of F&O expiry: Sana Securities
‘It seems to be some kind of herd mentality and that could be one reason for todays move
Stone railing on historic bridge makes way for drainage channel
A large chunk of the stone railing on the bridge connecting the Moti Darwaza of the Golconda Fort to MD Lines has been brought down by the Greater Hyderabad Municipal Corporation officials to create a
Presses start rolling as weekly newspapers prepare to publish again
THE Mourne Observer will be available again in newsagents' shops this morning, heralding a return to the shelves of a number of weekly newspapers which were temporarily shut during the coronavirus pandemic.
Here's why 3 Wall Street analysts just boosted their Apple price targets, Business Insider - Business Insider Singapore
Business Insider - All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.. Read more at businessinsider.sg
Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant
The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel
Informa Teams With NuOrder to Digitalize Trade Show Experience
The trade show operator and e-commerce platform will work to bring brands and retailers together.
Gas leak: SC allows LG Polymers to send 30 staffs to maintain safety at its sealed Vizag plant
New Delhi: The Supreme Court on Wednesday allowed LG Polymers India Ltd to send its 30 employees to maintain 'round the clock safety measures' at its sealed plant in Visakhapatnam where the gas leak...
Nevada governor green-lights June 4 reopening of casinos; Las Vegas gets ready
Shut down by the coronavirus, casinos get the go-ahead to start business again with social distancing in place.
Stripe launches in five new European countries
Expansion, which is being led by Dublin office, means company now in 39 countries
Dis-Chem at Ballito Junction shuts down after staff member tests positive
Close contacts of the affected person were immediately identified, placed in self-isolation and were being monitored, Dis-Chem said.
Open banking investment higher in the UK than any other European country
Consumers will be able to enjoy greater freedom when using financial products following reforms and growing investment.
Chamber's conversation guests
The Black Country Chamber of Commerce have announced the line-up of guests for its new In Conversation With series of events over the coming weeks.
Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists
The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with t
Papp L Roy & Associates Cuts Stake in Microsoft Co. (NASDAQ:MSFT)
Papp L Roy & Associates lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 192,115 shares of the software giant’s stock after selling 5,972 shares during the period. Microsoft accounts for about 5.5% of Papp L Roy & Associates’ portfolio, making the stock […]
Oil slides on US-China tensions, doubts about Russian output cuts
The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. Some question whether it will continue to do so as demand recovers after many countries ease coronavirus lockdowns.
Asia stocks mixed on uncertainty over Hong Kong security law
Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.
Markets begin cautious return to normalcy
Gold, textile, footwear shops in Srikakulam and Vizianagaram open for business after two months
Illinois business owner plans his own reopening as governor releases guidelines for businesses
With less than a week before Illinois enters the next phase of the governor's reopening plan, Gov. J.B. Pritzker put out new guidance documents outlining how he wants businesses to operate to minimize the spread of COVID-19.
Advent Partners hones in on GP software biz
The Australian buyout firm is delving back into two of its favourite sectors for its latest investment.
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
Surrey to pay TransLink $30M in land, $9M in cash for work on cancelled LRT
Council considered staff report on city’s 2019 annual financial statements during Monday’s “virtual” council meeting
Rupee slips 8 paise to 75.74 against US dollar in early trade
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of
Stocks - Europe Pushes Higher, Expecting More Stimulus
Stocks - Europe Pushes Higher, Expecting More Stimulus
Old Fogies kick it for needy
The challenge was accepted, and the goal was reached.
Dudu Myeni was prepared to cause ‘untold harm to SAA and the SA economy’
Parsing a word cloud from the judgment handed down in the North Gauteng High Court declaring Dudu Myeni a delinquent director for life, paints a devastating portrait of the former SAA board chair and friend of Jacob Zuma’s character and mien.
EU to unveil virus recovery plan amid split over way ahead
The move Wednesday comes as the 27-nation trading bloc is set to enter its deepest-ever recession as the impact from the coronavirus pandemic ravages economies.
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death., Business Insider - Business Insider Singapore
Business Insider - The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.. Read more at businessinsider.sg
Patanjali to raise Rs 250 cr through debentures
Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.
Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report
Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.
Samsung ties up with digital payment platform Benow to boost online to offline sales
As Samsung had a large retail network in the consumer electronics industry, this partnership will digitally empower retail partners across India, especially the ones in smaller cities and towns
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore
Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg
Boeing slashes 12,000 jobs as coronavirus impacts travel industry
A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months
Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance
Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.
Brewdog launches cheekily-named Barnard Castle Eye Test beer
The beer is available to pre-order now after a public vote
"Everyone Is Shocked": CBS News Hit Hard by Layoffs
"I’m really sorry," network president Susan Zirinsky said Wednesday on an all-staff Zoom meeting about the cuts. "There is not a person who won’t be missed."
NASA astronauts strap in for historic SpaceX rocket launch
Two NASA astronauts were being strapped in for a historic SpaceX rocket launch Wednesday afternoon — but the weather could still derail their trip. Doug Hurley and Bob Behnken rolled up inside
Bumi Resources Mineral to hold private placement to pay debt
The indebted miner is slated to sell the shares to Singapore-based management consulting firm Wexler Capital Pte.
Lithium Supply Fears Loom Over Electric Vehicle Happy Talk — Or Not, As The Case May Be
Spring has sprung, which means it's time for another round of guess how much lithium automakers will need to make enough lithium-ion batteries for the electric vehicle of the future, of which there are expected to be many millions on the road within the next ten years or so. Spoiler alert: we're going to need
Micron: Big Bets Are Being Placed
Institutional investors collectively bought about 3.5% (net buying) of Micron's total shares outstanding in the last 13F cycle. Moreover, 11 of Micron's 15 larg
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher
COVID-19 crisis: IT employees union writes to CM over lay-offs
National Information Technology Employees Senate (NITES) in the letter written to CM on Tuesday said several IT/ITeS/BPO/KPO companies across Maharashtra have started terminating services of their employees without any reasonable cause and withholding or deducting their salaries.
GHMC collects Rs 331 cr property tax so far
Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings
Boris Johnson vows not to hike income tax, VAT or national insurance and says triple lock on pensions will STAY despite coronavirus bailouts devastating public finances - with 8.4MILLION jobs now furloughed
Standing by Tory tax and pensions pledges today, Boris Johnson told senior MPs: 'We are going to meet all of our manifesto commitments.'
Coronavirus: Sharjah cracks down on erring salons
Those found to be violating precautionary measures asked to close
Natixis IM Makes Strategic Investment in UK Savings Fintech
Smart, a UK-based savings technology company, has announced on Tuesday that it received a strategic investment from Natixis Investment Managers, a French investment bank.
David Jones speeds up store closures after massive profit plunge
David Jones will accelerate plans to close some of its 48 stores after the coronavirus slashed sales by 35.8 per cent.
Historic pay equity settlement imminent for teacher aides - Hipkins
The Ministry of Education and NZEI Te Riu Roa have agreed to settle the pay equity claim for teacher aides, Education Minister Chris Hipkins announced today.
Sotto: Gov’t needs to rebuild economy
SENATE President Vicente Sotto III on Wednesday said government needs to put a premium in rebuilding the economy once it relaxes current strict community quarantines that have been imposed to minimize the health impacts of the coronavirus disease (COVID-19).
Renault could build cars at Nissan’s Sunderland factory in the future
The Renault Nissan Mitsubishi Alliance has been outlining its plans for the future.
NSW freezes public service pay to save $3 billion in pandemic
The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.
UP: Gorakhpur Teacher Suspended For Pro-Pakistan Questions During Online Class
A show-cause notice has been issued to her by the school, asking to file a reply within seven days.
Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter...
Covid-19 tests cost the State €200 each, says Taoiseach
‘Months rather than weeks’ before 14-day quarantine for passengers entering country ends
Wholesaler Quality King sued by AG for alleged coronavirus price gouging
“Quality King’s profiteering during this time of crisis is appalling,” said Attorney General Letitia James. “Instead of ensuring New Yorkers could protect themselves from this virus and stop
Renault, Nissan rule out merger, unveil plan to save troubled alliance
Renault and Nissan were among the weakest global automakers going into the coronavirus crisis
Alibaba Stock Will Struggle to Overcome These Short-Term Headwinds
Alibaba stock is facing threats from JD.com and the U.S.-China Cold War. This has led to weak sentiment towards Alibaba that should linger.
Is this the death knell for bank branches?
Older people and small businesses are the big users of bank branches. But bankers are waiting to see how much their behaviour has changed in the wake of the pandemic.
Mega lockdown puts India’s animal spirits to sleep in April
The numbers offered the first glimpse of the devastating hit to the economy.
Sensex rises 1,000 points as banking stocks shine
Axis Bank leads pack with 13.46% gain
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
Renault and Nissan scrap Ghosn strategy in move to slash costs
Carmakers rule out merger and ditch longstanding sales targets as alliance with Mitsubishi switches focus
Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B
Boeing slashes 12,000 jobs as coronavirus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.
Most CNN Employees Will Not Return to Office This Year, Jeff Zucker Says
"We expect that the majority of you will not be able to return to our offices this calendar year," the network president said Wednesday in a memo.
First Majestic Silver Is A Great Bet On Higher Silver Prices
If silver prices rise, First Majestic is well-positioned among major silver producers to see strong share performance. First Majestic has been improving operati
Ralph Lauren Remains on Offense in COVID-19 Crisis
The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.
Boeing resumes production of its troubled 737 Max airplane
The plane involved in two fatal crashes is starting back up production.
Megabus will resume service in and out of NYC next week
Megabus will resume its budget bus service between New York City and Philadelphia, Baltimore and Washington, D.C. next week, the company announced. Even as the Big Apple remains on coronavirus
Costa Rica: First same-sex weddings held despite pandemic
Costa Rica has become the first Central American nation to make same-sex marriage legal. Dozens of couples are taking advantage of the new law, although ceremonies must abide by coronavirus social distancing rules.
These 5 'stay at home' stocks are getting pounded as the US economy reopens, Business Insider - Business Insider Singapore
Business Insider - All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.. Read more at businessinsider.sg
Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore
Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg
Medicare Recipients May Get Insulin at $35 Per Month
Beginning next year, people on some Medicare Part D or Medicare Advantage Plans who need insulin will be able to access the lifesaving medication for just $35 a month, according to a new plan announced by the White House.
Locked down working mothers do bulk of childcare and housework
Researchers warned that "there is a risk of reversing some of the progress made in narrowing the gender wage gap over recent decades" because of the COVID-19 pandemic.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
These 4 Chinese Stocks Are Too Risky to Own
Luckin Coffee and three other Chinese stocks could be in the blast zone of newly proposed regulations.
Boeing’s India operations to be largest outside US
India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component
Experts: Just beating Covid-19 is not enough to return consumer confidence
KUALA LUMPUR, May 28 — Economic observers think it will take more than just overcoming the Covid-19 threat in the country to restore consumer and investor confidence. They predict that it will only see a resurgence if the government can roll out a sustainable post-Covid-19 economic plan to help...
Post COVID-19: We're determined to pass local content bill to boost Nigeria's economy - Reps
The widely expected Nigerian Local Content Development and Enforcement Bill 2020, passed second reading on the floor of the House of Representatives recently.
Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now
This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of
Business rescue practitioners shut down SAA’s plans to fly again
South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.
City of Amarillo’s sales tax revenue seeing potential decrease of $4 million
Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.
Why the Math Doesn’t Work for Chesapeake Energy
When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.
‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability
Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.
Decorated greyhound trainer found dead in suspicious circumstances
A family feud may be behind the suspected killing of a prominent Victorian greyhound racing trainer. (Image above: supplied) Karen Leek was found dead at her sprawling Devon Meadows property about …
Immigration recruitment: Ex-minister, fugitive businessman know fate tomorrow
Justice Nnamdi Dimgba of the Federal High Court, Abuja will decide on Thursday whether Patrick Abba Moro, Drexel Global Tech Limited ...
The Michigan Dam Failures Are a Warning
Many need repairs. Let’s fix them before climate-related flooding gets worse.
Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares
A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days
Balochistan registers 16pc increase in Covid-19 recovery rate: spokesperson
QUETTA: Balochistan government spokesperson Liaquat Shahwani on Wednesday said that the recovery rate in the province, which had decreased to 13 per cent over the last few weeks, has risen to 29 per c
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here’s how tech companies are reconsidering remote work in the wake of COVID-19.
As states prepare to lift COVID-19 stay-at-home orders across the US, some of tech’s biggest players have started to solidify their timelines for reopening their offices.
Workday Shares Have Become A GARP Story - And A Good One At That
Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to
COVID-19's Final Act And Epilogue
COVID-19 is winding down. MLPs and MLP closed end funds are a bargain. The stock market has upside but there are many risks.
Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr
The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021
Informa Markets To Launch The Industry’s Largest Digital Tradeshow
Changes are coming! Informa Markets Fashion and wholesale e-commerce platform NuORDER have partnered to launch the industry’s largest digital tradeshow, which will debut alongside Informa’s
Commentary: What a lousy time to graduate, what an unfair handicap for graduating students
This year’s graduates are entering the worst economy since the Great Depression, says the Financial Times' Brooke Masters.
New Jersey Man Charged in Mask Price-Gouging Scheme
Federal prosecutors in New York Tuesday announced the arrest of a New Jersey used car salesman accused of participating in a $45 million scheme to resell respirator masks to the city of New York at wildly inflated prices.
Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4
Multiple casino-resorts plan to open their doors amid COVID-19 world restrictions and new safety protocols.
Singapore firm offers to acquire P7.3-b stake in First Gen
Valorous Asia Holdings Pte. Ltd. of Singapore offered to acquire up to 9 percent of outstanding common shares of First Gen Corp. for P7.286 billion.
Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP
Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]
Euro economy facing recession as bad as worst forecasts – ECB president
Christine Lagarde says estimates for milder slump ‘out of date’
Thousands raised for funeral of former Stafford FM DJ
Thousands of pounds has been raised for the funeral and memorial costs of a former Stafford FM presenter.
Israeli Economy Shrinks By More Than 7 Percent Amid COVID-19 Crisis
Private spending dropped by 20.3 percent, investment in fixed assets by 17.3 and exports by 5.9 percent from January to March, according to Israel’s Central Bureau of Statistics.
Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down
Chancellor Rishi Sunak will reportedly ban firms for furloughing extra staff as the government looks at winding down the scheme. He is also due to announce later this week how much employers will need to contribute to the scheme from August.
Global energy investment expected to tumble 20pc in 2020 due to Covid-19 crisis, says IEA
PARIS, May 27 — Global energy investment is expected to plunge by around 20 per cent or US$400 billion (RM1.74 trillion) in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said today. The Paris-based IEA said this could have serious...
Google to begin reopening offices in July
The technology giant has said new health and safety measures will be in place to support social distancing.
Watch: Karan Johar's daughter Roohi chooses Taimur while Yash opts for Shah Rukh Khan's son AbRam to play with next in this adorable video
While the Johar family will be in self-isolation for the next 14 days, the ace filmmaker continued to entertain his fans with the lockdown series feat
Wednesday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
HBO Max Struts Into the Streaming Thunderdome
Inside WarnerMedia’s multibillion bid to supersize HBO and transform it into a streaming powerhouse capable of battling Netflix. The scope of HBO Max, combined with the muscle of WarnerMedia and AT&T, makes it a likely winner of the streaming wars.
Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]
Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission
ZUBR, a digital asset platform to arbitrage using derivatives, has received "in-principle" approval from the Gibraltar Financial Services Commission (GFSC) t
HC notice to Haryana on schools’ plea against restriction on fee hike
The schools in Haryana have been ordered by the government to only collect monthly tuition fee from only those who are capable of paying, and not demand other charges like building fund, maintenance fund, admission charges and computer charges in wake of the Covid-19 situation.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
When returning to work means staying local
As businesses reopen and get their staff back into the workplace, some employees and firms are deciding to switch the city for the suburbs.
Kilkenny-based Entegro creates 50 jobs from broadband contract
Telecoms company will design fibre optic networks for National Broadband Plan
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.
Coronavirus Impact: 72% consumers want to buy from locally sourced items going forward: Deloitte Consumer Tracker Report
Consumers are carefully evaluating needs versus wants of products and services making a shift towards less discretionary purchases
Pay up and we will extend Brexit transition, EU tells Boris Johnson
The bloc's chief negotiator Michel Barnier said an extension could be agreed - at a price
Profitably Scaling Regional Cannabis (Podcast)
What does it take to scale U.S. regional cannabis brands and do so profitably? We talk to Aviv Hadar from Oregrown and Eric Ross and Ed Weidenfeld of District C
Bank of Canada urges stores to continue to accept cash
Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.
Economists expect another 2.1 million Americans filed for unemployment insurance last week
Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.
EU proposes €750 billion coronavirus recovery fund
The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.
Majority of US small businesses optimistic in face of coronavirus pandemic, study says
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.
Alberta’s Jason Kenney says targeted approach needed to prevent COVID-19 resurgence
Kenney says the key to prevention will be ramped up testing, border screening and a focus on the protecting the highest risk group – seniors and those with underlying conditions
Out of legal options, Vijay Mallya may seek asylum in UK
The beleaguered businessman's team of lawyers had been working on the asylum route as a last resort.
Toronto Star owner Torstar to be sold, taken private in $52- million deal
Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
Dumpster Diving: (Kirkland's Edition)
On May 18, 2020, Kirkland's reported a business update. The big highlight was 96% e-commerce growth. Despite the costly two month forced shutdown due to COVID-1
Bhopal: Market opens but no business on day 1, traders not happy with 11am- 5pm timing
The district administration has permitted opening of shops in phased manner from 11am to 5 pm
EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'
The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...
Halfords to reopen 53 stores after physical-distancing trial
Customers allowed in store for first time since UK coronavirus lockdown started on 23 March
SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
Pat Rafter's former Sunshine Beach home sells for $17m
David Hales bought the oceanfront mansion from Pat Rafter for $15.2 million but was only able to resell after two years for $17 million.
Youth Online Businesses Face Closure as Govt Demands Fees
Deejays and those with online shops selling various goods including clothes, shoes and food items are affected by the pronouncements from...
Elgaar Parishad case: Navlakha moved to Mumbai from Tihar jail, family says not informed
Navlakha’s lawyers said they should have been informed and given an opportunity to be heard before shifting him to Mumbai, especially since his interim bail plea will be heard on Wednesday by the Delhi High Court.
Software solution predicts costs for manufacturers
New software designed to help manufacturers better predict and adjust costs may assist organizers one day with huge events such as the Olympic Games.
Hyundai Capital America goes live with Sopra’s Cassiopae
Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.
London-based Greyparrot nabs €2 million to automate recycling sorting
Today British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass. The new funds
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It's been a quiet past few days for Ethereum and the rest of the crypto market.
Companies like NAB and Westpac confirm hot desking is out as they begin returning employees to the office
The finance sector has rolled out measures for workers as they gradually return to the office.
ByteDance Hit $3 Billion in Net Profit Last Year
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Cognizant will ask 400 more executives to leave
India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an
Ackman says hedge fund up 27 per cent year to date, dumped Berkshire
The public and private funds at Pershing Square Capital Management have gained between 22% and 27% this year
The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic, Business Insider - Business Insider Singapore
Business Insider - Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.. Read more at businessinsider.sg
Coronavirus pushes global credit rating downgrade threat to record high
A total of 1,287 of S&P's ratings are now on a downgrade warning.
Vijay Mallya’s extradition delayed, speculation mounts over his application for asylum
India Business News: Vijay Mallya’s extradition has been delayed and it could be months before he is brought back to India. It is understood that the UK home office has de
AMC Theaters Upgraded From 'Sell' to 'Neutral' as Analyst Says Bankruptcy Risk Has 'Subsided'
Company's fair value estimate was also raised from $1 to $5
European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage
Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.
'Terrace House Tokyo' canceled following Hana Kimura's death
May 27 (UPI) -- Terrace House Tokyo, the newest season of Japanese reality series Terrace House, has been canceled following the death of cast member and professional wrestler Hana Kimura.
UAE markets open higher as trading resumes post-Eid
DFM investors cheer move to further resume economic activity in Dubai post-lockdown
Wall Street opens mixed, falling tech shares weigh on Nasdaq
Following Tuesday's impressive rally, Wall Street's main indexes started the day on a mixed tone on Wednesday. As of writing, the Dow Jones Industrial
Warning over 'aggressive' cannibal rats struggling to find food in the US during pandemic
With people stuck at home, there's less rubbish left in the streets for rats to feed off.
Virgin Galactic Stock Will Reach $30 Again, but the Timeline Is Cloudy
Investors should expect a slow build in SPCE stock with an eye towards an eventual doubling of the share price.
Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank
Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]
M&G buys adviser platform from Royal London
Acquisition of £14bn-in-assets business will help newly listed asset manager push further into retail market
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
First Fishrot case bail ruling due next week
FORMER Investec Asset Management Namibia client director Ricardo Gustavo, who is one of the six men charged in the Fishrot fishing quotas corruption case, is due to hear on 3 June if his application
Worldwide cases near 5.6 million; death toll nears 348,000
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Natural gas futures up 0.54% in evening trade
In the futures market, natural gas for June delivery touched an intraday high of Rs 150,30 and an intraday low of Rs 146.80 per mmBtu on MCX.
Can General Electric Survive The COVID-19 Recession
General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...
Tower FM is being shut down after broadcasting local radio to Bury and Bolton for 21 years
The local radio station for Bolton and Bury is set to be re-branded as the nationwide Greatest Hits Radio from September
Boeing workers cope with the virus threat as layoffs loom
Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.
Ex-IAAF chief Diack's corruption case changed to 8 June
The Paris trial of Lamine Diack who is accused of accepting millions of dollars to cover up positive Russian doping tests, has been moved back five days to 8 June.
Covid-19: Google to reopen offices in July for limited number of employees
The company will also be giving $1,000 stipend for home office equipment to make remote work easier
Tom Cruise in space
NASA is rolling out the International Space Station’s red carpet for Tom Cruise to make a movie in orbit.
Elon Musk's SpaceX raises US$346 million ahead of debut astronaut mission
Elon Musk's SpaceX said on Tuesday that it raised US$346.2 million in a new round of funding, a day before it launches two American astronauts to ...
What is the difference between subsidized and unsubsidized student loans?, Business Insider - Business Insider Singapore
Business Insider - One of the main differences between subsidized and unsubsidized loans is that you'll pay no interest on subsidized loans while in school.. Read more at businessinsider.sg
Refugees in East Africa facing starvation due to COVID-19
The UNHCR has warned that urban refugees in East Africa are on the precipice of catastrophe due to a worsening situation brought by the coronavirus
EU proposing £670bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
House to begin proxy voting; GOP sues to block historic change
May 27 (UPI) -- The House is set to begin a historic new proxy voting resolution on Wednesday that will let lawmakers cast votes for absent lawmakers, a prospect opposed by Republicans in the lower chamber.
Torstar’s family trust sells near market bottom
After rejecting a series of higher bids, the five families are selling voting control of the 128-year-old company for $6-million
WWE Raw viewership down again, but key demo still performs well
Despite featuring a title match and several strong segments, WWE Raw's average viewership suffered a drop!
Boeing set to announce significant US job cuts this week: Union
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".
Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)
Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]
Greece “will invest, not spend, its share” of the EU €750 billion recovery plan
Following the announcement of the €750 billion aid package to help Europe's economic recovery from the fallout of the coronavirus pandemic, Greek government
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Nokia Temporarily Shuts Down Its Manufacturing Unit Near Chennai After 18 Employees Test Positive For Covid-19
Mega lockdown puts India's animal spirits to sleep in April
India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.
OnePlus wants to get back to its roots with cheap phones
OnePlus has gotten away from what kickstarted their brand in recent years. The original OnePlus One was an incredibly cheap phone especially for the specs,
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore
Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg
Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript
Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen
Economy contracted by 1.7 per cent in March quarter - PIOJ
Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...
Oman to lift lockdown on Muscat from Sunday
As per the new decisions, public sector employees will resume work gradually
Boeing set to announce significant US job cuts this week
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...
Pandemic slows electric vehicle revolution due to lithium battery shortage
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of lithium into survival mode with output cuts.
EXCLUSIVE: Jeffrey Epstein had surveillance cameras hidden throughout his properties worldwide in a 'blackmail scheme' to extort his powerful friends, victims tell new Netflix doc about the pedophile
Jeffrey Epstein's surveillance cameras were a 'blackmail scheme' to extort his powerful friends, new Netflix documentary Jeffrey Epstein: Filthy Rich claims.
Crypto Comeback: Chief Economic Adviser Optimistic Over Renewed Risk-On Tone
When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore
Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg
City springs back to life with almost all shops open
Managements are strictly following guidelines to prevent virus spread
China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript
Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
The Apprentice's Daniel Elahi's product ads banned for claiming they'd cure coronavirus
Daniel Elahi has had three adverts for his Revival Shots rehydration sachets banned by the Advertising Standards Authority as they implied they'd boost immunity and help cure COVID-19
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers, Business Insider - Business Insider Singapore
Business Insider - Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.. Read more at businessinsider.sg
Fix training to end the quiet Australians' fear of uncertainty
Vocational education reform is about encouraging the quiet Australians to profitably invest in their own human capital, so they need not fear Australia’s 21st-century end of certainty in an information age and globalised economy.
MSMEs set new world record for largest online business lesson
The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.
Covid-19: China’s industrial firms profits fall in April but at slower pace
Profits at China’s industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), after plunging 34.9% in March, the statistics bureau said on Wednesday.
NordStar Capital to Acquire Torstar
NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)
Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history, Business Insider - Business Insider Singapore
Business Insider - Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects a decline of 20% compared to last year.. Read more at businessinsider.sg
'We Can’t Take For Granted That Sport Will Exist At The End Of This'
CEO of the Federation of Irish Sport Mary O'Connor has warned that we can't take for granted that sport will return once restrictions are lifted.
COVID-19 likely to deepen salary crisis in GHADC
TURA: With the ongoing Covid-19 pandemic crisis in the state, agony of the employees of the Garo Hills Autonomous District Council (GHADC) who are yet to be paid their pending dues for over 24 months, is likely to get compounded as there is no certa
Boeing starts job cuts with 6,770 layoffs in U.S. this week
Boeing Co. unveiled the first of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
DeSantis To Appeal Ruling Striking Down Florida’s So-Called Felon ‘Poll Tax’ Law
Gov. Ron DeSantis (R-FL) said Tuesday that he’ll appeal a federal judge’s decision striking down a Florida GOP law that...
Private Labs, Take Note! ICMR Says Price Cap of Rs 4,500 For COVID-19 Test Not Applicable, States/UTs Advised to Negotiate
The ICMR has also asked states and Union Territories (UTs) to negotiate with private labs to fix "mutually agreeable" rates for the test.
OnePlus reportedly working on a barrage of affordable products including mid-range smartphones
OnePlus CEO Pete Lau stated that the company wants to get back to its roots as an affordable gadget provider. We can expect to see a host of reasonably-priced OnePlus gadgets and smartphones on the market soon. It is all part of a plan to create a wider ecosystem centered on the OnePlus brand.
Curfew drops banking hours
According to the Kampala capital City Authority (KCCA), Kampala city roads have a carrying capacity of approximately 45,000.
Google expands tools to help businesses impacted by COVID-19
Google is rolling out a series of updates aimed at helping local businesses adapt to the COVID-19 pandemic while continuing to serve their customers across Google Maps and Search. Since the outbreak, Google has made it possible for businesses to communicate to customers things like their revised operating hours or temporary closures, among other things. […]
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the bitcoin market has its own route. Coinbase plans to buy Tagomi.
Why COVID-19 immunity passports may violate US law
Amazon and General Motors are among companies exploring ways to test employees for COVID-19 infection, but these measures may be against the law.
British Land reveals fewer than half of retail tenants paid rent in March
The commercial landlord, which owns shopping centres and office space, has written down the value of its retail portfolio by 26%.
SBI cuts fixed deposit rates by 40 bps; check out new rates
The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website
Few faces, more spaces as B.C. schools to reopen next week
Classroom instruction will be offered on a part-time, voluntary basis for the final month of the school year – the reopening is serving as a trial run to what is expected to be a full return to classrooms in September
Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide
The Dow broke above 25,000.
Banks would need additional capital buffer of $20 bn, says Credit Suisse
Slippage of 20% on loans under moratorium to weigh on capital ratios
Ethereum’s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months
The use case that helped power Ethereum's record-setting string of positive weekly closes in early 2020, has now gone parabolic.
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
Food industry can weather global economic shock: BKPM
Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.
Virus sparks record drop in energy investment – IEA
The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
Lime says Calgarians use their scooters more than anywhere else in the world
After arriving in the downtown core last weekend for the second year, with each being used an average of seven times a day – which is more than triple the global average and double the next closest city.
Johnny Depp completes painting after 14 years amid lockdown
Actor Johnny Depp has finally completed a wine bottle painting that he had started 14 years ago.Depp took to Instagram, where he shared a photograph of his artwork, which he started in 2006.He captioned: "It's odd, the things that we once gave such p
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
StockBeat: Banks Take up the Baton as Cyclical Rally Continues
India among major markets to see increase in ATM usage over 2019
Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.
Economic Update: Fitch Ratings cuts GDP forecasts again – McKinsey see opportunities for a greener recovery
27 May Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO). Brian...Read More...
Ex-Citi banker's alleged ties at issue in insider trading appeal
When prosecutors knew about possible links between a former Citigroup banker and a wealthy businessman will be one of the issues reviewed.
Local bodies ready to pay expense
Amid the controversy over charging money from returning expatriates for quarantine facilities, two local bodies ruled by the United Democratic Front in Kozhikode district have written to the governmen
Sir Alex Ferguson read riot act to Ryan Giggs and Lee Sharpe over evening plans
Back in the day Ryan Giggs and Lee Sharpe had plans for a midweek night out but they were quickly dealt a blow when Sir Alex Ferguson turned up to put a stop to things
Protester who hung effigy of Kentucky Gov. Andy Beshear fired from job at car dealership
Terry Bush, president of the Kentucky 3 Percenters group, only hoisted the effigy, his wife Patsy said Wednesday morning.
Heavy Storms Kill Two People In Siberia, Damage Houses, Infrastructure
Heavy storms and rains in Russia's Siberian region of Kemerovo have left two people dead and damaged dozens of houses and social infrastructure.
Trigon Metals acquires copper-silver project in Morocco
Trigon Metals is set to acquire a 100% equity interest in Technomine Africa. Technomine owns a 100% interest in the Silver Hill Project in Morocco.
SpaceX is about to launch NASA astronauts to the International Space Station on its Crew Dragon spaceship. Here's what to expect.
Wednesday's SpaceX launch is set to send the company's first-ever passengers into space: NASA astronauts Bob Behnken and Doug Hurley.
Enjoying the fruits of their labour
Farmers deserve the freedom to market their produce at a place of their choice
G20 finance projects give $77 bn a year to fossil fuels: watchdog
Rich nations have used banks and development programmes to funnel at least $77 billion in each of the last three years to oil and gas projects .
Ola Electric to launch electric two-wheeler in India in 2021
Ola Electric acquires Etergo in order to enter electric two-wheeler segment. Ola will leverage Etergo technical knowhow and battery tech. Click here to know more.
Peloponnese on alert for malaria cases due to illegal immigrants
Health services in the Peloponnese region are on "red alert" for the summer, due to the fear of the rise in malaria cases as a result of the increased
Moderately higher inflation in response to bigger debt levels – UBS
The world will emerge from COVID with considerably higher levels of debt while will be left structurally less global by the crisis, spurring on the de
MediaWorks Layoffs Call Into Question The Value Of Bailouts
The Taxpayers’ Union is urging the Government to urgently reassess its seemingly bottomless support for struggling media companies who take taxpayer money one day, and sack hundreds of staff the next.
United Spirits Q4 down 57.8% to Rs 49.3 crore
The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
LivePerson Stock Is Ready To Go 'Live'
LivePerson has been undervalued due to lower-than-expected growth and lack of profitability. It is beginning to turn the ship around and become profitable and h
Farmers Will Grow What Markets Want: What Modi Government’s Agriculture Reforms Will Achieve
To begin with, the change towards a demand-driven value chain, instead of a supply-driven one, is a gamechanger.
Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy
The Dow broke above 25,000.
FIA approves Formula One budget caps over next five seasons starting from 2021
The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.
Stocks in Focus on May 27, 2020 | Markets News
New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »
Primark's new rules for when stores reopen
Shops will be allowed to welcome back customers in England from June 15
Newsom: California gyms could get reopening road map soon
Newsom said the state is prepared to release guidance in the "very, very near future" as California continues to incrementally restart its economy.
'I have not killed any Tutsis': Alleged financier of Rwandan genocide denies involvement after decades on the run
The accused financier of the genocide of 800,000 men, women, and children denied he was responsible after being captured this month in France.
France unveils $8.7 billion plan to rescue ailing car industry
The plan focuses on the production of environmentally-friendly vehicles
Consumer sector seen de-growing by 2-4%
Mumbai: The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector de-growing by 2-4 per cent this fiscal, says a report. However, the impact will be...
Crisis causes a rethink on CBD office space
Those organisations that can offer their staff flexible working arrangements will have a competitive advantage in attracting better talent,
NHS Taps 25 Firms to Provide Security Under a Massive £250 Million Framework
The NHS awards 25 separate cyber security companies access to a £250 million framework designed to boost its cyber security posture.
Walmart partners with online fashion reseller thredUP
May 27 (UPI) -- Retailer Walmart said Wednesday it's partnering with consignment company thredUP as a measure to boost online fashion sales.
Moderna rally loses steam over COVID-19 vaccine worries
(Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc (MRNA.O), fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
Pandemic kills off GSFM volatility fund
The Triple3 Volatility Advantage Fund established in 2014 by respected fund manager and former Goldman Sachs options trader Simon Ho has been wound up.
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.
Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked
Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...
Drug wars: how AstraZeneca overtook GSK in UK pharma
With new cancer drugs and a vaccines partnership with Oxford university, AZ’s turnround has boosted the industry in Britain
BitGo Launches Crypto Brokerage for Institutions
BitGo, a crypto financial services platform, has announced the launch of its prime brokerage platform, offering digital asset trading services to its institutional clients.
As SPCE Stock Remains a Moonshot, Stay on the Sidelines
A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.
Bike-sharing services get commuters to drive less
When bike-sharing services open in cities, more people start to commute by bicycle and take public transit, new research shows.
Exclusive: Chevron to cut up to 15% of staff amid restructuring
Exclusive: Chevron to cut up to 15% of staff amid restructuring
EU to unveil massive stimulus plan for post-coronavirus recovery
To help member states recover from coronavirus slump.
Blue Dart: Muted volumes, revenues amid high costs to weigh on margins
Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore
Otrium is Trying to Solve Fashion’s Inventory Problem
The online designer outlet is looking to fuel international expansion with this round, led by Eight Road Ventures.
The coronavirus has taken a sledgehammer to live entertainment. Ticketek explains how it has kept the ball rolling through the pandemic.
Ticketek has switched to virtual events as several live entertainment shows have been cancelled or postponed during the coronavirus pandemic.
Lufthansa board rejects EU conditions on US$10 bln bailout
German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...
Cognizant offers voluntary separation package for US staff as Covid hits biz
New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.
Gold Stocks Are a Safe Haven From the Upcoming Recession
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
Floor trading resumes at NYSE, with masks and plexiglas
New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.
Gartner: Global Device Shipments To Slip 13.6% in 2020
Gartner has forecast a 13.6% drop in global device shipments (including tablets, mobile phones and PCs) for 2020, warning the coronavirus pandemic could have throttled the industry more had work-from-home conditions not been enforced.
Covid-19 to drive €4bn loan losses in Irish banks
Pandemic will wipe out capital due to be returned to shareholders
Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival
Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.
Milestone In Cash Flow Support To SMEs
A billion dollar milestone is about to be passed as government cash flow support rolls out to small businesses through interest-free loans.
BlackRock votes to split CEO, chairman roles at Exxon Mobil
HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Israeli Elderly Emerge from Isolation in ‘Nature Tuesday’ Program
The Nature Tuesday initiative has been reactivated as part of the struggle against loneliness.
Coffee quality likely to drop as farmers struggle to offload unsold harvest
Kampala, Uganda | THE INDEPENDENT | The quality of coffee from a lot of farmers will likely be compromised as many who failed to get buyers to take their produce decided to heap it in their homes. This is according to the Uganda Coffee Development Authority (UCDA) managing director Emmanuel Ilamulemye, who spoke during an …
Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20
Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.
FIA approves F1 budget caps over next five seasons starting from 2021
The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.
Four family-owned Ipswich shops to reopen this June
The Childs/Manning family, who have several businesses on St Peter’s Street say they are looking forward to welcoming customers back
SC asks Centre to identify private hospitals for free Covid-19 treatment
Three-judge bench led by CJI says there are private hospitals that have been given land either free of cost or at nominal rates, so they should treat coronavirus-infected patients for free
Agriculture department claims Pakistan is the new breeding spot of locusts
BR Kadwa, the deputy director of the agriculture department said that Pakistan has become a new breeding ground of desert locusts that are entering Rajasthan from adjoining areas in Pakistan.
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
Govt disburses $202 million for 5 million poor families via village funds program
In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.
Boeing slashes 12,000 jobs
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Group of 20 finance projects give $77 billion a year to fossil fuels
The analysis showed that China, Japan, Canada and South Korea were the worst offenders.
Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.
Analyst Who Called Bitcoin Drop to $3,000s Expects Another Brutal Bear Market
Bitcoin has rallied strongly since the $3,700 lows established in March. From the bottom of the crash, the cryptocurrency is now up just shy of 150%.
Burger King debuts 'social distancing crowns' in Germany
Burger King wants its customers to enjoy eating their food safely - hence why they've come up with a smart idea: social distancing crowns.
Micron climbs 6% after boosting sales guidance by more than expected, Business Insider - Business Insider Singapore
Business Insider - The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.. Read more at businessinsider.sg
Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here's how they're living through the pandemic.
Costs are lower, the company is superb, and the sweeping San Francisco Bay is their backyard. The shelter-in-place life hits different on a houseboat.
UCO Bank slashes lending rate by 40 basis points
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.
Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market
Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
Regional Manufacturing Indexes Begin Long Road Back In May
The May 2020 Philadelphia and Empire State regional surveys of manufacturing conditions showed the early stages of recovery among the regions' manufacturers. Im
Boston-area zoos plan to reopen; virus cluster in Worcester
Two Boston-area zoos are planning to reopen, but with new safety protocols in place to prevent the spread of the coronavirus.
French power couple lose money laundering appeal
PARIS, May 27 — A French political power couple lost their appeal today against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office. Patrick and Isabelle Balkany, right-wing politicians who for...
Airbnb where Matt Damon isolated available again for renting
THE luxury property outside Dublin where Matt Damon isolated during the coronavirus lockdown is going back on the rental market for the first time since the Hollywood A-lister's stay.
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged ...
EUR/USD: Extra gains expected above 1.1020 – UOB
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s
US donates additional $44 million to Jamaica's COVID-19 response
The United States Government has committed an additional $44 million (U...
Commentary: Multibillion-dollar wizards – how COVID-19 is exposing what’s behind the curtain
Platform giants should be thriving where the coronavirus have pushed consumers and merchants to embrace e-commerce, yet many are laying off staff, ...
COVID-19 exposed structural deficiency of Nigeria
In the preceding editions, much of the focus has been on the medical response to the novel coronavirus disease, both in Nigeria .
Shares in Latin America's biggest airline plunge after bankruptcy filing
Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US.
Oyo group backs govt to take N22.5b loan - The Nation Nigeria
An Oyo State-based socio-political organisation, Oyo Kajola Group (OKG), has described the approval of N22.5 billion loan by the House of Assembly ...
Dynamic Coin Offering (DCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK, Thailand (AP) — Latam Airlines, South America's biggest carrier, sought US...
PM Trudeau says jobs available for young people, implores employers to re-hire
Prime Minister Justin Trudeau used his 65th morning press conference to implore Canadian businesses to re-hire their employees, noting that while the COVID-19 pandemic turned lives 'upside down,' seeing as many Canadians back to work as possible will be key to Canada's economic recovery.
No screams please: Japanese funfairs prepare for virus era
No screaming on the rollercoaster, socially distant spooks in the haunted house, and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era.
Charles Schwab-TD Ameritrade Merger Hit by Eight Lawsuits
Boards of Charles Schwab and rival TD Ameritrade have invited their respective shareholders to agree on the all-stock merger that was valued at $26 billion.
Woman fired from job after calling cops over black man in New York's Central Park
NEW YORK: Denouncing "racism of any kind", a global investment firm has fired a white woman after a viral video showed her calling police to say ...
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Walgreens Boots Alliance: The Case For Buying In At Near 5-Year Lows
Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe, employing 440k staff globally
XpresSpa Pivots To Coronavirus Testing At New York’s John F. Kennedy Airport
The pilot concept paves the way for the company to enter the medical sphere and widen its reach within the health and wellness segment.
Here’s How to Make a Safer Wager on Penn National Gaming Stock
Today’s PENN stock price deserves a new strategy that plays a bit like craps. It uses the options market to leverage more upside.
Trade from North to Great Britain will be ‘99.9%’ unfettered, says Gove
No pushback from EU on British government interpretation of protocol, minister tells MPs
Airline debt could rise to US$550 billion by year-end: IATA
IATA believes that the kind of financial support provided will influence the speed and strength of the airline industry recovery…
States Sue to Block Trump From Weakening Fuel Economy Rules
At stake in the lawsuit is the single biggest effort by the United States to fight the climate crisis.
U.S. economic activity fell sharply due to coronavirus disruptions, Fed says
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
IMF advises banks to suspend dividend repayment, share buybacks
Kristalina Georgieva, IMF managing director, said the decision is necessary to help banks reinforce their capital buffers against the shocks
Alibaba Records Only 9% Lower Profit Than Amazon But Trails By 4x In Revenue
Data gathered by Learnbonds.com shows that Chinese internet company Alibaba registered 9.3% lower profits compared to United States’ Amazon. The data further shows that there is a significant gap in revenues between the two companies by at least four times for the financial year ending March 31, 2020.
Union Properties’ subsidiary to claim approximately Dh1.5b
The claim is related to construction work that was completed around 10 years ago
Trading strategy losses hurt banks’ capital markets profit
The Bank of Montreal and the Royal Bank of Canada reported worse than expected results due to market volatility
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history
Global investment in the energy sector is expected to plunge by almost $400 billion in 2020 compared to last year as the pandemic takes a beating on the energy sector, the International Energy Agency warned on Wednesday.
Arena 10 Thonglor to host rent-free market to boost the beau monde
A nightlife destination known for clubs and restaurants in the heart of Thonglor will host a rent-free weekend market next month to help upmarket businesses hurt by COVID-19 Arena 10 will not charge vendors to sell at the market to be set up on...
Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion
Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly six-year bet that lost him almost $1.6 billion.
Harvest Health: Licking Its Wounds
Focus on core markets. Cost-cutting and liquidity. Disappointing growth prospects.
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers
Boeing said it had resumed construction of the 737 Max at its Renton, Washington, plant, just hours after announcing layoffs.
Op-Ed: Challenges faced by early-stage clean energy companies
Like many other sectors, early-stage clean energy companies are heavily affected by the COVID-19 pandemic and the response of governments to it.
After decade of work, Victoria firm submits lupus drug to FDA for approval
Victoria pharmaceutical firm Aurinia is one step closer to bringing to market its treatment for lupus nephritis after submitting a new drug application to the Food and Drug Administration in the . . .
Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans
Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been a
Expert group to guide health dept
Amid spike in the Covid-19 curve, the state health department apparently galvanised by change of guard at top has constituted an expert group for controlling the menace of the disease. The department has also set up five working groups for different aspects of the pandemic. The newly
Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates
Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...
Ralph Lauren speeds up online shift as store reopenings continue
Ralph Lauren Corp. has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world.
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
‘Pass on repo rate reduction to realty sector’
CREDAI writes to Governor of Reserve Bank of India
EU pledges aid to Venezuelan refugees impacted by coronavirus pandemic
As Latin America becomes the new epicenter for the pandemic, the EU and Spain sought to raise awareness and aid to help Venezuelan refugees struggling from the migration and health crisis.
ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case
The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19., Business Insider - Business Insider Singapore
Business Insider - Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.. Read more at businessinsider.sg
The Billionaire Governor Who’s Been Sued Dozens of Times for Millions in Unpaid Bills
Gov. Jim Justice is West Virginia’s richest man. Over the last three decades, lawsuits over unpaid bills have cost his constellation of companies more than $128 million in judgments and settlements.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Desperate single dads form long queue outside food bank so they can feed their kids
Shocking footage shows the men inside Elephant and Castle shopping centre in a long line leading up to the office of the Dad's House food bank in south east London
House casts proxy votes in pandemic, Republicans have doubts
WASHINGTON (AP) — It was a day for the history books on Capitol Hill: For the first time, House lawmakers voted by proxy, an unprecedented move to avoid the risks...
Hairdressers head to court today over level 3 restrictions
With level 3 regulations set to come into effect next week, those in the hair and beauty industry are still not being allowed to fully operate.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors
Google is facing a potential antitrust case in India over its mobile payments app, according to a new report from Reuters.
‘Samsung Money’ adds a physical debit card to Pay w/ account, more [Updated]
Later this year, Samsung is set to debut a new take on Samsung Pay that adds a physical debit card and account called "Samsung Money."
Banner Health invests in firm that gained attention as domestic PPE manufacturer
Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.
Australian businesses in China urge focus on 'common ground'
While openly confident about trade between the two countries, executives on the ground in China privately fear action beef and barley shipments could be just the beginning.
Mastercard: A Major Beneficiary Of The "New Normal"
Mastercard's recent operating update suggested a likely trough in business activity, with sharp improvements seen in the last few weeks. Cross border transactio
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
Boeing to lay off more than 13,000 workers including 6,700 involuntary job cuts as the aerospace giant reels from coronavirus crisis
Boeing announced Wednesday it will lay off around 13,000 workers including 6,770 involuntary cuts while 5,520 staffers were accepted for voluntary severance packages.
Rupee settles 5 paise lower at 75.71 against US dollar
The rupee opened weak.
In Spain, food aid queues grow as poverty outpaces 2008 crisis
Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered.
London Camera Exchange: ‘Customers have been great’
For the latest of our chats with major retailers to see how they are coping with the pandemic, we meet Adrian Deary, marketing and communications manager of London Camera Exchange (LCE).
BMO reports Q2 profit down from year ago as provisions for credit losses rise
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Robinsons squash buoys Britvic as sales hit by pub closures
Sales of child-friendly brand Fruit Shoot were affected by the lockdown, the company said, as people stayed at home.
"Innovation Should Be Given a Boost Through Tax Incentives"
In the middle of the current pandemic, India has emerged as a credible supplier of essential medicines
The inescapable truths investors face now
Covid-19 reality: What the combination of higher savings rates and lower capital investment means for global growth.
Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery
Economic activity “sharply” declined across the U.S.
GHADC staff file contempt notice in HC
SHILLONG: The Non-Gazette Employees’ Association of the Garo Hills Autonomous District Council (GHADC) on Tuesday filed a contempt case against the Chief Executive Member and the Secretary of the Council in the High Court of Meghalaya for non-payment
Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus
The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month
Google Provides $1,000 USD Allowance to Employees Working From Home
To put towards computers and office furniture.
Agra: With Over 87 Per Cent Of Recovery Rate From COVID-19, Virus Spread In Taj City Slows Down Significantly
While 761 patients had recovered and returned home, the number of active cases was 76.
Amazon in talks to buy autonomous vehicle start-up Zoox
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
Delhi: Markets empty, traders say Metro is only sliver of hope
The centrality of the Metro and full bus services was echoed by the market associations of Lajpat Nagar and Karol Bagh, which reopened with approximately 30% and 48% shops respectively.
Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...
McGuinness says Ireland will “fight for its fair share” of EU recovery fund
Ireland’s Vice President of the European Parliament has insisted the country will “fight for ...
Working mothers interrupted more often than fathers in lockdown - study
Mothers are more likely to have lost jobs and are doing more childcare and housework
Global stocks rise as lockdown measures ease further
Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.
Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go
Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com
Citi kicks off Eni gas sale with $US165m free-cash-flow pitch
Commodity exposure without the commodity price risk – that's the headline pitch from the energy giant.
This Pidilite Industries-promoted stock has rallied over 100% in one month
Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
The spread of America's self-inflicted debt crisis
The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.
Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)
Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…
Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore
Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg
Battle ahead for EU's massive virus recovery plan
If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.
Freight companies 'on their knees and will fail' due to coronavirus pandemic
Some hauliers are on their knees and will fail following the coronavirus lock down, an industry spokesman in Northern Ireland predicted.
Radical Transparency: A (Positive) Spin On Despegar's Q1 Earnings Call
Despegar reported disappointing Q1 results on May 4th, 2020. The company outlined cost-cutting measures and liquidity sufficient to survive an extraordinarily d
Connect First Credit Union appoints former ATB exec as new COO
Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.
NFL Insider Names Team He Thinks Is Frontrunner For Jadeveon Clowney
On the defensive side of the ball, Jadeveon Clowney remains the biggest name still on the NFL free agent market.
IOI Corp’s Q3 profit hit by foreign currency translation loss
KUALA LUMPUR, May 27 — IOI Corporation Bhd’s net profit fell to RM100,000 for the third quarter (Q3) ended March 31, 2020, from RM248.5 million in the same period last year due to a large net translation loss on foreign currency-denominated borrowings. However, revenue was higher at RM2.03...
BitGo Launches New Offering Institutional Trading Service Through New Entity BitGo Prime
Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims
Coronavirus pushes number of S&P credit-downgrade warnings to all-time high
A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate
Global spending on oil to drop by $1 trillion in 2020 says IEA
Investment in energy sector will see its biggest drop this year says the agency
Discounts are widening the audience for private jets
The industry is reeling from a lack of business travellers. That means significant discounts for people who otherwise might not consider private aviation.
COVID-19 response: DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
US capital Washington eases coronavirus lockdown
The US capital is relaxing lockdown restrictions following a sustained period of decreased coronavirus infections, Washington's mayor said.
Elon Musk's SpaceX raises $346 million ahead of debut astronaut mission
US President Donald Trump will be among the spectators at Kennedy Space Center to witness the launch
Electric vehicle makers battle the COVID-19 pandemic
Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.
Pure Gold Mining: A Look At The Valuation After This Advance
Pure Gold Mining is one of the top-performing gold juniors with a more than 50% return year to date. The company is more than fully-funded to complete construct
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.
Stocks rally on EU stimulus plan, euro gains
NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...
RIL, which made equities popular, inaugurates new trading venue with biggest ever rights issue
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
Inside Khloe Kardashian's Calabasas mansion she's selling for £16 million
Khloe Kardashian has put the mansion she bought with ex-husband Lamar Odom on the market and could make a cool £10m million profit from the property
Digital strategies key for retail to survive a shifting consumer landscape
The world is in unchartered territory and as many businesses face the harsh reality of lockdown, we are beginning to accept that jobs will be lost, orders will be cancelled, and many doors will not be reopened.
Dynamic Coin Offering (DYCO) Promises Investor-Friendly Token Crowdfunding Mechanism
The days of the old and risky crowdfunding mechanisms in the cryptocurrency industry, including ICO, STO, and IEO, could be numbered. The secure DYCO (Dynamic Coin Offering) framework promises to safeguard retail investors from the inefficiencies of the yesteryear crowdfunding mechanisms.
Tesla Cutting Car Prices to Spur Demand
The electric vehicle company had strong first-quarter results, but COVID-19 related lockdowns have put a damper on North American car sales.
Coromandel International's Q4 PBT rises 91%, total income up 8.84%
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms
For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.
EU bailout package 'would be a game-changer' for Europe, analyst says
Guntram Wolff has told Euronews that if EU leaders can agree on a one-trillion bailout package for member states it would strengthen the bloc.
Newcastle United’s reported interest in Xherdan Shaqiri is perfect for Liverpool
Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.Newcastle United might be the only team around who can pay Liverpool's initial price-tag for the Swiss star.
Used car sales recover after COVID-19 lockdowns
Many wholesalers either weren’t trading-in cars, or were making low offers amid market uncertainty, but the used market is now showing signs of recovery.
AT&T Stock Jumps 3% on HBO Max Launch
AT&T (T) stock is getting a boost Wednesday following the launch of HBO Max, which is the company's new premium streaming service.
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
EML Payments leads the insider selling
Insider selling at a tech darling and two miners might give mere mortal shareholders some food for thought this week.
Energy group urging people to help environment after Covid-19 crisis
An energy group from Montgomery has urged people to consider life after coronavirus, and its impacts on the environment.
NASA chief "all in" for Tom Cruise to film on space station
NASA is rolling out the International Space Station's red carpet for Tom Cruise to make a movie in orbit.
Men do over an hour less unpaid labour a day than women in lockdown, study shows
The figures also found time spent on childcare has risen by more than a third during the lockdown.
Robinhood says it's fixed an issue that showed incorrect portfolio values for users, Business Insider - Business Insider Singapore
Business Insider - Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.. Read more at businessinsider.sg
FIA approves Formula One budget caps over next five seasons starting from 2021
The first-ever F1 budget cap will come into force next season at 145million US dollars (£117million), with further cuts in 2022 and 2023-25.
Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
Chris Newkirk is coming to Visa Inc. as its new chief strategy officer.
China’s Meal Delivery Service Meituan Now Valued At $100B
Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.
Neste and Covestro enter cooperation related to sustainable plastics production
Neste Corp. (Espoo, Finland) and Covestro AG (Leverkusen, Germany) are starting a strategic cooperation in Europe to promote the use of sustainable raw mat
Economists: UK economy to face 5% annual deficit by 2024 – FT
According to calculations based on forecasts by independent economists, UK is likely to incur an annual deficit of 5% national income by the time of t
ETFs pave the road for those seeking diversification
ETFs are popular because they are simple and inexpensive, but their main failing is that they don't exclude low-performing components.
EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis
The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.
Are the Coronavirus Bailouts Working? What We Know So Far
If the crisis persists, Congress, the Treasury Department and the Federal Reserve may have to rewrite their playbooks.
PSG Group to offload 28.11% stake in Capitec to shareholders
Post-unbundling it will retain a 4.3% shareholding in the bank.
Short covering or a catch-up rally? What drove Sensex up 996 points
Among the blue chips, bank and financial stocks were in heavy demand.
ETRADE Capital Management LLC Acquires 12,515 Shares of ON Semiconductor Corp (NASDAQ:ON)
ETRADE Capital Management LLC lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 109.4% in the first quarter, HoldingsChannel.com reports. The firm owned 23,957 shares of the semiconductor company’s stock after acquiring an additional 12,515 shares during the period. ETRADE Capital Management LLC’s holdings in ON Semiconductor were worth $298,000 as of its most recent […]
Back-to-basics billionaire sounds money-printing warning
Legendary stock picker Kerr Neilson says big spending was entirely appropriate to fight COVID-19, but wonders if the world really wants to own more bonds.
Walmart teams with ThredUP to sell used clothing online
NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.
Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day
Kenney says targeted approach needed to prevent COVID-19 resurgence
Premier Jason Kenney says Alberta has been among the world leaders in staunching the spread of the COVID-19 pandemic, but at a staggering financial cost the province cannot afford to repeat should there be a second wave.
Oakland McDonald's employees strike, claim management told them to use dog diapers, coffee filters as masks
The McDonald's location owner has denied the allegations.
Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders
Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says, Business Insider - Business Insider Singapore
Business Insider - A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.. Read more at businessinsider.sg
Hong Kong unrest worries curb global shares rally
TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...
The double price reduction that Juventus hope to achieve
Juventus have various deals going on at the moment. According to the Italian press, Juve want to sign Napoli attacker Arkadiusz Milik, and Lyon CM Houssem Ouar. However, they are reportedly working to achieve a price reduction for both of them.
Virus sparks record drop in energy investment: IEA
The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.
Cancelled Hopes
As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business
Dow Closes Above 25,000 For First Time Since March
The S&P also broke above 3,000, its best close since March.
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.
People who test negative for coronavirus should still isolate for two weeks, says Irish GP
Exclusive: Dr Illona Duffy was out of work for three weeks battling the disease which she described as 'a scary time'
Intensify seizure of assets of corrupt officials – Anti-corruption campaigners urge courts
Two anti-corruption experts have said the recent order by an Accra High Court for the seizure of assets of persons convicted in the National Communications Authority (NCA) case is a good anti-corruption measure.
GITU: Fine-tune reforms to make tea growing worthwhile
Start a reserve fund for marketing Kenyan tea as a quality global brand.
Be Ready to Sell Speculative Marathon Oil Stock at Any Moment
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
Fed's Beige Book: Securing PPP loans helped many businesses to limit or avoid layoffs
Economic activity declined in all districts, falling sharply in most, reflecting disruptions associated with the COVID-19 pandemic, the Federal Reserv
Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.
While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra
EDITORIAL: Ease human-animal crisis
The increased attacks could see the people resort to killing the animals, which is illegal.
Japan OKs funds for US$1.1T stimulus to fight pandemic woes
Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.
LINK Has Grown 4x In The Last Year, And May Keep Growing
Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a
Elon Musk's SpaceX chases history with launch while bigger hurdles loom
SpaceX's first flight with humans aboard is spurring the competitive space industry to new heights, with Boeing also preparing to carry people to orbit
Irish Man Charged With Wildlife Trafficking Extradited to Texas
Federal prosecutors announced Tuesday that an Irish man accused of trafficking endangered black rhinoceros horns from Texas to New York City was extradited to the Lone Star State.
Covid-19: Malaysia has sufficient supply of food and necessities, says minister
SERIAN, May 27 — Malaysia has sufficient supply of basic food and necessities to last during the current Covid-19 pandemic period, said Minister of Domestic Trade and Consumer Affairs (KPDNHEP) Datuk Alexander Nanta Linggi. He said the KPDNHEP, together with the Ministry of Agriculture and Food...
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Date announced for Nottingham branch of John Lewis to reopen - and what customers can expect
Numerous safety measures will be in place
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Helping supply chains recover
Not a fiscal stimulus, but cutting government expenditure, removing price controls, and opening up trade will help
COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry
Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Reopening optimism fuels stock market surge
Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.
Peloton Stock Is Only a Buy On the Next Pullback
PTON stock has rallied as demand has skyrocketed. But the rally looks like it's gone a bit too far. Investors would do well to stay patient.
SoftBank-backed Ola Electric buys Dutch scooter company Etergo
NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
Lowy family-backed fund pays $40m for Melbourne homemaker centre
The buyer of the City West Plaza is Assembly Funds Management which last year received a $75 million injection from the Lowy Family Group.
UK economy faces 5% annual deficit by 2024, say economists
Survey forecasts coronavirus undermining Britain’s public finances until next election
US lawmaker wants insurers, govt to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future ...
The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.
We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.
Intel Remains A Blue-Chip Stock to Buy Post-Pandemic
Intel stock has held up remarkably well in 2020, as evidenced by first-quarter results, and move to the cloud means more upside ahead.
North Carolina budget writers brace for $5B shortfall
North Carolina's budget could be short by about $5 billion as a result of the response to the COVID-19 pandemic, state economists predict.
U.S. considering suspension of Hong Kong's special tariff rates: sources
WASHINGTON (Reuters) - The Trump administration is considering suspending Hong Kong’s preferential tariff rates for exports to the United States as part of its response to China’s plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.
Tractor Supply Company Is Thriving
Tractor Supply offered Q2 update that is expecting record-breaking sales and earnings Fresh off a stellar Q1, the second quarter is supposed to easily trump tha
Here’s Why Esha Gupta Refrained From Shaking Hands With People Even Before The COVID-19 Outbreak
Amid the ongoing lockdown in the wake of the Novel Coronavirus outbreak, actress Esha Gupta has quarantined herself in her house without any house help. However, the actress said that even though it has its own disadvantages, it’s been a blessing in disguise for her.
Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output
The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs
Nio Stock Is a Solid Buy After Rough Week
Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.
Boeing cutting more than 12,000 US jobs with thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American ...
Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.
COVID-19 crisis is causing biggest fall in global energy investment in history: IEA
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions
Asia Session: Regional Equities Mixed On Hong Kong Tension; Oil Consolidates
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, AUD/USD, USD/CAD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Federal Court picks up torch in Qantas' stand-down test case
The ruling on whether Qantas and Jetstar illegally stood down engineers during the COVID-19 pandemic could have widespread ramifications for companies around the nation.
Wells Fargo's Stock May Soon Reverse Lower
Wells Fargo stock has seen a massive rally off the May lows. Options traders are betting that the stock falls by July. The fundamental outlook is very weak.
Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions
SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.
VMLY&R India wins the digital mandate for Colgate-Palmolive
The agency will encompass digital campaign planning, creative thinking, as well as social listening
Residents who beat gas power station now 'urging support' for energy firm's Plan B
"We are urging everyone to support the planning application"
THE BIG READ: Food inflation looms as US meat industry tries to restart
Stuffed into a meat factory like a pack of sardines with little space to move.
Boots reveals how stores will change from June to prevent second wave of coronavirus
Dedicated social distancing wardens will patrol stores at all time
TikTok revenue surged during the lockdown, setting new record in April
It's become apparent that TikTok is one of the fastest growing apps in the social media space, with China, India, and the US as its primary growth hotspots. According to a new report from SensorTower, the app and its Chinese…
Use of Nottingham’s food banks has surged during coronavirus pandemic
There's increased demand above normal levels by 33 percent or more
The reality behind the unions' claims of insecure work
There's one flaw in the concerns about the rise of insecure work. The percentage of casuals in the workforce has not changed in more than two decades.
New Google My Business features aim to help SMBs pivot and survive COVID-19
The new tools and capabilities mirror the expanding role of GMB as a gateway to both offline and online services.
Finding community in crisis: Two community theatres join forces to raise more than $25,000
It has been said the show must go on. This is true until it is not. Piedmont Players Theatre (PPT) and Lee Street Theatre (LST) have found common ground and community, as they have joined forces to keep theatrical performing arts alive in Salisbury.
First Mutual Life records investment loss
First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.
One million businesses claim £15bn from Government furlough scheme
HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
Buyers coming off the sidelines in Toronto housing market
Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’
Briggs & Stratton: The Equity Is Out Of Money
The recently stock rally doesn't make any sense. There are a few restructuring scenarios but none of them are good for the existing equityholders. Chapter 11 mi
Lawmakers urge Trump to cancel DC's July 4 event: 'Impossible to put on safely'
A group of lawmakers representing the National Capital Region is calling for the Trump administration to drop plans to hold a second "Salute to America" Fourth of July celebration in Washington, D.C.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years
Widespread unemployment could linger longer than expected and slow an economic recovery.
Chico's FAS: Too Early To Invest In This Turnaround
Chico's FAS's financials have been in bad shape for several years. The company has several foundational problems that make its future survival challenging. A ne
Trai unlikely to take up floor price issue for 2 mths over Covid-19: Report
Telecom players recently renewed their demand and asked Trai to move forward quickly on the issue of fixing floor price for tariffs
McDonald's, Primark, IKEA and Poundland among major chains making announcements ahead of June 15
Including McDonald's Drive Thru branches and Primark stores
The reluctance of the Germans and the Dutch to the eurozone investment fund is incomprehensible – Natixis
A large European investment fund would help to bridge the gap in public and corporate investment in many euro-zone countries, finance the energy trans
Irish ports recorded pre-Covid dip in traffic levels
Main Irish ports handled 12.8m tonnes of goods in the fourth quarter of 2019
New York Gold Traders Drown in a Glut They Helped Create
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
The Best Way to Play the Current Tech Rally Is eBay Stock
Covid-19 is bringing renewed interest in eBay stock, but the company's potential extends far beyond the current crisis. Here's why.
COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”
Ighalo ‘very close’ to Man United agreement amid possible U-turn
Shanghai Shenhua striker Odion Ighalo is “very close” to an agreement with Man Utd, according to the player’s agent. Ighalo made his shock deadline-day switch from Shanghai Shenhua in January and the ex-Watford striker has impressed the Old Trafford faithful. The 30-year-old has scored four goals in three starts for the club he has supportedRead More
[Update: Rolling out] Google Maps adds ‘Support this business’ section linking to gift cards, donations
Local businesses are struggling amid the ongoing COVID-19 pandemic due to decreased foot traffic sales. Google business listings donate...
Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
More Than 450,000 Aussies Under 30 Have Hacked Into Their Super & JobKeeper Is Being Blamed
Kirstin Hunter, managing director of fund Future Super, says support measures don't go far enough.
General Electric News: GE Stock Lights Up 8% on Light Bulb Business Sale
General Electric (GE) news for Wednesday concerning the sale of the company's lighting business has GE stock taking off.
Asian shares slip as new Hong Kong tensions rise
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
BCCI not considering change in Ranji Trophy format, reveals Saba Karim
BCCI GM Cricket Operations Saba Karim has revealed that the board haven’t considered any change, as the speculations suggested, to the Ranji Trophy format. Reports had earlier suggested that the BCCI had been mulling a change in the number of matches played throughout the season.
The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore
Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg
The Kasa 3-Way Smart Switch Works With Google Assistant & Alexa, Now Just $40
Amazon has the Kasa 3-Way Smart Switch on sale right now for just $40. That is going to get you two of these smart switches, which is going to allow you
Climate-friendly almond farmers coax life from drying Spanish soil
ZUJAR, Spain (Reuters) - In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques aimed at bringing new life to the land.
UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
Israel Rejects Chinese Bid to Build World's Largest Desalination Plant
Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...
Boeing Slashes Over 12,000 US Jobs Amid COVID-19, Thousands More Planned
Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
News Corp shuts down more than 100 print titles, hundreds of jobs to go
News Corp has confirmed its plans to axe hundreds of jobs as it moves to a digital-focused future.
Facebook renames Calibra digital wallet as Novi
Facebook announced the new name of Novi for its digital payments wallet. Plans for the wallet were first announced almost a year ago under the name Calibra. The digital wallet will be used to transact in Facebook's planned virtual currency Libra.
Knox County, Nashville enter phase 2 of reopening
Knox County and the city of Nashville, which is consolidated with Davidson County, entered phase two of reopening this week: Nashville on Monday and Knox County on Tuesday.
Revealed: conservative group fighting to restrict voting tied to powerful dark money network
Honest Elections Project, part of network that pushed supreme court pick Brett Kavanaugh, is now focusing on voting restrictions
CBN reduces interest rate on OFIs facilities to 5% per annum
CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.
More than eight in 10 Ryanair passengers are STILL waiting for refunds for cancelled flights, says Which?
Just five per cent of Ryanair customers have had their money returned to them for cancelled flights within the seven day legal time frame, according to a poll by the UK consumer champion.
Intuitive Surgical: The Growth Leader In Surgical Robotics
Intuitive Surgical is the global leader in surgical robotics. The company has produced outstanding growth rates in both revenue and cash flow over the years. In
City of Cape Town offers rates and service relief in revised budget
Due to the loss in revenue and the impact the lockdown has had on local economies, the City of Cape has revised its 2020/21 budget to boost the economy and to offer service relief packages. It was approved on Wednesday.
Borough Park businesses are flouting coronavirus shutdown restrictions
A slew of businesses that have reopened in Brooklyn’s Borough Park — some in apparent violation of shutdown orders — are allowing customers to pack their stores as if the coronavirus
Democratic unity starts to crack in coronavirus liability reform fight
A group of moderate Senate Democrats say they are open to considering liability protection for businesses in the next round of coronavirus relief legislation, a crack in Democratic unity that gives
Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks
The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).
Why SMSFs shouldn't attempt to perform their own surgery
With volatility and financial advice costs both at historic highs, a fintech start-up has pioneered a new way for self-managed investors to find help.
Pub jobs at risk unless social distancing is cut to one metre, trade groups warn
Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.
Factbox: Key spending in Japan's second stimulus package of $1.1 trillion
TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
Latest rate cut is adding to record corporate bond sales
Policy steps to channel more funds to smaller borrowers have struggled to gain traction.
First Emirati winner shares Dh1 million with five others in Emirates Loto
Six UAE residents each won Dh166,666 in last Saturday’s draw
As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens
The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.
Bank of New York Mellon Corp Has $28.14 Million Stake in Twist Bioscience Corp (NASDAQ:TWST)
Bank of New York Mellon Corp raised its holdings in Twist Bioscience Corp (NASDAQ:TWST) by 1,085.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 920,144 shares of the company’s stock after acquiring an additional 842,556 shares during the period. Bank of New York Mellon Corp’s holdings in Twist Bioscience were worth $28,139,000 as […]
Inspire new customers in their moments of discovery
Discovery ads offer a new way for brands to engage consumers as they scroll through their favorite feeds with Google.
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
The CDC Has Issued a Warning About Aggressive Rat Behaviour Due to The Pandemic
Rats are growing increasingly aggressive in their hunt for food as restaurants across the US remain shuttered to slow the spread of the coronavirus, the Centers for Disease Control and Prevention (CDC) has warned.
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China
Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.
Piaggio wins legal battle against counterfeit Chinese Vespa
A Chinese party blatantly copied the Vespa Primavera''''''''s design and Piaggio didn’t take it lying down. Click here to know what happened.
Spark chairman takes aim at govt intervention
Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.
Podcast: How can designers help brands drive rapid digital change?
Design Week caught up with Studio Output creative director Johanna Drewe and Resn creative director Simon Jullien to find out.
Charter's Q1 2020: Gushing Cash After Integrating TWC
With 2 large acquisitions almost integrated, capex is falling and FCF is up. The internet segment is the key driver, but a slowdown in fleeing TV and voice cust
Hotels prepare to reopen facilities in Abu Dhabi
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has issued detailed guidelines for properties in the emirate…
Virtu Financial: Examining Possible Investment Thesis And Strategy
Virtu has shown attractive characteristics as a hedge against volatility and as income play. While the stock has not yet gone through prolonged recession and be
Engineering firm Downer secures $294m Eliwana contract from Fortescue
Downer EDI has secured a contract from Fortescue to complete works at the Eliwana iron ore mine in the Pilbara region of Western Australia.
Mike Ashley fails in bid to trigger investigation into struggling Debenhams
Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’
Bulgaria to reopen restaurants, bars and cafes on June 1
SOFIA (Reuters) - Bulgaria will allow restaurants, bars and cafes to reopen at full capacity on Monday as the Balkan country further eased restrictions imposed in mid-March to stop the spread of the coronavirus.
RBA governor expected to be more upbeat
Reserve Bank governor Philip Lowe has been talking up the economy and mentioned the word "confidence" in his last public appearance no less than seven times.
Bill Ackman dumps investments in Berkshire Hathaway, Blackstone
The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.
Odion Ighalo: Manchester United very close to transfer deal, claims agent
The Shanghai Shenhua striker’s loan spell will officially expire on Monday, May 27 and it is yet uncertain where the Nigerian forward will be playing when footb
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
PR Consulting Shutters L.A. Office
A growing number of p.r. firms have been impacted by COVID-19 as fashion companies postpone shows and events and pull back on advertising.
Geneva Motor Show Might Not Return Until 2022
The 2020 Geneva Motor Show became one of the first high-profile automotive events to be canceled due to the...
Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter
Birla Corporation stock surged 43% in two sessions Cement maker Birla Corporation’s stock continued to surge on Wednesday for the … Birla Corporation Surges 43% In Two Days As Company Doubles Profit In March Quarter Read More »
Supermarkets see fastest sales jump in 26 years with online orders soaring
Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.
IBM: $80 Per Share Is More Reasonable
IBM's dedication to the dividend is both impressive and stubborn. I believe IBM is around 50% overvalued, stemming from its poor investment decisions and amazin
Animal Spirits stuck at the same place as lockdown stall economic activity
The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.
Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses
Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner
Italy records 78 new coronavirus deaths, 397 new cases
ROME: Deaths from the COVID-19 epidemic in Italy climbed by 78 on Tuesday (May 26), against 92 the day before, the Civil Protection Agency said, ...
What triggered the 15% rally in bank stocks today?
Nifty Bank, which consists of 10 stocks, saw its best day in about two months.
Boris Johnson says pubs 'could open faster than previously thought'
The under-fire Prime Minister told MPs today that he was hopeful the hospitality industry could reopen quicker than expected, but did not specify how much faster
Vancouver biotech firm AbCellera raises US$105-million as it focuses on COVID-19 research
It is the second financial boost this month for AbCellera, which has partnered with several of the world’s largest drug companies, as well as the U.S. Defense Advanced Research Project Agency
SBI customers to SMS ‘yes’ for moratorium
State Bank of India’s (SBI’s) customers will be able to avail loan repayment moratorium facility by simply responding to an SMS from the bank, the lender said.The bank will send an SMS to customers,
Pablo Escobar’s Brother Is Now Selling 24k Gold-Plated iPhone 11 Pro Models for $499 Only
The brother of Pablo Escobar now wants to sell you gold-plated iPhone 11 Pro models at just $499, but there’s always a catch
Senate refutes allegations on padding of 2019 budget of NDDC
Chairman, Senate Committee on Niger Delta Affairs, Sen. Peter Nwaoboshi (PDP-Delta) on Wednesday, denied the alleged padding..
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
Global energy spending to fall $400bn due to coronavirus crisis
IEA says investments in low-carbon technologies falling far short of climate goals
Panel defers decision on green pass to LG Polymers
EAC to wait for suo moto action by NGT, cases being heard in High Court and NHRC on gas leak accident
Gold prices hit two-week low on optimism around reopening of economies; US-China tensions temper losses
Gold prices touched a two-week low on Wednesday due to optimism around the reopening of several economies, but increasing Sino-US frictions over Beijing’s proposed security law for Hong Kong tempered losses
UTB to market Uganda as safest destination after COVID-19
Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back to the same level and …
With debt crunch looming, Sri Lanka needs help from its friends
With debt crunch looming, Sri Lanka needs help from its friends
David Luiz set to leave Arsenal on a free transfer this summer
Luiz's stay at Arsenal could be over.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit.
Trinity Biotech expects Covid-19 immunity test to be authorised shortly
Irish life sciences company also at advanced stage in developing 12-minute diagnosis test
Nottingham students to strike against 'immoral' rent payments for unused accommodation
The students feel it is 'worth the risk' of legal action
MURIC condoles with NUJ over Bakare’s death
The Muslims Rights Concern (MURIC) has commiserated with the Nigeria Union of Journalists (NUJ) over the death of Mr Waheed Bakare
Day Ahead: Top 3 Things to Watch for May 28
Day Ahead: Top 3 Things to Watch for May 28
Olympic chief Bach consults with IOC members over COVID-19 fallout
LAUSANNE: Olympic chief Thomas Bach on Wednesday (May 27) held a series of talks with International Olympic Committee members on the potential ...
Google says it plans to start reopening offices soon
Offices to reopen in a phased manner for Google employees who cannot work remotely.
Hammerson boss quits weeks after group loses €449m deal
The boss of Dundrum Town Centre co-owner Hammerson has announced plans to step down weeks after a £400m (€449m) deal to sell several sites fell through.
Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package
The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Stocks - U.S. Futures Higher Ahead of May Business Surveys
Whole Scottish golf tourism summer season could be lost, claim operators in plea to First Minister
A group of leading Scottish golf operators has made a plea to First Minister Nicola Sturgeon for help from “a clear and present danger” that the entire 2020 summer season could soon be lost.
Clarification to a Sunday Mail article dated 10/05/20: Scots banking tycoon accused of cashing in on coronavirus
We now accept that the source of the price increases was abroad and that Wright Cottrell had no control whatsoever of these market changes.
ByteDance has become the world's most valuable startup - Gizchina.com
ByteDance has become the world's most valuable startup. The company is the parent company of the controversial TikTok app
AT&T launches HBO Max as it makes a big bet on streaming
AT&T's long-anticipated streaming service, HBO Max, officially launches Wednesday, thrusting the longtime wireless and pay TV provider into a crowded streaming market, perhaps forever changed by the coronavirus ...
Low rates, poor demand hit jasmine growers
Though the sale of Udupi Mallige or Udupi jasmine started about a month ago, growers say that they are getting low rates, while flower sellers say that the demand is poor on account of lockdown restri
Over a third of Indian women don't own gold but want to buy it: WGC survey
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic
Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.
Seeking nominations for the top women transforming the sneaker industry, from designers to resellers
From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.
McDonald's sets exact date every branch in UK will reopen
More than 1,000 are throwing open their drive-thru lanes
Why can't private hospitals treat COVID-19 patients for free? SC asks Centre
The Supreme Court on Wednesday asked the Centre as to why the private hospitals, given land free of cost, couldn't treat COVID-19 patients for free. A bench of Chief Justice S A Bobde and Justices A
Groups 'of up to 30 people' spotted meeting up on Plymouth Hoe
Groups of 10 or 12 people are photographed sitting in the sunshine as the lockdown crumbles
Editorial: Get money where it’s needed, ASAP | Honolulu Star-Advertiser
The Legislature is in another recess for the next few weeks, but it had better be a working recess. One in which the work is going to be pretty hard, because there are so many problems to solve, stemming from the COVID-19 pandemic and economic crisis.
My Top New England Bank Pick For The 2020s
Earlier this month, I had the opportunity to talk with Curtis Simard, President/CEO of Bar Harbor Bank & Trust, a $3.67 billion bank operating in Maine, Vermont
Ambassador Friedman helps make cheesecake for the elderly - Jewish World
US Ambassador to Israel David Friedman and his family join special online broadcast from Pantry Packers in Jerusalem to commemorate Shavuot.
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
Owners of land acquired for link road to New Chandigarh hold protest against administration
Over 50 farmers and their family members on Tuesday held a protest against the land acquisition policy of UT administration.
AUD/USD stretches recovery moves beyond 0.6600 despite US-China tussle
AUD/USD extends the late-US session recoveries while trading around 0.6620 at the start of Thursday’s Asian session. Although concerns surrounding the
A look at how provinces plan to emerge from COVID-19 shutdown
Provinces have been releasing plans for easing restrictions that were put in place to limit the spread of COVID-19.Here is what some of the provinces have a
A look at how provinces plan to emerge from COVID-19 shutdown
Provinces have been releasing plans for easing restrictions that were put in place to limit the spread of COVID-19.
Eurovision: Europe Shine A Light watched by 70 million spectators
Eurovision news: Over 70 million viewers across Europe and Australia watched the alternate ESC special- Eurovision: Europe Shine A Light on Saturday 16 May. The 2020
“Pick for Britain” is a Smoke and Mirrors Campaign – Political Commentator
According to reports, the British economy could be set to suffer a five percent annual deficit by 2024, as a result of the coronavirus pandemic. Unemployment rates are...
Hibernia ‘confident’ in the Dublin office market as it experiences ‘modest’ fall in rent collection
Kevin Nowlan, the chief executive of listed landlord and developer Hibernia Reit, said the company “remain confident” in the long-term prospects of central Dublin’s office and residential market.
‘We are experiencing unprecedented shifts in consumer attitudes’
Facebook India-BCG report reveals steps businesses can take in the new normal
Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover
Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover
UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper
The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors
Coronavirus accelerates shift away from cash
Pandemic encourages more businesses to move to contactless payments
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...
No screams please: Japanese amusement parks prepare to reopen
No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favorite superhero: welcome to Japanese amusement parks in the coronavirus era. As Japan's fun fairs slowly reopen, a group of park operators have released joint guidelines on how to operate safely under…
Budget padding allegation: House of Reps accuse NDDC of deceiving Nigerians
The House of Representatives denied allegations that it is against the ongoing forensic audit of the commission, stressing that it is untrue and misleading.
Regal Cinemas Has No Current Plans to Reopen; AMC May Stave Off Bankruptcy
When is Regal Cinemas reopening? The theater chain has not yet announced a date, leaving some wondering if it will be open for Christopher Nolan's Tenet.
Low-income families are spending more on food since March, says report
Low-income families have increased their spending on food by more than 30% since March when the national Covid-19 lockdown began, writes Ground Up.
Consumer Protection Act can Provide Relief to the Victims of Chaos in Labor Special Trains -
Laborers and students traveling by Shramik Special trains are facing many difficulties in traveling. In the train ran to Gorakhpur
Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Goldman Sachs warns of a 'start-and-stop' economic recovery
The global economy could be in for a bumpy ride as lockdowns tied to the COVID-19 pandemic begin to ease, says Goldman Sachs president John Waldron.
Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
By Nichola Saminather TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 outbreak. RBC shares climbed 2.9% in morning trade, while BMO fell 0.2% versus a 2.5% gain in the benchmark banks index.
Over-Leveraged Zombie Companies Threaten Economic Recovery
Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt
Elbit Systems Firing On All Cylinders
The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
US couple charged after child’s skeletal remains found in back yard
A Tennessee couple have been charged with multiple crimes after an investigation uncovered the skeletal remains of their daughter in the back yard of their home.Michael Anthony Gray Sr., aged 63, and Shirley Ann Gray, aged 60, were charged on Monday with multiple crimes including child abuse, child neglect
Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem
The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.
Google Search and Maps are making it easier to support small businesses with donations and gift cards
As businesses navigate the largest economic crisis since the Great Depression, those that remain on the playing field are looking for any bit of help they
PMLA court sends Wadhawan brothers to judicial custody till June 11
Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), were produced before a special Prevention of Money Laundering Act (PMLA) court by the Enforcement Directorate on
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar
Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.
IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
MGM Resorts to re-open its Las Vegas casinos on June 4
(Reuters) - MGM Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions aimed at curbing the spread of the novel coronavirus.
Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
NYSE short interest rose 1.0 percent in mid-May
NYSE short interest rose 1.0 percent in mid-May
Covid-19: Dis-Chem at Ballito mall shuts down after staff member tests positive
The Dis-Chem pharmacy at the Ballito Junction mall has been shut down after a member of staff tested positive for Covid-19.
Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain
The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.
Former police officer praises NHS staff in West Suffolk
A retired police officer now working as a non-executive director at the West Suffolk NHS Foundation Trust (WSFT) has praised the efforts of staff during the coronavirus crisis.
Favipiravir drug working better on Covid patients
Hyderabad: City-based pharma firm Raghava Life Sciences Pvt Limited (RLS), which is into API production, on Wednesday claimed Favipiravir antiviral drug has been producing better results in treating...
Florida's South Beach awakens after two-month slumber
MIAMI BEACH, Fla. (Reuters) - South Beach’s Ocean Drive stirred to life on Wednesday after a two-month shutdown, as diners enjoyed breakfast and early cocktails along the Florida tourist thoroughfare for the first time since the coronavirus pandemic struck in March.
Postmedia to lay off about 40 employees after unions reject salary cuts
Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
Dundee Michelin boss John Reid appointed National Manufacturing Institute Scotland chief executive
The National Manufacturing Institute Scotland has appointed Michelin Dundee boss John Reid as its chief executive.
Fevertree: Compounder For The Long-Term Investor
Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a
The best smartphone deals in May so far — save $200 on Apple's iPhone SE
There are sales and discounts on a bunch of smartphones from the top four phone makers in the US, like Apple, Samsung, Google, and OnePlus.
'It's outrageous': inside an infuriating Netflix series on Jeffrey Epstein
Jeffrey Epstein: Filthy Rich synthesizes legal information with first-person testimony of the billionaire’s abuse and bought immunity into a shocking watch
Lori Loughlin’s Sentencing Date Has Been Set After She Pleads Guilty In College Admissions Scandal
Even though they have already pleaded guilty and reached a deal with prosecutors in the Varsity Blues College Admissions case, Lori Loughlin and her
Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
The cuts come as the commercial airline industry has seen a historic fall in demand.
Chris Kirubi: What I Miss About Family Life
"It was an interesting life just looking after the kids, taking them to school, working with them on their homework and you...
NASA chief ‘all in’ for Tom Cruise to film on International Space Station
The International Space Station could become the set of Tom Cruise's next high-flying flick.
Sunway Bhd launches cash call to raise up to RM1.11b
KUALA LUMPUR, May 27 — Sunway Bhd, which today reported a 42.6 per cent drop in first-quarter (Q1) net profit to RM78.29 million, has proposed to a renounceable rights issue to raise up to RM1.11 billion. The company is planning to issue up to 1.11 billion new irredeemable convertible preference...
Value rotation was the last thing big funds thought would happen
Up 5.2 per cent this week, value stocks in the Russell 1000 Index are poised to beat their growth counterparts by the most in 11 years.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.
Turkey looks to weather coronavirus crisis without IMF support
Erdogan resists taking assistance despite looming balance of payments crunch
Management One Taps Michael Alic for President Role
Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.
French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown
Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.
COVID-19: EU aims to back struggling south with fiscal shock and awe
Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact
Mumbai Crime: 22-year-old youth becomes victim of 'sextortion'
On May 19, a 22-year-old youth residing in south Mumbai was mortified when his mother came to him after she received a sexually explicit video of her son on one of her social media accounts.
France GDP could fall 'around 20pc' in second quarter, statistics agency says
PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...
US mortgage applications rise for sixth straight week
WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...
Super funds lose access to matching feature over fraud fears
Superannuation funds have had their access to SuperMatch suspended over concerns about fraud.
April manufacturing IIP to contract by 50-60 per cent: Report
"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.
COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says
Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.
Arthritis company Promisia pivots into Chch aged care sector
Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...
Box beats Q1 estimates as enterprises look for secure remote work solutions | ZDNet
While the company expects enterprise customers to continue increasing their adoption of Box services, it does anticipate some softness from small business customers.
Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share
The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
News flash: People working from home are just as productive
As a result of the coronavirus pandemic most companies have shifted to having employees working at home. For some that is ideal, for others the lack of human contact can be depressing. It’s a double-edged sword in many ways -- you want people around but enjoy being home.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year ago
TORONTO — Royal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. The bank says it earned $1.48 billion or $1.
Stripe expands in Europe, adding five more countries
Stripe, the €33bn online payments firm created by Limerick brothers Patrick and John Collison, is to roll its services out to another five European countries — Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Agenus 1181 Is A Potential Cancer Game Changer
Agenus AGEN1181 may work better than Yervoy. More data is expected Friday, May 29, at ASCO. iNKT cell therapy also looks promising.
FEEL GOOD | Walking the walk: Veteran philanthropist, 91, determined to raise R108m to feed the hungry
Apartheid Museum founder and philanthropist Solly Krok’s determination to make a difference proves that age is just number.
Kotak Mahindra Bank set to raise Rs 7,460 crore through share sale
The bank also informed that meeting of the issuance committee of the board is scheduled to be held on May 29 to approve the issue price.
Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%
UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
Florida homeowner fatally shot man who smashed through door
PANAMA CITY, Fla. (AP) — A Florida homeowner fatally shot a visitor from Georgia who broke through is front door and began beating a woman...
Coronavirus: Carrefour launches ‘click and collect’ service in the UAE
Online customers can now collect their orders from select locations
Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
WarnerMedia Strikes Eleventh Hour HBO Max Distribution Deal With Comcast
By mid-morning on HBO Max's launch day, Xfinity customers were able to sign up for the service.
Banks move to avert fresh arrears crisis
The initiative is aimed at avoiding a cliff-edge effect at the end of September
CME Group Launches Options on Micro E-Mini Futures Product
The new options will be available for trading in the fall of 2020, pending regulatory review
Government may need to pump $20 billion into coronavirus-hit state banks: Report
MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as … Government may need to pump $20 billion into coronavirus-hit state banks: Report Read More »
Chyawanprash sales jump 4 times due to coronavirus, says Dabur; key takeaways from Q4 results
As the coronavirus pandemic hit billions of lives, consumers’ renewed focus on immunity boosting and healthcare brands has led to FMCG major Dabur witnessing an exponential growth in the sales of its chyawanprash range.
The Rally Continues, Now Thanks To Small-Caps (Technically Speaking For 5/27)
The EU and Japan have announced major stimulus programs. While existing home sales have dropped sharply, new home sales are surprisingly resilient. The markets
Ohio counties sue major pharmacies for role in opioid crisis
May 27 (UPI) -- Two Ohio counties on Wednesday filed a lawsuit against several major U.S. pharmacies, stating they were complicit in perpetuating the opioid crisis.
Japan's new budget to include US$302b in direct spending, reports Mainichi
TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...
Mukesh Ambani's Jio listing can profit from US-China tech war
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
Corn is oversold; watch for short covering to provide price spark, analyst says
Outside investors are watching the June crop weather forecasts turn dry.
Teekay Tankers: A Story Of Very Rapid Deleveraging
Teekay Tankers generated over $240M of free cash flow in the last two quarters (the current market cap is below $575M). Strong free cash flow is also expected i
Trump supporters target Twitter employee after fact check
Twitter’s decision to fact check Donald Trump has resulted in mass harassment of one of its employees.
Bank of Montreal profit sinks as more than $1.1-billion earmarked to cover potential loan losses
Profit for the three months ended April 30 was $689-million, or $1 per share, compared with $1.5-billion, or $2.26 per share, a year earlier
Building an unbeatable business starts with the innovation stack | ZDNet
Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.
Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul
A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India
Banks surge in $17 billion catch-up rally
After lagging the market for months, banks surged amid potential signs the economic damage from COVID-19 may be less dire than feared.
Michele Norsa Returns to Salvatore Ferragamo as Executive Deputy Chairman
Norsa helmed the Florence-based company for 10 years, exiting in 2016.
‘The meal kit model is unsustainable’: How can recipe box companies maintain their lockdown momentum?
Lockdown measures have driven an unprecedented surge in demand for recipe box services. Yet once the dust settles, so too will subscription numbers, suggests Philip Koh, co-founder of London-based brand design agency Without. “Meal kits are unlikely to become the norm,” he told FoodNavigator.
Jaguar dealership in Shrewsbury sold to kitchen and bathroom supplier
A Jaguar dealership in Shrewsbury has been sold to a bathroom and kitchen supplier.
Property tax hike issue to betaken up in Cabinet meeting
Minister in-charge of Dharwad district Jagadish Shettar has promised to take up the property tax hike issue in the next Cabinet meeting and discuss the matter with the Urban Development Minister. Addr
Reggie Wayne Explains Why Patriots Were His ‘Best Job Ever’
Reggie Wayne revealed why he calls the New England Patriots his "best job ever" during his successful career.
Russell Investments Group Ltd. Has $4.26 Million Stake in Foot Locker, Inc. (NYSE:FL)
Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 77.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,526 shares of the athletic footwear retailer’s stock after purchasing an additional 84,231 shares during the quarter. Russell Investments […]
Most OPEC+ Nations Want No Changes in Deal Provisions Related to Cuts From July - Source
MOSCOW (Sputnik) - Most OPEC+ nations want to preserve the April conditions of the deal and reduce oil production by 7.7 million barrels per day starting July, but...
Sebastian Kurz cautious on Commission’s €750B recovery blueprint
Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.
Boeing cutting more than 12,000 US jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American ...
Comcast Finally Strikes a Deal to Offer HBO Max to Xfinity Cable Subscribers
An HBO Max Comcast deal has finally come together to offer Xfinity and their HBO subscribers easy access to the new streaming service.
Yes Bank brass lists 6 reasons for Rs 15,000 crore fresh capital
The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends
It’s A Good Idea To Ignore REITs Right Now, Despite Soaring Yields. Here's Why
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Simon Property Group Inc, United States 10-Year, First Trust S&P REIT Index Fund, Brookfield Property Partners LP. Read Investing
Formula One team McLaren cuts 1,200 jobs, scales back racing wing as coronavirus crisis hit sales
McLaren is a grand name in British racing and the second-oldest team currently on the circuit, trailing only Ferrari in total number of wins.
Fewer Australians feeling depressed by the crisis
The proportion of Australians expecting the effect of the pandemic on economic activity to last for more than 12 months has fallen from 57 per cent to 50 per cent.
Tesla (NASDAQ: TSLA) Shares Have a Further Upside Bullish Potential of 64 Percent to $1,350, According to Wedbush Securities
Tesla has received another bullish endorsement with the Wedbush Securities analyst Dan Ives raising the company's stock price target by 33%
Quick Profits from the Push out of Tech
We have a chance to open a new position in one of our favorite stocks: Microsoft (NASDAQ:MSFT).
Fortitude Budget: More support for charities as help requests surge
He lost his entire income because of the pandemic, and found himself struggling to feed his family. The man in his 50s became desperate as his meagre savings dried up. He turned to Food from the Heart, a charity providing food. Its chief executive, Ms Sim Bee Hia,...
Global stocks mixed on unease over Hong Kong security law
Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.
Mary-Kate Olsen's ex Olivier Sarkozy 'moved his ex-wife' into mansion 'the moment' she left
Mary-Kate Olsen's estranged husband Oliver Sarkozy reportedly moved his ex-wife, Charlotte Bernard, their two children and his mother into their shared home as soon as she left
Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin
MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further
Switch: Overvalued For Such Low Growth Prospects
Investors have piled into Switch this year, whose shares are up ~28% year-to-date despite a ~10% decline in the markets. Churn has increased in the wake of the
Distressed real estate market beckons opportunistic buyers
Blackstone Group, Kayne Anderson Capital Advisors and other investment firms are sitting on roughly $US300 billion of equity ready for deployment in the US market.
Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?
The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...
Postmedia to lay off about 40 employees after unions reject salary cuts
TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.
The 3 Best Stocks for Beginning Investors
Beginning investors can profit from stable blue chip firms with consistent dividends. Find out which stocks make the grade.
Covid impact: Big restaurants may walk out of malls to high streets
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
Dow soars 553 points on mounting optimism around a strong economic recovery, Business Insider - Business Insider Singapore
Business Insider - Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.. Read more at businessinsider.sg
Montage Resources: Swearing Off Debt Addiction
Current management knows first hand what too much debt can do to a company's survival chances. The EBITDAX ratio of 1.9 will creep upward during the current fis
UK lockdown drives fastest growth in grocery sales for over 25 years
Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.
Bali floats travel bubble as way back for Australians
If cash-starved Bali hotel owners had their way, Australians would be heading back to the resort island as early as July.
McDonald's to reopen all UK and Ireland stores in June
Burger chain will reopen all 1,000 branches by 4 June with coronavirus safety measures
Toronto Star owner Torstar to be sold, taken private in $52- million deal
TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses
Google will start letting restaurants specify a preferred online ordering method in Google Maps listings as eateries grapple with delivery app fees.
IndiGo, AirAsia start to refund passenger tickets in travel agents' accounts: EaseMyTrip.com
The move is likely to come as a relief for travel agents as they would now have the flexibility to return the refunds to customers.Prior to the lockdown, the two airlines allowed refunds to be held only in a credit shell for customers, he added
Occidental is sued by shareholders, bondholders over Anadarko merger
NEW YORK (Reuters) - Occidental Petroleum Corp (OXY.N) has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.
One of the most profitable trades since 1993 is broken amid the coronavirus pandemic, Business Insider - Business Insider Singapore
Business Insider - Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.. Read more at businessinsider.sg
New Zealand Cricket to cut jobs by 10-15% to cope with economic fallout of COVID-19 pandemic
New Zealand Cricket is looking to shed around 10 to 15 percent of its staff and save NZ$ 6 million in operation costs as it copes with the "challenges" posed by the COVID-19 pandemic.
Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal
Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
EU proposing €750bn recovery fund in response to pandemic crisis
Paolo Gentiloni’s announcement came amid divisions in the bloc.
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting of Shareholders (Transcript)
Exxon Mobil Corporation (NYSE:XOM) 2020 Annual Meeting of Shareholders May 27, 2020 10:30 AM ET Company Participants Stephen Littleton - Vice President of Inves
RealNetworks Could Have A Winner
The company's video codecs, Napster and other assorted businesses have lingered, not producing any profits. However, they have a growing gaming business that lo
Govt Delivers Security For Construction Subcontractors
Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.
Coronavirus will likely have a long-term impact on older workers. Here are the 14 jobs that have the highest share of workers age 55 and over.
Older workers typically work in jobs that cannot be done at home and that involve close contact with others.
Amid paycuts and layoffs, some companies chose to shield staff during the Covid storm
Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.
US dollar edges higher as US, China worries resurface
TOKYO, May 27 — The US dollar edged higher today as worries about the US response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback. The euro held gains against the dollar and the pound but faces a severe test when the European Commission is expected to...
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
NASA set to resume human spaceflight from US soil with historic SpaceX launch
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...
Ugandan banks close at 2pm to allow staff beat curfew
Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the 3pm closing time, at least …
Rowdy Chicago trading pits face risky reopen, extinction threat
Pete Kosanovich can’t wait to put his trading jacket back on and return to the noisy Chicago pit where he’s worked for 17 years. The burly former football player is known on the floor by the letters “MGLA” printed on his badge, a nickname referencing the 1960s cartoon “Magilla Gorilla.”
Realty Income: A Best In Class REIT
Realty Income collected 83% of April rents showing the strength of their portfolio. The top 4 industries in the portfolio sell essential goods, which has bode w
Police Break Up Illegal Gathering at Conservative MP's House – Reports
Police officers enforcing a national lockdown broke up an illegal 40th birthday party at the house of Rob Roberts, MP for Delyn in North Wales, according to the Evening...
A guide to the Nature Index
A description of the terminology and methodology used in this supplement, and a guide to the functionality available free online at natureindex.com.
BoJ's bond holdings edge towards the size of Japan's economy
BoJ's bond holdings edge towards the size of Japan's economy
First Allied Advisory Services Inc. Makes New Investment in Pinterest (NYSE:PINS)
First Allied Advisory Services Inc. purchased a new position in shares of Pinterest (NYSE:PINS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,740 shares of the company’s stock, valued at approximately $243,000. A number of other institutional investors have also recently added to […]
TCN MD removal threatens power reforms, $1.66bn foreign funding – Forum
The Nigerian Power Consumers Forum, NPCF, has called on President Muhammadu Buhari to immediately direct a reversal of removal
USTR office: Strongly disagrees with US Court of International Trade's decision...
Early Thursday morning in Asia, the US Trade Representative's office (USTR) marked its disagreement with the US Court of International Trade's decisio
Economists expect another 2.1 million Americans filed for unemployment insurance last week, Business Insider - Business Insider Singapore
Business Insider - The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.. Read more at businessinsider.sg
EU pledges 40 billion euros for 'just transition' from fossil fuels
BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.
Discom reduces T&D losses to 6.64%, says CMD
‘Steps have been taken to solve problems of consumers’
KU Athletics imposing new pay cuts, furloughs to cut costs
The University of Kansas athletic department has imposed pay cuts and furloughs for all employees in response to financial problems caused by the coronavirus pandemic.
Banks plan for arrears; retailers push to open; and watchdog counts Covid cost
Business Today: the best news, analysis and comment from The Irish Times business desk
Cash payments declining as contactless methods become the norm - experts
COVID-19 has accelerated the shift away from cash.
Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
French economy making 'cautious' virus lockdown recovery
Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.
LIVE: House hearing on the spike in electricity bills
Watch the hearing live on Rappler
India’s weekly unemployment rate continues to be over 24%: CMIE
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.
Wilbur Ross says SpaceX launch makes space ‘new war-fighting domain’
Commerce Secretary Wilbur Ross said Wednesday afternoon's launch of SpaceX has huge financial and military implications for the US, including making space the "new war-fighting domain."
HDFC shares tanked with Sensex but recovery remains astray; brokerages still bullish, check target price
With a warchest of Rs 11,000 crore HDFC might be ready to battle the coronavirus pandemic but with the stock gaining only 4% so far since its March lows, the question is will the share price gain steam?
FSMA: Belgians Traded 5 Times More BEL 20 Shares amid COVID-19
According to the Financial Services and Markets Authority (FSMA), a Belgian regulator, investors traded BEL 20 shares up to five times more.
Why quant legend says it's 26 days to a new normal
A new measure of how long investors see the COVID crisis lasting from quant legend Dan diBartolomeo neatly tells the story of growing optimism.
Lufthansa refuses to accept EU conditions on $10-billion bailout
Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. […]
New Jersey businesses seek reopening plan as they worry about survival
The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.
Can Marathon Oil Ever Get Back to $30?
Marathon Oil spun-off Marathon Petroleum (NYSE:MPC) on July 1, 2011. MRO stock has lost 78% of its value. Can it get back to $30?
More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
When Is A Capital Gain Capital Consumption
There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. The d
Investors pile into stocks that win in a full economic recovery
Signs are multiplying in the stock market that investors see the recovery from the coronavirus taking hold.
Cruise stocks soar 10% as reopening optimism lifts virus-slammed industries
Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged at least 10% on Wednesday as sectors hit hardest by the coronavirus and related lockdowns rally on reopening hopes.
Need to know: Wednesday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
Mary-Kate Olsen's ex Olivier Sarkozy 'moved his ex-wife' into mansion 'the moment' she left
Mary-Kate Olsen's estranged husband Oliver Sarkozy reportedly moved his ex-wife, Charlotte Bernard, their two children and his mother into their shared home as soon as she left
RIL RE price jumps 11% on Day 5 on high volumes
RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.
HEICO Beats Again, But Caution Is Warranted
HEICO has beat EPS and revenue estimates for the 10th consecutive quarter despite a slowdown in commercial aircraft orders. This is good news, but Q3 and Q4 wil
Woolworths targets online as shoppers take to food delivery service
Retailer Woolworths says that the Covid-19 pandemic, and resulting lockdown continues to have a pronounced impact on the group.
Following Hana Kimura's Death, Production On Terrace House Has Stopped
Today, the official website for Terrace House Tokyo 2019-2020, the latest season of the popular reality show, announced that production was ending....
Billionaire Johann Rupert scores R54 million payday
South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.
Elon Musk rocket launch postponed due to bad weather
Craft was to be the first private enterprise vehicle in history to take humans into space
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure
Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.
Franklin Templeton mutual fund investors can pick Deloitte over trustees
Unit holders will vote to moneitse the scheme assets.
US Dollar Index treading water above 99.00
The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, has managed to bounce off recent lows in sub-99.00 levels and r
Belarus volunteers plug gaps in supplies to virus-hit medics
Young men in dark hoodies and tracksuit bottoms form a human chain to pass down black sacks from a storeroom and pile them in the back of a car.
Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
Rand falls as Sino-US friction dents risk appetite
At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.
LOMBORG: Covid-19: Studies show cost of lockdown outweighs
For the amount a developing nation would spend on saving one life through Covid-19 policies, it can save 4,000 lives through smart HIV programming.
Abused wife Sally Challen wins court battle to inherit estate of the husband she beat to death
Sally Challen, a woman who beat her controlling husband, Richard, to death with a hammer in 2010 after decades of emotional abuse can inherit his estate, a judge has ruled.
Watch: Ernst's Campaign Exposes Greenfield's Anti-Corporate PAC Hypocrisy
Joni Ernt's campaign released a video on Wednesday exposing Iowa Senate Democrat Theresa Greenfield's anti-corporate donation hypocrisy.
Tlaib Opponent Brenda Jones Collected Campaign Contributions From Quicken Loans Executives as Public Subsidies Flowed
Jones received $25,000 in contributions, while Dan Gilbert, Michigan’s richest man, has accumulated over half a billion dollars in public subsidies.
The Euro-to-Dollar Rate Crosses Rubicon On EU Recovery Plan but Analysts Divided in Views on Outlook
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Amid Covid-19 challenges for raising capital, gold M&As were a feature of Q1 2020
The mining deals decline was partially offset by a 26.4% increase in mergers and acquisitions (M&As), especially involving gold.
SA plans R350-billion infrastructure fund, including for broadband
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
'Milestone' pay deal reached for teacher aides
The Ministry of Education and NZEI Te Riu Roa have agreed to settle an historic pay equity claim for teacher aides.
Factbox: Key climate spending in EU's 'green recovery' plan
BRUSSELS (Reuters) - The European Commission unveiled a 750 billion euro ($826.3 billion) package on Wednesday which it says will put fighting climate change at the heart of the bloc’s recovery from the coronavirus pandemic.
Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from
Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, chairman of Indian Oil Corp., said in an interview.
Pay social carers fighting coronavirus a Real Living Wage, say campaigners
The Citizens UK pressure group has issued the call as the country gears up for tonight's Clap for Carers
SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all
Visa completes Request to Pay pilot trials
Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK.
US shoppers to be wooed back with steep discounts
Retailers including Macy’s prepare for sales after writing down value of merchandise
Consumers can now book LPG refills on WhatsApp
A company source said since many consumers were comfortable using the messaging application on their smart phones, the company was offering this option too.
USD/JPY stays firm above 107.50 amid risk reset
USD/JPY extends the previous day’s gains while being mildly positive around 107.75 amid Thursday’s Asian session. The yen pair recently benefited from
Wales to launch ‘unprecedented’ contact tracing plan on Monday
An update to the budget was also announced.
Pound Sterling advances against Euro and Dollar after EU Rows back on Fishing and Haldane Cools Negative Interest Rate Expectations
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates
Online booze orders flying in ahead of move to lockdown level 3
South Africans rush to place alcohol orders online
Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows
Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript
Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P
'Thousands are in jeopardy': freelance theatre-makers count cost of crisis
When Chester Storyhouse asked how freelancers were faring under Covid lockdown, it was left ‘shocked and enraged’ at how perilous their finances were. Now it is calling for national action
Swiss companies must help pay rent for employees working from home: court
The court made the ruling in a case brought by an employee of an accounting firm, who claimed his company was responsible for part of his rent while he was forced to work from home, Swissinfo
Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices
The commission only held the Sugar Advisory Board responsible for taking any action
PenCom mulls diversifying investments into infrastructure, housing assets
PenCom says it is reviewing its policies to boost pension fund investments in capital market products, infrastructure and housing assets post-COVID-19.
Health and Welfare ministries to take budget cuts - Inside Israel
Government expected to approve budget cuts across all ministries, to make room for additional ministries as per coalition agreements.
Liquidation of companies still the most likely outcome under IBC
January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues
Australian Dollar Hit by News China will Now Target Aussie Coal Exports
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia
Two held for swindling Rs 48L through chit fund company
Two persons were arrested for swindling Rs 48 lakh on the pretext of doubling the money within 15 days, police said here on Tuesday. The accused had created a phony chit-fund concern, ‘The Future Company’. They claimed it to be a chain-marketing company which could double
Coronavirus effect: What protection do sub-let tenants have in the UAE?
Dubai Land Department clarifies as residents claim harassment by sublessors
State hosts forums for businesses planning to reopen
State officials have planned a series of virtual forums this week for the owners and operators businesses that will be allowed to reopen next week as Rhode Island's economic restart continues.
Flat owners hit the roof after problems at Ayr factoring firm leaves some residents out of pocket
The row has left one development claiming it is owed more than £20,000 in advance payments already made.
Prison officer tests positive for coronavirus
Information gathered by DGN Online indicates that a prison officer at the Tamale Central Prison has tested positive for COVID-19.
City projects under budget
Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.
Diamondback Energy: Hunkering Down For A Brutal Second Quarter
Cash production costs are among the lowest in the industry for oil producers. The well profitablity occurs at unexpectedly low WTI prices. This company probably
Refugee Camps: From Temporary Settlements to Permanent Dwellings
With more than 70 million forcibly displaced people worldwide and nearly 25.9 million refugees, the time has come to reconsider the traditional camp approach.
A Selection Of Appealing Nanocaps
We discuss a selection of nanocap companies with operational and valuation attributes which make them appealing to certain types of investors. Three community b
Boeing slashes 12,000 jobs as virus seizes travel industry
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
‘We have to move beyond being oil traders’: What Singapore’s future as an oil hub could look like in a post COVID-19 world
Consolidation and transformation is vital to Singapore’s survival as an oil hub in a post COVID-19 world, say industry watchers.
Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor
The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks
India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government
Global stocks shake off concern over US-China tensions
Stimulus plans in Europe and Japan trump worries about Beijing’s moves in Hong Kong
Instagram to show ads on IGTV for the first time, share revenue with creators
Instagram launched its IGTV platform back in 2018 as its way of “re-envisioning mobile video” via longer-form content. Now for the first time, IGTV will gain ads and the company will share a cut of the revenue with creators. Additionally “Badges” arrive as a way for fans to donate to creators in Instagram Live videos. […]
Kudimaramathu works inspected
NAGAPATTINAMThe ‘Kudimaramathu’ works for strengthening of waterbodies undertaken by the Public Works Department in Kollidam, Mayiladuthurai and Sirkazhi panchayat unions a cost of ₹ 87 lakh were insp
Titan dips 2% as Co gives biz update, defers launch of jewellery collection
Titan expects cash outflow to be recovered when sale of jewellery restarts
CBS Hit by Newest Round of ViacomCBS Layoffs
The cuts at the broadcast network come a month after similar actions at the company's cable properties.
G Suite launches beta program for sharing folders in shared drives
Google Drive is a cloud storage product that everyone from single users, to enterprises, to educational facilities can use. Recently, Google cleaned up
Gold loan companies come to rescue of small businesses; banks shy away
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially
Value hunting? This stock market has become mouth-wateringly cheap
Stocks in Hong Kong have become cheap as China tries to tighten its grip, but Beijing’s own self-interest suggests it won’t stamp out success
No screams please: Japanese funfairs prepare for virus era
TOKYO, May 27, 2020 (AFP) - No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favorite superhero: welcome to Japanese amusement parks in the coronavirus era.
Report: Emergency UN/WHO Funding For Palestinians Ends Up With Terrorist Group
Through the tangled web of bureaucracy, money for health emergencies is funding terrorist activities and anti-Israel propaganda.
Public University staff withdraw labour over salary enhancement woes
Kampala, Uganda | THE INDEPENDENT | Academic staff in Public Universities have resolved to withdraw their labour citing inequalities in the distribution of the 50 billion Shillings provided by the government to enhance their salaries. In April this year, the Ministry of Education released a salary distribution schedule indicating a significant increment in the salaries …
Modi govt denying people benefit of low oil prices; no other nation doing so: Moily
When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.
Coronavirus: 'Short-lived' rebound in house hunter demand
Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.
Ethereum Gets Interoperability Boost With Ren Protocol’s RenVM Release
Ren, a decentralized finance protocol friendly to Ethereum that enables inter-blockchain liquidity, has announced the launch of the RenVM mainnet.
Virus sparks record drop in energy investment: IEA
The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...
China stocks fall on rising Sino-U.S. tensions, economic worries
SHANGHAI — China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength
TikTok owner made over R52 billion net profit last year – Report
TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
What will downtown Kampala look like post-COVID?
The multitude of trucks, boda bodas, human traffic and bustling business that populated this part of Kampala were gone.
Credit risk funds are still relevant, says Mahendra Jajoo, CIO – debt, Mirae Asset
Many investors are having second thoughts about their investments in debt mutual funds. Most advisors are asking investors to stay away from most debt mutual fund categories, expect for overnight and liquid funds.
Victoria’s Secret Files Suit to Get Out of Manhattan Lease
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
India initiates anti-dumping probe into imports of polyester yarn from 4 countries
India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain
To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.
‘Bada... Bing... Bang’? HBO throws out rulebook with streaming launch
LOS ANGELES, May 27 — Decades before glossy Netflix and Amazon shows began luring Hollywood A-listers to the small screen, cable network HBO helped invent premium television. Now the home of The Sopranos, The Wire and Game of Thrones is scrambling to catch up with its newfound online rivals,...
Consumer Confidence Inches Higher
Consumer Confidence showed a slight improvement in May, rising from 85.7 up to 86.6 but below consensus expectations for a reading of 87.0. All of the improveme
Nokia veteran Sari Baldauf takes over as 5G battle rages
HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins
Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO
Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover
Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches
Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here's how they're living through the pandemic., Business Insider - Business Insider Singapore
Business Insider - Costs are lower, the company is superb, and the sweeping San Francisco Bay is their backyard. The shelter-in-place life hits different on a houseboat.. Read more at businessinsider.sg
Singapore: GDP could contract 4%-7% this year – UOB
Singapore’s economic activity carries the potential to contract between 4% and 7% this year as a consequence of the impact of the coronavirus crisis o
Stripe Expands to 5 More European Nations
Stripe, a major payment processing company, has expanded its services to five more European countries - the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
The lockdown can hurt ISPs – Depending on the impact in the coming months
The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.
Debt Funds: No Safety Tag
From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe
LIVESTOCK-Cattle futures rise on economic optimism, discount to cash prices
By Karl PlumeCHICAGO, May 27 (Reuters) - U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand.U.S. stocks rose, with the S&P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns lifted investor optimism.
Rhumbline Advisers Purchases 7,594 Shares of Meritage Homes Corp (NYSE:MTH)
Rhumbline Advisers lifted its position in shares of Meritage Homes Corp (NYSE:MTH) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,215 shares of the construction company’s stock after purchasing an additional 7,594 shares during the period. Rhumbline Advisers owned […]
Covid-19: ICMR removes Rs 4,500 price cap for tests, states free to fix cost now
The decision was taken due to availability of indigenous testing kits and other supplies in India now.
Oman to lift lockdown on Muscat from Friday
As per the new decisions, public sector employees will resume work gradually
Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript
Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C
Job losses continue to mount in US despite reopenings
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that...
Floor trading resumes at Wall Street, with masks and plexiglas
Stocks surged following the trademark opening bell, which was presided over by New York Governor Andrew Cuomo and NYSE officials – all wearing masks.
Dow climbs 325 points as investors cheer efforts to boost global economies, Business Insider - Business Insider Singapore
Business Insider - The European Commission proposed on Wednesday a $826 billion stimulus package intended to aid recovery from the ongoing recession.. Read more at businessinsider.sg
Google now lets businesses clarify what online services they offer during the pandemic
Businesses in more countries will also be able to list donation links.
Open Banking moves from compliance challenge to commercial opportunity
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Report: Quibi advertisers look to defer payments following disappointing launch
If you’re unfamiliar with Quibi, it’s a $4.99 per month subscription-based streaming platform packed with scripted and unscripted content that runs from around seven to ten minutes. It managed to attract plenty of big-name stars for its launch slate, including…
Bengaluru Containment Zones: At least 20 zones in city are no longer in the red
At least 20 places in Bengaluru, which were identified as “containment zones” to curb the spread of Coronavirus in the neighbourhood, have been freed from all restrictions over the last month, as zero Covid-19 positive cases were detected here over the period.
UK lockdown drives fastest growth in grocery sales for over 25 years
United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.
Dow soars 553 points on mounting optimism around a strong economic recovery
US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
Bank stocks rake in $17 billion as investors revel in recovery party
Portfolio managers are coming to the view it's a bigger risk to be underweight bank shares as investor sentiment on the sector switches from negative to positive.
FBR to facilitate businessmen in tax matters
Budget proposals sent by the Islamabad Chamber of Commerce and Industry (ICCI) would be given due consideration and they would be helpful in finalising the federal budget for 2020-21, said Federal Boa
Analysis: Pennsylvania’s unemployment trust fund faces insolvency as pandemic continues
Pennsylvania’s unemployment trust fund, the mechanism used alongside the federal CARES Act to provide benefits to unemployed residents amid COVID-19, could face insolvency if the number of claimants remains high into the summer.
Is Airbnb’s slump a golden opportunity for rental?
In a post-pandemic world, will tenants once again find themselves on the firing line, facing eviction or enticements to vacate?
Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning
Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
The places in Wales which have received the most money from Welsh Government business grants during coronavirus crisis
£639m has been given to businesses in Wales
Why Trump must suspend temporary worker programs
Immigration is fundamentally a labor issue, and given the employment situation the country needs to rethink the current policy of allowing in very large numbers of foreign workers.
Aussies are heading back to shopping centres in high numbers as coronavirus restrictions start to ease, according to new data
More people are heading into shopping centres as coronavirus restrictions ease in Australia.
After COVID-19 lockdown, fitness fans reconsider returning to the gym
Like many Canadians, Erin Riediger cancelled her gym membership when the country went into lockdown in March.For the first few days of quarantine, the Winni
Materials And Energy Dashboard - Update
Valuation metrics in basic materials and energy. Evolution since last month. A list of stocks looking cheap in their industries.
Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19.
Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.
Korean prosecutors question Samsung heir in succession-related probe
Prosecutors have been investigating suspected accounting fraud at drug company Samsung Biologics
Columbus McKinnon Corporation's (CMCO) CEO Richard Fleming on Q4 2020 Results - Earnings Call Transcript
Columbus McKinnon Corporation (NASDAQ:CMCO) Q4 2020 Results Earnings Conference Call May 27, 2020, 08:00 AM ET Company Participants Deborah Pawlowski - Investor
Nursing home residents warned about giving up coronavirus relief funds
Nevada Attorney General Aaron Ford is warning families to be cautious amid reports of nursing homes attempting to take coronavirus relief payments from their residents.
Lufthansa says currently ‘unable to approve’ state rescue over EU conditions
FRANKFURT AM MAIN, May 27 — Coronavirus-stricken airline group Lufthansa said today its supervisory board was “unable to approve” a nine-billion-euro (US$9.9 billion) German state rescue over fears of over-harsh conditions from Brussels. “Conditions currently indicated by the EU...
Regional pubs snapped up as industry prepares to reopen
The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.
Retail stores allowed to reopen in city of Los Angeles, Garcetti says
Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.
Barcelona told Lautaro Martinez will not leave Inter unless release clause is met
Piero Ausilio says Inter have no intention of letting Lautaro Martinez leave the club, despite Barcelona's best intentions.
Back in Business: NASA Is Set to Return to Human Spaceflight with Historic SpaceX Launch
Two astronauts will ride a privately built rocket and spacecraft to orbit, marking the first launch of humans from U.S. soil in nearly a decade
States' fiscal deficit could hit 4.5% of gross state domestic product: India Ratings
The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, when the lockdown was imposed from March 25. States are likely to see further declines in these receipts in FY21 with the fallout of Covid-19, the report said.
Instagram brings commercials to IGTV to lure influencers
Instagram's IGTV is getting commercials and the company plans to share revenue.
SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMS
According to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."
AfDB board bows to US pressure to probe its president
Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the
Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
Volkswagen in final talks to seal top M&A deal in China EV sector: Report
The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan
Don’t Be One of Those People Betting on a Chesapeake Stock Rebound
Speculators are betting there's something for them in Chesapeake's efforts to restructure its debt and keep operating, but CHK stock is dead.
FX Weekly: Calling For Chinese Help
The FANG+ stocks trade is getting crowded as the index is trading back to pre-COVID-19 highs. The recovery will take longer than governments expect due to socia
Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne
Four out of five Ryanair passengers still waiting for refunds – survey
Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.
Reports: Players balk at MLB's pay-cut proposal
Major League Baseball presented its players union with a revised economic plan for the yet-to-start 2020 season on Tuesday, proposing a sliding-scale of pay cuts, with the top-paid stars due to take the biggest hits.
It’s increasingly clear our tough road ahead has no end in sight
There’s no indication of when businesses will be able to reopen again, and it may be that we are entering the Dark Twenties
Vertex Energy's Transformation Continues
Vertex Energy began migrating its end-products toward higher-margin markets in 2018 - higher-purity base oils and IMO 2020-compliant marine fuel. The company re
'Mothership' office on horizon but don't write off London, says Canary Wharf boss
LONDON (Reuters) - The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said.
Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors, Business Insider - Business Insider Singapore
Business Insider - India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.. Read more at businessinsider.sg
AfCFTA: Implementing Africa’s free trade pact the best stimulus for post COVID-19 economies
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Due to the effects of COVID-19, free trading for countries that have ratified the agreement cannot begin on July 1, 2020 as was originally scheduled. He spoke to Kingsley Ighobor about the way forward. Describe the impact of COVID-19 on …
Louisiana House members advance spending bills that use federal money to avoid deep cuts
The Louisiana House of Representatives on Tuesday approved a $30-billion-plus state operating budget that uses federal pandemic relief funds to make up for most of a projected billion-dollar revenue shortfall.
Delhi: Over 250 shanties gutted in fire in Tughlaqabad, no casualties
DFS divisional officer S K Dua said that while the fire started as a small one, it escalated to the medium category because of the small LPG cylinders in the area which caught fire and exploded leading to the quick spread of the blaze.
EU launches €750bn stimulus package to kickstart economies devastated by Covid-19
It is described as the biggest ever stimulus package and will be comprised mainly of loans and grants for businesses.
Ringgit strengthens against US dollar in early trade
KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...
L&T delivers critical nuclear power plant equipment to global customers during lockdown
The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.
Germany clamps down on SINGING over coronavirus fears: Choirs are silenced and hymns banned at church services after warnings that it spreads infectious droplets
The 'increased production of potentially infectious droplets' involved in singing mean that choirs are facing a longer shutdown (pictured, worshippers at Berlin Cathedral this month).
Nikola Motor: Investing In The Truck Of The Future
Nikola Motor will compete with the biggest names in trucking, but it won't make a dent to market share until 2024. A very strong product line-up means it can co
CCL Stock Price: Carnival Corp set to hit 10-week high above $18 amid growing analyst optimism
Another day, another double-digit increase? Carnival Corp's stocks closed at $16.28 on Tuesday and are changing hands at above $18 per share in pre-ma
Nationwide rolls out online mental health tools for staffers
Nationwide Building Society has built an online tool that helps employees who are experiencing mental health issues during the Covid-19 outbreak get access to support.
Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery
With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.
Big job losses in South Africa – Here are the sectors which are the worst affected
The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.
Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortage
Uber said it couldn’t sell the bikes because many of the parts were proprietary.
Kerala likely to resume sale of alcohol from May 28
The Kerala government has approved the resumption of the sale of alcoholic beverages in the state beginning Thursday, said sources, even as the state is witnessing a spike in COVID-19 cases following the easing of restrictions and arrival of Keralites from abroad and other parts of the country.
IMF Says Banks' Profitability Could Be Muted Through 2025
A new report says a host of headwinds will trouble financial institutions worldwide for years, though North American banks are expected to fare slightly better.
Government may need to pump $20 billion into coronavirus-hit state banks: Report
India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du
Jacqueline Jossa confirms she moved house as she denies Dan Osborne split claims
They got married in 2017.
Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19
Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
Disney World proposes mid-July reopening dates
Walt Disney World presented a plan for a phased reopening of its parks. The company proposed reopening Magic Kingdom and Animal Kingdom Park on July 11, 2020, and reopening Epcot and Hollywood Studios on July 15, 2020.
Leo Puriset to join JP Morgan
Leo Puri, the former MD and CEO of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia retires in 2021.“[Ms.] Morparia, chairman, south and
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. Dalio recently said the Amer...
Liverpool ONE reopening with one-way walking lanes & reduced hours
There will be strict limits on the number of customers allowed in stores at one time too
Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain
Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.
Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue
Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.
Total Value Of Commercial Bank Loans In The US Jumped By $1trn Since January
American debt levels continue rising year after year, with a surge in the number of people using loans to pay anything from home renovation and medical expenses to vacations, scholarship, and credit card debts.
Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for ...
Chang Wah to double QFN leadframe capacity in 2020
Leadframe specialist Chang Wah Technology (CWTC) has disclosed plans to expand production capacity for QFN (quad flat no-lead) leadframes at its factory sites in China and Taiwan this year.
Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April
Government data will probably show expansion slowed in January-March to 1.5%
LG’s 48-inch CX OLED TV is finally rolling out worldwide
The very first OLED TVs featuring 48-inch panels are finally on their way, now that LG has confirmed the new size for its CX OLED television would be rolling out in the coming weeks.
Most SOEs have completed proposed 'new normal' protocols: Minister
Eighty six percent of SOEs have compiled their post-restriction business recovery or "new normal" protocols.
BMO profits slide
BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Hotel owner Accor cuts 800 jobs in Middle East and Africa
Positive signs are starting to appear in the UAE and Saudi Arabia, says CEO
Mary-Kate Olsen's estranged husband Olivier Sarkozy moved ex-wife Charlotte and their kids into Hamptons home to keep them 'safe from COVID'
During his breakup from his his wife Mary-Kate Olsen this April, Olivier Sarkozy allegedly moved his ex-wife Charlotte Bernard and their children into their home in the Hamptons.
ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
MultiChoice makes DStv, GOtv customers offer to cushion COVID-19 impact
With the novel Coronavirus (COVID-19) pandemic ravaging the world currently, the global populace is being inundated with a new forced reality. Loved ones have fallen ill with some, sadly, passing away, businesses have been shut and social movement and interaction have been greatly limited.
There’s a Bull Case for Delta in a Bear Market
Although the airline industry is getting pummeled, DAL stock looks to be the best poised to turn around among the major carriers.
Trump’s Economic Advisers Are Wrong
Forget a V-shaped recovery, or even a U.
Govt’s Seabird Plan Of Action Panders To Fishing Industry, Says Greenpeace
The National Plan of Action for Seabirds, released by the Government today, puts the fate of threatened species firmly in the hands of the fishing industry, says Greenpeace.
What is hazard pay, and why are Amazon and other companies ending it for essential workers?
The risk to workers hasn't changed, but employers no longer have the same labor market pressures to worry about.
Has COVID-19 worsened or improved Jamaican family dynamics?
The COVID-19 restrictions in Jamaica have diminished some families' already limited economic power while heaping additional responsibilities on parents. How are different types of families coping?
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Covid-19 lull offers India an excellent window of opportunity to implement reforms that would help it maximise the benefit of reopening of export markets post-Covid-19. Indias factor markets – capital, labour and land – still remain major constraints on economic activity
Boeing slashes 12,000 jobs as virus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.
Hospitality sector in the Nilgiris may see 70% slide in revenue
Lockdown coincided with peak season for tourism
Investors hot in pursuit of ETFs
The demand for exchange traded funds has held up well despite the virus-induced crisis in the markets.
German chemical firms see 'significant' blows ahead from virus
Germany's powerful chemical sector can expect significant blows to activity from to the coronavirus pandemic this year, an industry federation warned Wednesday.
Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores
Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.
Oakland A’s to end stipends for minor leaguers
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives i...
Google Pay rolls out Nearby Stores feature in 35 Indian cities
Last month, the feature was launched only in a few cities. The feature referred to as Spot by the company is a commerce layer on the app. It enables businesses to open mini digital storefronts within the payment app where users can browse for products and services.
Samsung Money is the company’s new Samsung Pay-linked debit card program
Another tech company debit card.
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
J.J. Watt surprisingly not looking for Texans extension
J.J. Watt isn’t looking to get paid more for what he’s already done. He wants to earn more money by showing what he still can do for the Texans. Watt has two years remaining on his six-year, $100
Wales to launch ‘unprecedented’ contact tracing plan on Monday
An update to the budget was also announced.
Gaming Is a Billion-Dollar Opportunity for Amazon Stock
Gaming is another example of how AMZN will continue to innovate and find new ways to break into new businesses to boost Amazon stock.
ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)
ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]
European stocks surge on expectation of EU recovery package
US equity futures advance ahead of opening
‘Another example of LFC dragging their feet…’ Some Reds online irritated by latest Werner report
We’re really not sure how any Liverpool fan can be annoyed at the club in regards to its work in the transfer window over the past five years, in all honesty. The number of failures can be co…
IEA forecasts a 20% drop in global energy investment in 2020
The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic
What India must do to increase its competitiveness
Time-bound reforms would have a significant impact on competitiveness
JSW Steel to achieve supply normalcy by June; demand revival to take much longer
JSW Steel did not increase the inventory during the lockdown. It had capacity utilisation of 38 per cent in April and it increased to 85 per cent in May
Ukrainian woman uses panties as face mask after she’s denied service
A Ukrainian woman has gone viral for removing her panties and wearing them as a mask after being refused service at a post office.
US used car dealer charged with inflating price of N95 face masks
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
Cambridge Investment Research Advisors Inc. Raises Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Cambridge Investment Research Advisors Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 65.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,480 shares of the utilities provider’s stock after buying an additional 35,740 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in […]
Ask the expert: how can I improve my success rate creating partnerships?
In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses.
Tongaat doubles the price of sugar
Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
Huawei CFO fails to end US extradition fight in Canada
A Canadian judge has ruled that the US extradition case against a senior Chinese Huawei executive can continue to the next stage.
Harare man jailed for conning Singaporean investor
A 38-year-old Harare man has been jailed an effective 7 years for conning a Singaporean investor in a USD$500 000 business venture.
UK commits new funding to combat space debris
New government funding for innovative solutions to tackle the growing problem of potentially hazardous space debris, has been announced by the UK Space Agency.
Man charged with murder over Sydney backyard killing
The body of Tuan Tran, 35, believed by police to have been involved in drug-related crime, was found at his house in south-west Sydney.
Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. - SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavir
Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results
Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
Digital Asset Derivatives Trading Platform, Delta Exchange, Acquires Strategic Investment from New York’s CoinFund
Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockch
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
Steep US stock correlations show virus’s impact on markets
S&P 500 three-month realised correlation elevated despite VIX slump.
Most small businesses remain optimistic on reopening after coronavirus: poll
The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to
Communications Systems: Needs Sustained Bottom-Line Growth To Move The Share Price
Firm posts negative earnings in the first quarter. Once again this showed that the company is absent any real competitive advantage. No need to push the boundar
Pound-to-Australian Dollar Downtrend Intact and Set to Endure as Support Comes Under Pressure
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a note foreign exchange analysts
Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal', Business Insider - Business Insider Singapore
Business Insider - As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.. Read more at businessinsider.sg
McDonald's drive-thrus in Notts set to reopen next month
The wait is nearly over
France promises €8bn to bail out struggling car industry
French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.
Why Copper Could Rise From Here
Copper has taken a hit as a result of a sharp drop in economic activity due to COVID-19. However, the potential for rising inflation expectations along with ris
India may need to pump $20 billion into coronavirus-hit state banks: Sources
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.
Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap
It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto
A’s suspend minor leaguers pay, place employees on furlough
The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as
Jamaica celebrates World Food Safety Day on June 7
JAMAICA will join the rest of the world on June 7 in the second staging of World Food Saf...
Blackstone risks paying damages in dispute with Italy's RCS
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found ...
Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package
Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...
Winds of change in Malaysia’s durian industry as COVID-19 pushes sellers online
KUALA LUMPUR: Enjoying durians in Malaysia is very much a communal affair, with friends and families gathering at open-air roadside stalls and ...
Zampatti: Made in Australia move crucial to industry's survival
Local fashion designers have welcomed government discussions on boosting the country's textile and manufacturing sector post COVID-19.
SEEK job ads continue to increase as economy reboots
It appears job advertisements are continuing to climb, after a sharp drop off in April due to coronavirus. SEEK’s latest data shows that new job ads posted on their website during the fortnight ended…
Hawke’s Bay Regional Council Plans A Climate Smart Economic Recovery
Hawke’s Bay’s Regional Council is focussed on stimulating a climate smart recovery to address the economic challenges facing the region from both COVID-19 and the drought.
Landlords, renters have their plans frozen by pandemic
Some Ontario home buyers and sellers are discovering renters have incredible leverage over the fate of transactions, and some are willing to wield it
The world’s most overweighted and underweighted stocks by active fund managers
Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)
Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]
Auto Trader to offer 25% discount as it starts trading from June 1
Auto Trader has said it will slash its prices in June as the Government allows car dealerships to open again.
Lockdown worth it, say four Duterte men
"Strict lockdown measures have succeeded in flattening the increase of COVID-19 cases." Four cabinet members, Presidential Legal Counsel Sal Panelo, Finance Secretary Carlos Dominguez, Trade and Industry Secretary Ramon Lopez, and Labor Secretary Silvestro Bello, reacted to my May 13 column, “Now, it’s modified,” in which I said “the strictest lockdown in Asia has produced the worst wrong results.”
FBI investigating 'Zoom bombings' involving child sexual abuse
The FBI announced Wednesday that it is seeking information on victims of so-called “Zoom bombings” that contain videos of child sexual abuse, calling such instances a “violent crime.”
Rare penny struck in Northern Ireland breaks auction records
The 17th century coin from Carrickfergus sold for £6,200.
Aurora Stock Is a Contentious Contrarian Cannabis Play
Brace yourself, because there will continue to be outsized daily price moves in Aurora stock. But there's potential for long-term gains.
EUR/PLN three-month forecasts trimmed to 4.80 from 5.00 – Rabobank
The Polish zloty has rallied sharply over the last sessions buoyed by investors’ confidence on a quick economic recovery, which has prompted the Rabob
These 5 'stay at home' stocks are getting pounded as the US economy reopens
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
G R Chintala takes over as NABARD chairman
Chintala replaces H K Bhanwala, who headed the organisation for more than six years.
BC Ferries losing up to $1.5 million each day as pandemic tanks ridership
The company does not qualify for the wage subsidy
Overfunding: Neobank for Africans Eversend Surpasses €550,000 in Funding Through Seedrs Round
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offe
What every Canadian investor needs to know today
A look at the morning’s market action
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the ...